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Jordan Thomas discussed the SEC’s recently announced settlement with Tesla CEO Elon Musk, calling the settlement “an appropriate resolution, one that [SEC] Chairman Clayton and the Enforcement Division will be happy with.”
When asked by Squawk Box host Andrew Ross Sorkin about the strength of Musk’s case, Jordan responded “I think he had a fundamental weakness in his case, particularly the $420 quote that it was confirmed at that number, that’s a very difficult thing.”
Click here to watch the entire interview.