Tesla's Elon Musk on '60 Minutes': 'I do not respect the SEC'

Elon Musk on 60 Minutes.                  You Tube screencap

Elon Musk on 60 Minutes. You Tube screencap

He stoked controversy all summer with his erratic behavior, taunting the SEC, calling a diver in the Thai cave rescue a "pedo" and capping the summer by smoking pot on the Joe Rogan podcast.

"It was life or death", said Musk. He was forced to resign as chairman but allowed to remain CEO. The company named Robyn Denholm, who was already on the board, as chairwoman.

"I do not respect the SEC", Musk said. "I do not respect them". Musk added that he's that he is abiding by the SEC's terms because he respects the justice system. Ltd., Australia's largest telecommunications company. And no, I'm not referring to him admitting that he has no idea how to smoke weed.

Tesla has struggled to ramp up production of its much hyped Model 3 mid-size sedan. The decision, like many Tesla has made, was ridiculed by some in the industry.

Musk, 47, told anchor Lesley Stahl that none of his tweets have been censored since he reached a settlement with the U.S. Securities and Exchange Commission in October. Musk credited the decision to build a third general assembly line outside under a tent with saving the company. He said Tesla would consider buying any plant that rival GM closes as part of a restructuring plan that could cost up to 14,000 jobs.

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A Tesla spokesperson confirmed to Business Insider that the company was in compliance.

The possible plant closures present an opportunity to Tesla. At the same time, GM said it would double its investments in electrification and autonomy.

Musk owns about 20 percent of Tesla.

Speaking to Leslie Stahl, Musk also stressed he is not about to stop tweeting and doesn't have anyone proofreading or supervising every single thing he posts to social media either.

Asked how Tesla would know if his tweets are going to move the company's stock price if they aren't being reviewed in advance, Mr. Musk suggested the company "might make some mistakes".

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