I asked Fred Lambert, editor of Electrek, this question on Twitter. Here’s his answer:
It makes perfect sense to me now. Basically Elon is given this golden “get out of jail free” card and he can do whatever he wants. Lie to shareholders about self driving? SEC doesn’t dare touch him. Buy out competitors? FTC will just whistle it through.
May not be good for Tesla’s business but definitely great for TSLA stock.
A golden age of fraud and grift is upon us. It really is very bullish for TSLA.