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A comment on SEC Sues Musk and Seeks Ban for His Tweets on Go-Private Deal. Parent comment

Re:SEC Sues Musk and Seeks Ban for His Tweets on Go-Private ... by bdcravens on Thursday September 27, 2018 @04:52PM (#18088554)
Note that Tesla requires a super-majority vote for major changes, and with Elon's ownership (as well as insiders who may toe the line) it would take an almost 90% vote.

https://www.thestreet.com/investing/stocks/how-elon-musk-con...

(Obviously the SEC can take action that supersedes those rules)

Even if Musk is removed, his votes give him an extraordinary amount of control over Tesla's day to day operations, until they change the supermajority rule (which in itself would require a vote subject to the rule)

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Re:SEC Sues Musk and Seeks Ban for His Tweets on Go-Private ... by gamblor956 on Thursday September 27, 2018 @05:21PM (#18088807)
Shareholders don't have control over day-to-day operations. They get to pick the board, which picks the management team that actually runs day-to-day stuff. If (after this all goes down) Elon were to effectuate day-to-day control, he would be treated as an officer of Tesla in violation of the SEC order and they would likely seek jail time the second time around.
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