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    Michael Hiltzik: If the SEC's punishment of Elon Musk harms Tesla shareholders, it's their own fault

    by Michael Hiltzik, Los Angeles Times Feb 28, 2019 5 minutes

    A curious, not to say bizarre, line of chatter has emerged in connection with the fight between Tesla Chief Executive Elon Musk and the Securities and Exchange Commission.

    The argument seems to be that the SEC is wary of coming down too hard on Musk for his alleged violations of securities law and CEO norms because removing Musk from management - the nuclear option, so to speak - would hurt only Tesla shareholders. That would be true, it's said, even of any lesser steps by the SEC to rein in his authority at the electric car company.

    Among the leading exponents of this argument is Musk himself, which should give you a clue to its pertinence and logic. Musk voiced it via Twitter on Tuesday, apropos of the SEC's request that a federal court find him in

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