Jim Cramer: The truth is that the SEC does not have juice with musk

Elon Musk, One, SEC Nothing.

This is the only way to describe the outcome of the SEC's contempt case against Musk. When a federal judge says that both parties must "put their pants right", you need to ask what type of pants the SEC is wearing.

To recap, the SEC and Tesla (TSLA) have adopted a procedure that would allow Musk to tweet after verification. The tweets to check were those involving important information.

The most important information, which determines the orientation of the stock, are the deliveries. We saw it yesterday when low shipments drove down the second largest stock this year.

That's why the SEC has appended the search reports to its record in case the judge would not understand that the deliveries are important and that Musk has chosen to tweet a figure that it seems impossible to get. # 39; s reach.

The truth is that the SEC does not have juice with Musk. Judge Nathan's decision to refer the matter to the SEC is to say, "We know you can not hold him back and that you are as unreasonable as he is."

I do not see how the SEC could enforce its agreement with Musk and Tesla if the judge did not think it was reasonable to tell him that the agency could stop him from tweeting. They do not really have the ability to run.

It's a huge win for Musk. He is practically free at home.

I'm sure the SEC is steaming about this one. But they ran into a real brick wall.

Congratulations to Musc.

Good game.

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