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886

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[–] 1 pt

Isn’t it illegal for a publicly traded company to knowingly take actions that will lose shareholders money? Wasn’t that how SEC stripped Elon musk of authority at Tesla after smoking a joint on Joe Rogan? It was because he broke some moral clause, but wasn’t that because that threatens shareholders rights?

The shares will recover and it won't affect the profits which is what that law really is about.