it s a minuscule fine. elon musk is worth billions and billions of dollars. tesla s worth $50 billion, $60 billion. elon musk $50 billion, $60 billion. the fine doubled, by the way. he turned down the opportunity to pay a $10 billion so the s.e.c. sued him and he settled for $20 million. it s pocket change to him. tesla is worth what did you say? 60 billion-ish. $60 billion. and elon musk is saying to employees, get excited, guys, we m may be about to turn a profit. so to the average person out there can you speak to the perverseness of that. they don t make money. he hasn t been able to build cars. this is the problem. he has made almost no cars over the ten years or so that tesla has been in existence. he has lost money, lost money, lost money. he kept promising profitability
get ready, it s my favorite part of the show, money, power, politics. today, we re keeping an eye on one man, one company, tesla. the securities and exchange commissions settled with tesla ceo elon musk over the weekend on charges stemming from musk s tweet in august about taking the company private. the settlement calls for a $20 million fine from both tesla and elon musk. in addition, musk will step down as chairman for three years but he remains ceo. two new independent directors will be brought on to the tesla board and oversight will be required for all written communications for musk, including tweets. first, is this a good move for tesla? everyone can say, this is a mass v fine. it s not a massive fine.
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that s right, no hidden fees. it s just that i m worried about, you know, hidden things. ok, why s that? well uhhh. surprise!!! um. well, it s true. at ally there are no hidden fees. not one. that s nice. no hidden fees, no worries. ally bank. your money needs an ally.
despite including meal plans. few get fame, meantime billions are brought in from tv deal, ticket sales and merchandise including sales of napier s jersey. selling his jersey he goes to bed hungry. so should the players, the fans are paying to watch, be getting a piece of the revenue they re generating? education secretary arne duncan was co-captain of harvard basketball team and played professionally overseas and took home the mvp as part of the nba s all-star weekend. he says supporting big time athletes, it s out of whack. they have to be students first. they have to be athletes second. that balances out of whack in far too many places. money is driving this thing. money for the universities. not for the kids? money for college coaches, for administrations and making sure young people aren t going to college just to play a sport, but to get their degree. i was one of those many young men, wanted to go to the nba. didn t make it, but was told,