Elon Musk’s ‘joke’ ManU tweet unlikely to land him regulator’s red card, say legal experts

Joke or otherwise, the tweets are likely to draw scrutiny from the SEC, given the share price move and Musk’s history of skirting US securities rules, legal experts said. — Reuters

WASHINGTON: While the US securities regulator is likely to examine Elon Musk’s tweet in which he joked about buying New York-listed soccer club Manchester United, legal experts say that on its face the crack is unlikely to land him in hot water.

Musk, the world’s richest person, briefly lifted the gloom over the club’s shares by tweeting on Aug 16: “I’m buying Manchester United ur (sic) welcome,” to his 103 million followers, adding later that it was a “joke”.