Elon Musk says he won't change much about how he uses Twitter, even after it cost him and Tesla $20 million

Key Points
  • On a new episode of the "Recode Decode" podcast, Tesla CEO Elon Musk said he will no longer tweet information "that might cause a substantial movement in the stock during trading hours."
  • Earlier this year, a tweet Musk sent about taking Tesla private caused him and Tesla to each pay $20 million in a settlement with the U.S. Securities and Exchange Commission.
  • Musk has previously said the tweet was "worth it."
Elon Musk, chairman and chief executive officer of Tesla Motors
David Paul Morris | Bloomberg | Getty Images

Elon Musk said he doesn't plan to change much about his Twitter habits, even after a settlement with the SEC caused him and Tesla to pay $20 million and for Musk to step down as the company's chairman.

Musk addressed his Twitter usage on a new episode of the "Recode Decode" podcast with Kara Swisher where he discussed a range of issues from whether he would accept money from Saudi Arabia to the problems that plagued Tesla over the past year.

Musk got in trouble with the Securities and Exchange Commission for a tweet he sent earlier this year that claimed he had "funding secured" to take Tesla private again.

When Swisher asked whether he would change how he uses Twitter after a $20 million fine against him and Tesla from the SEC, Musk said, "Not really. I think it's mostly just if it's something that might cause a substantial movement in the stock during trading hours. That's about it."

(The Tesla CEO can tweet about truthful information that could affect the stock.)

Musk had previously tweeted that his initial message about securing funding to take Tesla private was "worth it."

"Some people use their hair to express themselves," Musk told Swisher. "I use Twitter."

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