Snorvey wrote:he has to face the consequences. Perhaps the world's richest man thinks the rules dont apply to him.
No, it's just that you're not looking in the right place.
He sold $8.5bn of Tesla shares with the justification that "it was for Twitter".
Even if he has to pay Twitter $1bn of penalties, he's still $7.5bn up.
Normally it would spook the markets for someone so associated with a company on a...toppy...valuation to be selling shares in that quantity.
Instead, because it was perceived as nothing to do with Tesla, the sale has not affected the Tesla price and so its $780bn valuation, and the $120bn value of his remaining stake, remain intact. Meanwhile he now has $7.5bn (less tax) in the bank, maybe $8.5bn if his lawyers are better than Twitter's lawyers.
Job done.