The Securities Exchange Commission (SEC) announced yesterday that a lawsuit had been filed accusing Tesla co-founder and CEO, Elon Musk of securities fraud.

He had announced on Twitter last month that he was considering a plan to take Tesla private, valuing it at $420 per share. The result was chaos, with Tesla’s stock rising before doubts called about the sincerity of the plan caused the rally to recede.

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I’m not so sure that we can so easily pin the blame on Musk in this way. There have been calls for him to limit his Twitter usage, or as former SEC commissioner Professor Joseph Grundfest from Stanford Law School has argued for him to “get what I call a ‘Twitter nanny’, where he can’t communicate without first clearing it with a responsible adult”.