Elon Musk: "I have no respect for the SEC"

The Tesla cofounder got in hot water with the Securities and Exchange Commission this summer and explains to Lesley Stahl how his tweeting has been reined in as a result.

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Elon Musk tells 60 Minutes he doesn't respect the Securities and Exchange Commission,  but says he's only abiding by the terms of a settlement he made with the SEC because "I respect the justice system." The settlement followed an investigation brought on in part by one of the Tesla CEO's tweets.

After tweeting, "Am considering taking Tesla private at $420. Funding secured," Musk agreed that his "communications relating to the Company… including... Twitter" would be overseen by the Tesla board. In the clip above, Musk says none of his tweets have been censored since the settlement.

"I wanna be clear," Musk tells correspondent Lesley Stahl, "I do not respect the SEC. I do not respect them."

To see Lesley Stahl's full interview with Elon Musk, click here.