Is Elon Musk going to create our next Facebook?

The Tesla CEO, Elon Musk is giving serious thought to creating a new social media platform, he said in response to a Twitter user's question on whether he would consider building a platform consisting of an open-source algorithm that would prioritize freedom of speech and minimize propaganda.

The statement came days after Musk launched a poll asking users if they believed Twitter adheres to these principles, adding that the consequences of this poll would be important. Over 70% of respondents voted “no.”

The Tesla CEO does not like the fact that his tweets are scrutinized by regulators.

Musk was subpoenaed by the U.S. Securities and Exchange Commission in November after he asked his Twitter followers if he should sell 10% of his Tesla stock causing shares to fall.

In February, Musk accused the SEC of “harassment” and making a calculated effort to “chill” his right to free speech.

He has been trying to quash the subpoena, but the SEC said last week: “Musk’s motion to quash is procedurally defective and substantively meritless.”

The regulator told a judge that Musk’s tweets about Tesla will continue to be a reasonable subject for government investigation, even if the court throws out a 2018 agreement with the SEC that means Musk must gain pre-approval from other Tesla executives before he tweets about the company.

Musk has in the past proclaimed that he and his companies are working on exciting products scheduled for years into the future, but often, the proposed innovations aren’t realized within the projected timeline.

For instance, at a Tesla “Autonomy Day” event in April 2019, Musk said the company would have 1 million autonomous “robotaxis” on the road in 2020. These robotaxis still don’t exist.