sdtslafan
Member
If the numbers are good, it would definitely make sense to not release them Monday morning. They should release it on Wednesday to get a compounding increase in share price from this settlement news and the deliveries report.
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and profitsWouldn't it be fun if they also reported the Q3 production and deliveries number on Monday too.
no that's part of the settlementIs the $20M tax deductible ?
Additional details from the SEC: SEC.gov | Elon Musk Settles SEC Fraud Charges; Tesla Charged With and Resolves Securities Law Charge
I wonder who qualifies as a "harmed investor" to be eligible to get part of that $40 million dollars.
- Musk will step down as Tesla’s Chairman and be replaced by an independent Chairman. Musk will be ineligible to be re-elected Chairman for three years;
- Tesla will appoint a total of two new independent directors to its board;
- Tesla will establish a new committee of independent directors and put in place additional controls and procedures to oversee Musk’s communications;
- Musk and Tesla will each pay a separate $20 million penalty. The $40 million in penalties will be distributed to harmed investors under a court-approved process.
Jim Chanos and Mark Spiegel getting a $40 million payday maybe. I hope they've lost much more than that though.Additional details from the SEC:
I wonder who qualifies as a "harmed investor" to be eligible to get part of that $40 million dollars.
- Musk will step down as Tesla’s Chairman and be replaced by an independent Chairman. Musk will be ineligible to be re-elected Chairman for three years;
- Tesla will appoint a total of two new independent directors to its board;
- Tesla will establish a new committee of independent directors and put in place additional controls and procedures to oversee Musk’s communications;
- Musk and Tesla will each pay a separate $20 million penalty. The $40 million in penalties will be distributed to harmed investors under a court-approved process.
I'm seriously confused? Musk rejected a deal that seems to be less bad 1 day ago, and now he suddenly accepted this deal. What has changed to change his mind or am I just bad at seeing the differences?
I mean I think many of us are harmed investors as well. I certainly made different decisions because of the tweet. I doubt that money goes very far though.Jim Chanos and Mark Spiegel getting a $40 million payday maybe. I hope they've lost much more than that though.
Jim Chanos and Mark Spiegel getting a $40 million payday maybe. I hope they've lost much more than that though.
Yes I just read the settlement and it doesn’t say anything about new directors.Interesting that the CNBC article has details not included in that settlement agreement. Also, that Elon signed the agreement yesterday. I wonder if Tesla signed another agreement about them paying $20 million and appointing two independent board members.
Additional details straight from the SEC: SEC.gov | Elon Musk Settles SEC Fraud Charges; Tesla Charged With and Resolves Securities Law Charge
Shorts made money didn't they? The money should be going to long investors that sold at a loss as I understand it?Jim Chanos and Mark Spiegel getting a $40 million payday maybe. I hope they've lost much more than that though.
This is a huge positive catalyst. Not just us longs here, the big guys on wall street have been calling for a chairman and more independent directors. might be wise to take your whatever profit left while you can and run before it's too late!Sounds like sentiment is positive for this? Does it bother anyone that Musk will no longer be chairman of the company?
Talk about a roller coaster for all sides. I'll be sticking to my short position obviously. I do expect a rally in the SP monday.
Good. Hope you lose it all. Shorts can all go to hell.
Failed attempt at elaborating. Are you saying you personally know thousands of Tesla customers who left after receiving their car, and that they personally informed you they had a “bad taste” in their mouths due to the chaos, as you’ve described the delivery process? Or, is your source of information due to some random person on the internet posting, perhaps even their very first post, of a problem? Exaggerate much?Let me elaborate. This quarter they deliver upto an estimated 80k cars and this is described as “logistics hell” and leaves customers with a bad taste after surviving a chaotic mess of an unorganized process.
I'm seriously confused? Musk rejected a deal that seems to be less bad 1 day ago, and now he suddenly accepted this deal. What has changed to change his mind or am I just bad at seeing the differences?
Most interesting part to me is that he has to submit to tweet supervision. Good long term IMO.
Exactly. Wall Street has been calling for this. this is really huge. hedge fund managers have been calling for this and more independent directors/new chairman (CNBC fast money clowns discussed these over and over). Mini-squeeze comes Monday, above $300 is possible.Good thing is it forced Board to oversee Musk's communications, which is good news as we don't want the reckless tweets of the past. $20M fine is nothing. Wall Street will love this.