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Because the conference call gave a range - 350k - 500k - and Elon said "we will make the high-end of that range." That's a material change in guidance. Again, if this was "no big deal, all good," why would one of the best securities lawyers in the world resign?

It was material, and it wasn't guidance. A) The guidance was 350k - 500k. That's a huge range. There's a big difference between coming in at the low-end and coming in at the high-end. Elon's tweet said "we will make the high-end" - that's material. B) It wasn't guidance; it was a declarative...

His tweet was not guidance - it was a declarative statement. Big difference between "we expect to make around 500k" vs "we will make 500k" From the court filing:

No, was just pointed here from Twitter and thought I'd explain why the 500k tweet was so problematic. According to the court filing, Tesla's lawyer immediately asked for a meeting with Musk, and immediately drafted a clarifying tweet. Tesla's lawyer resigned the next day. Regardless of...

For those following... The problem is with the word "will" That's not guidance, anymore. There's a big difference between these two statements: We expect to make 500k We will make 500k One is a forward-looking statement, the other is a declarative action. This is why we have disclosure...