Im what some might call a fan boy, I think of this as great news. We get all of Elons magic soon to be complimented by someone who excels at chairman skills. Elon is a visionary not a chairman. Not an insult—visionary is harder. Years from now this will be seen as the medicine that made Tesla the crazy awesome company that it will be in another few years.
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Elon Musk
- Thread starter graham
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Yeah. The only way to get away with tweeting mountains of crazy, nonsensical bull crap that keeps driving the markets into a tizzy, is to be the president.
Olds442
Member
The US has laws and regulations about the behavior of corporate officers and the SEC is tasked with policing them. Elon broke the rules and got thumped.
Many of the rules of behavior for POTUS are just tradition and aren't actually defined in any regulation anywhere. But there are times the American public can weigh in directly, which is more difficult with a corporation. An individual can sue a corporation if the corporation has harmed them, and with difficulty a class action lawsuit can be brought if a bunch of people have been hurt, but you need to prove standing (ie you were harmed personally) to continue with a lawsuit.
Elon should have been more careful with his Twitter account. Everyone should, especially public figures. He's getting thumped for it.
It's fortunate that he's not being forced out entirely. Hopeful the new chairman will be someone who Elon can work with, but will also stand up to him.
Many of the rules of behavior for POTUS are just tradition and aren't actually defined in any regulation anywhere. But there are times the American public can weigh in directly, which is more difficult with a corporation. An individual can sue a corporation if the corporation has harmed them, and with difficulty a class action lawsuit can be brought if a bunch of people have been hurt, but you need to prove standing (ie you were harmed personally) to continue with a lawsuit.
Elon should have been more careful with his Twitter account. Everyone should, especially public figures. He's getting thumped for it.
It's fortunate that he's not being forced out entirely. Hopeful the new chairman will be someone who Elon can work with, but will also stand up to him.
If Elon keeps going the way he has been going, he will self destruct. Obviously, we don't want that, so maybe this will help?
Olds442
Member
clearly the dude's under tremendous pressure, as long as he remains the face of the company Tesla will be just fine. this is probably exactly what he needs. (but i doubt he likes it.)
Off Shore
Off Topic Member
Very interesting, the sentiment here vs. the Market Action thread. They're (we're) pretty delirious over there because the settlement leaves EM in charge of the company, makes lots of people happy who've been calling for more board oversight, and removes a huge cloud of uncertainty over the company.
For years I have advocated and spoken in a loud and deliberate voice, to advance sustainable transportation and renewable energy. The attacks and vitriol I have experienced in response to my singular voice have stunned me — they continue to surprise me. How small my voice, how minuscule my efforts.
Elon has stood as a giant in history, stood against the inertia of world economies.. He has commanded the world stage with his presence, speaking with first principled reason, he has advocated the benefits of mankind, the health of our planet. I cannot begin to understand all that has brought to bear against Elon, to grasp what he has endured.
Has Elon stumbled, has he made mistakes? Possibly. These are small matters. Elon Musk is changing the world. Our great grandchildren will study his deeds in school. We get to regale our grandchildren with tales of living history.
I support Elon Musk and Tesla’s “Master Plan”. This fight is only beginning.
Elon has stood as a giant in history, stood against the inertia of world economies.. He has commanded the world stage with his presence, speaking with first principled reason, he has advocated the benefits of mankind, the health of our planet. I cannot begin to understand all that has brought to bear against Elon, to grasp what he has endured.
Has Elon stumbled, has he made mistakes? Possibly. These are small matters. Elon Musk is changing the world. Our great grandchildren will study his deeds in school. We get to regale our grandchildren with tales of living history.
I support Elon Musk and Tesla’s “Master Plan”. This fight is only beginning.
Dr. J
Active Member
Dr. J
Active Member
nwdiver
Well-Known Member
Trump is not the head of a publicly traded company.
....not any more... god save whatever poor souls he’s leading today
1. We don't know what the original terms were , or their potential collateral damage (SpaceX, Boring, compensation plan (requires being CEO or Chairman_ChiefProductOfficer)
2. Tesla's fine was for not having vetting on Elon's communications. Not directly his fault, not seeing why his comp plan would be impacted.
Also read that to get in on the $40 million would require actually losses (not just paper). Longs who chose/ were forced out of their positions may benefit also. Depends on how the terms are set up (date range and such).
RFernatt
Solar/EV Owner/Enthusiast
Can anyone opine on the whether this settlement caps the liabilities from the other shareholder lawsuits precipitated by the "funding secured" incident? If so, then it's a steal at $40 million IMO.
Barklikeadog
Active Member
Best of your 80 posts. People around here are still arguing what the dictionary definition of 'secured' is. Musk screwed up. He broke rules that have been around for 80 years. Accept your punishment, accept that having some independent people involved is a good thing, and don't be an a-hole about it going forward or they will get you again. Just build cars, make some parts and don't put QC on the consumer.
israndy
Supercharger Hunter
Perhaps he can have Dmitry Medvedev hold onto his chairman seat for 3 years until he is allowed back in.
-Randy
dhrivnak
Active Member
Worse he is the president of the most powerful military and nuclear arsenal and well as the worlds largest economy.Trump is not the head of a publicly traded company.
They are going to get a hell of a lot more than that. All the civil suits are now slam dunks...show any damages related to options trading effected by the lie, and collect Elon/Tesla cash.
He did not admit any wrongdoing. Proof of Saudi backing can still be used if they go to trial.
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