FREE ELON MUSK!

[buttershrimp]

What the hell is going on in America? WTF? Seriously SEC? Seriously?

Stupid for Elon to tweet that? Yes.
Fine Worthy? Sure.
Intentionally lying? Nope.
Intentionally misleading? No, the opposite.
Intentionally manipulating the stock? Nope.
Does he hate short sellers? Yes, and so should the SEC.
Its the SEC turning into Paul Giamatti in Billions? Yes.... except they aren't going after a hedge fund.... they are going after a CEO that needs a nap, a sandwich and a little frickin' respect.

 

[cpa]

OK, Butter; I'll bite.

Your first two comments are civil matters. The next three are criminal matters. Differences you can drive a Tesla Semi through with room to spare. The SEC only has civil authority.

Anyway, Elon sorta broke new ground by blurting out on social media his plan to take Tesla private. I hazard a guess that all the SEC rules and regulations were drafted and implemented well before social media became such a whirlwind method of communicating with the public. Social media statements probably are not covered in the employee handbook. I also think that this is a wake-up call for the Board of Directors to keep management in line both on and off duty. (Not like Musk is ever off duty, but that is another matter.)

So, this investigation and its ramifications for Elon Musk are like drawing up the play in the dirt while huddled around the quarterback.

Personally, I believe that there needs to be some sort of oversight to prohibit key players from posting casual remarks that could be seen by the public as a buying or selling opportunity. Some sort of precedence needs to be created by the SEC to alert all the other major players for publicly-traded companies what could happen if they make some sort of comment that is not released through their companies' public relations department or filed with the SEC on the appropriate form.

So, yeah, Musk needs to pay a fine large enough for not only him but also others to take notice. And he probably needs to take a time out for a year or so to cool off, take a nap, and grab a sandwich.

 

[plumazul]

The SEC does not need another blood feud with a billionaire. The SCOTUS has not been kind to them. I agree he should pay a fine. Elon and the SEC will settle.

 

[tyanger]

Looking at the stock price, maybe now is the time to go private for $300/share

 

[TesFanboy]

What the hell is going on in America? WTF? Seriously SEC? Seriously?

Stupid for Elon to tweet that? Yes.
Fine Worthy? Sure.
Intentionally lying? Nope.
Intentionally misleading? No, the opposite.
Intentionally manipulating the stock? Nope.
Does he hate short sellers? Yes, and so should the SEC.
Its the SEC turning into Paul Giamatti in Billions? Yes.... except they aren't going after a hedge fund.... they are going after a CEO that needs a nap, a sandwich and a little frickin' respect.

View attachment 338734

Whats' wrong with America ? many folks who simply drink Elon's coolaid what ever the case may be.. Is Tesla cars cool.. is Musk behavior professional for his role and responsibilities - NO. Be happy the SEC got the balls to nail him when the toothless board is sitting and watching his stupid behavior. What about all the folks lost their shirts and pants when the stock hit the roof after he tweeted and how holding the bag ?? grow up dude.. finally it is happening and thats the beauty of america. I'm a Tesla and Musk fan but NOT STUPID. Love the company and respect Elon but don't support his reckless behavior. How many thousands Model 3 buyers are running around like crazy for the past 3 weeks due to the way he is trying to make the numbers.. DOJ, please act as well.

BTW, dont forget, SEC graciously offered him a great escape hatch which he rejected it. so know the facts before polling using biased options. What stopped him to accept the SEC deal to pay for the stupid mistake he did ? his Ego.

BTW, I'm long and got hurt too but believe and trust the company will survive no matter what.

 

[TesFanboy]

Looking at the stock price, maybe now is the time to go private for $300/share

True market valuation using golden standards is around $200.. add 20% premium .. $240 is a deal.

 

[Darren Donovan]

Looking at the stock price, maybe now is the time to go private for $300/share

But the Saudis already took their money elsewhere.

 

[strider]

The mistake you're making is that the section they are accusing Elon of violating does not require the statement to be misleading, merely reckless. Elon does more reckless stuff before 9:00am than most people do all day.

 

[MXWing]

All Elon needs to do is be given only contributor status to his twitter account. A page admin needs to approve tweets.

It’s a brand page essentially. Offer the job to the SEC chairman and we’re good for awhile.

 

[TT97]

EM stepping aside as Chairman for 3 years and paying $20mm fine. Staying on as CEO. Tesla to also pay $20mm fine.

 

[LM-5]

Nothing to see here. Move along.

 

[AustinPowers]

Social media sucks

 

[UnknownSoldier]

FREE ELON MUSK*

*With purchase of one Elon Musk of equal or greater value. Some Elons excluded from this offer. Other restrictions may apply. This offer good for one use only. This offer expires 9/29/18 or when supply is exhausted. No rainchecks.

 

[Seattle]

But the Saudis already took their money elsewhere.

The saudis have a lot of money. They could have gone back and gotten tesla for a discount. Now the price will be back to 300 on monday probably. I was going to buy some on Friday, my fin advisor talked me out of it.

 

[dhanson865]

What the hell is going on in America? WTF? Seriously SEC? Seriously?

Stupid for Elon to tweet that? Yes.
Fine Worthy? Sure.
Intentionally lying? Nope.
Intentionally misleading? No, the opposite.
Intentionally manipulating the stock? Nope.
Does he hate short sellers? Yes, and so should the SEC

goiong after a CEO that needs a nap, a sandwich and a little frickin' respect.

If you hadn't cancelled so many orders he'd surely have gotten more sleep and been less stressed.

 

[plumazul]

The saudis have a lot of money. They could have gone back and gotten tesla for a discount. Now the price will be back to 300 on monday probably. I was going to buy some on Friday, my fin advisor talked me out of it.

I hope this person is now your *former* fin adviser