Woah. Sort of speaks for itself.
S.E.C. Sues Tesla’s Elon Musk, Seeking to Bar Him From Running Any Public Company
S.E.C. Sues Tesla’s Elon Musk, Seeking to Bar Him From Running Any Public Company
Last edited by a moderator:
-
Want to remove ads? Register an account and login to see fewer ads, and become a Supporting Member to remove almost all ads.
SEC Lawsuit
- Thread starter Buggle
- Start date
-
- Tags
- Elon Musk Tesla Inc.
thegruf
Active Member
reported in the UK too
US regulator alleges Elon Musk Tesla fraud
i guess we all have to trust that Elon can steer through these stormy waters
It would be bizarre to say the least to see him barred from running Tesla as a public company.
perhaps it would force him to take Tesla private after all !
US regulator alleges Elon Musk Tesla fraud
i guess we all have to trust that Elon can steer through these stormy waters
It would be bizarre to say the least to see him barred from running Tesla as a public company.
perhaps it would force him to take Tesla private after all !
I read they are suing the Tesla corporation also.
bkp_duke
Well-Known Member
thegruf
Active Member
indeed - so if Elon beats the charges then does the SEC stand charged with manipulating the market with false claims?
SEC should be looked into for manipulating Tesla stock as well. The timing of this is very suspect. 3 days before Tesla is about to have a record quarter, show that they can make money and release the first steps to FSD.
With all that said I believe Musk will prevail and Tesla will emerge unharmed when this all settles.
With all that said I believe Musk will prevail and Tesla will emerge unharmed when this all settles.
thegruf
Active Member
anything Tesla on the internet is just going to be infested with trolls and shorts for the foreseeable future
the saddest thing is that this is just going to be a major distraction for Elon/Tesla just at a time when their focus needs to be more exacting than ever
the saddest thing is that this is just going to be a major distraction for Elon/Tesla just at a time when their focus needs to be more exacting than ever
If you are an investor and you make financial decisions on what someone tweets. In my opinion you are not a very good investor.
Besides that Elon never said he was going private. He said he was "considering going private"
con·sid·er
kənˈsidər/
verb
Besides that Elon never said he was going private. He said he was "considering going private"
con·sid·er
kənˈsidər/
verb
- think carefully about (something), typically before making a decision
Last edited:
I don't believe in coincidence.
SEC would not file charges if they had no evidence.
I'm afraid it's all over for Tesla now. I'm guessing low 200s now as all the funds and ETFS will be looking to get out before the massacre. The longs who will inevitably sell to take their profits will contribute to the downfall. And the shorts will reign. That's my prediction.
If only Eon Musk would not keep shooting off at the mouth like a stupid narcissist.
Last edited:
I view this as a buying opportunity if the stock drops too much. This BS does not change the fact that Tesla makes phenomenal cars that people love. I can't think of any vehicle that gets the same reaction from random people when they drive my Model 3. Tesla is worth a lot even without Elon as the CEO. btw-I'm not convinced they are going to win this suit.
The SEC does usually win suits. But there is often a settlement prior to trial, which would cost Tesla cash it does not have.
But it also includes not having Eon Musk work as an officer of any publicly traded company. They will not back down on that unless they lose.
sad, the SEC may end up destroying the electric car.
rolosrevenge
Dr. EVS
This was a stupid, self inflicted wound by Elon, there was no reason to send that tweet.
Dan Detweiler
Active Member
And so, the standard of American justice as it pertains to corporations and teachers is set into motion. Guilty until proven innocent. It is now up to Elon and Tesla to prove innocence. The stock and the reputation of the company suffer purely from the accusation. No evidence needed. No proof of guilt required. Very sad to see.
Dan
Dan
+1. He's an overworked micro manager who seems to get too little sleep and can't think coherently for his executive position. Doesn't help that he runs multiple companies.
Similar threads
