sundaymorning
Active Member
I think we’ve been through this a dozen times 500 posts back. I still get pissy talking about it even though it has less than 1% or happening.
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Tesla, TSLA & the Investment World: the Perpetual Investors' Roundtable
- Thread starter AudubonB
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I think we’ve been through this a dozen times 500 posts back. I still get pissy talking about it even though it has less than 1% or happening.
Artful Dodger
"Neko no me"
How can you find inventory Model 3 cars? I'm not able to find any one the tesla.com site.
I'm not certain how the admins of the facebook group do it. I know that advisers at Tesla locations are able. Perhaps they work for Tesla or know people that are.
Edit: Also, these Model S inventory cars are not able to be found (by me) on Tesla's website as well.
The more I read these briefs I remain convinced that Musk’s lawyer should’ve never corrected the original tweet with the “I meant production run rate” defense.
Better defense was always that it was an aspirational/“look how far we’ve come” statement (which following the thread, it was) and not something Musk considered material since he has said they might do 500k on the call.
Better defense was always that it was an aspirational/“look how far we’ve come” statement (which following the thread, it was) and not something Musk considered material since he has said they might do 500k on the call.
Carl Raymond
Active Member
They are different stats when confined to a given quarter. You can deliver cars produced in a prior quarter and produce cars that may be delivered in a future quarter.
Tesla’s tactic to deliver to customers nearest at quarter end minimises the discrepancy.
Mad@gascar
Teslanaire Extraordinaire
In footnote 6, the SEC actually does acknowledge Elon's "350,000-500,000 model 3s, something like that this year" remark on the earnings call. (Addressing the central point in a footnote, really?) The footnote makes the tenuous argument that this remark is not a production forecast, because the statement was "cryptic" and "murky" and "inconsistent with Tesla's official guidance".
I am dumbstruck by the legal brilliance of making an inconvenient fact go away by labeling it "cryptic" and "murky". /s
Artful Dodger
"Neko no me"
Totally wrong approach. The SEC are the attack dogs of some much bigger forces that will not lay down and quit.
If Elon can't go on a webcast with supportive investors and fund managers and speak plainly, then the USA isn't worth saving.
And NOBODY is complaining about the SEC silently dropping their investigation of Exxon-Mobile for lying to their own shareholders about their undisclosed knowledge of the risks of climate change.
Or maybe that's why Exxon shut up about it huh? Faak the SEC.
Exxon Mobil Accounting Probe by SEC Ends With No Action -- Bloomberg
Aug 3, 2018 - ...valuation of its reserves and public disclosures about climate change... The Trump administration dropped a two-year-old accounting probe into Exxon Mobil Corp. ... failed to alert investors about potential climate-change risks for a company ...
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I rather like his refusal to "play ball" or be cowed by bullying tactics.
Carl Raymond
Active Member
It’s worked to make climate change “go away” for 30 years, despite there being nothing cryptic or murky about the Keeling Curve.
If 15 yr old Greta Thunberg can read the curve, you might think an Environment Mininister, somewhere, might be able.
Edit: point being, playing dumb is an age old strategy.
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Sounds like the SEC is trying to move the goalposts here. Maybe they are colluding with the shorts after all.
That strategy works better on Twitter than it will in a court of law.
Don’t worry, be happy. FUD & SEC matters are temporary speedbumps along the way & Elon won’t be deterred & neither should we as partners in Tesla because the dreadnaught juggernaut is required to systematically crush non-adaptive ICE makers & help fund colonization of other celestial bodies in the solar system for the betterment & preservation of humanity. New video of Elon chatting it up prior to the Crew Dragon launch a few weeks ago with NASA administrator Jim Bridenstine and astronauts about where things were in 2001 and where they are now. Eighteen years hence in 2037 we’ll be reminiscing & reading books about how exciting these days were when things seemed to hang in the balance
EVNow
Well-Known Member
Yes - I don't think he should be cowed.
At the same time he has to be squeaky clean and not give any room for their cases. Like how Obama was so careful for 8 years. But obviously EM doesn't have that kind of discipline.
SEC Stunned That Musk Failed to Get Pre-Approval of Tweets
Bloomberg - Are you a robot?
The U.S. Securities and Exchange Commission said it’s “stunning” that Elon Musk didn’t seek pre-approval of any of his tweets about Tesla Inc. in the months since he was ordered by a judge to do so.
I don't see how Michael Bloomberg can claim to be making climate change his top priority when his website blasts headlines like this.
It's like he is actually abetting in attacking Elon Musk in the court of public opinion.
TSLA stock is going to remain volatile until this is resolved. The market doesn't like uncertainty.
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Karen I havent read it yet but if these are examples on noncompliance this is the most puerile attempt I have ever seen and i take back my feeling that a government agency is due deference from the courts.Nafnlaus on Twitter
Comedy from @SEC_Enforcement - the following tweets from @elonmusk are given as examples of "written communications that contain, or reasonably could contain, information material to the company or its shareholders"
I still feel the same way and it looks like the SEC may be grasping at straws but they apparently have not established a factual dispute so this is a matter of interpretation of the facts. I expect no evidentiary hearing but an oral argument where counsel presents each side's I interpretation of the agreement and the facts. I like EM's argument right now
Edit I see EM has asked to submit more on the negotiations. I think it is likely that this will be approved. However it still looks to me like the facts are not in dispute and the issues will revolve around the meaning of the agreement and whether it (absurdly) limits tweets on Tesla completely. This appears to be a desperate position by the SEC.
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Mike Smith
Active Member
From the settlement agreement:
“Defendant undertakes to comply with all mandatory procedures implemented by Tesla, Inc. (the “Company”) regarding (i) the oversight of communications relating to the Company made in any format, including, but not limited to, posts on social media (e.g., Twitter), the Company’s website (e.g., the Company’s blog), press releases, and investor calls, and (ii) the pre-approval of any such written communications that contain, or reasonably could contain, information material to the Company or its shareholders;”
The requirement for oversight isn't limited to just tweets, but all forms of communications. This would include verbal.
Now the SEC is saying it isn't up to Musk to decide what constitutes material information. This would mean Musk would have to seek guidance from the oversight committee every time he even wants to speak about Tesla with anyone in any way, to determine if his comments are material to Tesla and shareholders. There's no way the judge will agree with this interpretation.
“Defendant undertakes to comply with all mandatory procedures implemented by Tesla, Inc. (the “Company”) regarding (i) the oversight of communications relating to the Company made in any format, including, but not limited to, posts on social media (e.g., Twitter), the Company’s website (e.g., the Company’s blog), press releases, and investor calls, and (ii) the pre-approval of any such written communications that contain, or reasonably could contain, information material to the Company or its shareholders;”
The requirement for oversight isn't limited to just tweets, but all forms of communications. This would include verbal.
Now the SEC is saying it isn't up to Musk to decide what constitutes material information. This would mean Musk would have to seek guidance from the oversight committee every time he even wants to speak about Tesla with anyone in any way, to determine if his comments are material to Tesla and shareholders. There's no way the judge will agree with this interpretation.
I had the same compulsion around the same time I guess. Not as confident I'll be able to follow though without some help from $TSLA...(at least alibaba is cooperating for now so I'll hope for the best)
You can’t really but the inventory levels are very low. I just went through this with a fiend last week. He was looking for an inventory car and they could find two (more or less, but not exact of what he wanted) in California (you need to call and ask), both of which were sold in 24 hours.
Both Model 3, built last year and with miles.
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