Tesla, TSLA & the Investment World: the Perpetual Investors' Roundtable

[Tenable]

Tesla shares fall on report SEC asks judge to hold Elon Musk in contempt for violating deal

You guys rag on me too much for being cautious. This one was clear as day...

F***

 

[StarFoxisDown!]

Lol welp, if we thought the SEC wasn't in bed with Wall St then we're sure about it now. Beyond silly that a tweet made in after hours that was corrected a couple hours after during which the stock price did not move would be give the SEC cause to go after Elon again.

At this point, I 100% believe that Wall St had nothing else to use against Tesla's radically improving fundamentals and pressured the SEC into taking BS action on this tweet.

 

[anthonyj]

Lol welp, if we thought the SEC wasn't in bed with Wall St then we're sure about it now. Beyond silly that a tweet made in after hours that was corrected a couple hours after during which the stock price did not move would be give the SEC cause to go after Elon again.

He signed an agreement. Obviously the board isn’t doing their job babysitting his tweets. End of story, he violated the agreement. Doesn’t matter that it was poorly worded.

 

[MartinAustin]

Forget CNBC!!!

Bloomberg - Are you a robot?

So they have asked a judge to hold Elon in contempt. No word as to whether the judge will do that, or tell them to clear off.

 

[EVNow]

Tesla shares fall on report SEC asks judge to hold Elon Musk in contempt for violating deal

You guys rag on me too much for being cautious. This one was clear as day...

Shorts have a lot of influence with SEC.

 

[schonelucht]

Technically the SEC could consider 'anything' a violation of the settlement agreement, they only need to make a filing to the judge - but it would be ridiculous for the SEC to complain over a quickly corrected mistake that had no real effect on the share price, and they'd have very little standing.

SEC's not agreeing.

 

[StarFoxisDown!]

He signed an agreement. Obviously the board isn’t doing their job babysitting his tweets. End of story, he violated the agreement. Doesn’t matter that it was poorly worded.

You really think it's worth the SEC's time and hassle to go after a tweet made in after hours where the stock price didn't move and was no volume and risk embarrassment if they fail at this? Really? Really? Get out of here with you're constant pessimistic attitude.

 

[AlexS]

He signed an agreement. Obviously the board isn’t doing their job babysitting his tweets. End of story, he violated the agreement. Doesn’t matter that it was poorly worded.

Probably a lot of selling tomorrow and Buffet buying

 

[MartinAustin]

You really think it's worth the SEC's time and hassle to go after a tweet made in after hours where the stock price didn't move and was no volume and risk embarrassment if they fail at this? Really? Really? Get out of here with you're constant pessimistic attitude.

Yep. The anthonyj account just went to a special place.

 

[anthonyj]

You really think it's worth the SEC's time and hassle to go after a tweet made in after hours where the stock price didn't move and was no volume and risk embarrassment if they fail at this? Really? Really? Get out of here with you're constant pessimistic attitude.

It’s not pessimistic. It’s realistic. We’ve seen it before. It doesn’t matter if the market moved based on the tweet. Read the agreement.

 

[schonelucht]

You really think it's worth the SEC's time and hassle to go after a tweet made in after hours where the stock price didn't move and was no volume and risk embarrassment if they fail at this? Really? Really? Get out of here with you're constant pessimistic attitude.

Unfortunately, it doesn't matter what we think. The SEC's clearly of the opinion that it is worth their time and hassle. Tomorrow is going to be ugly.

 

[gene]

Maybe I should have waited to tomorrow but I couldn't resist 100 shares at $286. I'll buy more tomorrow if it heads much lower.

 

[tivoboy]

Not the way I thought I’d get paid but I’ll take it. On a flight all day tomorrow. Options trading for Mar is going to be interesting.

 

[MXWing]

Let’s stop the speculation and cut right down to it:

1.) Does it is just take a judge to agree?

2.) What is the actual impact to
A.) Musk
B.) Tesla
C.) Shareholders

3.) Assuming negative, is it appealable?

 

[jerry33]

"Elsewhere"? I've looks all over to find someone, including all of the major tire outlets, to do an alignment, and no one wants to touch a Tesla. I'd welcome any advice about how to fine someone to do an alignment. The closest SC is over 100 miles away.

Either a place that specializes in race car tuning and suspension or a frame shop. Tire shops, car dealers, and $89 alignment shops are unlikely to be very good. Usually they have people who are juniors do the alignment because it's done by machine, and they don't have an understanding of what the alignment angle do and how they interact. Also, who knows when the last time their equipment was calibrated. There's nothing really special about alignment on a Tesla (other than the angles), but places that do alignment as an add-on service or do it for a low price don't want picky people and the subsequent hassle. Frame shops and race shops only have picky people as their customers. Don't be surprised if a real alignment costs $200-$300. You're paying for expertise.

 

[StarFoxisDown!]

Unfortunately, it doesn't matter what we think. The SEC's clearly of the opinion that it is worth their time and hassle. Tomorrow is going to be ugly.

Right......if the judge denies the SEC's request, they put their credibility in serious jeopardy and put themselves in a bad position going forward when it comes to trying to go after Elon...…….all for a tweet that corrected and was not actually material information. In the earnings call, Elon stated he thinks they will exceed their guidance for 2019.

Sorry but there's no way the SEC puts their reputation on the line for something like this unless they're in bed with Wall St or someone at the SEC has a personal vendetta against Elon(which would look even worse).

 

[generalenthu]

Tesla should just move its listing to TSE or DAX or even Hong Kong. Bunch of kooks / morons at the SEC.

 

[MikeC]

Is this related to Butswinkas leaving? It was the day after that tweet.

 

[kyzhk]

Let’s stop the speculation and cut right down to it:

1.) Does it is just take a judge to agree?

2.) What is the actual impact to
A.) Musk
B.) Tesla
C.) Shareholders

3.) Assuming negative, is it appealable?

Well, I think the key point here is that

EM was supposed to seek pre-approval before posting company related news? If they found that EM did not do so as agreed in the settlement thats all that their claim is based on.

So now, whats the worst case? Settlement conditions violated, so
1) Settlement revoked (do they get the 20M + 20M refund?), back to the original suit about the $420 tweet, and
2) Another case for violating settlement?

(This is a question, I don't know the answer.)

 

[sundaymorning]

Right......if the judge denies the SEC's request, they put their credibility in serious jeopardy and put themselves in a bad position going forward when it comes to trying to go after Elon...…….all for a tweet that corrected and was not actually material information. In the earnings call, Elon stated he thinks they will exceed their guidance for 2019.

Sorry but there's no way the SEC puts their reputation on the line for something like this unless their in bed with Wall St or someone at the SEC has a personal vendetta against Elon(which would look even worse).

I agree, the SEC are crooks. Elon just needs to stfu and let his lawyers handle it.