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

[lklundin]

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

This is my problem with Elon Musk now:

When you are at odds with any branch of the government then you have to accept the fact, that in that situation the government has basically unlimited power over you and you have to play by the rules set out for that situation.

Specifically, if you feel that the actual disagreement is caused by an underlying systemic failure, then you _cannot_ expect to successfully address that underlying systemic failure during that actual disagreement, be it with humor or any other behaviour that can be deemed in violation of the rules that that branch of the government works under.

This is true, whether you are subjecting yourself to the TSA's security circus at the airport or in dealing with the SEC as a billionaire CEO.

It is a problem for Tesla and its investors if Elon Musk allows himself to be sanctioned for failing to understand this.

And as much as this can be deemed a witch hunt, I am not impressed that Elon Musk has allowed himself to provide this opening to his detractors - of which he of all knows that there are many.

So now I am going to consider buying more stock, while the prospect of selling soon wanes. :-(

PS. As for the "underlying systemic failure" the ideas of a class action lawsuit against the SEC sounds interesting.

 

[sparcs]

in the back of my mind, I knew some of Elon's previous comments about the SEC were going to come back and bite him. What a headache at a time when Tesla is making real progress.

They need a real monitoring program at Tesla. He's risking his participation in Tesla for a stupid twitter account.

 

[bhtooefr]

Well, the US government only has effectively unlimited power over him within the US.

Hence my idea that Tesla may relocate headquarters and legal incorporation to China, a more friendly country to Tesla at this point.

 

[TheTalkingMule]

Positioning yourself against the corrupt SEC can do nothing but wonders for your public image. Every stab at theses clowns should be cheered by investors.

 

[Right_Said_Fred]

So Elon is doubling down (again) against the SEC this morning. We've seen how doubling (and tripling) down has worked for him in his previous battles (pedo tweet, SEC smackdown #1). I see this guy doesn't learn from the past.

Elon and Tesla will be in the news again, all over the world. Many think this is a negative thing, but it is not. Tesla is at the forefront of people's minds. The whole world wants to drive a Tesla. Not despite of all the publicity around his tweets but because of it.

 

[AndyH]

If and hopefully when a judge throws this SEC-nonsense out. It will be such a monumental victory for Tesla and it will feel so good. I won't be able to contain myself.

So good!

 

[traxila]

Look at the bright side: You might lose that entire "investment" but, if you had chosen to sell puts, you could have lost a lot more than your "investment".i

Yeah, still sitting on the puts I sold post funding secured tweet. So no, despite all my love for Elon he is just not helping me financially. Think I have company.

 

[brian45011]

Tomorrow morning on CNBC, gene munster and Gordon Johnson will excoriate Elon musk and demand he be removed as...well, Elon doesn’t have a title, so....?

Cramer, the clown, beat Munster and Johnson before market open.

 

[Sweft]

For anyone who is thinking about loading the bus with TSLA, please don't risk more than you can afford to lose! If you truly think that this stock is worth $2,500 or even $4,000, consider waiting until this stock comes back to $300. Too much risk on the table IMO.

 

[PaulusdB]

Well, the US government only has effectively unlimited power over him within the US.

Hence my idea that Tesla may relocate headquarters and legal incorporation to China, a more friendly country to Tesla at this point.

Some of you may have noticed that substantial parts of Tesla's (international) corporate activities involve Dutch legal entities. Tesla European HQ is in Amsterdam. Logistics are fine in the nether regions (Netherlands plus Belgium, Luxembourg). Germany is a friendly neighbour, France too. The tax system is superb, the legal system is top notch, the government reliable.Tesla knows all this first hand.

The Amsterdam Stock Exchange would be more than happy to list Tesla. Trading hours would require a little more effort for US shareholders, but the holidays are less in number. Calendars & Hours | Euronext

Thank you very much for this opportunity, SEC.

 

[bhtooefr]

My only concern with Tesla relocating to Europe is entrenched interests.

However, the Netherlands won't have that much - it'd basically be, what, VDL and DAF (subsidiary of PACCAR) as the main entrenched interests that could be in opposition to Tesla, as well as some oil interests (although Shell is certainly trying to clean their image).

Belgium would be a problem (lots of VAG), Germany would be a huge problem (VAG, BMW, Daimler-Benz), and France would also be a problem (PSA and Renault).

Edit: ...I forgot FCA, which is officially a Dutch company. FCA would very much count as entrenched interests in opposition to Tesla.

 

[shlokavica22]

For anyone who is thinking about loading the bus with TSLA, please don't risk more than you can afford to lose! If you truly think that this stock is worth $2,500 or even $4,000, consider waiting until this stock comes back to $300. Too much risk on the table IMO.

Not everyone is a patient. One afternoon can be a long time when you are bored.

 

[UncaNed]

Sadly, this event illustrates why the kind of new, serious businesses our country really needs might not want to consider starting in the US in the first place, and why new businesses should avoid going public at all costs, all to the detriment of the US economy and potential US investors.

 

[shlokavica22]

Macro related - Powell is speaking today:

9:45 a.m.
Testimony -- Chair Jerome H. Powell
Semiannual Monetary Policy Report to the Congress
Before the Committee on Banking, Housing, and Urban Affairs, U.S. Senate​

 

[trentbridge]

Not everyone is a patient. One afternoon can be a long time when you are bored.

I could argue that this SEC tantrum is enough for Elon to begin reviving his plan to take Tesla private with more vigor. The outlook for interest rates is stable in the short run and Tesla becomes a less risky investment by the day. The shorts may wake up with a "funding secured" event that isn't premature.. Just my opinion - I have no inside knowledge..

 

[Barklikeadog]

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Were you part of the crowd arguing the definition of 'funding secured'? How did that turn out?

 

[dw4ngg]

Here's Tesla's lawyer's response to the SEC's voluntary request for information: Dropbox - 1-18-cv-08865-AJN - Simplify your life

From this, that @KarenRei found: Dropbox - 1-18-cv-08865-AJN - Simplify your life

So much for the confidentiality request lol at SEC leaking sh**

 

[SO16]

So Elon is doubling down (again) against the SEC this morning. We've seen how doubling (and tripling) down has worked for him in his previous battles (pedo tweet, SEC smackdown #1). I see this guy doesn't learn from the past.

I guess giving up right away works for some.

 

[SO16]

Were you part of the crowd arguing the definition of 'funding secured'? How did that turn out?

I guess rolling over is what some do. Sometimes fixing a blatantly large problem takes guts and sacrifice. But in the end, it could work out really well....or not.

Will be interesting to see where we are a decade from now.

 

[Antonio Wooman]

I now have this vision that KarenRei and Fact Checking are sitting across from each other's desk in their home office...