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

[Sancho]

If I was the judge I'd fine Elon for being in contempt, but not too much for this first, fairly insignificant offense. The main point the judge will want to make to Elon is that whenever he doesn't have a tweet pre-approved by the plan the company has put in place, he puts himself at risk of penalty for contempt.

 

[EVNow]

I guess this ship has sailed long time ago. The problem with institutions like the SEC is that they tend to think so highly of themselves that they get really upset if they are challenged. Their institutional setup is not likely to let them take a step back and say “yea he’s got a point”...

So, whats the point with confrontation ?

BTW, anyone whos who the judge is and his judgement on previous similar cases ?

 

[SebastianR]

lawyers quit all the time when their clients don't listen to them

That’s correct. Or they quit if their client wants something different than they think is best etc. but that’s not what was said in the post I quoted.

 

[mickificki]

No, I think if there’s any penalty at all, Elon takes Tesla private. I think this will be the final straw.

FFS I selfishly hope he doesn’t take Tesla private. Tsla and Tesla will be fine.

 

[EVNow]

über bulls like Karen and fact checking were the same people saying Elon didn't violate the law with the 420 tweet either lol

I don't think anyone ruled on that case.

 

[Navin]

Would be awesome if Elon could get banned from Twitter. Stock would sky rocket

 

[Artful Dodger]

I am imagining a headline:

SHORTSVILLE TIMES: SEC forces profitable and growing company into bankruptcy for statement that has no effect on market.

It'll be alreight. They canne touch Tesla. That ship's sailed.

Cheers!

 

[SebastianR]

So, whats the point with confrontation ?

Honestly, no idea. But Elon was bullied earlier in life and seems to have an intense sense for what is “fair”. Also, we are all likely only seeing a fraction of what is going on. So who knows...

But I certainly didn’t need this episode as it is yet another distraction from the Tesla mission...

 

[Singuy]

Would be awesome if Elon could get banned from Twitter. Stock would sky rocket

Elon should consider quitting if SEC is going to be such a bitch about everything he writes.

 

[Artful Dodger]

Was that CEO Bruce Wayne?

Henry Ford, when he took his company private in 1919, at the expense of the Dodge Bros.

 

[Krugerrand]

You could be right. He may have resumed serious consideration of privatization after the initial negative reactions to his February 19 tweets. Then his continuing the debate tonight makes one wonder how far such plans might have been advanced. Perhaps Larry Ellison was made a director because he might help with privatization. According to Wikipedia, Larry's personal worth is more than the current market cap of Tesla.

I know Elon doesn’t ever give up, but there’s more than one way to skin a cat (so they say, I don’t know anything about that - I love cats).

He’s aware of the manipulation going on, the entities that want to see Tesla die, the lies, the deceit, along with his repeated comments about disliking the whole public company thing and finally his first take Tesla private attempt.

I don’t know what the final straw would be, but I’ve got to think if this results in another ‘punishment’... Tesla is postioned now to not need WS money. Seems the timing would be about as good as it could get.

 

[CuriousSunbird]

Tesla's point is, which I share, is that there was no "non-compliance". The clarification tweet was simply trying to make sure that the first tweet is understood as the non-material information it was intended to be.

Yes, I think that summarizes the argument. Will be interesting to see which the judge prefers.

 

[bhtooefr]

I wonder, at this point, if it starts to make sense not to go private - SEC still has some ways to screw with private companies - but to transfer all of Tesla, Inc.'s assets to Tesla Shanghai Co. Ltd., and instead list on the Shanghai Stock Exchange.

 

[Curt Renz]

I wonder, at this point, if it starts to make sense not to go private - SEC still has some ways to screw with private companies - but to transfer all of Tesla, Inc.'s assets to Tesla Shanghai Co. Ltd., and instead list on the Shanghai Stock Exchange.

Interesting. Or perhaps rather than the Saudis, the Chinese could be the ones to help take Tesla private.

 

[Krugerrand]

So, whats the point with confrontation ?

BTW, anyone whos who the judge is and his judgement on previous similar cases ?

What’s the point of starting an EV manufacturer when there hasn’t been a successful new OEM in decades and you can’t make money on EVs and they take too long to charge and, and, and? Because somebody had to before we fry ourselves to a crisp.

Because if somebody doesn’t stand up to the robber barons of the world then they get to screw us any time they like. The SEC is run by human beings that have gotten too big for their britches. They are not all-knowing and all-powerful. They even make *gasp* mistakes.

 

[azaz]

I don't think anyone ruled on that case.

here we go with this nonsense again. Elon went through 3 lawyers on that one, each one told him to settle. Elon actually settled and then ended up taking a worse settlement where the fine was doubled. more than 90% of legal commentators said it was an open and shut case.

 

[Remus]

Interesting. Or perhaps rather than the Saudis, the Chinese could be the ones to help take Tesla private.

Elon didn't plan to build a factory in China due to the force joint venture requirement. You think he would be OK for Chinese to take Tesla private?

 

[EVNow]

here we go with this nonsense again. Elon went through 3 lawyers on that one, each one told him to settle. Elon actually settled and then ended up taking a worse settlement where the fine was doubled. more than 90% of legal commentators said it was an open and shut case.

Only nonsense is something about 90% that you wrote.

 

[Krugerrand]

FFS I selfishly hope he doesn’t take Tesla private. Tsla and Tesla will be fine.

Will they? TSLA has been broken for a long time and continues to be manipulated by brazen crooks despite Tesla fulfilling all expectations and more.

People have been saying here for YEARS how this too shall pass only to have the next thing and the next thing and the next thing disrupt the SP. It’s no longer been a short term disruption but now into medium term disruption about to become long term disruption.

 

[dw4ngg]

I wonder, at this point, if it starts to make sense not to go private - SEC still has some ways to screw with private companies - but to transfer all of Tesla, Inc.'s assets to Tesla Shanghai Co. Ltd., and instead list on the Shanghai Stock Exchange.

Let’s do it!! 304(a) stock txn!!