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

[anthonyj]

This seems crappy for Elon.

He can't discuss any new business lines? That's dumb. So he can't tweet about considering a leaf blower anymore?

He can, just has to ask his lawyer to review it. Of course he might slip and this will all happen again

 

[Tslynk67]

As much as I like EM...I think I hate Twitter in equal measure.

It’s actually a great platform for information when you use it correctly.

 

[Unpilot]

It’s actually a great platform for information when you use it correctly.

See my edit

 

[Zaxxon]

This seems crappy for Elon.

He can't discuss any new business lines? That's dumb. So he can't tweet about considering a leaf blower anymore?

Sustainable energy product. Already approved.

 

[Lift]

I find it odd that they don't clarify what the punishment would be if he breaks the rules again. Like for the first violation it was pretty bad, but the second violation is what...like $5?

 

[dww12]

So Elon won his argument.

• production numbers or sales or delivery numbers (whether actual, forecasted, or projected) that have not been previously published via pre-approved written communications issued by the Company (“Official Company Guidance”) or deviate from previously published Official Company Guidance;

This must really chap the SEC and baloon Elon’s head.

 

[Dutchie]

TSLA is not for anyone with less than a five year horizon, as many have said here..

That five year horizon is what I had last year when I bought @$293. It is now down to four years (I can - may be -squeeze another year)

 

[azaz]

That’s a fairly restrictive list of things Elon has to seek approval for. Doesn’t look like the SEC was negotiating from a position of weakness because they know how strong their case was with the 420 tweet.

Factchecking and other super bulls legal analysis fails once again.

 

[Buddyroe]

Whoever sold their 50 shares at $251, thank you. Can you now sell some at $245?

Thanks in advance.

Still thankful for that purchase? If so, I have a few hundred I'll sell you for $251. In fact, I'll sell them to you for $245. I'm a nice guy like that.

 

[Tslynk67]

So basically, the SEC has been forced to exhaustively define what they consider to be material, and this definition rules Elon’s contempt tweet as not in that category

 

[defc0n]

One thing to be mindful of is sell in May and go away. I think macros are particularly susceptible to that this year since they are just again reaching all time highs at the end of April, and some may be looking for a triple top.

However, Tesla has a very good chance of largely ignoring macros too as it hopefully rebounds off a huge drop.

 

[TheTalkingMule]

LOL......suck it SEC. Zero penalty.

 

[azaz]

So Elon won his argument.

• production numbers or sales or delivery numbers (whether actual, forecasted, or projected) that have not been previously published via pre-approved written communications issued by the Company (“Official Company Guidance”) or deviate from previously published Official Company Guidance;

This must really chap the SEC and baloon Elon’s head.

How? Wasn’t this their case? According to this Elon couldn’t have said 500k because it wasnt in any written communications only in the call.

 

[powertoold]

I guess Elon can still retweet insideev numbers? Since it's not his own tweet? Lol to this whole Twitter nonsense

 

[trailhound]

So Elon won his argument.

• production numbers or sales or delivery numbers (whether actual, forecasted, or projected) that have not been previously published via pre-approved written communications issued by the Company (“Official Company Guidance”) or deviate from previously published Official Company Guidance;

This must really chap the SEC and baloon Elon’s head.

let us hope that they both can keep their reasonable pants on and not have any more run ins. I hope we can get a string of GOOD news for a change.
I'm tired of being underwater.

 

[Bunky]

They have just defined what they consider to be material. If he wants to tweet any of this stuff it has to be pre-reviewed. I’m cool with this. It’s a resolution and decreases the chance of more bs twitter drama

 

[Tslynk67]

That’s a fairly restrictive list of things Elon has to seek approval for. Doesn’t look like the SEC was negotiating from a position of weakness because they know how strong their case was with the 420 tweet.

Factchecking and other super bulls legal analysis fails once again.

Sorry, but your logic doesn’t hold. The whole contempt argument was whether Elon’s tweet was material, but the original agreement formed too loose a definition. They have been forced to explicitly state what is material information. Plus they’ll be withdrawing their contempt case too.

 

[powertoold]

How? Wasn’t this their case? According to this Elon couldn’t have said 500k because it wasnt in any written communications only in the call.

This whole SEC and Twitter thing is nonsense.

In the agreement, it says that Elon can't deviate from published materials. Published materials can also include the earnings call, the recording of which is published on Tesla's website.

 

[saniflash]

New agreement has a bullet list of items that require pre-review by the lawyer.

• the Company’s financial condition, statements, or results, including earnings or guidance;
• potential or proposed mergers, acquisitions, dispositions, tender offers, or joint ventures;
• production numbers or sales or delivery numbers (whether actual, forecasted, or projected) that have not been previously published via pre-approved written communications issued by the Company (“Official Company Guidance”) or deviate from previously published Official Company Guidance;
• new or proposed business lines that are unrelated to then-existing business lines (presently includes vehicles, transportation, and sustainable energy products);
• projection, forecast, or estimate numbers regarding the Company’s business that have not been previously published in Official Company Guidance or deviate from previously published Official Company Guidance;
• events regarding the Company’s securities (including Musk’s acquisition or disposition of the Company’s securities), credit facilities, or financing or lending arrangements;
• nonpublic legal or regulatory findings or decisions;
• any event requiring the filing of a Form 8-K by the Company with the Securities and Exchange Commission, including:
• change in control; or
• a change in the Company’s directors; any principal executive officer, president, principal financial officer, principal accounting officer, principal operating officer, or any person performing similar functions, or any named executive officer; or
• such other topics as the Company or the majority of the independent members of its Board of Directors may request, if it or they believe pre-approval of communications regarding such additional topics would protect the interests of the Company’s shareholders; and

I seriously doubt he can zip it with so much red tape. More drama secured

 

[Tslynk67]

I guess Elon can still retweet insideev numbers? Since it's not his own tweet? Lol to this whole Twitter nonsense

I’m sure he has Tesla’s Twitter password, put it there first, then reTweet it.