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Tesla, TSLA & the Investment World: the Perpetual Investors' Roundtable
- Thread starter AudubonB
- Start date
The 420 private lawsuit? I’m surprised they are allowed to even go forward on that as Musk and Tesla settled with the SEC over the matter. Where’s the double jeopardy?
Just got called by a Tesla sales rep.
I did a test drive years ago (before 2016, I guess) and told them at that time that I was just a shareholder and would not need a car. A cheap bicycle is enough when you live in the inner city of a European megalopolis.
I did a test drive years ago (before 2016, I guess) and told them at that time that I was just a shareholder and would not need a car. A cheap bicycle is enough when you live in the inner city of a European megalopolis.
Mostly it's the dips that are selling.
Shortsellers weren't covered by the SEC settlement. Just like VW can be sued by customers, shareholders and the SEC separately.
TheTalkingMule
Distributed Energy Enthusiast
If WTI dips any lower I'm hitching a trough to the Jeep and driving to Texas for a few $5 barrels of oil.
And, isn't Elon prohibited, as part of the settlement with the SEC, from discussing the matter. Isn't he expressly prohibited from saying that he DID have the funding to proceed? How is he supposed to defend himself if the SEC settlement prohibits him???
ThisStockGood
Still cruising my Model S 70 2015
https://seekingalpha.com/article/43...ironment?source=marketwatch&mod=mw_quote_news
Another Tesla short kind of guy is praising Polestar and ICE brands... we’ll see...
Another Tesla short kind of guy is praising Polestar and ICE brands... we’ll see...
Pezpunk
Active Member
double jeopardy applies to criminal prosecution, not civil lawsuits.
ByeByeJohnny
Active Member
Imagine VW being sued by one carowner and settling for $1. Then nobody else can sue.
Actually I'm sure there are lobbyists working on this already.
He can say whatever he wants when defending himself against a lawsuit, it's an exeption.And, isn't Elon prohibited, as part of the settlement with the SEC, from discussing the matter. Isn't he expressly prohibited from saying that he DID have the funding to proceed? How is he supposed to defend himself if the SEC settlement prohibits him???
If Elon is innocent this might be a big motivation for him not to settle and prove his innocence. At that point I would think he will be able to say that a court of law found him innocent from the sec accusations. If he wins it would be a huge embarrassement for the sec that made both tesla and elon pay 20 mil while damaging investors by hurting the stock.
If he loses it means the sec and shortsellers were right. I don't think he has much reason to settle unless he thinks he has little chance to win. He didn't even settle the pedo guy lawsuit.
Mo City
Active Member
WTI is at $7.76, falling from 20 on Thursday. That is crazy.
No effect on TSLA.
No effect on TSLA.
Causalien
Prime 8 ball Oracle
And, isn't Elon prohibited, as part of the settlement with the SEC, from discussing the matter. Isn't he expressly prohibited from saying that he DID have the funding to proceed? How is he supposed to defend himself if the SEC settlement prohibits him???
How is that lawsuit going forward if current stock price is $700? Isn't the simple argument just :"Look at the open general market right now. It is proof that even a dumbass will pay $420 for TSLA stock"
Anyone who sold/covered etc. after that can claim losses. I'd think that the success that came later makes the overall case weaker, but some folks definitely have losses. Not saying that they should or will win their case of course.
He lost money from it more then anything.
MTL_HABS1909
Active Member
Actually, he ended up making money. If you recall, Tesla was also fined and in order to pay it off, Elon bought new shares issued by Tesla. Since then, the stock has nearly tripled, so in the end the joke is on the SEC.
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JRP3
Hyperactive Member
Interesting interview with Peter Rawlinson, former Model S engineer and current head of Lucid:
Interview With Peter Rawlinson, Lucid Motors CEO and CTO - MotorTrend
Interview With Peter Rawlinson, Lucid Motors CEO and CTO - MotorTrend
“The Model S was a good first shot. But that hatch hurt the rigidity too much. I'm fixing all the mistakes I made with it," he said.
Funny. That’s what many people state they miss about the Model 3 vs the S and has since been added to the Y. I know I like the hatch for the S.
This was like the #1 complaint about the 3 - no hatch.
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