TSLA Market Action: 2018 Investor Roundtable

[UncaNed]

Odd how all the FUD purveyors know about this instantly...

 

[Ludalicious]

News just on Closing bell. Live right now. FML

 

[Xpert]

SEC Sued Elon not Tesla right?

 

[mongo]

Odd how all the FUD purveyors know about this instantly...

From the link:

More information is available on the Bloomberg Terminal.

 

[mutle]

Is it just me or does it seem incredibly irresponsible to rush out a headline to later update with details? Also releasing first to subscribers to your terminal service. The whole of Wall Street is incredibly shady.

 

[AWDtsla]

Even if this was true, why would they "sue", surely they'd "fine"?

As far as I can tell, and SEC lawsuit is a fine. Pay the settlement fee and it goes away.

 

[Fact Checking]

Even if this was true, why would they "sue", surely they'd "fine"?

Because they have no case - but by suing they create a lengthy legal process and uncertainty.

 

[Sudre]

Isn’t it amazing how this was already called out by many here. Strange how the SEC wasn’t interested in mentioning this before when the price was low this week. It just happened to hit the press right when the price went up above $300. I am just so surprised.

 

[Ludalicious]

SEC Sued Elon not Tesla right?

No. It mentions Telsa also!

Edit: Does not mention Tesla from what I see

 

[HopJokey]

Full case filing here:

PacerMonitor Document View - 1:18-cv-08865 - United States Securities and Exchange Commission v. Musk, Docket Item 1

 

[Joe F]

Odd how all the FUD purveyors know about this instantly...

I'm not one, but am watching the reporting of the action live, on CNBC.

 

[Wooloomooloo]

Is it just me or does it seem incredibly irresponsible to rush out a headline to later update with details? Also releasing first to subscribers to your terminal service. The whole of Wall Street is incredibly shady.

It's pretty typical for Bloomberg... there is a reason people still have their terminals on their trading desks - the news wire is still literally that. It takes a while for internet sites to be updated.

 

[Drax7]

How many times do we have to relive this story.

 

[RobStark]

On this note, since they're special order direct from the manufacturer, I'm wondering how that works in the no-direct-sales states in the US.

You special order from a dealership.

 

[mutle]

Investors reacted to Musk’s August 7 tweets. From the time of Musk’s first tweet that day until the close of trading on August 7, Tesla’s stock price increased by more than 6% on significantly increased volume and closed up 10.98% from the previous day.

This is false and does not mention the Saudi Fund news that lead to most of the rise before the Tweet.

 

[Wooloomooloo]

How many times do we have to relive this story.

At least 37 times... 38 if one of them gets tagged with 'disagree'

 

[Open Interest]

SEC Sued Elon not Tesla right?

Both

 

[Ludalicious]

Down again. 288.....

 

[MarcusMaximus]

Probably the most important part:

"The Commission brings this action against Musk pursuant to Section 21(d) of the Exchange Act [15 U.S.C. § 78u(d)] to enjoin the transactions, acts, practices, and courses of business alleged in this Complaint and to seek orders of disgorgement, along with prejudgment interest, civil penalties, and an officer and director bar against Musk, and such further relief as the Court may deem appropriate."

 

[Open Interest]

Looking forward to a robust TSLA response.