This is my speculation: SEC is under pressure from the shorts to do something. Elon and his lawyers insist he did nothing wrong. So SEC decided to go to the court. I will continue to save cash for the next buying opportunity.
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Anstandswauwau
Member
This whole BS is 100% on Elon and Elon alone – so please, can we stop spinning this case into some sort of tinfoil hat conspiracy?
Thank you.
Thank you.
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... because Oil&Gas, the carcinogenic and global warming inducing companies, stands to loose trillions of dollars.
So, what happens next and over what kind of timeframe might this play out?
bhtooefr
Active Member
I think we have officially ran out of negative black swan events? I'll be getting a lot of dry powder very soon......
Sudre
Active Member
I think the best we can do is start calling Trump and Congress and have the person at the SEC who started this removed. That can really only happen after the case is closed. Twitter is Musk's way to communicate with shareholder. Now we have to let the case play out and see if his tweets were out right lies. If they were not I am calling my congressmen since at that point it's nothing but the SEC manipulating TSLA.
We don't know what information the SEC has. It must be damning because I have never heard of a CEO getting removed/barred for making a public announcement about wanting to take their company private. Shareholders are supposed to be informed of that info. Everyone is going to conclude that the SEC has serious info that is not public.
Even if the worst were to happen and Elon does get the boot, not sure it would matter much. Tesla is pretty self sufficient now.
humbaba
sleeping until $7000
If this were a movie that filing would be hilarious:
"This calculation resulted in a price of $419, and Musk stated that he rounded the price up to $420 because he had recently learned about the number’s significance in marijuana culture"
"This calculation resulted in a price of $419, and Musk stated that he rounded the price up to $420 because he had recently learned about the number’s significance in marijuana culture"
Ludalicious
Active Member
I love how CNBC trashes musk for 30 minutes then starts promoting Porsche
I sold 5 shares at $289 and bought them right back at $275. I have some dry power lined up if this continues to go down.
It will only take 1 tweet from Elon saying he is innocent and the share price will shoot back up. This is a gray area and the fact that funding was secured eventually will help.
humbaba
sleeping until $7000
I don't know that I'll be selling to buy back, but I'm planning on buying more shares. We'll see how the stock moves during hours tomorrow.
No, just that you're focusing on minutiae, relative to the big story here.
In fact, I am a fan of the product.
I don't know -- I feel like the SEC's point is that at the time of the tweet, nothing had in fact been secured. It's certainly impressive that he scrounged up $30b in two weeks following, but I feel like they make a solid case for nothing actually being secured at the time of the tweets and that Elon knew this.
Where do you see that?
Xenius
Active Member
I've noticed certain people come out of the woodwork, but only on "bad news".
Any way to ask the FBI to investigate the SEC to see if someone there stands to gain by helping block the shorts from taking it in the teeth?
I hope Elon doesn't say anything.
This is all self-inflicted. Unbelievable.
Wow the conspiracy theorists here are at an all time high. SEC's just doing their job.
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