I would only break even or make a little but I would support taking the company private. The comparison with Spacex is enough to convince me that public companies in the US cannot be long term solutions to our problems.
It will lose its strength pretty quickly, like all the other FUD. Not that they won't keep pushing it, but fairly quickly people will stop caring.
Scanning through the tweets I see little support for EM. The support comes mainly from the west coast tech/VC crowd, as you'd expect. Not seen a single "political backlash" tweet. Looks like the timing had to do with EM's lawyers rejecting settlement. It makes sense that SEC wanted to close the case quickly and settle. But the terms may have been too onerous for EM to agree to. The willingness to quickly settle also negates all the conspiracy theories (fossil fuel interests etc).
Great info. Thank you. What would be the basis for a criminal complaint against Elon from the DOJ? That would involve a much higher level of proof no doubt. There does not appear to have been any financial benefit to Elon from this. What angle would they be taking?
"First they ignore you, then they laugh at you, then they fight you, then you win." -Mahatma Gandhi Looks like we win.
How can you possibly state that without knowing the terms? The "settlement" may very well have included a ban from serving as CEO.
This isn't some sort of uncertainty - the SEC suit is unambiguous vis: "This case involves a series of false and misleading statements made by Elon Musk, the Chief Executive Officer of Tesla, Inc. (“Tesla”), on August 7, 2018, regarding taking Tesla, a publicly traded company, private."
Elon doesn't seem to be the type that settles when he doesn't believe he was in the wrong. Who knew what the settlement was, but this entire pedo thing has taught us is that Elon doesn't give up on what he believes in.
I agree with this. Tesla will be in the penalty box for a while, but nothing that several good financial quarters can't ultimately defeat.
I don't think so, if a ban as serving the CEO is part of the settlement, then there's no question that Elon will fight this. They made it seem like Elon has agreed to settle but retracted last minute, meaning a lawyer is telling him they can reach even a better outcome if they fight.