BTW I know the fictional Bobby Axelrod is a criminal. It is just a funny GIF. No need for anyone to get their undies in a bunch.
Honestly, this is too much of a conspiracy theory to me. Hanlon's razor says, SEC wanted to make an example of Elon, especially after he pulled back from the settlement they were closer to agreeing on.
I doubt the low will be tomorrow, I plan to deposit some funds, should clear next week. Either its lower by then or already rebounded, I can live with either outcome.
Be careful, my friend, as there may be some institutions that have in their by laws that they can not hold stock when a company or it's CEO is under SEC investigation.......I am not a lawyer or a member of the SEC but maybe just back up half a truck tomorrow.
The disdain is obvious, the imputed intent may be criminal, I don't know. Saying it does not make it so, despite our admiration for Captain Picard.
We are nothing if we don’t have a moral compass and ethical values. All the money in the world can’t replace that. Regardless of whether Musk made a mistake with his Tweet that violated some technical rule, I firmly believe that his heart was in the right place and that he was trying to look out for his investors. I think about how Elon has risked everything—every penny he’s ever made, so many hours of sleep, his marriages, so much time with his boys—all for the betterment of humanity. I think about how, if his goal were to become rich, he could have stopped after Zip2 or PayPal. Or he could have stopped once it was clear that SpaceX was making tons of money. If his goal were fame—well, he’d already achieved that. If his goal were money or fame, or to take the easy way out, he would have sold his stake in Tesla or let someone else take the reigns. I think about how he gave that SpaceX interview in which he was visibly upset that the astronauts from the Apollo missions—his heroes—disagreed with what SpaceX was doing, yet he persevered and came out on the right side in the end. I think about the interview in which, faced with more adversity than any of us have likely ever experienced in our lifetimes, he vowed to never give up. I think about how a short work week for him is longer than any week I’ve worked in my entire mundane life. And I think about how he gives his all—to a degree that most if not all of us can’t even imagine—for what he believes. Today is an especially sad day for America in a sad era for America. And I say that as a military veteran who once pledged to give my life for this country that I love, but love less and less each day. I was glued to the radio as I worked today, listening to the politicized spectacle that our government has become, without regard for common sense. And it left me feeling sad and disappointed in our country. And embarrassed. And when the news about this SEC case came out today, I questioned further that the things that once made our country great, are now gone. The moral compass that led the Greatest Generation to fight tyranny and evil. The entrepreneurial spirit that led to the invention of the computer and the airplane. That pride that once came from “Made in the USA” and purchasing and supporting domestic products. The open arms that welcomed those from all corners of the earth to live in a country where freedom and fairness was valued above all else. I sit here, with a large portion of my life savings sitting in TSLA. And as I think about that, I think about what is right. And I come to only one conclusion. I’m all in and will remain so. I believe Elon will be cleared of having any fraudulent motives. I believe redemption will come. And I believe Tesla will continue to prosper. I believe this because my own moral compass tells me that Elon is ultimately not in the moral or ethical wrong here. To me, that is worth everything. Tesla may fall a bit further tomorrow morning, but I don’t believe it will last. The true and just result will prevail in the end. My only hope is that the people in this country will one day find their own moral compass again, whether in the Senate Judiciary Committee, the floor of Wall Street, or the halls of the SEC. All in. Balls of steel.
Go to their twitter page @WSJ and link to the story from there. You'll usually get access to their website for a day via their Twitter links. Cheers!
I wish they would of quoted a more balanced representation of TMC investors section. Really surprised they didn't include a @Mike117 quote.
Reported by the BBC no less. Since we know you’re reading this forum, journalists, is it too much to ask that you don’t make stuff up, and you understand what you’re writing about? That Herald-Whig article, for instance, completely misunderstood the WSJ article about the settlement offer and reported stuff that was just plainly false. Just be careful guys!
That time has passed. The WSJ.com wrote tonight: So there was a proposed settlement deal, and it was rejected on Thu morning by Elon. They want to go to trial. The SEC filed suit on Thu afternoon.
Just remember: Elon leaving Tesla is the short's penultimate dream. This is their end goal. This lawsuit reeks of desperation from the SEC being pressured to take a scapegoat from extremely powerful players. Per the SEC's own rulings, Twitter is a viable source for public disclosure. Per most English dictionaries, "secured" was perfectly valid with a verbal agreement or intent of agreement. Tesla is still on the cusp of huge revenue, if not solid profits., and still growing rapidly. It's time to sit back and enjoy the popcorn.
there is still a long, long way to go to trial. they will probably end up settling this within 2 years.