Please tweet the SEC, there’s a lot of support for Elon and Tesla so far, but we need as much as we can get. Click on the link and tweet away.
Love what you said. Sometimes, I feel Elon resembles the Leeloo character in the movie "The fifth element", he wants to save human being and the earth, though the greed and hates of human being disappoints him from time to time, but he still does not lose faith in humanity. Let's show more love and support to Elon, as love is the fifth element. All in Tesla!
People laugh, but when Henry Ford announced his retirement and put his son Edsel in as CEO, F tanked and ol'Henry bought up all the shares for pennies on the dollar. Then he took Ford private on the cheeeap. Ford didn't return as a public company for decades. And Elon frequently refers to Ford and Tesla as the only 2 auto companies not to go bankrupt in the last 100 years. Jus' sayin'. He could play rough, take his fooze ball and go home. This is not a new opinion, I considered this possibility before I took my first equity stake in TSLA.
Original source for "BOD Stands Behind Elon". The Latest: Tesla, directors indicate they stand behind Musk
Good idea! Let's organize a Million-Tesla March on Washington. There's 200K Tesla cars in the USA as of July, 5 seats per car is a million Elon supporters. And 22K more Cars being added to the fleet each month. Let's roll on the Capitol, and create the biggest demonstration in the history of Washington. ( then we'll use autopilot to send them all to Rhode Island )
If you read the complaint, it's not about "funding secured". It's about "420". The Sec is making a case that Elon didn't talk to his Funding about the 420 price. Sec, however, detailed that the Funding have told Elon that he can take Tesla private within a reasonable amount. Because Elon didn't discuss with Funding about the 420, and he just assumed that it's an reasonable amount...that makes his tweet "misleading" or "false".
No, after hours trading does not trigger the rule. If the SP opens 9:30am est down 10% or more from Thursdays close, then the rule will be in effect until market close Monday.
It's about both. You can't secure funding in an unknown amount. To claim secured, Elon would have had to discuss the amount, among various other terms and specifications. The complaint makes this clear.
So it's about funding secured for 420/share? Any real difference? The main point is that the "considering" statement has no relevance.
Thanks for this! I did my part. Also, I’m up for a march on Washington; I’m always looking for a good reason to make a road trip.
Everything is relevant. "Considering" makes the taking private not certain. Funding secured is a true statement, 420 is debatable. He had a blank check, so funding secured..can he write a check for 420?..that's debatable. Elon thought this is an "reasonable" amount per instructions from Funding. Since he thought he can, then there's no intent to defraud. There's more standing on the "only thing not certain is contingent on shareholders vote". This is way more misleading than his original quote. Of course there are plenty of ways to fight that as well. Elon is a shareholder, he did talk to shareholders. Everyone at the end including himself thought against the idea so the statement he made was certainly true. The misleading part is that perhaps people assumed everyone would agree to the idea so the only thing keeping this from happening is some paperwork.
I'd argue that not only can they not put the entire run up on Elon, that the continued run up was at least partially a continuation of more people getting the Saudi news - it had already restarted the climb before the tweet came out, IIRC. So they can't even claim that everything after the 4.7% was on Elon. And that high didn't last very long, it was falling like a rock again in about 2 days and the fall continued for almost a week after that.
He has the right to consider whatever he wants. He doesn't have the right to make misleading statements. Compare Trump saying that he's considering military action against Iran vs him saying that the Congress is backing him on this. Using the term "considering" here wouldn't justify the false claim about the congress. And yes, I know that Trump indeed does say misleading things and it's just too bad that he isn't held responsible for them.