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dqd88
Member
Outstanding DOJ still an overhang. Hopefully stock doesn't open too high and Longs can get back in. Then mid Oct DOJ drops investigation and with CC ahead stock starts a long trajectory up.
My understanding was all tweets that relates directly or might relate to Tesla has to go through Tesla or some commitee first. So taking Tesla private is obviously one, cutting paint colors or adding paint colors also I suppose. But the pedo tweets can't see how they are related to Tesla or TSLA in any way, so unfortunately I think he's free to continue with those.
The mountain of cash already started flowing this quarter.
If you read the entire case from SEC, there's no intent of fraud or crime. The only thing you have to worry about is if Elon texted someone about burning shorts after he tweeted. If no such messages are found then they can't charge Elon for being reckless with his tweets.
I’ve been an advocate for a stronger board for some time, not a popular view here. But I also don’t want the government to impose it. How does the SEC have this power over a publicly owned company? Will we need governmental approval of the new directors? Will shareholders be able to vote on it?
Longs wouldn't have gotten out. People that got out weren't longs...
dqd88
Member
JRP3
Hyperactive Member
I was looking forward to Elon fighting this and winning, so I'm actually a bit disappointed. Guess I'll just have to console myself with the likely increase in stock price on Monday.
I like Kimball but I'm willing to be it won't be him. even he might qualify, it won't be an independent chairman.
and yes, they could use some big guns as chairman. let's hope they will pick the right person for the job.
I seem to recall that in the initial agreement the two independent directors were to be appointed by the SEC, which IMHO was a showstopper. I don't see any reference to that now. Perhaps that was negotiated away in exchange for an additional year of not a chairman (which to tell you the truth is a pain in the ass anyway)?
But it’s all good. Elon is still in charge, and can get back to concentrating on what he does best without distraction.
Thanks to all who are out there volunteering this weekend - hats off to you!
Thanks to all who are out there volunteering this weekend - hats off to you!
Maybe more shorts are piling in? Fidelity's website no longer show shares available to short and no hard to borrow fees.
Yeah me too and hence my confusion. I also wanted to buy a few extra shares at $260 on Monday as I'm cleaning the couch this weekend. The good/bad news is it seems that's not an option any longer...
It’s not in the settlement, it’s in the SEC press release. I was confused about that point also until someone posted a link to the press release.
Does anybody have a copy of the Tesla settlement agreement? We saw the Musk settlement agreement.
Looking into the settlement document there is a lot not clearly defined AFAI understand it. Lots of room for definition.
If there are no other addendum papers who precisely explain what independent or compliant a.o. means in that context Elon and the Board can design it kind of like they want.
Thats actually one of the parts that I like about it.
hahahah that would be so funny if it worked like that
NikeWings
Active Member
Likely already under discussion........the Latham team includes the former Assistant Attorney General in charge of the Criminal Division of the US Department of Justice.
Just to be clear the current settlement doesn't say that the SEC gets to appoint the two new independent board members.
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