except he is turning the dream into a nightmareHIS dream? umm....it's mine too...to see the world transition to sustainable energy/production ASAP.....hopefully it's yours as well.
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I doubt the SEC will act out of pique - they will ignore this and carry on.
MTL_HABS1909
Active Member
The extreme hypocrisy on this board baffles me! 95% of the people on this board wanted Elon to fight the SEC and said they were helping shorts. If you can’t handle Elon saying what ALL of us were thinking, get out.
Under $200 is very clearly a steal. The growth rate might slow down a bit without Musk, but they're going to work out the Model 3 delivery problems, keep ramping up production, and get the Semi going. Jerome Guillen will make sure of that, and is probably better at straightening out the management issues at Tesla than Musk is.
Frankly I think anything under $300 is a steal at this point, now that Model 3 is in mass production and mass delivery... and none of the "competitors" are.
Interesting that he timed it to be shortly after market close. It's either coincidental good timing, or he's learned "don't tweet anything inflammatory during market hours".
I hope you're right, Sunbird. I don't tend to trust your opinion, though.
The nightmare is showing progress with results (data) and the public ignoring it.
FirebirdAlpha
Banned
What?
No one cares if the tweet is "in the agreement" or not. Taunting regulators is always stupid.
Do you taunt police officers when they pull you over? Do you taunt the IRS when paying taxes?
The SEC can create hell for any public company.
Why on Earth would anyone ever think it's a good idea to taunt them?
The SEC doesn't need a reason to audit and investigate.
All it takes is one pissed off manager and the number of investigators on the Tesla case is doubled.
If Tesla really were profitable and cash flow positive, the short-term stock price would not matter and long-term it would go up. Musk himself said the stock is volatile, and if you don't like it, don't invest. It has to be something more.
Reportedly, he was prepared to resign last Thursday. Maybe that IS what's happening here???
Can you just imagine how you would feel right now if you worked for Tesla? They have spent the last quarter busting their tails to get production numbers met .... and many of those have options ..... how big do you feel Elon ? Hope that tweet made you feel like a Man as many people lost a lot since you decided to be such a big shot on twitter the last few months. It's inexcusable ..... I'm so pissed right now.
Fighting the SEC by engaging in a long, drawn-out court case which goes to a jury a year from now when Tesla is blatantly successful -- fine. Tweeting childish taunts -- dumb.
its funny Elon tells his employees to ignore the noise and focus on execution meanwhile he's being more irresponsible than any of them
X Fan
Active Member
That is sad until you realize entrepreneurs such as Elon live to work.
Then again, 47 is an insignificant birthday.
At 50, 60, 75 he should party hard.
EVNow
Well-Known Member
Oh … never a dull moment.
But I've to say - he is basically saying what a lot of people have been saying on this forum about SEC case. The tweet was worth about $10. Anyway, I thought the SP was headed down towards 260s again … so, here we are.
They already have. D & O ban for tweeting something slightly misleading that had no material effect on the stock (upwards anyway, which is their case). That was way overkill...
But at this point he's digging his own grave...
and then the stock price goes down because of manipulation? Yeah, I would be ****ing pissed as well and would agree with Elon....
Hell, in his position, I'd resign. Remember, he already said:
Quoted in the NYT hit piece where they surrounded Musk's interview with hit-piece material.
At this point, with the worst problems resolved, Jerome Guillen probably can do a better job. Give him the reins and give Musk a vacation.
Tesla's weakness in lawyers is also an issue. They should be able to nail the reporter who spread the false headline about Tesla "missing" projections, but they don't have any lawyers competent enough to file the lawsuit. Musk's divorce lawyer remains a *bad* choice for Tesla's chief in-house legal counsel.
The SEC is no ones friend and by definition is everyone's "enemy". They never reward you for doing the right thing, just fine you for doing the wrong thing. Technically everyone is the SEC's "enemy". Elon lashing out doesn't change the relationship between the SEC and Tesla, just potentially change his relationship between himself and shareholder's trust.
You should think about the opinion rather than just taking a view based on the source (and not just in this case). Is an SEC bureaucrat really going to tell his boss "we should change this agreed settlement because Musk was rude to us in a tweet".
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