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He is a buyer, to "secure funds" you don't need to have signatures, basis promises are enough. SEC claims he had it neither.
The complain is built by some "Fifer"s, now Musk has to call a "big bad Wolf" to blow it up. But of course it will take time. A lot of time.
Probably not yet. Few more years at least
So SEC says it's important for a CEO not to lie, but look at the ****ing president. Damnit this country is messed up.
Analysis | President Trump has made 4,229 false or misleading claims in 558 days
Analysis | President Trump has made 4,229 false or misleading claims in 558 days
that there is a press conference seems to signal they are not going to be looking for a settlement here. Musk is in real trouble here.
If he were to be banned or worse, I hope the board elevates someone (Jerome?) from inside the company to CEO.
Mod: I never move on headlines, especially when investing. Isn't this a bit premature? Or are you just as careless to express an opinion about your state of mind, similar to Elon?
If he were to be banned or worse, I hope the board elevates someone (Jerome?) from inside the company to CEO.
Mod: I never move on headlines, especially when investing. Isn't this a bit premature? Or are you just as careless to express an opinion about your state of mind, similar to Elon?
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mutle
Member
Elon, I don't care how genius you are, go to prison for security fraud you ****ing idiot. Seriously, this whole story is going on my nerves. Stop tweeting bullshit on cocaine
Musk ... Please for the love of god delete your goddammed twitter account and STFU.
Anyone else want to chime in on what a great communicator and media manipulator Musk is ?
Sheesh .....
Anyone else want to chime in on what a great communicator and media manipulator Musk is ?
Sheesh .....
Thank you for linking the complaint. What I find most hilarious is that his comments caused TSLA to rise 6% and they act like that's a big deal. Part of the defense should be to look back and see how many days TSLA has risen by 6% in one day. There has got to be several dozen since IPO, if not hundreds.
They never even address in the complaint the falling stock price after the deal fell through. Who are they trying to protect? The shorts that were hurt with a 6% rise? Why do they not even mention the falling of the stock price from the ongoing uncertainty.
Anyway, I think Musk will get a slap on the wrist for not alerting Nasdaq and making statements that were exaggerated based on underlying facts. The coverup is worse than the crime, and he admitted honestly who he had / had not spoken to. I do believe his tweets were misleading but I do NOT believe they were false. Big difference there...
Regardless, I'm in TSLA for the long haul. Musk has created a behemoth that will not be easily taken down.
Fact Checking
Well-Known Member
BTW., if they said that in the press conference without hedging it with 'alleged' then Elon could possibly counter-sue the SEC for slander and defamation.
Put your erection away, troll.
Causalien
Prime 8 ball Oracle
Worst case is if SEC intends to drag this on. If conspiracy is correct and they are in league with their wall street gangs, this is the intended result.
From the banking crisis in 2008, we learned that until the case is settled, there's always an overhang on the stock price and present a ceiling. My guess is this puts a ceiling on stock price at $300 over the duration of the trial. Mainly due to "removal as an officer". We can safely assume that the trump administration is hostile towards Tesla/Greentech just as the obama administration was hostile towards banks and pharma. So the intend is to drag this out.
Mitigating factor is a better than expected delivery in Q3 and Q4 that forces tesla to be evaluated purely on its financials, but that is really uncertain as then the market will just apply a 20x PE value instead of all the future innovations. I'd be selling into those strengths.
All of this is Musk's own doing though. From the technical chart stand point, Tesla was doing well until his tweets caused the island reversal pattern. Hopefully He really learns some hubris this time. Like his ex wife said, he become king crazy sometimes from being at the top of silicon valley.
The best thing to do is settling this rally fast without being removed as the director. But knowing Elon's tendency to fight, he'll drag this on to get his version of truth out. But his truth might be a reality distorted version like Steve Job's is. The court of public opinion of plebians that is out for rich people's blood might say otherwise.
Possibly the board will have to appoint an interim CEO to take care of things while Musk gets distracted by the lawsuit. Either way it's not a good thing to have this distraction during the most important ramp. Possible CEO candidate to take care of affair, I'd say Kimbal is great as a figurehead. JB will have to stop indulging in batteries and step up as he has the most tenure at Tesla to make ppl listen or Maybe get Eric Schmidt to come out of retirement to handle things for a bit.
From the banking crisis in 2008, we learned that until the case is settled, there's always an overhang on the stock price and present a ceiling. My guess is this puts a ceiling on stock price at $300 over the duration of the trial. Mainly due to "removal as an officer". We can safely assume that the trump administration is hostile towards Tesla/Greentech just as the obama administration was hostile towards banks and pharma. So the intend is to drag this out.
Mitigating factor is a better than expected delivery in Q3 and Q4 that forces tesla to be evaluated purely on its financials, but that is really uncertain as then the market will just apply a 20x PE value instead of all the future innovations. I'd be selling into those strengths.
All of this is Musk's own doing though. From the technical chart stand point, Tesla was doing well until his tweets caused the island reversal pattern. Hopefully He really learns some hubris this time. Like his ex wife said, he become king crazy sometimes from being at the top of silicon valley.
The best thing to do is settling this rally fast without being removed as the director. But knowing Elon's tendency to fight, he'll drag this on to get his version of truth out. But his truth might be a reality distorted version like Steve Job's is. The court of public opinion of plebians that is out for rich people's blood might say otherwise.
Possibly the board will have to appoint an interim CEO to take care of things while Musk gets distracted by the lawsuit. Either way it's not a good thing to have this distraction during the most important ramp. Possible CEO candidate to take care of affair, I'd say Kimbal is great as a figurehead. JB will have to stop indulging in batteries and step up as he has the most tenure at Tesla to make ppl listen or Maybe get Eric Schmidt to come out of retirement to handle things for a bit.
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I don't think they object to that - "contingent only on a shareholder vote" is the problem, I suspect.
Fidelity has no shares for shorters.
JRP3
Hyperactive Member
If you're foolish enough to buy into the BS "case" the SEC is bringing that's your problem. Again, Elon did nothing wrong with those tweets, they are trying to railroad him.
How on Earth is this well known astroturfer who pretends to be a long and shows up whenever he thinks he can move the stock still not banned after all this time?
I would, but I'd have to sell TSLA to buy TSLA, which really wouldn't make much sense...Same here
Oh hey, there's troll Mike again. Mods, do your job.
On topic: awaiting Tesla's reaction. I think stalling this is in elon's and tesla's best interest. In 2 years, tesla will be unstoppable
On topic: awaiting Tesla's reaction. I think stalling this is in elon's and tesla's best interest. In 2 years, tesla will be unstoppable
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