101–110 of 399 posts
Personally, I think I would be much more confident in Tesla, and much more likely to buy a Tesla product, if he were not in charge.
The sad piece of karma in all of this is that Musk tweeted in an effort to destroy the shorts. His tweet turned out to: - give the shorts a big dip in his stock, - an investigation by the SEC - an investigation by the DOJ - the backing off of a deep pocketed investor in the Saudis - Him potentially being personally liable, which would mean having to step away from SpaceX and Tesla if he was found guilty of fraud. Thi…
Not to mention the lawsuit for calling that diver in Thailand a pedo. Right or wrong (the dude certainly seems not to be a pedo), Musk is the ceo of a currently near-failing company unable to produce and deliver cars as promised. And a defamation suit is what he's spending his time on? I'd be livid were I an employee.
There are a lot of things to respect about Musk. But he lied on twitter in a direct effort to cause financial harm to people shorting Tesla stock. You can't do that. He should go to jail.
This is a massive oversimplification. Musk may be in peril but this is not as cut-and-dried a case of fraud like you make it seem. Consider this recent comment from the SEC: “When you talk about fraud,” [Jina Choi of the SEC] answered, “you’re talking about a state of mind, you’re talking about mens rea. We call it scienter. You have to do something with intentionality. The idea of just making a misstatement doesn’t…
Optimism might justify a statement like "final stages of signing funding" or "almost closed the deal" or even "funding as good as secured" -- there might be ambiguity there. Not for "funding secured".
This is as close to textbook as you can get.
Imagine a private company with ballistic missiles and submarines... I was musing the other day that Elon Musk may be planning to run for president. Why? Well, if there's one thing that 2016 showed us, it's that the road to the White House runs through snubbing Wall Street, calling the press a bunch of boring liars, accusing your opponents of pedophilia, making bizarre incoherent tweet storms in the middle of the nigh…
Earlier quoted context omitted.
It’s important to note that Elon screwed over the “longs” (people holding TSLA stock) too, not just the shorts. Many people and funds bought more TSLA stock in the $350’s range on the assumption that of course the company could/would go private at $420/share. After all, hadn’t the CEO just said so?
Nope, he never said so. He used the word "considering" - to interpret that to mean it's a done deal is stupid, and all the risk you take is your own.
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Isn't it possible to set the short order at a max limit to cut your losses? (this shows how little I know about having a trading account)
Sell short and buy a corresponding (shares short / 100) number of call options at $420 strike (which, in theory, if Musk were telling the truth, should essentially be worthless but in practice will come with some amount of premium). That way you have a guaranteed exit at $420/share + option premium paid. You could reduce your option premium cost while slightly increasing your max loss if you went with $430 calls or w…
Imagine a private company with ballistic missiles and submarines... I was musing the other day that Elon Musk may be planning to run for president. Why? Well, if there's one thing that 2016 showed us, it's that the road to the White House runs through snubbing Wall Street, calling the press a bunch of boring liars, accusing your opponents of pedophilia, making bizarre incoherent tweet storms in the middle of the nigh…
Imagine a private company with ballistic missiles and submarines... I was musing the other day that Elon Musk may be planning to run for president. Why? Well, if there's one thing that 2016 showed us, it's that the road to the White House runs through snubbing Wall Street, calling the press a bunch of boring liars, accusing your opponents of pedophilia, making bizarre incoherent tweet storms in the middle of the nigh…
It'd be funny but since he was born in South Africa he's disqualified from running.
Earlier quoted context omitted.
He then went and taunted short sellers on Twitter when the stock went up in response to his tweet. Also I don't believe his intent matter for criminal liability in market manipulation.
> He then went and taunted short sellers on Twitter when the stock went up in response to his tweet. Source? I legitimately haven't seen this. > Also I don't believe his intent matter for criminal liability in market manipulation. I'm not saying it does. Where did I say it does? I don't understand why I keep getting this response.
https://markets.businessinsider.com/news/stocks/elon-musk-ma...