Earlier quoted context omitted.
It'd be funny but since he was born in South Africa he's disqualified from running.
He also doesn't want to be president.
Of the US.
Tesla Faces U.S. Criminal Probe Over Musk Statements
371–380 of 399 posts
Re: Tesla Faces U.S. Criminal Probe Over Musk Statements
#372Earlier quoted context omitted.
I would sell Tesla to a large conglomerate that actually understands car production, like Toyota or VW.
Understanding car production is less important then for EV then massive battery investment and knowlage, building a integrated brand, global charging infrastructure and so on. Toyota might be better at building profitable cars, but Tesla is better at building profitable EVs.
Which is part of what would make Tesla a valuable acquisition target.
Re: Tesla Faces U.S. Criminal Probe Over Musk Statements
#373Earlier quoted context omitted.
Sure it does short 20% of FB float it will sure move
I'm not so sure. What direction will it "sure move" if you short 20% of FB float? You have to borrow a stock to short it from someone, so the stock that you short is not actually sold just lent.
Hedge funds, which can turn huge sums into market swings often use this technique to drop the price, creating additional drops from panic sell offs, allowing them to make a margin on it from the bottom.
Re: Tesla Faces U.S. Criminal Probe Over Musk Statements
#374Earlier quoted context omitted.
I think he's out at the CEO of Tesla soon anyways. Regardless of this mess.
Why? He's succeeded against all odds in making a fantastic car, that's not in dispute, and they'll be profitable almost in q3 and definitely in q4.
Just making profitability is irrelevant if they can't pay back the enormous loans coming due over the next year.
(Also I don't think they'll be profitable)
Re: Tesla Faces U.S. Criminal Probe Over Musk Statements
#375Earlier quoted context omitted.
>> Imagine a prosecutor telling a jury that Elon funds a lavish lifestyle (with lots of details of the excess) with loans against his Tesla stock. Not going anywhere. Even if Tesla goes to zero, Musk still is a billionaire, 10 times over with SpaceX. https://en.wikipedia.org/wiki/SpaceX#Ownership,_funding_and_... It's not greed, he just hates that some don't bow to him.
Indeed, and to that end, the punishment could be that he is barred from serving as an executive or board member. I think that would be a far deeper punishment to him than if you took every penny of his.
It would sting, but I doubt he would find it that hard to start again in another country if he had to.
Re: Tesla Faces U.S. Criminal Probe Over Musk Statements
#376Another day, another excited slam piece headline against Tesla. Tesla's Nov 7 Earning Report must be good... In all seriousness, no idea what Elon was thinking with that Tweet. Gut says, long term Tesla will be fine and little will to come of this investigation.
I think the excitement in the negativity is because Musk behaves like a petulant manchild. I like Tesla and want them to succeed. I don't like Musk and don't want blowhards like him to succeed.
Re: Tesla Faces U.S. Criminal Probe Over Musk Statements
#377The 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…
>>Imagine Elon getting a 2 year ban on begin an executive in a company.
In the US.
I'm sure there are a lot of countries that would be more than happy to invite such a hardworking, ambitious and industrious man to set up company like SpaceX in their countries.
If you make these sort of things impossible in your country, they will just happen else where.
Re: Tesla Faces U.S. Criminal Probe Over Musk Statements
#378Earlier quoted context omitted.
I would sell Tesla to a large conglomerate that actually understands car production, like Toyota or VW.
Isn't there a good chance they'd just mothball the whole company and keep on making regular gasoline-engine cars?
It would be a lot cheaper, in that case, to not acquire Tesla and just let it collapse.
Re: Tesla Faces U.S. Criminal Probe Over Musk Statements
#379Earlier quoted context omitted.
Wow! I Googled and there it is: *"At the end of 2016, Musk had 11,420,723 shares pledged as collateral. At the end of 2015, it was "4,000,000 shares of which are pledged as collateral to secure certain personal indebtedness owed to Morgan Stanley."" https://www.inc.com/erik-sherman/1-reason-why-elon-musk-migh... His lifestyle isn't the big problem, IMO. He's not Johnny Depp, he's way richer. That money most be going…
Does that mean his debt increased by 7M shares? At ~250 a piece? Almost 2B$? Is that what he actually owes or is it more like a line-of-credit up to 2B$ He's burning money faster than Tesla!
There's a current tax dodge where high net worth people get pledged asset loans and spend that, because loan proceeds aren't taxable, but selling stock is. Selling stock in a company you're the CEO of also can be bad PR, but pledging it might be less bad.
OTOH, selling stock to redeem a pledge could be scrutinized for insider trading, and such a large amount could move the stock, so if I were loaning the money, I would require some large multiple of the loan in pledges -- enough so that I would expect not to have to call the pledge, because I know it will be a disaster if I do.
Re: Tesla Faces U.S. Criminal Probe Over Musk Statements
#380Earlier quoted context omitted.
technically it says you must be a 'natural born' us citizen. who the hell knows what that means. If we assume the framers were well-read and fans of shakespeare, this means that anyone born by caesarean section is disqualified from holding the highest office. They were wise enough to know that the dermal microbiome of c-section children is destabilizing creates individuals of temperament ill-suited for the role.
There's a pretty well-accepted interpretation of what it means. There have been presidential eligibility challenges: https://en.wikipedia.org/wiki/Natural-born-citizen_clause#El...
Well accepted is not the same thing as legally ruled.