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SEC Sues Musk and Seeks Ban for His Tweets on Go-Private Deal

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Re: SEC Sues Musk and Seeks Ban for His Tweets on Go-Private Deal

#31

Post by drawkbox »

ivraatiems wrote: post #15

A short while ago (per my comment history), I asked whether Elon Musk should remain as CEO of Tesla. I think, for my part, the answer is clearly no. He might be brilliant, he has undeniably had a hand in creating something awesome with Tesla and SpaceX's technology, but he's now a danger to the very thing he helped build. This is just one of the lawsuits filed against him or Tesla in recent weeks that have him as the…

If Elon Musk is removed as CEO at Tesla, Tesla is over.

I find it curious that an innovative American company pushing to help our carbon problem by going electric is so lambasted, shorted, constantly under attack. It cannot be argued that Tesla pushed forward both electric cars and self-driving vehicles as a major force (original self-driving push was a DoD X-Prize)

Personally I like when American companies succeed and push innovation forward. I would have zero hope of that happening if they bring in some generic C level executive like back in the day at Apple when they ousted Steve Jobs and brought in John Sculley.

Re: SEC Sues Musk and Seeks Ban for His Tweets on Go-Private Deal

#32

Post by andreygrehov »

> “In truth and in fact, Musk had not even discussed, much less confirmed, key deal terms, including price, with any potential funding source,”

Interesting. How do they know? Did someone from SEC called Musk and he said: "Nah, we're just in talks with investors, nothing lined up yet".

Re: SEC Sues Musk and Seeks Ban for His Tweets on Go-Private Deal

#33

Post by notyourday »

chollida1 wrote: post #6

This comment I made a few weeks ago is coming alot closer to the truth than I would have expected. I hope for Space X and Tesla's sake that the reports of a directory and Executive ban don't come true. https://news.ycombinator.com/item?id=18016250#18016292 SpaceX is doing well, Tesla has pulled itself back from the brink and may actually become a profitable car company. All Elon had to do was keep his head down and n…

[flagged]

Re: SEC Sues Musk and Seeks Ban for His Tweets on Go-Private Deal

#34

Post by arawde »

drawkbox wrote: post #31
ivraatiems wrote: post #15

A short while ago (per my comment history), I asked whether Elon Musk should remain as CEO of Tesla. I think, for my part, the answer is clearly no. He might be brilliant, he has undeniably had a hand in creating something awesome with Tesla and SpaceX's technology, but he's now a danger to the very thing he helped build. This is just one of the lawsuits filed against him or Tesla in recent weeks that have him as the…

If Elon Musk is removed as CEO at Tesla, Tesla is over. I find it curious that an innovative American company pushing to help our carbon problem by going electric is so lambasted, shorted, constantly under attack. It cannot be argued that Tesla pushed forward both electric cars and self-driving vehicles as a major force (original self-driving push was a DoD X-Prize) Personally I like when American companies succeed a…

It's not shorted because of its mission, its shorted because of the negative cash flow. Musks' public persona doesn't exactly give off the aura of a man who has his companies operating expenses and profitability under control.

Re: SEC Sues Musk and Seeks Ban for His Tweets on Go-Private Deal

#35

Post by eli »

empath75 wrote: post #12
chollida1 wrote: post #6

This comment I made a few weeks ago is coming alot closer to the truth than I would have expected. I hope for Space X and Tesla's sake that the reports of a directory and Executive ban don't come true. https://news.ycombinator.com/item?id=18016250#18016292 SpaceX is doing well, Tesla has pulled itself back from the brink and may actually become a profitable car company. All Elon had to do was keep his head down and n…

You say the shorts don't have any power to hurt tesla, but much of tesla's and elon musk's personal debt is backed by Tesla shares. If the price dips too low, it's potentially catastrophic for the company and him.

Is there any evidence the short sellers have ever caused the price to move at all?

Re: SEC Sues Musk and Seeks Ban for His Tweets on Go-Private Deal

#36

Post by twblalock »

nigealj wrote: post #25

This is a serious deal. The rest of the year is going to be a real test for Tesla! It'll be real interesting to see if they can rebound from this. I wonder if the Tesla board is thinking of doing an Uber and replace Musk with a more calmer executive! Wouldn't be surprised if he gets fired after this.

> I wonder if the Tesla board is thinking of doing an Uber and replace Musk with a more calmer executive! Wouldn't be surprised if he gets fired after this.

I would be. They have stood by him so far, this isn't going to push them over the edge. Besides, who would they replace him with?

If the SEC fines him, he'll pay the fine and get on with his life.

Re: SEC Sues Musk and Seeks Ban for His Tweets on Go-Private Deal

#37

Post by ninjaranter »

andreygrehov wrote: post #32

> “In truth and in fact, Musk had not even discussed, much less confirmed, key deal terms, including price, with any potential funding source,” Interesting. How do they know? Did someone from SEC called Musk and he said: "Nah, we're just in talks with investors, nothing lined up yet".

Close enough, he blogged about it https://www.tesla.com/blog/staying-public

Re: SEC Sues Musk and Seeks Ban for His Tweets on Go-Private Deal

#39

Post by throwaway5752 »

drawkbox wrote: post #31
ivraatiems wrote: post #15

A short while ago (per my comment history), I asked whether Elon Musk should remain as CEO of Tesla. I think, for my part, the answer is clearly no. He might be brilliant, he has undeniably had a hand in creating something awesome with Tesla and SpaceX's technology, but he's now a danger to the very thing he helped build. This is just one of the lawsuits filed against him or Tesla in recent weeks that have him as the…

If Elon Musk is removed as CEO at Tesla, Tesla is over. I find it curious that an innovative American company pushing to help our carbon problem by going electric is so lambasted, shorted, constantly under attack. It cannot be argued that Tesla pushed forward both electric cars and self-driving vehicles as a major force (original self-driving push was a DoD X-Prize) Personally I like when American companies succeed a…

"I find it curious that an innovative American company pushing to help our carbon problem by going electric is so lambasted, shorted, constantly under attack"

I'm not sure if you're being tongue in cheek, but that is precisely why he's being attacked.

Re: SEC Sues Musk and Seeks Ban for His Tweets on Go-Private Deal

#40

Post by amyjess »

drawkbox wrote: post #31
ivraatiems wrote: post #15

A short while ago (per my comment history), I asked whether Elon Musk should remain as CEO of Tesla. I think, for my part, the answer is clearly no. He might be brilliant, he has undeniably had a hand in creating something awesome with Tesla and SpaceX's technology, but he's now a danger to the very thing he helped build. This is just one of the lawsuits filed against him or Tesla in recent weeks that have him as the…

If Elon Musk is removed as CEO at Tesla, Tesla is over. I find it curious that an innovative American company pushing to help our carbon problem by going electric is so lambasted, shorted, constantly under attack. It cannot be argued that Tesla pushed forward both electric cars and self-driving vehicles as a major force (original self-driving push was a DoD X-Prize) Personally I like when American companies succeed a…

Musk brought this on himself. All he had to do was not make false financial statements on Twitter.

For that matter, he'd be better served if he didn't libelously call people pedophiles, try to start a war with the media, subject his factory workers to unsafe working conditions, and engage in union busting. Ultimately, these are all going to bite him in the ass, and he will have brought it all on himself.

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