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

Post by bufferoverflow » Thu, Sep 27, 2018, 8:41 PM UTC

burke wrote: post #30

On one hand, the $420 tweet was just blatantly obviously a bad idea and he should have known better. On the other hand, it feels... strange somehow that a joke (if a slightly deadpan one) has consequences this severe. It affected the markets and it obviously wasn't without real-world consequences in any case, but something about this all just feels a little off somehow.

Post by rpedela » Thu, Sep 27, 2018, 8:41 PM UTC

slg wrote: post #17

NN88 wrote: post #8

SEC wants to remove him from the head of the company: https://twitter.com/kadhimshubber/status/1045407900259295233

Are there any previous examples of someone doing something similar to what Musk did and the punishments they received? I don't normally follow SEC cases, but this seems like a pretty extreme potential punishment compared to the slap on the wrist that many people were predicting.

Post by ryandrake » Thu, Sep 27, 2018, 8:41 PM UTC

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…

Post by toomuchtodo » Thu, Sep 27, 2018, 8:41 PM UTC

arawde wrote: post #34

drawkbox wrote: post #31

Earlier quoted context omitted.

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.

Post by quirkot » Thu, Sep 27, 2018, 8:42 PM UTC

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.