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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

#101

Post by user5994461 »

mtgx wrote: post #83
ivraatiems wrote: post #63

Earlier quoted context omitted.

It's big, but is it irrecoverable? Because the current situation might be.

Fire Musk and the board could also risk a situation similar to Apple's board firing Steve Jobs. Musk is taking too many chances with too many things, often unnecessarily, but without him Tesla could be trampled by the big carmakers in the coming years in the EV market. Who at Tesla will still want to add rocket alloy to their cars to make them the safest ever cars? Chances are whatever new CEO they hire will see that…

The big car makers will be flooding the EV market, irrelevant of Musk presence.

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

#102

Post by dmitrygr »

quirkot wrote: post #60
twblalock wrote: post #36

Earlier quoted context omitted.

> 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.

Unless they ban him from being an executive at a publicly traded company

Ooh. Ooh. I know! They'll go private and thus not be a public company... I heard funding for that was secured

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

#103

Post by stanmancan »

smacktoward wrote: post #76
rhema wrote: post #53

Earlier quoted context omitted.

He may deserve that, but I believe that public perception is that Elon Musk is Tesla. In the same way that Bill Gates was Microsoft and Steve Jobs was Apple, Musk commands a huge moral force (in a Clausewitz sense... https://en.wikipedia.org/wiki/Carl_von_Clausewitz ). Fire Musk and you need to hire a press team, rebrand, and basically become seen as a stuffy company instead of the hip trendy up-and-comer. How much p…

And yet Gates is gone, and Microsoft is still here. And Jobs is gone, but Apple is still here. As the saying goes, the graveyards are full of indispensable men.

The only difference is, Gates and Jobs both left when their respective companies were already in a good place and very financially successful.

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

#104

Post by sosuke »

buboard wrote: post #81
rhema wrote: post #53

Earlier quoted context omitted.

He may deserve that, but I believe that public perception is that Elon Musk is Tesla. In the same way that Bill Gates was Microsoft and Steve Jobs was Apple, Musk commands a huge moral force (in a Clausewitz sense... https://en.wikipedia.org/wiki/Carl_von_Clausewitz ). Fire Musk and you need to hire a press team, rebrand, and basically become seen as a stuffy company instead of the hip trendy up-and-comer. How much p…

The difference with Gates and Jobs is Tesla has not delivered, i.e. it has not become profitable enough to guarantee success in the future. At this point he's indispensable. (There is also the thought that without him Tesla does not have an advantage vs cheaper competitors from all around the world)

I understand I think why you say Tesla has not delivered. But I feel like Tesla kicked off the entire electric car market finally. Not to mention the space stuff. Amazing work even if he is ousted I think. Plenty of awesome stuff.

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

#105

Post by lafar6502 »

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…

yep they should not be bothered with law or taxes. This lambasting is reserved for the less great

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

#106

Post by unstuckdev »

buboard wrote: post #81
rhema wrote: post #53

Earlier quoted context omitted.

He may deserve that, but I believe that public perception is that Elon Musk is Tesla. In the same way that Bill Gates was Microsoft and Steve Jobs was Apple, Musk commands a huge moral force (in a Clausewitz sense... https://en.wikipedia.org/wiki/Carl_von_Clausewitz ). Fire Musk and you need to hire a press team, rebrand, and basically become seen as a stuffy company instead of the hip trendy up-and-comer. How much p…

The difference with Gates and Jobs is Tesla has not delivered, i.e. it has not become profitable enough to guarantee success in the future. At this point he's indispensable. (There is also the thought that without him Tesla does not have an advantage vs cheaper competitors from all around the world)

This is key, I think. Microsoft had enough runway to figure it out. Apple has a multiple of that. What does Tesla have to keep it alive while they figure out the next step?

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

#107

Post by matwood »

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.

What exactly did the shorts do here? Musk has brought on all this scrutiny himself. The shorts didn't bail out Solar City, miss nearly every production target, use TSLA as a way to personally finance a lavish lifestyle, or commit securities fraud.

The shorts are all over this stock because of issues like the above. They were not the cause of those issues.

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

#108

Post by excalibur »

beambot wrote: post #86
dawhizkid wrote: post #16

Earlier quoted context omitted.

...and irrepairable loss of investor trust

I am an investor, and I have not lost trust (temporarily degraded perhaps, but certainly not irreparably!). I also take the long view; Elon is instrumental to the long-term outcome for Tesla, our species, and our planet.

You sound a bit like Doctor Strange here. Sure he's made some bold moves intended to steer us toward a better future, but the fate of civilization does not rest on his shoulders.

Unless we make him President. Don't make him President.

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

#109

Post by bachbach »

NN88 wrote: post #5

Twitter is like keeping a loaded gun in the house with kids. Politicians, Business leaders, community influencers... BEWARE

People talking shit on the internet isn't a problem - it's that real name policy large numbers of people opted into and still think is acceptable.

In the future organizations will be run by mysterious persons - everybody with a real name sooner or later put "I am an idiot" on the web's permanent record by depleting their credibility in some way. The only person who seems immune is The Orange Man. Recall Paul Graham - the founder of this website, mild mannered - it didn't save him from attack. I don't know the full story but it seems he got fed up of Silicon Valley's character assassination subroutine.

If I am wrong you have to believe the outrage culture takes a bow and exits - people relax and move on. Hmmmmm

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

#110

Post by Analemma_ »

How many different lawsuits and investigations is Elon now the subject of? There’s this, the separate DOJ investigation, the lawsuits from private investors who exited their short positions, the libel suit from the British guy, possibly an Air Force investigation about the weed... am I missing any?

Even if every one of these turns out to be nbd, I wonder if it makes sense to remove Elon just on the grounds that a) it’s embarrassing and b) he can’t address all of these at once and still effectively run two companies.

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