SEC Sues Musk and Seeks Ban for His Tweets on Go-Private Deal • Hacker News Board

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

#201

Post by daveguy » Thu, Sep 27, 2018, 9:27 PM UTC

romed wrote: post #178

As I said nine days ago in this box and was roundly downvoted therefor: "Good chance that Musk will get placed on the bad actors list and will be unable to serve as an officer or executive of Telsa." What I don't understand is how this took 10% of the price of Tesla shares. How is it possible that this event, which was a 100% certainty, was not already baked into the price?

I think most people thought Musk would get off with a fine. For a company partially driven by a cult of personality (at the very least given a significant benefit of the doubt). That hope was diminished and without Musk the entire company will be perceived differently.

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

#202

Post by pastor_elm » Thu, Sep 27, 2018, 9:27 PM UTC

djsumdog wrote: post #68

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…

I'd hope the company itself would be fine. I really hate this idea of the grand visionary. A good friend of mine who is a mechanical engineer despises Musk. I listened to a bit of his Joe Regan interview and when Regan asked him how he has the time to do all of the things he does, there are smoke jokes about him being an alien, but not once did he say, "Well I have an amazing team of engineers" and credit all the tho…

>but not once did he say, "Well I have an amazing team of engineers" and credit all the thousands of people in his organizations that actually do the work.

Engineers are a dime a dozen. They are responsible for the success of these companies in the same way cells are responsible for the formation of a human being.

Why couldn't all those engineers build a cost effective reusable rocket system before Musk came along? Or how about an electric car that could go 400 miles on a battery charge?

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

#203

Post by baxtr » Thu, Sep 27, 2018, 9:27 PM UTC

SkyMarshal wrote: post #170

stcredzero wrote: post #127

Earlier quoted context omitted.

Are Apple products different now that Jobs are gone? Yes. Jobs as local despot acted as a curb to bad decisions. Jobs had a vision which acted as a countervailing force to keep Apple from being completely sucked into being a money grubbing luxury goods company. the core people that make and design all their overpriced, planned obsolescence devices are still there, often uncredited, while everyone else likes to focus…

I don’t think Apple products are any different without Jobs, the problem is they’re nothing new either. With Jobs you knew he loved and lived technology and was always looking for cool new things to do with it. Most of his product launches did just that and brought some excitement about possibilities. Current Apple products are meticulously, exactingly designed and built, but they’re losing the excitement and expecta…

Why would you say that for example the Apple Watch is "nothing new"?

Or: what is the difference between jumping from an iPhone to an iPad (considered as genius by Jobs) and jumping from a fingerprint ID to a 3D face recognition.

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

#204

Post by ble » Thu, Sep 27, 2018, 9:27 PM UTC

Rooster61 wrote: post #192

I very much hate to see this. Not for Musk's sake, as he has been pretty much asking for something like this to happen. I hate it because of the damage it will do to Tesla and SpaceX when he's likely banned from leading a company. Tesla's not exactly lighting the world on fire in terms of potential long term success, but SpaceX really has been doing well in recent years. The fact that they are already refurbishing so…

SpaceX is not a public company so I don't see how a ban would affect Musk w/ r.t. SpaceX.

also, otoh: think about the good things that could happen to $TSLA when Elon is removed from being a CEO.

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

#205

Post by ethbro » Thu, Sep 27, 2018, 9:27 PM UTC

stcredzero wrote: post #127

djsumdog wrote: post #68

Earlier quoted context omitted.

I'd hope the company itself would be fine. I really hate this idea of the grand visionary. A good friend of mine who is a mechanical engineer despises Musk. I listened to a bit of his Joe Regan interview and when Regan asked him how he has the time to do all of the things he does, there are smoke jokes about him being an alien, but not once did he say, "Well I have an amazing team of engineers" and credit all the tho…

Are Apple products different now that Jobs are gone? Yes. Jobs as local despot acted as a curb to bad decisions. Jobs had a vision which acted as a countervailing force to keep Apple from being completely sucked into being a money grubbing luxury goods company. the core people that make and design all their overpriced, planned obsolescence devices are still there, often uncredited, while everyone else likes to focus…

I never thought of Apple as the GE (and GE Capital) of the tech world, but the "do more of the thing that makes us the most money, at all costs" metaphor is starting to fit.

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

#206

Post by [deleted] » Thu, Sep 27, 2018, 9:28 PM UTC

djsumdog wrote: post #93

henryfjordan wrote: post #49

Earlier quoted context omitted.

Why is this a "joke"? Does a gaggle of teenagers running into a movie theater and yelling "fire!" constitute a joke? People might get seriously injured in the ensuing chaos. The same is (almost) true here, people lost money because of a tweet that was Musk was prohibited from making by law. There need to be consequences.

Please don't use the "fire in theatre" argument. It is one of the most misused arguments because yelling fire in a theatre, under Schenck v. United States, is (sorta) protected speech: https://en.wikipedia.org/wiki/Shouting_fire_in_a_crowded_the...

[deleted]

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

#207

Post by herpes » Thu, Sep 27, 2018, 9:28 PM UTC

jm547ster wrote: post #140

stanmancan wrote: post #103

Earlier quoted context omitted.

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

Definitely not Jobs’ first departure

Yes, but Jobs' return brought with him everything from NeXT and he blew life back into a company that surely would have disappeared without that.

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

#208

Post by dragonwriter » Thu, Sep 27, 2018, 9:28 PM UTC

Rooster61 wrote: post #192

I very much hate to see this. Not for Musk's sake, as he has been pretty much asking for something like this to happen. I hate it because of the damage it will do to Tesla and SpaceX when he's likely banned from leading a company. Tesla's not exactly lighting the world on fire in terms of potential long term success, but SpaceX really has been doing well in recent years. The fact that they are already refurbishing so…

> I hate it because of the damage it will do to Tesla and SpaceX when he's likely banned from leading a company.

He would only be banned from leading a public company; SpaceX is still private (and, heck, maybe he could realize his plan of taking Tesla private, too.)

So, SpaceX wouldn't be directly effected.

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

#209

Post by cam3ham » Thu, Sep 27, 2018, 9:28 PM UTC

romed wrote: post #178

As I said nine days ago in this box and was roundly downvoted therefor: "Good chance that Musk will get placed on the bad actors list and will be unable to serve as an officer or executive of Telsa." What I don't understand is how this took 10% of the price of Tesla shares. How is it possible that this event, which was a 100% certainty, was not already baked into the price?

the market is emotionally reactionary. if it was baked in (and like you, I believe it was) it will bounce back tomorrow.

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

#210

Post by buboard » Thu, Sep 27, 2018, 9:28 PM UTC

greglindahl wrote: post #130

buboard wrote: post #81

Earlier quoted context omitted.

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)

That's a weird definition of "delivered". The car industry requires scale, and Tesla needs to be much bigger before it could possibly meet that definition of "delivered". That's why the last US mass-market car startup was Tucker.

do you believe the early adopters who are buying Teslas today are buying Tesla or Musk?