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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

#251

Post by shanghaiaway »

DennisP wrote: post #175
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…

I don't know whether he's using CAD but Musk did learn a lot of rocket science. According to aerospace consultant Jim Cantrell, one of his early hires, Musk essentially memorized several textbooks on rocket science, learned more from experts he talked with, and holds his own in engineering discussions. Sorry for the Business Insider link but this was the best I could google at the moment; Mercury Reader can get aroun…

Musk does not do any engineering at all.

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

#252

Post by rl3 »

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…

>Current Apple products are meticulously, exactingly designed and built, ...

I disagree. Look at the MBP keyboard issues, or the declining quality of OS X.

Under Jobs that shit wouldn't fly. Other roles aside, one of Jobs' most important functions was that of acting as a sanity check to ensure that the constiuent parts of any given product came together as a cohesive whole.

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

#253

Post by MPSimmons »

londons_explore wrote: post #219
quirkot wrote: post #60

Earlier quoted context omitted.

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

Couldn't he assign the janitor to be the official 'CEO', but then give himself title of 'Visionary' and still make all the decisions?

Part of being a visionary CEO is making choices that other people don't like, and sticking with them. As a janitor, you can suggest all you want, but unless you're on the Board, you can't force things through (unless you rely on backchannel bribery or coercion or other unsavory means).

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

#254

Post by ravenstine »

jeromegv wrote: post #14
ravenstine wrote: post #10

Earlier quoted context omitted.

(removed)

This isn't really the context here. It's a tweet from 10 years ago. He wrote a tweet, lying about having secured funding to take Tesla private, even giving the weird price of $420. His tweet was not taken out of context or misconstructed, he did this tweet very willingly and this tweet meant exactly what he wanted it to say.

Oh yes, you're correct, and sometimes I go on a tangent and leave comments that aren't in the exact same context from when I first started thinking. :)

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

#255

Post by ble »

dwighttk wrote: post #245
ble wrote: post #204

Earlier quoted context omitted.

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.

If he's banned from leading Tesla, perhaps he'll start mucking SpaceX up with his newly available attention.

I'd like to think Shotwell et. al already have a pretty well established convention as to how much Musk is allowed to intervene directly in operation and decision-making.

He can pretend that he knows better than automotive engineers but I think his self-awareness is better calibrated when it comes to rocketry.

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

#256

Post by Barrin92 »

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

The day Tesla hires someone who can actually run a car company will be a good day for Tesla.

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

#258

Post by rpedela »

slg wrote: post #234
rpedela wrote: post #217

Earlier quoted context omitted.

Add "misleading" to the search and the first few results seem similar to what Elon did. Making public, false, and misleading statements to investors is something the SEC gets pretty upset about. https://www.google.com/search?q=misleading+prohibited+acting...

From the first result [1]: >In its August 28, 2012 Complaint, the Commission alleged that, between 2005 and 2008, Wwebnet, Inc., a video software company, and Kelly made false and misleading statements and omissions to investors, including... The accusations there are repeated and occurred over the course of several years. Musk has been accused of a single case of wrong doing. Musk's seems to be a much lesser crime.…

The answer to your original question is "yes". The SEC does not like when CEOs make misleading statements even once. All I did is point you in the right direction. I am not going to go through 100s of cases to find something that is exactly like the Elon Musk case for you. You are welcome to change the Google search yourself.

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

#259

Post by datavirtue »

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…

The engineers created the iPhone and had to beg Jobs to fund the product launch. Well documented.

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

#260

Post by stevew20 »

dudus wrote: post #26
jonathankoren wrote: post #23

Earlier quoted context omitted.

>All Elon had to do was keep his head down and not pick twitter fights.... Do you mean, act like the CEO of a public ally traded company and not publicly make unsubstantiated material statements?

Yeah. As opposed of acting like the leader of the country

Zing!
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