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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

#391

Post by bioxeed »

asn0 wrote: post #355
threeseed wrote: post #172

Earlier quoted context omitted.

This is just revisionist history and completely wrong. Steve Jobs pretty much set Apple on the premium goods track when he returned. The iMac, iPod, iPad, iPhone were all developed under his watch and all were premium priced. Apple has pushed the margins higher but that's only because the market can absorb it. Computing is more central to people's lives and they are willing to pay a premium for a good experience.

I've started to think Apple is more competitive on laptops than it looks from the price. Every time I've priced out a laptop with similar configuration to my MBP (including a good-quality display, NvME SSD, good battery life), it always ends up costing about the same as an MBP. And then Apple's customer service definitely tips in their favor (I've been spoiled by fast, convenient, competent repair service at the Appl…

This depends a lot where you live. Possibly in the US this is true but currently here in Australia to get an MBP that matches the top spec Dell XPS15 would cost at least $1k aud more. And still not have the touchscreen the dell has.

That didn't always used to be the case. Previously at launch an MBP was often quite keenly priced for the specs. But the last couple of generations have been badly overpriced.

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

#392

Post by chriskanan »

jkqwzsoo wrote: post #288
quenstionsasked wrote: post #263

Earlier quoted context omitted.

I'm very curious about the Stanford thing. Do you mean that he was never admitted? Or simply that he never officially enrolled? I tried my hand at googling this but found nothing but re-hashes of the same story of how he left after two days.

I couldn't find anything either. My guess would be that you aren't technically in the PhD program until you've passed your qualifying exam. Until that point, you're a graduate student but not a PhD student. After you pass your preliminary exam, you're a PhD/Doctoral candidate. Also, it's a moot point. There are no bragging rights to be found in simply being admitted to a PhD program. Plenty of very intelligent people…

In the USA, this is how it typically works. People who are enrolled in PhD programs are called "PhD students." Once they pass their advancement to candidacy exam, they are called "PhD Candidates." In both cases, they are enrolled in a PhD program. Typically people are accepted directly to PhD programs and they are not just admitted as generic graduate students.

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

#393

Post by vital_sol »

DennisP wrote: post #286
bilbo0s wrote: post #191

Earlier quoted context omitted.

The world with him, is a whole lot like the world without him though. I mean, I did the thought experiment, and I honestly don't see many things that would be different? Are you arguing that without Musk, we wouldn't have commercial space companies, or electric cars? If so, I find that a bit difficult to believe. The part of your comment about no one being a hero is correct. None of us are any better than anyone else…

Tesla completely changed the public perception of electric cars, from slow eco-friendly compacts to high-performance sports cars. Without Tesla I doubt that Mercedes would be spending $12 billion on electric cars, or Porsche would be releasing an electric car next year with a 0-60 time of 3.5 seconds and a nationwide fast charging network in the U.S. Tesla proved that it's possible and that there's demand for it. Spa…

Well, Jeff Bezos with Blue Origin is so far behind that they haven't launched anything to the Low Earth Orbit yet, and as far as I know they don't have plans to launch to LEO for the next few years. So wrg to reusable launch vehicles, so far SpaceX is the only game in town. OTOH, Jeff Bezos has more money and can speed things up if he wants.

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

#394

Post by bodas »

FLUX-YOU wrote: post #323
UpshotKnothole wrote: post #307

Earlier quoted context omitted.

Why not? SpaceX will tick along without him, and he won’t leak classified material because then the prison he’d be in would deep and dark indeed.

I'm not so sure, one of the other space companies could start poaching talent and there's no way they can continue the government contracts with a huge loss of critical staff.

SpaceX is an extremely desirable company to work at, it's more NASA than NASA. Even without Musk that would remain the case. Talent squeeze is not a risk IMO.

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

#395

Post by mikeg8 »

UpshotKnothole wrote: post #307
TrainedMonkey wrote: post #301

Earlier quoted context omitted.

SpaceX is national security launch services provider, no way he is going to jail.

Why not? SpaceX will tick along without him, and he won’t leak classified material because then the prison he’d be in would deep and dark indeed.

Yea he’ll join all the other billionaires in jail. I would say he looks pretty guilty of fraud but agree he will never see a cell, just heavy fines. And spaceX may survive without him but losing musk would suck a ton of wind out of their sails.

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

#396

Post by diminoten »

Animats wrote: post #246

He definitely lost it. And it's going to cost him. This is an open and shut case against Musk. He definitely sent out that tweet. Yes, maybe just not enough sleep and too many drugs. Not a good excuse. Tesla might do better with a new CEO. They're past the vision stage. Tesla's problems today are all those of running a big auto plant. Musk might do better focusing on Space-X.

I thought his tweet was legal, assuming he wasn't lying about any of it, which indications are he wasn't.

Maybe I don't understand...

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

#397

Post by toozap »

propman wrote: post #384
WheelsAtLarge wrote: post #363

The book The PayPal Wars: Battles with eBay, the Media, the Mafia, and the Rest of Planet Earth, details Musk's time at Paypal and pretty much describes him as an eventual hindrance rather than a help. He was eventually ousted from the company. Peter Thiel was the one that was able to nurse the company to success. He was vital to get the company started but eventually, he was difficult to work with. Looks to me that…

I can only think of Elon as the only person to create THREE multi billion dollar companies in wildly different industries. Elon is a fantastic CEO AND visionary. I personally know people who could be making double specifically work at spacex because they believe in his vision. Elon is able to get Supreme talent and productivity for pennies on the dollar. He’s able to market Tesla and spaceX to billions with such a po…

Wayne Huizenga - Blockbuster, AutoNation, Waste Management.

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

#398

Post by cma »

dragonwriter wrote: post #208
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.

SpaceX could be affected by him losing his security clearance for illegal drug use though.

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

#399

Post by avar »

toomuchtodo wrote: post #388
dragontamer wrote: post #369

Earlier quoted context omitted.

Short-sellers didn't cause Elon Musk to tweet fraudulently, putting himself and his company into legal jeopardy with the SEC. Frankly, Q3 2018 was shaping up to be a big moment where M3 cars were mass produced and selling well. If Mr. Musk just shut up for the past 6 months and never tweeted anything, then Tesla would be in a far stronger position. Today: Musk has to deal with the pedophile slander lawsuit, the SEC i…

Elon has wasted capital, both political and economic; this I can't argue with. I agree with the mission, not the man's behaviors, but have also lived long enough to recognize what a necessary evil is.

Let's be real here. In the grand scheme of things Tesla's selling luxury toys and is bound to be something similar to cars as what Apple is to general computing. Overly expensive status symbols.

Both in number of vehicles sold[1] and in distance driven[2] Tesla vehicles are handily beat by the likes of the Chevy Volt and Nissan Leaf. Those are the sorts of vehicles that are going to change the game and make a dent in climate change, not luxury cars.

1. https://insideevs.com/plug-in-electric-car-sales-ranked-by-o...

2. https://insideevs.com/us-crosses-10-billion-e-miles-driven-f...

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

#400

Post by detaro »

diminoten wrote: post #396
Animats wrote: post #246

He definitely lost it. And it's going to cost him. This is an open and shut case against Musk. He definitely sent out that tweet. Yes, maybe just not enough sleep and too many drugs. Not a good excuse. Tesla might do better with a new CEO. They're past the vision stage. Tesla's problems today are all those of running a big auto plant. Musk might do better focusing on Space-X.

I thought his tweet was legal, assuming he wasn't lying about any of it, which indications are he wasn't. Maybe I don't understand...

The SEC complaint claims that "Musk knew or was reckless in not knowing that each of these statements was false and/or misleading because he did not have an adequate basis in fact for his assertions."
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