Earlier quoted context omitted.
At this point his biggest goal should be avoiding prison, which with the DOJ investigation and the sheer stupidity of his actions is very much on the table.
SpaceX is national security launch services provider, no way he is going to jail.
SEC Sues Musk and Seeks Ban for His Tweets on Go-Private Deal
401–410 of 884 posts
Re: SEC Sues Musk and Seeks Ban for His Tweets on Go-Private Deal
#402He 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.
At this point his biggest goal should be avoiding prison, which with the DOJ investigation and the sheer stupidity of his actions is very much on the table.
Re: SEC Sues Musk and Seeks Ban for His Tweets on Go-Private Deal
#403Earlier quoted context omitted.
Without short sellers or another market mechanism to call bullshit on over-inflated and over-hyped investments, capital will be badly allocated. You're imagining some future where because of shorts we don't put enough money into TSLA and never have electric cars. That's not how this works. With shorts (if the short sellers are right) TSLA is full of it, and capital is much better allocated at BMW, Toyota, or some oth…
I'm ok with shorts in general, but I do wish that the SEC put at least as much energy into prosecuting some of the bad behavior by some negative parties (who may or may not have been shorts, tbh) as it is the company. I follow the company closely, and have definitely seen some questionable behavior that seemed to be aimed at trying to create the negative news cycle for the business. Things like promoted reddit articl…
Both parties have an interest in the stock going one way or the other. Regulators need to get involved when something like insider manipulation of the stock happens, say when the CEO uses Twitter the way Elon Musk does.
Re: SEC Sues Musk and Seeks Ban for His Tweets on Go-Private Deal
#404He 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.
Elon Musk has always had a disdain for the responsibility of running a public company, it seems perfectly reasonable that he tweet, in exasperation, that he wishes to make the company private. Why do so many people in this thread want the only guy making (rockets && green cars && batteries && solar && ...) to fail so badly? The guy smokes weed once on camera, now he's a witch and needs to be hunted down? We care abou…
My personal opinion is Elon should find someone to run Tesla. He proved good electric cars can be built, but now we need someone to turn Tesla into Toyota to spread good electric cars to the masses. Given his behavior, missed manufacturing targets, etc I don't think he is the right person to do that. If the SEC wins, Elon being forced out may be a blessing in disguise.
Re: SEC Sues Musk and Seeks Ban for His Tweets on Go-Private Deal
#405He 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.
Elon Musk has always had a disdain for the responsibility of running a public company, it seems perfectly reasonable that he tweet, in exasperation, that he wishes to make the company private. Why do so many people in this thread want the only guy making (rockets && green cars && batteries && solar && ...) to fail so badly? The guy smokes weed once on camera, now he's a witch and needs to be hunted down? We care abou…
Re: SEC Sues Musk and Seeks Ban for His Tweets on Go-Private Deal
#406Re: SEC Sues Musk and Seeks Ban for His Tweets on Go-Private Deal
#407Earlier quoted context omitted.
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…
Re: SEC Sues Musk and Seeks Ban for His Tweets on Go-Private Deal
#408He 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
#409Re: SEC Sues Musk and Seeks Ban for His Tweets on Go-Private Deal
#410Earlier quoted context omitted.
Musk does not do any engineering at all.
I posted a source. Can you?