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.
SEC Sues Musk and Seeks Ban for His Tweets on Go-Private Deal
441–450 of 884 posts
Re: SEC Sues Musk and Seeks Ban for His Tweets on Go-Private Deal
#442Re: SEC Sues Musk and Seeks Ban for His Tweets on Go-Private Deal
#443Earlier quoted context omitted.
Yep. Musk is looking at possible insider trading charges. The DOJ will absolutely throw a rich guy in federal prison for that since the damage to the economy can be enormous.
Hard to be insider trading if he didn't make any trades. Which he didn't.
Re: SEC Sues Musk and Seeks Ban for His Tweets on Go-Private Deal
#444Earlier quoted context omitted.
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
#445Earlier 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.
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
#446Earlier quoted context omitted.
Yep. Musk is looking at possible insider trading charges. The DOJ will absolutely throw a rich guy in federal prison for that since the damage to the economy can be enormous.
Hard to be insider trading if he didn't make any trades. Which he didn't.
Re: SEC Sues Musk and Seeks Ban for His Tweets on Go-Private Deal
#447Earlier 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…
When I bought a Cinema Display I figured out that a display with the same response time and color gamut would run about $75 cheaper and have a plastic case.
$75 for aluminum, more ports and being able to pick it up that day was more than fair.
Re: SEC Sues Musk and Seeks Ban for His Tweets on Go-Private Deal
#448He was trying to bankrupt the short-sellers, and he was doing it by lying: the price would soar, their options would be called, and they'd lose their shirts, all for a lie. When you're head of a public company, that's a crime. Not only will the SEC come after him, but the short sellers can probably sue him too. I have huge respect for his engineering ability, but he has messed up badly. He's overextended and it seems…
The law says a lot of things. I'm ok with short sellers losing their shirts regardless.
Re: SEC Sues Musk and Seeks Ban for His Tweets on Go-Private Deal
#449This 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…
I think Elon's active perpetuation of the myth is kind of a red herring.
Promoting Elon Musk as a grand visionary is how Tesla will maximize its brand value, and contribute to a self-sustaining lore around their founder 50 years from now. It's the same story for Apple and Steve Jobs, and thousands of other companies (tech and otherwise).
People aren't capable of idolizing 200 mechanical engineers. They are very capable of idolizing a single visionary. A story with 200 protagonists would be far less compelling, which is why most stories only have 1. If you want to be as competitive as possible, and you have a leader capable of exploiting that aspect of human nature, then that's what your company should do.
Permitting and perpetuating this kind of myth-making is practically part of Elon's fiduciary duty to his shareholders at this point. You can't fault him for doing it, because he has to.
I think what's really at issue is the aspect of human nature that it's exploiting.
I think it's closely tied to hierarchy and pecking order instincts observed in all mammals. We always need to be identifying and reacting to an alpha, and using that to inform our choices and behaviors so we can stay competitive on a biological level. The same instinct might also be what causes people to immediately perceive this as an issue of Elon's individual behavior, and makes them feel so strongly about it.
Re: SEC Sues Musk and Seeks Ban for His Tweets on Go-Private Deal
#450This 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…