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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

#481
post #398

Earlier quoted context omitted.

> 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.

Illegal drug use?

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

#482

Earlier quoted context omitted.

Musk does not do any engineering at all.

I posted a source. Can you?

You just said that Musk memorized several textbooks... Idk what kind of source can bail you out of that one. Probably discredits the source if anything.

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

#483
post #355

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…

Out of curiosity, I specc'd out a Thinkpad T480 as close as I could to the base model MBP, and they are reasonably similar in price (the Thinkpad is $2100 to the MBP's $2400).

Thing is, if you drop a few upgrades, such as dropping the CPU speed by a few percent, dropping the dGPU, going to a 1080P screen, and using a SATA instead of NVME drive, you're down to $1400 for largely minor decreases in performance and capability (none of those things would affect my use cases appreciably, you might be different). Apple doesn't give you those options in a MBP, and the standard MacBook is pretty outdated, topping out at an old dual core i7.

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

#484

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…

This should be the top comment. I absolutely feel the same about Elon. We need him in this world to save us from ourselves.

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

#485

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…

Amazingly, Musk apparently had reached a settlement with the SEC over this, then blew it up : https://twitter.com/tomgara/status/1045472592595996672 I don't understand people who defend him as head of a public company.

Perhaps some of what makes him capable of making these mistakes is also part of why he has multiple revolutionary companies.

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

#486
post #355

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…

I was just commenting to my wife how remarkable I find it that my 2012 Macbook Pro 15 Retina is meeting all my needs as a software consultant. I used to think 3 years, maybe 4, was the useful lifespan of a high-end machine for daily professional use. In a few months it'll be 7 (seven) years old. It has 3 or 4 dead pixels, but everything else about it is working flawlessly. Maybe they don't make em like they used to, but man have I gotten my money's worth out of this one.

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

#487
post #395

Earlier quoted context omitted.

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.

https://en.m.wikipedia.org/wiki/Joseph_Nacchio

Maybe if Elon had sold stock this would be in the realm of possibility.

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

#488

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.

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.

He may have not insider traded but market manipulation is also a crime. It is on record that Elon was looking to hurt short sellers and making materially false statements about the company can be easily argued to be a criminal act used to do so.

SEC Act - Sec 9(a)2 It is unlawful... or raising or depressing the price of such security, for the purpose of inducing the purchase or sale of such security by others.

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

#489

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…

SEC suing Elon Musk is , quite frankly one of the most abhorrent actions a US govt agency can ever do against genuine American Entrepreneurship and American innovative spirit. There is not a single human being on the planet who comes close to Elon Musk when it comes to big , bold innovation and tech entrepreneurship who is putting his heart and soul into leading the human race into the future.

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

#490

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...

He was lying. Very clearly. You probably read some fanboys blog saying he wasn't and rationalizing it away.
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