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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

#541

Post by memmcgee »

brisance wrote: post #531
browsercoin wrote: post #69

I'm perplexed how Musk could act without thinking of the consequences? Now I fear that he will be banned from SpaceX as well, when you are convicted of fraud by SEC, it will impact your duties at other companies. It takes decades to build a reputation but it can be destroyed overnight with a single tweet.

Haven’t you been following the news at all? It’s called “rich white male privilege”. The person occupying the White House exemplifies it. Inauguration day was tough for many parents; lots of people didn’t know how to explain to their kids how such a person could get to the highest office in the land.

Rich isn't even necessary part of it. Musk, as well as many other people in the news, exemplify white cis male privilege. If a female or non-white CEO did half the shit Musk has done, she'd be out. Look how Marissa Mayer was vilified online despite doing nothing really out of the ordinary.

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

#542

Post by dragonwriter »

monocasa wrote: post #269
Rooster61 wrote: post #243

Earlier quoted context omitted.

Musk wasn't a founding member of Tesla. In fact, not all of the founders of Tesla were big fans of Musk's hire. Your point is valid though, and I do think someone could go in there and take over his job effectively. That doesn't mean there won't be a period of relative instability while that transition takes place.

Everywhere I've seen says that he's a co-founder of Tesla.

That's because after he took over complete control he retroactively titled himself a “founder” even though he was not, in fact, involved in founding the company (he was the leading funder of their Series A, and has been the main stockholder since then, but “funder” and “founder” aren't the same thing.)

Musk may be brilliant, but he's got a long history of a slippery relationship with the truth.

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

#543

Post by JoshCole »

DennisP wrote: post #296
shanghaiaway wrote: post #251

Earlier quoted context omitted.

Musk does not do any engineering at all.

I posted a source. Can you?

He can't. He lied. There are many people saying untrue things in this thread. Not all of them are as obvious.

I hope to God the auto industry doesn't lose the competition which scares them into changing themselves more rapidly than the coming fires and floods. The whitehouse is no friend to the renewable energy industry, advocating for the reduction of the price of oil.

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

#544

Post by memmcgee »

browsercoin wrote: post #430
SimbaOnSteroids wrote: post #267

Earlier quoted context omitted.

The battery and solar operations side of TSLA are critical to spaceX's mission to Mars. Can't have a martian colony without being able to harvest and store energy. Additionally the CV being done at Tesla could prove critical in automating prefabrication of living spaces and life support infrastructure. Can't be doing anything like that remote controlled with 8 min latency.

I'm going to have to correct you on the solar part, Solar City is a dud. I was listening to a podcast and it was said that Solar City's acquisition would be Tesla's undoing. I think that's Musk's biggest concern, not so much the $420 tweet but the fact that scrutiny directed at the Solar City acquisition that will land Musk in serious trouble. https://twitter.com/qtrresearch/status/1024254098068176896 Allegedly, ex-S…

Not to mention the Solar City buyout was pretty explicitly a bailout. SC had already retained bankruptcy counsel.

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

#545

Post by memmcgee »

Reelin wrote: post #422
cma wrote: post #398

Earlier quoted context omitted.

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

So US interests could be harmed by damage to an important US company, itself entirely due to backwards US drug policies? I don't think Musk is the problem in that case...

You overestimate SpaceX's importance.

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

#546

Post by blintz »

pvelagal wrote: post #540
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.

IMHO, If Elon musk were a chinese entrepreneur, the Govt would be more than happy to fund him and allow him to focus on what he is good at, innovate the hell out!!! SEC should answer the American people first on why it failed to hold any bank exec accountable for the worst financial crisis of our time that brought the world to an economic collapse.. double standards ?? https://thehill.com/blogs/pundits-blog/finance/3…

Surely the law should apply no matter how “innovative” your company is. Yes, the SEC should also be held responsible for its failure to go after banks, but this is not mutually exclusive with action against Tesla.

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

#548

Post by JoshCole »

memmcgee wrote: post #533
JoshCole wrote: post #530

Earlier quoted context omitted.

Tesla safety record stats are better than the minimum required score for five stars. You can read an example of their pride/righteousness/aspiration in this truth/fact/reality here https://www.tesla.com/blog/tesla-model-s-achieves-best-safet... or here https://twitter.com/elonmusk/status/1042827334758260736

Yes, and they're not alone in that. Many car companies are above the minimum required for five stars.

On a percentage basis of test scores, Tesla is in the top 1% of test scores and was rumored to be in contention for the very best test score with their newest model.

The glowing review by the actual owner is justified by empirical data.

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

#549

Post by rfrey »

threeseed wrote: post #357
stcredzero wrote: post #224

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 You are revising what I actually said, and about that you are completely wrong. I never denied that Jobs set Apple on the premium goods track. However, he was one of the major forces keeping it from devolving into being only a peddler of luxury goods. Tech innovation does better with goo…

So Apple products are purely luxury goods and serve no utility. I think that's more than a little ridiculous.

I had to go back and re-read, your comment was so unexpected... but nowhere did I see anybody say Apple products had no utility.

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

#550

Post by usaphp »

memmcgee wrote: post #541
brisance wrote: post #531

Earlier quoted context omitted.

Haven’t you been following the news at all? It’s called “rich white male privilege”. The person occupying the White House exemplifies it. Inauguration day was tough for many parents; lots of people didn’t know how to explain to their kids how such a person could get to the highest office in the land.

Rich isn't even necessary part of it. Musk, as well as many other people in the news, exemplify white cis male privilege. If a female or non-white CEO did half the shit Musk has done, she'd be out. Look how Marissa Mayer was vilified online despite doing nothing really out of the ordinary.

To be fair she failed at her task, while musk created couple of successful companies
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