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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

#571

Post by mellow-lake-day »

api wrote: post #475
ubernostrum wrote: post #332

Earlier quoted context omitted.

I really hate this idea of the grand visionary. Which is amusing in the case of Musk. As I've said over and over, his approach is to find an industry where most or all of the hard, expensive fundamental R&D has already been done (and paid for) by someone else, and then start a company to incrementally improve it and promise vast cost reductions from economies of scale. That's what SpaceX is. That's what Tesla is. The…

He does what any good businessman would do. He looks for money on the table. In this case its areas where research has been done but it hasn't been operationalized. That being said I dont mean to minimize what Musk or the teams he has assembled have done. The first 90% of the work toward a new innovation is 90% of the work, then the last 10% is 90% of the work. SpaceX basically finished the Delta Clipper project.

A businessman who actually wants to make money wouldn't start a rocket company. The return on rocket companies is nil.

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

#572

Post by theptip »

I think there's a bit of overexcitement going on in this thread; it doesn't look to me like Musk is going to jail on this one.

This part is interesting:

> The SEC had crafted a settlement with Musk that it was preparing to file Thursday morning, the Wall Street Journal reported, citing unidentified people familiar with the matter. Musk’s lawyers called SEC lawyers to say they were no longer interested in proceeding with the agreement, it said.

If his lawyers had a settlement lined up, and then retracted it, that means that they are confident they can win a better outcome in court. The deal they were going to cut did not involve Musk going to jail, so the outcome that Musk's expensive lawyers are betting on by retracting the settlement presumably also doesn't involve that.

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

#573

Post by dlor »

tptacek wrote: post #479
chollida1 wrote: post #6

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.

I guess there's a difference between "head of a large public company" and "founder of a large public company".

His track record at the latter speaks for itself. But the fact that someone who founded a company isn't necessarily the best person to run it long term is uncomfortable. Especially on a website like this one, with so many aspiring founders.

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

#575

Post by mellow-lake-day »

hooloovoo_zoo wrote: post #498
propman wrote: post #384

Earlier quoted context omitted.

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…

To be fair, Musk created neither Tesla nor Paypal.

It's not so black and white.

The biography of Elon Musk by Ashlee Vance goes into more detail for those curious. It's based on hundreds of hours of interviews with Elon and those close to him — including family, friends, co-workers, etc. And Elon wasn't allowed to read it until it was published.

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

#576

Post by volkl48 »

chrisweekly wrote: post #486
asn0 wrote: post #355

Earlier 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…

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,…

That's mostly a function of the general slowdown in the hardware cycle (for most applications).

I have both a Mac and a PC laptop of that vintage and they're both still perfectly suitable for anything short of current gaming or other extreme tasks.

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

#577

Post by Animats »

prolikewh0a wrote: post #564
UpshotKnothole wrote: post #271

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.

Billionaires don't go to jail.

Leona Helmsley, Federal Prisoner #15113-054.

Michael Milken.

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

#578

Post by tardo99 »

dlor wrote: post #573
tptacek wrote: post #479

Earlier quoted context omitted.

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.

I guess there's a difference between "head of a large public company" and "founder of a large public company". His track record at the latter speaks for itself. But the fact that someone who founded a company isn't necessarily the best person to run it long term is uncomfortable. Especially on a website like this one, with so many aspiring founders.

Except, you know, he didn't found Tesla.

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

#579

Post by jjeaff »

theptip wrote: post #572

I think there's a bit of overexcitement going on in this thread; it doesn't look to me like Musk is going to jail on this one. This part is interesting: > The SEC had crafted a settlement with Musk that it was preparing to file Thursday morning, the Wall Street Journal reported, citing unidentified people familiar with the matter. Musk’s lawyers called SEC lawyers to say they were no longer interested in proceeding w…

Either that or Elon refused the deal the lawyers crafted and is going against their advice. It's not like he never makes rash decisions.

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

#580

Post by dayaz36 »

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 bet if hn made everyone verify their accounts ~90% would be fake...the amount of anti-tesla astroturfing in this thread is unreal..
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