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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

#591

Post by kamaal »

djsumdog wrote: post #68
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…

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…

>>A good friend of mine who is a mechanical engineer despises Musk.

A lot of people despise Musk.

Its because the society in general hates these kind of successful non-conformist. No one likes to see a hugely successful anti-pattern to their whole life.

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

#593

Post by davidparks21 »

I'm quite doubtful this suit will succeed. To succeed the SEC would need to prove intent to disrupt the market. You can certainly show that he had a reason to attack short sellers, but he also has a long history of communicating in exactly that manner. He probably also has plenty of evidence of meetings that justify the statement. If that assumption is correct, given his historical use of this medium of communication, I can't see how you prove intent.

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

#594

Post by mikeash »

MBCook wrote: post #526
fosco wrote: post #522

Earlier quoted context omitted.

Tesla is not without challenges, but I am very happy with the products they have delivered thus far, and if I could afford them I would have a model x and s. I see this sentiment a lot but the reality is not only are the cars that they have delivered good but I think their safety ratings are top notch. I am not sure I want a 'regular car company ceo' I do not think they would have delivered in the way Tesla as a comp…

From all the stories in the last year it seems like if you took a regular car company CEO they would’ve been delivering faster with better build quality. Perhaps service times wouldn’t be so atrocious either. Or rain wouldn’t cause bumpers to fall off. Tesla’s tech is pretty top-notch (excluding auto pilot which I have doubts about). I think their ability to build cars is questionable.

If you took a regular car company CEO, Tesla would be building hybrids and selling through dealerships and charging for map updates and providing atrocious media software and generally not doing any of the things that makes them interesting.

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

#595

Post by branchless »

davidparks21 wrote: post #593

I'm quite doubtful this suit will succeed. To succeed the SEC would need to prove intent to disrupt the market. You can certainly show that he had a reason to attack short sellers, but he also has a long history of communicating in exactly that manner. He probably also has plenty of evidence of meetings that justify the statement. If that assumption is correct, given his historical use of this medium of communication…

How is this the top comment when it says it was made "0 minutes ago"? When there are 550+?

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

#596

Post by Tomte »

adrianmonk wrote: post #440
jiveturkey wrote: post #319

Page 21: "Prayer for Relief" interesting that this kind of language is accepted legalese par. 80.IV and 80.V seeks both civil penalties and removal from office. Is it feasible that Musk/Tesla can negotiate only penalties, thus keeping him on the board? Given Musk's position of power over the board, and importance to the company, I could see the board agreeing to it, but would the government.

The language doesn't surprise me particularly. "Pray" is an old word that means to ask. Hence "prithee", which is kind of a mashed together "pray thee" (which means "ask you"). And "prayer" is noun form of that verb. Yes, the words are really old (archaic-sounding if not actually archaic), but that happens all the time in legalese. And yes, they have religious connotations, but they are also used in secular ways. For…

I first came across "pray" (as a non-native speaker) through Sherlock Holmes. "Pray sit down" is ubiquitous in his stories.

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

#597

Post by Zarath »

dabockster wrote: post #418
Zarath wrote: post #409

What a joke, there are plenty of scumbag and criminal leaders of corporations and this is the guy who doesn't walk. It'll be a sad day for the world if this guy goes to jail.

It's like this clip from the 1990s Batman cartoon regarding the Joker's view on the IRS. https://www.youtube.com/watch?v=G56VgsLfKY4 Securities crime is almost always prosecuted in the US because of how much of our economy depends on it being free of outside manipulation. This is why all stock trades are tracked so intensely. A crook may be able to systemically deprive people of health insurance and get away with it,…

I believe it, but it's kind of stupid that GS or JPM "analysts" can "downgrade" a stock and move it by 4%, and this happens literally every day, but some guy who is going to put humans on Mars and fly them around the moon is going to get shit for a tweet that was obviously a joke to anyone who isn't a total moron.

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

#598

Post by apatters »

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…

> All Elon had to do was keep his head down and not pick twitter fights....

You know what, this could be said about a lot of people, including the freaking President. I'm beginning to wonder if the real problem is Twitter. Specifically the most fundamental aspect of its design -- the ability to blast off brief messages to thousands of people any time, anywhere.

Maybe we're learning that that this design leads people, even smart, well-meaning people, to publish crap. No one is crafting well thought out, quality content in 280 characters on their phone. The vast majority of Tweets and RTs are going to be total junk, lizard brain stuff. Sure enough Twitter has become the abuse hub of the Internet.

Sure, people love to use it. They love to use cocaine too once they get a taste. And drinking socially is fine, but booze too hard and the nicest person can turn into a monster. Maybe we just shouldn't have what Twitter provides.

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

#599

Post by kamaal »

Symmetry wrote: post #370
djsumdog wrote: post #68

Earlier quoted context omitted.

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…

Well, to quote Mueller: >It’s really— it’s quite a trip, working for Elon. It’s different every day [laughter] because it all depends on what mood he’s in [laughter] — they think he’s joking> You know, he’s been in a great mood lately; we’ve been very successful, and Tesla’s been doing quite well. So it’s been good recently. Um, he still; he’s still extremely demanding. One thing I tell people often is that— I’ve see…

Interesting interview. Where can we read the full version of this?

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

#600

Post by zhte415 »

webninja wrote: post #497
johannes1234321 wrote: post #432

Earlier quoted context omitted.

That might be technical protection, however the way the SEC gets access to mails is not on a technical level, but by sending out a letter "please send us all your mails on that topic" and if the response on such a request is not convincingly consistent you get into even more trouble.

This. At Toyota corporate, we had a meeting with a lawyer and the lawyer instructed in the event of an investigation (e.g. bad floor mats), provide all of the emails and documents. Make everything easily searchable, and keep emails for 3-4 years. People think that hiding evidence from your lawyer makes things better but according to the lawyer, it actually hurts the case by not being able to have information. So save…

Your IT department probably is likely to follow a document retention policy relating to archiving emails (an archive you don't get access to).

Your document retention policy should be included in your onboarding training and accessible to all staff, not doing this would cause all kinds of compliance problems.

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