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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

#701

Earlier quoted context omitted.

I'm posting this from a Macbook Pro I bought in November 2008. My family uses it daily. My daily work computer is a 2012 Macbook Air which I dropped from a standing height 4 years ago. It has one bent corner but still runs great.

I still have iMacs from 2007 that are being used by my kids. I only upgraded the HDD to SSD a couple of years ago and they work flawlessly. No viruses, no tech support needed for 10 years. That is just amazing hardware, but on the other hand, I have a pair of AirPods that just can't autoconnect to my MacBook unless I fiddle with the Bluetooth and speaker icons in the toolbar every time. And AirPods were fucking expen…

I think the problem with the AirPods is Bluetooth. I refuse to use any Bluetooth device because I've never had a pleasant experience with it.

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

#702
post #669

Earlier quoted context omitted.

> I hope for Space X and Tesla's sake that the reports of a directory and Executive ban don't come true. Why? Because Elon is a special snowflake and deserves a different treatment than other white-collar criminals?

How about because nobody should be able to go from perfectly fine to having ruined their life* in under 30 seconds. you have one dumb thought, open twitter on your phone, push tweet, and it's over. That's not an ability people should have. We are impulsive and often dumb.

He was perfectly fine to surrender his CEO position at Tesla (and any position of power in any other company he is in) in order to get rid of this "ability". He did not.

Certain positions of power just come with the ability to ruin your life in seconds. Some even can ruin the life of others in milliseconds. You cannot cushion these people from these facts. If they cannot deal with that, they should surrender the power. The concept is called responsibility.

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

#703
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,…

I'm still using my mid-2012 Asus laptop that was like €1300 at the time.

I did buy a few upgrades since then (16GB RAM, bigger SSD, new battery) but given that I don't do any gaming, there is very little that a new purschase would get me.

So this is definitely not a Mac-specific thing.

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

#704

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.

Just taking a shot in the dark here. Perhaps, just perhaps, he had more information to base his decisions on than is available to you from a 'Tweet' and a couple of lines in a media article.

This kind of thinking makes sense (Musk is smart, he must make decisions rationally) but it is sort of empirically denied. If Musk was so smart he wouldn't have called a random guy a pedo or violated securities law in public. After all, he has more information/advice available to him on securities law than you or I do.

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

#705
post #669

Earlier quoted context omitted.

> I hope for Space X and Tesla's sake that the reports of a directory and Executive ban don't come true. Why? Because Elon is a special snowflake and deserves a different treatment than other white-collar criminals?

How about because nobody should be able to go from perfectly fine to having ruined their life* in under 30 seconds. you have one dumb thought, open twitter on your phone, push tweet, and it's over. That's not an ability people should have. We are impulsive and often dumb.

People go from perfectly fine to having ruined their life by jaywalking.

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

#706

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…

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…

What is baffling to me is the length that some HN commenters will go to to tear down people like Elon and Steve Jobs.

Maybe you don't like him, maybe you don't like how much attention and praise he gets. But to be so dismissive of what those companies have accomplished with him at the helm, to me is just unwarranted bitter negativity.

In your mind, what companies are doing staggering heart-breaking Copernican-revolution work? What bar must be reached to not be "just applying incremental improvement and economies of scale?" Pretty bleak outlook if pushing the bleeding edge of rocket technology forward is humdrum small potatoes.

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

#707
The proposed punishment is statutorily allowed for the infraction. Sadly, in this climate, it's not clear whether this is standard operating procedure for this, though, or whether a particularly vindictive response because of some political slight Musk may have committed towards the administration or the SEC.

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

#708

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.

Elon Musk has always had a disdain for the responsibility of running a public company, it seems perfectly reasonable that he tweet, in exasperation, that he wishes to make the company private. Why do so many people in this thread want the only guy making (rockets && green cars && batteries && solar && ...) to fail so badly? The guy smokes weed once on camera, now he's a witch and needs to be hunted down? We care abou…

I think there are three groups of people:

1) Short sellers. Short selling, as opposed to simply investing in a stock, is something that requires significant resources to begin with. Take these people with resources and acumen, and now given them a multi billion dollar incentive to see Tesla fail. You create a major motivator for people to not only speak negatively but to do all they can to try to foster and drive negative sentiment towards the company and Musk. This group of people are the main reason Musk has a problem with short sellers. Shorting is not bad, but the twisted incentive structure created by substantial shorting is. This group is made doubly effective by the fact that Tesla has chosen to keep with the strategy of a $0 marketing budget.

2) Useful idiots or trolls who simply enjoy attacking people without much of any consideration for facts or data. These individuals are already ubiquitous on the internet and unknowingly work as tools for #1.

3) People who genuinely feel Tesla is not headed in the right direction and would do better with different leadership.

---

In my opinion, the largest group by far is #2 followed by #1, distantly followed by #3. The problem is that #2 is a really really big group. They almost certainly already outnumber, by far, the entire population of people that go out of their way to speak positively of Tesla. So you end up with a perceived mass negative sentiment, even when in reality it's not really supported at all. E.g. - recently there was a motion to find a different CEO and it was voted down by an 83.5% margin. Another issue here is that Musk has decided to point out the awful behavior the media, which has also turned them against him. For instance on that vote I mentioned, reuters instead of reporting the result chose to run an article, "BlackRock voted to replace Tesla's Musk with independent chairman" with the numbers given, without percentages, in the article body. [1]

[1] - https://www.reuters.com/article/us-tesla-musk-blackrock/blac...

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

#709

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,…

Wut. The problem isn't twitter (well, not in this case, not that twitter haven't destroyed their product with the non-chronological feed...), it's infants who can't control themselves on it. Addicts and occasional users exist for most things (the possible exception being strong opiates).

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

#710
post #669

Earlier quoted context omitted.

> I hope for Space X and Tesla's sake that the reports of a directory and Executive ban don't come true. Why? Because Elon is a special snowflake and deserves a different treatment than other white-collar criminals?

How about because nobody should be able to go from perfectly fine to having ruined their life* in under 30 seconds. you have one dumb thought, open twitter on your phone, push tweet, and it's over. That's not an ability people should have. We are impulsive and often dumb.

They are referencing other tweets and statements by him. So it isn't a single bad decision that lead to this. It is a constant flow of bad decisions run over several months. People in important positions really should put a legal/marketing department between themselves and their twitter account.
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