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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

#871

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The idea that Tesla is drastically missing its production targets is overstated. It originally claimed that what was later named the Model 3 would begin production in 2017. This claim was made as far back as 2014. This occurred as projected. It has since been ramping up steadily. The rate of that ramp up has been slower than initially projected, but is well within the long-term projected numbers. Critically, Tesla ra…

> Enough idiots were convinced to bet against renewable energy and now they're going to do their best to damn the rest us. No one is betting against renewable energy. They are betting against a company drowning in debt that has been poorly ran with a CEO who has been charged with securities fraud. And please do not try to compare Musk to some modern day Jesus Christ. My bible studies are a little rusty, but I do not…

There are people actively experimenting with manipulating people through feeding a process which produces division. They have confessed to this [1]. Some people are choosing to bet against Tesla as a result of this. The knowledge doesn't come with the disclaimer when you get it secondhand.

But, you're right that I'm speaking too broadly when I say it is a bet against all renewable energy. Thank you for removing this speck from my eye. I appreciate it.

As to your being offended by my reference: First off let me be clear that Elon Musk is a man. He cries the tears of a man. He has the many failings of a man. Many talks in which he describes his life makes it clear that he hates it and would not recommend it to others. Part of what is feeding into that these days is the cruelty directed toward him, much of which is not fully justified by the ever so slight nature of his failings.

Now as to your attempt to show Elon Musk as having done some sort of wrong? Let me remind you of some of your rusty scripture:

Jesus Christ talks about the many mansions of his father. He does not need to buy them. He made them. All things are made by and for him. Therefore, I'm not about to condemn someone for having mansions, in isolation from the rest of their deeds [2]. Solomon also had incredible wealth. Rather than calling that evil, Jesus Christ described Solomon as wise.

As to bailing out family? Jesus Christ came to save us, despite our sins. A healthy person doesn't need a healer. Moreover, we are described in scripture as children of God. So I'm also not about to condemn a person for trying to help someone related to them. Especially since I consider the continuance of solar deployment to be a moral /good/. That said, I've read the reviews of SolarCity. Clearly SolarCity is falling well short of the rest of Tesla given customer reviews of the company. Hopefully they manage to get things together at some point. That would be wonderful. Eventually, I expect solar to be a dominant provider of energy. It seems to me like a good long-term investment.

[1]: https://twitter.com/TeslaCharts/status/1008405211432570880

[2]: TL;DR for the people who didn't read the article: He bought mansions. The mansion are near another. He converted one it into a school for his kids and others he knew who presumably were interested in attending. The other was for his wife, who was interested in having the option of alternate living arrangements. Another is thought to house security staff. It is a tabloid piece, trying to make a sordid story of Elon Musk's personal life for the entertainment of gawkers.

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

#872

Earlier quoted context omitted.

The actual complaint includes a few tweets by Musk warning shorts to get out within a specific timeframe.

So they were warned of possible actions that might cost them, like going private. Damn if you do, damn if you don't.

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

#873

Earlier quoted context omitted.

The actual complaint includes a few tweets by Musk warning shorts to get out within a specific timeframe.

So they were warned of possible actions that might cost them, like going private. Damn if you do, damn if you don't.

Yeah, but he wasn’t actually going private. He did not follow any procedure to do that (casual talks without firm agreements don’t count).

What it does do is establish a plausible motive for stock manipulation, which is a problem for a jury trial.

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

#874
post #669

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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.

Like that guy Elon accused of being a pedophile in under 30 seconds?

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

#875

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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…

Howard Hughes: RKO, TWA, Las Vegas The numbers are smaller, due to inflation. But any of these successes in today’s money would be a billion dollar venture.

Wow interesting Wikipedia read on him too, you’re right that’s probabaly a billion in today’s dollars tooo.

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

#876

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Yeah, and I believe some of the shorts may have cause to sue (or have already?) directly. But I tend to think the SEC's focus as to damages is not going to be that Elon screwed the shorts. It's going to be that some people bought shares of Tesla at too high a price. I could be wrong, maybe this is more of a general "integrity of markets" kind of thing, and the SEC doesn't care about direct harm at all, they just want…

Yeah I would be surprised if SEC treats short-sellers as different from investors. The general tone you are maintaining is short sellers are some sort of abominable gamblers who thrive on failures of other investors. Uh, no. A short seller is just another investor investing using the tools the market provides.

Exactly. I find it hilarious that some people think that SEC should make sure that a certain category of investors be in profit.

Nopes, SEC makes sure that laws and regulations are followed. Investigations in Enron also led to people losing money.

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

#877
post #624

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Really? Name another smartphpone maker that ships as many VCSELs as Apple did last year. And name a wearable that does as much as the new Apple Watch.

> With only seven million iPhones sold in China during the second quarter of 2018, Apple's market share in the country dropped by 12.5 percent year on year to 6.7 percent, according to a report by the International Data Corporation (IDC) > If you head over to Xiaomi China’s official store (via XDA-Developers) you’ll see three new bundles unsubtly named the XS, XS Max, and XR sets. Included in each bundle is a new Xia…

What's that got to do with VCSELs?

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

#878

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I don't think personal fortune is anywhere near as significant of a motivation for Musk as the public image of his companies or their success. I have no doubt that he let negative headlines get under his skin, and that he wanted to fight back.

If he was angered by the haters, then - while tanking a couple near term shorts would serve that goal - the best most final and bold way to get back at them would be to take the company private (thereby depriving them of the opportunity to short) and succeeding (thus proving them wrong and depriving them of the opportunity to later bandwagon). Ie he meant what he said about his intentions & funding.

I think he also really wanted to do that, but I think he couldn't wait to announce it with a more concrete deal in hand because of the reasons I outlined above.

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

#879

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I have shares and you only lose money if you decide to sell the shares now - price might recover if you hold on to them and if you believe in Tesla's mission and value you might even think it's a good time to buy some more. (This is not financial advice) But like I mentioned, I said he shouldn't have tweeted that message and should have consulted with his business partners first. I think he just wasn't thinking clear…

Sorry but I don't believe you own stocks... this just sounds too naive, like first advice any broker will give you NOT to do is to buy and keep for the sake of it: > I have shares and you only lose money if you decide to sell the shares now Many stocks went to near zero just to get de-listed next minute. Some of these fine folks that have played marked by your advice blew their head off in the process. Never assume s…

Nice rebound today - over 16%...

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

#880

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> Tesla Roadster 2008

Nissan Altran EV, sold in California and fleet-tested, 1998. Nissan Garbage Collecting Truck, mainly sold to the Yokohama city government, 1988. Just saying. https://www.nissan-global.com/EN/ZEROEMISSION/HISTORY/

Just to continue this thread, because it's interesting...

Walter C. Bersey's Hummingbird - 1897

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