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These articles about Elon are interesting to me because Tesla could not have become such a valuable car company in such a short time if it wasn't for Elon, and that includes his personality. Yet, many couch investors would prefer to have a CEO who is stable, boring and predictable. People want to put their money in for steady long-term returns, and not worry. Tesla is doing wild things which are causing crazy growth,…
Personally, I think Elon Musk wants out of Tesla. The things he did lately, all point to this conclusion. Maybe he lost vision or interest in the company, but leaving from his own will would jeopardize the future of the company, since most of Tesla's backers are fans of him. Arranging himself an exit in this way, would make it look as he's the victim left with no choice but leave.
I'd like to add that this could be the case 'subconsciously' without him realizing or rationalizing it to himself.
Personally, I think Elon Musk wants out of Tesla. The things he did lately, all point to this conclusion. Maybe he lost vision or interest in the company, but leaving from his own will would jeopardize the future of the company, since most of Tesla's backers are fans of him. Arranging himself an exit in this way, would make it look as he's the victim left with no choice but leave.
Let’s be extremely clear here: That’s fucking crazy. Musk is acting like a crazy person. Financial regulators are extremely dangerous. They’re vindictive when spurned, have unlimited resources to fight it out, and are absolutely willing to string you up to prove a point. Rejecting a sweetheart deal and forcing your board to fight is nuts. Pride goeth before...
Earlier quoted context omitted.
No, under the settlement he gets to claim perpetual innocence (ie. no intention of doing $420 on purpose). For him 10m is spare change, so long as it means he gets to maintain integrity. Also, as reported in another article, this non-admission of guilt makes it much harder for the DOJ to go after him with a criminal case.
According to the article, the settlement does not let him proclaim innocence (but it doesn't require him to admit guilt). As I read the article, this part was the unchanged between the SEC's first offer and the eventual settlement.
1. No admission of guilt
2. Bar from chairmanship for 2 years
3. $10 million fine for Musk and $10 million fine for Tesla
The final deal was:
1. No admission of guilt
2. Bar from chairmanship for 3 years
3. $20 million fine for Musk and $20 million fine for Tesla
So the 48 hour delay brought Musk nothing in return.
[0] https://www.theverge.com/2018/9/29/17918252/elon-musk-tesla-...
[1] https://www.nytimes.com/2018/09/28/business/elon-musk-tesla-...
These articles about Elon are interesting to me because Tesla could not have become such a valuable car company in such a short time if it wasn't for Elon, and that includes his personality. Yet, many couch investors would prefer to have a CEO who is stable, boring and predictable. People want to put their money in for steady long-term returns, and not worry. Tesla is doing wild things which are causing crazy growth,…
There is no shortage of boring automotive companies to invest in if that's what they want. Invest in Musk if you believe the future won't happen fast enough if you don't. A corporate board making all the decisions would have been long ago crushed by big oil or bigger manufacturers, or their patents bought and buried to continue the status-quo.
> They had passed on Thursday’s generous offer, and the S.E.C. felt compelled to extract greater concessions. The ban on Mr. Musk’s serving as chairman went from two years to three, and his fine doubled to $20 million. Tesla will also pay a $20 million fine, and Mr. Musk agreed to personally buy the same amount in Tesla stock. The extra year of not being chairman seems immaterial if threatening to quit got the board…
No, under the settlement he gets to claim perpetual innocence (ie. no intention of doing $420 on purpose). For him 10m is spare change, so long as it means he gets to maintain integrity. Also, as reported in another article, this non-admission of guilt makes it much harder for the DOJ to go after him with a criminal case.
How would you act if you'd come that far and then find yourself threatened by a horde of wild short-sellers and then the SEC?
Even though his behavior isn't rational, it's understandable to a certain degree.
What exactly does short-selling Tesla stock contribute to our well-being as a society? Even though I think it's correct that the SEC fights spreading false information on Twitter, it must be allowed to ask this question.
I guess Musk should get some sleep, spare some of his fcks about all of this for later and get someone on his team who is competent enough to talk him out of certain things when it gets hot.
Earlier quoted context omitted.
Tesla is facing the prospect of needing to sell a honking load of stock at a discount to deal with their debt, and to do that they need a high stock price. While Musk appears to be a liability in many areas, he is the focus for a cult of personality that has made Tesla what it is, and has shown incredible talent for inflating the price of Tesla’s stock on that basis. So while Tesla as a healthy company without crushi…
Uh, yeah, ok.
These articles about Elon are interesting to me because Tesla could not have become such a valuable car company in such a short time if it wasn't for Elon, and that includes his personality. Yet, many couch investors would prefer to have a CEO who is stable, boring and predictable. People want to put their money in for steady long-term returns, and not worry. Tesla is doing wild things which are causing crazy growth,…
There is no shortage of boring automotive companies to invest in if that's what they want. Invest in Musk if you believe the future won't happen fast enough if you don't. A corporate board making all the decisions would have been long ago crushed by big oil or bigger manufacturers, or their patents bought and buried to continue the status-quo.