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That's incorrect if you read the SEC filling the problem was that he was projecting 2019 production publicly
Right, he was projecting 2019 production publicly, and the SEC cites the first tweet as the projection that violated the original agreement.
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According to the filing posted by another user, the first one.
That's incorrect if you read the SEC filling the problem was that he was projecting 2019 production publicly
That is also incorrect.
The settlement only mandated that Musk get company approval for Tesla-related tweets. It would have been as simple as him sending an email with the proposed tweet to get signoff before blasting it out there. This is actually extremely common and partially for these sorts of reasons.
The SEC asked Tesla if Musk followed the agreement by getting approval for the tweet. He didn't, thus this filing.
At this point, the board of directors should just demand deletion of his Twitter account. I admire Elon for his vision, and actually also admire his radical style despite of its unpopular image - I watched the video where he smoked pot on the radio show. It was a really amazing conversation about future of humanity. He just needs to stop tweeting. You may say it’s fixing the symptom, but here if we take Twitter away,…
...Can a corporation demand an employee waive their right to speech as a private citizen? I think even if so, that's a terrible idea.
Surely the SEC has something better to do than attack someone for tweeting.
Oh, you mean like uphold the law?
At this point, the board of directors should just demand deletion of his Twitter account. I admire Elon for his vision, and actually also admire his radical style despite of its unpopular image - I watched the video where he smoked pot on the radio show. It was a really amazing conversation about future of humanity. He just needs to stop tweeting. You may say it’s fixing the symptom, but here if we take Twitter away,…
He doesn't need to delete it, but if he is going to post market moving information (like production for 2019 is not 400K but 500K) he'd get the approved by someone else like Tesla's GC.
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I mean, I'm fairly certain that if I started publicly bad-mouthing my company and they noticed, I'd be canned.
Canned by the company yes, not canned by the government.
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How about, "helped every piece of news break faster." I knew about every trade during the run up to today's 3pm NHL trade deadline many minutes and sometimes hours before the stories appeared on nhl.com or sportsnet, etc.
> I knew about every trade during the run up to today's 3pm NHL trade deadline many minutes and sometimes hours before the stories appeared on nhl.com or sportsnet, etc. Is that just for entertainment or did you use that information in some way? It's similar to papers or tv stations crowing how they broke a story. So what? Do I really need (or do most people) to know that there is a mass tragedy (only one example) th…
"just" is just your opinion
> Do I really need (or do most people) to know
I do.
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That's incorrect if you read the SEC filling the problem was that he was projecting 2019 production publicly
> the problem was that he was projecting 2019 production publicly That is also incorrect. The settlement only mandated that Musk get company approval for Tesla-related tweets. It would have been as simple as him sending an email with the proposed tweet to get signoff before blasting it out there. This is actually extremely common and partially for these sorts of reasons. The SEC asked Tesla if Musk followed the agree…
Surely the SEC has something better to do than attack someone for tweeting.
Not if that person has posted: 1) MAJOR false market moving information regarding a buyout with funding committed that both never happened and turned out to be basically hot air to get back at shorts 2) AGREED to pre-approval of tweets about tesla so that "mistakes" wouldn't happen again 3) Promptly tweaks another FALSE and market moving prediction about 2019 production (500K), which almost immediately leads to the r…
If anything the TSLA shareholders should sue the SEC for material damage because of these attacks.
Finally, the guidance wasn't 400k, it was 300k-500k. So this was already public information.