SEC Asks Manhattan Federal Court to Hold Elon Musk in Contempt

Post by supernovae » Tue, Feb 26, 2019, 12:26 AM UTC

blhack wrote: post #75

minimaxir wrote: post #69

Earlier quoted context omitted.

> This seems like a pretty simple mistake to have made Elon Musk is the head of a public corporation, not a random Twitter user.

He's a human being who also happens to be the head of a public corporation. We can't expect every single action he takes at every point to be filtered into legalese. IMO, if he had said this in an earnings call, or presented it in a way that made it seem "official", then I could get the problem, but it's twitter .

Post by bjl » Tue, Feb 26, 2019, 12:27 AM UTC

blhack wrote: post #75

minimaxir wrote: post #69

Earlier quoted context omitted.

> This seems like a pretty simple mistake to have made Elon Musk is the head of a public corporation, not a random Twitter user.

He's a human being who also happens to be the head of a public corporation. We can't expect every single action he takes at every point to be filtered into legalese. IMO, if he had said this in an earnings call, or presented it in a way that made it seem "official", then I could get the problem, but it's twitter .

Post by detaro » Tue, Feb 26, 2019, 12:28 AM UTC

blhack wrote: post #75

minimaxir wrote: post #69

Earlier quoted context omitted.

> This seems like a pretty simple mistake to have made Elon Musk is the head of a public corporation, not a random Twitter user.

He's a human being who also happens to be the head of a public corporation. We can't expect every single action he takes at every point to be filtered into legalese. IMO, if he had said this in an earnings call, or presented it in a way that made it seem "official", then I could get the problem, but it's twitter .

Post by eduah » Tue, Feb 26, 2019, 12:28 AM UTC

grigjd3 wrote: post #57

mlindner wrote: post #43

Earlier quoted context omitted.

Canned by the company yes, not canned by the government.

Government isn't canning Musk. They're fining him for releasing material misinformation about his company. This has been well established in the law.

Post by [deleted] » Tue, Feb 26, 2019, 12:28 AM UTC

blhack wrote: post #64

My knowledge of how publicly traded companies work is very limited, but: Was what he said really that bad? He said: >Tesla made 0 cars in 2011, but will make around 500k in 2019 And then later corrected himself with: >Meant to say annualized production rate at end of 2019 probably around 500k, ie 10k cars/week. Deliveries for year still estimated to be about 400k. This seems like a pretty simple mistake to have made,…