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SEC Asks Manhattan Federal Court to Hold Elon Musk in Contempt

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Re: SEC Asks Manhattan Federal Court to Hold Elon Musk in Contempt

#101

Post by gamblor956 »

supernovae wrote: post #81
blhack wrote: post #75

Earlier quoted context omitted.

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 .

We don't even hold our president liable for what he says on twitter.

Trump's twitter statements have actually been used in court to strike down several of his executive actions...

Re: SEC Asks Manhattan Federal Court to Hold Elon Musk in Contempt

#102

Post by what_ever »

supernovae wrote: post #81
blhack wrote: post #75

Earlier quoted context omitted.

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 .

We don't even hold our president liable for what he says on twitter.

Whataboutism.

Re: SEC Asks Manhattan Federal Court to Hold Elon Musk in Contempt

#103

Post by [deleted] »

katabatic wrote: post #40
Waterluvian wrote: post #22

Earlier quoted context omitted.

...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.

This is true for every employee of every public company on the planet. We're discussing it here because Mr. Musk thinks the rules don't apply to him.

[deleted]

Re: SEC Asks Manhattan Federal Court to Hold Elon Musk in Contempt

#104

Post by 2muchcoffeeman »

bytematic wrote: post #74
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.

Making him immune to mistakes?

So he should stop tweeting about company related matters unless someone has cleared him to do so.

Seriously why? Do you go around teeeting about potentially sensitive company info? Employees don’t do it, why is Elon doing it?

Re: SEC Asks Manhattan Federal Court to Hold Elon Musk in Contempt

#105

Post by staticautomatic »

I think the answer should be designating official channels like the company's website or an SEC-managed site that you can post to. Everything else gets designated non-official and carries a warning notice saying it's not official so if you wanna trade on it or whatever you do so at your own risk.

Re: SEC Asks Manhattan Federal Court to Hold Elon Musk in Contempt

#106

Post by gamblor956 »

blhack wrote: post #90
empath75 wrote: post #79

Earlier quoted context omitted.

According to the company his twitter feed is an official source of information about the company.

Where? https://www.google.com/search?rlz=1C1CHBF_enUS791US791&biw=1...

In one of their SEC filings. You need to search EDGAR.

Re: SEC Asks Manhattan Federal Court to Hold Elon Musk in Contempt

#108

Post by buboard »

spectramax wrote: post #3

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,…

The rules never apply equally to everyone. Tesla needs elon and elon needs twitter to hype up millions of people so he can achieve his goals. I m not a fan of the guy, but he's got the resolve to make things happen. if you take away his twitter, it will be bad for the future of tesla.

Re: SEC Asks Manhattan Federal Court to Hold Elon Musk in Contempt

#109

Post by ikeboy »

jaimex2 wrote: post #93
mlindner wrote: post #51

Earlier quoted context omitted.

Except that was already public information.

Correct. It was in the outlook of the last quarterly: http://ir.tesla.com/static-files/0b913415-467d-4c0d-be4c-922...

That says 500k annualized, not 500k for the year

Re: SEC Asks Manhattan Federal Court to Hold Elon Musk in Contempt

#110

Post by cat199 »

eduah wrote: post #92

Guidance for this year was 350k - 500k. Elon said several times on the call that he thought they could beat the 500k. This is a technicality on not getting approval for a tweet that could unreasonably be interpreted as saying they are definitely hitting 500k 8 months from now. This is stupid. https://twitter.com/_jameshatfield_/status/11001772987230945...

as stupid as tweeting incorrectly and without legal review when tweeting correctly and with review is essentially your simple, easy to observe, 'terms of parole'?
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