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Is Elon Musk trying to commit ‘suicide by SEC’ by taunting the agency?

latimes.com

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Re: Is Elon Musk trying to commit ‘suicide by SEC’ by taunting the agency?

#71

Post by Gibbon1 »

api wrote: post #54
Gibbon1 wrote: post #2

Knowing nothing but chatter on the internet I'd say Musk goes through manic episodes.

Would also explain his energy level. Manics can sometimes "use" their episodes to achieve hyperfocus, but as with synthetically induced mania (amphetamine) there are side effects.

A old DJ/Raver friend mentioned a friend of his went through episode where he moved to Detroit (or some such) put together a Rap Band as their manager and got it signed to a well known label. He knew absolutely no one in Detroit, nothing about rap music, and had no contacts with anyone at a label.

He did that in three months.

Re: Is Elon Musk trying to commit ‘suicide by SEC’ by taunting the agency?

#72

Post by dallashoxton »

ceejayoz wrote: post #67
dallashoxton wrote: post #66

Earlier quoted context omitted.

Elon Musk knows as much about it as we do. It's not like he can call up the SEC and ask them to confirm/deny if they're taking action on him. Sorry, but this story originally came from Bloomberg and I lost all faith in Bloomberg after they refused to retract the SuperMicro story. I will believe it when I see it on the sec.gov website. Until then it's as good as bullshit in my eyes.

> It's not like he can call up the SEC and ask them to confirm/deny if they're taking action on him. He and his legal team will absolutely receive copies of any court filings in this case. Individual filings won't be on sec.gov. You can check PACER, though. This filing also indicates Musk's legal team chimed in about the tweet in response to the SEC's inquiry (page five). If that weren't the case, Musk would certainl…

>Individual filings won't be on sec.gov

For an application to a court seeking that someone be held in contempt of court? Yes, this absolutely would be on sec.gov as a 'litigation release' and there are 2500 such examples listed there. If it were true and the SEC is just waiting to issue a press release, I think it's prudent to actually wait for that rather than believe some apocryphal document.

As for contesting the statement, who knows? He is not exactly the most stable individual these days (which is what makes him and his companies a natural target for shortsellers)

Re: Is Elon Musk trying to commit ‘suicide by SEC’ by taunting the agency?

#73

Post by saghm »

whamlastxmas wrote: post #57
LiquidSky wrote: post #18

Earlier quoted context omitted.

Why this bizarre cultish paranoia? He's in this mess because he committed securities fraud. He got a slap-on-the wrist sweetheart deal and he can't even stick to that. He's done all of this to himself, and he can't seem to stop.

Because he's an innovator in multiple industries and generally seems like the type of person that would be admired on a site like HN and yet he constantly gets shit on for the smallest things.

Committing securites fraud is not something I'd consider one of "the smallest things"

Re: Is Elon Musk trying to commit ‘suicide by SEC’ by taunting the agency?

#74

Post by ramphastidae »

pbreit wrote: post #68
thaumasiotes wrote: post #59

Earlier quoted context omitted.

This... doesn't sound like you've been following him for a very long time. Compare the prior incident -- I'll use a summary from Matt Levine again: > Remember when Tesla Inc. Chief Executive Officer Elon Musk committed securities fraud by falsely claiming on Twitter that he had secured financing to take Tesla private? Remember how Musk and Tesla settled with the Securities and Exchange Commission by agreeing to pay f…

That exchange is exactly what he agreed to: only tweets that could be material needed pre-approval.

The FDA should only inspect contaminated meat.

Re: Is Elon Musk trying to commit ‘suicide by SEC’ by taunting the agency?

#75

Post by iamcreasy »

pbreit wrote: post #68
thaumasiotes wrote: post #59

Earlier quoted context omitted.

This... doesn't sound like you've been following him for a very long time. Compare the prior incident -- I'll use a summary from Matt Levine again: > Remember when Tesla Inc. Chief Executive Officer Elon Musk committed securities fraud by falsely claiming on Twitter that he had secured financing to take Tesla private? Remember how Musk and Tesla settled with the Securities and Exchange Commission by agreeing to pay f…

That exchange is exactly what he agreed to: only tweets that could be material needed pre-approval.

What was said on that tweet, that made SEC angry was, already mentioned in the Tesla earning - therefore is a public knowledge. This tweeter thread has a screenshot of the transcript. https://twitter.com/elonmusk/status/1100215984713957376

Later Elon called SEC out on their lack of due diligence. "SEC forgot to read Tesla earnings transcript, which clearly states 350k to 500k. How embarrassing … " Source: https://twitter.com/elonmusk/status/1100215984713957376

Re: Is Elon Musk trying to commit ‘suicide by SEC’ by taunting the agency?

#76

Post by contingencies »

Gibbon1 wrote: post #71
api wrote: post #54

Earlier quoted context omitted.

Would also explain his energy level. Manics can sometimes "use" their episodes to achieve hyperfocus, but as with synthetically induced mania (amphetamine) there are side effects.

A old DJ/Raver friend mentioned a friend of his went through episode where he moved to Detroit (or some such) put together a Rap Band as their manager and got it signed to a well known label. He knew absolutely no one in Detroit, nothing about rap music, and had no contacts with anyone at a label. He did that in three months.

Oldschool ravers - powered by another Alphabet.

Re: Is Elon Musk trying to commit ‘suicide by SEC’ by taunting the agency?

#77

Post by thaumasiotes »

iamcreasy wrote: post #63
thaumasiotes wrote: post #59

Earlier quoted context omitted.

This... doesn't sound like you've been following him for a very long time. Compare the prior incident -- I'll use a summary from Matt Levine again: > Remember when Tesla Inc. Chief Executive Officer Elon Musk committed securities fraud by falsely claiming on Twitter that he had secured financing to take Tesla private? Remember how Musk and Tesla settled with the Securities and Exchange Commission by agreeing to pay f…

You are cherry picking a few minutes from an interview that was several hours long. CNBC didn't air the full interview, and the cut at that point of the interview as very misleading. Here is what Elon said in response, "This is a very misleading edit. Please post the full transcript where I complete the sentence." Source: https://twitter.com/elonmusk/status/1072373731039870979 He also said "60 Mins actually had sever…

> Elon said in response, "This is a very misleading edit. Please post the full transcript where I complete the sentence."

To be totally clear, the sentence being referred to is no part of what I mentioned above, and would not appear to be relevant.

> You are cherry picking a few minutes from an interview that was several hours long.

Was there another part of the interview where he said he would comply? That seems unlikely, given that he still hasn't complied. This isn't "cherry picking" so much as "taking the part that we're talking about, and ignoring the parts that have nothing to do with it".

Re: Is Elon Musk trying to commit ‘suicide by SEC’ by taunting the agency?

#78

Post by lisper »

travisoneill1 wrote: post #47
Despegar wrote: post #8

>Of more concern to Tesla investors: What if he knows something they don’t know about the company’s financial future — and is hoping to hang any failure on the nasty, overreaching regulators rather than his own dubious management skills? That seems very possible. I think the reality of scaling up Tesla to live up to its valuation might be too daunting for Elon to handle. It might even be impossible. EV sales as a % o…

> If EV's do take off, it's likely to be the established car manufacturers who are good at making cars at scale who eventually capitalize on the opportunity. This is what I used to think, but every year the "Tesla killers" fail to kill, or even wound. I never even hear about the other EV's by themselves, only as the competition to Tesla. Anybody who watches the news would have known that the Model 3 was a colossal fa…

> every year the "Tesla killers" fail to kill, or even wound

That's true, but I think it's because of bad marketing rather than bad technology. The Chevy Bolt has the specs to beat the Model 3, but it is being positioned as a low-end car, a competitor to the Honda Civic rather than the Model 3. Power seats, for example, are not even offered as an option. That is not a car a rich person is going to buy to impress their friends. But GM could easily turn it into such a car. They obviously know how to make power seats. All the heavy lifting has been done. I have no idea why they aren't doing it, but GM has a long history of shooting itself in the foot when it comes to electric vehicles.

Re: Is Elon Musk trying to commit ‘suicide by SEC’ by taunting the agency?

#79

Post by smallgovt »

I don't see how he can reasonably defend himself in this situation. His tweet was both material and inaccurate. Tweeting material information without clearance is obviously against his settlement.

What confuses me is that TSLA's price hasn't suffered. I have a hunch this isn't as serious of a matter as is being reported, but I'm not sure why.

Re: Is Elon Musk trying to commit ‘suicide by SEC’ by taunting the agency?

#80

Post by macinjosh »

smallgovt wrote: post #79

I don't see how he can reasonably defend himself in this situation. His tweet was both material and inaccurate. Tweeting material information without clearance is obviously against his settlement. What confuses me is that TSLA's price hasn't suffered. I have a hunch this isn't as serious of a matter as is being reported, but I'm not sure why.

I think it is not serious because on Tesla's earning call they already announced the same 500k number.
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