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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?

#121

Post by HeadsUpHigh »

DennisP wrote: post #40
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…

It'd be daunting even if he weren't simultaneously running a space launch company and personally leading the rocket engine design team: https://twitter.com/lrocket/status/1099411086711746560?s=21 Though if it's all too much and he'd rather focus on rockets, I don't see why he wouldn't just step down as Tesla CEO. If things go south he could just blame the new CEO.

Musk is basing his entire funding plans for Mars colonisation in Tesla succeeding. Read his new CEO contract, it's another moon shot. He doesn't intend to step down any time soon. Apparently a new wave of shorts FUD has started to spread now which probably means Tesla has something new to unveil and people are preparing for the next round of hate. Let's see how the semi and the Y turn out.

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

#122

Post by aeternus »

paulsutter wrote: post #44

Personally I’d rather see him focus on SpaceX and the Boring Company. The legacy manufacturers have all caught the bug, batteries are achieving mass scale in China, and electric vehicles have irreversible momentum. Mission accomplished.

But which one of those legacy manufacturers would dare put rocket thrusters on their next model?

https://twitter.com/elonmusk/status/1005577738332172289

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

#123

Post by newsbinator »

elliekelly wrote: post #91
newsbinator wrote: post #49

Earlier quoted context omitted.

This begs the question: does Elon Musk seem like the kind of person who isn't willing to fail in public? Whether it's for personality reasons or for the sake of keeping his other companies well respected, is he unwilling to let the public lose confidence in him and/or his projects? My guess is he doesn't care that much about our opinions of him, personally and professionally. He might be picking a fight with the SEC…

There’s no such thing as “FU money” with the SEC though. They can bar him from serving in any fiduciary capacity on behalf of any company under their jurisdiction. For life. Musk is playing with fire.

I agree that I wouldn't be playing with fire in his position, but I'm not surprised that someone with a track record of unicorns is doing things that nobody else would fathom to do.

Either he's very bad at this and getting worse, or he knows something we don't.

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

#125

Post by rejschaap »

JauntTrooper wrote: post #85
krick wrote: post #70

Maybe I'm naïve, but I'm actually buying the obliviousness of his behavior. I don't really believe in Tesla and would gladly buy the whole "suicide by SEC" thing, but reading what actually happened, this doesn't really sound like a big deal. Musk has been having emotional moments for a long time now, at this point it's really easy for me to just shrug off this as "he's always been like this". The last ten years of Mu…

He's not oblivious. He's being obstinate and bristling at their authority. He's been CEO of a public Tesla for 9 years now. Respecting the SEC and securities laws is just part of the CEO job. He's got great lawyers that remind him of this daily. And you'd think the $20 million fine and loss of the Chairman role would be enough of a wake up call. It's so frustrating to see, because I really want Tesla to succeed and I…

> Respecting the SEC and securities laws

He should respect the law, as in abide the law. But should he really show respect, as in deep admiration to the law or the commission? I know America is not the land of the free it used to be, but it is not a totalitarian state yet.

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

#126

Post by serf »

mandeepj wrote: post #120
mhermher wrote: post #112

Earlier quoted context omitted.

He can't. Those short sellers know that he's a fraud and he's scared to death of being exposed.

fraud? exposed? You don't start two or rather three industries with those qualities

I agree that 'fraud' and 'exposed' are complete hyperbolic falsities , but what industries did Musk start, exactly?

The closest I can think of is his early e-banking-ish stuff.

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

#128

Post by yread »

mandeepj wrote: post #119
travisoneill1 wrote: post #47

Earlier quoted context omitted.

> 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…

Musk has already promised a $25k Model 3 in 3 years. https://electrek.co/2018/08/17/tesla-cheaper-25000-electric-...

Oooh Musk promised something. That will surely happen, then.

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

#129

Post by unityByFreedom »

uptownfunk wrote: post #108

Musk is another tortured CEO prodigy, as was Jobs. You can get rid of him, he can inadvertently get rid of himself, but at the end of the day he is Tesla. Take him out of Tesla, and you get for electric vehicles what happened to the iPhone / Apple after Jobs died. Yeah they may pump out a few more Model X's, S's, 3's with some minor mods, keep milking the cow (if it even is a cow, maybe a potential cow, and also if t…

The Musk/Jobs companions is a bit of a stretch. Jobs had a profitable product and company from the start. Musk never founded such a company, and was booted as PayPal CEO after a short stint.

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

#130

Post by Traster »

rejschaap wrote: post #125
JauntTrooper wrote: post #85

Earlier quoted context omitted.

He's not oblivious. He's being obstinate and bristling at their authority. He's been CEO of a public Tesla for 9 years now. Respecting the SEC and securities laws is just part of the CEO job. He's got great lawyers that remind him of this daily. And you'd think the $20 million fine and loss of the Chairman role would be enough of a wake up call. It's so frustrating to see, because I really want Tesla to succeed and I…

> Respecting the SEC and securities laws He should respect the law, as in abide the law. But should he really show respect, as in deep admiration to the law or the commission? I know America is not the land of the free it used to be, but it is not a totalitarian state yet.

You're taking one of the two definitions of respect, the other definition is:

>due regard for the feelings, wishes, or rights of others.

Which seems like a perfectly reasonable proposition.

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