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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?

#141

Post by thaumasiotes »

iamcreasy wrote: post #86
thaumasiotes wrote: post #77

Earlier quoted context omitted.

> 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 unl…

Elon is referring to the last sentenced your quoted from the interview. Is he going to stick to the settlement? Who knows. Did he break the law by tweeting the figures? No. Why not? Because the information was already public. He said it in recent Tesla earning. Please google for more information.

> Elon is referring to the last sentenced your quoted from the interview.

No, he isn't. The thread you link is discussing this sentence:

> I mean that's not realistic, because I am the largest shareholder in the company and a very high percentage of the shareholders support me and the company. So essentially I could just pull for a shareholder vote and get anything I want [provided I could get support for at least a third of the other shareholders].

(The material within [] was apparently not quoted by CBS. This is a fair complaint for Elon Musk to make, but it's not part of anything I quoted, and it doesn't address the settlement, compliance efforts, or the relationship between Musk and the SEC.)

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

#142

Post by unityByFreedom »

xiphias2 wrote: post #140
unityByFreedom wrote: post #81

Earlier quoted context omitted.

Tesla's valuation

Tesla's growing 50% / year, and the valuation shows expected future earnings. Only some Chinese electric car companies grow faster than Tesla. So far it looks like in 10 years electric cars will get cheaper than gas cars, which makes the case for the future earnings potential.

Eh, I'm pretty sure a big factor of the valuation is full self driving, and that isn't happening anytime soon despite Musk's repeated insistence it is only a year or two away from when he last said so.

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

#143

Post by kamaal »

lisper wrote: post #116
colordrops wrote: post #114

Earlier quoted context omitted.

> The Chevy Bolt has the specs to beat the Model 3 Really? What specifications? The Model 3 is better in pretty much every way in every comparison I've ever seen, including specs directly from the manufacturer websites.

Let me rephrase that. The Bolt has the specs to be what the Model 3 promised to be but isn't: a practical all-electric car with reasonable range at a <$40k MSRP.

>>The Bolt has the specs to be what the Model 3 promised to be but isn't

Could be that this is the same large company problem that is often seen elsewhere. In most established firms it impossible to bring up a new line of products that cannibalize the existing products. In order for any large car manufacturer to make it big on EV, they have to allow their EV offering to beat their existing products, that's impossible in most companies.

Besides merely the car isn't what Tesla is about. The fact that you can bypass dealerships, online ordering, supercharger network etc kind of add to a new paradigm of doing things. For existing manufacturers, they will have to kill a lot of their existing business to get that to work.

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

#144

Post by kamaal »

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.

>>They can bar him from serving in any fiduciary capacity on behalf of any company under their jurisdiction.

Seems like a nice idea to encourage him to start a car company some where in Germany. Also the fact that over zealous prosecutors go after industrialists won't exactly motivate(more like scare away) people wanting to start companies.

Sometimes you must opt not to fight a few contests. The fact that you can win, means a net negative in the larger scheme of things.

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

#146

Post by Fjolsvith »

kamaal wrote: post #143
lisper wrote: post #116

Earlier quoted context omitted.

Let me rephrase that. The Bolt has the specs to be what the Model 3 promised to be but isn't: a practical all-electric car with reasonable range at a <$40k MSRP.

>>The Bolt has the specs to be what the Model 3 promised to be but isn't Could be that this is the same large company problem that is often seen elsewhere. In most established firms it impossible to bring up a new line of products that cannibalize the existing products. In order for any large car manufacturer to make it big on EV, they have to allow their EV offering to beat their existing products, that's impossible…

I've done the same thing with my shed business with online ordering. Cut the dealers out and the product is far better priced.

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

#147

Post by apexalpha »

unityByFreedom wrote: post #129
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.

SpaceX.

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

#148

Post by y4mi »

harry8 wrote: post #135
dingaling wrote: post #110

Earlier quoted context omitted.

But it does illustrate wooden-headed marketing. Two such similar names and no implicit means of distinguishing one from the other, except perhaps "the one that sounds like it should be the pure EV isn't". No wonder people are confused and think GM is discontinuing the EV. I can't imagine Apple releasing the yPhone alongside the iPhone.

Haha. Great line. Forevermore I shall refer to it as the yPhone. Cheers!

indeed, it even captures my personal thoughts when i see them in the wild: the WHY phone

> "why would you spent so much money for a device you'll throw away in less then 24 month anyway?"

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

#149

Post by bjl »

apexalpha wrote: post #147
unityByFreedom wrote: post #129

Earlier quoted context omitted.

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.

SpaceX.

We have absolutely no idea whether or not SpaceX is profitable.

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

#150

Post by PhantomGremlin »

elliekelly wrote: post #95
xvf22 wrote: post #3

I'm honestly unsure what he has to gain by doing this. I can't imagine that the departure of the counsel isn't related. Maybe the GC announced he was leaving and that rattled Musk somehow? Very strange.

I suspect you have the cause/effect of the GC leaving backwards.

Exactly.

On Feb 19 Elon Musk tweets 500K cars.

On Feb 20 Tesla General Counsel, after 2 months on the job, says "fuck this, I'm too old to put up with this shit, I'm outta here".

Actually the GC was a little more diplomatic. As CNBC put it: A person familiar with the matter said he was not a good cultural fit with Tesla and wanted to return to his family and law practice in Washington, D.C.

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