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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?

#191

Post by anth_anm »

dallashoxton wrote: post #62
asdfasgasdgasdg wrote: post #52

Earlier quoted context omitted.

So, let me get this straight. You think short sellers are a massive cabal of evil geniuses and they just go around forging court documents and duping journalists? But just in the case of TSLA, not all the other companies it would be possible to short? And you think that's more likely than that the SEC asked the judge to hold Musk in contempt, which he obviously is by a plain reading of the settlement agreement ? This…

You're acting as if market manipulation is some far-out conspiracy theory rather than something relatively common. I don't think it takes a "kabal of evil geniuses" to dupe a few credulous journalists who are incentivized and looking for a scoop by forging some documents. There are far more complex market manipulation conspiracies that are well-documented (see: LIBOR scandal) Furthermore, why haven't we heard anythin…

> You're acting as if market manipulation is some far-out conspiracy theory rather than something relatively common.

of course it's common.

https://twitter.com/elonmusk/status/1026872652290379776?lang...

There's one excellent example of illegal market manipulation.

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

#192

Post by anth_anm »

elliekelly wrote: post #100
ceejayoz wrote: post #53

Earlier quoted context omitted.

> Musk paid the SEC $20m in his last settlement, what do they want, gratitude? They want him to follow the other terms of the settlement, presumably. The fine's only a part of the punishment.

But it (aside from the $20 million fine) it isn’t even a punishment . Every publicly-traded company has their tweets reviewed. Every. Single. One. It’s normal . It’s reasonably prudent for both the CEO and the shareholders. No shareholder wants to wake up and find 5%+ of market cap has been wiped out with a tweet.

Uh, he also got removed as a chairman.

Having the sense to review tweets is different than having an SEC settlement enforcing such action.

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

#193

Post by appsonify »

sk5t wrote: post #106
appsonify wrote: post #36

Earlier quoted context omitted.

I agree, that Musk is hiding something, one that would seriously hamper his reputation. I think it might have to do something with the Solar City acquisition. He doesn't want to admit he fucked up and failed because it would cast doubt on all his other half-baked ideas. Tesla will definitely feel the pressure from other car manufacturers, but so far it has nothing much to worry about as the only really viable game ch…

Let's see how it goes with the Porsche Taycan. Porsche minds the engineering details that Audi, for some strange reason, often misses.

ah I was not aware that Porsche did that, is there example of this? I'm a petrolhead myself.

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

#194

Post by elliekelly »

anth_anm wrote: post #192
elliekelly wrote: post #100

Earlier quoted context omitted.

But it (aside from the $20 million fine) it isn’t even a punishment . Every publicly-traded company has their tweets reviewed. Every. Single. One. It’s normal . It’s reasonably prudent for both the CEO and the shareholders. No shareholder wants to wake up and find 5%+ of market cap has been wiped out with a tweet.

Uh, he also got removed as a chairman. Having the sense to review tweets is different than having an SEC settlement enforcing such action.

Remember, the SEC's function is to protect investors. Likewise, the function of the Chairperson of the Board is to represent investors on the Board. The SEC didn't remove Musk as Chair to punish him for his actions. The settlement required Musk to step down as Chair to give investors the representation they're entitled to because Musk didn't fulfill the fiduciary obligations of the role.

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

#195

Post by thisacctforreal »

y4mi wrote: post #148
harry8 wrote: post #135

Earlier quoted context omitted.

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?"

Off-topic but someone else will likely get that device, the iPhone 5s from October 2013 has the latest iOS.

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

#196

Post by travisoneill1 »

anth_anm wrote: post #171
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…

Do you pay attention to other cars besides tesla? What Tesla killers have failed? > Last I heard they got the price down to $45K, so they are in striking distance of the $35K target and won't stop there Are they? That's a 20% price drop still to go.

I don't pay attention to any cars at all (other than my ancient Ford Ranger), but I still hear about Tesla. Advantage Tesla.

All of them. Tesla is still eating everybody's lunch in the EV space, right?

Tesla is the first company to mass manufacture EV's. At this stage of tech / economy of scale a 20% price drop is trivial.

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

#197

Post by notfromhere »

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.

He doesn't run day-to-day, which is probably the reason its not a shitshow

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

#198

Post by anth_anm »

travisoneill1 wrote: post #196
anth_anm wrote: post #171

Earlier quoted context omitted.

Do you pay attention to other cars besides tesla? What Tesla killers have failed? > Last I heard they got the price down to $45K, so they are in striking distance of the $35K target and won't stop there Are they? That's a 20% price drop still to go.

I don't pay attention to any cars at all (other than my ancient Ford Ranger), but I still hear about Tesla. Advantage Tesla. All of them. Tesla is still eating everybody's lunch in the EV space, right? Tesla is the first company to mass manufacture EV's. At this stage of tech / economy of scale a 20% price drop is trivial.

I'd put the Jaguar I-Pace as more of a Tesla killer than pretty much anything else that has come out. Even then, you don't see a Jaguar that often.

If BMW comes out with a luxury sedan electric car that would be a tesla killer.

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

#199

Post by travisoneill1 »

anth_anm wrote: post #198
travisoneill1 wrote: post #196

Earlier quoted context omitted.

I don't pay attention to any cars at all (other than my ancient Ford Ranger), but I still hear about Tesla. Advantage Tesla. All of them. Tesla is still eating everybody's lunch in the EV space, right? Tesla is the first company to mass manufacture EV's. At this stage of tech / economy of scale a 20% price drop is trivial.

I'd put the Jaguar I-Pace as more of a Tesla killer than pretty much anything else that has come out. Even then, you don't see a Jaguar that often. If BMW comes out with a luxury sedan electric car that would be a tesla killer.

I guess we'll see. Model 3 seems to be moving towards the Toyota Camry market and away from the BMW market, though. I think there is room for both, and hopefully many more too. EV's are at the early stage where new entrants will be cannibalizing gas car sales more than each others.

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

#200

Post by Sohcahtoa82 »

anth_anm wrote: post #198
travisoneill1 wrote: post #196

Earlier quoted context omitted.

I don't pay attention to any cars at all (other than my ancient Ford Ranger), but I still hear about Tesla. Advantage Tesla. All of them. Tesla is still eating everybody's lunch in the EV space, right? Tesla is the first company to mass manufacture EV's. At this stage of tech / economy of scale a 20% price drop is trivial.

I'd put the Jaguar I-Pace as more of a Tesla killer than pretty much anything else that has come out. Even then, you don't see a Jaguar that often. If BMW comes out with a luxury sedan electric car that would be a tesla killer.

> If BMW comes out with a luxury sedan electric car that would be a tesla killer.

Instead they produced the i3 which is ugly as sin, has only 180 mile range even WITH the gas-powered range extender, and underwhelming performance, and the i8 which is an overpriced plug-in hybrid with only 15 miles of electric range.

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