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Tesla is under a federal wire fraud probe for misleading investors

arstechnica.com

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Re: Tesla is under a federal wire fraud probe for misleading investors

#11
post #7
post #4

Earlier quoted context omitted.

> "the world's most overvalued stock" There's always Trump Media & Technology Group Corp, ticker DJT. $6.5 billion market cap. Annual revenue $4 million (that's an "m"). It's a social media company that doesn't reveal any usage numbers or other KPIs. The company's auditor was just revealed by the SEC to be a complete scam with 100% fraudulent audits. So why would anyone buy this? Well, it's 65% owned by a presidentia…

Wait, DJT un-crashed?

[flagged]

Re: Tesla is under a federal wire fraud probe for misleading investors

#13
post #7
post #4

Earlier quoted context omitted.

> "the world's most overvalued stock" There's always Trump Media & Technology Group Corp, ticker DJT. $6.5 billion market cap. Annual revenue $4 million (that's an "m"). It's a social media company that doesn't reveal any usage numbers or other KPIs. The company's auditor was just revealed by the SEC to be a complete scam with 100% fraudulent audits. So why would anyone buy this? Well, it's 65% owned by a presidentia…

Wait, DJT un-crashed?

[deleted]

Re: Tesla is under a federal wire fraud probe for misleading investors

#14
post #4

And apparently stopping hiring: https://gizmodo.com/tesla-hiring-freeze-job-postings-elon-mu... I'd be dumping TSLA so hard right now if I owned any, has to be the world's most overvalued stock right?

> "the world's most overvalued stock" There's always Trump Media & Technology Group Corp, ticker DJT. $6.5 billion market cap. Annual revenue $4 million (that's an "m"). It's a social media company that doesn't reveal any usage numbers or other KPIs. The company's auditor was just revealed by the SEC to be a complete scam with 100% fraudulent audits. So why would anyone buy this? Well, it's 65% owned by a presidentia…

$2.5M revenue, $52M loss. What even is that?

[1]: https://companiesmarketcap.com/trump-media-technology-group/...

Re: Tesla is under a federal wire fraud probe for misleading investors

#16

When Tesla entered the fortune 500 and my SPY stock bought it, I was enraged that someone could swindle their way into auto-buys. Genuinely not sure what to think of the stock market/index funds since that happened. I'd like to get some sort of compensation that is GREATER than my cost.

You could be like my buddy and change your 401k allocations to TSLA and some crypto indexes. He said he bought TSLA at a little less than $300. Hopefully he still has some in a target date fund.

Re: Tesla is under a federal wire fraud probe for misleading investors

#17
post #4

Earlier quoted context omitted.

> "the world's most overvalued stock" There's always Trump Media & Technology Group Corp, ticker DJT. $6.5 billion market cap. Annual revenue $4 million (that's an "m"). It's a social media company that doesn't reveal any usage numbers or other KPIs. The company's auditor was just revealed by the SEC to be a complete scam with 100% fraudulent audits. So why would anyone buy this? Well, it's 65% owned by a presidentia…

$2.5M revenue, $52M loss. What even is that? [1]: https://companiesmarketcap.com/trump-media-technology-group/...

A way for foreign nationals to donate billions to a US presidential campaign legally.

Re: Tesla is under a federal wire fraud probe for misleading investors

#18
post #7

Earlier quoted context omitted.

Wait, DJT un-crashed?

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This is factually untrue, easily disprovable by checking the chart over 3 months - https://www.cnbc.com/quotes/DJT.

What are you going to do now? Claim that going from $66 to $22 isn't a crash?

Re: Tesla is under a federal wire fraud probe for misleading investors

#19
post #12

Got a feeling that this August is the last chance Elon has to show off a working believable robotaxi/FSD or the hammer will fall hard on Tesla. There are too many viable options for both electic cars and personal robots out there now.

No hammer is falling. Ultimately any American government loves the idea of an American manufacturer making cars in America too much. Nothing will happen to Musk because without him, Tesla would suddenly be valued as a car manufacturer instead of a fantasy land saviour of the entire world. I don't like Musk, but his distortion field is what keeps their stock price afloat.

Re: Tesla is under a federal wire fraud probe for misleading investors

#20

When Tesla entered the fortune 500 and my SPY stock bought it, I was enraged that someone could swindle their way into auto-buys. Genuinely not sure what to think of the stock market/index funds since that happened. I'd like to get some sort of compensation that is GREATER than my cost.

What do you mean not sure what to think? Index funds have to follow their prescribed rules. I am also fairly certain any losses you may have experienced would be minor.
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