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I'm curious - supposing HN had the power to decide, would you replace Elon Musk as CEO of Tesla? What kind of future does the company have without its founder? Personally, I think I would be much more confident in Tesla, and much more likely to buy a Tesla product, if he were not in charge.
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Yes, it can be an oversimplification, but in this case it isn't. He clearly wanted to pump up the stock price and screw short sellers (he threw lots of indicators in the public space), and his statement was clearly and knowingly false. There was no secured funding. Optimism might justify a statement like "final stages of signing funding" or "almost closed the deal" or even "funding as good as secured" -- there might…
> He clearly wanted to pump up the stock price and screw short sellers (he threw lots of indicators in the public space), and his statement was clearly and knowingly false. There was no secured funding. No this is not textbook at all. See previous citation from the SEC re: intentionality as a key element in criminal fraud. "Clearly and knowingly false" is just a serious-sounding way to say a misstatement. Did Musk no…
Imagine a private company with ballistic missiles and submarines... I was musing the other day that Elon Musk may be planning to run for president. Why? Well, if there's one thing that 2016 showed us, it's that the road to the White House runs through snubbing Wall Street, calling the press a bunch of boring liars, accusing your opponents of pedophilia, making bizarre incoherent tweet storms in the middle of the nigh…
It'd be funny but since he was born in South Africa he's disqualified from running.
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As sad as this makes me (because I want Tesla to be wildly successful), I have to agree. This is textbook and brazen stock manipulation, a flat out crime.
I guess I'm a bit off-topic but sometimes I really fail to understand the USA culture. You can make the most outrageous and racist comments because of "freedom of expression" but making speculators lose their shit with a couple of tweets is a "textbook crime" for which you should "go to jail".
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As sad as this makes me (because I want Tesla to be wildly successful), I have to agree. This is textbook and brazen stock manipulation, a flat out crime.
I guess I'm a bit off-topic but sometimes I really fail to understand the USA culture. You can make the most outrageous and racist comments because of "freedom of expression" but making speculators lose their shit with a couple of tweets is a "textbook crime" for which you should "go to jail".
I'm curious - supposing HN had the power to decide, would you replace Elon Musk as CEO of Tesla? What kind of future does the company have without its founder? Personally, I think I would be much more confident in Tesla, and much more likely to buy a Tesla product, if he were not in charge.
Do you want one of the most successful founders and tech CEO ever to continue to run the company? Äh, yes, Elon has made Tesla successful and he made it into a major car company that is still growth strongly.
If Elon is doing things that are illegal or otherwise just boneheaded now, how much leeway does he get? What would it take to make you decide he shouldn't be CEO?
I'm curious - supposing HN had the power to decide, would you replace Elon Musk as CEO of Tesla? What kind of future does the company have without its founder? Personally, I think I would be much more confident in Tesla, and much more likely to buy a Tesla product, if he were not in charge.
I would sell Tesla to a large conglomerate that actually understands car production, like Toyota or VW.
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Shorts drive the price down, making it more expensive for the company to borrow from the market by selling stock. They have to sell more shares to receive a similar amount.
Shorts drive the price down Not on their own they don't. You can go and short Facebook right now and it won't move the price at all.
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Ted Cruz was born in Canada. The naturalization requirement is a lot looser than you might think.
He was born a US citizen though. The requirement isn't that you are born on US soil, but that you are born a US citizen. John McCain was born in Panama.
I'm curious - supposing HN had the power to decide, would you replace Elon Musk as CEO of Tesla? What kind of future does the company have without its founder? Personally, I think I would be much more confident in Tesla, and much more likely to buy a Tesla product, if he were not in charge.
I would sell Tesla to a large conglomerate that actually understands car production, like Toyota or VW.
Toyota might be better at building profitable cars, but Tesla is better at building profitable EVs.