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SEC Sues Musk and Seeks Ban for His Tweets on Go-Private Deal

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Re: SEC Sues Musk and Seeks Ban for His Tweets on Go-Private Deal

#261

Post by draw_down »

mimerme wrote: post #179

Does anyone else find it amazing that these days social media posts are becoming official government documentation? Who would've thought that the very platforms where we once just shared pictures of cats are starting to run our our elections and stock markets.

Seems normal to me, if in the past he has used Twitter to communicate to shareholders, or in general, as Tesla CEO. I don't actually know whether he did that or not, but if he has used it to say things in something like an official capacity, then no, it's not especially amazing.

Do you think there should be a sort of "aw shucks, it was said on Twitter, no big deal" get-out-of-jail-free card? Genuinely curious what you're actually trying to say here.

If he used Twitter to say things that he meant to be taken seriously, then what he said should be taken seriously.

Re: SEC Sues Musk and Seeks Ban for His Tweets on Go-Private Deal

#263

Post by quenstionsasked »

the_rosentotter wrote: post #161
djsumdog wrote: post #68

Earlier quoted context omitted.

I'd hope the company itself would be fine. I really hate this idea of the grand visionary. A good friend of mine who is a mechanical engineer despises Musk. I listened to a bit of his Joe Regan interview and when Regan asked him how he has the time to do all of the things he does, there are smoke jokes about him being an alien, but not once did he say, "Well I have an amazing team of engineers" and credit all the tho…

> I don't doubt he's capable of doing that with his background Which background is that? He has an undergraduate degree in economics and a bachelor's degree in physics. I respect the guy but he clearly puts a lot into managing his image. As a relevant example, he used to claim to have been in the Ph.D. program at Stanford, but had to retract that (I leave it as an exercise to the reader to find that on Google).

I'm very curious about the Stanford thing. Do you mean that he was never admitted? Or simply that he never officially enrolled?

I tried my hand at googling this but found nothing but re-hashes of the same story of how he left after two days.

Re: SEC Sues Musk and Seeks Ban for His Tweets on Go-Private Deal

#264

Post by stevew20 »

chooseaname wrote: post #121
treis wrote: post #84

>According to Musk, he calculated the $420 price per share based on a 20% premium over that day’s closing share price because he thought 20% was a “standard premium” in going-private transactions. This calculation resulted in a price of $419, and Musk stated tha the rounded the price up to $420 because he had recently learned about the number’s significance in marijuana culture and thought his girlfriend “would find…

This is to be expected; he's a manchild.

Thanks for adding substance and insight to the argument!

Re: SEC Sues Musk and Seeks Ban for His Tweets on Go-Private Deal

#265

Post by Roritharr »

bilbo0s wrote: post #191
saiya-jin wrote: post #159

Earlier quoted context omitted.

Sour comment for whatever reason... It's actually pretty simple - imagine the world that is and probably will be with him, and then one without him. We underdogs hate to be not credited for the hard work we do, but his positive impact on mankind as a whole is quite substantial, and as time goes by it will be only magnified. Hard to argue with this. SpaceX and Tesla are really a bit more than just a sum of all the eng…

The world with him, is a whole lot like the world without him though. I mean, I did the thought experiment, and I honestly don't see many things that would be different? Are you arguing that without Musk, we wouldn't have commercial space companies, or electric cars? If so, I find that a bit difficult to believe. The part of your comment about no one being a hero is correct. None of us are any better than anyone else…

I, living in Germany and having worked with and for our car companies, am completely convinced that without him we wouldn't have the electric shift we're seeing right now. We'd have another two decades of half hearted attempts at all kinds of technologies, especially bio fuels but no real progress. Tesla changed the game and I can only imagine it's the same with SpaceX.

Re: SEC Sues Musk and Seeks Ban for His Tweets on Go-Private Deal

#266

Post by rleigh »

ucaetano wrote: post #212
rleigh wrote: post #154

Earlier quoted context omitted.

I imagine they are hard to run. But they don't require "genius" to run, they require people skilled in process management, supply chain operations, assembly automation and the rest. The stuff all the other big car manufacturers have been doing for decades. All stuff that Musk doesn't have a background in. What makes Tesla unique in this respect, and Musk so essential to the operations? I'd argue nothing at all, other…

> I imagine they are hard to run. But they don't require "genius" to run, they require people skilled in process management, supply chain operations, assembly automation and the rest. That's pretty much any company (with certain variations for different industries).

That's exactly the point I wanted to make. Tesla is in no way special compared with other companies. But there are plenty of people who think that it is, somehow, groundbreakingly different.

Re: SEC Sues Musk and Seeks Ban for His Tweets on Go-Private Deal

#267

Post by SimbaOnSteroids »

DennisP wrote: post #215
sho_hn wrote: post #156

Earlier quoted context omitted.

I'm curious about the possible ramifications for SpaceX as well. That said, it is a private company.

Not only is it a private company, but "A Musk trust owns 54 percent of the outstanding stock of SpaceX, and has voting control of 78 percent of the outstanding shares....No other shareholder owns 10 percent or more." Short of a criminal conviction I think he'll be fine with SpaceX. https://www.reuters.com/article/us-tesla-spacex-shareholders... Given that Musk has made his point with electric cars and major luxury br…

The battery and solar operations side of TSLA are critical to spaceX's mission to Mars. Can't have a martian colony without being able to harvest and store energy. Additionally the CV being done at Tesla could prove critical in automating prefabrication of living spaces and life support infrastructure. Can't be doing anything like that remote controlled with 8 min latency.

Re: SEC Sues Musk and Seeks Ban for His Tweets on Go-Private Deal

#268

Post by monocasa »

smt88 wrote: post #197
Rooster61 wrote: post #192

I very much hate to see this. Not for Musk's sake, as he has been pretty much asking for something like this to happen. I hate it because of the damage it will do to Tesla and SpaceX when he's likely banned from leading a company. Tesla's not exactly lighting the world on fire in terms of potential long term success, but SpaceX really has been doing well in recent years. The fact that they are already refurbishing so…

Get a new, non-founding CEO has worked wonders for lots of companies. There are very few (possibly zero) people who are "the only person for the job".

It's also tanked more than a few companies.

Re: SEC Sues Musk and Seeks Ban for His Tweets on Go-Private Deal

#269

Post by monocasa »

Rooster61 wrote: post #243
smt88 wrote: post #197

Earlier quoted context omitted.

Get a new, non-founding CEO has worked wonders for lots of companies. There are very few (possibly zero) people who are "the only person for the job".

Musk wasn't a founding member of Tesla. In fact, not all of the founders of Tesla were big fans of Musk's hire. Your point is valid though, and I do think someone could go in there and take over his job effectively. That doesn't mean there won't be a period of relative instability while that transition takes place.

Everywhere I've seen says that he's a co-founder of Tesla.

Re: SEC Sues Musk and Seeks Ban for His Tweets on Go-Private Deal

#270

Post by blotter_paper »

jonknee wrote: post #231
londons_explore wrote: post #219

Earlier quoted context omitted.

Couldn't he assign the janitor to be the official 'CEO', but then give himself title of 'Visionary' and still make all the decisions?

The SEC would not find this amusing.

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