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^ Jefro118 is correct. This is the a significant phrase in financial and regulatory circles.
How about on Twitter?
Edit: This is the same reason Elon is now being sued for "Twibel". You cannot say state lies publicly without legal repercussions. "Funding secured" is classified as material non-public information.
I used to work in finance and regulatory compliance.
Notably, this now involves the DOJ , not just the SEC.
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> The nail in Elon's coffin (or lack thereof) will probably revolve around the degree to which he documented his animus towards short sellers in the days leading up to the misstatement. That and if he's able to show he really thought funding could have been secured but fell through. IIRC we still don't know the full story on that.
> if he's able to show he really thought funding could have been secured but fell through "Funding secured" and "funding to be secured" are materially different terms. The point of "secured" is it's been bindingly, definitively agreed upon in a way that makes falling through very, very difficult. His best defense is, absurdly, arguing a seasoned CEO doesn't understand what "funding secured" means. He might be about t…
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How about on Twitter?
It’s irrelevant where it is said so long as it is said publicly. Edit: This is the same reason Elon is now being sued for "Twibel". You cannot say state lies publicly without legal repercussions. "Funding secured" is classified as material non-public information. I used to work in finance and regulatory compliance.
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A long list of investors publicly denied any talks with Tesla. All potential banks expressed puzzlement with the tweet as well. One of them would absolutely have to be involved for a deal of this size and none were. Reporters asked everyone and found 0 evidence.
Did they ask the Saudi crown?
PIF, the sovereign fund, stated that they had no intention to go beyond their initial 5% investment.
Last week they invested $1b in a Tesla rival, Lucid.
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It’s irrelevant where it is said so long as it is said publicly. Edit: This is the same reason Elon is now being sued for "Twibel". You cannot say state lies publicly without legal repercussions. "Funding secured" is classified as material non-public information. I used to work in finance and regulatory compliance.
I'm guessing there is a HUGE difference between, say, Twitter, and a regulatory filing.
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It’s irrelevant where it is said so long as it is said publicly. Edit: This is the same reason Elon is now being sued for "Twibel". You cannot say state lies publicly without legal repercussions. "Funding secured" is classified as material non-public information. I used to work in finance and regulatory compliance.
I'm guessing there is a HUGE difference between, say, Twitter, and a regulatory filing.
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Understanding car production is less important then for EV then massive battery investment and knowlage, building a integrated brand, global charging infrastructure and so on. Toyota might be better at building profitable cars, but Tesla is better at building profitable EVs.
I think Tesla's failure at scaling their manufacturing is pretty good evidence against your claim. There are other brands making EVs without the same issues as Tesla.
Have you actually looked at the production numbers of those other EVs? Because there is nobody outside of Tesla that has mass produced EV and even more imprtantly, to do it with profit mergin per car.
Teslas are the Top 3 most sold EVs in the US market. The model 3 is by now equaling the sum of all other EVs and is almost 100% of the growth in EVs.
Futhermore, the iPace, i3, Tycan and many others saw production delays as well. So the idea that you can let some established company do it and they will do way better then Tesla has jet to be shown.to be true.
The original Tesla Killer, the Bolt, is outsold by Tesla 15 to 1.
Competitors have announced many EVs but most will hit the market around 2020 and most of them will not produce near as many as the Model 3.
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It’s irrelevant where it is said so long as it is said publicly. Edit: This is the same reason Elon is now being sued for "Twibel". You cannot say state lies publicly without legal repercussions. "Funding secured" is classified as material non-public information. I used to work in finance and regulatory compliance.
I'm guessing there is a HUGE difference between, say, Twitter, and a regulatory filing.
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A criminal investigation being opened is literally part of due process.
The big announcement is what OP is referring to.