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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

#811

Post by [deleted] »

yzh wrote: post #730
api wrote: post #589

Earlier quoted context omitted.

If Musk never happened rockets would still be expendable, the US would still lack a Shuttle replacement, and EVs would be rare or nonexistent. We would still be talking about how personal mobility is doomed when oil is depleted, if not all of modern civilization. Prove me wrong. Who else was doing this stuff before SpaceX and Tesla? On space launch you had nothing serious except the SLS which is 70s tech. On EVs you…

Well, I actually agree with you. But John Carmack's armadillo aerospace was founded 2 years before SpaceX.

[deleted]

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

#812

Post by joering2 »

uxcolumbo wrote: post #750
joering2 wrote: post #729

Earlier quoted context omitted.

You shouldn't be allowed to share this opinion, as you have never owned a single share of stock. Why don't you buy some, wait till you lose some money, then come back and tell us you feel good because, you know, the company pushes humanity forward. Musk wasn't raising money for humanity sake; he was raising money to found his company and doing so he agreed to be bound by the rules that such market created. You don't…

I have shares and you only lose money if you decide to sell the shares now - price might recover if you hold on to them and if you believe in Tesla's mission and value you might even think it's a good time to buy some more. (This is not financial advice) But like I mentioned, I said he shouldn't have tweeted that message and should have consulted with his business partners first. I think he just wasn't thinking clear…

Sorry but I don't believe you own stocks... this just sounds too naive, like first advice any broker will give you NOT to do is to buy and keep for the sake of it:

> I have shares and you only lose money if you decide to sell the shares now

Many stocks went to near zero just to get de-listed next minute. Some of these fine folks that have played marked by your advice blew their head off in the process. Never assume stock will just rebounce; to the contrary before you execute a trade set a head ceiling (in most cases) and definitely set the floor that you going to play by strictly following it. This is indeed an advice any book on trading stock market will tell you.

I'm not gonna comment on the part about Musk being scammer or not. I don't want to change a subject all of sudden.

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

#813

Post by joering2 »

johannes1234321 wrote: post #432
joering2 wrote: post #385

Earlier quoted context omitted.

Protonmail.

That might be technical protection, however the way the SEC gets access to mails is not on a technical level, but by sending out a letter "please send us all your mails on that topic" and if the response on such a request is not convincingly consistent you get into even more trouble.

Protonmail is not located in the same jurisdiction as SEC, besides all they could eventually get is encrypted garbage.

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

#814

Post by velcrovan »

SmellyGeekBoy wrote: post #741
sokoloff wrote: post #536

Earlier quoted context omitted.

Being unconstrained by reality? You might actually be onto something there; I know a few people who are similarly unconstrained and they end up bringing just the right mix of crazy and sweat together to make something novel. It also has a serious downside in this particular case, however.

Not wanting to make this political, but one could say the same about the current US president. Based on his social media output it seemed he was downright batshit insane when he got elected (some might say even still, although he seems to have calmed down a bit). He seems to be achieving things though and we didn't end up with WW3 as a lot of people predicted. Perhaps the world needs these crazy people occasionally t…

"Achieving things"? What things?

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

#815

Post by sergiosgc »

_ea1k wrote: post #803
sergiosgc wrote: post #755

Earlier quoted context omitted.

Tesla's debt servicing cost 600 million yearly (Bill Cunningham estimates). It is producing Model 3s at a pace of 4k weekly (according to Bloomberg). Each represents 15kUSD in gross profit (according to Munro). It takes ten weeks to service the yearly debt using current Model 3 sales. If these numbers are right, once Tesla proved to be able to produce Model 3s, it became financially stable. It will easily be able to…

> Each represents 15kUSD in gross profit (according to Munro). I was with you on every part but this. It is better to use the company's SEC filings than the Munro report for estimating cash flow per vehicle.

Good point. It's a different number, but a relevant datapoint anyhow. The last filing shows a gross profit margin of 15%.

It's a different number because it includes cost of the sale infrastructure. Unfortunately, it's for the quarter ending in June, so the volume of model 3 is still not very relevant against the other models.

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

#816

Post by EpicEng »

pvelagal wrote: post #520
ajmurmann wrote: post #496

Earlier quoted context omitted.

I love the work that Musk has done. Everyone has to play by the same rules though. We cannot bend the law because someone has otherwise done amazing work.

So how many financial execs got punished for creating the 2008 financial crisis, the worst in our lifetimes (hopefully) , which brought the world to the brink ? https://thehill.com/blogs/pundits-blog/finance/309544-why-ha...

Not an apples to apples comparison there, but even if it were; is your argument now that we should let Elon get away with breaking the law because others have gotten away with it in the past and you happen to respect Elon more than those people?

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

#817

Post by hef19898 »

King-Aaron wrote: post #714
dingaling wrote: post #659

Earlier quoted context omitted.

> but nothing pushing to break into any mass market. Nissan Leaf 2010 Tesla Model S 2012 Renault Zoe 2013

> Tesla Roadster 2008

Nissan Altran EV, sold in California and fleet-tested, 1998. Nissan Garbage Collecting Truck, mainly sold to the Yokohama city government, 1988. Just saying.

https://www.nissan-global.com/EN/ZEROEMISSION/HISTORY/

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

#818

Post by avar »

_ea1k wrote: post #801
avar wrote: post #403

Earlier quoted context omitted.

Why should the SEC be prosecuting short sellers writing slander about TSLA any more than they should be prosecuting the people who are long on TSLA writing literal or figurative press releases praising the company? Both parties have an interest in the stock going one way or the other. Regulators need to get involved when something like insider manipulation of the stock happens, say when the CEO uses Twitter the way E…

When those statements are blatantly false with a clear intent to do reputational and market damage to the business they become more than simply "short sellers writing slander". When they pay to have them promoted it looks more like fraud.

The SEC doesn't regulate people talking shit in public, even when those people are talking shit because they have a financial interest in a public company, or even if they're paying to make their message heard.

They regulate things like people talking shit in public on Twitter while having access to insider information. There's no evidence that any of these people talking shit about TSLA because they hold shorts have access to information not available through the usual market disclosure mechanisms.

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

#819

Post by johannes1234321 »

joering2 wrote: post #813
johannes1234321 wrote: post #432

Earlier quoted context omitted.

That might be technical protection, however the way the SEC gets access to mails is not on a technical level, but by sending out a letter "please send us all your mails on that topic" and if the response on such a request is not convincingly consistent you get into even more trouble.

Protonmail is not located in the same jurisdiction as SEC, besides all they could eventually get is encrypted garbage.

The SEC is not going after protonmail, but your company. They use legal powers against you. They don't care about technicalities. (Except on the delivery channel for the Gigabytes of data) If you don't comply, they put charges on you.

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

#820

Post by forgottenpass »

apatters wrote: post #598
chollida1 wrote: post #6

This comment I made a few weeks ago is coming alot closer to the truth than I would have expected. I hope for Space X and Tesla's sake that the reports of a directory and Executive ban don't come true. https://news.ycombinator.com/item?id=18016250#18016292 SpaceX is doing well, Tesla has pulled itself back from the brink and may actually become a profitable car company. All Elon had to do was keep his head down and n…

> All Elon had to do was keep his head down and not pick twitter fights.... You know what, this could be said about a lot of people, including the freaking President. I'm beginning to wonder if the real problem is Twitter. Specifically the most fundamental aspect of its design -- the ability to blast off brief messages to thousands of people any time, anywhere. Maybe we're learning that that this design leads people,…

>Specifically the most fundamental aspect of its design

One of my favorite hacker news comments is:

>Twitter is a planetary-scale hate machine. By which I don't mean "people post hateful things on Twitter." I mean literally generates hate, as in, put a bunch of people with diverse perspectives on Twitter and by the end of the day they hate each other more than when they started.

https://news.ycombinator.com/item?id=16501385

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