Tesla is under a federal wire fraud probe for misleading investors
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Re: Tesla is under a federal wire fraud probe for misleading investors
#2And 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?
Re: Tesla is under a federal wire fraud probe for misleading investors
#3When 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.
Re: Tesla is under a federal wire fraud probe for misleading investors
#4And 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 presidential candidate in the current election. The same candidate is threatened by massive legal fees.
So if you're Saudi Arabia, you can easily afford to spend a billion dollars on technically worthless DJT stock, and it goes straight to the pockets of the politician who has a very good chance of winning the 2024 presidential election. And there's nothing illegal about this, apparently. (For prior art, see that time when Qatar paid $1B for a distressed New York property owned by this same president's son-in-law.)
Re: Tesla is under a federal wire fraud probe for misleading investors
#5When 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.
How can you prove that damages were done to you?
Re: Tesla is under a federal wire fraud probe for misleading investors
#6And 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…
The best democracy money can buy. ;)
Re: Tesla is under a federal wire fraud probe for misleading investors
#7And 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…
Wait, DJT un-crashed?
Re: Tesla is under a federal wire fraud probe for misleading investors
#8When 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.
Seems far-fetched. No one is forcing you to buy an S&P 500 fund. And you could have sold your S&P 500 shares the day Tesla entered the index.
Re: Tesla is under a federal wire fraud probe for misleading investors
#9Earlier 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…
The best democracy money can buy. ;)
Personally I think that award belongs to the United Kingdom. They don’t even need a constitution.
To ensure the moneyed classes of Britain are well looked after, they have both a king who is a billionaire and a prime minister whose net worth is a more modest $500 million.
Re: Tesla is under a federal wire fraud probe for misleading investors
#10Not to mention, you know, the consumers who paid for FSD, starting back in 2016, and still don't even have that feature enabled on their cars.