Posted on 09/27/2018 2:57:51 PM PDT by rb22982
Regulators accuse him of misleading shareholders when he said he had funding for a corporate buyout
Securities regulators on Thursday sued Elon Musk for fraud and sought to remove him from Tesla Inc., TSLA -0.67% raising doubts about the future of an electric-car maker synonymous with the audacious entrepreneur.
The SECs lawsuitsparked by Mr. Musks August comments that he had lined up funding for a corporate buyoutseeks civil penalties against Mr. Musk and asks a court to bar him from being the officer or director of a public company. [Emphasis mine]
These misleading statements, none of which were pre-cleared or reviewed by anyone at Tesla, caused significant market confusion and disruption, said Steven Peikin, the SECs co-director of enforcement.
(Excerpt) Read more at wsj.com ...
You are a bit nuts
You mean you have changed from being a communist idealist to a capitalist idealist? I grant you that it makes your mental living room very tidy. But its not the way the world has ever worked. Nor will it ever be the way the world actually works.
No, you go off on rants, strawmans, etc
No, you think that technological revolutions occur ex niho. You think that trucking companies don’t benefit from US tax dollars that support the American highway system—or GM Ford or Chrysler for that matter.
Again, more straw-man arguments. That’s all you have.
My arguments are not straw man arguments. Not in the least. You say a proper capitalist roader company does not get government benefits—even when its in the public interest that they do so. I’ve showed you half dozen or so examples historically and contemporary where in fact that is the case. Companies do enjoy government benefits—especially when its in the public interest—and they have done so since the founding of the republic.
According to your ideal realm where metal birds sing—gm & ford are good because they make profits stand alone. But in 2009 when they almost went under—they were bailed out by the federal government.
I know— that was a democrat thing.
On the republican side, the coal companies were almost regulated out of business—but Trump brought them back to life by deregulating them.
Again, here is what I said
"I applaud him for taking advantage of the system. His rocket $ from gov is hardly the only subsidy hes received. 1) tax credits for cars 2) tax credits for solar 3) Selling credits on his cars for MPG to other car companies due to CAFE requirements put in place by Obama etc. But just because he, and other companies, are good at taking advantage of the US taxpayer doesnt make him a jewel."
Hint: the others companies include a lot of other companies, including GM and F. F, however, was not bailed out by the government, and most of their profit comes from Trucks and SUVs. I would never use Detroit as an example of American exceptionalism in the last 50 years. Hence, your strawman.
I applaud him for taking advantage of the system. His rocket $ from gov is hardly the only subsidy hes received. 1) tax credits for cars 2) tax credits for solar 3) Selling credits on his cars for MPG to other car companies due to CAFE requirements put in place by Obama etc. But just because he, and other companies, are good at taking advantage of the US taxpayer doesnt make him a jewel.
....................
All of the credits the Musk took advantage were there to be taken advantage of. They had their intended effect. They were set there to make it possible for someone like Musk to come along and do something extraordinary. Musk is doing extraordinary things—and on the cheap as far as the taxpayers are concerned.You want to call him quartz? That’s you. His company has plenty of bears gunning against him as well. That’s fine.
For me? I hope he succeeds. Because his success will further the American enterprise more than his failure.
If you and I and Musk were put up on stage and an audience of 1000’s were asked who among us was the best example of American exceptionalism. I don’t think that either you or I would win that beauty contest. But maybe you think you would win. Yes?
Again, nothing but strawman arguments.
Tesla just settled with the SEC. Musk is stepping down as CEO. Hopefully that doesn’t kill Tesla.
https://www.yahoo.com/finance/news/tesla-soaring-elon-musk-settles-112334887.html
Musk actually sold off most of assets of the solar business he bought from his cousin. The chinese had effectively made it unprofitable for most american solar manufacturers to stay in business. All that’s left of that solar company company is a solar rooftop maker and installer.
After President Trump slapped a 25% tarriff on Chinese solar panels last year the Chinese dropped the price of their solar panels by 25% —mooting the tariff.
The upside of this is that solar is now cheaper than gas/coal. This is good if you believe that lower energy costs are at the heart of advances in civilization. And bad if you believe that the US needs to be energy dominant—as is the president’s policy priority—in every energy category including solar. Not just oil/gas/coal.
Learn something about the threat to America’s bread and butter—our invention machine that is posed by the Chinese.
According to this article President Trump described Michael Pillsbury as the leading authority on China.
https://www.bloomberg.com/news/articles/2018-09-27/trump-identifies-the-leading-authority-on-china-who-is-he
Read his book, The Hundred Year Marathon: Chinas Secret Strategy to Replace America as the Global Superpower. —.
David Goldman aka Spengler at PJ Media gives a shorter analysis in this article. https://americanaffairsjournal.org/2017/02/digital-age-produces-binary-outcomes/
He further has some suggestions for accelerating innovation.
https://pjmedia.com/spengler/american-narcissism-and-china-a-note-to-my-readers/
As well read, Greg Satell who wrote the book Mapping Innovation: A Playbook for Navigating a Disruptive Age.
you have bird cage ideologies buttressed by birdcage arguments. worst of all the birds inside you are selling are dead. See Monty Python’s Dead Parrot. https://www.youtube.com/watch?v=4vuW6tQ0218
You can continue to rant all you want about unrelated things. No one is reading it. Have a nice day.
don’t forget your dead bird on way out.
So you understand the back story. the Pentagon is going to be making significant investments in domestic manufacturing so as to reduce US dependence on foreign suppliers—especially the Chinese. Basically, the feds want Chinese parts out of American weapons. This initiative will not be cheap.
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