[rb22982]

What he did is insanely bad. I happen to be the head of IR for a midcap company. This is basic public company stuff 101. Even if he had funding, you do not announce that kind of thing

1) within trading hours
2) if you do announce in trading hours, you have to let your listing exchange (Nasdaq or NYSE) know at least 30 minutes in advance and they will HALT your stock before the announcement goes out.
3) You nearly always HEDGE things that are even a given if there is a remote chance and you have disclosures out the butt with these things. What he did is pure fraud.

[ckilmer]

I’m sure that you are 100% correct but I hate what the SEC is doing to Musk.

The man is national treasure.

[DesertRhino]

Yeah, because we know how seriously the federal government and the SEC takes this rules. All those Bankers that went to jail after 2008... Oh wait

[Excuse_My_Bellicosity]

You should go over to the WSJ article’s comment section, the Elon Musk fanbois have been posting all day over there. “He’s being persecuted”, “Trump is jealous of his brilliance”, there’s on tree-hugger saying that demand for the car is taking off and is this awesome paradigm shift. What a crock. I’m quite confident that I can take a road trip anywhere with paved roads and have gas available (although you have to be careful in northern Nevada). In an electric car? No way. Out west, electric car charging stations are as common as hens’ teeth.