Posted on 09/27/2018 1:31:37 PM PDT by Revel
JUST IN: Elon Musk, Tesla charged with fraud by SEC - CNBC
This was also mentioned on the hearing live feed by Golden State Times.
Really? And why does Musk deserve death in your opinion? Any other bright ideas?
Pity those who bought the stock.
Thats is the third rail aint it
Good! Add the libel suit by the British diver. Maybe he’ll commit suicide. The guy’s a whack job.
Well to put himself out of his own misery
Where’d all those green Obama dollars go? Up-in-smoke!
Laughable.
I don’t think that Brit has got around to filing a suit yet. Something about discovery was gonna get rough....you know, a British homo, living long term in Thailand, and staying single, and having boys all around him. That kinda discovery.
He criticized someone for being a pedo, and BAM, indicted.
Funny how that works.
If he had any sense, he would fly to Russia and be Snowden’s next door neighbor.
...and for those that follow...Tommy Robinson WASN’T sent to jail again.
:)
Hes taken far enough government money for anyome to complain about govt regulators.
“Darn, just as he was about to announce that the Model 3 was going into mass production...next month.”
We live over the hill to the east of the Tesla plant. Truckloads of Model 3’s go up I680 here every day. I don’t own a Tesla, but they are beautifully crafted automobiles. Our little town is full of them. They are an ideal urban/suburban mode of transportation. And they are FAST! Just watched a video of “supercars” doing a combined 1/4 mile drag race on the runway down at Vandenburg AFB. The Tesla beat ALL OF THEM! Ferrari, Lamborghini, Corvette, you name it. Now they’re going to go to a 1/2 mile event in hopes of the super cars with gas engines having a better chance of overtaking the Tesla. So much to say, electric propulsion is an ideal source for an automobile. Over time, the electric car will predominate as battery technology and solar arrays improve. And I say that as an IC engine guy!
“Did he sell any holdings after he announced the virtual bo?
Did he profit in any way?
Did Tesla profit in any way?
If he didnt cash the check where is the fraud?”
that’s not what the SEC charges are about ... the SEC charges are that: 1.) As CEO of a publicly traded company, Musk made materially misleading public statements; and 2.) As CEO of a publicly traded company, Musk failed to notify the SEC of materially relevant fiduciary data ...
He was going to make a pot for me.
“BUY......................”
indeed, i recommend you put every cent you have into buying more Tesla stock ...
Okay, I can see one. What's the penalty for that? But what is 2) Are they saying that the BO comment was misleading but Musk should have notified the SEC of the data behind the misleading comment anyway? Or was their some other failure to notify?
“I suspect some real businessman or corporation will pick up the pieces”
no doubt, particularly the patents ... but it’s extremely unlikely that the pieces will be worth what the stock is selling for right now ... the pieces will be picked up for pennies on the dollar as some point down the road, possibly in some kind of buyout right before bankruptcy or possible in a pre-packaged bankruptcy ...
“I see a few Teslas around here on weekends...................”
we have one in our little town of 100,000 ... you see it a lot going to and from our Whole Foods store ...
“The cars will sell, if only to rich libs that want to show off their Greenie-Weenie Cred, for other libs.”
that’s a VERY limited market, however, and will quickly saturate, particularly with lots of competition from other luxury autos in the same price range ...
“Im not really sure stating a desire to go private after taking to potential financiers should be considered criminal.”
it’s criminal if that didn’t happen and he said it happened, AND it’s criminal if it DID happen, but the company didn’t submit the information to the SEC as materially relevant ...
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