Posted on 09/29/2018 3:14:13 PM PDT by jazusamo
Tesla and SpaceX CEO Elon Musk has reportedly reached a settlement with the Securities and Exchange Commission after his abandoned attempt to the company private.
As a result of the settlement, which is still subject to court approval, Musk will have to step down from his role as chairman for at least three years and pay a civil penalty of $20 million, CNBC reported Saturday. Tesla will also have to pay a $20 million if the settlement is approved.
DEVELOPING
Sounds like Tesla only has a couple years left. Period.
January 2021 puts with a 240 strike price are available at 74 for those who are convinced.
That is very inaccurate. It doesn’t include car credits to the buyers or tesla selling CAFE and other credits to other car companies.
Tesla is the official car of Manhattan Beach. ;)
I would be interested in that claim being justified as well.
A lot of liberals like to throw around claims like that for defense contractors, treating every government contract as a “subsidy”, conveniently ignoring that the government is purchasing something with that money.
I don’t doubt that most major companies get some form of subsidy, (As Ann Coulter once said, Wall Street is to business as a heroin dealer is a pharmacy.) It is basically just crony capitalism.
A true genius.
Same story with Travis Kalanick, one of the founders of Uber.
A visionary man, but one prone to the excesses of vanity and arrogance.
I believe so too, in the field of electrical dynamics.
Thanks for the mention. I wasn’t aware of the person who came up with Uber. Too bad, his shortcomings...
Glad I don’t have any. LOL
No slam intended.
As long as everybody and his brother were shorting the stock, there was a guaranteed set of buyers, to put a floor on the stock price. Flush out the shorts, and there is no one left to take a profit on a move down.
Well, heck, range of even a well maintained IC vehicle usually decreases significantly after 100k miles or so... (It varies with use and other factors — our Subie Outback did really well up to around 140k miles, for example.)
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