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(Reuters)   Elon Musk's Tesla Tweets violated his settlement agreement   (reuters.com) divider line
    More: Dumbass, U.S. Securities and Exchange Commission, Tesla Inc, Chief Executive Elon Musk, SEC piles pressure, single tweet, Tesla CEO, contempt of a previous fraud settlement, top U.S. securities regulator  
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737 clicks; posted to Business » on 19 Mar 2019 at 2:55 AM (4 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



32 Comments     (+0 »)
 
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2019-03-18 09:29:43 PM  
The need to put that annoying little South African in jail. You can't have FELON without ELON.

Also the car company's financials are nonsense. They're decreasing the offset for warranty repair as the cars go past 3 years old.... but the batteries - the most expensive part- are warranted for seven years. The go through CFOs so fast they have to put in a revolving door.
 
2019-03-19 03:38:50 AM  
Someone who ignores court orders is not someone who should be running a hot dog stand at a raiders game, let alone a company like tesla. Send the ignorant twatwaffle to jail
 
2019-03-19 04:32:00 AM  
Pedophiles!
 
2019-03-19 04:41:04 AM  
Musk will be accusing the SEC of being pedophiles before long.
 
2019-03-19 04:56:40 AM  

lifeslammer: Someone who ignores court orders is not someone who should be running a hot dog stand at a raiders game, let alone a company like tesla. Send the ignorant twatwaffle to jail


Tesla has been on rocky ground lately, but the sec will take the full blame if anything happens.
In the current political climate things would probably go worse for them than for Elon, who is likely to get a free pass when the dust settles.
 
2019-03-19 06:35:24 AM  

way south: lifeslammer: Someone who ignores court orders is not someone who should be running a hot dog stand at a raiders game, let alone a company like tesla. Send the ignorant twatwaffle to jail

Tesla has been on rocky ground lately, but the sec will take the full blame if anything happens.
In the current political climate things would probably go worse for them than for Elon, who is likely to get a free pass when the dust settles.


Did you really just try and say its the sec at fault that muskox is too dumb to keep his trap shut on the shiatter service and its the sec at fault when musk ignores a court order?
 
2019-03-19 06:51:54 AM  

born_yesterday: Pedophiles!


img.fark.netView Full Size


I love when this asshole steps on rakes.
 
2019-03-19 07:27:03 AM  
How can a rocket scientist and AI genius not understand basic finacial regulations?
 
2019-03-19 10:24:28 AM  
Wow, I guess the Elon fan boys are just waking up?
 
2019-03-19 10:46:49 AM  

duckpoopy: How can a rocket scientist and AI genius not understand basic finacial regulations?


Because it's more than just financial regulations; it's the idea that there are rules. For them, rules are meant to be broken. That's probably a good mindset to have when you're setting up a first-of-its-kind company like SpaceX, but not a great thing when you're the head of another publicly-traded company.

You have to strike a balance between being irreverent of things that are actually bullshiat (the idea that only governments can put rockets into space) and observant of the things that aren't bullshiat and make the market less Mad Max (SEC rules).
 
2019-03-19 11:08:38 AM  
No...YOU violated your settlement agreement, you pedophile!
 
2019-03-19 11:49:19 AM  
Dude is a shameless stock pumper. He's supposed to be some kind of genius but he sends out a tweet saying TSLA will make 500k cars this year. Then he gets reminded they JUST issued projection that said they would make 400k cars. So he plays dumb and says, "Oh, I actually meant by the end of the year we'd be producing at an annualized rate of 500k by then. LOL." He does all this while under an agreement he made his farking self that he would not do shiat like that (which oh by the way misleads investors) anymore. The he goes all trumper and attacks the entity that he made the agreement with.

What we have here is not a 'disrupter'. We have a scared narcissist trying to fluff up the stock price. Which is trading near what it traded at five years ago.
 
2019-03-19 11:51:49 AM  

JohnBigBootay: Dude is a shameless stock pumper. He's supposed to be some kind of genius but he sends out a tweet saying TSLA will make 500k cars this year. Then he gets reminded they JUST issued projection that said they would make 400k cars. So he plays dumb and says, "Oh, I actually meant by the end of the year we'd be producing at an annualized rate of 500k by then. LOL." He does all this while under an agreement he made his farking self that he would not do shiat like that (which oh by the way misleads investors) anymore. The he goes all trumper and attacks the entity that he made the agreement with.

What we have here is not a 'disrupter'. We have a scared narcissist trying to fluff up the stock price. Which is trading near what it traded at five years ago.


Thanks, Uncle Ernie.
 
2019-03-19 11:56:58 AM  

Marine1: For them, rules are meant to be broken. That's probably a good mindset to have when you're setting up a first-of-its-kind company like SpaceX


Maybe.

Mind you, when your company launches things that look very much like ICBMs, it's also important to follow the rules.

Because other nations may be sending a nuke down your pipe if you're not above-board.
 
2019-03-19 01:48:20 PM  
People keep asking me why I won't buy in.  If you give this guy your money (and yes I believe that's what actually happens at TSLA even if it isn't technically owned by one guy), you are either a) brave or b) believe you are very clever.  a) You're willing to bet this dumpster fire of a company has a good enough brand to justify its current valuation on some time frame you can stomach.  b) You think you're smarter than everyone else and are willing to bet you can get in and out on time to that you win while they lose
 
2019-03-19 02:46:57 PM  

Old Smokie: People keep asking me why I won't buy in.  If you give this guy your money (and yes I believe that's what actually happens at TSLA even if it isn't technically owned by one guy), you are either a) brave or b) believe you are very clever.  a) You're willing to bet this dumpster fire of a company has a good enough brand to justify its current valuation on some time frame you can stomach.  b) You think you're smarter than everyone else and are willing to bet you can get in and out on time to that you win while they lose


TSLA is not a dumpster fire - they make actual nice cars. Do I trust their numbers? Hell naw, but I think they'd report honestly if their boss would let them. I think they have the possibility of a bright future if they bring in an adult CEO who understands manufacturing strategy beyond yelling a lot, sleeping on the floor, and blaming others for self-inflicted harm.
 
2019-03-19 03:05:02 PM  

JohnBigBootay: Old Smokie: People keep asking me why I won't buy in.  If you give this guy your money (and yes I believe that's what actually happens at TSLA even if it isn't technically owned by one guy), you are either a) brave or b) believe you are very clever.  a) You're willing to bet this dumpster fire of a company has a good enough brand to justify its current valuation on some time frame you can stomach.  b) You think you're smarter than everyone else and are willing to bet you can get in and out on time to that you win while they lose

TSLA is not a dumpster fire - they make actual nice cars. Do I trust their numbers? Hell naw, but I think they'd report honestly if their boss would let them. I think they have the possibility of a bright future if they bring in an adult CEO who understands manufacturing strategy beyond yelling a lot, sleeping on the floor, and blaming others for self-inflicted harm.


You forgot stalking whistleblowers, hacking their phones, falsely reporting them as mass shooter risks. You know, things a sane normal person would do
 
2019-03-19 03:24:22 PM  
Tesla is in an incredible, one of a kind position for a car company. They (ignoring whatever details you don't like) are making electric cars without any internal competition from gasoline cars. See, VW, Ford, Nissan, whoever, they all can make ECs. But they really, really, really don't want to. So they release boxes with, let's say, limited appeal, then they trash the best ones, like the Volt. They can't fairly fund an internal division devoted to ECs because they make ICEs and it's that simple. It'd be like Microsoft releasing an OS X phone, McDonalds putting a gym in their restaurants, or Marlboro creating a brand of stop-smoking tools. Those could physically happen, but not being motivated by internal factors. Tesla has a lot of challenges, but they're external. They're going to keep making ECs and people are going to keep buying them, and the best thing they can do is release a pick up truck and semi, then release shinier and shinier versions of everything while the industry frets. I don't care if Musk has been on horse tranqs for years as long as Tesla keeps doing what it's doing.
 
2019-03-19 03:43:05 PM  

lifeslammer: Someone who ignores court orders


He didn't ignore the court order.

"a previous fraud settlement that required him to have the company pre-approve any tweets that could materially impact the automaker."

If he doesn't believe his tweets materially impact the automaker, he's not required to have the company pre-approve any of them.
 
2019-03-19 03:57:53 PM  

JohnBigBootay: Old Smokie: People keep asking me why I won't buy in.  If you give this guy your money (and yes I believe that's what actually happens at TSLA even if it isn't technically owned by one guy), you are either a) brave or b) believe you are very clever.  a) You're willing to bet this dumpster fire of a company has a good enough brand to justify its current valuation on some time frame you can stomach.  b) You think you're smarter than everyone else and are willing to bet you can get in and out on time to that you win while they lose

TSLA is not a dumpster fire - they make actual nice cars. Do I trust their numbers? Hell naw, but I think they'd report honestly if their boss would let them. I think they have the possibility of a bright future if they bring in an adult CEO who understands manufacturing strategy beyond yelling a lot, sleeping on the floor, and blaming others for self-inflicted harm.


I tried to look up reliability on consumer reports.  It's paywalled, but I got enough out of other sources to know that neither the Model S nor the Model 3 is recommended any more.  So they're no Toyota
 
2019-03-19 04:43:05 PM  

lifeslammer: You forgot stalking whistleblowers, hacking their phones, falsely reporting them as mass shooter risks.


I had forgotten about that. The oddest thing about all the weird Musk news is how people can just casually look past stuff they would otherwise find alarming and reprehensible. Calling that cave guy a pedophile wasn't some weird one-off - that''s how Elon's mind works when he's stressed.
 
2019-03-19 06:33:06 PM  

covfefe: I don't care if Musk has been on horse tranqs for years as long as Tesla keeps doing what it's doing.


You're looking at it the wrong way. To the point they have succeeded once they started actually selling in numbers it has been in spite of musk, not because of him. They had to change course on half his robot shiat and skipping fit testing for example. TSLA doesn't fold without elon musk, it becomes a better company when it gets out from under his thumb.
 
2019-03-19 06:51:02 PM  
I like Elon.
There  I said it.
 
2019-03-19 07:29:34 PM  
Has he always been this way or is just having a midlife crisis recently?
 
2019-03-19 08:00:14 PM  

mrmopar5287: lifeslammer: Someone who ignores court orders

He didn't ignore the court order.

"a previous fraud settlement that required him to have the company pre-approve any tweets that could materially impact the automaker."

If he doesn't believe his tweets materially impact the automaker, he's not required to have the company pre-approve any of them.


The SEC's response is... interesting:
The SEC said in Monday's filing that the pre-approval policy agreed in the settlement was designed to include a wide variety of his comments, not just those that were deemed material by the regulator's standards.
I'm not sure they have such broad 1st Amendment restriction powers.
 
2019-03-19 08:04:42 PM  

Theaetetus: mrmopar5287: lifeslammer: Someone who ignores court orders

He didn't ignore the court order.

"a previous fraud settlement that required him to have the company pre-approve any tweets that could materially impact the automaker."

If he doesn't believe his tweets materially impact the automaker, he's not required to have the company pre-approve any of them.

The SEC's response is... interesting:
The SEC said in Monday's filing that the pre-approval policy agreed in the settlement was designed to include a wide variety of his comments, not just those that were deemed material by the regulator's standards.
I'm not sure they have such broad 1st Amendment restriction powers.


Blue Origin or the like may have "invested in" someone(s) at the SEC.
 
2019-03-19 08:07:57 PM  

Theaetetus: mrmopar5287: lifeslammer: Someone who ignores court orders

He didn't ignore the court order.

"a previous fraud settlement that required him to have the company pre-approve any tweets that could materially impact the automaker."

If he doesn't believe his tweets materially impact the automaker, he's not required to have the company pre-approve any of them.

The SEC's response is... interesting:
The SEC said in Monday's filing that the pre-approval policy agreed in the settlement was designed to include a wide variety of his comments, not just those that were deemed material by the regulator's standards.
I'm not sure they have such broad 1st Amendment restriction powers.


Scratch that, and instead raise a red flag on Reuters and Alexandria Sage. The SEC didn't say anything like that in their filing. They said:
"... the plain language of this Court's order and the Tesla Policy state that Musk is required to seek pre-approval of any written communications that "contain or reasonably could contain" information material to Tesla or its shareholders." (emphasis in original)

That's not saying "the pre-approval policy applies to immaterial communications", but "these communications contain information that reasonably could be considered material."
 
2019-03-19 08:09:18 PM  

lindalouwho: Theaetetus: mrmopar5287: lifeslammer: Someone who ignores court orders

He didn't ignore the court order.

"a previous fraud settlement that required him to have the company pre-approve any tweets that could materially impact the automaker."

If he doesn't believe his tweets materially impact the automaker, he's not required to have the company pre-approve any of them.

The SEC's response is... interesting:
The SEC said in Monday's filing that the pre-approval policy agreed in the settlement was designed to include a wide variety of his comments, not just those that were deemed material by the regulator's standards.
I'm not sure they have such broad 1st Amendment restriction powers.

Blue Origin or the like may have "invested in" someone(s) at the SEC.


I like Elon, too, but he may have similarly "invested in" someone at Reuters to make the article that misleading.
 
2019-03-19 08:13:51 PM  

Theaetetus: lindalouwho: Theaetetus: mrmopar5287: lifeslammer: Someone who ignores court orders

He didn't ignore the court order.

"a previous fraud settlement that required him to have the company pre-approve any tweets that could materially impact the automaker."

If he doesn't believe his tweets materially impact the automaker, he's not required to have the company pre-approve any of them.

The SEC's response is... interesting:
The SEC said in Monday's filing that the pre-approval policy agreed in the settlement was designed to include a wide variety of his comments, not just those that were deemed material by the regulator's standards.
I'm not sure they have such broad 1st Amendment restriction powers.

Blue Origin or the like may have "invested in" someone(s) at the SEC.

I like Elon, too, but he may have similarly "invested in" someone at Reuters to make the article that misleading.


And the plot thickens!
 
2019-03-19 10:13:19 PM  
Well, if it is just a single tweet then it is no big deal.
 
2019-03-19 11:58:13 PM  
I own a Model 3. The car is amazing. Could have given a shiat about Elon or the company before buying one, it just fit my needs.

Say what you want about Elon, the things he says and does are downright idiotic (and illegal) at times, but Tesla makes one hell of a product.

I'm a very happy customer.
 
2019-03-20 05:56:46 AM  

Straight Outta Hate: Well, if it is just a single tweet then it is no big deal.


Yeah, judges sure seem to be happy to ignore it when you tell them to basically fark off
 
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