He used Twitter for untruthiness says the SEC
U.S. securities regulators on Thursday sought to force Tesla Inc. Chief Executive Elon Musk out of the company he helped get off the ground about 15 years ago, alleging he misled shareholders when he tweeted he had funding for what would have been the largest-ever corporate buyout.
https://www.wsj.com/articles/elon-musk- ... 1538079650
Tesla CEO Elon Musk has been sued by the Securities and Exchange Commission for fraud, according to court documents filed Thursday. Sources close to the company told CNBC the company was also expecting to be sued, though Tesla was not named as a defendant in the complaint.
Shares of the automaker fell more than 13 percent in extended trading Thursday. The stock is roughly 30 percent below its 52-week high of $387.46.
The SEC complaint alleges that Musk issued "false and misleading" statements and failed to properly notify regulators of material company events. The SEC held a press conference Thursday evening regarding the complaint.
Among other remedies, the SEC is seeking to bar Musk from serving as an officer or director of a publicly traded company if found guilty.
https://www.cnbc.com/2018/09/27/tesla-f ... y-sec.html
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I can see Tesla being sold to someone like Toyota or going out of business all together.
Elon Musk might be removed from Tesla
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Elon Musk might be removed from Tesla
by jimmyz » Thu Sep 27, 2018 5:35 pm
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Re: Elon Musk might be removed from Tesla
by Stratego » Thu Sep 27, 2018 5:52 pm
I sent him $210 and asked for 50% ownership of TSLA so he's not lying. If the market cap ever drops to $420 I'd own half the company.
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Sigmund Freud defined four parts of a psyche; the id, the ego, the superego and the stratego. The Stratego being the highest form of morality and scientific thinking.
If guns are not outlawed, the in-laws will have guns.
If guns are not outlawed, the in-laws will have guns.
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Re: Elon Musk might be removed from Tesla
by Philly » Fri Sep 28, 2018 7:45 pm
Good. Musk is a complete piece of shit and embarrassment to humanity.
go ahead. keep screaming "Shut The f**k Up " at me. it only makes my opinions Worse
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Re: Elon Musk might be removed from Tesla
by jimmyz » Sat Sep 29, 2018 3:42 pm
Man! how I wish I shorted Tesla.
https://www.businessinsider.com/how-muc ... iew-2018-8
This was on Aug 18th. The "1 billion" made by short selling then has to be in the tens of billions as of now?
https://www.businessinsider.com/how-muc ... iew-2018-8
This was on Aug 18th. The "1 billion" made by short selling then has to be in the tens of billions as of now?
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Re: Elon Musk might be removed from Tesla
by jimmyz » Sat Sep 29, 2018 3:47 pm
3 minutes ago - Elon Musk settles with US regulators. More info to follow.
https://www.bbc.com/news/business-45696150
https://www.bbc.com/news/business-45696150
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Re: Elon Musk might be removed from Tesla
by jimmyz » Sat Sep 29, 2018 3:57 pm
deleted-posted in wrong thread
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Re: Elon Musk might be removed from Tesla
by jimmyz » Sat Sep 29, 2018 10:40 pm
No harm no foul as long as you have 40 million in your pocket
https://apnews.com/128cc400e4244566a2f1 ... ce=Twitter
https://apnews.com/128cc400e4244566a2f1 ... ce=Twitter
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Re: Elon Musk might be removed from Tesla
by The Comrade » Sun Sep 30, 2018 8:37 am
azealia banks brought down elon musk
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Re: Elon Musk might be removed from Tesla
by ToddStarnes » Tue Oct 02, 2018 3:23 am
That volatility roller coaster was fun if you got off at the right stops.
LOL at GE.
LOL at GE.
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Re: Elon Musk might be removed from Tesla
by Saz » Tue Oct 02, 2018 5:08 pm
DON'T BE A TOUGH GUY. DON'T BE A FOOL! I WILL CALL YOU LATER.
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