The Swamp

But fuck that tweet today seems like it should be illegal.

A_B wrote: ↑Tue Aug 07, 2018 7:56 pm But fuck that tweet today seems like it should be illegal.

Fuck, yeah. He caused the stock price to jump, based on what is probably just hyperbole. That is stock manipulation. If he has financing lined up for a planned buyout, he needs to file it with the SEC. If he was just bullshitting and doesn't have it lined up, he ought to be severely sanctioned.

LA Times wrote:...The fact that no actual deal was announced or funders identified sparked questions about whether the billionaire entrepreneur had improperly manipulated the company’s share price.

“The CEO announced a tender offer for the company, and the stock closed up 11%. If I were at the SEC, I’d definitely have some questions for Mr. Musk,” said Justin Hibbard, senior forensic accountant at Code Accounting. (The Securities and Exchange Commission declined to comment.)

Rob Majteles, who runs Oakland investment firm Treehouse Capital and has a short position in Tesla, was even more blunt. “In the real world, this is fraud. No announced halt, no communication, shares trade with no info.… In today’s world? Who the hell knows?”...

Yep, in today's Trumpworld of laissez-faire non-enforcement of shady practices, who the hell knows?

Correct. It's fraud.

But, again, remember, the laws and rules don't apply to everyone.

SEC is fine with announcements via Twitter, as of 2013:
https://www.adweek.com/digital/sec-recognizes-twitter/

Could have been handled better, but the he/the company put out a release saying it was going to a shareholder vote. I think fraud is a little of an overreaction here. The real fraud here is the people with massive short positions that have been allowed to lie and spread false information about the company in order to manipulate the stock price.

disclosure: TSLA shareholder

phxgators wrote: ↑Wed Aug 08, 2018 11:03 am SEC is fine with announcements via Twitter, as of 2013:
https://www.adweek.com/digital/sec-recognizes-twitter/

Could have been handled better, but the he/the company put out a release saying it was going to a shareholder vote. I think fraud is a little of an overreaction here. The real fraud here is the people with massive short positions that have been allowed to lie and spread false information about the company in order to manipulate the stock price.

disclosure: TSLA shareholder

I agree about the short sellers who spread false information. They are scum. I dealt with those guys regularly during my corporate life as an Investor Relations guy.

Apparently the SEC feels the tweet covered TSLA against selective disclosure accusations. But, the stock should have been halted. If Nasdaq knew this tweet was coming, they would have halted trading until the following day. I know the IR guy at TSLA a little bit, and I'm pretty sure he didn't know this tweet was coming. Fraud may be an overstatement, but people have been busted hard for less. Musk is a sophisticated guy. I can't believe this wasn't a designed plan to screw the shorts. And while that might be satisfying, it also looks like stock manipulation, which is illegal.

Yeah, he really should have released the post on their investor page before his tweet. Would have looked better.

Bought shares back in early April, on the dip, at $258.

Sold 2/3 of my stake today to take initial investment out and letting the remaining holdings ride it out.

Wish I made a similar move with my GE shares. Bought below $11 on a dip back in the 08-09 crash. Riding the coaster up to $30+ and then back down to low teens has been tough especially as alternative investments have done so well. “If I only would have invested in Bezos instead”

What an asshole. There are few things that make me lose respect for leaders or CEO types faster than hearing that they indiscriminately fire people.

There's dozens of reasons better to sell your Tesla stock than "Elon Musk smokes weed".

He's more mid-life crisis than human at this point.

We posted at the exact same time about him in separate threads.

High five!

This is some modern day Joe Kennedy shit.

brian wrote: ↑Fri Sep 07, 2018 1:19 pm There's dozens of reasons better to sell your Tesla stock than "Elon Musk smokes weed".

Yep.

48 executives bailing on the company since January would be a good reason.

SEC sues Musk for that tweet that I referenced badly.

Full, non-photoshopped image:

I legit thought it was a group joke on twitter last night, like there was some new Transformers movie or something and people were pretending it was Tesla. Then the amazing video came out.

Aw man I loved Starfox.

rass wrote: ↑Fri Nov 22, 2019 9:26 am Aw man I loved Starfox.

It and the never released in the US Starfox 2 are on the Super NES mini. $80 gives you those two and 28 other classics like Zelda 3, Mario World, Super Metroid, and Final Fantasy 3 (6 worldwide), among others. Money well spent.

Almost like it's possible that some of these brilliant guys are, in fact, not.

L-Jam3 wrote: ↑Fri Nov 22, 2019 9:44 am

rass wrote: ↑Fri Nov 22, 2019 9:26 am Aw man I loved Starfox.

It and the never released in the US Starfox 2 are on the Super NES mini. $80 gives you those two and 28 other classics like Zelda 3, Mario World, Super Metroid, and Final Fantasy 3 (6 worldwide), among others. Money well spent.

or you can build a RetroPi (https://retropie.org.uk/) and play across many platforms and whatever games you want.

I'm a little bit of a stickler when it comes to copyrights. I never even illegally downloaded a song, even during the height of the Napster era in the early 2000s.

I think WLU gets some kind of kickback for every time he mentions one of those Pi things.

Anyone else see the new Ford Mustang electric SUV thing? I like it.

The more I look at the truck, the more I like it. I'd love to see one in person.

Looks like an F-117 on wheels.

phxgators wrote: ↑Fri Nov 22, 2019 11:50 am The more I look at the truck, the more I like it. I'd love to see one in person.

Looks like an F-117 on wheels.

Looks like a late 90's computer game vehicle.

Crap. I knew there was a thread. I put the post about that truck in another one. Oh well.

govmentchedda wrote: ↑Fri Nov 22, 2019 11:25 am Anyone else see the new Ford Mustang electric SUV thing? I like it.

That looks neutered. Why even call it a Mustang? Looks like a crossover vehicle that a major manufacturer would create to tap into a new market. Nothing about that car is sporty or intriguing.

ETA

Maybe it's just me, but if you want to go retro futurist on a vehicle, add a machine gun.

govmentchedda wrote: ↑Fri Nov 22, 2019 11:25 am Anyone else see the new Ford Mustang electric SUV thing? I like it.

I like it too, but it looks more like an SUV Ford Fusion, than a Mustang.

phxgators wrote: ↑Fri Nov 22, 2019 11:50 am The more I look at the truck, the more I like it. I'd love to see one in person.

Looks like an F-117 on wheels.

I agree...nice to see something different.

phxgators wrote: ↑Fri Nov 22, 2019 11:50 am The more I look at the truck, the more I like it. I'd love to see one in person.

Looks like an F-117 on wheels.

Like that he played himself in Rick and Morty this week

Elon's new kids name:
X Æ A-12 Musk

Everything about him is so embarrassing.

Finally had enough of his stupid tweets, so I unfollowed him today. Hope he learned his lesson.

The ONLY thing I know about Tesla the band, because of Columbia House CD catalogs, is that they had an album called Bust a Nut. And now I'm just learning that this douche got someone pregnant and I never got to make the joke. Fuck him.

There were signs of this all over the news.

People thought Howard Hughes was normal at one time as well.