What's your take on Tesla?
Discussion
Well that's me out for the moment... Nice profit on the 'spliff dip'. This investigation about the tweets will run for ages and will drag it down while so I am getting out.
My advice, look for a buying opportunity as this story gets worse and worse, ready for a jump when it all blows over.
My advice, look for a buying opportunity as this story gets worse and worse, ready for a jump when it all blows over.
Musk is an intelligent guy. He must realise that he has made a blatantly defamatory allegation against Mr Unsworth, for which he has no evidence whatsoever.
So why did he do it?
Either he is so narcissistic that his ego couldn’t handle the slightest questioning of his ideas, or he is so deluded and his judgement is so deeply flawed that he thinks he is above the law and that defamation laws don’t apply to him.
Either way, If I were a Tesla shareholder or employee I would be extremely concerned about Musk’s highly unpredictable and erratic behaviour. If I were a Tesla board member, I would be asking serious questions about Musk’s suitability to remain CEO.
If Uber can fire Travis Kalanick, Tesla can fire Musk.
So why did he do it?
Either he is so narcissistic that his ego couldn’t handle the slightest questioning of his ideas, or he is so deluded and his judgement is so deeply flawed that he thinks he is above the law and that defamation laws don’t apply to him.
Either way, If I were a Tesla shareholder or employee I would be extremely concerned about Musk’s highly unpredictable and erratic behaviour. If I were a Tesla board member, I would be asking serious questions about Musk’s suitability to remain CEO.
If Uber can fire Travis Kalanick, Tesla can fire Musk.
The news yesterday was criminal investigation re taking it private, the pedo law suit is another story. He’s also recently announced full self driving features aren’t in the upcoming next big release but the one after, and the big releases are about 2 years apart, and he’s also teeeted they’re in logistics hell.
Despite all the bad press caused by musk, I wouldn’t be surprised if they have their best ever quarter, not sure they’ll turn a profit but they probably would if they could use the Aston Martin school of accountancy and capitalise some R&D
Despite all the bad press caused by musk, I wouldn’t be surprised if they have their best ever quarter, not sure they’ll turn a profit but they probably would if they could use the Aston Martin school of accountancy and capitalise some R&D
Jon39 said:
8th August 2018
The rules will differ between USA and UK, but I was surprised that a director of a publicly quoted company, makes a market moving statement openly on social media, before formally announcing to the exchange.
If a FTSE 100 CEO did that, there would be trouble.
Is it allowed in the US?
The rules will differ between USA and UK, but I was surprised that a director of a publicly quoted company, makes a market moving statement openly on social media, before formally announcing to the exchange.
If a FTSE 100 CEO did that, there would be trouble.
Is it allowed in the US?
Sometimes, Pistonheads brings you today's news, 7 weeks early.
'Musk charged with fraud over Tesla buyout tweets
Chief executive faces ban from boards as watchdog sues him over ‘false and misleading’ statements'
- 28th September 2018
Jon39 said:
Jon39 said:
8th August 2018
The rules will differ between USA and UK, but I was surprised that a director of a publicly quoted company, makes a market moving statement openly on social media, before formally announcing to the exchange.
If a FTSE 100 CEO did that, there would be trouble.
Is it allowed in the US?
The rules will differ between USA and UK, but I was surprised that a director of a publicly quoted company, makes a market moving statement openly on social media, before formally announcing to the exchange.
If a FTSE 100 CEO did that, there would be trouble.
Is it allowed in the US?
Sometimes, Pistonheads brings you today's news, 7 weeks early.
'Musk charged with fraud over Tesla buyout tweets
Chief executive faces ban from boards as watchdog sues him over ‘false and misleading’ statements'
- 28th September 2018
Heres Johnny said:
The use of twitter is irrelevant - its the content of the tweet thats at fault, the SEC have long time accepted his Twitter account is a formal communication channel to the market.
They didn’t ‘accept’, TSLA filed Musk’s personal Twitter account as a formal channel of communication to both shareholders and the public with the SEC. DonkeyApple said:
Heres Johnny said:
The use of twitter is irrelevant - its the content of the tweet thats at fault, the SEC have long time accepted his Twitter account is a formal communication channel to the market.
They didn’t ‘accept’, TSLA filed Musk’s personal Twitter account as a formal channel of communication to both shareholders and the public with the SEC. 
t?It never ceases to amaze and impress me how quickly the US government, courts and SEC act in cases like this. A similar case it the UK would bounce around the courts for years.
He seems to have got off pretty lightly - install an ‘independent’ chairman of the board for 3 years, and carry on running the company. 20M is petty cash. Whatever happened to the buy out plan though?
He seems to have got off pretty lightly - install an ‘independent’ chairman of the board for 3 years, and carry on running the company. 20M is petty cash. Whatever happened to the buy out plan though?
Edited by abzmike on Sunday 30th September 06:15
abzmike said:
It never ceases to amaze and impress me how quickly the US government, courts and SEC act in cases like this. A similar case it the UK would bounce around the courts for years.
He seems to have got off pretty lightly - install an ‘independent’ chairman of the board for 3 years, and carry on running the company. 20M is petty cash. Whatever happened to the buy out plan though?
I agree, over the weekend too,He seems to have got off pretty lightly - install an ‘independent’ chairman of the board for 3 years, and carry on running the company. 20M is petty cash. Whatever happened to the buy out plan though?
Edited by abzmike on Sunday 30th September 06:15
I suspect the share price will be back to $300 and a number of indicators suggest the quarter figures might even scrape a profit (not without some accountancy games) and $350 is around the corner, more yo-yo stock price movements.
The take private was dead for a host of reasons, a number of which if Musk had asked a few questions before he tweeted he’d have understood.
abzmike said:
Whatever happened to the buy out plan though?
There never was one. It was a burn out plan, not a buy out. Hence the action. And as you say, it’s always impressed me how swiftly the SEC can react, deal and move on. The FSA has to be woken up, have it all explained, go to lunch, go out and hire a team that cannunderstand, have it all explained, have the team quit as they run out of bluff that they understand, hire another team, have it all explained, ask the BaFIN what they should do, not understand, settle on an open letter only published on their website about ten years after everyone has long forgotten, all evidence has been shredded and half the people involved are dead that explains how it’s just not on.
DonkeyApple said:
There never was one. It was a burn out plan, not a buy out. Hence the action.
And as you say, it’s always impressed me how swiftly the SEC can react, deal and move on. The FSA has to be woken up, have it all explained, go to lunch, go out and hire a team that cannunderstand, have it all explained, have the team quit as they run out of bluff that they understand, hire another team, have it all explained, ask the BaFIN what they should do, not understand, settle on an open letter only published on their website about ten years after everyone has long forgotten, all evidence has been shredded and half the people involved are dead that explains how it’s just not on.
And as you say, it’s always impressed me how swiftly the SEC can react, deal and move on. The FSA has to be woken up, have it all explained, go to lunch, go out and hire a team that cannunderstand, have it all explained, have the team quit as they run out of bluff that they understand, hire another team, have it all explained, ask the BaFIN what they should do, not understand, settle on an open letter only published on their website about ten years after everyone has long forgotten, all evidence has been shredded and half the people involved are dead that explains how it’s just not on.
, you forgot one step though which is change the name of the agency halfway through (are they still the FCA or have they moved on to something else?)ReaperCushions said:
Hope no one was holding Tesla tonight.
As mentioned above, I think this will hold the price down for a while before bouncing back. Look for buying opportunities!
Just quoting myself as I didn't list to my own advice. As mentioned above, I think this will hold the price down for a while before bouncing back. Look for buying opportunities!
Anyone spot the opportunity I was talking about
Wish I was braver on friday, I thought it had further to fall..... what do I know.
This piece is a good summary. https://techcrunch.com/2018/10/07/elon-musk-deserv...
The point it makes about the exception for "central figures" apparently agreed by the SEC is spot on. I think that they have failed to consider the bigger picture here, and I hope that the judge invites them to reconsider. This is perhaps more possible since Musk tweeted about the "Shortseller Enrichment Corporation".
The point it makes about the exception for "central figures" apparently agreed by the SEC is spot on. I think that they have failed to consider the bigger picture here, and I hope that the judge invites them to reconsider. This is perhaps more possible since Musk tweeted about the "Shortseller Enrichment Corporation".
The conspiracy theorists would have you believe Musk is trying to get banned, He would then walk away from Tesla saying he was pushed, not his doing.
Meanwhile, there's more noise about the finances not looking good despite sales, but they took in what looks like at least a thousand cars in part ex in Sept to help hit the MSMX numbers, they've just dropped a thousand more unsold inventory into Holland, and the M3 wait list is relatively short.
If they can't make substantial operating profits last quarter at a time when production is all but at capacity and they're selling the most profitable models, when will they?
So if he is seeing the writing on the wall, and if he wants out, this is probably his best way. Be banned, be pissed off, your loyal fans feel sorry for you, you cash out a couple or 3 Billion to move into other projects and watch the Tesla world fall apart or consumed by others. Much better than hanging on and end up with nothing.
Meanwhile, there's more noise about the finances not looking good despite sales, but they took in what looks like at least a thousand cars in part ex in Sept to help hit the MSMX numbers, they've just dropped a thousand more unsold inventory into Holland, and the M3 wait list is relatively short.
If they can't make substantial operating profits last quarter at a time when production is all but at capacity and they're selling the most profitable models, when will they?
So if he is seeing the writing on the wall, and if he wants out, this is probably his best way. Be banned, be pissed off, your loyal fans feel sorry for you, you cash out a couple or 3 Billion to move into other projects and watch the Tesla world fall apart or consumed by others. Much better than hanging on and end up with nothing.
Heres Johnny said:
The conspiracy theorists would have you believe Musk is trying to get banned, He would then walk away from Tesla saying he was pushed, not his doing.
Meanwhile, there's more noise about the finances not looking good despite sales, but they took in what looks like at least a thousand cars in part ex in Sept to help hit the MSMX numbers, they've just dropped a thousand more unsold inventory into Holland, and the M3 wait list is relatively short.
If they can't make substantial operating profits last quarter at a time when production is all but at capacity and they're selling the most profitable models, when will they?
So if he is seeing the writing on the wall, and if he wants out, this is probably his best way. Be banned, be pissed off, your loyal fans feel sorry for you, you cash out a couple or 3 Billion to move into other projects and watch the Tesla world fall apart or consumed by others. Much better than hanging on and end up with nothing.
Makes me wonder if the whole thing could be DeLorean "the next generation".Meanwhile, there's more noise about the finances not looking good despite sales, but they took in what looks like at least a thousand cars in part ex in Sept to help hit the MSMX numbers, they've just dropped a thousand more unsold inventory into Holland, and the M3 wait list is relatively short.
If they can't make substantial operating profits last quarter at a time when production is all but at capacity and they're selling the most profitable models, when will they?
So if he is seeing the writing on the wall, and if he wants out, this is probably his best way. Be banned, be pissed off, your loyal fans feel sorry for you, you cash out a couple or 3 Billion to move into other projects and watch the Tesla world fall apart or consumed by others. Much better than hanging on and end up with nothing.
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