Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Teslaís Elon Musk settles with SEC, paying $20 million fine and resigning as board chairman
The Washington Post ^ | 29 September 2018 | Renae Merle

Posted on 09/29/2018 10:50:42 PM PDT by zeestephen

The SEC sued Musk on Thursday for allegedly lying to investors when he tweeted last month that he had “funding secured” to take Tesla private....Tesla will separately pay another $20 million....Musk and Tesla were not required to admit to any wrongdoing as part of the settlement.

(Excerpt) Read more at msn.com ...


TOPICS: News/Current Events
KEYWORDS: elonmusk; falcon9; falconheavy; searchworks; spacex
Navigation: use the links below to view more comments.
first 1-2021-26 next last

1 posted on 09/29/2018 10:50:42 PM PDT by zeestephen
[ Post Reply | Private Reply | View Replies]

To: zeestephen

He remains CEO. I doubt that this will impact daily operations. Finances might even improve with someone else acting as Chairman.


2 posted on 09/29/2018 11:06:13 PM PDT by Pelham (Non-Hispanic whites decreased from about 78% of California’s population in 1970 to 38.0% in 2015)
[ Post Reply | Private Reply | To 1 | View Replies]

To: zeestephen

Probably time to invest in Tesla.

USG heavy into that bastard.


3 posted on 09/29/2018 11:22:19 PM PDT by eyedigress ((Old storm chaser from the west))
[ Post Reply | Private Reply | To 1 | View Replies]

To: zeestephen

I think Elon simply needs to take a small sabbatical & refresh his mind, body and soul.


4 posted on 09/29/2018 11:33:24 PM PDT by House Atreides (BOYCOTT the NFL, its products and players 100% - PERMANENTLY)
[ Post Reply | Private Reply | To 1 | View Replies]

To: zeestephen; Pelham

I know freepers hate him as much as they hate pit bulls

But I like Elon Musk

I find him interesting and very very sharp even when stoned....him not me


5 posted on 09/29/2018 11:35:32 PM PDT by wardaddy (I don’t care that you’re not a racist......listening to the Troggs late tonight....babababambababa)
[ Post Reply | Private Reply | To 1 | View Replies]

To: wardaddy

They’re just being stupid and judgmental, one of the favorite hobbies around here. Musk is one of those rare innovative geniuses like Howard Hughes. And old Howard had plenty of gov’t contracts too, probably a whole lot more than Musk can dream of.

Moreover the tax credits he’s been using are open to every company in the US that can figure out how to generate them. And unlike Solyndra that it gets compared to, Tesla is a going concern producing a real product. The tax credits are about to end, at least for Tesla, because it is based upon a production target that once achieved ends the credits.


6 posted on 09/29/2018 11:44:33 PM PDT by Pelham (Non-Hispanic whites decreased from about 78% of California’s population in 1970 to 38.0% in 2015)
[ Post Reply | Private Reply | To 5 | View Replies]

To: Pelham

Indeed

Howard and Musk both have left brain cred


7 posted on 09/29/2018 11:47:38 PM PDT by wardaddy (I don’t care that you’re not a racist......listening to the Troggs late tonight....babababambababa)
[ Post Reply | Private Reply | To 6 | View Replies]

To: wardaddy

I don’t hate him. Don’t worship him either. I kinda like him and his grand plans.

Space X is terrific. Tesla is a sideshow.


8 posted on 09/30/2018 12:01:12 AM PDT by mindburglar (I like spelling it Lazers. It looks cooler.)
[ Post Reply | Private Reply | To 5 | View Replies]

To: wardaddy

>> left brain cred

He’s an innovator, not an engineer. Could be the right hemisphere that’s the catalyst to his success.


9 posted on 09/30/2018 12:04:02 AM PDT by Gene Eric (Don't be a statist!)
[ Post Reply | Private Reply | To 7 | View Replies]

To: wardaddy

Right brain.


10 posted on 09/30/2018 12:42:55 AM PDT by RoosterRedux
[ Post Reply | Private Reply | To 7 | View Replies]

To: zeestephen

bookmark


11 posted on 09/30/2018 12:46:37 AM PDT by GOP Poet
[ Post Reply | Private Reply | To 1 | View Replies]

To: wardaddy

“But I like Elon Musk”

Same here. He reminds me a bit of Steve Jobs, only he is even more creative, more driven, unafraid, unconventional and a risk taker.

He’s much more of a libertarian than a liberal.

Enjoyed reading his biography... he’s truly a force of nature.


12 posted on 09/30/2018 12:47:57 AM PDT by aquila48
[ Post Reply | Private Reply | To 5 | View Replies]

To: zeestephen

USE THE MONEY TO BUILD THE WALL!!


13 posted on 09/30/2018 1:40:10 AM PDT by MadMax, the Grinning Reaper
[ Post Reply | Private Reply | To 1 | View Replies]

To: zeestephen

No more financial crimes any more, at least above above before a level. What a country.


14 posted on 09/30/2018 1:42:05 AM PDT by Wolfie
[ Post Reply | Private Reply | To 1 | View Replies]

To: House Atreides

I think Elon simply needs to take a small sabbatical & refresh his mind, body and soul.

...

All this is nothing new for him, just on a larger scale. He was ousted as CEO of his first two companies and he came back bigger than ever.


15 posted on 09/30/2018 3:00:20 AM PDT by Moonman62 (Give a man a fish and he'll be a Democrat. Teach a man to fish and he'll be a responsible citizen.)
[ Post Reply | Private Reply | To 4 | View Replies]

To: Pelham

He remains CEO. I doubt that this will impact daily operations.

...

Correct. Plus he owns 20 percent of the stock and has options to own much more based on performance. The Chairman controls the board who is supposed to look out for the investors.


16 posted on 09/30/2018 3:02:06 AM PDT by Moonman62 (Give a man a fish and he'll be a Democrat. Teach a man to fish and he'll be a responsible citizen.)
[ Post Reply | Private Reply | To 2 | View Replies]

To: wardaddy

I know freepers hate him as much as they hate pit bulls

But I like Elon Musk

I find him interesting and very very sharp even when stoned....him not me

...

I’m neutral, but he is by far the most interesting person to follow in the tech/business world these days.

I didn’t care much for Steve Jobs, but he was interesting person to follow, too.


17 posted on 09/30/2018 3:03:51 AM PDT by Moonman62 (Give a man a fish and he'll be a Democrat. Teach a man to fish and he'll be a responsible citizen.)
[ Post Reply | Private Reply | To 5 | View Replies]

To: mindburglar

Re Tesla: I think “sideshow” undermines some fantastic design and implementation.

I personally don’t want anything to do with electric at this point in the tech. Batteries need an unprecedented breakthrough. Plus I can’t pull my boat with an electric “truck.”

That said, the first time I got in a Tesla was a revelation in terms of design. I looked around and said aloud “all car dashes will look like this in 10 years.” I have started to notice in commercials that it is happening.

I think, barring a technology breakthrough, Musk will end up being seen like Tucker. If Tesla is lucky they merge with a traditional car company.


18 posted on 09/30/2018 4:57:27 AM PDT by laxcoach (Government is greedy. Taxpayers who want their own money are not greedy.)
[ Post Reply | Private Reply | To 8 | View Replies]

To: zeestephen

Can I get another huge bag of marijuana over here please.


19 posted on 09/30/2018 5:06:12 AM PDT by Delta 21 (.....been here this long you actually expect me to read the article....)
[ Post Reply | Private Reply | To 1 | View Replies]

To: laxcoach

Don’t get me wrong. Teslas are awesome. I just don’t think he’s gonna make money on them. Agree about the dash.


20 posted on 09/30/2018 5:29:52 AM PDT by mindburglar (I like spelling it Lazers. It looks cooler.)
[ Post Reply | Private Reply | To 18 | View Replies]


Navigation: use the links below to view more comments.
first 1-2021-26 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson