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Elon Musk’s SEC twitter taunts may backfire
Fox Business ^ | October 6, 2018 | Lydia Moynihan

Posted on 10/06/2018 8:23:34 AM PDT by jazusamo

The settlement between Tesla and the U.S. Securities and Exchange Commission stipulates that CEO Elon Musk will no longer have free reign to tweet. Yet on Friday, Musk fired off another damn-the-consequences tweet, calling the SEC the “shortseller enrichment committee.”

Whoops! We couldn't access this Tweet.

What gives?

Even though Musk’s Twitter post appears to violate the spirit of the recent settlement, the SEC is largely powerless to stop Musk’s tirades until the settlement is approved by Federal Judge Alison Nathan of the Southern District of New York, which could take several weeks.

She has asked Tesla and the SEC to send a joint letter to explain why the settlement is “appropriate” before she reviews the case.

Sources with knowledge of the matter tell FOX Business SEC regulators are in a bind - they don’t want to punish shareholders of Tesla by coming down on the publicly traded company too hard - but it’s painful to countenance Musk’s blatant flouting of the rules. Sources familiar with the matter worry Musk may make the SEC appear feckless.

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


TOPICS: Business/Economy; News/Current Events
KEYWORDS: elonmusk; musk; sec; secsettlement; tesla
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To: Wurlitzer

“there is some...” not “their is some...”


21 posted on 10/06/2018 10:12:31 AM PDT by Wurlitzer (Nothing says "ignorance" like Islam! 969)
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To: lewislynn

It depends where you live. Where I am, we see Teslas pretty much daily. There are charging stations scattered throughout the are. In fact, I believe there’s one across the street.


22 posted on 10/06/2018 10:17:39 AM PDT by sitetest (No longer mostly dead.)
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To: MuttTheHoople

8 <)


23 posted on 10/06/2018 10:47:03 AM PDT by Robert A Cook PE (The democrats' national goal: One world social-communism under one world religion: Atheistic Islam.)
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To: jazusamo
First off Musk is not untouchable but that doesn’t mean he’s not brilliant if not a very smart businessman; PayPal, Tesla, and SpaceX are examples of that.

I still don't see how any of that makes him a genius or brilliant, like we hear often about him.

Paypal? Not an original idea. Tesla? Nope, not original either. SpaceX? Just an attempt to do what's been done before, but not "directly" involving NASA. Hyperloop? The idea has been around for over 50 years.

What Musk can be described as, is a dreamer, and what he's been able to do is to use his Paypal reputation to attain funding for some of the other projects. But, genius? Brilliant? Not so much.

On the business side, he's only achievements are questionable, since he has depended so much on government assistance to get those projects started, and so far, not much to show for them, except debt.
24 posted on 10/06/2018 11:21:52 AM PDT by adorno
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To: pepsi_junkie

Professional short sellers are scum.

Musk will make a lot more friends than enemies in the financial community.


25 posted on 10/06/2018 11:32:05 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.)
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To: jazusamo
First off Musk is not untouchable but that doesn’t mean he’s not brilliant if not a very smart businessman; PayPal, Tesla, and SpaceX are examples of that.

Let's not forget Zip2 and the Boring Company.

I consider him to be a conman, he takes advantage of every type subsidy whether from government or investor and though I don’t agree with that as long as it’s legal I say more power to him.

And at one time that described Donald Trump.

https://www.nytimes.com/1984/04/08/magazine/the-expanding-empire-of-donald-trump.html?pagewanted=all

26 posted on 10/06/2018 11:34:55 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.)
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To: Moonman62

“There’s a reason that Tesla is ranked number one in customer satisfaction, way above GM”

In in spite of horrendous quality. Many stories like this one below. How can Customer satisfaction be so high? A lot of customers are simply Elon Musk cultist fanboys is my guess.

https://www.google.com/amp/s/www.forbes.com/sites/brookecrothers/2018/09/02/tesla-model-3-owner-review-quality-issues-consumer-reports-customer-satisfaction/amp/


27 posted on 10/06/2018 11:58:34 AM PDT by DAC21
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To: Moonman62

Professional short sellers are scum.
************
You don’t understand how the markets work.


28 posted on 10/06/2018 12:00:17 PM PDT by Neidermeyer (Show me a peaceful Muslim and I will show you a heretic to the Koran.)
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To: Neidermeyer

You don’t understand how the markets work.

...

I was commenting on professional short sellers, not the markets.


29 posted on 10/06/2018 12:02:00 PM 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.)
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To: DAC21

You can keep guessing and be wrong, or do some research and be right.


30 posted on 10/06/2018 12:03:26 PM 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.)
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To: DAC21; Moonman62

“There’s a reason that Tesla is ranked number one in customer satisfaction, way above GM”
**************
It has to do with the buyers... Buick is ranked higher in initial quality than Porsche ,, Why? Simple; Buicks are bought by old people that don’t see even glaring problems in the cars they buy the same as Tesla fanboies like Moonman while Porsche buyers are nit-picky.

Calling the lack of dealerships , authorized repair facilities and spare parts being unavailable a positive is borderline insanity. If your Tesla gets a small dent in a rear quarter panel , a $1000 body shop repair on any other car ,, your Tesla will likely get “totalled” because of the lack of spare body panels. Tesla’s are EXTREMELY expensive to insure ,, in fact the higher insurance costs eat up any savings on gasoline purchases you might have.


31 posted on 10/06/2018 12:08:31 PM PDT by Neidermeyer (Show me a peaceful Muslim and I will show you a heretic to the Koran.)
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To: Moonman62

the market requires people to believe that it is regulated and fair. CEOs that lie to the public to cover up their own failures or crimes cannot be tolerated. Musk is being tolerated. He’s special.


32 posted on 10/06/2018 12:13:28 PM PDT by pepsi_junkie (Often wrong, but never in doubt!)
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To: Neidermeyer

Funny you mention Porsche. They are ranked second behind Tesla for customer satisfaction.

And not using dealerships is a tremendous positive and innovation. I gave the reasons why most customers are very satisfied with Tesla, even though some do have a lot of problems.

Tesla’s are expensive in every way. For now that’s not a problem, but they’ll get a lot more affordable in the future. People like them so much they are willing to pay the money. Look at the comment above about a FReeper driving a Model S.


33 posted on 10/06/2018 12:31:03 PM 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.)
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To: Moonman62

I didn’t write the articles just reporting what’s out there for everyone to see. Fanboy

https://www.greencarreports.com/news/1115659_tesla-model-3-quality-is-terrible-but-does-it-matter-to-buyers

https://www.google.com/url?sa=t&source=web&rct=j&url=https://www.forbes.com/sites/brookecrothers/2018/09/02/tesla-model-3-owner-review-quality-issues-consumer-reports-customer-satisfaction/amp/&ved=2ahUKEwivjr6WyvLdAhWa3oMKHS5wAU8QFjAMegQIBBAB&usg=AOvVaw1mX1ZWdAXhTFWQjEim97cy&ampcf=1

https://www.google.com/url?sa=t&source=web&rct=j&url=https://amp.businessinsider.com/tesla-silences-team-concerned-about-quality-issues-according-to-former-engineer-2018-7&ved=2ahUKEwivjr6WyvLdAhWa3oMKHS5wAU8QFjAPegQIBxAB&usg=AOvVaw0wO7Y_8fyT41ezg-LngBQt&ampcf=1

https://www.google.com/url?sa=t&source=web&rct=j&url=https://www.cheatsheet.com/money-career/the-biggest-problems-tesla-model-3-owners-have-reported.html/&ved=2ahUKEwivjr6WyvLdAhWa3oMKHS5wAU8QFjAOegQIAxAB&usg=AOvVaw12_GYJyldMoK3s741Nu_Sy

https://www.cheatsheet.com/money-career/the-biggest-problems-tesla-model-3-owners-have-reported.html/


34 posted on 10/06/2018 12:51:32 PM PDT by DAC21
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To: DAC21

If you only want to see the negative, that’s all you’ll see, and you’ll attack anyone who points out that there’s positives also.


35 posted on 10/06/2018 12:59:48 PM 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.)
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To: Moonman62

Tesla’s are expensive in every way. For now that’s not a problem, but they’ll get a lot more affordable in the future.
************
Like DeLorean’s became real cheap after 1982? Tesla can service your car just fine if you live in San Francisco or Manhattan but not in my area... I know someone that’s been waiting 2 weeks for a $700 drivers door handle to be replaced so he can use his car... Elons “delivery hell” is all his making as they deliver to your door instead of a dealership... The backlog of profitable dual motor model 3’s have been built , now EVERY car they build going forward is a money loser.

That idiot Musk due to the fraud he perpetrated on the public with the “going private at $420” fiasco made it impossible for Tesla to raise capital in a private placement as they have done in the past... without another cash infusion they’re toast... they might have a small profit this quarter but it’s a one time deal...


36 posted on 10/06/2018 1:44:38 PM PDT by Neidermeyer (Show me a peaceful Muslim and I will show you a heretic to the Koran.)
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