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Elon Musk


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21 minutes ago, Xann said:

After a joint? Unlikely.

After a bucket or a bong?

Perhaps?

:)

A real moment in our culture this.

Had he shared a glass of wine - zero problem.

A glass of good whisk(e)y/beer - almost zero problem.

A joint - think of the children. It may be legal but society has not caught up with this yet, so poor Musk smoking a joint is obviously another sign of him losing it rather than a guy doing something completely legal to relax outside of work. 

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1 hour ago, chrisp65 said:

Tesla shares drop 10% due to antics of man attempting to buy back company in to his own private ownership?

What an idiot...

That share is oddly resiliant,  whenever it loses 15-25% it will get in back within a few months.  It has done for quite a while.  

He comes across as someone clever enough to have something up his sleeve that will come out next week.  Not sure what but that is the trend with this company.  Loads of support long term for a loss making company that threatened to go private also.  It's odd.

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18 hours ago, chrisp65 said:

Tesla shares drop 10% due to antics of man attempting to buy back company in to his own private ownership?

What an idiot...

If he's going around calling somebody a child rapist on the basis of no evidence whatsoever, simply to reduce the share price of the company for him to buy it back then that might well make him the most despicable person in the whole western hemisphere. 

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  • 2 weeks later...

More potentially bad news for Elon Musk as he's apparently been charged with fraud by US regulators 

Quote

Updated at 4:59 p.m. ET

The U.S. Securities and Exchange Commission is suing Tesla CEO Elon Musk for securities fraud a month after he announced that he planned to take the publicly traded electric-car company private.

"Musk's false and misleading public statements and omissions caused significant confusion and disruption in the market for Tesla's stock and resulting harm to investors," the lawsuit says.

On Aug. 7, Musk boasted on Twitter that funding for the switch was "secured."

Those eight words were enough to send the stock soaring — up by nearly 11 percent by the end of the day.

As NPR's Sasha Ingber reported:

"Musk said [later] his tweet was prompted by Saudi Arabia's sovereign wealth fund, which brought up the possibility of taking the company private. Tesla later admitted that it did not have the funding for the deal, and less than three weeks after his tweet, Musk walked back the prospect of going private.

"Short-sellers who had anticipated that Tesla's stock would fall said Musk's tweet was meant to manipulate the shares, according to the Associated Press."

 

Tesla stock was down nearly 10 percent in after-hours trading.

https://www.npr.org/2018/09/27/652315858/sec-sues-tesla-ceo-elon-musk?t=1538082817232

At least he got to do acid with Grimes and Azealia Banks before popping this idea :)

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1 hour ago, LakotaDakota said:

think that is more than "potentially bad news"

He / Tesla are well & truly f**ked.

He won't be missed as actual motor companies who know how to mass produce vehicles will render musks unfulfilled fantasy entirely pointless anyway. This just speeds things up a bit.

Those other motor companies only exist because various governments decided they should exist... most explicitly related to his direct competitors in the USA. 

Yup, he can be a bit of an ass, but he deserves way more credit than he's getting these days.

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ELON MUSKOUT AS TESLA CHAIRMAN AFTER SEC SETTLEMENT... Will Remain CEO

 

Elon Musk Out as Tesla Chairman After SEC Settlement, Remains CEO

Elon Musk is getting a job title change ... because he'll no longer be a Tesla chairman after reaching a settlement with the SEC.

The Securities and Exchange Commission has settled with Musk after hitting him with a lawsuit this week for misleading investors after he tweeted in August ... "Am considering taking Tesla private at $420. Funding secured." 

According to the legal docs ... Musk will have to pay a civil penalty of $20 million as part of the settlement and give up his role as chairman of the board for at least three years. He has 45 days to relinquish his chairman title.

Tesla will also pay a $20 mil fine and appoint 2 new independent directors to the board. However, Musk will remain CEO of Tesla.

As we reported ... the SEC alleged Musk's tweets caused significant confusion and disruption in the market for Tesla's stock, and ended up hurting investors' wallets. It also wanted to "prohibit him from acting as an officer or director" of any public company.

In losing his chairman role, it looks like the SEC will get part of its wish. It should be noted the settlement is still subject to court approval.

http://www.tmz.com/2018/09/29/elon-musk-tesla-out-as-chairman-remain-ceo-sec-settlement/

Could have been a lot worse no doubt.

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He's just a very weird individual, thoroughly unimpressive to listen as well, literally cannot articulate his ideas in an in depth and engaging way when speaking. He's also clearly a massive prick, so can't say I feel sorry for him or his brand.

Edited by Dr_Pangloss
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