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mugtang

Well, Good Bye Tesla

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For a smart guy he's a +++++ing moron. 

His "funding secured" tweet was a cut and dry violation of the Securities Laws. You can't just make shit up like that when you're the CEO of a public company. 

Among other things. I'd hate to be the company counsel right now. 

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1 minute ago, Joe from WY said:

For a smart guy he's a +++++ing moron. 

His "funding secured" tweet was a cut and dry violation of the Securities Laws. You can't just make shit up like that when you're the CEO of a public company. 

Among other things. I'd hate to be the company counsel right now. 

Self inflicted for sure 

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2 minutes ago, UNLV2001 said:

Self inflicted for sure 

I really think he got a God Complex and the power went to his head. 

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Quote

"This calculation resulted in a price of $419, and Musk stated that he rounded the price up to $420 because he had recently learned about the number's significance in marijuana culture and thought his girlfriend 'would find it funny, which admittedly is not a great reason to pick a price.'"

:hookah:

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1 minute ago, Joe from WY said:

I really think he got a God Complex and the power went to his head. 

Could be...........and these days with twitter it's too easy to fire off a comment that can really have repercussions 

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1 minute ago, UNLV2001 said:

Could be...........and these days with twitter it's too easy to fire off a comment that can really have repercussions 

Yeah. I mean, that tweet alone is a blatant violation of Section 10(b) and rule 10b-5 of the 34 Act. God knows what else they were up to. 

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he is, (and has been),  losing his marbles.

 

the Lithium battery factory in Storey County won't close anytime soon.

Panasonic can still use those batteries.

Some car company will eventually buy the Tesla car company.

Prob-  BMW, MB, or Toyota.

 

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7 minutes ago, Lester_in_reno said:

 

Some car company will eventually buy the Tesla car company.

Prob-  BMW, MB, or Toyota.

 

Not at their hyper-inflated valuation they won't. 

This is going to be a spectacular implosion to watch. It's like a publicly traded Delorean. 

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1 hour ago, SpartanGrad said:

You an Ex-IB? Not many people realize that is really what is happening here. 

Not yet. Maybe soon though. I'm studying Securities Law at UF and I just had 2 interviews (one with an I-Bank) today. 

 

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I spoke with an acquaintance about the problems at Tesla.  He said the media reports don't jive with what is happening at the facility.  They are expanding production facilities and recently hired 20 more guys to his construction crew.

The guy I spoke with is a crane operator and not someone in management.  But as far as I know, nobody has been laid off a Tesla.

He also told me Elon is a good guy.  He regularly approaches the workers and asks for feedback.  He is apparently a very good listener and genuinely appreciative of the feedback he gets from the workers.

 

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3 hours ago, Aslowhiteguy said:

I spoke with an acquaintance about the problems at Tesla.  He said the media reports don't jive with what is happening at the facility.  They are expanding production facilities and recently hired 20 more guys to his construction crew.

They haven’t been around for 15 years and are going to outsell Porsche this year. Their success or failure will be dependent on them ever delivering a cheap (<40k) passenger vehicle with decent range.

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6 hours ago, Joe from WY said:

For a smart guy he's a +++++ing moron. 

His "funding secured" tweet was a cut and dry violation of the Securities Laws. You can't just make shit up like that when you're the CEO of a public company. 

Among other things. I'd hate to be the company counsel right now. 

You would definitely earn your paycheck and bonuses.... If there is money for bonus or stock options granted at low point

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My hunch, the end result will be not as bad as what it looks now. Thinking about the Volkswagen situation, as a corporation, they're getting off a lot easier than I thought they would have. Individual executives and employees who couldn't be proved to be part of the Volkswagen fraud scheme, are going to have hell to pay, but in my opinion the corporations getting off pretty good. As for Tesla, it'll be interesting to see what they do do Elon Musk. I haven't followed this closely, but it looks like it was the sole actions of Musk, and nobody else was in on the tweet.

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Good riddance.  From everything I've read about the working conditions and labor practices in his factory, that company needs to take a dirt nap.  And while Musk's antics are probably hastening that day, it was bound to happen sooner rather than later.  Audi is releasing their Tesla Killer (Q6) in the next 12 months, and I'm sure that the other luxury brands will be following close on their heels.  Tesla will be looked at very soon as the Edsel of its day.

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