If incentives made headlines. "SEC bails out Wall Street's short position by destroying company"https://www.nytimes.com/2018/09/27/business/elon-musk-sec-lawsuit-tesla.html#click=https://t.co/IA3eTgKM0l …
Anyone with financial loss due to Elon's tweets should open a case against him for financial compensation. SEC could pay for it. Justice. However SEC potentially destroying both Tesla and SpaceX over a couple Tweets is insane.
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yeah cos small investors really have the resources to sue elon musk ffs
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Strawman "SEC could pay for it"
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right because its really the states business to be pursuing civil claims on behalf of private individuals ffs musk is a lying pos who broke the law, hope he gets sent down. and by the way he is also being sued by his investors as well as many customers who've received lemons
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SEC funding a civil case over "misleading Tweets" makes more sense, than SEC likely destroying a company which only harms investors, while favoring those who are short.https://mobile.twitter.com/SEC_News/status/1045426227610374144 …
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it's elon who has destroyed the company, with his string of broken promises, mismanagement and massive multi year losses. the future will be EV with or without tesla. all the other manufacturers are working on EVs. even tesla could get rid of musk and file chapter 11 to continue
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Sounds like you're talking your incentives. Stock price says the company is alive. The market doesn't have to bow to your world view. (Please stop ranting on my feed)
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Sounds like you're a bagholder and I'm a successful short. Bye
End of conversation
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I'll leave SpaceX alone - what Elon is doing there is spectacular. Tesla, however, is well on its way to financial ruin with or without the tweets. Simply, the automobile business is extremely difficult (low margin, competitive) and he has failed at making it a 'good' business.
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Both Tesla and SpaceX are long shots. Amazing Elon got this far. Investors who backed him deserve to see how their investments play out. SEC stepping in to take Elon down over a couple of Tweets is a travesty.https://mobile.twitter.com/SEC_News/status/1045426227610374144 …
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Tesla has been a public company for almost a decade. How long should investors stick around without a single dollar in profit - or no path to profitability?!
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Investors can buy and sell as they choose this is how a free market works. (Market does not have to conform to your view of the world)
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Of course they can. Not saying they can't. Over the long-term, however, markets are very efficient.
End of conversation
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