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Elon Musk Considering Taking Tesla Private at Stock Price of $420
- moeadham 8y agoWell, thats an easy way to get a 5% stock price increase. That tweet was 9 words, and increased TSLA's market cap by $2.55 Billion dollars. Or $283 million per word.
- deleted 8y ago[deleted]
- minimaxir 8y agoThis has to violate some SEC rule.
- fjsolwmv 8y agoMichael Dell actual did buy Dell, and got in major legal trouble for it. It's an amazing story. HN discovered it. https://www.bloomberg.com/view/articles/2016-06-01/michael-dell-bought-his-company-too-cheaply https://www.bloomberg.com/view/articles/2016-06-01/michael-d...
- baybal2 8y agoA very bizarre logic did that judge follow. If cars were American companies: 1. You come to a car auction and sell your car for 10$ 2. The buyer of your car sells it for 13$ tomorrow 3. A guy who was selling another car for 12$ sues you for selling your car cheaper than his, and somehow wins
- css 8y agoSome verified account pretending to be Elon posted spam in the thread. How is that allowed?
- minimaxir 8y agoIt's been that way for months: https://www.buzzfeednews.com/article/ryanmac/scammers-are-impersonating-elon-musk-and-donald-trump-steal https://www.buzzfeednews.com/article/ryanmac/scammers-are-im... Twitter recently tried to fix it by locking nonverified accounts which change their name to Elon Musk (https://www.theverge.com/2018/7/24/17610348/twitter-elon-musk-display-name-change-lock-account-crypto-scams https://www.theverge.com/2018/7/24/17610348/twitter-elon-mus...). Now scammers just hack verified accounts to do it.
- fjsolwmv 8y agoIs Musk the only celebrity this happens to?
- minimaxir 8y agoIt also happens to Trump.
- MrStonedOne 8y agoIt seems like they could fix this by removing or graying out verified status when they change names.
- Altaer 8y agoI am under the impression that this is now the case
- css 8y agoThis article is talking about unverified impostor accounts. This thread had _verified_ accounts that changed their name which is even more insidious.
- palerm 8y agoAre these kind of tweets even legal?
- gnulinux 8y agoI wonder the same, Musk has done this before, by claiming Tesla has filed bankruptcy, last April 1st. Source: https://www.bloomberg.com/news/articles/2018-04-01/elon-musk-sends-april-fools-tweets-joking-of-tesla-bankruptcy https://www.bloomberg.com/news/articles/2018-04-01/elon-musk...
- shdh 8y agoHe was high on THC when he made the comment
- deleted 8y ago[deleted]
- berbec 8y agoBusiness insider article: https://www.businessinsider.com/elon-musk-says-may-take-tesla-private-2018-8 https://www.businessinsider.com/elon-musk-says-may-take-tesl... Outline.com in case there is a paywall: https://outline.com/R6XSyV https://outline.com/R6XSyV
- OscarCunningham 8y agoThe reason this tweet is (probably) legal is that (a) it doesn't financially benefit Musk and (b) if he actually is considering this then it doesn't "artificially" affect the price. Even deliberate stock manipulation can be legal if not done for profit: https://en.wikipedia.org/wiki/Sarah_Meyohas#Stock_Performance https://en.wikipedia.org/wiki/Sarah_Meyohas#Stock_Performanc....
- abduhl 8y agoMusk's entire compensation package is tied directly to stock performance targets in the form of market value. Saying that the stock price does not financially impact (positive or negative) Musk is flat out incorrect.
- OscarCunningham 8y agoUh. That does seem bad.
- Markoff 8y ago420 enough said, seem some people are lacking sense of humor
- ksherlock 8y agotrading halted.