4 ms·
Nope, he never said so. He used the word "considering" - to interpret that to mean it's a done deal is stupid, and all the risk you take is your own.
by ebiggs 8y ago
Nope, he never said so. He used the word "considering" - to interpret that to mean it's a done deal is stupid, and all the risk you take is your own.
- Jefro118 8y agoHe also said, "funding secured at $420 a share", which wasn't true.
- dforrestwilson 8y ago^ Jefro118 is correct. This is the a significant phrase in financial and regulatory circles.
- pbreit 8y agoHow about on Twitter?
- dforrestwilson 8y agoIt’s irrelevant where it is said so long as it is said publicly. Edit: This is the same reason Elon is now being sued for "Twibel". You cannot say state lies publicly without legal repercussions. "Funding secured" is classified as material non-public information. I used to work in finance and regulatory compliance.
- pbreit 8y agoI'm guessing there is a HUGE difference between, say, Twitter, and a regulatory filing.
- GW150914 8y agoThere’s no requirement that he lie that way in a regulatory filing, previous posters are trying to explain to you that it’s enough to make the claim publically. Lying in a filing would be a different crime.
- collinmanderson 8y agoTesla regulatory filings mention to his twitter account as an official source of news.
- dforrestwilson 8y agoYou would be wrong, but the bigger issue will be claims of stock manipulation rather than Reg FD violation.
- dragonwriter 8y agoEither the Twitter account is a financial venue covered by the regulations at issue, or making the announcement there was illegal independent of its truth. So, either way...