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On the other hand, how is that market-moving given Elon's very public history of stirring the pot? You expect this from him.
by zebraflask 8y ago
On the other hand, how is that market-moving given Elon's very public history of stirring the pot? You expect this from him.
- michaelt 8y agoI think for most crimes, saying "But I have a well known history of doing this" would make prosecutors less lenient, not more.
- zebraflask 8y agoThe legality is above my pay grade and will have to be deferred to the experts. Just from an economic line of thought, even a cursory look at Tesla and Elon's history of public statements would make a reasonable investor think "Gee, the CEO talks a lot. Maybe don't read too much into it."
- mcguire 8y agoOn the other hand, unreasonable fans will listen and will move the stock, so a reasonable investor might want to pay attention.
- jrumbut 8y agoThe entire point of this law is so you can get accurate information to decide on your investments. Otherwise you (the investing public) are going to say "well he could have a great factory, or he could be spouting off again, guess I'll keep the money under the mattress." It would make it very hard to raise money to do big things.
- zebraflask 8y agoHave a good point, I didn't consider it that way.
- detaro 8y agoNo, you expect that a top representative of a publicly traded company obeys the law on official company channels. E.g. if your job is to trade on Tesla based on newly announced information, ignoring facts from such a message might very well get you in financial trouble if it turns out you shouldn't have ignored it and your clients loose money because of that.