4 ms·

He's a human being who also happens to be the head of a public corporation. We can't expect every single action he takes at every point to be filtered into leg

by blhack 8y ago

He's a human being who also happens to be the head of a public corporation. We can't expect every single action he takes at every point to be filtered into legalese. IMO, if he had said this in an earnings call, or presented it in a way that made it seem "official", then I could get the problem, but it's twitter.

bjl 8y ago
> IMO, if he had said this in an earnings call, or presented it in a way that made it seem "official", then I could get the problem, but it's twitter. TSLA stated five years ago that Musk's twitter is an official source of information regarding the company.
detaro 8y ago
Tesla registered his Twitter account as an official channel for such information. That brings with it expectations and obligations, since investors etc now have to read it to be fully informed, and has similar relevance to e.g. official Tesla press releases. He specifically agreed to have Tesla legal review all such tweets to make sure he doesn't tweet bad information again, and promptly went and ignored that.
- Aeolun 8y ago
  I don’t think the ballpark estimate 0-500k could possibly be interpreted as accurate/reliable (and by extension, bad) information. Except by some particularly whiny people looking for an excuse.
  - detaro 8y ago
    He said "around 500k", not "0-500k". And the SEC isn't filing this because he tweeted "bad" information, but because he violated the settlement where he agreed to have Tesla legal review all such tweets, which he didn't do. That he had to correct the numbers just made it obvious that he might have failed to do so.
empath75 8y ago
According to the company his twitter feed is an official source of information about the company.
- blhack 8y ago
  Where? https://www.google.com/search?rlz=1C1CHBF_enUS791US791&biw=1920&bih=969&ei=Ioh0XPmSD4CT0PEPwZCHuAc&q=site%3Awww.tesla.com+twitter+%2B%22%22%22elonmusk%22%22%22&oq=site%3Awww.tesla.com+twitter+%2B%22%22%22elonmusk%22%22%22&gs_l=psy-ab.3...14343.19919..20515...0.0..0.79.495.7......0....1..gws-wiz.......0i71.CaBEIVRzxiI https://www.google.com/search?rlz=1C1CHBF_enUS791US791&biw=1...
  - gamblor956 8y ago
    In one of their SEC filings. You need to search EDGAR.
    - detaro 8y ago
      from elsewhere in the thread: https://www.sec.gov/Archives/edgar/data/1318605/000119312513427630/d622890d8k.htm https://www.sec.gov/Archives/edgar/data/1318605/000119312513...
- derekp7 8y ago
  So if he created two twitter accounts, ElonMuskCorp and ElonMuskPersonal, would he be in the clear on the 'Personal account?
  - belltaco 8y ago
    Only if he does not reveal any insider info on the personal account. Still needs his corp account tweets pre-vetted coz of previous violation.
supernovae 8y ago
We don't even hold our president liable for what he says on twitter.
- gamblor956 8y ago
  Trump's twitter statements have actually been used in court to strike down several of his executive actions...
  - zaroth 8y ago
    Only in rulings that were later overturned, AFAIK.
    - gamblor956 8y ago
      The rulings I am referring to still stand... Several of the courts hearing DACA cases upheld the law, in at least one instance solely because of Trump's tweets established a racial motivation rather than a policy motivation for terminating the program. The Muslim ban was heavily modified after courts repeatedly struck it down based on Trump's anti-Muslim tweets. The final version was designed to address the issues raised in the original rulings. It is limited to countries like Iran and Syria which are openly hostile to the US, and countries like Yemen and Somalia which have contributed a large portion of the membership of terrorist groups like Al Queada and ISIS. Two of the countries were added to that list Venezuela and North Korea) solely because they aren't Muslim. Persons on this list are feasibly national security concerns, which is just enough of a justification to uphold the travel ban on legal grounds.
- what_ever 8y ago
  Whataboutism.
  - supernovae 8y ago
    username checks out
- 8y ago
gamblor956 8y ago
IMO, if he had said this in an earnings call, or presented it in a way that made it seem "official", then I could get the problem, but it's twitter. As pointed out many times on this thread, Elon had Tesla designate his personal twitter account as an official source of material company information. Ergo, anything he posts to twitter is potentially subject to SEC reporting requirements. If he didn't want that responsibility tied to his private account, he should have had Tesla create him a Tesla_CEO twitter handle that he could post from instead.
rdiddly 8y ago
I actually agree with you somewhat; I'm a bit dismayed that any information at all on Twitter is being taken as worth a damn to any significant degree. It just means the day when I need a Twitter account to get anything done, creeps ever closer. But I feel like nobody else is concerned about that.

by blhack 8y ago

bjl 8y ago

> IMO, if he had said this in an earnings call, or presented it in a way that made it seem "official", then I could get the problem, but it's twitter. TSLA stated five years ago that Musk's twitter is an official source of information regarding the company.

detaro 8y ago

Tesla registered his Twitter account as an official channel for such information. That brings with it expectations and obligations, since investors etc now have to read it to be fully informed, and has similar relevance to e.g. official Tesla press releases. He specifically agreed to have Tesla legal review all such tweets to make sure he doesn't tweet bad information again, and promptly went and ignored that.

Aeolun 8y ago
I don’t think the ballpark estimate 0-500k could possibly be interpreted as accurate/reliable (and by extension, bad) information. Except by some particularly whiny people looking for an excuse.
- detaro 8y ago
  He said "around 500k", not "0-500k". And the SEC isn't filing this because he tweeted "bad" information, but because he violated the settlement where he agreed to have Tesla legal review all such tweets, which he didn't do. That he had to correct the numbers just made it obvious that he might have failed to do so.

empath75 8y ago

According to the company his twitter feed is an official source of information about the company.

blhack 8y ago
Where? https://www.google.com/search?rlz=1C1CHBF_enUS791US791&biw=1920&bih=969&ei=Ioh0XPmSD4CT0PEPwZCHuAc&q=site%3Awww.tesla.com+twitter+%2B%22%22%22elonmusk%22%22%22&oq=site%3Awww.tesla.com+twitter+%2B%22%22%22elonmusk%22%22%22&gs_l=psy-ab.3...14343.19919..20515...0.0..0.79.495.7......0....1..gws-wiz.......0i71.CaBEIVRzxiI https://www.google.com/search?rlz=1C1CHBF_enUS791US791&biw=1...
- gamblor956 8y ago
  In one of their SEC filings. You need to search EDGAR.
  - detaro 8y ago
    from elsewhere in the thread: https://www.sec.gov/Archives/edgar/data/1318605/000119312513427630/d622890d8k.htm https://www.sec.gov/Archives/edgar/data/1318605/000119312513...
derekp7 8y ago
So if he created two twitter accounts, ElonMuskCorp and ElonMuskPersonal, would he be in the clear on the 'Personal account?
- belltaco 8y ago
  Only if he does not reveal any insider info on the personal account. Still needs his corp account tweets pre-vetted coz of previous violation.

supernovae 8y ago

We don't even hold our president liable for what he says on twitter.

gamblor956 8y ago
Trump's twitter statements have actually been used in court to strike down several of his executive actions...
- zaroth 8y ago
  Only in rulings that were later overturned, AFAIK.
  - gamblor956 8y ago
    The rulings I am referring to still stand... Several of the courts hearing DACA cases upheld the law, in at least one instance solely because of Trump's tweets established a racial motivation rather than a policy motivation for terminating the program. The Muslim ban was heavily modified after courts repeatedly struck it down based on Trump's anti-Muslim tweets. The final version was designed to address the issues raised in the original rulings. It is limited to countries like Iran and Syria which are openly hostile to the US, and countries like Yemen and Somalia which have contributed a large portion of the membership of terrorist groups like Al Queada and ISIS. Two of the countries were added to that list Venezuela and North Korea) solely because they aren't Muslim. Persons on this list are feasibly national security concerns, which is just enough of a justification to uphold the travel ban on legal grounds.
what_ever 8y ago
Whataboutism.
- supernovae 8y ago
  username checks out
8y ago

gamblor956 8y ago

IMO, if he had said this in an earnings call, or presented it in a way that made it seem "official", then I could get the problem, but it's twitter. As pointed out many times on this thread, Elon had Tesla designate his personal twitter account as an official source of material company information. Ergo, anything he posts to twitter is potentially subject to SEC reporting requirements. If he didn't want that responsibility tied to his private account, he should have had Tesla create him a Tesla_CEO twitter handle that he could post from instead.

rdiddly 8y ago

I actually agree with you somewhat; I'm a bit dismayed that any information at all on Twitter is being taken as worth a damn to any significant degree. It just means the day when I need a Twitter account to get anything done, creeps ever closer. But I feel like nobody else is concerned about that.