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The 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
by zebraflask 8y ago
The 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.