3 ms·
So apparently, Elon's twitter account is seen as source of official news about Tesla by investors [0]. Given that, it is reasonable for SEC to take this positio
by vinay_ys 8y ago
So apparently, Elon's twitter account is seen as source of official news about Tesla by investors [0]. Given that, it is reasonable for SEC to take this position.
But on a bigger scheme, it is sad to see this happening while "puffery" is legal and the damage it is causing is far bigger than anything elon's tweets have caused. https://www.youtube.com/watch?v=t0CyBv18A5k https://www.youtube.com/watch?v=t0CyBv18A5k
0. This line is in the 2013 8-K filing by Tesla:
"For additional information, please follow Elon Musk’s and Tesla’s Twitter accounts: twitter.com/elonmusk and twitter.com/TeslaMotors "
- dragonwriter 8y agoPuffery is a form of lying to consumers, Musk's problem is with laws around lying to investors. “Capitalism” wasn't named “capitalism” by it's opponents because it protects consumers and leaves capitalists out in the cold.