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So you can be in contempt now if you don’t match what analysts are saying? The definition of materiality you provided clears him as the numbers Musk tweeted ar

So you can be in contempt now if you don’t match what analysts are saying? The definition of materiality you provided clears him as the numbers Musk tweeted are in the their quarterly report, so nothing new was learned.

spenczar5 8y ago
> So you can be in contempt now if you don’t match what analysts are saying? "Materiality" is weird, I agree! Matt Levine has a running line that "everything is securities fraud" these days. To be clear, he is in contempt of the court order around materiality. In general, not matching what analysts say isn't contempt of court, of course. > The definition of materiality you provided clears him as the numbers Musk tweeted are in the their quarterly report, so nothing new was learned. I do not agree. The quarterly report says "our goal is to be able to produce 10,000 vehicles per week on a sustained basis. Barring unexpected challenges with Gigafactory Shanghai, we are targeting annualized Model 3 output in excess of 500,000 units sometime between Q4 of 2019 and Q2 of 2020." The tweet said "“Tesla made 0 cars in 2011, but will make around 500k in 2019.” Those are very, very different statements! Musk's tweet indicates dramatically higher production at the end of 2019.