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This begs the question: does Elon Musk seem like the kind of person who isn't willing to fail in public? Whether it's for personality reasons or for the sake o
by newsbinator 8y ago
This begs the question: does Elon Musk seem like the kind of person who isn't willing to fail in public?
Whether it's for personality reasons or for the sake of keeping his other companies well respected, is he unwilling to let the public lose confidence in him and/or his projects?
My guess is he doesn't care that much about our opinions of him, personally and professionally.
He might be picking a fight with the SEC simply because he can.
There's something to be said for having "FU money" and using it, in the near-literal sense.
- newen 8y ago> My guess is he doesn't care that much about our opinions of him, personally and professionally. Hahahaha. Everything about his twitter account says the exact opposite.
- elliekelly 8y agoThere’s no such thing as “FU money” with the SEC though. They can bar him from serving in any fiduciary capacity on behalf of any company under their jurisdiction. For life. Musk is playing with fire.
- berbec 8y agoI argue Bezos has FU money. He's about to lose half+ to his ex, and basically is funding a personal war against the Enquirer. I am sure he will spend them into the ground.
- newsbinator 8y agoI agree that I wouldn't be playing with fire in his position, but I'm not surprised that someone with a track record of unicorns is doing things that nobody else would fathom to do. Either he's very bad at this and getting worse, or he knows something we don't.
- Mirioron 8y agoIn the US. The world's a big place.
- kamaal 8y ago>>They can bar him from serving in any fiduciary capacity on behalf of any company under their jurisdiction. Seems like a nice idea to encourage him to start a car company some where in Germany. Also the fact that over zealous prosecutors go after industrialists won't exactly motivate(more like scare away) people wanting to start companies. Sometimes you must opt not to fight a few contests. The fact that you can win, means a net negative in the larger scheme of things.
- ceejayoz 8y agoIs there any reason to believe Germany's version of the SEC wouldn't have similar issues with this sort of behavior?
- elliekelly 8y agoNot at all. In my experience European financial regulators are significantly less likely to tolerate companies trying to argue technicalities as Musk's team has done in response to the SEC's show cause order. European regulators expect compliance with the spirit of the law while U.S. regulators tend to expect compliance with the black letter law. Certainly pros & cons to both approaches but Musk's behavior certainly wouldn't fly under either regime.
- sangnoir 8y ago> Also the fact that over zealous prosecutors go after industrialists won't exactly motivate(more like scare away) people wanting to start companies. Strange how the invisible hand of the market gets paralyzed when it comes to "job creators". If every industrialist relocates to the Bahamas or Panama but the opportunity for new companies is still there - new people you've never heard of will crop up to start them!
- mhermher 8y agoThe events that will trigger Tesla's collapse all revolve around the solar city acquisition, which was an extremely bad move for Tesla. But it was done to save Musk. He is more important than the company, and he's got the keys.
- anth_anm 8y agoHe's the most shameless self-promoter you'll find, so my guess is he's terrified of failing in public.