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I've been following Elon for a very long time, and one of the reason I like him is that he sticks to what he says. So if today Elon says that he respects the ju

I've been following Elon for a very long time, and one of the reason I like him is that he sticks to what he says. So if today Elon says that he respects the justice dept, its very like that he really means it, and he will stick to it. I would not trust Matt Levine on this.

thaumasiotes 8y ago
This... doesn't sound like you've been following him for a very long time. Compare the prior incident -- I'll use a summary from Matt Levine again: > Remember when Tesla Inc. Chief Executive Officer Elon Musk committed securities fraud by falsely claiming on Twitter that he had secured financing to take Tesla private? Remember how Musk and Tesla settled with the Securities and Exchange Commission by agreeing to pay fines and have Tesla lawyers review Musk’s tweets before he sent them out? Remember how Tesla hired a high-powered Washington litigator as its general counsel and Musk’s Twitter babysitter? Remember how Musk then said in a 60 Minutes interview that he and Tesla were absolutely not ever going to comply with the terms of the settlement that they had signed, that he does not respect the SEC, and that no lawyer would ever pre-clear his tweets? But heck, let's see what CBS said about it. Most of this is just quotes from the interview: > His warzone tweeting drew fire when out of the blue in August he tweeted, quote: "Am considering taking Tesla private at $420. Funding secured." The SEC disputed that claim and charged him with securities fraud. The case was settled with Musk agreeing that his "communications relating to the company… including… Twitter" would be overseen by his board. > Lesley Stahl: Have you had any of your tweets censored since the settlement? > Elon Musk: No. > Lesley Stahl: None? Does someone have to read them before they go out? > Elon Musk: No. > Lesley Stahl: So your tweets are not supervised? > Elon Musk: The only tweets that would have to be say reviewed would be if a tweet had a probability of causing a movement in the stock. > Lesley Stahl: But how do they know if it's going to move the market if they're not reading all of them before you send them? > Elon Musk: Well, I guess we might make some mistakes. Who knows? > Lesley Stahl: Are you serious? > Elon Musk: Nobody's perfect. > Lesley Stahl: Look at you. > Elon Musk: I want to be clear. I do not respect the SEC. I do not respect them. ( https://www.cbsnews.com/news/tesla-ceo-elon-musk-the-2018-60-minutes-interview/ https://www.cbsnews.com/news/tesla-ceo-elon-musk-the-2018-60... ) So, he signed a binding legal agreement committing to have his tweets reviewed pre-publication, and immediately did a television interview in which the main messages were (1) that he wasn't complying with the settlement, (2) that he planned never to comply with the settlement, and (3) that he did not respect the SEC. Truly, a man of his word.
- iamcreasy 8y ago
  You are cherry picking a few minutes from an interview that was several hours long. CNBC didn't air the full interview, and the cut at that point of the interview as very misleading. Here is what Elon said in response, "This is a very misleading edit. Please post the full transcript where I complete the sentence." Source:https://twitter.com/elonmusk/status/1072373731039870979 https://twitter.com/elonmusk/status/1072373731039870979 He also said "60 Mins actually had several hours of interview time, which they distilled to 14 mins. Many stories could been told with that time. This was accurate as viewed from an Upper East Side Manhattan dinner party." Source: https://twitter.com/elonmusk/status/1072351502654672897 https://twitter.com/elonmusk/status/1072351502654672897
  - thaumasiotes 8y ago
    > Elon said in response, "This is a very misleading edit. Please post the full transcript where I complete the sentence." To be totally clear, the sentence being referred to is no part of what I mentioned above, and would not appear to be relevant. > You are cherry picking a few minutes from an interview that was several hours long. Was there another part of the interview where he said he would comply? That seems unlikely, given that he still hasn't complied. This isn't "cherry picking" so much as "taking the part that we're talking about, and ignoring the parts that have nothing to do with it".
    - iamcreasy 8y ago
      Elon is referring to the last sentenced your quoted from the interview. Is he going to stick to the settlement? Who knows. Did he break the law by tweeting the figures? No. Why not? Because the information was already public. He said it in recent Tesla earning. Please google for more information.
      - thaumasiotes 8y ago
        > Elon is referring to the last sentenced your quoted from the interview. No, he isn't. The thread you link is discussing this sentence: > I mean that's not realistic, because I am the largest shareholder in the company and a very high percentage of the shareholders support me and the company. So essentially I could just pull for a shareholder vote and get anything I want [provided I could get support for at least a third of the other shareholders]. (The material within [] was apparently not quoted by CBS. This is a fair complaint for Elon Musk to make, but it's not part of anything I quoted, and it doesn't address the settlement, compliance efforts, or the relationship between Musk and the SEC.)

thaumasiotes 8y ago

This... doesn't sound like you've been following him for a very long time. Compare the prior incident -- I'll use a summary from Matt Levine again: > Remember when Tesla Inc. Chief Executive Officer Elon Musk committed securities fraud by falsely claiming on Twitter that he had secured financing to take Tesla private? Remember how Musk and Tesla settled with the Securities and Exchange Commission by agreeing to pay fines and have Tesla lawyers review Musk’s tweets before he sent them out? Remember how Tesla hired a high-powered Washington litigator as its general counsel and Musk’s Twitter babysitter? Remember how Musk then said in a 60 Minutes interview that he and Tesla were absolutely not ever going to comply with the terms of the settlement that they had signed, that he does not respect the SEC, and that no lawyer would ever pre-clear his tweets? But heck, let's see what CBS said about it. Most of this is just quotes from the interview: > His warzone tweeting drew fire when out of the blue in August he tweeted, quote: "Am considering taking Tesla private at $420. Funding secured." The SEC disputed that claim and charged him with securities fraud. The case was settled with Musk agreeing that his "communications relating to the company… including… Twitter" would be overseen by his board. > Lesley Stahl: Have you had any of your tweets censored since the settlement? > Elon Musk: No. > Lesley Stahl: None? Does someone have to read them before they go out? > Elon Musk: No. > Lesley Stahl: So your tweets are not supervised? > Elon Musk: The only tweets that would have to be say reviewed would be if a tweet had a probability of causing a movement in the stock. > Lesley Stahl: But how do they know if it's going to move the market if they're not reading all of them before you send them? > Elon Musk: Well, I guess we might make some mistakes. Who knows? > Lesley Stahl: Are you serious? > Elon Musk: Nobody's perfect. > Lesley Stahl: Look at you. > Elon Musk: I want to be clear. I do not respect the SEC. I do not respect them. ( https://www.cbsnews.com/news/tesla-ceo-elon-musk-the-2018-60-minutes-interview/ https://www.cbsnews.com/news/tesla-ceo-elon-musk-the-2018-60... ) So, he signed a binding legal agreement committing to have his tweets reviewed pre-publication, and immediately did a television interview in which the main messages were (1) that he wasn't complying with the settlement, (2) that he planned never to comply with the settlement, and (3) that he did not respect the SEC. Truly, a man of his word.

iamcreasy 8y ago
You are cherry picking a few minutes from an interview that was several hours long. CNBC didn't air the full interview, and the cut at that point of the interview as very misleading. Here is what Elon said in response, "This is a very misleading edit. Please post the full transcript where I complete the sentence." Source:https://twitter.com/elonmusk/status/1072373731039870979 https://twitter.com/elonmusk/status/1072373731039870979 He also said "60 Mins actually had several hours of interview time, which they distilled to 14 mins. Many stories could been told with that time. This was accurate as viewed from an Upper East Side Manhattan dinner party." Source: https://twitter.com/elonmusk/status/1072351502654672897 https://twitter.com/elonmusk/status/1072351502654672897
- thaumasiotes 8y ago
  > Elon said in response, "This is a very misleading edit. Please post the full transcript where I complete the sentence." To be totally clear, the sentence being referred to is no part of what I mentioned above, and would not appear to be relevant. > You are cherry picking a few minutes from an interview that was several hours long. Was there another part of the interview where he said he would comply? That seems unlikely, given that he still hasn't complied. This isn't "cherry picking" so much as "taking the part that we're talking about, and ignoring the parts that have nothing to do with it".
  - iamcreasy 8y ago
    Elon is referring to the last sentenced your quoted from the interview. Is he going to stick to the settlement? Who knows. Did he break the law by tweeting the figures? No. Why not? Because the information was already public. He said it in recent Tesla earning. Please google for more information.
    - thaumasiotes 8y ago
      > Elon is referring to the last sentenced your quoted from the interview. No, he isn't. The thread you link is discussing this sentence: > I mean that's not realistic, because I am the largest shareholder in the company and a very high percentage of the shareholders support me and the company. So essentially I could just pull for a shareholder vote and get anything I want [provided I could get support for at least a third of the other shareholders]. (The material within [] was apparently not quoted by CBS. This is a fair complaint for Elon Musk to make, but it's not part of anything I quoted, and it doesn't address the settlement, compliance efforts, or the relationship between Musk and the SEC.)