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Yeah certainly seems as far as that whole thing is concerned no one cares to check / reinforce on the SEC side :) not that we can know for sure tbh. Bit of a su

Yeah certainly seems as far as that whole thing is concerned no one cares to check / reinforce on the SEC side :) not that we can know for sure tbh. Bit of a super grey area all this imho. But like, if you're a potential TSLA investor and you can't be bothered to do two minutes of homework to figure out Musk's communcation "style", i don't know, like, should the SEC protect you? Maybe? Maybe not... And all things considered, there are plenty of CEO's doing worse by their shareholders than Elon so far...

Someone1234 7y ago
So you're saying that Musk, Tesla's CEO, should be able to mislead investors unabated and that "buyer beware" is the solution rather than the SEC doing its job? I don't understand that argument. Ultimately Tesla and Musk agreed with the SEC that his previous conduct was wrong, and that's how we got to this settlement agreement. So to argue now that the SEC is wrong and that Musk's behavior is fine because that's his "style" seems to fly in the face of Tesla's own viewpoint on historical events vis-a-vis misleading tweets.
- awrence 7y ago
  Well a couple things. First as another commenter pointed out i believe correctly, this tweet was sent before that aggreement was finalized so your point is moot technically. But let's assume for the sake of market integrity CEOs shouldn't lie. (doesn't stop politicians from getting elected or prosecuted but i'll leave that aside :). This was not as you seem to claim a lie. This was a forecast which cannot be proven before hand to be false or not. The exact tweet was: TESLA made 0 cars in 2011, but will make around 500k in 2019. Followed by a clarification that same day that he meant an annualized rate of around 500k. You can't factually prove this was wrong the day it was made. As it turns out it seems to me he got damn close and it was totally a legit forecast and not excessively bold but obviously you're welcome to have a different view.

Someone1234 7y ago

So you're saying that Musk, Tesla's CEO, should be able to mislead investors unabated and that "buyer beware" is the solution rather than the SEC doing its job? I don't understand that argument. Ultimately Tesla and Musk agreed with the SEC that his previous conduct was wrong, and that's how we got to this settlement agreement. So to argue now that the SEC is wrong and that Musk's behavior is fine because that's his "style" seems to fly in the face of Tesla's own viewpoint on historical events vis-a-vis misleading tweets.

awrence 7y ago
Well a couple things. First as another commenter pointed out i believe correctly, this tweet was sent before that aggreement was finalized so your point is moot technically. But let's assume for the sake of market integrity CEOs shouldn't lie. (doesn't stop politicians from getting elected or prosecuted but i'll leave that aside :). This was not as you seem to claim a lie. This was a forecast which cannot be proven before hand to be false or not. The exact tweet was: TESLA made 0 cars in 2011, but will make around 500k in 2019. Followed by a clarification that same day that he meant an annualized rate of around 500k. You can't factually prove this was wrong the day it was made. As it turns out it seems to me he got damn close and it was totally a legit forecast and not excessively bold but obviously you're welcome to have a different view.