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"We" should, and "we" do, through SEC and other regulators or criminal investigation against the executives. That matter, however, is already settled, for bett
by mehrdada 7y ago
"We" should, and "we" do, through SEC and other regulators or criminal investigation against the executives. That matter, however, is already settled, for better or worse. The suit at hand is on the basis of Tesla, Inc.'s fiduciary duties to its shareholders and it is hard to imagine Tesla did not do well by its shareholders at least taking a ~one-year lens.
- pm_me_ur_fullz 7y agoShareholder litigation isn't regulatory issue, it is totally separate, has different statutes of limitations and has no bearing on what Elon settled with the feds.
- cowsandmilk 7y ago> Tesla, Inc.'s fiduciary duties to its shareholders and it is hard to imagine Tesla did not do well by its shareholders at least taking a ~one-year lens. Tesla's stock went down below 200 in May of 2019, well after the tweet and skyrocketed after that. The long term performance of Tesla stock is not the result of that tweet in August of 2018 and that tweet was not representative of creation of long term value. If Musk hadn't tweeted that day, I would bet long-term performance for Tesla shareholders would have been identical. If Musk actually had funding secured and did take the company private, recent share prices might even indicate that would have been against the long term interests of Tesla shareholders as they were betting on the long-term results of Tesla's investments in manufacturing and would have been deprived of the gains from that bet that they are seeing now.