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>As it turned out, they never defrauded As it turns out, they did defraud shareholders at least one time: https://www.cnbc.com/2018/09/27/tesla-falls-4percent
by itsoktocry 6y ago
>As it turned out, they never defrauded
As it turns out, they did defraud shareholders at least one time:
https://www.cnbc.com/2018/09/27/tesla-falls-4percent-on-report-elon-musk-sued-by-sec.html https://www.cnbc.com/2018/09/27/tesla-falls-4percent-on-repo...
They are currently being sued in Delaware court for another:
https://www.pv-magazine.com/2020/06/12/catching-up-on-the-elon-musk-tesla-solarcity-acquisition-case/ https://www.pv-magazine.com/2020/06/12/catching-up-on-the-el...
- fakedang 6y agoYes, that's what I meant. They didn't defraud investors early on, and definitely not by overstating their technical specs and capabilities (hmmm.... NKLA), and now when they have reached critical mass (which happened around the time Tesla began trading at $200ish), they have essentially enough power to buy their way through the courts in lawsuits which will barely scratch them. Hence now they often engage in fraudulent activities, just as Facebook did with CA. I used the words "As it turns out, they never defrauded" because at the time Tesla got into the market and began its uptick, investors like Einhorn often criticized them on their technological standing, which turned out to be solid and not based on lies, unlike what those short sellers were saying.