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Feels kind of like he had to purge people that wouldn't go along with embezzlement and fraud like using NASA money at SpaceX to buy his own Solar City bonds as

by cma 6y ago

Feels kind of like he had to purge people that wouldn't go along with embezzlement and fraud like using NASA money at SpaceX to buy his own Solar City bonds as part of a rescue with high conflict of interest or using Tesla to bail out Solar City with a fake demo on the set of Desparate Housewives with non-functional solar shingles.

minhazm 6y ago
Ah yes those 1 million plus cars on the road must also be fake. Those self landing rockets? Clearly CGI.
- cma 6y ago
  >Still, the company does acknowledge that the demos Musk unveiled at Universal Studios were not functional. https://www.fastcompany.com/40422084/inside-steel-pulse-the-mysterious-project-that-became-elon-musks-solar-roof https://www.fastcompany.com/40422084/inside-steel-pulse-the-... > Musk unveiled the Tesla solar roof in 2016 on the set of Desperate Housewives. At the time, he was trying to acquire Solar City, a solar energy company formed by his cousins. Musk was also chairman of Solar City at the time. > The roofs he showed off at the event weren’t fully working, Fast Company later reported, and Musk allegedly had said prototypes of the tiles were a “piece of shit.” https://www.theverge.com/2021/4/26/22404639/elon-musk-tesla-solar-roof-mistakes-cost-price-increase https://www.theverge.com/2021/4/26/22404639/elon-musk-tesla-... >As SpaceX's chairman, CEO, CTO, and majority stockholder, Musk caused SpaceX to purchase $90 million in SolarCity bonds in March 2015, $75 million in June 2015, and another $90 million in March 2016. These bond purchases violated SpaceX's own internal policy, and SolarCity was the only public company in which SpaceX made any investments. https://arstechnica.com/tech-policy/2019/09/solarcity-was-insolvent-when-tesla-paid-2-6-billion-to-buy-it-lawsuit-says https://arstechnica.com/tech-policy/2019/09/solarcity-was-in...
  - fastball 6y ago
    Strange how this "fraud" isn't being pursued by the relevant authorities though, you'd think they'd be all over this... if it was actually fraud. You're short TSLA, we get it.
    - cma 6y ago
      The SEC has bought into his novel legal theory that if enforcement actions could hurt shareholder value (hurting stock price due to targetting the cult of personality that is also propping them up), then they shouldn't be done. I can dig up the tweet where he said this if you want.

by cma 6y ago

minhazm 6y ago

Ah yes those 1 million plus cars on the road must also be fake. Those self landing rockets? Clearly CGI.

cma 6y ago
>Still, the company does acknowledge that the demos Musk unveiled at Universal Studios were not functional. https://www.fastcompany.com/40422084/inside-steel-pulse-the-mysterious-project-that-became-elon-musks-solar-roof https://www.fastcompany.com/40422084/inside-steel-pulse-the-... > Musk unveiled the Tesla solar roof in 2016 on the set of Desperate Housewives. At the time, he was trying to acquire Solar City, a solar energy company formed by his cousins. Musk was also chairman of Solar City at the time. > The roofs he showed off at the event weren’t fully working, Fast Company later reported, and Musk allegedly had said prototypes of the tiles were a “piece of shit.” https://www.theverge.com/2021/4/26/22404639/elon-musk-tesla-solar-roof-mistakes-cost-price-increase https://www.theverge.com/2021/4/26/22404639/elon-musk-tesla-... >As SpaceX's chairman, CEO, CTO, and majority stockholder, Musk caused SpaceX to purchase $90 million in SolarCity bonds in March 2015, $75 million in June 2015, and another $90 million in March 2016. These bond purchases violated SpaceX's own internal policy, and SolarCity was the only public company in which SpaceX made any investments. https://arstechnica.com/tech-policy/2019/09/solarcity-was-insolvent-when-tesla-paid-2-6-billion-to-buy-it-lawsuit-says https://arstechnica.com/tech-policy/2019/09/solarcity-was-in...
- fastball 6y ago
  Strange how this "fraud" isn't being pursued by the relevant authorities though, you'd think they'd be all over this... if it was actually fraud. You're short TSLA, we get it.
  - cma 6y ago
    The SEC has bought into his novel legal theory that if enforcement actions could hurt shareholder value (hurting stock price due to targetting the cult of personality that is also propping them up), then they shouldn't be done. I can dig up the tweet where he said this if you want.