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I'm not sure what you are trying to say in relation to my question. I wasn't asking for the benefit that Musk received in relation to his actions like Tweeting
by slg 6y ago
I'm not sure what you are trying to say in relation to my question. I wasn't asking for the benefit that Musk received in relation to his actions like Tweeting about Tesla's stock price, busting unions, etc. That benefit is obvious. I was asking what benefit he received from fighting with regulators about whether he committed those actions, whether they deserved punishment, and whether the regulators have jurisdiction, etc.
Are you just saying that "there is no such thing as bad publicity" and that anytime Musk is in the news is good for the stock price? Because the original point from justapassenger was that "it pays off to fight with [regulators]" and not "it pays off to commit securities fraud".
- an_opabinia 6y ago> what benefit he received from fighting with regulators... whether he committed those actions... and that anytime Musk is in the news is good for the stock price? The direct answer to your question is, since Robinhood users like those n-th order fights, he still got a benefit through the rising Tesla prices those Robinhood users caused. But you're doing the thing where you're trying to make a model or a theory that starts stepping away from the direct mechanisms of action these people have now to affect stock prices. I'm saying that a tweet from the Peloton CEO that just said "regulators are big doodoo heads" - if there are more Robinhood users who buy Peloton at ask than everyone else, and they like this tweet, the price will rise because that's how prices rise. That's why you don't need a lawyer, you don't need the professional advice or the experts, if you're Elon Musk and your goal is to make stock prices rise. What you're really trying to ask is, "When do smart people decide to stop being intellectually honest?" The answer is, as long as the intellectually honest text is longer than a short, simpler, stock-raising tweet with verisimilitude, people will choose short and high in verisimilitude over longer but true.
- slg 6y agoI don't know, your comment seems to be overcomplicating an argument that appears to boil down to "there is no such thing as bad publicity" and we should know that isn't true in terms of stock prices or else they would never go down based off bad news.
- thegrimmest 6y agoI think he's saying that fighting with regulators is good publicity for the people who are interested in buying TSLA shares.