3 ms·

Then Musk with his "Paint it black" Autopilot/FSD video should be in jail for fraud as well. What is the difference here? Both products weren't nowhere near whe

Then Musk with his "Paint it black" Autopilot/FSD video should be in jail for fraud as well. What is the difference here? Both products weren't nowhere near where marketing was trying to show.

jp0d 4y ago
I'm not a fan of Elon Musk, but I think you're oversimplifying things here!
rvz 4y ago
Also "Am considering taking Tesla private at $420. Funding secured." was complete securities fraud and he paid for the charges. So by paying for the charges, he told the SEC he is a fraudster without telling them he is a fraudster.
- coffeeblack 4y ago
  Except he actually did consider it and negotiated with investors. How is it fraught when you investigate a business opportunity? So many salty shorts itt.
  - kgwgk 4y ago
    "Funding secured" it not exactly the same as "will negotiate with investors", is it?
    - coffeeblack 4y ago
      Maybe he did. But a letter of intent isn’t the same as a contract. Yet it warrants the statement “funding secured”.
      - kgwgk 4y ago
        Maybe he did... What we know for sure is that he settled with the SEC and that a court ruled recently that there was nothing concrete and that it was inaccurate to say so. "No reasonable jury could find that Mr. Musk did not act recklessly given his clear knowledge of the discussions." "There had been no discussion about what the purchase price would be for a share of stock. Nor had there been any discussion about what percentage of the company the PIF would own or the total amount of money the PIF would contribute." What we don't know yet is how much damages he will be told to pay. https://www.reuters.com/business/autos-transportation/court-says-musk-recklessly-tweeted-that-funding-secured-taking-tesla-private-2022-05-11/ https://www.reuters.com/business/autos-transportation/court-...
        coffeeblack 4y ago
        “act recklessly”? So what’s fraught about that?
  - rvz 4y ago
    > Except he actually did consider it and negotiated with investors. How is it fraught when you investigate a business opportunity? Even if what said was 'truthful', he would have filed is intentions with the SEC to begin with but didn't. Actions speak louder than words and he still hasn't done anything to take Tesla private after paying for the charges. > So many salty shorts itt. Shorted what? Yeah I shorted NKLA [0], and told everyone to do so in the open and laughed all the way to the bank. [0] https://news.ycombinator.com/item?id=27996773 https://news.ycombinator.com/item?id=27996773

Then Musk with his "Paint it black" Autopilot/FSD video should be in jail for fraud as well. What is the difference here? Both products weren't nowhere near where marketing was trying to show.

jp0d 4y ago

I'm not a fan of Elon Musk, but I think you're oversimplifying things here!

rvz 4y ago

Also "Am considering taking Tesla private at $420. Funding secured." was complete securities fraud and he paid for the charges. So by paying for the charges, he told the SEC he is a fraudster without telling them he is a fraudster.

coffeeblack 4y ago
Except he actually did consider it and negotiated with investors. How is it fraught when you investigate a business opportunity? So many salty shorts itt.
- kgwgk 4y ago
  "Funding secured" it not exactly the same as "will negotiate with investors", is it?
  - coffeeblack 4y ago
    Maybe he did. But a letter of intent isn’t the same as a contract. Yet it warrants the statement “funding secured”.
    - kgwgk 4y ago
      Maybe he did... What we know for sure is that he settled with the SEC and that a court ruled recently that there was nothing concrete and that it was inaccurate to say so. "No reasonable jury could find that Mr. Musk did not act recklessly given his clear knowledge of the discussions." "There had been no discussion about what the purchase price would be for a share of stock. Nor had there been any discussion about what percentage of the company the PIF would own or the total amount of money the PIF would contribute." What we don't know yet is how much damages he will be told to pay. https://www.reuters.com/business/autos-transportation/court-says-musk-recklessly-tweeted-that-funding-secured-taking-tesla-private-2022-05-11/ https://www.reuters.com/business/autos-transportation/court-...
      - coffeeblack 4y ago
        “act recklessly”? So what’s fraught about that?
- rvz 4y ago
  > Except he actually did consider it and negotiated with investors. How is it fraught when you investigate a business opportunity? Even if what said was 'truthful', he would have filed is intentions with the SEC to begin with but didn't. Actions speak louder than words and he still hasn't done anything to take Tesla private after paying for the charges. > So many salty shorts itt. Shorted what? Yeah I shorted NKLA [0], and told everyone to do so in the open and laughed all the way to the bank. [0] https://news.ycombinator.com/item?id=27996773 https://news.ycombinator.com/item?id=27996773