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Forward Looking Statements are a boilerplate disclaimer that publicly traded companies typically include anytime they talk about anything other than historical
by 300bps 12y ago
Forward Looking Statements are a boilerplate disclaimer that publicly traded companies typically include anytime they talk about anything other than historical fact. If they don't include them and their plans change, they are at serious risk of being sued by their shareholders.
See http://en.wikipedia.org/wiki/Forward-looking_statement http://en.wikipedia.org/wiki/Forward-looking_statement
- kbenson 12y agoI assumed as much (the SEC statement in it makes it fairly obvious). I almost threw in a few sentences about how I think if this is because the SEC, it's a very good side effect of informing investors. I think the effect a statement like this has on normal people reading is to allow the original article to inform and excite while also containing expectations. It can dampen the more excitable of the populace, as well as those who like to set them off. In all, regardless of why the statement is there, I think the fact that it is present is a good thing. I wasn't exactly assigning credit to Elon for it (the swipe at critics may have made it seem so), just talking in generalities.