Musk simply broke the rules when he falsely claimed to have a buyer. The SEC doesn't have to be in some conspiracy to react very strongly to that kind of public commentary. When he said that the stock price went haywire and some people lost money reacting to it. The SEC exists at least in part to keep companies from blabbing in this way. It was a bad move on Musk's part and the Tesla BOD needed emit some sort of corporate governance to stop it.
That doesn't mean there aren't more closely kept shenanigans going on. The shorting could be what is proposed, or it could simply be people who like shorting as a way to make money using the controversy and volatility of Telsa to try and make money. I also get it that Musk must wish he could raise money without having to submit quarterly guidance about Tesla financial activities. For projects that are very experimental, and where profitability is counter to fully committing to research and development, quarterly guidance ends up being an impediment. It supports ownership by people who are not really committed to the long game. That is what give Musk a rash. Add in sleep deprivation and you get loose lips. SpaceX is in far better situation because it is privately held. SpaceX ownership has a better understanding, and gets their updates up close and personal. SpaceX can say, "leave us alone right now we are busy," whereas Tesla has to follow the rules for publicly traded companies. With the SEC as the watchdog. -Mike On Mon, Aug 19, 2019 at 1:37 PM Mark Abramowitz via EV <[email protected]> wrote: > What evidence of this is there? > > - Mark > -- Michael E. Ross (919) 585-6737 Land (919) 901-2805 Cell and Text (919) 576-0824 <https://www.google.com/voice/b/0?pli=1#phones> Tablet, Google Phone and Text -------------- next part -------------- An HTML attachment was scrubbed... URL: <http://lists.evdl.org/private.cgi/ev-evdl.org/attachments/20190819/07d184e0/attachment.html> _______________________________________________ UNSUBSCRIBE: http://www.evdl.org/help/index.html#usub http://lists.evdl.org/listinfo.cgi/ev-evdl.org Please discuss EV drag racing at NEDRA (http://groups.yahoo.com/group/NEDRA)
