Tesla Powerwall

[Been Jammin]

That may be true, but he may end up in jail for securities fraud.

I'm betting that he doesn't end up in jail.

 

[purkey]

the old saying...first one through the wall...

 

[squeak]

I'm betting that he doesn't end up in jail.

The SEC would love to fry someone like him.

 

[SquinkY5786]

The SEC would love to fry someone like him.

The SEC is a government agency. Meaning they would act only if they are prodded to. They could give a damn one way or the other.

 

[squeak]

The SEC is a government agency. Meaning they would act only if they are prodded to. They could give a damn one way or the other.

Have you not been following the news?

 

[SquinkY5786]

Have you not been following the news?

No. Unless you are talking about Musk wanting to go back private

 

[squeak]

No. Unless you are talking about Musk wanting to go back private

Well that’s part of it.

 

[Colorado_Poke]

The SEC is a government agency. Meaning they would act only if they are prodded to. They could give a damn one way or the other.

I can tell you, without hesitation, that you are incorrect in this regard.

 

[SquinkY5786]

I can tell you, without hesitation, that you are incorrect in this regard.

Then it’s all other agencies

 

[squeak]

Then it’s all other agencies

If you announce that you have funding to take it private but you don’t really have the funding, then it’s it’s securities fraud. He’s also being accused of lying on analyst calls. There is at least one lawsuit. If the SEC didn’t act then they wouldn’t be doing their job.

 

[squeak]

https://www.google.com/amp/s/mobile.reuters.com/article/amp/idUSKBN1KV2IQ

https://www.google.com/amp/s/www.th...e-s-what-the-sec-would-need-to-prove-14678013

 

[squeak]

More good news...

https://www.google.com/amp/s/mobile.reuters.com/article/amp/idUSKBN1L21EP

https://www.google.com/amp/s/www.cn...-of-elon-musks-reported-meeting-with-sec.html

 

[squeak]

Uh oh

https://www.cnbc.com/2018/09/27/tesla-falls-4percent-on-report-elon-musk-sued-by-sec.html

 

[davidallen]

Staying long with my residual shares. A Musk exit to a board level position of other role would be interesting.

 

[SquinkY5786]

20 million dollar fine. Hopefully Musk can survive it

 

[squeak]

No longer Chairman.

 

[squeak]

Now he’s taunting the SEC. He has issues.