looks like the writers figured out that lawsuits are lame.
another season with elon at the helm is gonna be much more exciting.

I want to watch option price changed monday, if put premiums are affected a lot im def adding

$20m and steps down of a board with no power? That's it? SEC caved just as fast as Musk did, no wonder they didn't sue the company along with him. It's an expensive tweet but if that's all wow given what some of the sell side was expecting here. No question the stock rips on Monday, where it trades after will be interesting since there could be some DOJ overhang but still I wouldn't expect much. Back to fundementals...

Stock def rips monday, no arguing that

Yeah, pretty pathetic that they let him off with no punishment. Getting fined 0.1% of your net worth for blatantly manipulating a $50B stock and costing people billions?

Hopefully DoJ comes through or this sets a pretty pathetic precedent.

I think hoping on the DoJ is an exercise in futility. Crazy that this may pop to above Thursday close on Monday. Hope not but this stock has no bearing on reality.

The bear case remains, weak production/demand and running out of cash soon.

seems like a good short opp coming up

The criminal case against Musk just isn't that strong. (I said this too when people were saying this is fraud). It is more than enough to support an investigation and putting a halt to financing but in terms of convicting Musk, it was never in the cards. But obviously, an investigation and a halt to financing are more than enough to kill Tesla. Musk must have been convinced that he simply can't win (not before TSLA goes under anyway.)

The SEC is actually really reluctant to go to trial on securities fraud cases except in the most clear frauds (almost literally finding an email with someone saying "lie like this to prop up stock price") They've been burned a few times already and they are careful to not test the "fraud on the market" theory too hard.

I don't see how it's possible to be more clear than the stuff outlined in his tweets

HAIL MUSK!

I'm thinking $400 now. Obviously the thing that doesn't make sense is what is going to happen, right?

People have to prove they were actually harmed (bought at high price and then sold at lower) AND prove they made the purchase because of the tweet.

Musk's defense is basically: "The market/people obviously didn't believe me so I didn't cause them any harm."

I have to be extremely clear about something. Just because SEC doesn't like bringing these cases to trial, it doesn't mean they don't have other means of enforcement at their disposal. In practice, SEC's weapons are so potent (shutting down financing, delisting, and so on) the companies/execs generally bend over to cooperate with the SEC.

musk saying in internal email that they are 'very close' to profitability.

so another miss.
after working through most of the high quality m3 backlog, not paying their vendors and and all the 'creative' stuff they, allegedly, did the last few weeks with deliveries.

they will never make money.

It took all of 1 day for him to show he has no intentions of following any governance standards outlined in the deal.


There are stories all over twitter of customers paying the entire purchase price and having their vin removed from their account shortly after.


The accounting around all the inventory movements and these weird kiting like cash moves would be incredibly tough to have any reliable controls around.

PwC issuing a clean controls (404) for 2018 would seem very dubious at best.

This stuff is trivial to prove. It's especially easy for shorts to prove they lost money AND that Elon was malicious because of his tweet history.

How many shorts do you think covered specifically because of the tweet? They probably have a case. If they didn't cover they got nothing.

laying off 9% of workers, cutting capex to the absolute minimum, no construction on any of the 'announced' factories and yet, still losing money.

this 'growth company' is shrinking.

How many shorts do you think covered specifically because of the tweet? They probably have a case. If they didn't cover they got nothing.

And some shorts just might sue Elon yet. All I am saying is this case was never something SEC was interested in taking to trial. They wanted to use it as leverage to get TSLA under control. And they achieved a little bit of that.

Grizy, lots of shorts covered and lots of longs bought


How on earth could u think that would be hard to prove?

i was short 369 and got shook out

https://www.bloomberg.com/news/artic...in-staff-email

“We are very close to achieving profitability and proving the naysayers wrong, but, to be certain, we must execute really well tomorrow (Sunday),” Musk wrote in the email to staff. “If we go all out tomorrow, we will achieve an epic victory beyond all expectations.”

Sounds like he's throwing breadcrumbs at people.

"Come on guys, just a little bit more. We're almost there..."

I mean I hope they do achieve profitability but the dude is a total bull****ter. Can't believe anything he says.

It's amazing they are literally destroying the business to show a .01 Non-GAAP profit for this quarter. Are they going to give everyone the next week off and thus destroy the next quarter? Crazy way to run a business but Elon gonna Elon.

NYT article says SEC is continuing to look at the company's production goals. So does that mean we're not done yet? They gonna sue TSLA again?