Only sued musk personally, have never sued tesla fwiw

It's hilarious how obsessed he is with short-term results. Dude is so weird.

He's a pathological narcissist who sees himself as the hero saving humanity, battling against the evil people who want to keep him down. Most conmen partly believe the lies they set up after a while. The dude is manchild and isn't that mentally well any more.

Amazing how quickly the SEC settled given the strength of the charges they were laying (lifetime ban from all public companies) and the strength of the case (near airtight major securities fraud). My guess is they got some phone calls from people with clout. A couple of federal politicians tweeted how the SEC's action against a "great innovator" was wrong.

Tesla up 15% is an amazing gift to those of us who trade it short term. The circus continues. May even short squeeze for a bit, particularly if Musk pumps with selective new release. He set himself up yesterday to claim fraudulent "profitability". Literally fraudulent as they take full payment then cancel delivery, selling the car on to someone else.

The worst part of the SEC settling to me for the shorts is that it raises the probability that the SEC will cave also on allowing them shelf registration and hence capital raising. If they are willing to cave so quickly on a CEO they have in a noose, are they really likely to let the company go bankrupt because it can't raise?

Musk straight trolling the SEC and the bears

I guess cicak was right and the correct move was to reverse on friday.. i just cant believe SEC settled with him so fast.. It's basically like Elon saw the price drop and had his lawyers draw up the papers.. sick.. kudos to him i guess

Cant believe SEC allowed musk to play them to mess with shorts like this. Friday report of Musk turning down deal, SEC come out strong with press conference trying to ban Musk for life. Stock tanks, market closes for weekend and they swiftly get deal done and price reverses up. That just seem ridiculous.

I'd say the SEC got some calls from influential people.

Insane two days. And friday was a weekly options expiration. the move from $310 to $265 and now back to $310 crushed some folks. Think of all the people who had puts at like 270 or 265 who didn't close and got assigned, now wake up to a short position $50 higher ....Ouch.

Haha forgot about put assignment. That's wipeout territory. $40 move against * 100 $270 puts @ 5c (costing $500), they were up $50K on Friday and they're now $400K in the hole if they didn't close by Friday close.

Who showed you my book

Whew Im glad I sold my October puts on Friday. Still holding onto my long term ones.

If you think about it, the SEC ended up screwing up investors just as bad as Musk did earlier.

Probably even worst tbh.

People expect some level of crazy unpredictable **** from Musk, not as much from the SEC.

The biggest thing i am curious about in q3 is deferred revenue.


If it drops a significant amount they are claiming FSD revenue which they have about 500m of on the books.


Its the most obvious fraudulent but could maybe argue it with weak auditors, and its ~100% to bottom line

Outside of the major stuff i mean. If they show 200m in income i immediately look there.


They put involuntary and voluntary prepayments into deposits to blur that number (avoid transparency in reservations).


By doing that, they clean up the deferred revenue line. Without leasing and new accounting rules mean this number becomes much clearer. Watch % change QoQ.

Triple


It also aligns with how they wanted beta testers for FSD and release version 9. Wanted at least partial recognition.

Quite the committee they have assembled to monitor musk


https://twitter.com/elonmusk/status/...350268928?s=19

8k for leaked email. Thats new


https://www.bamsec.com/filing/156459.../1?cik=1318605

Elon paying $20m/stepping down as chairman to (temporarily?) regain the ~$1.5b in market in value his personal stake lost on Friday, not a bad trade.

Also doesn't admit to any wrongdoing as part of the settlement... SEC blows and I could careless about what happened. I think everyone can agree there.

the ceo honestly believes the entire future of his 50b$ company depends on showing non-gaap earnings of a few cents versus showing a loss of a few cents for one single quarter.

this alone basically tells you everything there is to know.

they are pushing the unconfirmed "80k production number/meeting quota/most ever produced in a quarter/etc." hard through all the news outlets. predictable lol

https://www.cnbc.com/2018/10/01/tesl...port-says.html

I enjoy most your posts but you seem to be going a little overboard here. Its predicted Musk's IQ is >200. Someone of that intellect surely wouldn't be trying to be a conman. Maybe he is just too smart for people like us to understand.

lol

SEC burning shorts is a funny story but it's only the emotional gamblers who got burnt.

The key word is emotional, you could argue this pop & Musk staying CEO is exactly what both sides of the trade want. Leave the emotion out of it, this saga is going to linger on for a long time. Some short term traders have done great playing the range in this thing, outside of that no one is winning. Some of you are missing out on great opportunities wasting your time in this, endless setups out there that don't have all the attention TSLA does (which makes it a tougher medium/LT trade).

Had Musk not accepted this deal there was a real chance this would've tested sub $250 given the action across the market right now especially among momentum/small caps, instead it's holding up reasonably well intraday and no resolution at all. Just back into the middle chopping around.

Not even Musk is arrogant enough to reject less than a slap on the wrist. What's shocking is that the SEC accepted/offered this deal.