Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
When the head of a company starts giving out false information, to build the value of their stock, it is in violation of laws on Publicly owned companies. Usually done, when the head of the company sees a problem in the future which will drive down the value of stock, and they issue false statements to boost the company value. Kind of like was done in the article.
This can cause enough problems to put a company clear out of business, as the stock falls considerably in price. Lowers their availability of credit which they all rely on to operate.
If company is not in trouble of some kind, why was the head of Tesla making such a statement as he did. In fact it has been done in company after company over the years, to keep them from having a rush on their stock and driving value down, down, and going under.
One has to wonder what the true financial condition of Tesla is.
Part of it is Elon’s pure arrogance. He doesn’t like when people short the stock and he takes it very personal. He’s been promising and threatening a “short burn of the century” all summer and low and behold tweets out some bombshell very specific information that drove the stock price to record highs overnight before finally crashing after reality set in.
In other word’s if Tesla’s true financials are in trouble Elon’s recent behavior alone isn’t necessarily an indicator, as it’s most likely just a childish tantrum that horribly backfired.
At least Elon hopes a judge sees it that way anyway. Otherwise getting caught actually manipulating one’s own stock price stock right after buying millions of dollars of that same stock can get you a trip to the clink.
Are you saying it might be a crime for a leader to say stupid and incorrect things on Twitter that may impact the financial well being of the organization he is in charge of?
Are you saying it might be a crime for a leader to say stupid and incorrect things on Twitter that may impact the financial well being of the organization he is in charge of?
For the CEO of a company to makes specific miss statements with the intent to purposely deceive with misinformation, and disinformation is unethical, and illegal depending on the information released. Elon Musk seems to be trying to inflate the stock this way. Your thinly veiled shot at Trump has absolutely no relation to this issue whatsoever.
No one wants to they have way to much debt and none of the big 3 automakers want it because there’s no profit in the EV yet their bread and butter is pickups and SUVs and CUV’s. Tesla is sold to a nitch market we’re as the big3 everyone.
For the CEO of a company to makes specific miss statements with the intent to purposely deceive with misinformation, and disinformation is unethical, and illegal depending on the information released. Elon Musk seems to be trying to inflate the stock this way. Your thinly veiled shot at Trump has absolutely no relation to this issue whatsoever.
Most unbiased probably think Musk wasn't intending to deceive. And I'd bet the SEC agrees. Why do you take a take a bet on the other side if that's what you believe?
No one wants to they have way to much debt and none of the big 3 automakers want it because there’s no profit in the EV yet their bread and butter is pickups and SUVs and CUV’s. Tesla is sold to a nitch market we’re as the big3 everyone.
Looks at easy62's location... Bob Lutz, is that you?
Nope i just live in the Mororcity and a former Chrysler worker and UAW member. Just stating facts why would a major automotive manufacturer want to take on so much debt and a product that doesn’t sell enough to turn a profit and only sells in a certain part of the country. A automaker sells all over the world in cold and warm climates, their money nowadays is in big pickups and large SUVs and CUV’s not sedans. Face it gas is still pretty cheap and today’s large SUVs and pickups get decent mpg compared to the last time when gas was almost $5 a gallon. And don’t even bring up Norway they are heavy subsidie by their government take away that then see how many sell. How about federal subsidies for all vehicles electric or gasoline we’re is the fairness there. Let the EV drivers pay their fair share of the highway taxes we have to pay at the pump, start charging a tax on charging stations also.
It's like buying a building slated for demolition - it will be a lot cheaper, and available piecemeal, after the fall. The valuable tech and the parts of the infrastructure that actually work will be picked up, and the ill-thought, ill-managed junk will end up in the scrapyard.
Quote:
Originally Posted by easy62
Tesla is sold to a nitch market we’re as the big3 everyone.
Heh heh heh. I'm sure you meant a neesh market. (Sorry, thread cross.)
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
