18A5SB

$40 million plus loss of Board membership for 3 years but retaining CEO is a good settlement. His $420 tweet might have been deliberate to teach the short position holders a lesson - $40 million is a small price to pay. Lest we forget Tesla also gave away several key e-car technologies to MB, BMW etc for free a few years ago.

KCTiger83

How about a tweet dissing the SEC? He again, demonstrates no conception that regulators can rip TSLA a new one:

TSLA: $260.39. -$22.43. Uh, yeah....that's sure "teaching the shorts a lesson". Down $56/share in 3 days.

Tesla shareholders are pissed:

https://www.marketwatch.com/story/th...ing-2018-10-05

18A5SB

Heard that on Bloomberg radio. As I said before Musk is inebriated in his own hubris. SEC nor any other regulatory body can do anything just for insulting them they have to find some other actual violations as a reason. Been there done that!

KCTiger83

The $420/share tweet IS under SEC investigation. What EM doesn't get is that a public statement from a CEO like that can be construed as disclosure of material inside information, which caused "market manipulation".

TSLA -$11.71 to $250.34. Shorts are quivering alright.....

Oh yeah, and tweeting derogatory remarks at the SEC DOES endanger the "settlement" you refer to. That settlement was an offer from the SEC and can be pulled. A federal judge is requesting a written letter from Muskie justifying why the government (SEC) should agree to the settlement. They are investigating fraud, insider stock manipulation and possible falsifying financial documents. That's jail time not a "civil" settlement. Would he hire Dane Butswinka (Williams & Connolly) if this didn't worry him? He flat out lied when asked about financing in place and advisors (said Goldman Sach & Silver Lake were advising TSLA-both firms flat out denied that they have been retained by TSLA).

This from a "biased" nonetheless, astute guy who identified problems with Lehman Bros accounting about 4 months before they walked into NY District Court to file bankruptcy in Sept 2008:

https://www.euronews.com/2018/10/05/...s-einhorn-says

Great companies don't drop 35% in 2 months without fundamental reasons or an overall mkt collapse.

evanseric21

Looks like Musk kept his promise on turning a profit last quarter
https://www.cnn.com/2018/10/24/tech/...usk/index.html