Elon Musk in hot water again.

The place to discuss everything else..
Post Reply
Col Lamb
Posts: 9323
Joined: Fri Oct 30, 2015 8:38 pm
Location: Lancashire

Post by Col Lamb »

Apparently his comments about taking Tesla private caused the pyrahs in the Stock Markets who Short Sell shares to not make much cash.

They are suing him for millions.

https://www.bbc.co.uk/news/business-45155268

Go Elon.
Col
Macan Turbo
Air, 20” wheels, ACC, Pano, SurCam, 14w, LEDs, PS+, Int Light Pack, Heated seats and Steering, spare wheel, SC, Privacy glass, PDK gear, SD mirrors, Met Black, rear airbags

User avatar
VanB
Posts: 3730
Joined: Wed Sep 21, 2016 6:58 pm

Post by VanB »

Serves them right!
Current - 991.2 GTS C4 GT Silver
Previous: Macan GTS Night Blue
Previous: 981 Cayman S Agate
Dandock
Posts: 4096
Joined: Sat Jun 06, 2015 7:29 pm

Post by Dandock »

His arrogant spitefulness in trying to stuff the short sellers could be really a big issue this time.
VG Petrol S http://www.porsche-code.com/PHIVCQU7           And a GT3 RS... by Lego! Not crash-tested! 😀
User avatar
goron59
Posts: 5788
Joined: Sun Aug 09, 2015 10:15 am

Post by goron59 »

Well, manipulating the market (deliberately moving a stock price by making unofficial statements like he did)) is illegal. I’m surprised he’s not under investigation but the SEC. perhaps he is.
Used to have 2016 Macan Turbo PHCKCL70
Previously a 2014 Macan Turbo.
Now a 2021 Tesla Model 3 LR
Dandock
Posts: 4096
Joined: Sat Jun 06, 2015 7:29 pm

Post by Dandock »

The SEC have certainly asked the question as have Tesla’s board but as of close of business Friday no details had been presented by Musk.
VG Petrol S http://www.porsche-code.com/PHIVCQU7           And a GT3 RS... by Lego! Not crash-tested! 😀
Col Lamb
Posts: 9323
Joined: Fri Oct 30, 2015 8:38 pm
Location: Lancashire

Post by Col Lamb »

How can he be manipulating?

He is a very long way from having a controlling interest as it is.
Col
Macan Turbo
Air, 20” wheels, ACC, Pano, SurCam, 14w, LEDs, PS+, Int Light Pack, Heated seats and Steering, spare wheel, SC, Privacy glass, PDK gear, SD mirrors, Met Black, rear airbags
User avatar
VanB
Posts: 3730
Joined: Wed Sep 21, 2016 6:58 pm

Post by VanB »

His behaviour is most certainly against the rules but the piranhas that actively short companies in the hope of getting rich deserve everything they get IMO


Sent from my iPhone using Tapatalk
Current - 991.2 GTS C4 GT Silver
Previous: Macan GTS Night Blue
Previous: 981 Cayman S Agate
User avatar
Paul
Posts: 8603
Joined: Fri Sep 05, 2014 6:19 pm
Location: Bristol
Contact:

Post by Paul »

VanB wrote: Sun Aug 12, 2018 2:07 pm His behaviour is most certainly against the rules but the piranhas that actively short companies in the hope of getting rich deserve everything they get IMO


Sent from my iPhone using Tapatalk
+1
1st Sapphire SD
2nd Sapphire GTS
viewtopic.php?f=23&t=4296
Current 992 S Cab
viewtopic.php?f=23&t=9845&p=196465#p196465
Dandock
Posts: 4096
Joined: Sat Jun 06, 2015 7:29 pm

Post by Dandock »

Retribution aside he’s more concerned with escaping the reportage and accountability that have increasingly dogged Tesla and in particular his imaginative targets.
VG Petrol S http://www.porsche-code.com/PHIVCQU7           And a GT3 RS... by Lego! Not crash-tested! 😀
Ferdie
Posts: 1334
Joined: Fri Mar 11, 2016 2:23 pm
Location: South Wales

Post by Ferdie »

goron59 wrote: Sat Aug 11, 2018 6:15 pm Well, manipulating the market (deliberately moving a stock price by making unofficial statements like he did)) is illegal. I’m surprised he’s not under investigation but the SEC. perhaps he is.
Perhaps he's making a bid for President of the US of A anything goes in that role.. :?
991.1 C2 - Black Edition
(Prior) Macan SD - Night Blue
Fordson Dexta - 1960
Post Reply

  • Similar Topics
    Replies
    Views
    Last post