Elon Musk in hot water again.

The place to discuss everything else..
Col Lamb
Posts: 6282
Joined: Fri Oct 30, 2015 8:38 pm
Location: Lancashire

Elon Musk in hot water again.

Post by Col Lamb » Sat Aug 11, 2018 2:58 pm

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, Met Blk, Spyders, Air, ACC, Pano, Garnet, SurCam, 14w, LEDs, PS+, Int Light Pack, Heated seats and Steering, SC, Privacy glass, PDK gear, SD mirrors, Spare Wheel plus a few other goodies.
Prior Macan SD similar spec to Turbo


User avatar
VanB
Posts: 2502
Joined: Wed Sep 21, 2016 6:58 pm

Re: Elon Musk in hot water again.

Post by VanB » Sat Aug 11, 2018 3:04 pm

Serves them right!
Current - 991.2 GTS C4 GT Silver
Previous: Macan GTS Night Blue
Previous: 981 Cayman S Agate


User avatar
Dandock
Posts: 3164
Joined: Sat Jun 06, 2015 7:29 pm

Re: Elon Musk in hot water again.

Post by Dandock » Sat Aug 11, 2018 4:33 pm

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! 😀


goron59
Posts: 5347
Joined: Sun Aug 09, 2015 10:15 am

Re: Elon Musk in hot water again.

Post by goron59 » 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.
2016 Macan Turbo PHCKCL70


User avatar
Dandock
Posts: 3164
Joined: Sat Jun 06, 2015 7:29 pm

Re: Elon Musk in hot water again.

Post by Dandock » Sat Aug 11, 2018 8:24 pm

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: 6282
Joined: Fri Oct 30, 2015 8:38 pm
Location: Lancashire

Re: Elon Musk in hot water again.

Post by Col Lamb » Sun Aug 12, 2018 7:38 am

How can he be manipulating?

He is a very long way from having a controlling interest as it is.
Col
Macan Turbo, Met Blk, Spyders, Air, ACC, Pano, Garnet, SurCam, 14w, LEDs, PS+, Int Light Pack, Heated seats and Steering, SC, Privacy glass, PDK gear, SD mirrors, Spare Wheel plus a few other goodies.
Prior Macan SD similar spec to Turbo


User avatar
VanB
Posts: 2502
Joined: Wed Sep 21, 2016 6:58 pm

Re: Elon Musk in hot water again.

Post by VanB » 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
Current - 991.2 GTS C4 GT Silver
Previous: Macan GTS Night Blue
Previous: 981 Cayman S Agate


User avatar
Paul
Posts: 6690
Joined: Fri Sep 05, 2014 6:19 pm
Location: Bristol
Contact:

Re: Elon Musk in hot water again.

Post by Paul » Sun Aug 12, 2018 2:10 pm

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 Blue SD
viewtopic.php?f=23&t=1986

Current Sapphire GTS
viewtopic.php?f=23&t=4296


User avatar
Dandock
Posts: 3164
Joined: Sat Jun 06, 2015 7:29 pm

Re: Elon Musk in hot water again.

Post by Dandock » Sun Aug 12, 2018 2:47 pm

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! 😀


User avatar
Ferdie
Posts: 1117
Joined: Fri Mar 11, 2016 2:23 pm
Location: Bristol

Re: Elon Musk in hot water again.

Post by Ferdie » Sun Aug 12, 2018 6:04 pm

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
Macan SD - Night Blue


Post Reply

Return to “Off-Topic Chat”