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Re: TSLA corporate outlook

Posted: Mon Mar 11, 2019 6:58 am
by EatsShootsandLeafs
The news today that Musk is walking back closings and even re-opening some already closed is indicative of massive problems in Tesla's leadership. Some are saying he made the original decision while high on ambien and then woke up with a hangover and realized what he'd done. This is only half tongue in cheek.

Re: TSLA corporate outlook

Posted: Mon Mar 11, 2019 7:52 am
by LTLFTcomposite
EatsShootsandLeafs wrote:The news today that Musk is walking back closings and even re-opening some already closed is indicative of massive problems in Tesla's leadership. Some are saying he made the original decision while high on ambien and then woke up with a hangover and realized what he'd done. This is only half tongue in cheek.
Exactly. How did stores suddenly become a bad idea? Did they not know that there are long term leases in place on many of these storefronts to the tune of > $1B? Is there any discipline or strategy here or are we just wandering from tweet to tweet picking up shiny objects?

Re: TSLA corporate outlook

Posted: Mon Mar 11, 2019 8:32 am
by EVDRIVER
evnow wrote:
EatsShootsandLeafs wrote:https://www.cnbc.com/2019/03/07/tesla-l ... eveal.html

Tesla doesn't know where it will build the Model Y as it rolls out more layoffs and cost cuts

How does the market react? TSLA up today of course!

This Model Y reveal is a pure money grab and desperate effort to renew hype as the company faces a huge operating squeeze. If they take reservations I want to look closely at Musk's face to see if he blushes while he announces that.
LOL - stock price goes up because shorts start covering when the SP is down.

BTW, from Q4 ER Musk said Y will be built in GF1. Its possible they have already started building an assembly line for it.

Full disclosure : I've long on TSLA from 2011. How about you ?

Yep- Short activity is making day traders wealthy. A $300K investment can easily make you $5K every day with almost no effort. Only could a stock go down in a day because of some stickers. LOL

Re: TSLA corporate outlook

Posted: Mon Mar 11, 2019 12:50 pm
by LTLFTcomposite
This sounds like good news for Tesla and GM

https://finance.yahoo.com/news/trump-bu ... 36290.html

Re: TSLA corporate outlook

Posted: Mon Mar 11, 2019 6:07 pm
by GRA
LTLFTcomposite wrote:This sounds like good news for Tesla and GM

https://finance.yahoo.com/news/trump-bu ... 36290.html
It's not going to happen as long as the Democrats control the House. Meanwhile, via ABG:
Tesla's Elon Musk faces deadline to explain himself to a judge in SEC case

Contempt bid over his tweeting lands in federal court today
https://www.autoblog.com/2019/03/11/tes ... weets-sec/
Tesla Chief Executive Elon Musk has until the end of the day on Monday to explain why he should not be held in contempt for recent tweets that U.S. securities regulators say violated a September fraud settlement. . . .

Legal experts have said the SEC could now pursue multiple avenues, including a higher fine, imposing further restrictions on Musk's activities or removing him from Tesla's board or helm.

Tesla published a new communications policy in December for executives as part of the settlement. It called for Tesla's general counsel and a newly designated in-house securities law attorney to pre-approve any written statements about Tesla that could be material.

A disclosure controls committee, made up of board members Brad Buss, Antonio Gracias and James Murdoch, was tasked with overseeing compliance with the new policy.

Re: TSLA corporate outlook

Posted: Mon Mar 11, 2019 7:33 pm
by sparky
UNITED STATES SECURITIES AND EXCHANGE COMMISSION,Plaintiff,vs.ELON MUSK,Defendant.
RESPONSE TO ORDER TO SHOW CAUSE WHY DEFENDANT ELON MUSK SHOULD NOT BE HELD IN CONTEMPT FOR VIOLATING THE COURT’S FINAL JUDGMENT
ARGUMENT................................................................................................................................9
I.Musk Did Not Violate the Order, Much Less Clearly So.................................................9
A.The 7:15 Tweet Was Not Material......................................................................10
B.The SEC Has Not Shown the Tweet Contained, or Reasonably Could Contain, Material Information.................................................................13
II.Musk Diligently Attempted to Comply with the Order in a Reasonable Manner............................................................................................................................16
A.Musk Has Significantly Altered His Communications with the Public as a Result of the Order...........................................................................16
B.Musk’s Actions on February 19 Demonstrated Diligence..................................17
C.The SEC’s Purported Evidence of Lack of Diligence Is Uncompelling......................................................................................................18
III.The SEC’s Interpretation of the Order Raises Significant Constitutional Concerns.........................................................................................................................20
Primarily the defense main arguments are as presented here and elsewhere:
Not material.
He was in compliance with order.
First Amendment.

We'll see what judge thinks.

Re: TSLA corporate outlook

Posted: Tue Mar 12, 2019 3:28 am
by EatsShootsandLeafs
Musk announces he's also reversing the recent price cut of autopilot.

https://electrek.co/2019/03/12/tesla-au ... elon-musk/

Why? Because why not.

Re: TSLA corporate outlook

Posted: Tue Mar 12, 2019 7:02 am
by jlv
sparky wrote:UNITED STATES SECURITIES AND EXCHANGE COMMISSION,Plaintiff,vs.ELON MUSK,Defendant.
RESPONSE TO ORDER TO SHOW CAUSE WHY DEFENDANT ELON MUSK SHOULD NOT BE HELD IN CONTEMPT FOR VIOLATING THE COURT’S FINAL JUDGMENT
I read that. Damn, he's got good lawyers.

Re: TSLA corporate outlook

Posted: Tue Mar 12, 2019 4:54 pm
by GRA
EatsShootsandLeafs wrote:Musk announces he's also reversing the recent price cut of autopilot.

https://electrek.co/2019/03/12/tesla-au ... elon-musk/

Why? Because why not.
Tesla is long overdue for some adult supervision. Entrepreneurs are rarely the ideal people to run a company when it needs to transition to maturity. Keep Elon around for "The vision thing" - we know he's got that. But get someone to run the company who doesn't make major spur of the moment decisions driven primarily by what he dreamt last night or what he sees on the back of his box of cornflakes at breakfast. Sheesh - this is long past the point where "that's just Elon being Elon" is acceptable. :roll:

Re: TSLA corporate outlook

Posted: Mon Mar 18, 2019 1:26 pm
by LTLFTcomposite
When will the stock be going back up?