TSLA corporate outlook

EatsShootsandLeafs said:

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.

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evnow said:

EatsShootsandLeafs said:

https://www.cnbc.com/2019/03/07/tesla-lays-off-more-workers-and-cuts-costs-ahead-of-model-y-reveal.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.

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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 ?

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LTLFTcomposite said:

This sounds like good news for Tesla and GM

https://finance.yahoo.com/news/trump-budget-proposes-ending-electric-175636290.html

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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

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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.

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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

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sparky said:

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

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EatsShootsandLeafs said:

Musk announces he's also reversing the recent price cut of autopilot.

https://electrek.co/2019/03/12/tesla-autopilot-prices-back-to-normal-elon-musk/

Why? Because why not.

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GRA said:

EatsShootsandLeafs said:

Musk announces he's also reversing the recent price cut of autopilot.

https://electrek.co/2019/03/12/tesla-autopilot-prices-back-to-normal-elon-musk/

Why? Because why not.

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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:

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According to an internal email sent on Friday from senior vice president Sanjay Shah to department heads at the company, a copy of which was seen by Business Insider, Tesla again sought employee volunteers from across the company to pitch in and deliver cars before the quarter ends this month.

“We need your help to make more progress in volunteer sign ups,” Shah said in the email. “We have to deliver 30,000 more cars in next 15 days.”

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SEC Response to Elon Musk's Response to Contempt Claim

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TABLE OF CONTENTS ...................................................................................................................ii

TABLE OF AUTHORITIES .............................................................................................................iii

I. Musk Violated this Court’s Order by Failing to Seek Pre-Approval of a Tweet Containing Information Material to Tesla and its Shareholders. ...........................................3

• A. The Order Contains a Broad Pre-Approval Standard. .....................................4
  
  B. Tesla’s Production Forecasts Are Material to Tesla and its Shareholders.........................................................................................6
  
  C. Musk’s 7:15 Tweet Was Materially Different from Prior Public Disclosures. ..........................................................................................7

II. Musk Has Not Diligently Attempted to Comply with the Court’s Order. .............................9

III. The Court Has Authority to Enforce its Order and Compel Musk’s Compliance. ................11

• A. Musk Waived His Challenge to the Constitutionality of the Order by Consenting to its Entry. ...................................................................................11
  
  B. The Pre-Approval Requirement Does Not Implicate the First Amendment. ............................................................................................12
  
  C. Authority to Enforce its Order Is Vested with the Court, Not the SEC. ....................................................................................................13

CONCLUSION ..................................................................................................................................14

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In the next 18 months, GM will introduce two new all-electric vehicles based off learnings from the Chevrolet Bolt EV. They will be the first of at least 20 new all-electric vehicles that will launch by 2023.

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based off learnings

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LeftieBiker said:

based off learnings

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Jesus. That's from GM Corporate.

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