Try being short on the wrong side of his cult when he tweets and moves the market
Tesla CEO Elon Musk is reportedly under SEC investigation over Dogecoin tweets
- Thread starter Butterfly
- Start date
He lives under SEC investigation. I'd imagine it's more retaliatory against him than anything else at this point.
you wut m8?
"tsla to 420, funding secured" and gets away w/a slap on the wrist because he's silicon valley's golden child and his blatant manipulation is somehow on the SEC?
That's a public statement, not a private one. How is that illegal. Had he sent that message to a select few then it would have been manipulation, but if he did in fact secure funding and is stating it publicly then how exactly is he manipulating the stock?
get a fucking clue and read securities laws, dummy
Why don't you explain it to us and show everyone here your vast knowledge on it, dumbass? Securities laws state that any news that affects the price of a security must be released publicly, like in a press release. A tweet is a public form of communication that any person has access to. Even if a person is suspended, blocked, or not even registered on Twitter they can access the tweet not even being logged in no different than a press release. His hyperbole comment on what he thinks the price will go to is just that.get a fucking clue and read securities laws, dummy
Unless someone is just a retard who thinks he is Nostradamus then it is clear he is just stating an opinion. CEOs have made comments on increasing share price and what its potential could be hundreds of times via interviews. So please, state the law and code he violated since you are so knowledgeable of SEC laws.
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I think you're confusing price manipulation with insider trading
I'm not. I was assuming you were saying him tweeting it was the violation. But if what he was tweeting was in fact a true statement, about securing funding, than a tweet is no different than issuing a public statement. Him stating it was going to $420 was his opinion, and CEOs and officers have given their opinion on share price in light of news for forever in interviews.
Elon has been criticizing the SEC publicly for years. It comes as no surprise to me they continually ticky tack him on anything they deem questionable. Had this same statement of funding been released by the company in a press release no one would have batted an eye.
Like I said, instead of guessing with stupid shit and speculation, go to the SEC website and read their securities laws. Maybe you will learn something for once.
I can't disprove something that doesn't exist you fucking moron. You are making the claim the law exist. It is on you to provide the proof not me. If you do not and just continue to make comments that deflect your inability to provide the evidence it just further proves how much of a fucking moron you are.
Elon Musk is a valid spokesperson for his company and made a factual comment on a public forum. If stating a fact on a public forum is a violation of SEC laws then every company or spokesperson to ever release one via press release is in violation of SEC laws.
The real truth here is you're a fucking idiot who jumped into a conversation thinking you were correct yet having no fucking clue what you are talking about. Now you can't back up your mentally retarded claim and show the law you are stating he broke, because it doesn't exist. You think everyone else is a retard like you, and that if you just keep saying to find something that doesn't exist it might go away. It doesn't. If you make the claim a law exist the burden to provide evidence of that claim is on you. If you can't provide it, because it doesn't exist, everyone here knows you are just a fucking idiot.