Tesla CEO Elon Musk is reportedly under SEC investigation over Dogecoin tweets

read it again

** July 31, 2018 - In the first meeting in months, lasting 30-45 minutes, the fund’s lead representative told Musk that the fund had recently bought almost five percent of Tesla’s stock, expressed interest in taking Tesla private and confirmed that he was empowered to make investment decisions for the fund.

** August 2 - After the U.S. market closed, Musk sent an email with the subject, “Offer to Take Tesla Private at $420,” to Tesla’s board, chief financial officer, and general counsel.

** Aug. 6 - Musk discussed a potential going-private transaction with a private-equity fund partner with previous experience in such deals. He told the partner that the number of Tesla shareholders needed to execute the transaction would be below 300. At the time, Tesla had over 800 institutional shareholders and many more individual investors, the SEC noted, adding that according to the partner, the transaction structure that Musk was contemplating was “unprecedented.”

** Aug. 7 - Musk tweeted at about 1248 ET, during market hours: “Am considering taking Tesla private at $420. Funding secured.”

As stated prior, I see it as bad judgment. It's clear from his actions he believed the deal was happening which would indicate he was not manipulating. Prospective mergers and deals are announced all the time that push the share price of companies soaring. If the prospective deal is legitimate it is not manipulation.
 
As stated prior, I see it as bad judgment. It's clear from his actions he believed the deal was happening which would indicate he was not manipulating. Prospective mergers and deals are announced all the time that push the share price of companies soaring. If the prospective deal is legitimate it is not manipulation.
I don't see anything about a verbal agreement and neither did the SEC as they proceeded their investigation. Exploratory innuendo doesn't just give CEOs carte blanche to wipe people out in the market
 
I don't see anything about a verbal agreement and neither did the SEC as they proceeded their investigation
You don't have to state something is a verbal agreement. You just state it and it becomes a verbal agreement.
 
You don't have to state something is a verbal agreement. You just state it and it becomes a verbal agreement.
"express interest in taking the company private when it's 130 off 420$" is a far cry from let's agree to take the company private at 420$ share.
 
"express interest in taking the company private when it's 130 off 420$" is a far cry from let's agree to take the company private at 420$ share.
It stated in the article why he wanted the number 420. Anyone who's ever smoked weed knows 420. We used to blow my friends house up on April 20th 4/20 at 4:20pm. We used to specifically time getting high right when the time struck 4:20 am or pm.
 
It stated in the article why he wanted the number 420. Anyone who's ever smoked weed knows 420. We used to blow my friends house up on April 20th 4/20 at 4:20pm. We used to specifically time getting high right when the time struck 4:20 am or pm.
and that's relevant to a make belief verbal agreement how?
 
and that's relevant to a make belief verbal agreement how?
Its make believe to you. The evidence is already clearly demonstrated he believed the deal was happening. You seem to believe he carried on a delusional manipulation scheme for almost a year, and that it included the entire Board of Directors, Chief of Staff, and Corporate structure planner, all in order to pull off a one line tweet. Then the SEC had some solid case against him and let him go with a no contest plea and slap on the wrist fine. Which sounds more delusional to you?
 
I think Elon Musk wanted to prove that he's larger than life human being :) by turning something started out as a joke like the doge coin (1/1000th of a cent), and could be turned into serious money. Dogecoin sent the Jamaican bobsled team to the 2014 Winter Olympics. (the idea is kinda funny (bobsled team from a tropical country).

here's for your reading pleasure on the doge coin story :); one could produce as many doge coins as he/she wants (there's no constraint on the leading zeros imposed on the result of running the SHA algorithm like on the bit coin side. Also, I think doge coin uses different algorithm).
https://foreignpolicy.com/2021/02/11/dogecoin-how-does-it-work-elon-musk-cryptocurrency/
 
read it again
I don't think he can read or understand what he is reading

Elton Musk got away with a few things with the SEC because he has a mental condition (bi-polar if I must guess, see also his Thai bat cave outburst with the silly pedo accusations because he was refused to send his silly submarine to save the kids) and that was justification for his silly outburst on Twitter
 
Its make believe to you. The evidence is already clearly demonstrated he believed the deal was happening. You seem to believe he carried on a delusional manipulation scheme for almost a year, and that it included the entire Board of Directors, Chief of Staff, and Corporate structure planner, all in order to pull off a one line tweet. Then the SEC had some solid case against him and let him go with a no contest plea and slap on the wrist fine. Which sounds more delusional to you?
no. i's make believe because the only time there was a verbal agreement to take the company private at a cost basis of 420$ is in your head.
 
Back
Top