Tesla going privet , then going under.

[freebeard]

People are pulling out of the market because Elon lies to manipulate shareholders and cost them billions and that has become even more obvious.

I don't have any reason to support Musk, but when flaming him let's at least get it right.

What he's being investigated for is not alleged lying to cost stockholders billions.

What he's being investigated for is alleged lying to cost stock traders - possibly stock manipulators, billions. Stock traders and hypothetical manipulators who DIDN'T own any stock, BORROWED and SOLD a bunch in the expectation that it would drop, some of whom apparently hired, through cutouts, a bunch of trolls to talk the stock down.

So when he said (unfortunately for him, without cutouts) that they might be going private and the stock shot up, the people who sold the borrowed stock were stuck having to buy some back at a HIGHER price than they sold it for (which is what you risk if you sell a stock short), but the people who actually owned it were just fine.

So the shorts closed out some short positions and took a big loss. Then, since Musk said that in a way that COULD be traced to him, they were able to sue him for the losses and complain to the SEC, getting it to start an investigation. THEN the stock DID start to tank, and the people who owned it DID take a loss.

https://slashdot.org/story/18/09/07/...ring-interview

Weed mixed with tobacco, and whiskey. None of it illegal in California.

It's now obvious that everything Elon tweeted that manipulated the market was a lie.

Meanwhile, in the universe that we live in, there were multiple entities competing to buy Tesla [nytimes.com]. Including, among others, multiple sovereign wealth funds (not just the Saudis), and Volkswagen. The terms however were more painful to Tesla than staying public, including various combinations of loss of control, requirements to build large local production facilities and so forth. It also became clear that the best their advisers could do for allowing retail investors to remain in (which was part of the plan, to minimize the size of the buyout) was an exotic trust structure that would have had a low chance of being approved by regulators.

But naaaaaah - who cares about actual investigative reporting when you can base articles on "Megatrex from the comment section of Ars Technica"? FUD away everyone! It's a lot more fun!

[ibid]

[redpoint5]

I'm listening to the Rogan podcast now (intermittently since it's so long). Elon is a very poor speaker and conveyor of ideas. It seems he has a hard way of articulating abstract ideas, and doesn't spend the time to explain them. He should take some speaking lessons for no other reason than to become more influential. I'm about an hour in, and he seems to barely be loosening up. I tend to be similar in that I'm socially awkward initially, and find a groove after about an hour. Part my difficulty is in letting go of whatever I'm thinking about or stressing over and fully engage in other topics, especially when they seem much less interesting than whatever I was thinking about.

When guys talk about sports, my eyes mostly glaze over. I enjoy watching a game here and there, especially with people very passionate and knowledgeable about the strategy, but I can't see myself investing much time into something that doesn't matter, and which changes every season.

[seifrob]

Should Tesla get into trouble, they could sell license to supercharger network access to other EV makers.
I think that supercharger network is actually their biggest advantage in the EV market. If Musk is ready to sell the electricity to every car that stops by, Tesla will become largest network of charging stations, strategically placed around the U.S.

[oil pan 4]

Musk has a contract with the air force to launch secret payloads in to space.
The air force is now forced to reevaluate the contract.

[freebeard]

Or not, the Slashdot thread again:

Re:Security clearance (Score:5, Informative)
by Rei ( 128717 ) on Friday September 07, 2018 @09:24PM (#57273552)
Sometimes I don't know if you shorts get things wrong through deliberate FUD, or just a really bad game of telephone. Because your (incorrect) initial rumour was "The Air Force is considering revoking Musk's security clearance", but that's apparently already morphed to "has just revoked his security clearance and canceled all contracts". The latter BTW having nothing to do with Musk's security clearance regardless.

But for those who actually care? Even the initial claim was wrong. "Reports that Musk security clearance under review are inaccurate: U.S. Air Force" [reuters.com].

Joe Rogan plies him with alcohol, passes him a blunt (not a joint) and when he tries it, asks him about electro-magnetic bumpers for autonomous cars.

[oil pan 4]

Poison pill

[redpoint5]

Musk is a terrible speaker, and that was a fairly boring interview. The problem is Rogan is a little on the dumb side (ignorant more like it), and Musk doesn't take the time to articulate ideas to common folk like Joe.

EDIT: Came out wrong. I like Rogan interviews since he doesn't have an agenda and is pretty good at prompting the guest to talk about something interesting.

Problem is that Rogan doesn't ask smart science/physics questions because that isn't his strength. Musk has long periods of silence before responding to a prompt, and delivers 1-word responses rather than elaborating.

I'm glad I listened, but it was among the more boring shows I've heard.

[freebeard]

I thought it was fascinating. Like watching a left brain and a right brain talking to each other.

They ranged over Artificial Intelligence, simulations, flying cars vs tunnels. ....and electromagnetic bumper cars!

[NeilBlanchard]

Originally Posted by oil pan 4

Now musk is getting stoned like biblical ***** on live streams. It's like he just doesn't care.

Watch for yourself, and then get back to us.

https://youtu.be/ycPr5-27vSI

They talk about a lot of things.

[freebeard]

Originally Posted by oil pan 4

Now musk is getting stoned like biblical ***** on live streams.

For certain values of '*****'?

I denounce the whisky and tobacco.