Tesla Model 3

[JSH]

Originally Posted by RedDevil

Put like that the SEC agreement itself violates the law.

How?

[samwichse]

Originally Posted by JSH

How?

He's probably making a prior restraint argument?

[JSH]

Originally Posted by samwichse

He's probably making a prior restraint argument?

Three problems with that argument.

1. The SEC is not trying to prevent Musk from making public statements. They have required his statements about Tesla to be checked for accuracy before publication.
2. Musk and Tesla agreed to the arrangement to settle a criminal case.
3. No CEO of a publicly traded company is allowed to make false statements about their company. This type of speech is already restricted.

Musk got off with a slap on the hand the last time. He would be wise to stop poking the bear. I suspect the SECs next move is to bar him from holding an executive position in a publicity traded company.

[redpoint5]

It's here!

$35k standard range Tesla.

We are incredibly excited to announce that the standard Model 3, with 220 miles of range, a top speed of 130mph and 0-60mph acceleration of 5.6 seconds is now available at $35,000! Although lower in cost, it is built to achieve the same perfect 5-star safety rating as the longer-ranged version, which has the lowest probability of injury of any car ever tested by the U.S. Government.

In addition, we are introducing the Model 3 Standard Range Plus, which offers 240 miles of range, a top speed of 140mph, 0-60mph acceleration of just 5.3 seconds and most premium interior features at $37,000 before incentives. For 6% more money, you get 9% more range, more power, and an upgraded interior.

To achieve these prices while remaining financially sustainable, Tesla is shifting sales worldwide to online only.

https://insideevs.com/tesla-base-model-3-price/

... just as I had let the naysayers convince me it wouldn't happen.

Will be interesting to see what happens with Bolt and Leaf sales/pricing now.

[ldjessee00]

Yes, and that they lowered the prices for several options/features.

Going to be interesting.

[freebeard]

I'm hoping Arcimoto follows them down-market fairly soon.

[roflwaffle]

Originally Posted by JSH

From the SEC settlement:

Within 90 days of the filing of the settlement documents, Tesla will:

Further enhance controls with respect to Elon’s public communications regarding Tesla and to pre-approve any such written communications that
contain, or reasonably could contain, information material to Tesla or its stockholders.

Employ or designate from among its existing personnel an experienced securities lawyer, subject to approval by the Staff, to advise on securities
issues relating to Tesla and to ensure compliance with Tesla’s disclosure policy


Pretty clear. The tweet contained information material to Tesla. It had to be pre-approved.

I think the information he's disseminating needs to be novel to be material. If he's just restating something from the earnings call or quarterly update letter, then that's not material info. For example...

https://twitter.com/elonmusk/status/1100646870601220098

[Xist]

Was the announcement of a $35,000 Tesla based on a Musk tweet?

[samwichse]

Originally Posted by Xist

Was the announcement of a $35,000 Tesla based on a Musk tweet?

He teased that a big announcement was coming Thurs at 2:00 pm in advance.

[RedDevil]

Even if he had tweeted the $35,000 Model 3 was coming, he'd say nothing new.
https://ecomodder.com/forum/showthre...tml#post580692
He just kept word.