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Silver Alicorn posted:do you worry that people will break your windows for the hell of it I've had my windows smashed or broken in the process of trying to pry them out of the frame three times in my neighborhood so yeah
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Feb 26, 2019 13:35
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it's just poor unfortunate car owners trying to replace their own broken windows
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Feb 26, 2019 13:43
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Silver Alicorn posted:my car interior is barren and pristine you're a good officer, mandrake
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Feb 26, 2019 14:27
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https://twitter.com/elonmusk/status/1100371207491248128 https://twitter.com/elonmusk/status/1100388364077850626 the lawyer that quit the morning after the after-hours production number tweet was a smart man.
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Feb 26, 2019 14:39
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the sec settlement only allows ol musky to tweet about tesla outside of nasdaq trading hours https://twitter.com/GreatCrashO2018/status/1100401200183287808
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Feb 26, 2019 15:30
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Sagebrush posted:it's a ton of different things Yeah, while Fusion weapons are 'cleaner', it also depends upon detonation height like you say. The lower the detonation, the more contamination gets kicked up. Also, thanks to blast lensing, we generally decided that detonating nuclear weapons at ground level is not as effective as a high level burst.
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Feb 26, 2019 16:18
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this one is great because all three of those things were different ranges
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Feb 26, 2019 16:27
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but it was filed in the quarterly report; whether or not he violated it depends on the exact terminology of the settlement so grab some popcorn for when the court looks at it i guess
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Feb 26, 2019 16:34
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hobbesmaster posted:but it was filed in the quarterly report; whether or not he violated it depends on the exact terminology of the settlement even if he was simply repeating exactly what was in the quarterly report, he violated the settlement order because he didn't get preclearance the SEC just thought to check because "inaccurate statement" followed four hours later by "carefully legally worded corrective statement" made super clear that he wasn't getting the required preclearance also, of course, because he went on 60 minutes to basically declare he wasn't gonna follow it and pissed in the SEC's face, making sure they'd keep a close eye on him to catch him in a violation
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Feb 26, 2019 16:36
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hobbesmaster posted:but it was filed in the quarterly report; whether or not he violated it depends on the exact terminology of the settlement If he tweeted it during trading hours, yes, he did, regardless of him saying it prior.
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Feb 26, 2019 16:36
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I think this one is pretty clear cut, his settlement says he needs to get pre-approval for any written communication, and he did not. Whether that material information was already disseminated isn't the problem at hand, it's that he is clearly out of compliance with his agreement, the whole point of the agreement is that he shouldn't make decisions about statements related to Tesla by himself. As I read it anyway but I'm an idiot
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Feb 26, 2019 16:40
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like the thing is that the sec didn't trust musk to follow the law, because he's a tremendous idiot, so they required him to set up a system that would block him from being an idiot as to musk himself, that system - that he must get lawyer preclearance - is now the law. he didn't get the preclearance, it doesn't matter if the statement was accurate. the settlement literally does not allow him to tweet something that had already been precleared three days ago, unless he gets a new preclearance the judge is going to know this and he's going to get reamed out because he's going to be hauled into court himself so the judge can yell at him and then he's gonna repeat this act and, uh, it won't go over well
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Feb 26, 2019 16:40
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And all he had to do to avoid this was shut his god damned mouth.
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Feb 26, 2019 16:41
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Hoshi posted:I think this one is pretty clear cut, his settlement says he needs to get pre-approval for any written communication, and he did not. Whether that material information was already disseminated isn't the problem at hand, it's that he is clearly out of compliance with his agreement, the whole point of the agreement is that he shouldn't make decisions about statements related to Tesla by himself. nope you're exactly correct, the settlement was designed on the assumption musk was a moron who could not be trusted to make his own decisions. making his own decisions is a violation of the settlement, even if the information was accurate - and we know it's not, because his preclearance lawyer flipped his poo poo and required him to immediately correct it
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Feb 26, 2019 16:41
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is there something with more details than here? https://www.sec.gov/news/press-release/2018-226
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Feb 26, 2019 16:43
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They’re just going to settle again, he’ll pay a big fine but remain in operational control of Tesla. The SEC can’t just let the violation go, but they’re also not in the business of tanking public companies just because the founder is a moron, and too many investors believe that Elon Musk IS Tesla
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Feb 26, 2019 16:46
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hobbesmaster posted:but it was filed in the quarterly report; whether or not he violated it depends on the exact terminology of the settlement the written quarterly report said something like 360k-400k. in the earnings call he bumped that 400k up to 500k and gave a 360-500k range. I wonder if there is actually anything backing up the 500k number or if he just decided to inflate the numbers during the earnings call when the attorneys wouldn't be able to stop him. the speed at which the attorneys pounced on his 500k tweet to correct it makes me think that there isn't any support for the 500k number and they were just hoping that the earnings call statement wouldn't get much attention since it did encompass the actual range.
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Feb 26, 2019 16:47
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evilweasel posted:nope you're exactly correct, the settlement was designed on the assumption musk was a moron who could not be trusted to make his own decisions. making his own decisions is a violation of the settlement, even if the information was accurate - and we know it's not, because his preclearance lawyer flipped his poo poo and required him to immediately correct it Finally the confluence of being in GAAP reporting and reading the law thread paid off!
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Feb 26, 2019 16:51
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He did what all dipshit executives do: he had a good week, then annualized those production numbers as though the whole rest of the year would be like that. That’s how he got to 500k
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Feb 26, 2019 16:52
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hobbesmaster posted:is there something with more details than here? https://www.sec.gov/news/press-release/2018-226 https://www.documentcloud.org/documents/5750673-Musk-Contempt-Motion.html
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Feb 26, 2019 16:52
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 new matt levine piece it might be the case that fining Musk more/putting pressure on the board of directors (but not barring him from holding C-level titles) is the right one, but only in the sense that it keeps this (electric-powered, spontaneously-combusting) comedy bandwagon rollin' Dijkstracula fucked around with this message at 17:00 on Feb 26, 2019 |
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Feb 26, 2019 16:57
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here's the requirement and explicitly laid out process for preapproval (which you'll note generates a paper trail): and here's what Tesla's council said happened:  the process gives 48 hours to publish pre-approved stuff, after which the pre-approval has to be reconfirmed. he tweeted 20 days after earnings. they are 100% boned. the question is largely how harsh the punishment will be, and Elon's current antics aren't exactly helping there.
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Feb 26, 2019 16:59
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Shifty Pony posted:they are 100% boned. yup, glad you found the actual documents. this is going to be good
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Feb 26, 2019 17:03
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DELETE CASCADE posted:He did what all dipshit executives do: he had a good week, then annualized those production numbers as though the whole rest of the year would be like that. That’s how he got to 500k but also, they have never under any circumstances been able to produce 9615 cars a week across any combination of lines, let alone the model 3 on its own. the best achieved to date was nearly 5000, for one week, of which only 14 percent were saleable. there is no reasonable estimate of their production capacity that gets them an annualized 500k vehicles. or 400k. even 360k is stretching credulity at 6923 a week.
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Feb 26, 2019 17:07
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finally went back to look at the original tweets, and really who among us hasn't made this math mistake and tried to cover for it after the fact
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Feb 26, 2019 17:17
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https://twitter.com/carlquintanilla/status/1100420302448791555 that will be a fun day
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Feb 26, 2019 17:30
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evilweasel posted:https://twitter.com/carlquintanilla/status/1100420302448791555 "Because you guys are meanies afraid of the future of cars!"
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Feb 26, 2019 17:31
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even ignoring the tweet, i have no idea how they get away with presenting absolute fantasy to the shareholders without anyone calling them on it. this isn't a case of "we had a good week, let's project from there", it's "take our best ever output, and double it" then report that we'll be shipping that many cars despite the fact that almost none of the vehicles we made during that particular run even worked.
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Feb 26, 2019 17:31
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evilweasel posted:https://twitter.com/carlquintanilla/status/1100420302448791555 its nice that rich people get like two whole weeks to tell the judge that they have a really good reason not to go to jail honest
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Feb 26, 2019 17:34
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Dijkstracula posted:finally went back to look at the original tweets, and really who among us hasn't made this math mistake and tried to cover for it after the fact p dece car shipments
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Feb 26, 2019 17:34
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https://twitter.com/elonmusk/status/1100371207491248128 Problem exists between chair and smartphone, ya dingleberry
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Feb 26, 2019 17:42
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Shame Boy posted:its nice that rich people get like two whole weeks to tell the judge that they have a really good reason not to go to jail honest it’s a civil suit
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Feb 26, 2019 17:44
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hobbesmaster posted:it’s a civil suit contempt can still lead to jail time
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Feb 26, 2019 17:47
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infernal machines posted:even ignoring the tweet, i have no idea how they get away with presenting absolute fantasy to the shareholders without anyone calling them on it. thats uh how this works
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Feb 26, 2019 17:51
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infernal machines posted:even ignoring the tweet, i have no idea how they get away with presenting absolute fantasy to the shareholders without anyone calling them on it. if/when tesla goes bankrupt there's a good chance they get personally sued over it
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Feb 26, 2019 17:53
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evilweasel posted:https://twitter.com/carlquintanilla/status/1100420302448791555 "my personal 9/11" -- musk on 3/11
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Feb 26, 2019 17:55
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i really wonder what the SEC and the judge will want for punishment. even fuckoff huge fines on Musk, Tesla, and the board of directors aren't going to stop him. you'd need that plus a blanket ban on Musk discussing Tesla in any medium outside of official written press releases or something (which he will violate anyway).
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Feb 26, 2019 17:59
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graph posted:thats uh how this works well, yeah, which seems to be why everyone is fine with musk lying year after year, every single year, about the availability/capabilities of autopilot and FSD
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Feb 26, 2019 17:59
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infernal machines posted:well, yeah, which seems to be why everyone is fine with musk lying year after year, every single year, about the availability/capabilities of autopilot and FSD its fine because it validates the opinions of rich people which is the most important thing
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Feb 26, 2019 18:01
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infernal machines posted:well, yeah, which seems to be why everyone is fine with musk lying year after year, every single year, about the availability/capabilities of autopilot and FSD you need losses to have a lawsuit, and his lies have been pumping up the stock price it's when they collapse you've got damages
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Feb 26, 2019 18:02
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