It was probably more an act of stupidity under influence than a premeditated attempt at a short squeeze, but if you're wearing the CEO hat, you have less leeway for stupidity.
Slashdot article is wrong. It's only against Musk, not Tesla [pacermonitor.com]. As longs have been pointing out for ages that it would be, while shorts kept insisting it would be against Tesla. He's also not been charged, he's been sued, in a civil case. "Civil Action No. 1:18-cv-8865"
But come on people, get that price down! I've got dry powder and it's right before the Q3 deliveries numbers;)
This is a very subtle distinction, as Mr. Musk is Tesla for all practical purposes - he's the face, the chief salesman and the chief reality distortion wizard there. Without him, Tesla, Inc. would have folded long ago.
Also, it is quite possible that more charges will be filed. This is likely the first action, not the last. The outpour of executives in the last few weeks virtually guarantees it.
I don't expect you to admit that Mr. Musk's behavior is utterly irresponsible, but that's what it is.
It's always also a sort of strange bewilderment on my part why you seem to think of Iceland as some sort of fictional place where nobody actually lives.
"It's fantasy, like Elves and Eskimos" - Homer Simpson
It was probably more an act of stupidity under influence than a premeditated attempt at a short squeeze, but if you're wearing the CEO hat, you have less leeway for stupidity.
So, fraud charges secured.
Slashdot article is wrong. It's only against Musk, not Tesla [pacermonitor.com]. As longs have been pointing out for ages that it would be, while shorts kept insisting it would be against Tesla. He's also not been charged, he's been sued, in a civil case. "Civil Action No. 1:18-cv-8865"
But come on people, get that price down! I've got dry powder and it's right before the Q3 deliveries numbers ;)
This is a very subtle distinction, as Mr. Musk is Tesla for all practical purposes - he's the face, the chief salesman and the chief reality distortion wizard there. Without him, Tesla, Inc. would have folded long ago.
Also, it is quite possible that more charges will be filed. This is likely the first action, not the last. The outpour of executives in the last few weeks virtually guarantees it.
I don't expect you to admit that Mr. Musk's behavior is utterly irresponsible, but that's what it is.
It's always also a sort of strange bewilderment on my part why you seem to think of Iceland as some sort of fictional place where nobody actually lives.
"It's fantasy, like Elves and Eskimos" - Homer Simpson