UPDATE: SEC Files Suit Against Elon Musk
The SEC has sued Elon Musk personally, alleging fraud. One result could be that Elon is banned from serving as an officer or director of any publicly traded company — including his own.
The SEC has sued Elon Musk personally, alleging fraud. One result could be that Elon is banned from serving as an officer or director of any publicly traded company — including his own.
Tesla short sellers reportedly lost nearly $2 billion at the end of last week. Yes, two billion. If you thought all of the anti-Tesla FUD and media hype was coming from the most honest of places, think again. People don’t like to lose money. They normally like to make money.
The hottest articles on CleanTechnica in the past week are below. Take a bite, chew them up, and share them all around.
Your favorite not on the list? Let us know what it was!
The ongoing onslaught of anti-Tesla articles in the press surely stems from many sources, and yes, some of these are doubtless legitimate journalists who are simply describing the situation as they see it. However, it’s widely believed that much of the mud, especially the (seemingly hourly) articles that focus on financial and stock-market topics, originates with short sellers who stand to gain serious money if TSLA stock falls.
Bullish billionaire Ron Baron sees such potential with Tesla that he expects his investment firm Baron Capital to make an absolute killing on TSLA stock.
Check out the new EVTV video of the Tesla Model 3 battery. Also, Adam Jonas lowers his Tesla share price forecast and Amy Weber says the front wheel of her Tesla wobbles so much, she is afraid to drive the car.
What am I thinking? Calling Tesla a very profitable company? But I think it is secretly a potentially very profitable company. Or not so secretly if you really pay attention to Tesla’s finances.
Vladimir Lenin famously said: “The Capitalists will sell us the rope with which we will hang them.” I think the shorts have done something similar. They have hired the shares from us with which we will bankwupt them.
Maarten just wrote an epic piece on Elon Musk’s apparent decision to drop Wall Street and drop a beat on the world via a more enlightened, independent, inspired, societally beneficial, long-term corporate approach than we are used to seeing — even from Tesla.
In the Q1 2018 earnings call on Wednesday, there was an Elon Musk who clearly was not in the mood to be nice to Wall Street and the financial press.