You're a strange kind of delusional person - Tesla has been the media darling for about 15 years. Whatever bullshit went out of Mr. Musk's mouth, the media ran with and glorified to no end. Just look at the zillion positive/. stories about bits of nothing Musk said or promised.
Every bit of legitimate criticism of Musk has been ridiculed, downvoted or ignored for decades.
In an environment of yes-people Musk believed an ego and a loud mouth are equal to genius, and kept making stupid moves until even his staunchest followers become squirmish about.
This is what hit Musk, and it has nothing to do with "shorts" or whatever conspiracy theory you're spinning around them.
"The shorts" cannot "destroy" a company. The stock price swings don't have a large effect on the day-to-day business of a company that is run competently and efficiently. The only people who can literally destroy a company are the people who manage it - because of bad, incompetent decisions.
It depends on what the goals of SEC are, and what is the time frame they want to achieve them in. SEC may want to correct the problem of Musk making random untrue statements first and fast, thus eliminating his impact on the stakeholders, and then proceed with any other actions.
I doubt it very much that the goal of SEC is to destroy an American company, supported by a bunch of institutional investors. But if there is evidence of more serious violations, it may lead to more action, including criminal charges. The exodus of people involved in the finances of the company isn't an indication of health.
what would happen if there were no rules about fraudulent claims
You can probably look at the stock market decades ago to get an idea. Reading stock market history from the perspective of the science of economics is fascinating.
The idea that companies are honest now because they skate on the edges of the rules is laughable.
You misunderstand the motivation for the rules. The general idea is that punishment reduces the incentives to be dishonest, not to eliminate dishonesty altogether. It is less than ideal, but it is better than nothing.
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.
Nuts or no nuts doesn't matter much. Letting people manipulate the stock market with this much bluntness calls for more than a bit of a hand slapping, however.
What about the longs who bought at 375, thinking it's a "dip"? It is 275 now, who knows what it will be tomorrow. Do they deserve protection from the fraudulent claims about "funding secured"?
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.
I can repaint it in any color I like once it cures, and I rarely choose green anyway. Green concrete looks nothing like the real green stuff, ecotards.
Not really. Tesla has a queue of orders for a car they don't produce - the $35k model 3. For the expensive models,k the wait times are due to bad sales logistics and to Tesla producing 84% lemons, which need extensive fixing after production.
The deepfakes that the US intelligence produces have destroyed every faced of many societies across the globe, and the "US lawmakers", that is, the corrupt bunch that orchestrated these didn't even care.
All they care about is losing the monopoly to making deepfakes.
Tesla is on a roll, yeah... Just like China was "on a roll" during the Great Leap Forward. It is rolling alright, straight down the hill and into bankruptcy.
Just like with the older, more expensive models, Tesla shills keep the narrative that Tesla is "demand constrained".
At the same time, we know that production number, after that famous last week in June, is down at around 4k cars a week for "model 3", RAMP-UP or no RAMP-UP. Despite this stubborn fact that production has stalled at this low number, the wait times are, reportedly, decreasing. Not only that, we know that the "buffer" parking lots Tesla has are overflowing with unwanted, dead cars. We know there is almost invisible shipping activity where one would be expecting it to roll 24x7 non-stop due to "PENT-UP DEMAND". We know that service centers are full of newly bought cars waiting for service for manufacturing defects. We know Tesla suppliers are either failing because of unpaid bills, or taking measures to get what they are due in court.
These things together point at only one thing. Tesla will hit large losses again in the next few quarters, that much is obvious, even excluding the write-offs and the warranty service charges.
Given the multitude of complaints about handling the deliveries, one can also expect Tesla's administrative costs will also be up, and, very likely, and as is typical for the company, the increase will be larger than the increase in sales numbers.
Thus, everything included, Tesla will hit the same "record losses" it hits every time.
These expectations are obvious in the way smart money values Tesla bonds. Tesla stock is, despite the 100 dollar fall, not really representative of the desperate situation, because there funds can still control the price while feeding the believers. Once there is enough stock out of control, though, it will fall to almost zero, and stay there until the bankruptcy, when the bond payments hit in January.
There are only three things that are amazing in this sad saga. The reckless irresponsibility of the board of directors, the passive attitude of the authorities on this scam, and the idiocy of the stock holders.
Tesla had one chance to pull through, and it was to replace the loudmouth with a real manager with auto experience years ago, before they spent a fortune building a non-working "automated factory" that they had to write off and rebuild. Oh, and before Musk spent untold billions on bailing out his other fad business instead on making cars.
Too late now, the company has no credibility, no obvious advantage, a mountain of debt, and production numbers that don't indicate it will be able to service it. Those longs who sold at $320 were the lucky ones, Switzerland announcement or no Switzerland announcement.
I don't know about "subtext", but the text is actually saying something a bit different, that is, that the Chinese makers have made smart partnerships that allowed them to win market share, and that includes making the smartphones in India:
In addition to expanding their retail presence in the nation, they have made major investments in local manufacturing and assembly, helping to create new jobs for Indians and opportunities for small and medium businesses... Currently over 95 percent of Xiaomi smartphones sold in India are made in India
Part of it isn't surprising in a general sense, labor costs in China have been rising consistently (https://i.imgur.com/17xTNTc.png). But the part where they rely on local marketing and logistics expertise from nimbler companies is interesting and unique. Definitely not what Apple is doing in China, for example. It is interesting how this will play out when these manufacturers become global brands. The first generation blindly followed the American way of marketing, but the second and the third one may not. And it is kind of beside the point to ask "what about the domestic makers", given the statistic about the % of phones made by a China brand, but in India.
The big takeaway for all failed parties, be that Indian, Taiwanese, Korean or US should be that customer satisfaction is most important, and where it is tied not to the "brand", but to the actual phone features, as it should be in a truly competitive market, those that identify precisely what it means and deliver it, win.
Slashdot Mirror
You're a strange kind of delusional person - Tesla has been the media darling for about 15 years. Whatever bullshit went out of Mr. Musk's mouth, the media ran with and glorified to no end. Just look at the zillion positive /. stories about bits of nothing Musk said or promised.
Every bit of legitimate criticism of Musk has been ridiculed, downvoted or ignored for decades.
In an environment of yes-people Musk believed an ego and a loud mouth are equal to genius, and kept making stupid moves until even his staunchest followers become squirmish about.
This is what hit Musk, and it has nothing to do with "shorts" or whatever conspiracy theory you're spinning around them.
I dunno, seems like TSLA stock spiked after the tweet, so it looks like your argument is not backed by the events and the evidence.
"The shorts" cannot "destroy" a company. The stock price swings don't have a large effect on the day-to-day business of a company that is run competently and efficiently. The only people who can literally destroy a company are the people who manage it - because of bad, incompetent decisions.
It depends on what the goals of SEC are, and what is the time frame they want to achieve them in. SEC may want to correct the problem of Musk making random untrue statements first and fast, thus eliminating his impact on the stakeholders, and then proceed with any other actions.
I doubt it very much that the goal of SEC is to destroy an American company, supported by a bunch of institutional investors. But if there is evidence of more serious violations, it may lead to more action, including criminal charges. The exodus of people involved in the finances of the company isn't an indication of health.
what would happen if there were no rules about fraudulent claims
You can probably look at the stock market decades ago to get an idea. Reading stock market history from the perspective of the science of economics is fascinating.
The idea that companies are honest now because they skate on the edges of the rules is laughable.
You misunderstand the motivation for the rules. The general idea is that punishment reduces the incentives to be dishonest, not to eliminate dishonesty altogether. It is less than ideal, but it is better than nothing.
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.
Nuts or no nuts doesn't matter much. Letting people manipulate the stock market with this much bluntness calls for more than a bit of a hand slapping, however.
What about the longs who bought at 375, thinking it's a "dip"? It is 275 now, who knows what it will be tomorrow. Do they deserve protection from the fraudulent claims about "funding secured"?
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.
I can repaint it in any color I like once it cures, and I rarely choose green anyway. Green concrete looks nothing like the real green stuff, ecotards.
instead of the blinkers. I can sleep better now.
By what measure is the Putin regime "honest"?
Yo, James, what's your new Cyber code number, 0x700?
it's Taiwan, a place where extorion is normal.
Total bullshit, Taiwan is a modern democracy, with separation of powers, checks and balances and what not.
Is that the "Model y"?
Please don't wait, be the first to commit suicide.
Thank you.
Not really. Tesla has a queue of orders for a car they don't produce - the $35k model 3. For the expensive models,k the wait times are due to bad sales logistics and to Tesla producing 84% lemons, which need extensive fixing after production.
What about the cloudy nights?
Actually, it didn't work out well for them because they are not very smart. But they would not be in this headline (and the Tesla ones) if they were.
No, Saudi Arabia got a shock when oil dropped from $120 per barrel down to around $30 per barrel in 2014 as it plunged their economy into deficit.
No, Saudi Arabia didn't "get a shock". Saudi Arabia engineered the price drop so that the shale oil development would die.
The deepfakes that the US intelligence produces have destroyed every faced of many societies across the globe, and the "US lawmakers", that is, the corrupt bunch that orchestrated these didn't even care.
All they care about is losing the monopoly to making deepfakes.
I don't think I've heard of a "celebrity" that doesn't whine. The whinier, the celebritier.
Tesla is on a roll, yeah... Just like China was "on a roll" during the Great Leap Forward. It is rolling alright, straight down the hill and into bankruptcy.
Just like with the older, more expensive models, Tesla shills keep the narrative that Tesla is "demand constrained".
At the same time, we know that production number, after that famous last week in June, is down at around 4k cars a week for "model 3", RAMP-UP or no RAMP-UP. Despite this stubborn fact that production has stalled at this low number, the wait times are, reportedly, decreasing. Not only that, we know that the "buffer" parking lots Tesla has are overflowing with unwanted, dead cars. We know there is almost invisible shipping activity where one would be expecting it to roll 24x7 non-stop due to "PENT-UP DEMAND". We know that service centers are full of newly bought cars waiting for service for manufacturing defects. We know Tesla suppliers are either failing because of unpaid bills, or taking measures to get what they are due in court.
These things together point at only one thing. Tesla will hit large losses again in the next few quarters, that much is obvious, even excluding the write-offs and the warranty service charges.
Given the multitude of complaints about handling the deliveries, one can also expect Tesla's administrative costs will also be up, and, very likely, and as is typical for the company, the increase will be larger than the increase in sales numbers.
Thus, everything included, Tesla will hit the same "record losses" it hits every time.
These expectations are obvious in the way smart money values Tesla bonds. Tesla stock is, despite the 100 dollar fall, not really representative of the desperate situation, because there funds can still control the price while feeding the believers. Once there is enough stock out of control, though, it will fall to almost zero, and stay there until the bankruptcy, when the bond payments hit in January.
There are only three things that are amazing in this sad saga. The reckless irresponsibility of the board of directors, the passive attitude of the authorities on this scam, and the idiocy of the stock holders.
Tesla had one chance to pull through, and it was to replace the loudmouth with a real manager with auto experience years ago, before they spent a fortune building a non-working "automated factory" that they had to write off and rebuild. Oh, and before Musk spent untold billions on bailing out his other fad business instead on making cars.
Too late now, the company has no credibility, no obvious advantage, a mountain of debt, and production numbers that don't indicate it will be able to service it. Those longs who sold at $320 were the lucky ones, Switzerland announcement or no Switzerland announcement.
I don't know about "subtext", but the text is actually saying something a bit different, that is, that the Chinese makers have made smart partnerships that allowed them to win market share, and that includes making the smartphones in India:
In addition to expanding their retail presence in the nation, they have made major investments in local manufacturing and assembly, helping to create new jobs for Indians and opportunities for small and medium businesses... Currently over 95 percent of Xiaomi smartphones sold in India are made in India
Part of it isn't surprising in a general sense, labor costs in China have been rising consistently (https://i.imgur.com/17xTNTc.png). But the part where they rely on local marketing and logistics expertise from nimbler companies is interesting and unique. Definitely not what Apple is doing in China, for example. It is interesting how this will play out when these manufacturers become global brands. The first generation blindly followed the American way of marketing, but the second and the third one may not. And it is kind of beside the point to ask "what about the domestic makers", given the statistic about the % of phones made by a China brand, but in India.
The big takeaway for all failed parties, be that Indian, Taiwanese, Korean or US should be that customer satisfaction is most important, and where it is tied not to the "brand", but to the actual phone features, as it should be in a truly competitive market, those that identify precisely what it means and deliver it, win.