Tesla/Space x
- Thread starter heisenberg
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PussyGalore
Meow
Everyone goes on about how much of a genius Musk is but honestly he's also something of a dummy. No sympathy from me.
PussyGalore
Meow
At the very least some heavy fines will be levied against the company. It will be interesting to see if he can finagle his way out of being removed from his position as CEO. Regardless, Tesla is going to be hit with some serious fines and their market share will be negatively affected. This is pretty much a given.
He is losing his way.
He is still one of my heroes, but I am seeing signs of crumbling.
His tweet had a measurable and immediate effect on his stock valuation. That is actionable in a court of law and is against SEC rules.
Um, no it isn't fake:
https://www.forbes.com/sites/davidk...stice-and-sec-over-musks-tweets/#4adedbb01624
If found guilty, Elon could face jail time and a GINORMOUS fine. Where are you getting the idea that this is fake? My quote is from Forbes....
You had 250k to invest in stocks? I didn't know you were rich! I miss numbers like that.
Maybe so, but it isn't fake that he could potentially face a legal battle which could cost him millions.
Let's see...Ford, Chrysler, GM, Toyota and Honda don't like him because he has cornered the luxury electric car market.
LIQUIDATE. Re-invest when you feel comfortable again. Buy Yuan....
Why let your money be whittled away and hope it gets better? SELL. Then jump back in the pool when you feel safe. If you sell off, nobody can take anything and you stop the leak. I have a friend who does day trading, and he is rich. When stocks (or his broker) make him feel shaky, he sells off all his stocks in a given company or fires his broker with a phone call, and just gets a new one. He has been using a program now, and he told me he may stop using a broker altogether.
PussyGalore
Meow
The fact that Musk made suck reckless tweets shows an immaturity level and inability to control himself. Do CEO's play games with the stock market? Absolutely. But most aren't stupid enough to be so blatant and amateurish about it. His tweet(s) fluctuated the market enough to garner him over $850 million. Yes, the money involved goes up and down but the bottom line is a quick profit was made based upon lies and hyperbole on Musk's part. (He met with some Saudis for a few minutes and had a vague, non-defined conversation with them about investment. He had absolutely nothing in writing and nothing locked down in actual investment terms. In short, he had nothing and was blowing smoke up the Market's ass.)
Keep in mind that the SEC went after Martha Stewart over $230,000. That is a pittance compared to the amount of money Musk made from his sensational and fraudulent tweet. Martha Stewart did prison time. Musk might be able to finagle his way out of some of the legal trouble because it involves Tweeting which is a whole new world for the lawyers to figure out. Still, I can't imagine there won't be fines levied against Musk. This was some serious market manipulation and the SEC can't ignore that.
So yeah, this makes Musk something of a dummy. His inability to manage his personal life also makes him stupid af. A guy of his stature should be able to handle women but instead he lets them walk all over him. When it comes to the female of the species Musk is not a player, he's a beta cuck. He's had Johnny Depp's leftovers for God's sake. And she is a ball-busting divorce-rapist that left Depp broken and beaten both mentally and financially. For Musk to hookup with Amber Heard is pathetic and says volumes about him being a weak person. His track record with women is lamentable and says a lot about his ability to make rational decisions.
He did get a nice hair transplant though, I'll give him that.
Keep in mind that the SEC went after Martha Stewart over $230,000. That is a pittance compared to the amount of money Musk made from his sensational and fraudulent tweet. Martha Stewart did prison time. Musk might be able to finagle his way out of some of the legal trouble because it involves Tweeting which is a whole new world for the lawyers to figure out. Still, I can't imagine there won't be fines levied against Musk. This was some serious market manipulation and the SEC can't ignore that.
So yeah, this makes Musk something of a dummy. His inability to manage his personal life also makes him stupid af. A guy of his stature should be able to handle women but instead he lets them walk all over him. When it comes to the female of the species Musk is not a player, he's a beta cuck. He's had Johnny Depp's leftovers for God's sake. And she is a ball-busting divorce-rapist that left Depp broken and beaten both mentally and financially. For Musk to hookup with Amber Heard is pathetic and says volumes about him being a weak person. His track record with women is lamentable and says a lot about his ability to make rational decisions.
He did get a nice hair transplant though, I'll give him that.
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Not only that, but BUY your car and forget the foolishness of leasing. I am going to keep my Benz and simply maintain it in tip top condition until...forever. It has no pesky computer which can control it's systems (only a diagnostic one), which means that the manufacturer cannot send commands to the car to fail, or to demand oil changes and brake jobs and such (yes, they are doing that). Nobody can hack it or secretly monitor it's location (every GM made car), and I actually own the thing. Leasing a car is basically a long term rental.
Everything is becoming a subscription-based racket. You are asked to "buy" things you really never get to own (Microsoft Office, Adobe Creative Cloud, leased vehicles, ALL real estate in the US, etc). All along the way, they will get maintenance money from you, repair costs, upgrade costs. Forget it.
PussyGalore
Meow
Good on you for hanging onto your Mercedes.
Auto ownership is just one of many areas of the economy that is being exploited by corporations these days. They're making it harder and harder to work on your own car. And if you take it to a dealer shop for maintenance they squeeze you dry with up-charges on everything. Thank God I have a good mechanic just down the block from me who works out of his own house. He's way cheaper than the average mechanic shop and he does good work. He's even introduced me to a guy who does body work in this little shop in the back of an industrial area. His prices are very reasonable and he does great work and he's fast.
A friend of mine just had his bumper smashed by a dump truck that backed into him at a construction job site. The construction company told him to get a couple estimates, which he did that day. They came to approximately $2800 total from the auto dealerships he went to. The construction company quickly cut a check to my friend for that amount and I took him to the body work guy I know because I knew it would be much cheaper. That guy got my buddy's car looking brand new for $700, all in under 2 days. In comparison it's shocking what a ripoff most auto shops are. You definitely have to shop around and do your homework in this regard. A good "shade tree" mechanic that is local to you is worth his weight in gold.
*BTW, the construction company did not want to get insurance companies involved as that could affect their premiums and licensing hence the quick payment in cash, which was completely legal in case anyone is wondering.
Good on you for hanging onto your Mercedes.
Auto ownership is just one of many areas of the economy that is being exploited by corporations these days. They're making it harder and harder to work on your own car. And if you take it to a dealer shop for maintenance they squeeze you dry with up-charges on everything. Thank God I have a good mechanic just down the block from me who works out of his own house. He's way cheaper than the average mechanic shop and he does good work. He's even introduced me to a guy who does body work in this little shop in the back of an industrial area. His prices are very reasonable and he does great work and he's fast.
A friend of mine just had his bumper smashed by a dump truck that backed into him at a construction job site. The construction company told him to get a couple estimates, which he did that day. They came to approximately $2800 total from the auto dealerships he went to. The construction company quickly cut a check to my friend for that amount and I took him to the body work guy I know because I knew it would be much cheaper. That guy got my buddy's car looking brand new for $700, all in under 2 days. In comparison it's shocking what a ripoff most auto shops are. You definitely have to shop around and do your homework in this regard. A good "shade tree" mechanic that is local to you is worth his weight in gold.
*BTW, the construction company did not want to get insurance companies involved as that could affect their premiums and licensing hence the quick payment in cash, which was completely legal in case anyone is wondering.
Proof of this scamming is the recent John Deere rescinding of the farmer's Right To Repair their own equipment!
https://www.wired.com/story/john-deere-farmers-right-to-repair/
Good for you on your mechanic. I have one like that too, and he has been with me since my car went out of warranty in 1996 (its a 1991). He keeps my baby in tip top condition mechanically, and he is HONEST and trustworthy. He even lets me trade computer work, or pay later. I love the guy. Best of all, I own my car free and clear. No bloody "car note", no forced scheduled maintenance, no overpriced dealer parts.
The difference is that the type of A.I. you keep talking about simply does not exist in reality yet, and the scenarios you have laid out are nowhere to be found in today's reality. Climate change IS happening. But you cannot find any real proof that Man is causing it and neither can anyone else anywhere. On the other hand, the SEC has already opened a real life investigation against real life Elon Musk, who has likely committed real life securities violations by his real life tweet saying he would take Tesla private. Cold hard proof against Tesla, nothing for sentient A.I. or manmade global climate change.
Real life consequences. Elon Musk is no longer Chairman of the Board at Tesla:
http://www.tmz.com/2018/09/29/elon-musk-tesla-out-as-chairman-remain-ceo-sec-settlement/
20 million dollar fine.
So much for "nothing will happen".
http://www.tmz.com/2018/09/29/elon-musk-tesla-out-as-chairman-remain-ceo-sec-settlement/
20 million dollar fine.
So much for "nothing will happen".
