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  #1  
Old 09-29-2018, 11:15 PM
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Ascariss Ascariss is offline
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Exclamation Elon Musk will step down as Tesla Chairman for 3 years

https://www.bbc.com/news/business-45696150

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Elon Musk must step down as Tesla chair and pay a fine after reaching a deal with US regulators over tweets he wrote about taking the firm private.

It follows Thursday's decision by the Securities and Exchange Commission (SEC) to sue Mr Musk for alleged securities fraud.

Under the deal, Mr Musk will remain as Tesla CEO but must step down as chairman for three years.

Both he and Tesla will also have to pay a $20m (£15m) fine.

Under the terms of the deal, he will also have to comply with company communications procedures when tweeting about the firm.

The fraud allegation relates to his August tweet in which he said he was considering taking Tesla off the stock market and into private ownership.

He wrote he had "funding secured" for the proposal, which would value Tesla at $420 per share.

The SEC said those claims were "false and misleading".

"In truth and in fact, Musk had not even discussed, much less confirmed, key deal terms, including price, with any potential funding source," the regulator said.
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  #2  
Old 09-30-2018, 02:20 PM
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swizzle swizzle is offline
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It's too bad he is still with the company. They would be better off without him.
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Old 09-30-2018, 02:31 PM
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1000% categorically wrong.

Elon is the face of the company. He obviously needs assistance, but thatís happening
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  #4  
Old 09-30-2018, 03:03 PM
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Originally Posted by Crash View Post
1000% categorically wrong.

Elon is the face of the company. He obviously needs assistance, but thatís happening
1000% categorically wrong.

Elon is a scam artist. He rushed the Model 3 to production roughly a year before it was ready. He bilked several hundred thousand people out of deposits for a $35K EV and then did not satisfy their orders. He's constantly coming up with one swindle after another. His magical solar roof is stillborn. He's dumb enough to smoke pot on camera. He is unstable and certainly NOT a genius.
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Old 09-30-2018, 05:38 PM
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10,000% wrong.

Tesla hasnít yet provided the $35,000 car. As Tesla has said, numerous times, itíll happen around the 10,000 per week mark (which will return them about $7000 profit per car, proactively quash your next arguement about them)... if people who havenít received their car, want their $$ back, they can ask for it...seems that isnít happening, so, hardly a scam.

And he smoked pot (and drank scotch) on camera... oth of which are legal in California.... so?

Solar roof is being tested... a simple google search will verify that. It takes time to test the real world environmental impact of this stuff.
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  #6  
Old 10-01-2018, 12:46 AM
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Quote:
Originally Posted by Crash View Post
10,000% wrong.

Tesla hasnít yet provided the $35,000 car. As Tesla has said, numerous times, itíll happen around the 10,000 per week mark...
You're must be delirious from putting on too much Elon's Musk cologne because it has affected your logical reasoning.

When reputable manufacturers take orders of new cars before introduction, those orders are satisfied FIRST and NOT whenever in hell they can get around to it.

I'd have never pegged you for an apologist Tesla fanboy.
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  #7  
Old 10-01-2018, 12:44 PM
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If fanboy means dealing in facts, sure. Count me as that.

Tesla isn't a traditional car company -which makes them so special. Tesla has said NUMEROUS times they need to make money and hit 10,000 cars per week to get the $35,000 version on the road. Again, if someone who laid down $1,000 doesn't like the timeline -they're more than welcome to get their $$ back.

So, just to recap, a company has told consumers (approximately) when to expect a product, if they want to stay in line - they're welcome to do so, if they don't want to stay in line - they'll give back the $$. Seems pretty reasonable to me.

What astonishes me about Tesla is how polarizing they are. You've got a company who has pretty much single handily product vehicle electrification to the world (to the point where every major maker is following their lead). They've introduced a charging solution for consumers. Their products are among the highest rated. Have stolen market share from every premium vehicle company. Have established a timeline for when they're going to be profitable (which has been vetted by accredited analysts). And have done this with good old fashioned American determination. Yet - people dump on them as their leader is a quirky nerd. Very shallow.
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Old 10-05-2018, 12:13 AM
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Quote:
Originally Posted by Crash View Post
If Have established a timeline for when they're going to be profitable (which has been vetted by accredited analysts).
You need to provide a citation for that claim. You made the claim, provide some proof.
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  #9  
Old 10-05-2018, 02:56 AM
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Have fun waiting, maybe TSLA will recover to 350 by then.
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  #10  
Old 10-05-2018, 11:42 AM
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Quote:
Originally Posted by 62Lincoln View Post
You need to provide a citation for that claim. You made the claim, provide some proof.
http://ir.tesla.com/static-files/723...e-9ecac0ad7712
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