- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Tesla is being investigated for fraud by Federal government following Musk’s comments
Posted on 9/18/18 at 1:36 pm
Posted on 9/18/18 at 1:36 pm
quote:
Tesla Inc. is under investigation by the Justice Department over public statements made by the company and Chief Executive Officer Elon Musk, according to two people familiar with the matter. The criminal probe is running alongside a previously reported civil inquiry by securities regulators.
Federal prosecutors opened a fraud investigation after Musk tweeted last month that he was contemplating taking Tesla private and had “funding secured” for the deal, said the people, who were granted anonymity to discuss a confidential criminal probe. The tweet initially sent the company’s shares higher. Tesla confirmed it has been contacted by the Justice Department.
LINK
This post was edited on 9/18/18 at 1:38 pm
14
Posted on 9/18/18 at 1:38 pm to weagle99
Posted on 9/18/18 at 1:42 pm to weagle99
Elon needs to get the frick off Twitter
Posted on 9/18/18 at 1:42 pm to weagle99
Tesla needs to change its strategy, the future could be bright.
Posted on 9/18/18 at 1:45 pm to weagle99
He doesn't owe any federal loans
not with Tesla anyway. Trump witchhunt
Posted on 9/18/18 at 1:49 pm to weagle99
Posted on 9/18/18 at 2:05 pm to Sao
quote:
He doesn't owe any federal loans not with Tesla anyway. Trump witchhun
Musk made a moronic tweet and has absolutely no evidence to back it up with. That funding doesn’t even exist, the Saudi investment group that was rumored completely distanced themselves from this fiasco and even the board of Tesla said they had no idea what he was talking about. Oh and then Elon did an interview and blamed the tweet on ambien to weasel out of it. Lastly musk is fairly conservative and has been invited and attended meetings with Trump so obviously trump hates the guy... definitely a trump issue
Posted on 9/18/18 at 2:10 pm to Sao
quote:
He doesn't owe any federal loans not with Tesla anyway.
Trump witchhunt
Has nothing to do with federal loans. You can't just haphazardly say you are taking the company private and have funding when you are a public company.
What he did is pretty much the definition of fraud. He made a false statement to artificially increase the share price of his company.
This post was edited on 9/18/18 at 2:12 pm
Posted on 9/18/18 at 2:11 pm to Sao
quote:
He doesn't owe any federal loans not with Tesla anyway.
Does that excuse him from stock manipulation? Especially since he made blatantly false statements in an effort to hurt people betting against his stock.
Cost people millions.
Posted on 9/18/18 at 2:19 pm to fightin tigers
The board is about to Papa John his arse if he doesn't stop fricking up.
Posted on 9/18/18 at 2:21 pm to weagle99
Politicizing of the Justice Dept. under a corrupt leader.
Posted on 9/18/18 at 2:47 pm to weagle99
Typical Penn fop 
Posted on 9/18/18 at 2:52 pm to fightin tigers
Huh? Making a public statement while public really only serves the public shareholder. If it devalues the stock due to holder sell, the company suffers. Those who hold, well, hold.
If the stock goes up? Guess what... shareholders aren't being defrauded.
If the stock goes up? Guess what... shareholders aren't being defrauded.
Posted on 9/18/18 at 3:15 pm to Sao
quote:
If the stock goes up? Guess what... shareholders aren't being defrauded.
So the shareholders of Enron weren't being defrauded for the years leading up to the folding of the business? Interesting theory.
Posted on 9/18/18 at 3:18 pm to Sao
He was attacking short sellers. That is illegal. He is fricked.
Posted on 9/18/18 at 6:39 pm to Sao
quote:
Huh? Making a public statement while public really only serves the public shareholder. If it devalues the stock due to holder sell, the company suffers. Those who hold, well, hold.
If the stock goes up? Guess what... shareholders aren't being defrauded.
His problem is actually more complicated than that. Does Twitter even constitute a public enough forum for such statements even if they were true?
As it stands he could be accused of stock manipulation and insider trading. Although I have to imagine nothing will ultimately happen.
Posted on 9/18/18 at 6:56 pm to CaptainsWafer
Posted on 9/18/18 at 6:57 pm to CaptainBrannigan
quote:
Politicizing of the Justice Dept. under a corrupt leader.
You're saltier than my nutsack on this sweltering September day
Posted on 9/18/18 at 7:03 pm to weagle99
Musk said contemplating. He didn't say he was going to do it. Where's the fraud?
Put him out of business to protect yet more industries that are turning obsolete?
Put him out of business to protect yet more industries that are turning obsolete?
This post was edited on 9/18/18 at 7:05 pm
Page 1 of 2
Popular
Back to top
Follow TigerDroppings for LSU Football News