re: Tesla is being investigated for fraud by Federal government following Musk’s comments

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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?

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He also said funding was secured, which it appears now it certainly wasn't.

Stock manipulation.

In his position he can't make those kind of statements. Either he is too stupid or too careless.

I think Musk is going crazy.

Howard Hughes 2.0

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Howard Hughes Jr. 

Howard Hughes was the brilliant innovator and businessman who patented the modern drill bit and laid the groundwork for the third largest oilfield services company in the world. 

Hughes Jr. was the billionaire son who almost bankrupted the company buying movie studios, aircraft companies, airlines, casinos, and TV stations.. and subsequently sold off the oil tools arm that was keeping the rest of his hobbies afloat.. ?

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I stand corrected.

I'm sure Sr. gets it a lot though.

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Hughes Jr. was the billionaire son who almost bankrupted the company buying movie studios, aircraft companies, airlines, casinos, and TV stations.. and subsequently sold off the oil tools arm that was keeping the rest of his hobbies afloat..

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He also became the world’s richest man doing all the other shite

Yea you would be wrong, he wasn't even in the top ten when he was alive.

Does this mean I get my tendies back?

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Tesla CEO Elon Musk is a nice guy who doesn't know how to run a car company, Bob Lutz, former vice chairman of General Motors, told CNBC on Tuesday.

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I think Lutz may need to STFU on this topic.

Lutz career
Lutz became head of Chrysler Corporation's Global Product Development, including the very successful Dodge Viper and LH series cars. Former Chrysler chairman and CEO Lee Iacocca, who helped steer the company back to profitability after receiving loans from private banks backed by the U.S. Government in 1979, said he should have picked Lutz as his successor rather than Bob Eaton upon Iacocca's retirement at the end of 1992, but at the time Iacocca and Lutz were not getting along. Eaton was responsible for the sale of Chrysler to Daimler-Benz in 1998 which Daimler ended up backing out of in 2007 when it sold Chrysler to Cerberus Capital Management. Referring to the job performance of Eaton, Iacocca claimed that Lutz "would eat him for lunch".[8]

While at General Motors, Lutz championed the import of the Holden Monaro to the United States as the Pontiac GTO. Other cars such as the Cadillac Sixteen Concept; Saturn Sky and Pontiac Solstice; Pontiac G8; Chevrolet Malibu; Cadillac CTS; Buick Enclave; Cadillac Converj Concept; Cadillac CTS Coupe Concept; Chevrolet Camaro; Chevy Beat, Groove and Trax Concept Studies; and 2010 Buick Lacrosse, Chevrolet Equinox, and Cadillac SRX are said to be Lutz initiatives. Lutz has also emphasized a need to produce fuel efficient vehicles, backing the 2010 Chevrolet Volt.

In 2008, Lutz said that "the electrification of the automobile is inevitable".[9]



General motors bailout
The 2009 General Motors Chapter 11 sale of the assets of automobile manufacturer General Motors and some of its subsidiaries was implemented through Chapter 11, Title 11, United States Code in the United States bankruptcy court for the Southern District of New York. The United States government-endorsed sale enabled the NGMCO Inc.[1] ("New GM") to purchase the continuing operational assets of the old GM.[2][3][4] Normal operations, including employee compensation, warranties, and other customer service were uninterrupted during the bankruptcy proceedings.[2] Operations outside of the United States were not included in the court filing.[2]

The company received $33 billion in debtor-in-possession financing to complete the process.[5] GM filed for Chapter 11 reorganization in the Manhattan New York federal bankruptcy court on June 1, 2009 at approximately 8:00 am EDT. June 1, 2009 was the deadline to supply an acceptable viability plan to the U.S. Treasury. The filing reported US$82.29 billion in assets and US$172.81 billion in debt.[6][7] [8][9][10]

After the Chapter 11 filing, effective Monday, June 8, 2009, GM was removed from the Dow Jones Industrial Average and replaced by Cisco Systems. From Tuesday June 2, old GM stock has traded Over the Counter (Pink Sheets/OTCBB), initially under the symbol GMGMQ[11] and currently under the symbol MTLQQ.

On July 10, 2009, a new entity completed the purchase of continuing operations, assets and trademarks of GM as a part of the 'pre-packaged' Chapter 11 reorganization.[12][13] As ranked by total assets, GM's bankruptcy marks one of the largest corporate Chapter 11 bankruptcies in U.S. history. The Chapter 11 filing was the fourth-largest in U.S. history, following Lehman Brothers Holdings Inc., Washington Mutual and WorldCom Inc.[14] A new entity with the backing of the United States Treasury was formed to acquire profitable assets, under section 363 of the Bankruptcy Code, with the new company planning to issue an initial public offering (IPO) of stock in 2010.[15] The remaining pre-petition creditors claims are paid from the former corporation's assets.

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Does that excuse him from stock manipulation? Especially since he made blatantly false statements in an effort to hurt people betting against his stock.

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Maybe this fraud investigation should be a hint to Musk that he probably should take a step back from Tesla and let an experienced person get the company onto a path towards profitability.

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This guy knows the car business better than anyone at General Motors did. If he thinks Tesla is destined for the grave yard, it probably is. While I’m sure the Musk disciples don’t actually see the problem with what he’s done, the reality is that he may have gotten himself into pretty serious trouble.

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I support and appreciate Musk's efforts to change the way we use personal transportation but this is very true.

Before this recent "meltdown" of Musk people could argue that he's in control and has a plan to become profitable.

Now his actions are making investors doubt the long term viability of his operations. His recent tweets and Joe Rogan interview were horrible decisions that truly stop any hope for Tesla.