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originally posted by: AugustusMasonicus
originally posted by: FamCore
Elon Musk is a FRAUD. It's funny to me how every time I say something like this, members on ATS say I'm "jealous" or that Elon Musk is saving the planet.
The irony is you get lambasted for saying anything about the actual Tesla too, they are both a cult of personality that far exceeded their actual achievements.
originally posted by: Ohanka
Confidence tricksters and fraudsters have a habit of getting in trouble with the authorities.
originally posted by: Aazadan
If Teslas had all of their existing features but cost $25k, customers would turn away from them. But, because they're sold for a premium price, people see more value when none is there.
originally posted by: Mandroid7
a reply to: MarkOfTheV
I don't get it either. No 1st ammendment protection from sec?
I can understand the board taking action.
originally posted by: FamCore
a reply to: AndyFromMichigan
Elon Musk is a FRAUD. It's funny to me how every time I say something like this, members on ATS say I'm "jealous" or that Elon Musk is saving the planet. Nope! I simply understand how the CEO of a company is responsible to their shareholders and GENERALLY should toe the line when the SEC asks. He has been completely irresponsible and pompous time and time again, at the expense of the company and his own public image. His ego is his Achilles heal and his fraudulent ways are being exposed more as time goes on
The constant pipeline of executives abandoning ship should be a major red flag (as well as Elon's outlandish behavior). Their general counsel, Butswinkas left after less than 2 months... HA!
Elon Musk didn't even start Tesla. Elon has done a lot of shady things, including buying his counsin's failing "SolarCity" company (now a subsidiary of Tesla), which has been nothing but trouble for the company. Not good for investors, not good for the company (but hey, he's "saving the world", so nepotism doesn't matter, right?)
Tesla has $920 million of convertible debt that matures March 1. www.sec.gov...
The company will have to pay bondholders in cash unless the stock exceeds $359.87 (tick tock - PS, it ain't gonna get anywhere near that price).
So many folks who love Elon so much seem to want to justify his choices as CEO, claiming "he's not in it to make money,", "he wants to change the world", but he has been stuffing his pockets with investors and taxpayers money and not making choices that are beneficial for a publicly-traded company. Defaming others, claiming he had funding secured to take a publicly-traded company private (which was an outright lie), making poor business choices to support his cousin's company, and personally profiting while hurting his investors all seem to point to the fact that Elon is, in fact, a fraud.