Seeking Alpha

Musk: Tesla stock price is "kind of high right now"

  • Tesla (NASDAQ:TSLA) is on watch after CEO Elon Musk told CNBC last night, "I think our stock price is kind of high right now, to be totally honest."
  • Investors "sometimes get carried away" with the stock price, Musk said. "If you care about the long term, I think the stock is a good price. If you look at the short term, it is less clear."
  • The CEO made similar remarks last November when the market cap was ~$15B; the valuation now is ~$36B.
  • Shares -0.8% premarket.
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Comments (75)
  • stopthe
    , contributor
    Comments (233) | Send Message
     
    Thank you, Captain Elon Obvious.

     

    "Tonight we're gonna party like it's nineteen ninety-nine..."
    5 Sep 2014, 08:15 AM Reply Like
  • surferbroadband
    , contributor
    Comments (3293) | Send Message
     
    Musk said. "If you care about the long term, I think the stock is a good price. If you look at the short term, it is less clear."

     

    Long term the price will go up to eventually $1,000/share.

     

    And at a certain point Elon Must will be the richest man in the world.
    5 Sep 2014, 09:10 AM Reply Like
  • pot pie
    , contributor
    Comments (3936) | Send Message
     
    "Long term the price will go up to eventually $1,000/share."

     

    You don't know that.
    5 Sep 2014, 01:30 PM Reply Like
  • surferbroadband
    , contributor
    Comments (3293) | Send Message
     
    Yeah, I do.

     

    As much as I know that the price of gasoline will never go down to $1.50/gallon.
    6 Sep 2014, 12:24 AM Reply Like
  • Weighing Machine
    , contributor
    Comments (832) | Send Message
     
    As long as everything goes perfectly for the next 15 years the stock is fairly priced
    5 Sep 2014, 08:21 AM Reply Like
  • tanel025
    , contributor
    Comments (281) | Send Message
     
    The stock price is so high, that Elon Musk could be renamed to "Elon Must" to justify it.
    5 Sep 2014, 08:23 AM Reply Like
  • drax7
    , contributor
    Comments (356) | Send Message
     
    Elon might be attracting new shorts, I love it .
    5 Sep 2014, 08:24 AM Reply Like
  • chopchop0
    , contributor
    Comments (4210) | Send Message
     
    yup! love the counter-intuitive strategy there.
    5 Sep 2014, 09:10 AM Reply Like
  • joenjensen
    , contributor
    Comments (705) | Send Message
     
    Yeah for a SHORT TIME !
    5 Sep 2014, 06:31 PM Reply Like
  • Mad Stacks
    , contributor
    Comments (758) | Send Message
     
    It's only overvalued by 400%-500%. So, plenty of upside still remains.
    5 Sep 2014, 08:40 AM Reply Like
  • Matt Raket
    , contributor
    Comments (183) | Send Message
     
    So finally we can stop posting stupid things like 'pump, pump, pump'. Tesla clearly is not trying to pump the stock up, more like letting some air out.
    5 Sep 2014, 09:18 AM Reply Like
  • gofx
    , contributor
    Comments (1313) | Send Message
     
    @Matt,

     

    Oh no, we have enough conspiracy theorists who will spin it. We'll be reading about tea leaves and psychological "tells" such as body language in no time! It won't be the first time.

     

    Elon is obviously a visionary who has some proven ability to execute. However, in a post global crisis scenario, people are almost demented in their efforts to find something else that will crash -- in an effort to not be caught with their pants down the next time around.

     

    That's the biggest psychological issue we have around here these days.

     

    ;)
    5 Sep 2014, 09:23 AM Reply Like
  • fausto1
    , contributor
    Comments (12) | Send Message
     
    Indeed it is not Tesla pumping the price. It are the buyers of the stock that are blind. Each message of Tesla leads to a higher price. If Tesla simply says " I open a new charge station' the buyers see this as a new event that is good for a higher price.
    One time they will realize that the price of the stock is too high and then it will go down fast.
    5 Sep 2014, 09:38 AM Reply Like
  • joenjensen
    , contributor
    Comments (705) | Send Message
     
    I have been reading that kind of wrong thinking ever since I got in over two years ago, but it keeps puzzling the shorts, and scratching their heads, but the stock keeps going up.

     

    No matter what Elon says nobody wants to be caught short like it happened to some investors with Google, and Netflix. People are making money with those stocks, lot's of it because they were invested in it when the time was right, and if your not in it at all, well then you might as well loose your shorts.
    5 Sep 2014, 06:41 PM Reply Like
  • rkw29
    , contributor
    Comments (272) | Send Message
     
    If he thinks Tesla stock is a bit too high based on fundamentals, he should look at his other baby Solar City. Higher than one of his rockets.
    5 Sep 2014, 09:33 AM Reply Like
  • Tales From The Future
    , contributor
    Comments (6234) | Send Message
     
    And SCTY has even more confusing financials than TSLA. Most retail investors have trouble analyzing SCTY's numbers and long-term business model due to all the long-term leases and energy price assumptions - not to mention uncertain future government subsidies for solar.

     

    SCTY to me is a bank/leasing company with a service arm, NOT a solar company (at least until it starts manufacturing its own panels in a few years).

     

    PS: It's also interesting to see how close the two stock prices run parallel on a daily basis, removed from fundamentals.
    5 Sep 2014, 12:36 PM Reply Like
  • pat1000
    , contributor
    Comments (517) | Send Message
     
    When in doubt----Think Model X----That's the long term starting in five months all the hype will start about X deliveries again----or no one will ever believe Musk again---but he knows what a blockbuster X will be and he wants more S.s out there first Esp in China and the U.S.
    5 Sep 2014, 09:34 AM Reply Like
  • Roger field
    , contributor
    Comments (5) | Send Message
     
    Elon Musk does everything differently. For example, how many CEOs would sabotage their own company's share price?
    5 Sep 2014, 09:41 AM Reply Like
  • Stock Market Mike
    , contributor
    Comments (2727) | Send Message
     
    Well... Intel, Micron, HIMX, GLUU, CSIQ and a few other rockets from this year all issued conservative guidance at times that sent their stocks tumbling more than 20%.

     

    So I'd say... plenty of them? If they don't say stuff like that, and it did decline in the short term, I'm sure someone would start a lawsuit against them.

     

    -Mike
    5 Sep 2014, 12:21 PM Reply Like
  • cparmerlee
    , contributor
    Comments (7659) | Send Message
     
    Mike wrote "Intel, Micron, HIMX, GLUU, CSIQ and a few other rockets from this year all issued conservative guidance at times that sent their stocks tumbling more than 20%."
    With the exception of GLUU, those companies all had enough free cash flow to support their operations, so they didn't have a big incentive to pump the stock. Musk has a junk bond rating and he needs to raise $10B in the next several years, so it is pump,pump, pump.
    5 Sep 2014, 12:43 PM Reply Like
  • JackB125
    , contributor
    Comments (363) | Send Message
     
    @cparmerlee, How is

     

    "I think our stock price is kind of high right now, to be totally honest."

     

    "pump,pump,pump"?

     

    I'm not following the logic here. Please explain. Thx.
    5 Sep 2014, 02:15 PM Reply Like
  • cparmerlee
    , contributor
    Comments (7659) | Send Message
     
    Jack wrote "I'm not following the logic here. Please explain. "

     

    This guy ends every day hyping the stock. I am surprised there haven't been a bunch of shareholder suits already, but he is in for a doosey of a shareholder suit when the stock does crash.

     

    It is totally disingenuous of the guy to wake up every morning looking for ways to pump the stock and then come out with "Gollly I don't understand why the price is so high." That's pure BS. He knows exactly what he is doing.
    5 Sep 2014, 02:31 PM Reply Like
  • Matt Raket
    , contributor
    Comments (183) | Send Message
     
    You gotta be kidding me
    5 Sep 2014, 03:50 PM Reply Like
  • gofx
    , contributor
    Comments (1313) | Send Message
     
    @Matt,

     

    It only gets harder to believe from there... I think some shorts may be twisting reality in a way that will "still" bring them big bucks in the face of all this momentum.

     

    I mean, I'm perfectly happy to agree that the price/valuation is based on rosy assumptions and that any serious issues could lead to a corrective event, but that doesn't mean I'm going to step in front of this freight train.
    5 Sep 2014, 04:33 PM Reply Like
  • gofx
    , contributor
    Comments (1313) | Send Message
     
    @cp,

     

    He explains what the company is doing, or intends to do, based on the fact that it is trying to grow.

     

    Consider they are increasing their production capacity, introducing new models, building a factory and making progress in other countries the things they intend to do are becoming more and more impressive.

     

    This is not "pumping" but is instead what an early stage growth company looks like. And yes, given how far they have to go to become a serious automotive player they are still comparatively at an early stage.

     

    Is the stock valuation too high? Perhaps, but at the same time if there are synergies with other ideas, or a belief that the service model will change the game and cause headaches for other manufacturers then it may cause some to beef up their expectations.

     

    The price is only going higher because the market is pushing it there. If you think that the money is flowing to Tesla without some substance being behind it you are certainly free to short it.

     

    Perhaps instead of getting mad at Tesla for running over your short you should get mad at the folks who convinced you it was smart to ride a short on Tesla in the first place?
    5 Sep 2014, 04:45 PM Reply Like
  • cparmerlee
    , contributor
    Comments (7659) | Send Message
     
    Gofx wrote "I mean, I'm perfectly happy to agree that the price/valuation is based on rosy assumptions and that any serious issues could lead to a corrective event, but that doesn't mean I'm going to step in front of this freight train."

     

    A person can be pragmatic without being a dope.

     

    And freight trains are no big deal as long as you don't stand on the tracks. The way to not get run over is to actually understand the games that are going on. When you understand that, there is money to be made.

     

    But the shareholder suit is a different issue altogether. With all the pumping this guy has done with his Twitter and various speeches, he is royally exposed. I've been on the losing side of shareholder suits with 1/1000th the evidence that the sharks are compiling on him right now. There will be a 70-120-point drop and then you will see things get very interesting.
    5 Sep 2014, 04:47 PM Reply Like
  • PeterJA
    , contributor
    Comments (4266) | Send Message
     
    "With all the pumping this guy has done with his Twitter and various speeches, he is royally exposed."

     

    cparm seems to think that announcing a company's plans and successes is pumping the stock. This will be news to every company with a PR department, which is roughly every large company on Earth. Elon talks about his company because that is part of his job of building a global consumer brand. The only time he talks about Tesla's stock is when he says it is kinda high.

     

    Investopedia defines "pump and dump" as:
    << A scheme that attempts to boost the price of a stock through recommendations based on false, misleading or greatly exaggerated statements. The perpetrators of this scheme... sell their positions after the hype has led to a higher share price. >>
    http://bit.ly/1iLOS3A

     

    Contrary to cparm's daily claims on SA, Elon's announcements about his company are not false, misleading or greatly exaggerated. Furthermore, he has never sold any of his Tesla stock, and has promised:
    << just as my money was the first in, it will be the last out. >>
    http://bit.ly/Zt7Umg

     

    For these reasons, cparm's claim that Elon is "royally exposed" to successful shareholder litigation is simply absurd -- incredibly so, even for cparm.
    6 Sep 2014, 01:03 AM Reply Like
  • tomfrompv
    , contributor
    Comments (5839) | Send Message
     
    Poor Peter continues his defense of Elon Musk by claiming "he has never sold any of his Tesla stock". The loyal but gobsmacked Peter should read this:

     

    http://tcrn.ch/1pW11Ix

     

    Seems Lord Elon sold about a million shares. No matter, the board will grant him even more. BTW, Kimball Musk and the CFO are the latest insiders to sell. Google it, Peter.
    6 Sep 2014, 01:37 AM Reply Like
  • PeterJA
    , contributor
    Comments (4266) | Send Message
     
    Tom's article is about Tesla's IPO, long before Elon did any of the tweets and speeches that cparm complained about. But if the article is accurate (which I haven't verified), I should amend my statement to: Elon has never sold any of his Tesla stock after his alleged "pumping." Therefore, his sale was not a pump and dump.

     

    As explained before in this forum, Kumball Musk and other top execs sell small amounts of stock as part of their compensation -- the common method for tech startups to attract world-class personnel. The sales are done on a predetermined regular schedule, completely independent of the stock price. So this also is not pump and dump.

     

    Poor Tom needs a new insult besides "gobsmacked," but can't seem to think of one.
    6 Sep 2014, 02:52 AM Reply Like
  • tomfrompv
    , contributor
    Comments (5839) | Send Message
     
    Peter,
    So what if Elon Musk just pumps - his loyal insiders are doing quite well selling their shares at these prices. Musk's last purchase was at $92 per share. Even he realizes the price is out of whack and isn't about to risk private funds at these levels.

     

    Everybody can and should view insider transactions. Some are automatic and pre-planned. Many other sales are not, contrary to Peter's gobsmacked view. The reader can easily verify at http://yhoo.it/IDDT6u

     

    Gobsmacked is not an insult. It is an apt description of Peter's views of Elon Musk.
    6 Sep 2014, 03:09 AM Reply Like
  • PeterJA
    , contributor
    Comments (4266) | Send Message
     
    "So what if Elon Musk just pumps - his loyal insiders are doing quite well selling their shares"
    Tom, as I already explained but you failed to grasp, every major company on Earth announces their plans and successes in press releases, interviews, and often tweets. This is perfectly legal and moral if the information is true; it is not "pumping," which is defined as false information. Also, if you want to prosecute corporate officers for getting rich, you will have a very long list.

     

    "Even he realizes the price is out of whack and isn't about to risk private funds at these levels."
    Elon is working very hard to earn his compensation package, which includes stock. He doesn't buy it on the open market because he doesn't need to, not because of the price.

     

    "Gobsmacked is not an insult."
    This kind of patent falsehood used to surprise me, but I'm used to it from you. And the word is not apt, because it doesn't mean enamored or uncritical, as you seem to think. It means astounded, according to my dictionary. Google it, Tom.
    6 Sep 2014, 04:02 AM Reply Like
  • tomfrompv
    , contributor
    Comments (5839) | Send Message
     
    Peter
    re: "This is perfectly legal and moral if the information is true; it is not "pumping," which is defined as false information"

     

    But its already been shown that Musk says things that aren't true. Haven't you been listening? Or, has your gobsmacked state of mind prevented you from hearing what others say?

     

    Example: when Bloomberg accused Tesla of using dirty graphite, Musk said he would work the weekend and produce proof that Tesla did not use it. That proof never came, did it?

     

    Re: "He doesn't buy it on the open market because he doesn't need to, not because of the price."

     

    As with the claim Musk never sold stock, you're wrong here again! He bought at $92 per share, as I said. http://bit.ly/1te6U1b

     

    RE: "Gobsmacked is not an insult."

     

    Exactly. Its a Brit expression. Not insulting at all. Just my impression of how you act in response to every criticism of Tesla. I don't understand how anyone can be so gobsmacked all the time about a corporation and rich people running it. They work with Brothel owners for Pete's sake!
    6 Sep 2014, 03:18 PM Reply Like
  • Say What?
    , contributor
    Comments (218) | Send Message
     
    I wish there was an "Ignore" button so I wouldn't have to see Peter's posts anymore, and esp. that picture
    8 Sep 2014, 02:21 PM Reply Like
  • Longlonebull
    , contributor
    Comments (7) | Send Message
     
    he is short!
    5 Sep 2014, 09:41 AM Reply Like
  • David at Imperial Beach
    , contributor
    Comments (4358) | Send Message
     
    No, he's actually leveraged long. He owes Goldman Sachs for his shares. He is daring investors to short so there can be another short squeeze.
    5 Sep 2014, 11:37 AM Reply Like
  • drax7
    , contributor
    Comments (356) | Send Message
     
    Thanks Elon for allowing sold out bulls to buy the dip.
    5 Sep 2014, 09:59 AM Reply Like
  • joenjensen
    , contributor
    Comments (705) | Send Message
     
    That's a great way to look at it, Elon is giving you shorts to go long, so if you don't take this dip it's your own fault AGAIN, and I don't want to read about you cry babies crying that you missed it again, your point is that Elon, wants LONGS in his company, and I think you could be right.
    5 Sep 2014, 06:52 PM Reply Like
  • From an European point of view
    , contributor
    Comments (40) | Send Message
     
    Elon Musk is preparing the community of owners-investers-fans of tesla to a future guidelines downgrading .
    5 Sep 2014, 10:00 AM Reply Like
  • From an European point of view
    , contributor
    Comments (40) | Send Message
     
    Not only short squeezes exist . Long squeezes exist aswell .
    5 Sep 2014, 10:22 AM Reply Like
  • jphafrica
    , contributor
    Comment (1) | Send Message
     
    He is doing the appropriate thing based on a solid chance of weakening demand. That will become evident on the next earnings call, and the extended price without comments like this would cause a windfall that would scare many investors into a reactive sell. Good strategy from a good CEO to inject reality into a wild story. Great company, great product, but poor info from Stifel actually hurts Elon.
    5 Sep 2014, 10:44 AM Reply Like
  • rkw29
    , contributor
    Comments (272) | Send Message
     
    I actually agree. He knows the stock is overvalued and he is trying to prevent a panic sell-off that would leave a bad taste in everyone's mouth. Tesla has relied on positive press for its sales but if there was panic selling due to sky high overvaluation, his company would get a lot of negative press. A sell-off is inevitable, it just depends on what kind it will be.
    5 Sep 2014, 10:58 AM Reply Like
  • Doc's Trading
    , contributor
    Comments (1766) | Send Message
     
    TSLA....TSLA.... For those who missed it....I posted this yesterday when advising going short now and here and heavily..... with a buy stop at 193.30......

     

    <<<TSLA.....For those technicians who didn't see the following, this should interest you: The ABC advance that started August 1 at the low of that day, 226.00, took the TSLA stock to the top of wave A, (of an ABC pattern) to 265.64 on August 13, a move of 39.36 points, after the low of contra B wave on Aug 22nd at 252.61, just add 39.36 to that number to get the measured move of wave C (which should equal wave A in distance) and you arrive at 291.97.
    Today's high was 291.42.
    On another calculation, even more astounding, take the low made May 9th at, 177.22 which was followed with a perfect ABC move to the high June 30th of 244.49, for a total move of 67.27 points. Now add those 67.27 points to the low of the consolidation made July 30th at 221.04, and you arrive at a measured move of 288.89 (289) within two points of today's high, strongly suggesting today was high day and the next move will be down to a minimum move that fill the untraded gap at 267.24.
    A picture is worth a thousand words.
    .............. Simple arithmetic if you know where to look.
    more later.....
    4 Sep,
    Doc's Trading
    , contributor
    5 Sep 2014, 11:03 AM Reply Like
  • cparmerlee
    , contributor
    Comments (7659) | Send Message
     
    Oh puh-leese. This Musk clown spends every day pumping the stock and then comes out with "Golly I can't understand it. People really seem to like this stock. Was it something I said?"

     

    History will regard this as one of the great stock scams.
    5 Sep 2014, 11:32 AM Reply Like
  • Holidayday
    , contributor
    Comments (451) | Send Message
     
    cparmalee: "This Musk clown spends every day pumping the stock"
    "Musk has a junk bond rating and he needs to raise $10B in the next several years, so it is pump,pump, pump."

     

    What did Musk do to make you dislike him so much?

     

    He says the stock "is kind of high right now", and you still mock him for pumping the stock?

     

    Really, please. Come clean so we know why you're so anti-Musk. You've stooped to calling Musk a company who has a junk bond rating.
    5 Sep 2014, 01:36 PM Reply Like
  • cparmerlee
    , contributor
    Comments (7659) | Send Message
     
    Holiday wrote " You've stooped to calling Musk a company who has a junk bond rating. "

     

    He DOES have a junk bond rating.

     

    http://cnnmon.ie/YijQub

     

    This is the most opaque, dishonest company I have seen since Enron, and I said exactly the same sorts of things about Enron before they collapsed too.
    5 Sep 2014, 02:34 PM Reply Like
  • Holidayday
    , contributor
    Comments (451) | Send Message
     
    cparmalee: "He DOES have a junk bond rating."

     

    No, the link you quote says that Tesla's DEBT has a junk bond rating. Not Tesla stock (TSLA), nor Elon Musk.

     

    You need to separate the person "Elon Musk" from the company "Tesla". By continuing to call Tesla "Musk", you look much worse than those you claim worship Elon Musk.
    (I'm trying to *help* you by advising not to call Musk a company.)
    5 Sep 2014, 02:42 PM Reply Like
  • cparmerlee
    , contributor
    Comments (7659) | Send Message
     
    Holiday wrote "Tesla's DEBT has a junk bond rating"

     

    Yes exactly. Musk is the CEO, the face of the company, and the primary beneficiary of this stock con, given he has dealt himself 30 million shares. I never said the "stock" had a junk rating", as there is no such thing, but probably should be in this case.

     

    The point about Musk's junk bond rating is that he has to raise a lot of money to do the things he has promised for all of his companies, and the junk bond status makes debt an unattractive option. So he pumps the stock. That's where he can get ~$10Bn he needs over the next 3-4 years.

     

    Arguing that Musk is not the same thing as Tesla is a distinction without a difference. They are in fact the same entity.
    5 Sep 2014, 03:04 PM Reply Like
  • Matt Raket
    , contributor
    Comments (183) | Send Message
     
    All your pump pump pump nonsense is being proven wrong by what Musk said yesterday. So who is the clown then?
    5 Sep 2014, 03:55 PM Reply Like
  • joenjensen
    , contributor
    Comments (705) | Send Message
     
    You are saying this now because this is just another reminder that you missed it? Elon is giving you and all shorts another chance to be one of us, he obviously wants longs, so go long, you won't be sorry in only a few months, you will see especially when X hits the pavement.
    This is my best and last advice to anyone shorting tsla, don't say you weren't warned again.
    5 Sep 2014, 07:00 PM Reply Like
  • surferbroadband
    , contributor
    Comments (3293) | Send Message
     
    Good thing the price is going down. Needed to take a breather. The run up was in anticipation of the gigafactory announcement. Now the day traders have gotten their profits, the longs can let things go up naturally.
    5 Sep 2014, 11:39 AM Reply Like
  • harryjack
    , contributor
    Comments (534) | Send Message
     
    Tip toe through the tulips....
    5 Sep 2014, 12:09 PM Reply Like
  • Tales From The Future
    , contributor
    Comments (6234) | Send Message
     
    Using a share count of 140 million shares the actual TSLA market cap is even higher.

     

    Most retail investor sites still display/use 125 Million shares.
    5 Sep 2014, 12:33 PM Reply Like
  • Doc's Trading
    , contributor
    Comments (1766) | Send Message
     
    Tales from the future...<<Using a share count of 140 million shares the actual TSLA market cap is even higher. >>>>

     

    Good catch..I had said 36 billion which is therefore wrong...
    5 Sep 2014, 04:00 PM Reply Like
  • Doc's Trading
    , contributor
    Comments (1766) | Send Message
     
    TSLA......TSLA .Lower buy stop from 293.30 to 287.30, on short taken at average price of 288 (see above post). Expect gap at 267.28 to be filled.
    more later....
    5 Sep 2014, 12:53 PM Reply Like
  • Holidayday
    , contributor
    Comments (451) | Send Message
     
    Doc's: "Lower buy stop from 293.30 to 287.30, on short taken at average price of 288 (see above post). Expect gap at 267.28 to be filled."

     

    So, what can I do with your post? the stock price right now is 276.33 (about half an hour after your post). Short at 276.33 and expect to cover at 267.28?
    5 Sep 2014, 01:33 PM Reply Like
  • blejsmith
    , contributor
    Comments (240) | Send Message
     
    I guess it's easier to have the moderators remove a question that you know you cannot respond to rather then actually answering it. This guy is a charlatan, anyone listening to him will get what they deserve
    5 Sep 2014, 02:51 PM Reply Like
  • Doc's Trading
    , contributor
    Comments (1766) | Send Message
     
    Holidayday......If you didn't short yesterday or at the 280 level advised again to short on my morning post...there's nothing you can do .
    If your short follow my bouncing ball and only cover at 267 area or at my stop prices. My stop will be lowered again after today's close.
    5 Sep 2014, 03:54 PM Reply Like
  • Doc's Trading
    , contributor
    Comments (1766) | Send Message
     
    Holiday day....Actually since you missed my earlier recommendation I think your best bet is to average into the short starting Monday morning with 25% at the current level and add to the position on any 2-3 day rally up to 281, especially if the rally is on less than 4 million daily volume .
    Please feel free to contact me with your position and I'll give you my opinion as to a good stop to use. (my contact numbers and email are on my bio page.) Yes there is still 10 points minimum in any short taken here.
    5 Sep 2014, 04:09 PM Reply Like
  • pot pie
    , contributor
    Comments (3936) | Send Message
     
    I see the market is responding positively to the gigaflop announcement.

     

    Oh, wait...
    5 Sep 2014, 01:33 PM Reply Like
  • Matt Raket
    , contributor
    Comments (183) | Send Message
     
    Is that the announcement that wouldn't come?
    5 Sep 2014, 03:57 PM Reply Like
  • pot pie
    , contributor
    Comments (3936) | Send Message
     
    No, the announcement that won't come will be the production of the Model 3, E or whatever the vapor car now is called.
    6 Sep 2014, 03:27 AM Reply Like
  • Matt Raket
    , contributor
    Comments (183) | Send Message
     
    And when Model 3's are on the road, ofcourse you will deny you ever said that wouldn't happen. Too lame to admit you were wrong.
    6 Sep 2014, 04:51 PM Reply Like
  • Laibach
    , contributor
    Comments (90) | Send Message
     
    This was the THIRD such warning from Musk and the other two did nothing: http://bit.ly/1pYehfP
    6 Sep 2014, 01:16 PM Reply Like
  • cparmerlee
    , contributor
    Comments (7659) | Send Message
     
    Laibach "This was the THIRD such warning from Musk"

     

    On advice of counsel, he's trying to plant the seeds of a defense in the inevitable shareholder lawsuits when this thing crashes. You can bet there are a dozen law firms compiling huge dossiers right this minute. Having been on the receiving end of several of these ambulance chasers, I don't approve of their tactics, but it is reality. It is coming.
    6 Sep 2014, 01:31 PM Reply Like
  • PeterJA
    , contributor
    Comments (4266) | Send Message
     
    "It is coming."

     

    cparm, like any big corporation, Tesla is already the target of frivolous lawsuits, such as this one:
    http://bit.ly/1tdSXQT

     

    If you were the target of class action lawsuits, as you claim, you would know that such suits must prove the defendant announced false information, or failed to disclose adverse true information, material to the stock price. Elon's statements that the price is kinda high are totally irrelevant to what the plaintiff must prove, and therefore cannot be "the seeds of a defense." As usual, you have no clue what you are talking about.
    6 Sep 2014, 02:01 PM Reply Like
  • cparmerlee
    , contributor
    Comments (7659) | Send Message
     
    Pater wrote "you would know that such suits must prove the defendant announced false information, "

     

    And this will usher in a new era in such suits because in ten past, CEOs have been ,mostly quite scrupulous in their public statements and writings. Musk is careful in some venues, but he acts as if Twitter doesn't count. It is OK to say all sorts of misleading things as long as they aren't in the official quarterly report?

     

    I don't think that is how the courts will decide. We will see. A major correction is not too far ahead and then these guys will be coming out of the woodwork.
    6 Sep 2014, 05:07 PM Reply Like
  • tomfrompv
    , contributor
    Comments (5839) | Send Message
     
    CParmerlee,
    It doesn't seem like Musk cares. Its well known that he illegally terminated about 2 dozen Tesla employees, they took him to court, and he lost. Those court action are still proceeding. It affected him so little, SpaceX did the same thing about a month ago.

     

    Wealthy CEOs look at the laws quite differently than ordinary citizens. I'm sure his personal wealth is quite safe, so like any Oil or Tech CEO he is playing with other people's money.
    6 Sep 2014, 05:27 PM Reply Like
  • PeterJA
    , contributor
    Comments (4266) | Send Message
     
    "he acts as if Twitter doesn't count"
    cparm, give us one example (with a link) of false material information that Elon tweeted. This is called evidence to support your claim.

     

    "Its well known that..."
    Tom, it's well known that you can't keep facts straight, so when you say "it's well known" instead of providing evidence, the objective reader assumes you have none.
    6 Sep 2014, 05:46 PM Reply Like
  • tomfrompv
    , contributor
    Comments (5839) | Send Message
     
    Peter,
    Its rich that you question my statements. We just caught you making two false claims about Musk's stock purchases!

     

    Google the lawsuit for yourself. I don't care what you think, given your gobsmacked nature.

     

    Same with the Musk tweets, nobody expects PeterJA to EVER find something amiss with Musk. Or Tesla.
    6 Sep 2014, 07:00 PM Reply Like
  • cparmerlee
    , contributor
    Comments (7659) | Send Message
     
    Peter wrote "cparm, give us one example (with a link) of false material information that Elon tweeted. "

     

    I'm not going to play your silly games. Everybody here knows how that works. You bait people throwing the discussion off track, then what ensues is a 25-post long debate about the meaning of individual words, which totally misses the big point.

     

    I've said what people can expect. I own that statement. There are law firms right now preparing for suits as soon as the stock takes a big correction. His periodic statements that "golly, the stock seems to be a little high" are nothing more than attempts to lay a defense -- a defense I believe will be unsuccessful.

     

    Bookmark this post. If my prediction doesn't come to pass before the end of 2015, then you can point out to everyone here how wrong I was.
    6 Sep 2014, 07:32 PM Reply Like
  • PeterJA
    , contributor
    Comments (4266) | Send Message
     
    "Google the lawsuit for yourself."
    Tom, please explain how a lawsuit by terminated employees (if it exists) is material information and thus relevant to cparm's claim that Elon will be sued for his tweets. If you don't know what "material information" means, here you go:
    http://bit.ly/1teUoOZ
    6 Sep 2014, 07:43 PM Reply Like
  • tomfrompv
    , contributor
    Comments (5839) | Send Message
     
    Peter,
    Re-read Cparmerlee's description of you and your style. Its 100% right on. There is no point in playing your games.

     

    I NEVER said the successful lawsuit against Musk was material to anything. I said that Musk, like all wealthy CEOs, doesn't care about laws like normal citizens. Just like he doesn't care that a Brothel owner is his biggest ally in Nevada. Or that he used a pre-nup to cheat his wife, eveh though she is the mother and guardian of his own children.

     

    Re-read my message.
    6 Sep 2014, 08:34 PM Reply Like
  • PeterJA
    , contributor
    Comments (4266) | Send Message
     
    "I NEVER said the successful lawsuit against Musk was material to anything."

     

    So if it is not material to anything, you'll agree it is irrelevant to my debate with cparm here, which you joined as if you had something relevant to say. In fact, all your evidence-free venom about Elon's character is irrelevant to the debate, and irrelevant to investors looking for material facts, rather than prudish and sanctimonious posts by trolls.
    6 Sep 2014, 08:57 PM Reply Like
  • PeterJA
    , contributor
    Comments (4266) | Send Message
     
    "I'm not going to play your silly games.... You bait people throwing the discussion off track"
    cparm, if asking you for evidence to support your claim is "throwing the discussion off track," what would be staying on track? Uncritical acceptance of your claim without evidence?

     

    "If my prediction doesn't come to pass before the end of 2015, then you can point out to everyone here how wrong I was."
    I can already point out that you've failed, as usual, to produce a shred of evidence to support your prediction, and you dismiss a request for evidence as "silly games." That's a pretty good indication of how likely your prediction is to be correct.
    7 Sep 2014, 12:17 PM Reply Like
  • Holidayday
    , contributor
    Comments (451) | Send Message
     
    cparmalee: "he acts as if Twitter doesn't count. It is OK to say all sorts of misleading things"

     

    Task: cparmalee, please give evidence that Musk said anything misleading on Twitter.

     

    cparmalee: "I'm not going to play your silly games"

     

    Public: Why won't cparmalee back up their claims with evidence? You shouldn't just throw out potentially damaging statements without proof. Such a claim should easily be provable by looking at Musk's twitter feed.

     

    Of course, if there is no misleading going on, then it's easy to see why evidence is not there. Just once, I'd like to see cparmalee throw out a claim AND back it up with evidence.
    8 Sep 2014, 05:02 PM Reply Like
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