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shortseller99 t1_itwc5dm wrote

People have been saying this for years. SEC has been asleep behind the wheel. Can’t wait for this company to go bankrupt

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ThisIsNotCorn OP t1_itwcpqg wrote

> SEC has been asleep behind the wheel.

I see what you did there. I think you mean TSA?

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Bostonguy01852 t1_itwsc3o wrote

Both.

He's been manipulating stock by hyping tech that doesn't exist.

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shortseller99 t1_itx0nt7 wrote

Exactly. I don’t get how people don’t seem to realize that hyping vaporware is literally the textbook definition of securities fraud.

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sdaciuk t1_itxg3v4 wrote

Dogecoin to the moon brother! Tesla will be accepting this just like real money, buy today before the rocket ship leaves without you!

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pab_guy t1_itwfnas wrote

Fat Chance. They will get past this. Tesla isn't going anywhere. The US gov isn't going to destroy that much shareholder value over a few lives. This is America.

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Good_old_Marshmallow t1_itx2u8l wrote

They did with Enron and that had the knock on effect of destroying the California energy market and getting Arnold elected governor

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pab_guy t1_itx3bag wrote

Enron and Tesla are nothing alike. If you think they are then you are missing the plot entirely.

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Good_old_Marshmallow t1_itx40ez wrote

You said the gov would never let that kind of stockholder value be destroyed tho. I gave you an example when they did. You’re moving the goal posts.

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pab_guy t1_itx9qt7 wrote

No, because in Enron's case they were destroying widespread value through their extremely illegal actions. Tesla will get a slap on the wrist and told not to advertise in certain ways. JFC this isn't complicated.

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Good_old_Marshmallow t1_itxbfq3 wrote

You think it’s impossible to imagine a major corporation has its value destroyed due to their own illegal action except in cases when it happened in which case well that was an illegal action that’s different from THIS illegal action which will be a slap on the wrist

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pab_guy t1_iu06qrl wrote

You seem to be focusing on the fact that something is illegal rather than the impact it will have. Whatever, I don't give a shit what your opinion is, it's an empirical question that will be answered by the DOJ and the courts. When it is, and Tesla is given a slap on the wrist, I will remember how stupid this conversation was, and how you were wrong. Until then I don't give a shit about your opinion.

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Good_old_Marshmallow t1_iu072pv wrote

That’s fine. I’m sure they will get a slap on the wrist for this honestly. It’s just that absolutes like the government would never destroy that much shareholder value is one of those things you don’t say without knocking on all the wood because never say never friend

Have a nice day. Hope the weather is nice where you are

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shortseller99 t1_itwjcpb wrote

True. They’ve done terrible stuff and nothings happened. People have been sounding the alarm at accounting red flags, blatant fraud surrounding things like solar city, products never coming to fruition (cybertuck, roadster, robi taxis and the list goes on) outlandish claims made by musk and worker retaliation, racism at Tesla and the list goes on. Nothings happened. Why would it happen now?

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pab_guy t1_iu07a1p wrote

And while all of those things are no-nos, they aren't corporation-ending no-nos. That people seem to think if a company is ever caught doing anything illegal, it will be shut down is very silly.

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tanrgith t1_itwzvd5 wrote

"Can’t wait for this company to go bankrupt"

Lol good luck with that

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shortseller99 t1_itx08n5 wrote

I’ve seen crazier. No one would have thought Enron, lehmen, wirecard and so many more would go bust before they did. Things happen quickly. Not too many companies out there have a fucking army of short sellers calling for their demise. It raises the question of why would they just target Tesla so aggressively and not apple or Google and other major companies? You think they just hate the company? I have a feeling it’s from more than a valuation perspective too.

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swords-and-boreds t1_itxdp80 wrote

You’re living in a fantasy world. The Model Y is one of the best selling cars in the world. Bankruptcy is not going to happen. They will get a fine, and life will go on.

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therealcmj t1_ity162p wrote

They don’t have to go bankrupt to go away.

If they get hit with a fine and are forced to refund the money they collected for the supposed self driving feature they could suddenly be in a situation where they have to go take a ton of money in loans at onerous terms to keep operating. If that happens their stock gets driven to a valuation more in line with other automakers EPS. And they suddenly become an acquisition target.

Perhaps for someone with a ton of cash, super valuable stock, and an interest in the automotive space. Like Apple for example.

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m0nk_3y_gw t1_ityewji wrote

Tesla has a ton of cash and a super valuable stock.

Pretty sure they won't even be getting a fine. This article is just a rumor from 3 people, not even anything official from any government agency.

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swords-and-boreds t1_ity1njh wrote

Tesla is not only an automaker. They’re an energy and technology company who make cars. Comparing them to the likes of Ford is a mistake.

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therealcmj t1_ity3l1b wrote

At the end of the day Tesla is public company. It has assets and liabilities and it’s valuation on the stock market is supposed to align with some multiple of its expected future value.

Right now it’s incredibly overvalued when compared to every other company in every business they’re in when compared on an EPS basis. Which means the market (i.e. investors) think there’s some magic there that makes them way more valuable than every other company you could compare them to.

The market is fickle. If they wind up in court and it turns out that they were misleading customers and owe billions of dollars their stock price would crater.

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