Tesla Faces U.S. Criminal Probe Over Musk Statements

Re:Tesla Faces U.S. Criminal Probe Over Musk Statements by SilasX on Tuesday September 18, 2018 @02:19PM (#18017770)

>Did Musk not actually believe in his heart

So you're saying that, the way securities law works, personal optimism is all it takes to justify any representation of any upcoming financing terms? There's no requirement beyond what's in his heart?

[ Parent | on HN ]

Re:Tesla Faces U.S. Criminal Probe Over Musk Statements by abalone on Tuesday September 18, 2018 @05:20PM (#18019252)

I'm saying the idea of just making a misstatement doesn’t necessarily rise to the level of fraud. You have to do something with intentionality.

Oops, I mean I didn't say that. The head of the San Francisco SEC office did.

[ Parent | on HN ]

Re:Tesla Faces U.S. Criminal Probe Over Musk Statements by SilasX on Tuesday September 18, 2018 @05:27PM (#18019303)

Yes, but proving intent is the easy part of this, what with Musk's propensity to trash-talk short-sellers.

[ Parent | on HN ]

Re:Tesla Faces U.S. Criminal Probe Over Musk Statements by abalone on Wednesday September 19, 2018 @11:20AM (#18024780)

Disliking short sellers is not the same as intent to defraud the public. Every CEO dislikes short sellers. Intent to commit fraud is absolutely the hardest part of this to prove.

[ Parent | on HN ]

Re:Tesla Faces U.S. Criminal Probe Over Musk Statements by SilasX on Wednesday September 19, 2018 @11:46AM (#18025045)

Cool, now we can retread the part where I expressed skepticism that personal optimism is carte blanche to represent any "secured" investment terms to the public.

[ Parent | on HN ]