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Re:Tesla Erases $199B in Worst Two-Day Rout in 14 Months by jonplackett on Tuesday November 09, 2021 @06:08PM (#29168811)
We’ll what does anyone expect when he biggest shareholder says they’re gonna sell their shares… could’ve been worse. Might well be if it comes to pass.
Re:Tesla Erases $199B in Worst Two-Day Rout in 14 Months by vmurthy on Tuesday November 09, 2021 @06:28PM (#29168977)
Probably unpopular opinion : but how are things like these that Musk does w.r.t publicly held shares legal?
Re:Tesla Erases $199B in Worst Two-Day Rout in 14 Months by matthewmcg on Tuesday November 09, 2021 @07:28PM (#29169508)
Strictly speaking, it’s not. He’s violated securities laws multiple times but seems to feel he’s immune to prosecution. Consider the recent “financing secured” tweet.[1]

[1]: https://www.theguardian.com/technology/2019/apr/26/tesla-elo...

Re:Tesla Erases $199B in Worst Two-Day Rout in 14 Months by panick21_ on Tuesday November 09, 2021 @07:37PM (#29169588)
He has violated them once and got punished for that. And then there are 100s of claims by uneducated people that he 'constantly' violates the law.
Re:Tesla Erases $199B in Worst Two-Day Rout in 14 Months by jonplackett on Wednesday November 10, 2021 @08:42AM (#29174514)
No-one ever proved he didn’t. Look at the share price now - it would have been a damn good deal!
Re:Tesla Erases $199B in Worst Two-Day Rout in 14 Months by 0des on Tuesday November 09, 2021 @06:45PM (#29169111)
It drives money into the system, popularizes the markets, and also because it's probably hard to make a case in the current state of things. This is America, big corps get preference and grace. I'm not saying it's right, I'm just saying that's my assumption of how it is.
Re:Tesla Erases $199B in Worst Two-Day Rout in 14 Months by CheezeIt on Tuesday November 09, 2021 @10:00PM (#29170575)
The tweet doesn’t have material information about the company. Also, holding a poll about selling shares would probably be upheld as protected speech under the first amendment.