Dadoffourgirls wrote:
Groover wrote:
ShinerBock wrote:
Dadoffourgirls wrote:
I hope the SEC applies the laws consistently! Anything Elon got away with should not be punishable to any other company/executive.
Don't think that would be the case. Elon has enough money to bribe or lobby his way out of things like he has in the past, Nikola does not.
It's is more like Elon is clearly the diving force behind Tesla and the largest stock holder. Any attempt to separate Tesla and Elon probably would have destroyed the company and done enormous damage to the minority shareholders. By leaving things alone the shareholders the SEC allowed the minority shareholders to get a 400% return on investment. That was hardly a disservice to anyone except the shorts who deserved what they got for actively trying to destroy the company and the value of the shareholders.
And Milton was the driving force behind Nikola, and a financial company holding shorts in Nikola can destroy the value of the shareholders? Seems like you are picking winners and losers.
I never mentioned Milton and don't have an opinion there. We will never know what could have been either. But, part of the reason that I never invested in Tesla was my concern about their dependence on Elon and what would happen if he was taken out of the picture. So, I didn't pick a winner there either. Just observing what might have happened if the SEC had been more aggressive. Also, that the shorts seemed to have as much interest in Tesla failing as Elon did in Tesla succeeding. The difference was that several shorts were acting anonymously under the guise of protecting others while Elon was working his tail off and risking everything to save the planet. The shorts deserve what they got (lost).
