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That day Elon Musk almost certainly committed a felony... (yesterday)

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Greenman said:
This is P&N. Has anyone ever checked themselves here?
The main problem is the herd splits differently on "visionary's". There isn't a defined and accepted agenda so we end up with outliers in every direction. Musk runs the scale from Messiah to scammer.
Personally, I think he's 20% Einstein and 80% P.T. Barnum.
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I really dont give two shits about Musk, I do want to see his visions come to fruition though, at the agressive timetable... Be it Elon or someone(s) else, dont care.
 
cytg111 said:
I really dont give two shits about Musk, I do want to see his visions come to fruition though, at the agressive timetable... Be it Elon or someone(s) else, dont care.
Click to expand...
I have to give him credit for bringing the concept of EV's to the masses forcing mainstream auto makers to reinvent themselves. Perhaps their cost will drop low enough to replace cheap gassers so even low income people will be able to afford one.
 
Greenman said:
This is P&N. Has anyone ever checked themselves here?
The main problem is the herd splits differently on "visionary's". There isn't a defined and accepted agenda so we end up with outliers in every direction. Musk runs the scale from Messiah to scammer.
Personally, I think he's 20% Einstein and 80% P.T. Barnum.
Click to expand...
I agree with this. He goes big, but he's not as brilliant as people believe. Still, I respect him and hope he accomplishes his lofty goals (Mars, etc).
 
Greenman said:
I can't find anything that says solid state electrolyte sodium batteries are a workable product at this time, or in the near future. Do you have a link to better information than a google search returns? I'm very curious about the technology.
Click to expand...

It's been around since 1834 when the used a silver ion over silver sulfide transfer, these days a thin sheet of silicon sulfide is used and you can pick your medium but sodium works and is quite abundant.

https://www.sciencedirect.com/science/article/pii/S0378775300004365

https://news.psu.edu/story/515277/2...lectrolyte-may-find-use-solid-state-batteries

https://www.materialstoday.com/energy/news/sodium-lithium-allsolid-state-battery/

https://www.cell.com/chem/pdf/S2451-9294(18)30029-9.pdf

If you're only going to read one link the last one is the one you should read.

The batteries already exist.
 
Greenman said:
This is P&N. Has anyone ever checked themselves here?
The main problem is the herd splits differently on "visionary's". There isn't a defined and accepted agenda so we end up with outliers in every direction. Musk runs the scale from Messiah to scammer.
Personally, I think he's 20% Einstein and 80% P.T. Barnum.
Click to expand...

I'd say 90% Trumplike idiot who is trying to control a market he doesn't even have one percent of. Big words, no action.
 
Josephus312 said:
They don't, they have a huge lead in old battery technology which is why they are hellbent on not allowing anyone to use solid state electrolyte sodium batteries on the market. They are trying to buy the patent and ensure that no one gets to use it because such batteries would last 50-100 years without degradation while the investments in the slave labour lithium mines that Tesla owns is their key to success in the battery department.

It's a basic standard of big oil but this is big lithium and it's not turning out the way Musk had hoped which is why he's going off into the deep end of mental instability now and acting like an unmonitored version of Trump where he sends messages about child brides and pedophiles to buzzfeed when he has nothing to back it up.

It's getting kind of pathetic.

Volvo/Geely owns the patents on the sensor/recognition system that Tesla uses for autonomous driving.
Click to expand...

Stop spreading FUD, Tesla doesn't own lithium mines and a repeat of the the nickel metal hydride patent fiasco
http://www.ev1.org/chevron.htm ,

which was to protect oil companies and gas/diesel engine auto companies whose pollution and multi-trillion dollar oil wars along with the catastrophic human and environmental damage dwarfs any bullshit lithium mine slave labour lie you like to spread,

isn't happening today with countries like China who would ignore any monopolistic patent on magical sodium batteries.
 
If this becomes bizarre I want this post here:
EM wins against SEC.
US has to pay EM.
EM goes private and creates post-M3 car even cheaper and easier to mass produce. => Post-M3 enters the $10K group cars.
 
Doesn't look good for Elon. I'm guessing the SEC is aiming high hoping for a settlement, but if not and they win Tesla and Elon are going to be screwed.
 
Anybody stupid enough to invest in Tesla considering their current financial situation definitely deserves what’s coming to them.
 
Zorba said:
Doesn't look good for Elon. I'm guessing the SEC is aiming high hoping for a settlement, but if not and they win Tesla and Elon are going to be screwed.
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The SEC is asking for Musk to be permanently barred from acting as an officer of a publicly traded company.
 
Blackjack200 said:
The SEC is asking for Musk to be permanently barred from acting as an officer of a publicly traded company.
Click to expand...
Yeah, I know, that is what I was referring to. The SEC wins Elon is screwed. But the SEC might actually be hoping for a settlement that isn't as harsh. Either way, I think Elon and Tesla are going to be pretty hurt by it.
 
It's one thing to annoy some diver from nowhere, quite another to screw a lot of rich people out of their money. Nothing is going to make them angrier, and they've got the money and connections to vent that anger in a way that's really going to hurt.
 
I'm not totally surprised SEC is suing but I'm surprised how quickly the lawsuit was filed and the severity of the demand. SEC is throwing the book at Elon and going after him hard to make an example of him. It does not look good for Elon and Tesla. If the worst case comes true and Elon loses and is barred from serving as the CEO and chairman of Tesla, perhaps he can do what he did for the sale of flamethrowers for his The Boring Company. Just like Elon sold the flamethrowers as "Not a Flamethrower", perhaps he can still guide Tesla with CEO title of "Not a CEO."
 
Blackjack200 said:
The SEC is asking for Musk to be permanently barred from acting as an officer of a publicly traded company.
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Or be on the board of directors. And I have to imagine his investments are going to be scrutinized to hell and back.

It would likely have a timeframe applied (look at Holmes, got a 10 year ban for the massive fraud she pulled), so it might not be a TKO for Musk at Tesla/etc.

Zorba said:
Yeah, I know, that is what I was referring to. The SEC wins Elon is screwed. But the SEC might actually be hoping for a settlement that isn't as harsh. Either way, I think Elon and Tesla are going to be pretty hurt by it.
Click to expand...

The Wall Street Journal has an article saying there was a settlement offer but Musk bailed on it at the last minute.
https://www.wsj.com/articles/elon-musk-sued-by-the-sec-for-securities-fraud-1538079650

Here's a non-paywall article:
https://www.cnbc.com/2018/09/28/teslas-musk-pulled-plug-on-settlement-with-sec-at-last-minute.html

That would help explain why they're threatening to bring the hammer down so hard on him. If he ditched the settlement I can't imagine they'll offer a kind one again, so he could be looking at a pretty stiff punishment.

But hey, he's staying "true to himself", so have fun with that. At least it might free him up for the trial over calling that guy a pedophile.

ponyo said:
I'm not totally surprised SEC is suing but I'm surprised how quickly the lawsuit was filed and the severity of the demand. SEC is throwing the book at Elon and going after him hard to make an example of him. It does not look good for Elon and Tesla. If the worst case comes true and Elon loses and is barred from serving as the CEO and chairman of Tesla, perhaps he can do what he did for the sale of flamethrowers for his The Boring Company. Just like Elon sold the flamethrowers as "Not a Flamethrower", perhaps he can still guide Tesla with CEO title of "Not a CEO."
Click to expand...

Doubt he'd be able to get away with that, and anyone that helps enable it will likely not be having a great time either.
 
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