Tesla Is Facing U.S. Criminal Probe Over Elon Musk Statements

krelithous

Well-Known Member
Supporter
Bloomberg - Are you a robot?

When the head of a company starts giving out false information, to build the value of their stock, it is in violation of laws on Publicly owned companies. Usually done, when the head of the company sees a problem in the future which will drive down the value of stock, and they issue false statements to boost the company value. Kind of like was done in the article.

This can cause enough problems to put a company clear out of business, as the stock falls considerably in price. Lowers their availability of credit which they all rely on to operate.

If company is not in trouble of some kind, why was the head of Tesla making such a statement as he did. In fact it has been done in company after company over the years, to keep them from having a rush on their stock and driving value down, down, and going under.

One has to wonder what the true financial condition of Tesla is.
 

Nomad1

Well-Known Member
Bloomberg - Are you a robot?

When the head of a company starts giving out false information, to build the value of their stock, it is in violation of laws on Publicly owned companies. Usually done, when the head of the company sees a problem in the future which will drive down the value of stock, and they issue false statements to boost the company value. Kind of like was done in the article.

This can cause enough problems to put a company clear out of business, as the stock falls considerably in price. Lowers their availability of credit which they all rely on to operate.

If company is not in trouble of some kind, why was the head of Tesla making such a statement as he did. In fact it has been done in company after company over the years, to keep them from having a rush on their stock and driving value down, down, and going under.

One has to wonder what the true financial condition of Tesla is.
I've been saying he is a con man for years. Everyone just keeps drinking his kool-aid though.
 
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