Green Energy Revolution Megathread

[Barrister]

10 quatloos he beats the rap.

I'll take that bet.

I predict he'll ultimately come down to some kind of plea bargain, but to beat the charge entirely?  No chance.

[HVC]

Tesla stock down 14%

[jimmy olsen]

So no one cares that the Trump administration is now arguing that Climate change is so real and terrible we might as well do nothing.

[Admiral Yi]

I'll take that bet.

I predict he'll ultimately come down to some kind of plea bargain, but to beat the charge entirely?  No chance.

Token fine + inadmission of guilt + Elon is still CEO I win.  Deal?

[dps]

So no one cares that the Trump administration is now arguing that Climate change is so real and terrible we might as well do nothing.

If Trump is saying that climate change is real, it must be a hoax.

[Valmy]

So no one cares that the Trump administration is now arguing that Climate change is so real and terrible we might as well do nothing.

I don't understand the logic. If it is real then we need to slow it down even if it is too late not to stop huge changes from happening. And it is possible we can develop technology to absorb CO2 from the atmosphere, so if he actually thinks this that would be a good investment.

[OttoVonBismarck]

Musk agrees to settle with SEC, pays $20m fine and is forced to resign as Tesla Chairman. Remains as CEO (he can run for chairman again in 3 years.)

[Barrister]

10 quatloos he beats the rap.

I'll take that bet.

I predict he'll ultimately come down to some kind of plea bargain, but to beat the charge entirely?  No chance.

I'll be expecting those quatloos Yi.

[Barrister]

I'll take that bet.

I predict he'll ultimately come down to some kind of plea bargain, but to beat the charge entirely?  No chance.

Token fine + inadmission of guilt + Elon is still CEO I win.  Deal?

I missed this.  $20 mil is hardly token.  I haven't seen anything about "admission of guilt", but it's heavily implied.  Musk is still CEO, but removal as Chairman and two independent directors are a significant brake.

Still looking for those quatloos.

[Admiral Yi]

I think Biscuit was making a prediction.  They're not going to announce a settlement this quick, and not on Saturday.

[Barrister]

I think Biscuit was making a prediction.  They're not going to announce a settlement this quick, and not on Saturday.

Sorry to say but yet again you are wrong.

https://money.cnn.com/2018/09/29/technology/business/elon-musk-tesla-sec-settlement/index.html

I do note that in this article Musk does not admit wrongdoing... but I still think you owe me those quatloos.

[OttoVonBismarck]

I'd agree you can't call $20m personal fine "token", that's a real fine even for a billionaire.

Interestingly SEC has also fined Tesla Corporation $20m, from what I can tell this is for "lack of oversight of Elon Musk's behavior."  They also agreed to appoint two more "independent" directors to the board which means Elon will be a little more "overseen" than he is now. It's still basically his company, I feel like the SEC wasn't out to crucify him but more make him understand once he went public with Tesla he entered a world that has rules he needs to start following.

[Admiral Yi]

I missed this.  $20 mil is hardly token.  I haven't seen anything about "admission of guilt", but it's heavily implied.  Musk is still CEO, but removal as Chairman and two independent directors are a significant brake.

Still looking for those quatloos.

Ooh, I don't know bro.  $20 million looks pretty tiny when the original charge was rigging the market.  And he certainly hasn't said "yes, I totally lied in order to fuck over short sellers."

[Admiral Yi]

Tesla up 17% today.

[Barrister]

I missed this.  $20 mil is hardly token.  I haven't seen anything about "admission of guilt", but it's heavily implied.  Musk is still CEO, but removal as Chairman and two independent directors are a significant brake.

Still looking for those quatloos.

Ooh, I don't know bro.  $20 million looks pretty tiny when the original charge was rigging the market.  And he certainly hasn't said "yes, I totally lied in order to fuck over short sellers."

Welsher.