Economist Nouriel Roubini is accusing Elon Musk of market manipulation and stating that the SEC (U.S. Securities and Exchange Commission) should investigate.
The basis of Roubini's accusations stems from Elon Musk's tweets. Roubini accuses Elon of using his Twitter platform to pump up the price.
"For somebody like Elon Musk, who knows he has the market impact to manipulate, first take an individual position in Bitcoin, pump the price up, and then say that Tesla has invested."
"And Tesla doesn't make any money yet, it's also irresponsible, and it's market manipulation. The SEC should be looking into people that have a market impact, and that manipulate the price of assets. That's also criminal behavior"
Commenting on @Tesla's $1.5 billion bitcoin buy on #CDTV First Mover this morning, @Nouriel said it's "criminal behavior" for Elon Musk to take an individual stance on bitcoin to pump up the price before announcing Tesla's investment."Talk about a criminal enterprise." pic.twitter.com/aSHPX5ayHM— CoinDesk (@CoinDesk) February 10, 2021
― lag∞n, Tuesday, 18 May 2021 00:20 (two years ago) link
unlikely hes manipulating tesla stock but hes very obviously manipulating crypto
― lag∞n, Tuesday, 18 May 2021 00:21 (two years ago) link
xps buying cheap stock in the dip?
here's what I understand about it. first, cryptocurrency markets are not regulated afaik and there are no cryptocurrency stocks to directly speculate in, just the currency itself. however, i've seen that tesla's reported profits have been strongly tied to their acceptance of cryptocurrency in sales transactions. tesla can then choose when and how they liquidate their crypto holdings into dollars in those unregulated markets, so if they (through musk) are manipulating those markets, they could easily maximize their resulting profits. seems like speculators could also be using tesla stock as a proxy to speculate in what amounts to a rigged cryptocurrency market.
I think the SEC can't do a thing about it, as long as tesla accurately discloses its reliance on cryptocurrency as part of their source of profits.
― sharpening the contraindications (Aimless), Tuesday, 18 May 2021 00:26 (two years ago) link
tesla bought a bunch of bitcoin, and musk has been personally messing with doge, kinda doubt too much of their sales are in bitcoin
― lag∞n, Tuesday, 18 May 2021 00:28 (two years ago) link
so tesla's directly speculating in an unregulated market. cool.
― sharpening the contraindications (Aimless), Tuesday, 18 May 2021 00:29 (two years ago) link
im no big city lawyer, i dont really know what meets the criteria of market manipulation, but def seems like theres some fishy stuff going on
― lag∞n, Tuesday, 18 May 2021 00:31 (two years ago) link
Did I post this or did I dream that I did? Anyway it’s goodhttps://www.cnbc.com/2021/05/17/michael-burry-of-the-big-short-reveals-a-530-million-bet-against-tesla.html
― 𝔠𝔞𝔢𝔨 (caek), Tuesday, 18 May 2021 01:45 (two years ago) link
Yeah sorry stock was the wrong word, its currency trading. I dont think I actually realised it wasnt public trading, either.
― Stoop Crone (Trayce), Tuesday, 18 May 2021 01:58 (two years ago) link
thats a lotta puts baby xp
― lag∞n, Tuesday, 18 May 2021 02:06 (two years ago) link
*pushes up glasses* it's actually $500m NOTIONAL value. He didn't put up $500m.
― longtime caller, first time listener (man alive), Tuesday, 18 May 2021 02:09 (two years ago) link
Also afaict there is little if any regulatory/legal mechanism to prevent crypto manipulation.
― longtime caller, first time listener (man alive), Tuesday, 18 May 2021 02:12 (two years ago) link
Yeah, that's the point, it's outside those stuffy things like LAWS, maaaaaaan
― Tsar Bombadil (James Morrison), Tuesday, 18 May 2021 08:41 (two years ago) link
guys cmon be serious just because something is a crypto currency doesnt mean its outside the reach of long arm of the law, they dont have to like formally add each new asset class that comes along to the law books lol, the sec and other government agencies are happy to regulate anything people buy and sell, for instance theres been tons of investigations and prosecution/fining of crypto companies going on the whole time, now that doesnt mean that the crypto ecosystem isnt difficult to regulate due to its lack of transparency and surfeit of scammers at every level cause obvs it is, but my understanding is the government a while ago decided to treat crypto like securities and proceeded accordingly
― lag∞n, Tuesday, 18 May 2021 10:25 (two years ago) link
and of course they could bring new laws/resources online to deal with the specifics of crypto which its kind of surprising they havent already, special new crime tools been out there for years lol
― lag∞n, Tuesday, 18 May 2021 10:28 (two years ago) link
not quite as easy to move as the price of doge coin
Giga Berlin suppliers please accelerate!— Elon Musk (@elonmusk) May 18, 2021
― lag∞n, Tuesday, 18 May 2021 11:53 (two years ago) link
I mean yeah you can't like hide all your assets in bitcorn while you're going through a divorce and it's still illegal to scam people but I don't think market manipulation stuff is against the law, it's kind of the one thing bitcoins are really good for
― frogbs, Tuesday, 18 May 2021 13:10 (two years ago) link
it most certainly is against the law to manipulate the markets... whatever that means
― lag∞n, Tuesday, 18 May 2021 13:15 (two years ago) link
Tell that to the farmers in my town! Every third Saturday, what the hell is that?
― pplains, Tuesday, 18 May 2021 13:42 (two years ago) link
i will tell them
― lag∞n, Tuesday, 18 May 2021 14:23 (two years ago) link
Thanks to @YIMBY_Princeton for inspiring me to check in on the Tesla forums, this Model Y trim discoloration (apparently caused by touchless car washes) is another classic. https://t.co/HhAaqK4U8l pic.twitter.com/zHbN7eij3k— E.W. Niedermeyer (@Tweetermeyer) May 18, 2021
― lag∞n, Tuesday, 18 May 2021 15:06 (two years ago) link
$TSLA - @elonmusk, you need to get to precision within inches first before you even attempt centimeters.#bitcoin #BTC https://t.co/duPnkKBeqs pic.twitter.com/WZyHzO6dHC— phoenix10 (smartish) (@phoennix10) May 18, 2021
― lag∞n, Tuesday, 18 May 2021 15:08 (two years ago) link
https://i.imgur.com/Hn04JBH.png
― lag∞n, Tuesday, 1 June 2021 14:35 (two years ago) link
how many other value analysts do you think there are?
― plax (ico), Wednesday, 2 June 2021 11:38 (two years ago) link
I already answered your question.
― Neil S, Wednesday, 2 June 2021 14:16 (two years ago) link
The author posted this video in the comments. It's a truck full of traffic lights. pic.twitter.com/h2LwyL65ck— FSD in 6 months (@FSD_in_6m) June 2, 2021
― lag∞n, Thursday, 3 June 2021 20:08 (two years ago) link
"President Musk says his invasion of Iran is justified, as their leader is hiding a secret program to develop trucks full of traffic lights"
― bogo jumbo junbi boba (Sufjan Grafton), Thursday, 3 June 2021 20:38 (two years ago) link
At least they weren't driving behind this dude:
https://i.pinimg.com/originals/be/80/ab/be80ab95c0cfe1630be6c520ccaadf67.png
― Josh in Chicago, Thursday, 3 June 2021 20:51 (two years ago) link
Karl please replace the stoplights in that video with little icons of Doof Warriors.
― DJI, Thursday, 3 June 2021 21:00 (two years ago) link
I have to say, there's an amazingly huge difference between how these cars look when they drive by you (sleek, great!) and how they look/feel when you sit in them (plasticky, cheap)
― Guayaquil (eephus!), Thursday, 3 June 2021 21:01 (two years ago) link
i think lag000n comparing the model 3 to a nissan was about right.
― 𝔠𝔞𝔢𝔨 (caek), Thursday, 3 June 2021 21:15 (two years ago) link
I actually had a long conversation with a Tesla-owning acquaintance over the weekend, and he loves his car. If there's any real criticism he has, or at least conceded, it's that the car components are indeed pretty cheap compared to similarly priced luxury cars. There were one or two other little things that bugged him, too, but he was otherwise really positive about the last year and a half of Tesla ownership. I still think that the biggest game changers are not the design/car, per se, but features that could be implemented by competitors for a lower price some time in the near future. He said he felt comfortable being part of what he considers an experiment. He professed not to be a Musk sycophant, fwiw, but he thinks the guy is a Jobs like genius. Which I guess tracks, as Jobs was an asshole weirdo, too.
― Josh in Chicago, Thursday, 3 June 2021 21:20 (two years ago) link
please don't mock my former upstairs neighbour
― bobo honkin' slobo babe (sic), Thursday, 3 June 2021 21:23 (two years ago) link
dang xpost, Steve Jobs did not live above me
― bobo honkin' slobo babe (sic), Thursday, 3 June 2021 21:24 (two years ago) link
Now into CumRocket coins
― Joe Bombin (milo z), Saturday, 5 June 2021 14:43 (two years ago) link
He professed not to be a Musk sycophant, fwiw, but he thinks the guy is a Jobs like genius
hopefully musk has similar thoughts on personal health care
― intern at pelican brief consulting (Simon H.), Saturday, 5 June 2021 14:58 (two years ago) link
Now we have No Jobs, No Hope, and No Musk
― eisimpleir (crüt), Saturday, 5 June 2021 15:20 (two years ago) link
Don't get me wrong, I could easily see myself buying a car from Tesla, and I don't think Elon Musk is some kind of genius, I just think the engineers who designed the car are by most accounts good at designing functional cars and it has features that appeal to me enough that the "look and feel" deficits don't bother me too much (if they did, I wouldn't be driving a beater now)
― Guayaquil (eephus!), Monday, 7 June 2021 20:18 (two years ago) link
what about being locked inside a burning car because the locks stop working? that seems like kind of a dealbreaker to me idk
― sleeve, Monday, 7 June 2021 20:22 (two years ago) link
tbf, you could accomplish this in any car by engaging child safety locks, getting in the front and starting the car, putting a brick on the gas pedal, and hopping in the back
― butyrate humbucker bobbins (Sufjan Grafton), Monday, 7 June 2021 20:27 (two years ago) link
maybe you can't even open a tesla's rear doors by opening the window and using the exterior handle, though
― butyrate humbucker bobbins (Sufjan Grafton), Monday, 7 June 2021 20:28 (two years ago) link
yeah I think Teslas are for the most part good cars, but I'm not sure what if anything Elon has to do with that, virtually every idea he's ever had for Tesla has either never came to fruition or has been incredibly dumb
― frogbs, Monday, 7 June 2021 20:35 (two years ago) link
He once had an idea that Tesla's stock price should be higher -- that sure came to fruition.
― butyrate humbucker bobbins (Sufjan Grafton), Monday, 7 June 2021 20:52 (two years ago) link
I used to have this same issue about cars with no manual window handles -- what if my car went underwater and the electricity shorted out and I couldn't get out? I dunno, I have come to feel that things like my car catching fire or plunging into a lake are highly highly highly unlikely, much more so than other accidental deaths I might suffer, and if that's the way I go, that's the way I go, it's just not a big enough sliver of probability to affect my car purchase.
― Guayaquil (eephus!), Monday, 7 June 2021 21:03 (two years ago) link
I just think the engineers who designed the car are by most accounts good at designing functional cars
― Guayaquil (eephus!), Monday, June 7, 2021 4:18 PM (one hour ago) bookmarkflaglink
they are by the measure of average number of defects exceptionally bad cars fwiw, idk if thats the engineers fault tho
― lag∞n, Monday, 7 June 2021 21:27 (two years ago) link
Guayaquil (eephus!) at 4:03 7 Jun 21what about being locked inside a burning car because the locks stop working? that seems like kind of a dealbreaker to me idkI used to have this same issue about cars with no manual window handles -- what if my car went underwater and the electricity shorted out and I couldn't get out? I dunno, I have come to feel that things like my car catching fire or plunging into a lake are highly highly highly unlikely, much more so than other accidental deaths I might suffer, and if that's the way I go, that's the way I go, it's just not a big enough sliver of probability to affect my car purchase.probably worth noting that Teslas catching on fire is incredibly common compared to other vehicles
― Blues Guitar Solo Heatmap (Free Download) (upper mississippi sh@kedown), Monday, 7 June 2021 21:36 (two years ago) link
probably worth noting that Teslas catching on fire is incredibly common compared to other vehicles― Blues Guitar Solo Heatmap (Free Download) (upper mississippi sh@kedown), Monday, June 7, 2021 2:36 PM (eight minutes ago) bookmarkflaglink
― Blues Guitar Solo Heatmap (Free Download) (upper mississippi sh@kedown), Monday, June 7, 2021 2:36 PM (eight minutes ago) bookmarkflaglink
this isn't backed up by any data I've seen
― butyrate humbucker bobbins (Sufjan Grafton), Monday, 7 June 2021 21:49 (two years ago) link
yeah tbf i don't think that's true. they share the same danger as all EVs: if a fire starts it's incredibly hard to put out.
― 𝔠𝔞𝔢𝔨 (caek), Monday, 7 June 2021 21:52 (two years ago) link
key difference seems to be how hard it is to *get* out
― Bobo Honk, real name, no gimmicks (Doctor Casino), Monday, 7 June 2021 22:14 (two years ago) link
^^^
― sleeve, Tuesday, 8 June 2021 03:31 (two years ago) link
also:
― lag∞n, Monday, June 7, 2021 2:27 PM (six hours ago)
― sleeve, Tuesday, 8 June 2021 03:33 (two years ago) link