[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 653 KB, 950x534, file.png [View same] [iqdb] [saucenao] [google]
11256917 No.11256917 [Reply] [Original]

>Musk was forced to step down as Tesla chairman within 45 days while remaining Tesla's CEO
brainlet here
what does this mean, still being the CEO but forced to step down as a chairman?

>> No.11257337

good time to buy TSLA after that massive drop

>> No.11257351
File: 4 KB, 321x87, September 7th 2018.png [View same] [iqdb] [saucenao] [google]
11257351

>> No.11257561

>>11257337
>>11257351
are you fucking bots?

>> No.11257592

>>11256917
Chairman of the board is like the president, and CEO is like the prime minster. Till now Elon has been both, like Adolf Hitler. Now he'll have to be just PM and install a puppet board chairman to do his bidding.

>> No.11257610

>>11257561
Your question was stupid and you could have just Googled it instead of waiting for people on /biz/ to answer you.

>> No.11257624

He loses the power to direct board-level discussions. Basically a slap on the wrist because his $420 tweet was actually funny

>> No.11257633

>>11256917

Nothing of significance. SEC just had to throw something else in there so it didn't look like they were just trying to get fine monies

>> No.11257659

>>11257633
I ALWAYS WONDER WHERE THE FINES GO. LIKE THE JEWS WHO ROBBED AMERICA HAD TO PAY BILLIONS IN FINES BUT THEY GOT BILLIONS Imore in bailouts. Are the SEC dudes getting envelopes of cash? Is it all catholics and jews at the SEC or real americans?

>> No.11257691

>>11256917
Elon is cooking the books and now it will be harder for him to do so.

>> No.11258209

>>11256917
All it means he wont be allowed to be acting like a fucking clown, tweeting shit that burns millions of the investors money. If you were a trader with a massive short on tesla on aug 8, or long on just before SEC announcment few days ago, you would understand the pain.

This motherfucker thinks he can play God and get rid of the shorts buy making up a straight lie and getting away with it.

And he feels justified beause he believes the shorts held Tesla back from manufacturing cars that are not defective straight out from the factory floor and delivering them on time as promised.

>> No.11259156

>>11258209
>t. some kike that lost a lot of money trying to fuck over the Space Force

>> No.11259166
File: 288 KB, 675x506, WhrwApX.png [View same] [iqdb] [saucenao] [google]
11259166

Tesla will be fine as long as they are in status above bmw, mercedes and audi. Also diesel is dying now totally in europe which makes only larger market for tesla in europe and china

>> No.11259264
File: 48 KB, 480x480, 36D5BD17-E567-4157-BA4E-9C8F19C9682C.jpg [View same] [iqdb] [saucenao] [google]
11259264

>>11259166
GRIFFITHHHHHHH

>> No.11259284

>>11257624
>lolz 420
It was a retarded joke and absolutely not worth getting sued for securities fraud. You have to be at least 18 to use this site, Zoomer.

>> No.11259299

>>11256917
>Pulling a steve jobs

if he is sacked completely watch him make Edison instead

>> No.11259343

It means he doesn't get to be on the committee that approves his own ideas. It's fine tho his brother is still there along with ex employees, and Elon will give the SEC their 20 mil in shit covered singles without breaking a financial sweat.

>> No.11259374

>>11259299
t. redditor

>> No.11259402

>>11256917
Chairman is the leader of the board. Meaning boss of the CEO.
Ceo is the boss in the company.

>> No.11260046

>>11257659
Goes to investors who suffered fiduciary losses from the event that triggered the suit.

>> No.11260293

>>11256917
Should take it private now

>> No.11260374
File: 56 KB, 699x485, 1494256458065.jpg [View same] [iqdb] [saucenao] [google]
11260374

>>11260293
>Hfw he takes TSLA private and restores himself as chairman

>> No.11260377
File: 113 KB, 1280x720, 1525760695603.jpg [View same] [iqdb] [saucenao] [google]
11260377

>>11257592
>tfw no matter what you achieve, you'll always get jew'd in the end

>> No.11260391

>>11260046
You mean when SEC crashed the stock by 14% and fucked over TSLA investors? Are they actually reimbursing the shorts that got liquidated after the tweet?

>> No.11260575

>>11259166
>Also diesel is dying now totally in europe which makes only larger market for tesla in europe and china
Doesn't that just mean real automotive manufacturers are going to switch their resources from creating diesel vehicles to creating electric vehicles? It seems diesel dying would create less opportunity for Tesla, not more.

>> No.11260584

>>11260293
>>11260374
He's not taking it private until next year.

>> No.11260621

>>11258209
cope, kek
also, daily reminder that the 15th anniversary of 4chan is on Oct 1, 2018, kek

>> No.11260652

>>11260391
Yeah, they probably should have waited longer than literally 1 minute after close to announce that shit.

>> No.11260690

>>11257337
The time to buy was Friday. I told you brainlets but you didnt listen.

>> No.11260727

>>11260652
I'll kek audibly when the Saudis use this to take Tesla private at $300, instead of $420, thanks to (((SEC))).

>> No.11260752

So what happens to the stock if it goes private?

>> No.11260771

>>11260752
it can only be traded OTC, not on an exchange

>> No.11261116

>>11260690
On Tuesday it was $300 and right now it is at $264