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Merged Tesla (i.e. Musk) being naughty?

Worm said:
The reporting over here says that he came up with the $420 figure by taking the last trading price, adding a 20% premium - which came to $419, and then rounding up to $420 because 'he thought his girlfriend would find it funny'
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Here is the story in the Daily Fail as reposted by NineMSN...


Elon Musk tweeted that he was taking Tesla private and listing the share price at $420 because he thought his girlfriend would find it funny, it's claimed.


The Securities and Exchange Commission said the tech tycoon rounded the price up from $419 to $420 - the number associated with marijuana - to get a chuckle his then-partner, singer Grimes.
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https://www.msn.com/en-au/news/worl...laims-sec-fraud-lawsuit/ar-BBNETRx?li=AAgfIYZ
 
rjh01 said:
Correction, he is being sued by the Securities and Exchange Commission for fraud, not charged. Even if found 100% guilty he will not have a criminal conviction.

Edit. The headline does say charged. Underneath says sued.
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I think my use of the word "charged" is accurate, but could be wrong. I've googled "civil charges". Even so, you have a correct and important distinction.

This distinction may become more important given recent developments and the way this may unfold. Apparently a deal, or deals, had already been reached and declined by Tesla and/or Musk. Not clear to me that was a good move, might annoy someone to the point of pursuing criminal charges.

You are correct, the article does not describe a criminal charge.
 
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dudalb said:
SOme of the comments are textbook examples of a personality cult at work. The number of people who made the "Tony Stark In Real Life" comment was interesting. Surprise, Musk attracts the worship of a lot of comic book geeks who want to turn their fantasies into reality.
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Just to lighten the mood slightly: Elon Musk was actually in Iron Man 2. So was Larry Ellison, but no film is perfect.
 
jeremyp said:
Just to lighten the mood slightly: Elon Musk was actually in Iron Man 2. So was Larry Ellison, but no film is perfect.
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There is no measure by which Iron Man 2 is perfect. It is at best aggressively average.
 
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