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Financial pundit Quoth the Raven (Christopher Irons) of QTR Research talks finance and social commentary without the bullshit or long bias spin of the cable news networks.
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Friday Apr 13, 2018
Friday Apr 13, 2018
Elon Musk once again stopped his company's stock from breaching under the $300 level today by Tweeting last night - at 1AM PST and 4AM EST - that the company would be cash flow positive by Q3 or Q4 of this year. This comes in addition to his statements earlier this month that the company will not need a capital raise in 2018. If either of these statements turn out to be untrue, I explain why I believe regulators should go after Elon Musk and Tesla for misleading shareholders and the public.
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Comments (1)
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Always nice to waste some time with your podcasts. But have to disagree on your speculation that regulators will step in if Tesla fails to be cash flow positive Q3-4. Musk can simply plead ignorance or incompetence. But the failure to disclose and disseminate information in accordance with SEC rules, that’s a different story. The SEC should be all over this. If it wasn’t for the rigged system.. sigh..
Sunday Apr 15, 2018
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