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1/ News from the Future! Chair Robyn Denholm announces she will step down from $tsla, new chairman will be 23-yo MBA from Leavey (Santa Clara U) who will take a leave of absence from Starbucks.
2/ But seriously. If there was any doubt $tsla has violated terms of SEC settlement, it’s gone now. Failure to return to court to ask for permanent bar of Elon Musk’s participation in publicly traded companies will signal that “too big to discipline” is SEC policy....
3/ With negative effects on US markets. True, it does continue convergence with Chinese practice. Though in China he might end up in prison or dead if he failed to comply with the leader’s wishes.
4/ Since regulators seem gutless, the inexorable decline in sales after insurance co’s say no, consumers hear about service disasters, and the dangerous lie that is Autopilot and the arrival of much more attractive options will make it impossible to hide the losses.
5/ Accounting trickery and fake sales, storage lots and junked cars held as inventory, continuous hype from paid social media influencers and shilling on CNBC won’t hide the collapse forever. “3 months maybe, 6 months definitely.” /end
