PlainSite Profile picture
Aug 20, 2019 9 tweets 4 min read Read on X
Walmart Inc. (f/k/a Wal-Mart Stores, Inc.) v. Tesla Energy Operations, Inc. (f/k/a SoalrCity Corporation): plainsite.org/dockets/40v40i… $TSLA
A picture is worth a thousand words... $TSLA
And sometimes a paragraph is worth millions of dollars. $TSLA
When in doubt, as @LoraKolodny first reported...tape!
@lorakolodny Yes, that's 492 counts against $TSLA by one of the largest corporations on Earth. No wonder Elon wants to take off for Mars, leaving behind his employees to raise $100 per solar customer in deposits.
Compare and contrast. $TSLA
$WMT also filed 128 sealed exhibits, you know, just for good measure.
Earlier today, instead of trying to fix the situation with $WMT, $TSLA's CEO was busy philosophizing on Mars in the style of a overconfident high school sophomore with a sci-fi book collection.

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with PlainSite

PlainSite Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @PlainSite

Jul 26, 2022
Let's talk about $TSLA's reported cash balances. First of all, they are very likely exaggerated relative to the average daily cash balances the company has on hand during the quarter. But even assuming they're real numbers, some thoughts.
Here's a not-so-helpful breakdown of $TSLA's cash from its last SEC Form 10-Q. It's not so helpful because it doesn't provide any geographic context for where this cash is actually held. It could be in the U.S., the Netherlands, Korea, China...anywhere.
$TSLA claims it had $18.9 billion cash-like-things on hand at the end of June 2022. That sounds pretty great. There are some issues, though. First, Elon admitted on the earnings call that Tesla had to "convert to fiat," i.e. sell, a whole lot of bitcoin for "liquidity." Huh. Why?
Read 13 tweets
Jul 25, 2022
Congratulations to the Ninth Circuit on making even the most basic form, Form 1, which every appellant has to file, more confusing than its prior version starting with the very first field.

"The District of...the Northern...District..."

Left: 2018 version
Right: 2022 version
"The District of...California, Northern?" No one ever says that. Why does this need to be so difficult?
This probably seems like a dumb tweet to some people. But this kind of thing is *exactly* why people end up hiring lawyers at $950 per hour: because the courts *could* make things easy with web-based forms and automation, but they make them confusing and infuriating.
Read 4 tweets
Jul 25, 2022
The mob has announced its intention to tell all yous why the used car industry don't matter for us no more, in a week or so. We're in the buyback business, you see. Stock buybacks. $CACC ir.creditacceptance.com/news-releases/…
Incredibly, the SEC completely disregarded everything in our $CACC report, even after several Attorneys General filed suit against the company based on it (and managed to pump up the stock even further by agreeing to weak settlements). Care to explain why, @GaryGensler?
After it became clear that the SEC wasn't going to do anything, "ratings agency" DBRS started deleting copies of its prior error-riddled assessments of $CACC's likely fraudulent Asset-Backed Securities. But that's no big deal, right @SEC_Enforcement?
Read 4 tweets
Jul 25, 2022
In $TSLA's 10-Q, the phrase "converting our holdings of digital assets into fiat currency" is intended to avoid a lawsuit from the SEC for contradicting Elon Musk's material tweets promising that Tesla would not sell its bitcoin holdings. It did.
1. Elon lied. He said Tesla wouldn't do something and then Tesla did it while he was in charge.

2. Elon committed perjury. He claimed under oath that he would never lie to shareholders. See 1.

3. Elon again violated his amended consent decree with the SEC. $TSLA
In addition, "we purchased and/or received an immaterial amount and $1.50 billion, respectively, of digital assets" is a fancy way of stating "basically no one purchased their cars or anything else with bitcoin or dogecoin" in legalese. $TSLA
Read 4 tweets
Jul 21, 2022
Omead Afshar has been running Tesla for years. Internal documents show that he was in fact the company's de facto CEO. The fact that he has been suddenly pushed out is...strange. $TSLA
Very few people get equal billing with Elon Musk, let alone in public. $TSLA
Omead was *very* well compensated for his time at $TSLA. So well compensated that he should have been disclosed to investors as a key executive. But his name never appeared as corporate management.

Like his predecessor Sam Teller, he knows basically all of Elon's secrets. $TSLA
Read 6 tweets
Jul 21, 2022
They spelled "CARTEL" wrong. $TSLA
Apparently the SpaceX Texas/Mexico border crossing just wasn't efficient enough. Also kind of dangerous with the exploding rockets. $TSLA
Read 6 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Don't want to be a Premium member but still want to support us?

Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us!

:(