PlainSite Profile picture
Jan 3, 2022 14 tweets 5 min read Read on X
We will be starting off 2022 with about 3,000 pages of $TSLA e-mails released by New York State which, when combined with other documents, prove that Tesla committed multiple types of fraud, lied to New York, and lied to investors.
Before posting the links, the most important context can be found in three separate documents.

The first is found in Greenspan v. Qazi et al, Document 149, Attachment 14, Page 4. That would be Panasonic's USDOL request for labor re-training assistance. plainsite.org/dockets/49sdnb….
The second is Tesla's Q4 2019 Update slide deck for investors. Note page 9, the bottom paragraph. tesla-cdn.thron.com/static/O7WXQA_…
The third is Tesla's Q1 2020 Update slide deck for investors. Again, note page 9, the bottom paragraph. tesla-cdn.thron.com/static/HZTKGL_…
Finally, to support investigative journalism on the largest companies in the country, please subscribe to PlainSite Pro. You'll get advance notification of documents like these going forward. plainsite.org/signup/index.h…
Without further ado...

New! Tesla New York State ESDC E-Mails Part I: plainsite.org/documents/38by…
New! Tesla New York State ESDC E-Mails Part II: plainsite.org/documents/38w3…
New! Tesla New York State ESDC E-Mails Part III: plainsite.org/documents/39g8…
Here is the most important document we have found in the ~3,000 pages. It's an e-mail from Tesla's lawyer in Washington, D.C., Joseph Mendelson, who managed the Buffalo relationship. In it, Mendelson lies repeatedly about Tesla's plans to grow manufacturing in Buffalo. Image
About a week later, Panasonic told the United States Department of Labor that it needed job re-training services for 376 of its Buffalo employees (whom Tesla would not be hiring) because Tesla had already decided to move manufacturing to China.

China isn't Buffalo. ImageImage
Just like Tesla never told CAEATFA about its plans to manufacture an increasing number of its vehicles in China, Tesla never told ESDC about its plans to outsource its solar manufacturing to China. But Elon fought hard and took CAEATFA's and ESDC's tax subsidies anyway.
Meanwhile, $TSLA told investors that it had met a new "milestone" at its empty, non-functional Buffalo factory, for which NY taxpayers were and still are picking up the tab to warehouse equipment.

They left out that part. But we have the receipts. plainsite.org/documents/32qm… Image
Some may recall that $TSLA donated "ventilators" to New York hospitals at the outset of the COVID-19 pandemic. Those donations were not just for PR purposes. They were also used in an application to convince ESDC to change contractual terms.

Lawyer's trick: use a slash. Image
We've already requested a copy of the audit, whose existence has not been previously reported. $TSLA Image

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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

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