WELCOME
to the house of Harry Plopper
"I was able to work the way I wanted during
"I was able to work the way I wanted during this process, but as an investor, I have to live with the consequences," Musk said in a statement Monday morning. "I had a very difficult experience with a company that I believe is not up to the high standards, and I am committed to moving forward from this."
Musk's legal troubles have prompted some investors to weigh in, with investors noting that Musk's settlement could bring some additional liquidity to his company. But the SEC has said that it won't pursue any further investigations into Musk's finances or his alleged involvement with the Saudi fund.
"I think that's going to be a short-lived investment for me," said Warren Buffett, who purchased Tesla shares last year. "This is a little bit of a bubble of a company and not much of a situation. I'm sure it will go away in a little bit, but I'm also extremely pessimistic about what's going to happen."
The SEC's case with Tesla has raised questions about potential conflicts of interest in the future. The SEC's rules say that anyone who is "interested in a business relationship with a private entity or an entity engaged in a business relationship with a public entity is subject to disclosure." While that rule doesn't explicitly mention publicly traded companies, an SEC spokesman said the agency has not yet considered the case of Elon Musk.
Musk's lawsuit stems from his $420 per share deal with his father, according to Bloomberg News. Musk has claimed to be able to raise more than $90 million in his first year of investing, Bloomberg reported. Tesla shares fell 1.3 percent Friday, but the stock market went up by around 5 percent after Musk's tweet, according to Bloomberg.Bartolo Colon is a young, smart, and funny young man. He's been playing basketball with the Lakers since the late 1990s. He's gotten into the NBA draft, but only now has the opportunity to get into the NBA and play in a game, so he's on the shelf as a free agent at a young age.
The Lakers are at their most curious and exciting when they take a player who is young, but at this moment in time he seems like the best player on the planet.
Comment an article