/biz/ - Business & Finance

>Remember when Tesla Inc. Chief Executive Officer Elon Musk committed securities fraud by falsely claiming on Twitter that he had secured financing to take Tesla private? Remember how Musk and Tesla settled with the Securities and Exchange Commission by agreeing to pay fines and have Tesla lawyers review Musk’s tweets before he sent them out? Remember how Tesla hired a high-powered Washington litigator as its general counsel and Musk’s Twitter babysitter? Remember how Musk then said in a 60 Minutes interview that he and Tesla were absolutely not ever going to comply by the terms of the settlement that they had signed, that he does not respect the SEC, and that no lawyer would ever pre-clear his tweets? How’s that working out?

>Elon Musk corrected a prediction for how many cars Tesla Inc. would make in 2019, just hours after tweeting that production would reach about 500,000 vehicles this year.

>The electric-car pioneer, who has a track record of snafus on Twitter, said he intended to tweet that Tesla expects to be making cars at an annual rate of about 500,000 by the end of 2019. Musk said Tesla still forecasts deliveries of about 400,000 vehicles this year.

>“Meant to say annualized production rate at end of 2019 probably around 500k, ie 10k cars/week,” Musk tweeted, four hours after saying it would make 500,000 cars in 2019. “Deliveries for year still estimated to be about 400k.”

>Honestly, imagine being Tesla’s lawyer and waking up to this nonsense. I would quit! I am not alone; Tesla’s lawyer actually did quit this morning.

fucking based