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Isn't that the definition of insider trading? Lock him up like Martha, she did way less and served time in a prison resort.
I need to look up how "insider trading" even works.
When you are the CEO, and you make decisions, and you own your own stock - wouldn't everything you ever do be with insider info? It is just honor system pinky-promise to act in good faith? I mean that sounds super effective.
At my workplace we are only allowed to sell stocks within certain windows, usually it's a brief period immediately after we publicly release earnings. I think for higher ups it's even more restrictive.
We had a 2 week window 2 or 3 days after earnings were released.
Edit: You could preschedule sales though like recurring once a month, but it wouldn't take effect immediately. I can't remember what the delay on that was, but it might have been starting after the next earnings?
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Felon Musk
That's only the 5th time he commits fraud. He has been at court several times because of his actions. It seems no one really wants to arrest him
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"Felonious Musk" might be a good nickname.
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Can we revoke his government contracts now?
Can we deport him now?
Dude, you can’t talk about deporting people back to Africa. Not cool.
No, that’s counterproductive because the government uses those services. Instead, the government could confiscate his stock in those companies.
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Martha Stewart this motherfucker.
This is bullshit. My EV ETF is not doing well and I'm losing my investment while this jagoff gets to sell his stocks ahead of the announcements and runs away with the money? Fuck that shit.
Shareholders should fucking sue if the government ain't gonna arrest him for insider trading.
I wish I knew money enough to actually understand your comment, but here we are, both hating Elon and wanting him dealt with. Its beautiful really.
An ETF is an investment fund made up of stocks from different companies. A fund based on electric vehicle market could include Tesla, Chevrolet, Toyota, Ford, Kia and various other companies building EV parts like BASF or Northvolt for batteries or chargers.
The fund could be composed of, say, 30% Tesla, 10% Chevrolet, 10% Kia, 5% Ford, etc.
You can invest in the fund by purchasing parts, which then give you a return based on how many parts you bought and the performance of the stocks in the fund.
Does that make sense?
If you're using the ETF as a long term investment and you believe EVs are key to our future then you shouldn't worry about this too much (unless the ETF is made up of mostly TSLA in which case I'd not be too happy).
You've not lost money until you take it out of your investment.
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Forgot the final bullet points
- US Government does jack shit in terms of legal ramifications for breaking law.
- Musk pledges to break US law once again.
That's called Insider Trading, and is supposed to be illegal.
America
its only illegal if youre dumb enough to not be paying judges and politicians. its not even a lot of money either like a couple thousand and theyll vouch for you
What a joyous year if we could get Trump and Elon in jail this year.. They could be roomies!
Neither of them are going to prison. Trump's judge explicitly said as much during his 10th contempt citation, and Musk has been pissing on the leg of the SEC for the last five years straight with no consequences.
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Lonnie wouldn't break investing rules. I trust him. He's a super genius and will save us all. Now let me go post racist bullshit on his everything app so people will think I'm cool.
He's a shithead. There will never be meaningful consequences. I hope he takes a rocket into space and never comes back.
I hope it does come back.
In a beautifully catastrophic arial display, of him and the others trying to escape, burning brilliantly on rentry.
"Nobody gets out alive - especially the billionaires" ~Jimbert Morrenstein
No, living on Mars will be terrible. I want him to get what he wants and be slowly poisoned while eating algae surrounded by people he hates in a small tin can buried in the ground.
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Used to be you pull this shit (insider trading) and be locked away for life. Times they 'r a changing, indeed.
I don't know about life. Martha Stewart got 5 months (and some house arrest and probation after that).
Insider trading seems to have been perfectly legal for the last few decades. Nothing will come of this or it would start setting precedent that we could use against our government leaders and other billionaires and federal judges. Not gonna happen.
When are Tesla shareholders going to wake up and understand that he's scamming them. You're all dupes and he's going to ride you to the last second and let you all burn.
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Punish him daddy
.... WHAT'S New in Capitalism......
🫠
So wait, is it OK to do INSIDER TRAIDING now?
Well not for me and you. I have worked for public traded companies before and they would announce blackout periods where we weren't able to sell. Since we worked inside the company and knew stuff the general public wouldn't.
Part of the many reasons why I won't do another 401k and instead use a Roth.
What does a Roth vs 401k have to do with any of this? I buy index funds in both accounts, nothing to do with company stock programs whatsoever.
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Couldn't you have posted a non-paywalled article so we don't have to discuss a headline?
CEOs have to announce they will sell in advance. But, I can't see if he did this because of what you posted.
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... and nothing will happen.
Oh NOOOOO! So you might point at this genius brain to tell us, he's just another fraudster? NOOOOoooooo! Who whould have thought? /s
Wouldn't that volume for sale appearing on the market decrease the price in and of itself?
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this post was submitted on 05 Jun 2024
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