Elon Musk's tweets violated court orders

[stompix]

This was my dilemma. If it's basically old news, why they were published now? Were the journalists so much out of better topics or is there an intention somewhere for this story?
And that's why I thought that maybe it's supposed to be a warning from somebody powerful and annoyed by these tweets.
Or maybe I'm overthinking it 

Yeah, way too much overthinking!
If that entity or person was that powerful he would have relayed a message through different channels not leaving a trace that would have linked him to that journalist, really powerful people are not stupid when they want to stay hidden, we're not talking about the usual puppet show they do for the masses.
The WSJ just reached to the SEC to ask if they have indeed taken action against him, and the SEC responded, we've done this and that and we haven't actually done anything. Articles like these won't scare Musk at all, especially since they tell what he knows, that there isn't much they can do about it.

LOL! Maybe only indirectly for crypto, but indeed, the focus will be on TSLA shares and such.

Does he look like the guy concerned about the price of Tesla's shares?
Common, the guy is pure troll material, he would rather see the stocks fall to 1% than shutting up!

As for the herd, I think that the same 1% applies here, with less than that actually owning a tesla or tesla shares, and if the herd wants to follow him, that's their choice, if the herd proves too powerful and numerous and dumb it means the world is fucked up and we're going to have to deal with it.

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[Nhazwrath]

Since the crypto markets are unregulated the Sec and his lawyers shouldn't have any say.   case tossed.

And do you really think that the USA gov would allow a National Strategic Asset like Elon Musk who puts more rockets in to orbit then the rest of the planet combined to fail? or even be censored much?

[datguyian]

Since the crypto markets are unregulated the Sec and his lawyers shouldn't have any say.   case tossed.

And do you really think that the USA gov would allow a National Strategic Asset like Elon Musk who puts more rockets in to orbit then the rest of the planet combined to fail? or even be censored much?

My thoughts! Elon Musk is too big too fail. If Tesla now starts mass producing cars, builds its plants around the world (Germany, I think Australia for batteries), the US gov wouldn't intervene. There was a situation where Silicon Valley was threatening to leave and all discussions (not sure what the case was) quickly died down.

[kolonel_x]

should there be such a severe penalty just for tweeting? I don't think Elon Musk wouldn't easily accept a report that would destroy his credibility in the eyes of the world just because of a tweet issue. As for the impact of his tweet, isn't the follower executing?

Despite the truth and ambiguity of the news, I am still in no mood to comment further. because I'm not the one to judge something without final proof.

[titular]

If Musk gets punished for his tweets, that would be fair. Because it was obvious market manipulation. Attempts to hide behind a humorous presentation or illness, as was often presented in articles about him, are all methods to evade responsibility for manipulation and speculative actions with both Bitcoin and DOGE.

Only when Musk moved the market up, there were no complaints about him. As soon as the market crashed and devalued bitcoin by almost 50%, apparently someone felt that Musk should now be responsible for his tweets, as this led to someone highly influential in the loss of his funds.

Which is why I am note entirely a big fan of this double standard. This shouldn't only be an issue when it is going our way.

[jossiel]

This makes me remember about John McAfee's the same attitude during the 2017 bull run. Well, for sure that there's really someone has to pay with all of this. At first it's the people that had paid him well because for sure that he did his thing during those hypes.

But this time, I think that he's going to lie-low for a while or he'll show that no one can stop him manipulating the market but I agree on this as well:

But seriously, we wouldn't need the SEC to go after him if only people in general stopped impulsively making trading decisions off his Tweets.

[baeva]

I always thought Elon was a real clown, I don't like him. A man who has a lawyer's education and went to business school suddenly climbed into space and makes electric cars. No... it's just a pawn in such companies, it's a man of "marketing" who's already clearly crazy and likes to manipulate the market to entertain himself and people. Moreover, it is still unclear whether he has sold bitcoins that belong to Tesla or not

[seoincorporation]

...

I guess that sooner or later somebody will have to pay for his big mouth. Again.

Some weeks ago I created a thread about Tesla and market manipulation, and looks like it will become a serious topic. The way that he managed his social networks has a big influence on the markets, and that kind of manipulation is totally illegal. Now we will see the consequences of his acts.

If Trump tweets affects a nation I think a tweet who affect the markets is more dangerous. Maybe Musk gets his accounts closed just like the SN did with Trump. Let's see what happens.

[TopTort777]

I hope Tesla or Musk is punished for what he said. it is very clear that his tweets are influencing the market. Even though at first it looks like jokes, but what he does continuously is already very influential. He created hype and simultaneously spread FUD. can't this just be silenced, there must be action so that he can keep his mouth shut.

Are you blaming Elon Musk for cryptocurrency price drop? You are funny. Google China and Bitcoin news and read what they did 1-2 weeks ago.
He did not create hype and fud. He just wrote a tweet and greedy people have created fud.
Why Tesla should be punished? They are already getting punished with their investment cost less than they invested. You think Musk makes his company worse on purpose?

[Republikcoin.com]

Musk's punishment has not been commensurate with what the public feels for his actions. People like him, will not feel a loss if they only lose $100 million, unlike people who have bought DOGE because of FOMO, they have a bigger loss because the total assets they have are not as big as Musk's assets.

Imagine this happening to everyone who is in cryptocurrency, isn't this a crime of robbing in a more elegant way? And we all agreed it was a breach by Musk.

Why Tesla should be punished? They are already getting punished with their investment cost less than they invested.

[mk4]

That's pretty unfair don't you think that whenever our interests are good, we want SEC out of our hair but then when it's a big fish trying to do the same thing that we do which is doing what's best for their interest, we want SEC to help us?

As far as I know, the people aren't asking for a total involvement removal of the SEC. It's just that the SEC shouldn't be restricting innovation(as with Bitcoin and cryptocurrencies), not necessarily that the SEC should also leave pump and dumps run freely.

[Ararbermas]

Elon is taking people's money with his tweets. I think this should be considered a crime. As manipulation should be a crime. I hope someone gives Elon the punishment he deserves.

if its  possible that someone can give him a punishment for what he have done on the crypto market.. For sure most of those ppl who lost money will be happy.. But the question here "is that possible?".. Because you know there's a bunch of whales and took a lot of money before elon's exist on this world that full of opportunity, but ever since before i don't see a news that there's are some of the whales received a punishment because of how the way they took money in the market like elon's and always a lot ppl lost money as well..

[pooya87]

But Musk is as much to blame as the crowd that followed him. He is guilty of using his status and position to derive his own benefit by manipulating the market. The crowd is to blame for trusting his judgments and not thinking with their own head. For this they paid with their own money.

That is very true but the actual blame is still on the person who broke the law, the same law that dictates market manipulation is illegal and is punishable by law. You still can't blame people who fell for the manipulation, you blame and prosecute the manipulator.
Keep in mind that things like this is not "people trusting FUD and panic selling" it is about market manipulators that find an opportunity (the FUD) and start manipulating the market, for example dump big amounts on different major exchanges to push the price down artificially and cause panic. Otherwise a tweet alone will never affect the price ever. Then newbies who fell for the FUD see the downtrend and follow it by selling at a loss and making the drop bigger.

[baeva]

Elon tweets again mentioning bitcoin. With a bad mention. Does anyone else doubt that the man is fucked? He probably has bipolar disorder, he sometimes has a beneficial effect, now a negative, stupid man... but I was pleased that Justin Sun commented  the situation that he would buy up all the bitcoins that the Elon would sell

[oemar bakrie]

only big people and influential rich people are free to express their ideas..maybe Elon will be safe and nothing will happen because many people follow him..

[Renampun]

Initially though the tweet of Elon Musk is considered trolling, but when he touches serious subject like the effect of bitcoin's consumption or the energy it needed and then the impact of it in the market, I think someone needs to step up and tell Musk to shut the f**k up.

Or maybe twitter itself should ban Musk already, like what they did to Trump so that their platform won't be used by Elon to his advantage.

I really support if this happens but twitter until now has not done that...

Elon angered a lot of people with his tweets that manipulated the market, a lot of people lost money. worries in the market won't go away if Elon's Twitter account isn't banned.

[DatKing]

Finally someone has heard our voice.    I hope that SEC could do something about this problem for real. He is really getting on my nerves. He did his manipulation again last night. Someone must put an end to this.

[Coyster]

Finally someone has heard our voice.    I hope that SEC could do something about this problem for real. He is really getting on my nerves. He did his manipulation again last night. Someone must put an end to this.

The thing is just that there are quite a lot of people who don't do their research and do not also believe in the network, this are the sort of people that are moved to action when Elon or any other prominent individual makes a tweet or comment about Bitcoin, thus imo, it's not really that much of a big problem for users who understand the network and know quite well that such manipulations can only be sustained for the short term. If people really want to be part of the network, then understanding it's tenets is a must, the SEC can't bring this type of manipulation to a complete end, it's the individuals in the network who can.