Elon Musk just had a terrible week and it could easily get worse, fast by lopezlinette
And we know it will not just because the company itself has announced lower projections , but also because of the other pressing disaster in Tesla land right now — it is not selling enough cars.
It went on:"We have always felt that we should be able to work through any disagreements directly with the SEC, rather than prematurely rushing to court. Today, that is exactly what Judge Nathan instructed." The legal issues could get worse, fast. The nightmare scenario in the coming weeks is that the SEC and Musk's lawyers can't come to an agreement and Judge Nathan rules him in contempt.
"It's a catch-22," he told Business Insider."It would be better if Elon weren't making it harder for himself. As an investor there are some things you need to concede, and you need to concede the stability of a regular company." "Musk's lawyers must also be afraid of him. They can't control him," Spatt continued."I think there's a reasonable chance in the next two weeks that Musk and Tesla overplay their hand in negotiating with the SEC ... I think the SEC, by not trying to take him down, is giving a lot. But in effect Tesla has to comply with the prior settlement, no two ways about that.
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