May play a role but the SEC has been useless for decades my friend. They missed Madoff with all the evidence right in front of them, they let over the counter derivatives go wild in the years leading up to 2008, they’ve let tesla and Elon musk make a mockery of financial markets with blatant fraud (dating even pre trump), they’ve lot Chinese companies be publicly traded despite their awful track record of fraud and different auditing and accounting standards and it goes on. They’ve always been a joke.

Yep. It’s pretty crazy these guys weren’t sued by the SEC over a year and a half ago. Pretty sad. I remember thinking in mid 2020 “these guys will be in jail for securities fraud soon”. I was a little ambitious on the “soon” but rest panned out.

Exactly. I don’t get how people don’t seem to realize that hyping vaporware is literally the textbook definition of securities fraud.

I’ve seen crazier. No one would have thought Enron, lehmen, wirecard and so many more would go bust before they did. Things happen quickly. Not too many companies out there have a fucking army of short sellers calling for their demise. It raises the question of why would they just target Tesla so aggressively and not apple or Google and other major companies? You think they just hate the company? I have a feeling it’s from more than a valuation perspective too.

True. They’ve done terrible stuff and nothings happened. People have been sounding the alarm at accounting red flags, blatant fraud surrounding things like solar city, products never coming to fruition (cybertuck, roadster, robi taxis and the list goes on) outlandish claims made by musk and worker retaliation, racism at Tesla and the list goes on. Nothings happened. Why would it happen now?

People have been saying this for years. SEC has been asleep behind the wheel. Can’t wait for this company to go bankrupt