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Comment by jrockway | Hacker News Reader

Is it speaking your mind to tell your company's investors that you're taking your company private and financing is confirmed, when you're not taking your company private and no financing is confirmed? That's just plain lying.

Nobody is saying that Elon Musk can't talk about whatever he wants. The lawsuit is only that publicly-traded corporations can't mislead investors. I think that's fair.

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Bigger question for me is why does everyone take his tweet so seriously? Have you seen twitter? It's 99% meme's, over top joke's/comments, and people tweeting for lulz. Elon is using it exactly like how most people are.

I get it. He's super smart. CEO of huge companies. That doesn't mean he can't have fun, be goofy, and tweet for lulz.

He said “considering”. And funding secured just meant he had discussed it favorably with financiers.

"secured" has a very specific meaning. To pretend otherwise is disingenuous.

Not on twitter.

Billions of dollars worth of Tesla stock changed hands and a huge change in the price occurred because people weren't sure if Musk was serious or not about having funding. "It was just Twitter hahaha" is just willful denial of the fact that investors do indeed watch Musk's tweets for hints about Tesla's fortunes and often take what he writes very seriously.

I was not suggesting “twitter ha ha”. I meant “twitter where a 2 word phrase could mean something like: i think I can get the deal done based on conversations with my board and interested financiers”.

There were no "financiers" interested in paying a $70B+ enterprise value for Tesla when Musk sent his tweet.

It has a specific meaning if you are anti-Tesla. Otherwise, not. And definitely not on Twitter.

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