Hacker News new | ask | show | jobs
by gamblor956 2879 days ago
If Elon's tweet is motivated by a desire to stick it to the shorts, and he does not in fact have funding lined up to take Tesla public, he could (probably would) face a massive stock manipulation lawsuit that would bankrupt him, in addition to any SEC settlements which would likely result in him being banned from holding an executive or board position in any publicly traded company.
1 comments

How do you know he doesn't have funding lined up? Usually, if Musk says something like this it's true. (And don't start with he has a history of underestimating deadlines etc., this is totally different)