Anonymous ID: f8e566 Feb. 25, 2019, 10:45 p.m. No.5390586   🗄️.is 🔗kun   >>0683 >>0873 >>0922

Tesla Tumbles After SEC Asks Judge To Hold Musk In Contempt, Musk Responds By Calling SEC "Embarrassing"

 

Tesla shares closed down 3.6% after-hours following headlines from Bloomberg reporting that the SEC is asking a judge to hold CEO Elon Musk in contempt for violating the previously agreed deal requiring him to seek pre-approval from Tesla Inc. for social media posts and other written communication that would be material to the company or investors. (as set forth in a court order following the SEC's fraud lawsuit settlement from last year).

 

The SEC reportedly cited Musk's "inaccurate" tweet in February 2019 about production.

 

Tesla made 0 cars in 2011, but will make around 500k in 2019

— Elon Musk (@elonmusk) February 20, 2019

 

According to the SEC's complaint, on February 20, the SEC asked Musk and Tesla to confirm that his "guidance" Tweet had met the pre-approval conditions he agreed to in his settlement with the SEC. On February 22, about 48 hours after it broke that the company's general counsel was leaving, Tesla confirmed that Musk's Tweet had not been pre-approved.

 

The SEC reportedly cited Musk's "inaccurate" tweet in February 2019 about production.

 

Tesla made 0 cars in 2011, but will make around 500k in 2019

— Elon Musk (@elonmusk) February 20, 2019

 

According to the SEC's complaint, on February 20, the SEC asked Musk and Tesla to confirm that his "guidance" Tweet had met the pre-approval conditions he agreed to in his settlement with the SEC. On February 22, about 48 hours after it broke that the company's general counsel was leaving, Tesla confirmed that Musk's Tweet had not been pre-approved.

 

rest at link

 

https://www.zerohedge.com/news/2019-02-25/tsla-tumbles-after-sec-asks-judge-hold-musk-contempt

____

SEC going to fry him for lying about production capacity and delivery..hopefully

Anonymous ID: f8e566 Feb. 25, 2019, 10:51 p.m. No.5390645   🗄️.is 🔗kun   >>0683 >>0873 >>0922

On Friday The Debt Ceiling Returns, And The Treasury Runs Out Of Cash 6 Months Later

 

While president Trump may have postponed one of the two major events scheduled to hit this Friday, March 1, the second one is still set to proceed as scheduled: that's when the US debt limit suspension expires and the US debt ceiling will again return (incidentally the current debt ceiling was suspended when total debt was $1.5 trillion lower!), prompting Treasury Secretary Steven Mnuchin to draw upon extraordinary measures to keep the government within its statutory borrowing capacity for some time beyond March 1.

 

Which means that rates traders are wearily looking at the T-Bill curve to determine when analysts expect the Treasury to exhaust its extraordinary measures, at which point another debt ceiling crisis will become a very hot topic. And as the following chart of the infamous "kink" in bill yields shows, where the curve dislocation approximate the timing of the D-Date, the market believes that the US will run out of extenuating measures some time in the last week of August.

rest at link

https://www.zerohedge.com/news/2019-02-25/friday-debt-ceiling-returns-and-treasury-runs-out-cash-6-months-later

Anonymous ID: f8e566 Feb. 25, 2019, 11:19 p.m. No.5390895   🗄️.is 🔗kun   >>0911

 

>>5390873

tyb

when I use the canary in coal mine it is important economically speaking.

realize everyone does not follow this stuff but very soon this aspect of the overall plan will be front and center. expect it to get hot just after summit is over.