this post was submitted on 13 Oct 2025
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Electric Vehicles
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At what point does this become securities fraud? Stock price manipulation by using obscene concentrations of wealth to prop up sibling companies?
With the same move they are also defrauding investors at those companies.
That's why he moved the companies to Texas from Delaware, because even though Delaware is ridiculously business friendly, they'll actually defend shareholders' rights there.
except deleware also deliver swift justice through the courts when things like these happens, which is why they move to texas.
Well yeah, that makes it business friendly. No corporation likes to be tied up in court for ages. Texas has just been trying to pass Delaware in a race to bottom of which state is the most business friendly (and thus anti-consumer, anti-environment, etc).
They didn't move from Delaware, they moved from California...?
Tesla was incorporated in Delaware and its headquarters were in California. Now it is incorporated and headquartered in Texas.
Texas is clearly a bastion of fair business practices given that information 🍰
Tesla was incorporated in Delaware, like many other US corporations.
https://archive.md/fFNb6
Obviously nothing changed physically, this is just a paperwork thing.
Large companies require fleets. Who says one company can't buy from another? But what if he keeps buying and buying, beyond any reasonable use cases? What if the lots are full of unused trucks? Dunno.
That's what bids are for. It gives at least plausible deniability if shareholders want to question a large contract later.
You can manipulate a bidding process to force the outcome you want, but if you are too obvious about it shareholders can still have a case.
Ah! Had not considered that. So, as usual, dumbass is being transparent.
Ya know, I actually think Elon is smarter than your average bear. But what must the billions, the ketamine, and the associated sycophants do to a man's judgement? But for the grace of God, there go I.
There were investigations into this, but Musk shuttered all the agencies responsible before he fucked off again. Totally above board.
Hmm, let me see who's in charge of securities fraud...oh look it's a Trump appointee. Likely put there for the explicit purpose of doing nothing.
There was some fraud in Canada where they were buying up their own stock so they could continue receiving subsidies or something. I don't know what happened to that but it was in the news.
They applied for electric car refunds in batches, and worked through a massive fund when it was announced that it was being closed off, in a matter of a few days.