Bloomberg Technology
Musk’s Tesla ‘Price Too High’ Tweet Potentially Breached SEC Accord: Harvey Pitt
May.01 — Harvey Pitt, former U.S. Securities and Exchange Commission chairman, discusses the regulatory implications of Chief Executive Officer Elon Musk’s tweet about Tesla’s share price. He speaks with Bloomberg’s Scarlet Fu on “What’d You Miss?”
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Hal C.
May 1, 2020 at 10:04 pm
Elon is trying to shake out the weak hands and tamp down the speculative side of Tesla bulls, especially knowing that its U.S. factories are sitting idle.
Hal C.
May 1, 2020 at 10:04 pm
What’s wrong with this Harvey guy? Can’t stand listening to him talk.
freddy94a
May 1, 2020 at 10:48 pm
Was just about to comment something about this guy, sounds like he’s confused or idk something is up.
K Singh
May 1, 2020 at 10:07 pm
If that’s inappropriate, then think about the shit the president post!
tyrese smith
May 1, 2020 at 10:34 pm
Elon Musk is overrated
gasdorfic muncher
May 1, 2020 at 10:40 pm
loose cannon doesnt sell stock well ?
Liberal Christo
May 1, 2020 at 10:44 pm
Elon will be in the books for thousands of years like Leonardo DaVinci
Energie Wender
May 1, 2020 at 10:36 pm
All the stockholders who recently lost their jobs and have to sell Tesla shares will not be happy. They might even suspect that Elon tried to bring the stockprice down before he receives his bonus shares. That would save him a substatial sum in taxes. Anyway, that was a dirty trick he played on all shareholders so shortly after the official earnings call, sending out an unsubstantiated warning about the stock price.
Liberal Christo
May 1, 2020 at 10:43 pm
Or he does believe Tesla stock is too high and doesn’t want his stock to crumble like the rest of the market this May
Jim Wheeler
May 1, 2020 at 11:44 pm
@Liberal Christo, Harvey Pitt is spot on. Elon is a visionary but he’s also a bit of a nutjob who is incapable of keeping his mouth shut even when it’s in his best interest to do so. He’s just begging for more legal troubles with his irresponsible behavior.
Laurens L
May 1, 2020 at 10:37 pm
Please… Elon is again correct… and lets stop being so politic correct. In this crises nothing is what it looks like. How can stock rise during this crises? Why not go after the criminals @ Wallstreet really lying steeling people pension funds… lets get them first behind bars then chasing after someone who just gives a good advice?
Jim Wheeler
May 1, 2020 at 11:47 pm
Gee, do you think it just might have had something to do with Tesla beating the street with its quarterly earnings report where it turned a profit when it was expected to report a loss?
Manning Finance
May 1, 2020 at 10:44 pm
GET THIS HARVEY CLOWN OUT OF HERE!!!
Captain Bum face
May 1, 2020 at 10:46 pm
How does it break sec rules when the market is completely fake via fed printing anyway?
CaliforniaMISC
May 1, 2020 at 10:53 pm
he is not on board anymore
Star Lord
May 1, 2020 at 10:54 pm
Come on REALLY
Kevin A
May 1, 2020 at 11:06 pm
Wow, this Harvey guy sounds real old and out of touch with running a business in the modern world. Says the SEC may have bigger fish to fry, though Elon Musk runs the highest valued motor company in the US. (Sounds like a very big fish to me).
Zoltán Kárpát
May 1, 2020 at 11:15 pm
Oh no, somebody tweeted something, call the FBI!!!
Jannet
May 1, 2020 at 11:20 pm
Could this statement cause a forward split
ezgin kral
May 1, 2020 at 11:38 pm
When Harvey Pitt started talking; change the playback speed to 1.5
zbLoodlust087
May 2, 2020 at 1:00 am
ezgin kral “ummm uh umm”
Matthew Travis
May 1, 2020 at 11:53 pm
The sky is above us. Anyone who states this clear and obvious fact much be chased up by the scc.
A bad bull can get loose. What he’s doing is sensible. Short term traders (i.e. those looking to trade Tesla stocks after a minor recovery for a major profit) are pissed. Financialisation out of control is a big problem which is what some are trying to get out of this crisis.
CEOs should be able to try and pop bubbles before they make too much of a bang. Any law in which a CEO can’t attempt to influence the price of their stock is fundamentally stupid.
Investors should take responsibility in valuing their stocks before a buy. The fact that the market is regulated in such a way is wildly stupid.
k d
May 1, 2020 at 11:57 pm
Can he just give it away to poor ppl
Arnoud van Houwelingen
May 2, 2020 at 12:03 am
He is not pumping the price up with his tweets so i don’t see the problem …
Hao Jue He
May 2, 2020 at 1:10 am
Ever heard of short selling
Arnoud van Houwelingen
May 2, 2020 at 1:17 am
@Hao Jue He I am on the legal team of mr. Musk. The answer to your question is NO short selling. My client has never shorted Tesla stock and is not planning to short the stock in the very near future! Also his twitter account may have been hacked!
eugenestrawberry 18
May 2, 2020 at 12:03 am
Ta ta today HARVEY !
M K
May 2, 2020 at 12:25 am
Musk is brilliant!!!!!!
420 Funding Secured -> Protect Shorts
Stock Too High -> Protect Longs
Who is SEC working for?!!!!!!
Simon Jordan
May 2, 2020 at 12:30 am
A thorn in everyone’s side!!! Yes he is a massive thorn in the ruling elites side… Love ya work mate!
Callandor
May 2, 2020 at 12:50 am
CEOs have in the past commented on share prices.
Tsla and Amzn
May 2, 2020 at 1:01 am
That also gives a good buying opportunity if we play smartly. I share my thoughts in this video
zbLoodlust087
May 2, 2020 at 1:01 am
“Ummm uhh um”
AlexeyTubeVideos
May 2, 2020 at 5:59 am
PITT IS AN IDIOT!!! YOU SEC BASTARDS, STOP sucking cocks and when you will arrest TRUMP for manipulations of the market, that are obvious for everyone but COCK SUCKING SEC!!!
Jonathan Roberts
May 2, 2020 at 6:18 am
Fuck this horseshit negative crap.
Jonathan Roberts
May 2, 2020 at 6:19 am
I’d probably get more likes on this comment but no one is watching this crap.
LionCrest23
May 2, 2020 at 6:20 am
Arrest that man he made me lose money…. Oh wait tesla stock is overpriced he’s just stating facts folks
David Chase
May 2, 2020 at 6:37 am
Haha he says he has a hard time keeping to his commitments. Are you kidding me. Old man… WTF. Elon is looking out for number one. Mars baby Mars.. that’s his end game. His real dream. In my opinion musk has done more for humanity than any one else at this time and age.
Pasan Perera
May 2, 2020 at 6:47 am
old dick less buggers talking shit
The real Dr. J.
May 2, 2020 at 7:18 am
Today I vowed to never buy a Tesla product as long as Elon Musk is involved with the company. His Tweets are over the line, irresponsible, and stupid, and what’s funny is the “stock price is too expensive” one far from the worst. Dude needs to knock it off, and remind himself he’s a billionaire and doesn’t need to be so greedy.
PunkJabi
May 2, 2020 at 8:06 am
So everyone mad that he finally said one honest thing? 🤣
Furthermore ASMR
May 2, 2020 at 8:08 am
Inversion
Thomas
May 2, 2020 at 8:28 am
I’ve see other CEOs do it (obervalued, undervalued etc), not sure why Musk is attracting attention.
ABRAXAS
May 2, 2020 at 1:24 pm
Because he likes being a celebrity? Other CEOS are pop culture figures like he clearly desires to be.
Kay
May 2, 2020 at 10:49 am
Is this even real?! Mericans are very unstable even this guy or maybe he’s right. But the Apple stocks are so bloated and inflated fake that they’re running out of “back ups”.
Nassar
May 2, 2020 at 11:30 am
UMMMMMMMMMMMMMM UH UMMMMMMMMMMMMMMMMMMMMMM
sparkle sparkles
May 2, 2020 at 11:38 am
But he is right, it is over priced, that’s not his fault it’s the stupid speculators.
imeldo marcos
May 2, 2020 at 2:58 pm
Too many tesla shills
Corey Bullock
May 3, 2020 at 12:26 am
He’s not directly shorting his own stock. He’s shorting his stock for other investors to by the dip and drive the stock price even higher, especially after the economy recovers.
sparkle sparkles
May 3, 2020 at 12:46 am
@Corey Bullock I think you are overly optimistic about a recovery that’s not coming for a few years. COVID-19 did highlight how irrelevant the silicon valley is to the health of a society.
Cold Murmur
May 2, 2020 at 12:40 pm
Elon is such a tool:)
Duncan
May 2, 2020 at 12:48 pm
Doesnt follow through? Your a fool good day moron.
J Qaz
May 2, 2020 at 2:13 pm
He’s an adolescent? He doesn’t take directions well? Who the f*** are you to tell somebody what they can and can’t do with their own company God
AlmightyBlaze ttv
May 2, 2020 at 3:45 pm
Why do people dislike? Was it the video or you don’t agree with Elon. I like to watch the video js 😐
zeroexone
May 2, 2020 at 4:24 pm
The restrictions we put on our public CEOs is pretty ridiculous. People like relatability and authenticity. That’s why they like Elon, especially when he does things like this. Let CEOs be humans, not robots
Boxing 101
May 3, 2020 at 5:43 pm
Elon delivered thousands of ventilators when Bloomberg is busy groping women and posting fake news. CNN, MSNBC, and Democrats are about to hit rock bottom, the evidence is building NOW!!!! And a lot better timing then this Democrat virus before elections to demolish Trumps economy, George Soros was even saying it was going to crash, he’s behind the virus 100% these old elite rich pedophiles days are numbered because Hell is coming for them and they need to pay up all the Rothchilds, Soros, Bill Gates, and to let them burn in eternal hell!!!
Steve West
May 2, 2020 at 4:47 pm
Well yes, He Manipulated the stock market price of his company thru tweets. So basically if one of us had bought $1200 stimulus dollars worth of Stock in Tesla..with that tweet… Their $1200 would have been gone!
Jay Jay
May 2, 2020 at 4:53 pm
Harvey is wrong here. Not ALL of his tweets were supposed to be reviewed. That would be a rights violation. Only certain kinds of information had to be reviewed before tweeting, and what he said was not one of them. And then Harvey calls him an adolescent? What an asshole.
The Knave
May 2, 2020 at 6:25 pm
Simple supply and demand problem: Individuals and institutions are trying to replace losses from the crash, so they buy TSLA, which is still going up.
otoh, longs aren’t selling (I don’t blame them a bit), which restricts the number of shares available = higher prices.
So, yes. Technically, the stock *is* too high.
Mark Plott
May 2, 2020 at 6:37 pm
Bloomberg should try Injecting BLEACH into its Repoters bodys.
Joe Bloe
May 3, 2020 at 1:17 am
Maybe that’s why Pres. Trump turned orange too many bleach and Lysol injections
Bruce Campbell
May 2, 2020 at 6:50 pm
Extended sleep deprivation starts messing with the mind.
Michael Rosen
May 2, 2020 at 9:22 pm
Hah, Tesla stock fell 10% on a day where other tech stocks fell 5%, big deal; that is how Tesla stock moves anyway; about two times the average change in other techs, on any given day.
Moshé X
May 2, 2020 at 10:50 pm
He’s really Tony Stark
Joe Bloe
May 3, 2020 at 1:12 am
Is E lawn turning into a duck, and quacking up?
Bosky78
May 3, 2020 at 3:10 am
Ok, the star spangled banner which signifies our freedom, is odd. Ok gotcha.
Lee Bruce
May 3, 2020 at 9:08 am
Harvey who? Former Shortseller Enrichment Commission Chairman. Should be embracing this post, Musk is now a short seller.
Yaroslav Panych
May 3, 2020 at 11:52 am
Very smart person that “Harvey Pitt”. Who are you dude? You are not court, you are not deciding it. Either you sit right by Elon himself and saw that he posted it, this way you say something, or not, then stfu!
All we can do is wait for official press release from Tesla and other authorities! That is only source of information, and not twitters or some 3rd party “experts”.
Dan Wayne
May 3, 2020 at 12:12 pm
His account was hack by Donald Trump, only Donald would cost his investor 15 billion dollars with a tweet.
Bobby Vincent
May 3, 2020 at 1:12 pm
Don’t fucking tell me that’s an SEC violation. This world needs more TRUTH. That’s why he said it. The man is leading by example and I applaud him. This system is showing it’s weakness.
Chad Leach
May 3, 2020 at 1:27 pm
So he’s in trouble when saying the stock price should go to 420 and it shoots into the 700s and also in trouble when he says, again, the stock is too high.
Is musk just in trouble whenever he’s right then?
Brandon Kruse
May 3, 2020 at 3:56 pm
Last time I checked, Harvey, when you’re the CEO you can do what the FUCK you’d want with your company.
Boxing 101
May 3, 2020 at 5:39 pm
FUCK YOU PERVERT PEDOPHILE BLOOMBERG! ATTACKING ELON MUSK WHO IS TRYING TO MAKE OUR HUMAN RACE ADVANCE IN SPACE AND YOUR OLD ASS IS TALKING SHIT TO A MAN WHOS MADE THOUSANDS OF VENTILATORS FOR HOSPITALS SAVING TENS OF THOUSANDS OF AMERICAN LIVES YOU GREEDY STOP AND FRISK GROPING WOMEN. GOD IS COMING FOR YOU MINI MIKE BLOOMBERG!!!
Boxing 101
May 3, 2020 at 5:50 pm
Elon delivered thousands of ventilators when Bloomberg is busy groping women and posting fake news. CNN, MSNBC, and Democrats are about to hit rock bottom, the evidence is building NOW!!!! And a lot better timing then this Democrat virus before elections to demolish Trumps economy, George Soros was even saying it was going to crash, he’s behind the virus 100% these old elite rich pedophiles days are numbered because Hell is coming for them and they need to pay up all the Rothchilds, Soros, Bill Gates, and to let them burn in eternal hell!
Francois Charbonneau
May 3, 2020 at 6:24 pm
I think there is something else going on, he Tweeted; sell his houses? Star Spangled Banner? Crashes his stock? I think he’s upset with someone in particular, on a personal level.