Musk Did It Again

[Brian W + 78]

Musk is baiting another bout with the SEC after promising that the automaker will build half-a-million cars within the next 12 months, via Twitter on Sunday night.

Musk, who was Tesla's chairman until he settled charges of fraud with the SEC by relinquishing the position and paying a $20-million fine, reignited his spat with watchdogs after tweeting  that Tesla would build 500,000 vehicles in 2019. As a result of the tweet, the SEC has accused Musk of being in contempt of the prior settlement. 

https://www.bloomberg.com/news/articles/2019-04-14/musk-tweets-that-tesla-will-make-over-500k-cars-in-the-next-year

[J.mo + 165]

Desperate times call for desperate measures. The fines accrued are pennies in relation to market cap valuations in either way of the swing of the pendulum. 

Also, Tesla may BUILD all the vehicles it wants. mating a BUYER to these vehicles is the important part. That which they have not seemed to accomplish well. 

It seems the next step in desperation is to lease these unsold vehicles. effectively deferring the madness, and capturing any income they can while they spin their wheels hoping to make it to the next maniacal stunt.