Tesla Lied to shareholders Austin TX

Tesla insiders have been selling huge amounts of stock yet. Elon Musk says everything is okay and don't worry. Three analysts have hyped Tesla stock in the past couple weeks raising their predictions to $500. A share these analysts Dan Ives wed bush, Adam Jonas of Morgan Stanley and Andrea Shepherd of canter Fitzgerald all are blinded of the true facts. What is happening with Tesla. Can Tesla be headed for bankruptcy? There are three factors that are going to affect the stock in next couple of weeks that these analysts do not take into consideration. Number one Tesla has diminishing cash flow. The United States government is taking away the rebate on EVS. Number two byd has slashed their prices on cars by 35% number three Tesla faces. Several major lawsuits on odometer gate. First case has been filed in California. If all 50 states file a lawsuit Tesla can be on the line for over $500 billion dollars.

Number three the state of mind of Elon Musk has made conflicting statements about sales about projections etc. These misstatements are causing shareholders, money and time for misrepresentations 

Number four another misstatement by Elon Musk about robo taxis. There will be a million robo taxis in the next year. Even if 10% of Tesla holders of cars turn into robo taxis, there won't be 1 million robo taxis on the road within that year

Number five due to an SEC settlement. The company attorney Brandon Earhart was supposed to monitor musk before he makes any misrepresentations about Tesla. The in-house attorney has failed to supervise Elon Musk remarks, therefore has breached a fiduciary duty to the shareholders.

Number six The Insiders have been selling huge amounts of stock knowingly and willingly. Having knowledge that the company sells have been falling rapidly throughout the world. Yet Elon Musk stated since my stock price has risen. That means my car sales have risen. The company insiders have a fiduciary duty to shareholders to produce accurate information. 

Number seven furthermore, the board of directors has failed to supervise Elon Musk. They allowed him to run this company into the ground. Yet making millions of dollars in profits in selling their stock. The Insiders have failed the state that do to the EV credits given by the government will Will be terminated that that will mean a 77% decrease in cash flow to Tesla. In conclusion, between BYD discounting and the government incentive being canceled, Tesla will have negative cash flow in the future until car sales turn around.. also, due to lack of new product, the old product has not been selling and the factory has been laying off or been closing so they can get rid of some of the inventory again that has not been related to to the shareholders that insiders are taking advantage of. 

Number eight since Elon Musk has only a dream plan and not a business plan which is now broken, the company cannot basically survive on a dream plan which will take years to implement since the company is running out of cash at a very fast pace.

Number nine the board of directors which includes the president Robin Dehnolm has failed to mitigate the damages caused by Elon Musk outside objectives with the US government. Further has failed to mitigate a proper business plan to the shareholders. Allowing musk to go on national TV and make a fool of himself saying he does not know who byd is furthermore stating that the company is turning around. That's a falsified fact. None of the board members put out a press release in order to mitigate that damage.