Tesla Investors Just Got SCAMMED.
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- Опубликовано: 29 фев 2024
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I worked at Tesla starting in July of 2017 as an Operations Analyst out of the Bethlehem, PA distribution center facility and left as a Program Manager based out of Austin, TX as of September 2021. I spent most of my time in the distribution and supply chain organizations.
Before Tesla, I was a Director of Business Intelligence and Pricing at the largest Pet Food & Supply distributor in the US, Phillips Pet Food & Supplies based out of Easton, PA. My wife and I also owned a small business in Bethlehem, PA between 2016 and 2019.
I have been a shareholder of Tesla since 2012 and currently own Tesla stock. Nothing I say constitutes as investment or financial advice.
My thoughts are my own and are not representative of everyone who currently works, or has worked at Tesla.
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The lawyers are asking to be paid in $6 Billion worth of Tesla Stock.
You are not overreacting you are under reacting.
That’s why they brought this case to court. They knew that when they won they would get a percentage of the 56 Billion.
Let's vote on it
We live in a certifiable Banana Republic, that's what the Leftists have created for us.
You’re right, we got scammed.
Let's start a class action lawsuit, as Tesla investors, and sue the law firm and the judge!
judge no but yes lawyers
Add the plaintiff investor to this list. He probably collaborated in this lawsuit with said firm.
💯
@@pandaleaves5220 I'm glad that you agree that the lawyers should be sued but I'm highly Disturbed that you say not the judge. So I have to ask the question why don't you think the judge needs to be sued?
shareholders should take a vote to sue the lawyers and Delaware itself.
@@jdreynolds29
The guy with the 9 shares should pay them
This would be just, but they go after the big pockets.
Exactly!!
The guy with 9 shares won, therefore the looser pay the lawyers.
People don’t understand the guy with 9 shares was just used by the corrupt law firm to stuff their pockets??
The guy with the 9 shares is just the stooge these vipers are using to stage this hit. He will be paid by these leeches instead.
Absolutely disgusting how greedy they are. They did nothing to protect the shareholders.
Ya...they protected me from amazing profits? What the actual hell?
This is criminal. These lawyers need to be stopped from corruption!
automate lawyers with ai
Hunter Biden said he "'knows every judge in Delaware personally'", one of the few things he said that seems to be true.
Biden Crime Family lashes out at anyone who dare appose them.
And the judge
@@robertjay9415 the ai would be biased
Why are the lawyers entitled to anything. The judgement was to cancel a pay package, so there is no monetary damage value. If the judgement caused a 55b payment to be enacted then I could see a fee based on that but not the cancellation of a package.
Can we sue the lawyers
my first thought too
And the judge?
Change the ducking lawyers
See the above link, you can sue if you are a 2018 stockholder
I was going write the same thing
Tesla should sue the lawyers to protect the tesla investors from an excessive pay package
Why are the tesla shareholders not suing everybody involved with this insanity? All this supposedly protects the shareholders
These lawyers could and should be looked at with the discipline of disbarment.
One word: Parasites
And jail time if there is any connection with the judge
the judge too.
Kind of strange that Elon meets teh==he same Judge twice (twitter and now tesla)
Get used to it. This is what makes America small again.
Lobbyists and lawyers rule this country as Washington cannot decide anything else as hating the other party and neglect completely their citizens
This is insane. We should sue the lawyers for demanding an excessive fees. They DO NOT deserve $6 billion for their efforts.
Got to respect those lawyering leeches....6 billion dollars for a verdict about excessive compensation...
*_Pot,_* meet *_Kettle._*
"The most ironic outcome is likely"
Please don't respect them.
Sounds like another backroom Iran deal.....
There is nothing to be respected about corruption and exuberant greed plus violating, harming retail investors
Lawyer’s reason for law suit “he’s asking for a lot of money”
Lawyer’s also: I deserve an unreasonable amount of money
Perfect comment!
i am fuming mad.....these lawyers need to be sued for misleading. i hope there are lawyers in the Tesla camp that can look at them and find a way to go after them.
I’m so mad ditto sue the corrupt lawyers and judge
ps what is the judges cut!!
Keep fuming.
The laws are flawed and only if you change these these silly games of greed will stop.
Don't worry it will never get consent of both democrats and republican so be happy as lawyers rule if you like it or not.
They may have said the intention was to protect share holders but in reality the goal was to line their pockets regardless who won the case.
That's true of all the lawyers I've known!
@@troylabrielol, lol, lol
You believe a lawyer? Huh!
I've lost more than 17k in this sliding Tesla stock. I'm becoming confused why I don't sustain profits. The volatility of the market can be frustrating. I'm wondering how to ride this new wave of all time highs without burning myself again.
Consider diversifying your portfolio with a mix of stocks and stable assets. Seeking professional advice now could provide valuable insights and strategies to navigate market uncertainties and protect your investments.
Having an investment advisor is the best way to go about the stock market right now. I was going solo, but it wasn't working. I’ve been in touch with an advisor for a while now, and just last year, I made over 80% capital growth minus dividends.
I've been looking to get one, but have been kind of relaxed about it. Could you recommend your advis0r? I'll be happy to use some help.
’Heather Ann Christensen" is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
If these lawyers are working together with the judge from Delaware they got a nice thing going. So, if they cost $1,000 an hour, they would have spent 6 million manhours? Seems excessive.
they most likely calculated a fixed percentage as a "success fee" in case they won, hence the 6 billion against the 56 billion
Of course they are working together. The judge and the whole Delaware court is fully in the pocket of the Bidens and we know Biden has been getting all the agencies after Elon. Not to mention, a lot of evil people could also be influencing behind the scenes. She has repeatedly favored anyone who has to be paid excessive amounts, just not Elon in any of the cases he had. This case should never have even happened but here we are. There has to be a way to root out corruption.
Hmm... a lawsuit about unfair pay... awarding unfair pay? Let me think about that... NO!
If this is approved investors should file a class action suit against the state of Delaware. Being forced to pay lawyers instead of Tesla's CEO who is still uncompensated for his unprecedented performance is criminal and devalues our investment.
You voted for those who did create laws to make this possible, so blame yourself. More legal cases will not solve anything.
Its like ; someone is killed, so buy more weapons and then dream the killing will stop. Making the problem worse is never a good solution, change crazy laws!!!
All corporations should get the heck out of Delaware. The whole state is corrupt.
It's hilarious to me that that might be true, but the solution was to incorporate in Texas, a state which lets people die because they don't have a national grid, and won't let Tesla sell cars there. *shrugs* One might imagine that the entire country is corrupt.
Its the voters who empower some to create laws. Same everywhere in America.
Be happy you deserve what you get or move to china or Russia.
Or start voting to change to the better
Share holders should vote to sue these lawyers. Those lawyers are being dishonest and corrupt. There should be a legal recourse to correct this in the light of day.
You don't know the law that's clear.
Without adapting any law it will get worse and lawyers will earn more and more.
Such obvious corruption 😢
The scammers getting scammed. It has a pleasing symmetry to it.
corruption, plain and simple.
The law should stop the lawyers doing this kind of thing. It is just about them trying to make ridiculous amouts of money!
How much are the lawyers paying the judge
The law is written by lawyers.
America sux for how much they sue everyone in sight...
Agree! It's a real problem here! Everyone's prices go up due to excessive litigation. Doctors, hospitals, etc. have to carry millions of dollars of malpractice insurance, and that cost is part of why medical care is so expensive. Car insurance is through the roof because of ambulance chasing lawyers winning multi-million-dollar lawsuits. Basically EVERYTHING costs more because of excessive litigation!
America is not the country is used to be. I am not proud to be an American anymore!@@jamesowens7176
These lawyers are a disgrace, along with the misguided judge. These lawyers should be sued and punished for only pretending to help shareholders, misusing their status and the judicial system for their own benefit only.
It’s the judge who needs to be held accountable
Could the judge be complicit with these vipers? 🤔🤔
These lawyers should be forced to pay all of Tesla legal fees and some kind of fine for wasting every body’s time and the court should have never heard this case
What is one lawyer at the bottom of the sea?? A good start
1000 would be a good start.
The judge and lawyers should be investigated for racketeering and fraud. Every business incorporated in Delaware can now offer large payouts to any stock holder in that state. What a great way to get a massive return on your stock price. Court ordered dividends.
So they think the payout to Elon was way too big yet their fee for an extremely minimal amount of work to save the Tesla shareholders also happens to be astronomical and they want $6billion! That in itself is crazy!!
If Tesla votes to stick with the original package for paying Elon his $56 billion as they originally did then the lawyers should technically lose the case and be paid $0 in my mind. And life’s goes on .
Correct me if I’m seeing this wrong!
Take it to the higher court fast.
6b can go a long way to advance electrification, create jobs, clean up our air... putting the money into lawyers' pockets will add no value to Tesla's shareholders or our society's well-being.
This is just another example of how screwed up the judicial system is. The courts should never be involved in 😢this
All America is screwed up! Considering a move out of the country! Seriously!
Great comment but YOU did vote with many others to make this even possible. Judges obey the LAW and the law did make this possible!!!
Crazy but true
Disgusting abuse of the legal system, and extraordinarily corrupt
These lawyers should be sent to prison for corruption and abusing the law
Your dream but the law will be on their side to load their pockets.
Its only the voters who can influence law making
I can’t even believe they are asking for payment in Tesla shares and acting like it won’t cost Tesla a cent. What about us when they dump their shares !?? Just when you think you’ve seen it all. Stuff like this happens. So wrong on so many levels. Our system is broken and so unbelievably corrupt. Disgusted by this whole lawsuit.
Why do we have to be pay these lawyers? We never hired them.
The follow the opportunity created by the laws, which were created based on voters!!!
So, are you one of these voters or did not vote so others can rightfully decide for you?????
Like Howard Beale said in the movie Network, "I'm as mad as hell, and I'm not going to take this anymore."
This amount makes no sense and incentivizes law firms to find a shareholder and use him/her to sue the public company being motivated by those insane amounts.
I do not understand how the lawyers can ask for this much, it should be their billable hours, plus if they get more than their customer ask for, a reasonable bonus based on their base fee.
As a Tesla shareholder, I’m outraged. A higher court should fix it.
Six billion dollar lawyers want to argue that *ELON* was overpaid? You betcha.
we should get together and do our own class action law suit for $6B to the guy who brought the suit in the first place
I think that the shareholders that originally voted should be able to vote on the exact same package and if they vote for it again then the lawyers should pay the equivalent to Tesla's share holders for screwing with their vote
That’s grotesque. It would be revolting if the judge gives her blessing to such gross
corruption.
Unless the judge is also in on it...😂
@@tonyc9035 Yeah, that's not out of the question...
When you incentivize bad behavior, you're going to get more of it. This will just trigger more of the same type of law suits.
The ones who initiated that law suit should be the ones to pay the lawyers. As far as I know most share holders were not consulted and never agreed to hire these law firms so they should not have to pay for them!
That settlement would be more of a direct insult to the actual shareholders.
sue the lawyers
I LIVE IN DELAWARE. Small state with a lot more influence than someone would think. DuPont family (once the richest family on earth) has had tremendous influence throughout this state, especially involving labor laws which eventually, like with the Elon/Tesla case must go through this corrupt court system which just happens to also be the home state of Joe Biden. Unfortunately, the last 3-years have wiped away any sense of pride I previously held in this state. Keep making great content Farzad!!
The lawyer is a complete fraud stating this was to reduce harm to us, the shareholders. Purely a large award in search of a lawyer and a prejudicial judge or is it the way around? Now, we’re harmed.
So, how many hours did these lawyers put in on this case. What is their hourly fee? What is the 6 billion based on? This does not make sense to and seems outrageous.
Can we sue them?
The lawyers should get 10% of money saved after shareholders voted on a new package... I think $0 x 10% is fair
In that case I propose a compensation rise for Elon, and a bill to the lawyers to help us poor shareholders support for Elon
To be fair the share holders should sue the Lawyers for damaging the share price. A nice class action against the class action lawyers. See how they like it.
I never hired these lawyers why should i be impacted?
makes me want to puke, pure corruption...
Whole situation is moraly ridiculous.
Shareholders have paid far more than $6bn in stock value loss from the lawsuit already. This is just the poop frosting on the irony cake…
Of course it's not logical or fair, it's simply greed.
The $6B is a percent of the 56B. But the "damages" to shareholders was only about $2.5B, even if the court is correct. Lawyer fees need to reflect the hours they worked or a percent of the actual damages. SO, a much smaller number.
Of course, the suit was a sham by the lawyers gaming the system, because they knew about their possible payout, from a judge that already was predisposed to find against "the richest man in the world".
This is as corrupt as it looks.
It was always about the lawyers making fees. Never about protecting stock holders.
Farzad, trying to feel like it is NOT corrupt is nice BUT sadly it IS nothing but corruption from start to finish. 😢
Now we should have a shareholder's vote to see if we should pay the lawyers... that should settle that, wait they don't listen to the shareholder's vote.
As shareholders, we should sue for damages
I generally find it difficult that a percentage of the dispute sum goes to the lawyers. When it comes to large sums, the search is of course carried out very carefully and the lawyers try everything possible to get hold of it and win. However, the amount of time required is hardly any different to a smaller case with a much smaller amount of money.
I don't actually know of any industry where this happens in a similar way.
In a manufacturing company, a large order also requires more working time and volume discounts are often required here (setup costs are split).
Even in stores, discounts are common for large orders.
The lawyer demands his usual 10% of the amount in dispute, no matter how big the “order” is.
It's almost ironic that the lawsuit is about "overpayment" but the lawyers want to disproportionately fill their pockets with this lawsuit
The entire law firm no longer has to go to work, which would mean $12,000 per month for each of the 100 employees for over 400 years. (everything before tax)
This is anti-american. Anti-everything we the people of America stands for. It is ludicus.
Dont think so, the ridicoulous sueing and ridicously high fees and damages are typically american and has been for as long as I remember. The rest of the world just shakes there heads, your american system is very strange.
You are wrong. The laws are created by representatives of voters, so blame your stupidity of voting for a bunch who allow these type of fines can be possible. Only happens in America, ask why, why,why.
Good for a new Hollywood movie to show how stupid your legal system became!!!!
Waponnization of the “legal”system typical of the Soviet Union at the height of its time of kangaroo courts 😉
Purposeful misspelling due to the Orwellianity of all alphabet platforms 😝😉
Insanity
It's a mockery of our legal system....
Made possible by America voters, don't forget that. Unique in the world as for example in Europe a lawyer can charge a normal hourly rate maximum.
You deserve what you vote for
Relax, to much emotion F! This will be sorted out by the adults.
jeez - corruption
Procedurally, the fees will have a hearing, Excessive fees for a minor result will likely be dismissed. Outrageously Excessive requests will likely be denied, and has been by the 3rd circuit court.
If shareholders need to vote again, then they have to be the same shareholders who were shareholders back then if the judge wants the vote to be “fair”. This is obviously not possible.
who are these lawyers and their names?
Dewey Cheatem & Howe
The three law firms are Bernstein Litowitz Berger & Grossmann and Friedman Oster & Tejtel, both based in New York, and Andrews & Springer of Wilmington.
Who are the voters who did appointment representatives that created these silly laws or did not change them!!!!
Even if you did not vote you gave power to someone else!!!!
Why are the lawyers entitled to anything from Tesla? Shouldn’t they ask for fees associated with the work on the pay package or at the very least the difference in pay packages after it’s settled? If lawyers in another example order a stop sale order they don’t claim a portion of the value of the object being sold????
Another example. Say you have a small business and you want to sell it to another person for $x. You have a contract but someone else a third party investor sues and says this valuation isn’t good, the lawyers don’t get 10% of the company. That’s just stupid.
This is a very important question to be resolved. Lawyers should verify if the contract, that the Law Firm which did claim that Elon s compensation was in detriment of Tesla shareholders is void due to the fact that there was no damage since Elon did a great job reaching all the milestones whereas the lawyers now are really hurting Tesla shareholders which there fee claim. The rational of demanding is to get a compensation for a damage and not to cause a real damage paying fees. Besides that this exactly should the judge have considered when making a ruling and so the sentence should be declared null and void.
Why would it not be limited to the shareholders bringing the suit as a percentage. Like $56 We didn’t hire them. Or vote to hire them. That is bs! Absurd!
"Ambulance chasing" Look it up... If the shoe fits...
He has to counter sue! If that's possible, this sounds ridiculous
I think the judge should rule against the lawyers since she’s so concerned about rich people getting richer…unless she needs another 3 years to make that decision?
This is a clear example of legal parasites using the courts to enrich themselves. I see this practice as a cancer in the US business that needs to be cut and stamped out. These lawyers need to be named and shamed as well as jailed for fraud. The reason is that the majority of the Tesla shareholders did not hire them only one shareholder did that shareholder in this case should pay their bill at best, for this, they also should lose their license to practice law.
You are wrong. The law is decided by those you did vote for. So think you are the root cause of this misery
Blatant corruption. It’s unbelievable. Shareholders should form a class action suit against these guys and this judge! I’m in.
Elon's $56 billion compensation package was worth, say, 8% of Tesla's market capitalization at the time the judge ruled on the case. If the lawyers are correct in claiming that their actions benefited shareholders, then, logically, we might have expected Tesla's share price to rise by about $56 billion dollars (8%) due to the court ruling, because the company was suddenly $56 billion richer. Instead, my recollection is that the share price dropped very slightly (1% or 2% or something like that) on the news. As such, the stock market's reaction to the court ruling suggests that the lawyers did not provide $56 billion to shareholders (but possibly actually removed a small bit of value), and hence a $6 billion payment to the lawyers is not justified.
Wow! If you thought companies might follow Tesla out of Delaware before I bet this will put the spur to their flanks!!
Get a itemized invoice documenting every action of litigation!😮
Delaware Court of Appeals should make this go away. They should declare that the "shareholder" lacked standing to bring the suit and void the judgement OR find that the trial judge was simply WRONG in her conclusions. The first blames the "shareholder" and by extension the lawyers and goes a very long way towards making DE a better place for corporations to "stay" or incorporate while the latter slaps the judge hard and has the same effect. It depends on how clearly they want to admonish HER. In either case, the lawyers lose and the "shareholder" is still protected as his agreement for $10,000 to bring the suit is still a valid contract and the lawyers knew what they there doing when they drew it up [he's probably already gotten paid]. But both outcomes have a "chilling effect" on this type of shenanigans in DE. That would be a GOOD thing for DE. Perhaps they determine that you can't be shorting the stock, that that doesn't mean you're a "shareholder" but rather an "Anti-shareholder". In fact, it might open up the Chancery Court of DE to accept cases AGAINST short sellers who abuse their power which wouldn't be a bad thing either, at least for DE corps and by coincidence the DE Court of Chancery! This might be unpopular in DE because part of their "cottage industry" is both the Chancery Court AND the legal firms that takes cases to be heard in it. But, if corps flee DE, they lose, so they'll just want to blame the judge anyway if she's determined to "be at fault". And, of course, the lawyers cannot sue her or the courts as they are the hand that feeds them and it would NOT go well.
Question: Until now I thought the "shareholder" had 9 shares. Are you telling me that he had a position instead
What's black and tan and looks good on lawyers? Doberman
Does Judge McCormick know what's she's done?
Found a way to get 600 million for the big guy?
How much (backhand!) does that woman judge get in this rediculous case?
NO WONDER ELON WOULD MUCH RATHER JUST MAKE THIS A PRIVATELY OWNED BUSINESS!
Of course they are going to ask for the max, it is human nature, but it does not mean they are going to get that amount and hopefully they will lose on appeal.
If the judge is going to have any hope of proving no bias, this lawyer pay request will be shredded.
I'm upset that the judge could find against the investors and Elon. What was agreed upon should stand. I have 800 shares. This is so wrong.
I want 100 million dollar investigation to verify non of the money going to the lawyers trickled down to anyone having anything to do with the judge.
The chance that some person 3 generations removed from this judge is making money on this is way too high. If that is true people should be going to jail.
It's not up to the lawyers to play investor protector. The lawyers act in accordance to direction from their client. i.e. Tesla. Lawyers are just hired labour.
The lawyers saw an opportunity, given that Tesla’s business had grown spectacularly but in an area where crazy innovation was a critical factor, and swooped down to grab a huge piece for relatively little effort. It’s simply criminal mentality on the part of the the lawyers concerned! The Italian Mafia would be so proud of them!!
Criminal judgement to the core. If that pay structure stands for the lawyers, then follow the money trail to the judge and the shareholder that brought the suit.
Fucking lawyers
I think we should all get together the investors and do something about this
This is outrageous, what can we do as TSLA shareholders???
please name and shame these lawyers.
How does one put a monetary value on stock that hasn’t been bought or sold in the market yet? All this is paper gain/loss. The sp could easily go to zero today and be worthless. Lawyer’s pay should be based on the value of the paper saved when the stock was not issued to SEC.
It is extremely corrupt on the part of the plaintiff, lawyers, and judge. Refer to Dick the Butcher's line about lawyers in Act IV, Scene II of Shakespeare's Henry VI, Part II for a 430 year old hypothetical solution.
It is still apt.
Voters decide who represents them who create laws. So just accept this silly situation or adapt your voting.