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Market Madness: MoviePass Disappoints Again

What happened in the market on Tuesday?

It's a better day than yesterday. And by that, I mean that it's one day closer to the weekend.

Another day, another Tesla  (TSLA) - Get Tesla Inc Report problem.

Because Elon Musk, CEO, did not say in his blog post that funding was actually secured, and because Tesla still has not shown there is anything legally binding regarding financing for a transaction, the "funding secured" comment is still in question.

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The advice of many legal experts? He should stop talking.

To carry on the bad news, MoviePass, is having some trouble. 

The subscription service hit its latest snag on Tuesday, Aug. 14. An email was sent to subscribers stating that MoviePass -- which is owned by Helios and Matheson Analytics (HMNY - Get Report) -- was confirming that users would continue with a new service plan beginning next month, even when they had recently cancelled their memberships.

In an email to TheStreet, a MoviePass spokesperson said, "On Monday, August 13th, we learned that some members encountered difficulty with the cancellation process. We have fixed the bugs that were causing the issue and we have confirmed that all cancellation requests are being correctly processed and no members were being blocked from canceling their accounts, we also confirm that none of our members have been opted-in or converted to the new plan without their express permission. We apologize for the inconvenience and ask that any impacted members contact customer support via the MoviePass app."

At least the Dow hit session highs?