Let's think of the other companies that tried fucking with CPUC and evaluating their ethics as well. We can start with Enron. Travis is a smart guy but probably not as smart as those guys and even they got fucked. Even with their attachment to the hip to the federal government. Even with their company that was effectively many times bigger and more influential than a ride sharing app.
1. Uber has a track record of noncompliance
2. You don't want to invest in them because of #1
3. Enron also picked a fight with CPUC
So responding to each point:
1. True, and they probably should be fined for the late report, but as a public entity you can't go fining people exorbitant fees due to unrelated actions. For example, if I made some public bigoted remarks and then a police officer caught me littering they can't just go fining me 20x the normal fee because of what I said. CPUC should evaluate the fee solely on the basis of the infraction that caused the fine in the first place.
2. While I don't disagree with you, this is irrelevant to this discussion. Perhaps it belongs it its own comment thread?
3. This seems similarly irrelevant to this comment thread. A better comparison would be how much Enron got fined for a similar offense against the CPUC.
2. Fair
3. I disagree. I think looking at the ethics of companies who have historically picked fights with CPUC is quite telling, and cited an example.