That’s the point Tesla… next time dont lie about your range.
Honestly the range isn’t even an issue. Yes they did something wrong, but IMO in terms of misleading customers it’s not at the top of the list long list. They have all this horseshit about “full self driving” that they stick all over their website with pretty animations and graphics.
Then you actually read into it and the fine text says “oh by the way, it’s technically just a slightly suicidal/homicidal level 2 ADAS that nobody has signed off on, and that Tesla can yank it out from under you at any time, and thst WILL be conveniently forgotten about and valued at $0 if you decide to trade in your car with tesla, but it’s cool brosky just do it for the likes”
A lot of the venture capitalist driven industry has been fueled by an ask for forgiveness not permission move fast and break thing philosophy tesla included. It’s about time the law start catching up with them instead of caving to their will because its a TOTALLY NEW idea because an app is involved.
Exactly. Unfortunately “move fast and break things” has some disadvantages when it comes to driving in traffic.
I guess this is approaching the “find out” phase.
VW/Audi group fucked around with emission tests, and they found out.They found out what? Their business wasn’t affected at all as far as I can tell. They should have been broken up and shut down but instead they got caught doing the same thing AGAIN.
So yeah, not sure what Tesla is going to find out other than “money means you can get away with anything”, which Musk already knows well.
And just to be clear, I own a Tesla. I just got it back from the shop after ELEVEN MONTHS because those fucking tools would rather sell more cars on false promises than divert some parts to repair the cars they’ve already sold. I love that car but I’m selling it. Nobody should go anywhere near Tesla cars until they get their supply chain shit together.
Did they loan you another car during that time, or were you stuck paying on a car you couldn’t use for 11 months? I’d consider suing if it was the latter.
It was absolutely the latter. And I absolutely would sue if I didn’t have serious health issues (hello, cancer!) to deal with instead. It takes a lot of time and effort to deal with something like that, and that’s just not in the cards right now.
I’m sorry about your condition. Beat the shit out of it!
Damn. Best of luck is about as useful as thoughts and prayers. I’m sending it anyway because it’s all I’ve got.
A lot of businesses get away with shit, but the emissions scandal did lead to some big fines and criminal investigations into the upper most management level.
Fines always and already rolled into projected cost of business expenses.
Yes, they found out that there’s no real drawback to falsifying statements.
“If you tell our customers we misled them, that would be bad for our business!”
So, basically… “an investigation into whether we lied to customers in order to sell them stuff would have an impact on our business”. Well, yeah, that’s true. Shockingly, customers don’t like being lied to about the quality of the goods they’re buying, and hearing that there’s enough indication of lying to warrant a full probe into it would make future customers hesitant to buy. While wrongdoing hasn’t been proven yet, I can’t imagine this probe would be happening “just in case” Tesla lied - there must have been a high volume of complaints from customers who aren’t happy. The precedent set by not investigating would be awful. It’d basically say businesses can claim whatever they like about their products, because being caught lying about them would always have the consequence of “material adverse impact on our business”.
He warns? Does he now? I know that bashing journalists is a rightwing ting, but these dudes are really complicit in all of this shit. How the hell do you come up with that kind of headline? He warns
@MayonnaiseArch @Five This is why people argue government officials shouldn’t hold individual stocks. He is hoping there are enough people in a position to gut the investigation who own a lot of Tesla stock.
Bingo! If accountability hurts the bottom line, then The Big Money will argue against accountability in any form.
Big Money got a mighty voice.
Big Money make no sound.Hurts 401k’s too.
Those are usually more diversified, and pay less attention to individual stocks.
Pester your hr to invest in less crappy (I’m loathe to say “more ethical”) businesses?
For a “genius”, he sure is slow on the uptake.
He sure is lucky for someone so stupid.
I have to wonder if the entire concept of the business savvy billionaire is just a case of survivorship bias. Not for all of them, but a lot.
I mean, if you get the population of the civilized world together and have them start flipping coins, plenty of people are going to get heads 20 times in a row. Or if they’re from a rich family maybe they only have to get 10 heads in a row.
(Used round numbers for illustration. 20 heads in a row is only about 1 in a million, 10 heads is one in a thousand.)
So much of it is luck, starting from birth onwards.
Yep. I was going to write that maybe somebody like Warren Buffett would stand out as the real deal who is consistent and could do it again. But even if that’s true and he is 100% unique skill, he STILL got very lucky by birth.
He won the birth lottery, as it were
It’s more like, it costs a lot of money to get a chance to flip those coins in the first place, so someone who’s already rich to begin with will get many more tries.
The world tends to find that having an extraordinarily wealthy parent makes its own luck.
If the truth about your business hurts your business, you don’t have a good business.
Are you seriously suggesting that a company (tesla) that does 50 billion in sales is NOT worth three times the value a company that does 250 billion (toyota)?
The Tesla valuation is such a fucking joke. They are a “bigger” company that Toyota, Honda, or Ford despite not even doing a fraction of their outright sales, and likely making less on every single one of those sales. Their only advantage is that they were making electric cars before it made economic sense to make them. Now that everyone else is jumping in they are going to die on the vine because people can get a real EV that costs half of a Tesla and actually works.
Tesla DID have a chance of leveraging their early market presence by either introducing a higher quality or cheaper vehicle that could compete with their new competitors. Their existing presence could have captured enough of the market to stand against them if they had a product that was in the same league. Instead they made the fucking Cybertruck.
Right, so it’s a bad company, like I said.
You were today years old when you first encountered sarcasm on the internet, apparently.
What’s a sarcasm?
Socially acceptable way to be toxic.
Wait, what? Your comment doesn’t read like sarcasm at all.
Yes, that’s how consequences work.
Only for prime under a certain income threshold.
So the purpose of a federal investigation is to ensure the thing being investigated is shut down by the investigation?
If the offense is found to violate federal law, there should indeed be consequences. Hence the investigation part — to determine the extent.
That’s how enforcing law works.
“Well hey, now, let’s not get hasty. If you investigate me for crimes, you will find that I committed crimes! That would be bad for mee. Is that really what you want?”
Yes, that is the point, Tesla.
IE “we lied, but don’t tell nobody!”
then maybe you shouldn’t have lied to your customers about your cars
If it were an established fact that they lied it’d be over
Yeah that’s how it works, you fucked around and something something
So it has the intended effect.
Man you guys love this “gloves are off” stuff don’t you?
What do you mean?
Well yeah buddy, that’s why you used fraud to increase profits.
