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Real answer: Tesla would be acquired before filing for Chapter 7 bankruptcy. Theoretical answer: The cars would continue to function as cars, but network-depen
by freerobby 8y ago
Real answer: Tesla would be acquired before filing for Chapter 7 bankruptcy.
Theoretical answer: The cars would continue to function as cars, but network-dependent features like Autopilot and remote unlocking/monitoring would cease.
- jlv2 8y agoI don't believe AutoPilot is network dependent.
- crunchlibrarian 8y agoMy understanding is that everything in the car is network dependent. You can't run it offline, at least not long term.
- beamatronic 8y agoDo you have a source or citation for that?
- Shivetya 8y agoNot entirely. When they had a recent network outage, site down and such I lost my phone app. It could not talk to the car as it apparently goes to Tesla first. However I was able to unlock, start, and drive just fine. Autopilot, both the traffic aware cruise control and auto steer, worked without issue. now I did not need to use a super charger but one would hope they don't need network access to work and would just keep a local database of cars that are allowed. would be damn silly to require a call to the mothership for each charging session.
- ReverseCold 8y ago> unlock, start, and drive just fine. With the key card?
- Shivetya 8y agono, just walked up to it with my phone in my pocket
- jonknee 8y agoThe part where they sold it based on promised future capabilities is.
- ryanhuff 8y agoYou mean Full Self Driving?
- jonknee 8y agoThat too, but they claim that it will keep getting better: https://www.tesla.com/autopilot https://www.tesla.com/autopilot > Tesla’s Enhanced Autopilot software has begun rolling out and features will continue to be introduced as validation is completed, subject to regulatory approval.
- gammateam 8y ago$20/share Funding secured
- deleted 8y ago[deleted]
- karpodiem 8y agoAbsolutely false. No one is going to financially assume Tesla's $10 billion debt with operations that yield huge negative free cash flow. It's going to Chapter 7 - Liquidation.
- bduerst 8y agoYep - warranties are pretty much voided if the manufacturer goes bankrupt. Unlike bond holders, warranty holders are last in line for being remunerated.
- jaimex2 8y agoIs that the worst chapter?
- deleted 8y ago[deleted]
- Apocryphon 8y agoIt would be a bold acquisition for any of the various tech new money firms from China.
- samstave 8y agowhat happens to all the supercharging stations?
- jonathankoren 8y agoAfter a chapter 7? A landfill. Nothing survives Chapter 7. Everything is destroyed to show it has no value.
- gamblor956 8y agoA Chapter 7 bankruptcy is basically a liquidation sale, meaning the assets get sold to the highest bidder. It is possible that the chargers could get sold, in which case they would remain in service (or in existence, i.e., as collectibles). But they would only get destroyed if they aren't sold.
- bduerst 8y agoChargepoint would definitely pick them up if none of the other manufacturers did.
- jonathankoren 8y agoNot if it’s hard to integrate into their existing network and didn’t provide more geographic distribution.
- chipotle_coyote 8y agoWhile someone else replied, I feel it's worth putting this more strongly: this is categorically untrue. Chapter 7 provides for "the sale of a debtor's nonexempt property and the distribution of proceeds to creditors." http://www.uscourts.gov/services-forms/bankruptcy/bankruptcy-basics/chapter-7-bankruptcy-basics http://www.uscourts.gov/services-forms/bankruptcy/bankruptcy... There is virtually no question that the Supercharger network will be bought by someone in the event of Tesla going under -- another car company, or another company that already operates a charging network, or even a new company formed to run the network. The new owner would almost certainly open it up to non-Tesla customers if that's at all possible, too. I don't think this is just true of this network, either; I have little doubt that all of Tesla will be bought if they collapse, although they might be broken up and bought piecemeal. If I was forced to make a prediction for Tesla's fate, though, this wouldn't be it. I think it's most likely that Tesla will be bought in total by another carmaker within four years, and it will continue as a semi-independent brand for years past that, with its technology being diffused through the rest of their new owner's properties -- and vice-versa.