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The sooner the music stops on this monumental fraud the better. While initially starting the race and pushing the development of electric cars forward I’ve got
by londev 7y ago
The sooner the music stops on this monumental fraud the better.
While initially starting the race and pushing the development of electric cars forward I’ve got a feeling Tesla’s implosion will end up denting people’s confidence in them.
- elisharobinson 7y ago"monumental fraud" i take issue with that statement , they have best in class motors and battery mgmt unit coupled with awesome infotainment . the bad things are some choices on service model and huge bet on auto-taxi network .Still i dont think i want to drive anything other than a tesla.
- hodder 7y agoMoreso the fraud is continually committing actual securities fraud: lying about production numbers between quarterlies when Elon knows he won’t make the nums he is promising, lying about roll out dates of cars, lying about roll out dates of factories, lying about Tesla’s cash position and capital raise needs to the market immediately before raising capital, lying about take private deals at 420, lying about short sellers, lying about ex employees who speak out against production quality, lying about the safety of beta features, lying about the solar city takeover, lying about solar city roofs, lying about service times, lying about service costs, lying about resale values, etc. Fake it til you make it is unacceptable behaviour in securities markets. Those are all actual securities fraud that if someone without Musks name committed, we would go to prison, yet Musk gets away with it almost daily. But yeah the cars are kind of cool. Or at least the Model S was when manufacturing quality wasn’t rushed in a mad dash to meet fraudulent promises to Wall Street.
- elisharobinson 7y agowoow thats so much miss information assumptions and truth roled into a meatball paragraph. the only truth is maybe with regards to solar city accusation which again makes some business sense if you think of creating a competitive alternate to coal power . But i digress . lets take everything you said were true then people should sue him, lets the courts decide. also lets just assume for a second that there isnt literal billions to be made by shorting the stock and we live in a fantasy world where wall street ass clown behave honorably and wouldnt meddle with a companies operation just to make a quick buck. now the question of which fantasy land you come from "unacceptable behaviour in securities markets" the same markets which scalp daytraders with HFT , the same market which brought the world close to the brink of collapse in 2008, the same market which controls the health care and water supply of millions and views it as commodity and not a basic human right. I want to be real here for a second ELons whole goal was to accelarate the advent of EV transport which he did by 2 decades or so . He didnt expect tesla to go on for so long nobody did he just kept working one problem at a time to create gr8 products . And still to date there isnt competition for tesla in the price bracket which the fall. be it safety, performance, upkeep cost(cost of gas) and fun value (entertainment and technology) .