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Premature? Is that what we call this now? It's straight up fraud! Others are in prison for far less.

tombert 1y ago
I was about to say this. Elon would go on stage and say something like “and this is something we can do today”, or “coming next year” in 2018. The crowd goes wild, the stock price shoots up. The first time could be an honest mistake, but after a certain point we have to assume that it’s just a lie to boost the stock price.
- mlindner 1y ago
  The stock price hasn't dropped though, the opposite rather.
  - tombert 1y ago
    I know. That’s my point; he just goes on stage and lies, the stock price goes up and it doesn’t appear to correct itself despite the boost being based on a lie.
  - matthewdgreen 1y ago
    I don’t care about the stock price, but I guess I wouldn’t mind a refund for the FSD I purchased in 2018 that wasn’t actually delivered. The high stock price just means the company should have more capital available to issue those refunds?
dlcarrier 1y ago
Not in the US. There's a whole bureaucracy of advertising boards where a false advertising case can heard and appealed before anyone with legal authority would even look at it, which pretty much never happens. Even then, it's a tort, so punishment outside of fines is pretty much non existent.
tejohnso 1y ago
I'm not sure it's fraud because there was always the fine print. But a company selling a car with a feature called Full Self Driving that does not in fact fully self drive, well, that's a company I don't buy from. Unfortunately others don't seem as offended and happily pay for the product, encouraging further b.s. marketing hype culture. Just like politicians, it seems there's no repercussions for CEO's lying as long as it's fleecing the peons and not the elite.
solardev 1y ago
It's only illegal when the insufficiently rich do it.
- DrillShopper 1y ago
  Always has been It's a big club, and we ain't in it.

I was about to say this. Elon would go on stage and say something like “and this is something we can do today”, or “coming next year” in 2018. The crowd goes wild, the stock price shoots up. The first time could be an honest mistake, but after a certain point we have to assume that it’s just a lie to boost the stock price.

mlindner 1y ago
The stock price hasn't dropped though, the opposite rather.
- tombert 1y ago
  I know. That’s my point; he just goes on stage and lies, the stock price goes up and it doesn’t appear to correct itself despite the boost being based on a lie.
- matthewdgreen 1y ago
  I don’t care about the stock price, but I guess I wouldn’t mind a refund for the FSD I purchased in 2018 that wasn’t actually delivered. The high stock price just means the company should have more capital available to issue those refunds?

dlcarrier 1y ago

Not in the US. There's a whole bureaucracy of advertising boards where a false advertising case can heard and appealed before anyone with legal authority would even look at it, which pretty much never happens. Even then, it's a tort, so punishment outside of fines is pretty much non existent.

tejohnso 1y ago

I'm not sure it's fraud because there was always the fine print. But a company selling a car with a feature called Full Self Driving that does not in fact fully self drive, well, that's a company I don't buy from. Unfortunately others don't seem as offended and happily pay for the product, encouraging further b.s. marketing hype culture. Just like politicians, it seems there's no repercussions for CEO's lying as long as it's fleecing the peons and not the elite.

solardev 1y ago

It's only illegal when the insufficiently rich do it.

DrillShopper 1y ago
Always has been It's a big club, and we ain't in it.