• Christo
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    12 years ago

    @Five
    Musk managed that mayerial adverse impact on our business on his own!

  • katy ✨
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    262 years ago

    then maybe you shouldn’t have lied to your customers about your cars

    • @agegamon@beehaw.org
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      152 years ago

      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”

      • @lemillionsocks@beehaw.org
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        82 years ago

        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.

        • @david@feddit.uk
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          32 years ago

          Exactly. Unfortunately “move fast and break things” has some disadvantages when it comes to driving in traffic.

  • Mina
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    12 years ago

    @Five

    The SEC might also look into the question, whether repeated false claims about Tesla’s self-driving capabilities had an impact on the company’s share price.

    • @UnspecificGravity@lemmings.world
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      17
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      2 years ago

      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.