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Tesla blamed drivers for failures of parts it long knew were defective (www.reuters.com)

submitted 11 months ago by throws_lemy@lemmy.nz to c/technology@lemmy.world

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Wheels falling off cars at speed. Suspensions collapsing on brand-new vehicles. Axles breaking under acceleration. Tens of thousands of customers told Tesla about a host of part failures on low-mileage cars. The automaker sought to blame drivers for vehicle ‘abuse,’ but Tesla documents show it had tracked the chronic ‘flaws’ and ‘failures’ for years.

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[-] kameecoding@lemmy.world 10 points 11 months ago

Dont forget that somehow Teslas market cap is 800+ billion somehow based on the hype around a nonexistent FSD, while VW group, Stellantis and the Hyundai Group combined doesnt hit 200 billion

The EV marlet share of tesla hasnt grown in 2 yesrs being stuck around 7-8 percent and afromentioned groups are showing increased sales across their EV portfolios, a smart wealthy man would short the fuck out of tesla as it will not survive more than 5 years

[-] Pulsar@lemmy.world 4 points 11 months ago

I shorted TSLA once and got burned. Tesla stock fan base can keep pumping the stock up for longer than you can hold your puts.

[-] kameecoding@lemmy.world 2 points 11 months ago

oh yeah, that's why I am not doing it either, otherwise it would be a prime short stock

[-] snooggums@kbin.social 4 points 11 months ago

The problem with shorting is not knowing when people will finally catch on and the stock finally crashes.

[-] kameecoding@lemmy.world 3 points 11 months ago

I read somewhere one investor saying, that they don't mind betting against tesla, they have an issue with betting against how long the market can behave irrationally.

[-] Corkyskog@sh.itjust.works 1 points 11 months ago

Tesla is a stupid company to bet against as they are a stock manipulation company first, and a car manufacturer second.

[-] OrangeCorvus@lemmy.world 2 points 11 months ago

Tesla has a cult like following, that's why it's where it is so it might not go down anytime soon. The artificial status will stay. I mean Elon is slowly working towards destroying the brand, all the brands he touches but cult like following is hard to bring down.

this post was submitted on 20 Dec 2023

364 points (97.4% liked)

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