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

submitted 1 year ago by [email protected] to c/technology

35 comments fedilink hide all child comments

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 10 points 1 year ago (2 children)

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

[–] [email protected] 4 points 1 year ago (2 children)

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

[–] kameecoding 3 points 1 year ago (1 children)

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.

[–] [email protected] 1 points 1 year ago

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

[–] OrangeCorvus 2 points 1 year 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.

[–] Pulsar 4 points 1 year ago (1 children)

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 2 points 1 year ago

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