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Comment by animex

Absolutely. If Martha Stewart went to jail for much less, a certain CEO[1] should be doing some hard time for ludicrous claims over the past 8 years. Some back-of-the-napkin-math: If we focus on the 4m Model 3 (& Y) vehicles sold that had these claims attached and assume that there was a peak uptake rate of 46% declining to 11% as these claims became obviously untrue. On FSD @ an ever-increasing price of $6000-$12000 USD per vehicle. Let's say take the declining rate difference as indicative of the group that was misled. 35% of those taking FSD took the feature because of erroneous claims, generating about 2Bn in high-margin revenue collected pumping the stock and causing investors to pile on creating even more validation of this claim. Pumping the stock also created massive tranche payouts for Musk for hitting certain valuations that should only have been hit when the automaker was truly a runaway success. Musk is incentivized to use this reality-distortion field & cult-like persona to continue lying about Tesla's future for personal and corporate gain.

[1] Edit: Founder -> CEO

parent animex 2 years ago

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