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

submitted 9 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 9 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

[-] snooggums@kbin.social 4 points 9 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 9 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 9 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 9 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.

[-] Pulsar@lemmy.world 4 points 9 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 9 months ago

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

this post was submitted on 20 Dec 2023

368 points (97.4% liked)

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