Elon Musk’s self-driving Tesla lies are finally catching up to him

They’re not. Yet. But they will, and it’s good to see a major publication call Elon and his lies out without mincing words. Now if only the SEC would do its job.

I sense an Enron moment coming for Tesla. Enron went from a $90 stock to a 12¢ stock and in bankruptcy over a 15 month period. It started with a lawsuit and an SEC investigation. Many similarities between the companies false claims and their bookkeeping practices.

>Now if only the SEC would do its job. Sadly the SEC seems to be MIA, and the current US admin doesn't look like it wants to fix that issue. The tech bubble (self driving, AI, you name it) and a lack of regulatory enforcement will make the subprime crisis look like a walk in the park.

I think you mean “They might” and “Will probably need lidar” if they want to work in less than ideal weather.

I won't be surprised if he doesn't step away from the company he fake invented and takes the whole shebang underwater.

Could be, but I‘m still prepared for a final robotaxi pump or a while sideways at least while TSLA pulls new rabbits out of their hats. So I‘m short, but not yet all in short.

The current class action is limited to California. Is that right?

This fuckface needs to be in prison

One of the reasons why his lies were so successful is because media would accept any claim made by Leon as an unconditional truth. They were (and some still are, to some degree) complicit in the scam and in a just world they’d be also legally liable for not doing their due diligence job as journalists. But of course they won’t, and it’s also not clear that Leon ever will be.

Yeah but it’ll suddenly veer over a double yellow into oncoming traffic, so he won’t have to worry about it

Somehow bad news for Tesla means good news for Tesla stock and Elon. When will it end?

They don't care because when the bets don't pay off we will bail them out with public money. The financial collapses are part of the plan.

"c/81nt"

"Too big to fail" worked for some time, but with the current US public debt... It might not last for long. Without bail money, things will get ugly.

I had a Tesla from Feb 2018 to July 2025. It has been destroyed. I hope I can still get some reparations from this shitbag

Those of us who paid $6-8k for FSD should get a refund.

Nazi liar

Dunno. Down almost $15 as of right now (not that that means anything, until it does)

It's more than that, though. Because Tesla succeeded at EVs when everyone said they wouldn't, and because they basically pioneered the industry (especially the supercharger network), that laid the foundation for him to lie his ass off and have people believe him (including the media). Then, when every business he invested in was "forward looking" on the innovation curve (satellite internet, space exploration, robotics, etc.) all the tech nerds fell in love with this guy. He was doing what they felt the government should have been doing, but weren't. And Musk has milked it for everything it's worth. But reality is coming due and people are realizing he's ultimately a con artist. At some point the media will turn and descend on him like hungry wolves.

Did people really think that if autonomous driving was so vastly profitable for cabs that Tesla was gonna share the wealth with some bozo leasing a 40k econobox with the govt paying 20% of that? Teslas stock is expensive because their vision is to create a walled garden- be it through economic stagnation or a moral panic about bad human drivers- where car ownership is a luxury and everyone else gets to subscribe to an autonomous cab service. Like everything else in this feudal digital world, we own nothing and pay for the right to survive on an electronically fenced plantation. No part of that model involves helping randos get a piece of the pie. On the contrary, they are so hyped on this model because you don’t even have to pay a driver!

I'll tell you exactly how it would work, Trump's buddies would get bailed out

He's still pushing the robotaxis coming soon™️ so be careful. This lawsuit will prove Tesla lied about FSD but then they'll just release the cybercab and claim "this time we're serious" and the stock will pump.

If it’s anything like vehicle class action lawsuits I’ve been involved with in the past, the settlement will be $200 off a new Tesla purchase.

But they can… I own one. I have it drive me literally everywhere.

Not at all the same. Enron was doing some highly illegal shit behind the scenes.

I imagine if it works there, there will be a lot more. How many people paid for FSD because of misleading claims and are just out of their money once they sold their Tesla? It doesn't transfer to the new owner so you can't even recoup any money spent on FSD by selling the car.

Where has Elon been? He just dropped right off the news cycle.

This was my thought as well. Until the house of cards collapses and the CEO and company are held accountable for selling vaporware, they are still doing just fine. Remember Musk could lose 99.5% of his wealth and still be a billionaire.

Exactly!! I‘m hedging my short stock with selling short puts. That helps me cover the bleeding from the pump ups. It will be difficult to time then big bust down when the fanclub realizes that robotaxis won‘t earn much money for TSLA, even if they will do what they should at some point.

Elon already defeated the SEC when trump won

Before Enron collapsed only a few people were saying the emperor had no clothes. With Tesla it’s clear and in the open how bad the fundamentals are and that anything Elon says is a lie, yet the stock hasn’t fallen. There will be no SEC investigation under this administration. If the stock hasn’t fallen yet I don’t see why it would in the foreseeable future.

Ahh yes, the World Economic Forum line about not owning anything and being happy. That really didn't have great optics.

Open corruption is in full swing in Washington. Dumb ass fElon is butting heads with the master corruptionist!

I think it'll be telling which model they settle on. If they go the route of Amazon DSPs where they take a fee to enter the market and then sell you the tools to operate the business (the car + software subscription), we'll know that the actual car ownership isn't where the money is made. Tesla will take their profits out of the software + HW and leave the owners with crumbs and a huge liability exposure. On the other hand, if they go the route of owning the entire chain (e.g., by doing a "yeah, so we needed to introduce new hardware for the robotaxi that we can't sell to consumers"), we'll know that the original idea would have been profitable, but they won't be willing to share.

SpaceX could just buy it and then problem gone.  Seems to be what he does with failing companies.

Even Steve Jobs realised the Newton was shit. Then later came the iPad.  Musk seems to lack that.

It’s not just the payout, it’s the message it sends - Elon admitting he did not deliver on his promise. Whether or not Tesla does the whole “we admit no fault but we’re paying out anyways” it’s still a black eye

He’s very busy running Tesla! Like he said! That’s why they’re doing so great all of a sudden! Line go up! Arm go up! *D’oh!* Oops. Betcha did Nazi that coming. /s

Like falsifying sales and then hiding cars, charging warranty claims to development budget instead of taking as expense to juice profits, paying vendors highly in arrears or not at all to again juice profits, falsifying crash information to make FSD appear much better than it really is to inflate stock prices? Tesla is just as shady, just in different ways.

I am not a fan of Musk, but FSD works well in the Raleigh NC area. I use it 90% on the time (supervised) & I usually intervene once or twice per trip. On longer trips, it really cuts down on fatigue. I am in my 70s and my wife prefers that I use FSD. The only reason I still own a Tesla is FSD. There are lots of good EVs on the market now, but none have a better driver assistant solution.

I can't wait for Tesla to crater. Someone has to be propping up that stock for it to still be so high.

How cute that you think Tesla’s accounting isn’t fraudulent. Remember when they lost a CFO in, like, one Scaramucci? Totally normal accounting methods. Nothing to see here and definitely no fake deliveries.

Just so we are clear, self-driving cars are already a reality, and work VERY well. I live in Phoenix and every 5th car is a Waymo now. And honestly? I love it! Self-driving is a pipe dream for Tesla because none of its cars possess the technology needed because Elon is a fucking moron, and won’t admit that LiDAR is necessary. Waymo will be everywhere in the next 5 years, especially with how little this current administration seems to give a shit about regulation.

Good we let him kill every investigation into his companies. Oligarchy is great.

But don't you exactly show the issue here? Of course it is a great solution for driver fatigue, but with one or two interventions per trip it can never drive fully by itself. How can Tesla run a cab service with these numbers?

And you are 100% liable when it makes a mistake

The stock price says they aren’t.

Good times!

I honestly don't even use FSD anymore. It's like driving with a teenager that doesnt know how to drive.

This is just market volatility. Every August September this happens

We can only hope. This farce has gone on way too long.

> Then, when every business he invested in was "forward looking" on the innovation curve (satellite internet, space exploration, robotics, etc.) all the tech nerds fell in love with this guy. He was doing what they felt the government should have been doing, but weren't. Yep, this is exactly what it was. Elon Musk's mythos from a few books and his early endeavors with SpaceX is what set the stage for everything followed. Musk claimed to be (still claims to be) this selfless billionaire who isn't concerned about material wealth but wanted to invest in clean energy to save the planet and space exploration because it would lead to technological advancements worth spending money on like the Apollo program did. That really appealed to disaffected liberals who were disappointed about the G.W Bush administration getting the country into two foreign wars, blowing up the budget and eventually the wider economy via the GFC. Musk basically sold them on the same kind of vision they were hypothetically attributing to what a Gore administration would have looked like along with the idea that they wouldn't have to worry about government funding or defense focused aerospace contractors to make it happen. Of course in reality SpaceX benefited heavily from a massive push by congress and Obama administration to essentially private the launch services industry and Tesla would have bankrupted itself without grants, subsidies, ZEV credits and so forth from both the federal and state governments (California in particular). Musk's superpower is being able to attach himself to good causes, claim that he alone is both responsible for any successes and integral for achieving all the high level goals and vastly enriching himself in the process. Of course once he was on top of the dog pile wealth wise his tune changed and he readily backed a political movement that is about as technology and science backwards as you can get. Lots of people just fell for his grift hard in 2010s, ignored the numerous red flags and spent years explaining away his bad behavior as being some odd eccentricity or "Twitter addiction" when in reality he's just an asshole who was never as smart or capable as he claimed to be in the first place.

Ok but people have been saying this now since at least 2019

Surely they've properly accounted for residual values, since Musk has indicated that their vehicles actually go up in value over time.

There are many that are actually handsfree on highways, Ford's SuperCruise for example.

It was supposed to go from LA to NY without intervention with HW1 about 8+ years ago. I can understand why someone who bought FSD in the early days may feel differently after paying $10K extra for it back then. I highly doubt even HW4 can do Level 5 any time soon.

Sir, this is a casino!

>Just so we are clear, self-driving cars are already a reality, and work VERY well Oh I know mate. None of them have a Tesla logo (worth more a than a trillion to date...) though.

I’m aware, I even said so in my previous comment.

>I use it 90% on the time (supervised) & I usually intervene *once or twice* per trip. That is not acceptable.. imagine saying the same thing about a laundry machine, "I usually intervene once or twice per run".. that manufacturer would be broke faster than a crack head that won the lottery.

You fell for it?

Is this the reason that TSLA stock price plunge today?

I’ll believe this headline once I see it posted in other Tesla forums and not just RealTesla.

Can you explain how this strategy works?

Yep. After Bush the world was desperate for "saviors". That's how Obama beat Clinton... people wanted an outsider to save them (or at least genuinely try to fix the system). A big part of me wonders if guys like Musk were "pushed the front of the line" by the deep state / entrenched oligarchy. I mean, it's not hard to take risks and succeed if "the powers that be" behind the scenes have given you the green light that they'll have your back along the way.

Yeah. My partner and I spent $12,000 and now feel very cheated.

They should still get a refund.

Or you can read the linked Forbes article for more than the headline. Then read the public filings for the cases mentioned.

[https://archive.is/2Oco5](https://archive.is/2Oco5)

Please keep an eye on your mail. If this class action is successful in California, your state (if you don't live in Cali) could be next.

Of course self driving cars are a reality, but I’ve yet to see how it makes any sort of sense financially in the near to medium term future.

They can't release any cybercab, it doesn't exist and would not be allowed on the roads anyway.

But Enron didnt have their CEO installed as a "special government employee" with access to deleting government files and firing anyone competent who might investigate them.

It‘s the opposite of covered calls. Covered puts. You go short 100 stock, say sell at 320$ (today more or less). At the same time, you sell e.g. 290$ p 40 days out. If the stock drops to 290 or below until expiry, you cash in the premium and your short option gets assigned. So the short gets closed. If the stocks goes up, you lose on the stock but you keep the full premium.

Selling anything TSLA 40 days out has virtually infinite risk. If you are not making infinite money doing that then thanks for your service because you are giving away EV to everyone else on TSLA options. With the current IV delta .1 sometimes makes sense if you sell for the next week or two.

They could hobble it together. In a parking lot. To say they did it. This is Tesla after all! But yeah it won't be allowed on roads so he'll pull the "it's ready pending regulatory approval"

Going to end up being a cyber truck that locks all passengers in and immediately incinerates them. Musk will declare it a roaring success,TSLA stock price will hit $500 and the TSLA incel army will rejoice describing the passengers dying screams as a bunch of “triggered woke DEI libruls experiencing a musk induced group orgasm”.

But AI/ camera data fed through Grok will be vastly superior to actual sensors one day! /s

The risk on the short put option is negligible because it‘s covered. The risk is on the short stock is big, indeed!

Tesla will be one of the greatest failures of our time. I think Space X's spectacular failures are a great metaphor for everything tied to a liar who tries to deregulate everything

And that's the thing. Tesla FSD ^^supervised can be technically impressive but also completely miss the mark from what was promised. Both are true.

It's not negligible if you don't want to own TSLA stock and the risk depends on at what price you sell. I don't think you been doing this for a long time am I right?

I think for Musk specifically it was just a matter of luck. Musk has an actual messiah complex which is part of why he does all this too. It's not just about getting rich but him also legitimately believing humanity is lost without him and part of why he makes some really terrible investments too (like The Boring Co and obviously Twitter too). When it comes to the powers at be kind of thing, I think it's more a matter of him and the few tech oligarches he's friendly with believing they are collectively just a better breed of people that know better than the citizenry of how guide both the country and industry at large. That's why they want this ancap wet dream of network states which are just old company towns with some crypto bullshit layered on top of it really. Most of them are smart enough to just sit in the background funding things and putting people into useful positions though. Musk for his part loves the spotlight and needs that public confirmation that he's indeed their savior so he's incapable of doing that even if it ends up destroying his companies like we're seeing with Tesla currently. I think more than anything the powers at be in the Democratic party just repeatedly shielded from prosecution in the 2010s over fear that him being prosecuted would given the GOP the fodder they needed to completely kill off BEV and renewable energy programs. In truth he should have been removed after the whole funding secured debacle and his continued fraudulent claims about the state and capability of Tesla's FSD/Autopilot system. Essentially this kind of ideological parasitism that he practices publicity wise is effectively regulatory capture in a lot ways.

You didn‘t listen: covered put is a short stock position AND short put. If it goes in the money, I‘m forced to buy at the strike which covers my short stock. So I own 0 at the end. It‘s the oppsite of covered calls: if you go in the money, you lose the stock. Short put you force to close the short stock.

where is the class action suit against Tesla's board?

Any fool knows that was foolish marketing yet fools with deep pockets bought it. Goes to show fools have money too

hmm. Maybe. But he's buddies with Theil and that dude is fully embedded in the deep state. Then Musk's involvement with Ukraine and Starlink... I mean, maybe he's not fully embedded, but that's the feeling I get. It also sort of explains how he was able to attack Trump and basically Trump did nothing. It's like he's a state asset of some sort and as such is completely untouchable... whether he's always been one or got co-opted along the way, I don't know. It would explain, partly, why the SEC turned a blind eye to what was obviously securities fraud.

Have you taken an Uber or Lyft in the last 5 years? Posed with taking an Uber or Lyft and having to potentially (way more often that not) deal with the crazy fucking driver, I’ll take the robo taxi that’s devoid of crazy humans.

He makes Elizabeth Holmes look good and she is in jail. There is so much BS with his claims and FSD is the tip of the iceberg. Tesla Solar, the Boring company, electric semis, spaceX mars colony, all a bunch of BS.

It's 8 years late and counting and will likely never come to cars with HW1, HW2, and HW3. It's not impressive for those who bought on the "promise."

Been saying it for years. Still waiting….

And interest

Well my puts r up in Jan 2026, can we speed up this Enron story please.

U forgot to include the special K in your future predictions. maybe rephrase it as a musk ketamine induced group orgy

Yes....stupid in hindsight, by remember there was a time when we thought he was sincerely looking to save the planet, and the rhetoric was quite masterful.

Not really. He's gotten away with it for over a decade and cashed out billions in stock with blatant fraud.

Cyber taxi includes a panic suppression system which atomizes liquid ketamine for dispersal via the cabin’s HVAC.

Well shit, I’ll take one for a spin then.

Don't hold your breath on the SEC doing anything in 2025...

I'll believe this when Tesla stock takes a nosedive. It really doesn't matter what Elon says or does until this happens.

That photo of him is legitimately haunting. There is no soul behind those eyes whatsoever.

Sure, and I don’t disagree, but you’re never going to make that robotaxi cheaper or more efficient than 3 immigrants sharing a clapped out Toyota Prius they bought for $3500 running 24/7 365. The robotaxi industry is burning through billions of dollars in an effort to do what? Replace a guy who lives on $5 a day and currently pays for ALL of the operational costs himself?!? Make it make cents.

Unless you don't like the rapist.

Unfortunately, those college kids who were trapped in that CT that burned after hitting a tree at over 80 miles per hour didn't know about the manual release. There's a button that will click the lock off and slightly push the door ajar when powered by the system. There's another pull on the door button cluster with an emergency symbol on it that when pulled, it will open the door lock manually when the vehicle doesn't have power. The owners manual clearly defined this operation. The manual is available on the screen in the car, in the app on the owner's phone, and available to the general public on this website...https://www.tesla.com/ownersmanual

Except these settlements always have a clause that says the company doesn’t admit to any wrongdoing.

Too bad. I use FSD every day and it’s amazing. I never touch the car controls.

You all do realize that Tesla is a lot more than just selling cars ? I love selling Tesla covered calls every week. Great source of income.

I have had 3 Teslas, and yesterday I bought a Hyundai Ioniq 5. I bought FSD 3 times, and tried it for a few months and then diabled it; it was dangerous. The Ioniq has V2L, so I can run appliances in my house when power is out. This is another thing that Tesla had promised but never delivered.

>Make it make cents. Do you mind if I steal that one mate?

“Your vehicle exit points are described in the owners manual of the cyber taxi. 1. Use your extensive crisis management training to avoid panicking, ignore the pending disaster and stress responses of fellow passengers 2. Locate the owners manual. If the vehicle still has power this can be located in the cabin’s touch screen control panel, if unavailable use your personal smart phone to obtain a copy of the owners manual. 3. With a copy of the owners manual you should be able to confirm whether the vehicles doors have power allowing a quick egress using the emergency door opening control. If the vehicle does not have power locate emergency door pull. Good luck following these 3 easy steps as the vehicle cabin fills with smoke, flames and panicking passengers!” Edit. Did I get that right?

All your’s!

I think we agree the stock price isn’t going down. But it seems you think it’s because of non automotive revenue streams? I think it’s because the richest man in the world is pumping up the stock price any way he can & there are no penalties of doing so.

I know from personal experience that FSD supervised is available and functional on the new model Y. It will drive on to and exit highways, unlike waymo. It drove me over a thousand miles on the road trip i took in July. Highways, byways and regular roads, county or city, lane changing, u- turns, roundabouts, and any situation I've encountered in the last several thousand of miles I've had it drive with minimal intervention. I do understand that models sold before this one were not at the same level as this, even though it was promised it was. As far as I know, those owners are eligible for a hardware replacement or update to get it to the level promised. Hate on the baboon all day, but the tech created by the thousands of tsla employees works. Look at the tests of the ride hail service being tested in Austin, TX. They are using the same model Y that's currently available for consumer purchase. As an owner of this '26 model Y, I was told that this model will be available for order without a steering wheel, so that'll be next class action in 5 years 😉

Serious question - When did you get it, and what was your expectation at the time? Did you expect that in a matter of months or a year you'd be able to take a nap? Or did you expect that in the near future you'd let your car leave the house and make you money and come back to you?

No, read the manual before operation and notify everyone that gets into your vehicle. It's like the latch release they added to all trunks. It's not that hard to see the same emergency symbol on the pull that's above the window buttons on every door.

Wait till end of the year bro...trust me bro. It's almost ready...please bro.

Full self owning… right around the corner

Reinventing how doors work, TESLA is just so innovative there are emergency pulls and buttons, people are just too stupid to use them.

Or, better yet, the guy who is able to offload his risk and costs onto others without paying for it. Who needs insurance? It's not like the customer is in a position to verify it. Who needs to pay for maintenance when there are 100 small local mechanics that can't verify whether you can pay for the repair until after it's done? Who needs to pay for maintenance when there's identity theft and stolen credit card numbers? Who even needs to buy a Prius when you "borrow" something from family/friends or can rent one from Hertz and run it into the ground?

Re-read my comment. I understand that.

Tesla is doing worse

*I fought the law and the law won* - Elon Musk

Didn’t they say it’s just corporate puffery?

I'm sure those on the left are forming lines around the block while the right are just as eager for EVs Don't even get me on the nazi salute seen across Europe Let's not forget the model whatevers cost more and offer less customization than BYD!

No soul, replaced by ketamine

Appreciated!

Stock price will hit $500 by the weekend!

He raised the price on the s and x 15,000 this year. A model s base went from 75k to 100k, car came out in 2012 with some updates, but they look the same. 8 years is a long time for a car, ten years is ancient, if a 2012 s could make it 20 years it’d be able to wear antique tags. The original Tesla roadster is an antique now.  Everything is on that platform and they took lidar out along the way, and proximity sensors.

Hope it’s before Oct when my puts expire :(

There is a design flaw in replacing "pull handle to exit" with multiple lines of if/then pseudo code operating instructions. While defending Tesla, there is an inference that the kids were too stupid to save their own lives, and I disagree with that. The simple answer is the doors suffer from a major design flaw. Chernobyl had an off button built into the back of the control console that nuclear engineers didn't have ready knowledge of. Tesla suffers from bad design.

The US is too big to fail, too. We’ll still find lenders… until China stops playing ball.

The punchline is that he spent $200m on the political influence to avoid any risk from this sort of thing, but blew up the relationships within months because no one can stand to be around him even when he pays them to be there

This was years ago, before anyone knew he was a fascist and racist. I've long since let the lease expire and turned it in, and bought a different brand. At the time, I thought it would work well primarily for long-haul highway driving, where you could relax a bit and still be present (and awake) but less engaged in monotonous driving. Back then, it didn't occur to me that a business owner could blatantly lie, especially if heading a publicly traded company with oversight from the DOT. Now we understand the reality, that there are no consequences.

Genuine question: as a society, why are we so incredibly vulnerable to con men? Is it just because they look like they’re rich (even though it’s all their parents’ money)? Nepo baby comes out of nowhere with zero technical background and claims he can do the impossible. And that other impossible thing. And that other impossible thing. All in an impossible timeline. Yet somehow instead of having them committed or even just snorting and walking away, we somehow say, “wow, that’s amazing, here, take my money/vote”? I don’t get it.

Self driving cars still have to overcome environmental problems. Those work in Phoenix only because the weather is suitable for it.

At some point, Elon will not only be out of rabbits, but out of hats.

Most people take shit at face value cause it’s easy

Right, overcome is a strong word, I mean Waymo is in LA, San Francisco, Austin, and Atlanta, although the Waymo might be marketed as an Uber in the latter two. It’ll creep across the country, I don’t think environmental is going to be as big of a hurdle as you might think, and even if it is, there are enough very large markets with little to no environmental concerns that aren’t any of the major cities I just listed. And like I said before, the current administration has made it abundantly fucking clear that regulations aren’t going to hinder anyone, which I think these piece of shit tech companies will take advantage of.

Have you ever considered that administering a brief safety exercise regarding primary and secondary exit points and their mechanisms is a perfectly normal thing to do before you drive anywhere?/S

Tesla implodes, tariffs hit, AI bubble revealed, Epstein/Ukraine/Gaza SNAFU, and October is just a few weeks away. Time for the perfect storm.

Funny that that's why I always called him "Enron Musk".....

And yet … YET … the stock is still above $300 and hasn’t fallen back into the $200-$250 range. Even after the Trump fall out. Explain it. Because it makes no f’ing sense.

> I am not a fan of Musk, but FSD works well in the Raleigh NC area. Damned by the word "well". > I usually intervene once or twice per trip. So once or twice per trip it would kill you, if you weren't paying close attention. That really scream "works well". >On longer trips, it really cuts down on fatigue. Blue Cruise from Ford works "well" on long trips. I assume GMs version does too.

Does the SEC even matter under a Trump administration? If Musk buys some $TRUMP coin, he can have them defunded.

> Ford's SuperCruise for example. Ford is BlueCruise. I think GM is SuperCruise.

> I’ll believe this headline once I see it posted in other Tesla forums and not just RealTesla. How myopic of you, considering none of the forums are the source for the headline. It is funny that you seem to feel that the "other" Tesla forums are unbiased and/or accurate.

> Look at the tests of the ride hail service being tested in Austin, TX. They are using the same model Y that's currently available for consumer purchase. Yeah, and it's been a shit show as anyone following the situation knows. >They are using the same model Y that's currently available for consumer purchase. The one that had everyone holding off on their new Tesla purchase? The one that was going to save Tesla?

Well he literally DOGEed potential investigations by firing all the possible adversaries. Now he’s made peace with the Vance Train it will be awhile a potential SEC hammer come his way

Appears I’ve misspoken. I assure you I already *believe* the headline. I’ve sold our 2 Teslas and have a small short position in TSLA. I should have said something like: “I’ll believe the general consensus aligns with this headline when I see it in the other forums.” I’m sure the downvotes will continue as my meaning wasn’t clear at all.

Can Canadians join the FSD class action?

Why is anyone surprised? This is like the thousandth lie he’s told

When the AI crash comes, Tesla will be the biggest casualty. It’s been a long time coming.

I could easily be convinced this was masterful sarcasm

I guess it depends on how far out you look. Obviously Waymo (i.e. Google) think it'll eventually pay off. And Baidu (the Chinese version of Google, the other big player in robo taxis) thinks it'll pay off. I don't know how long they expect it will be to make money, but I wouldn't bet against either of those two companies.

When the AI bubble bursts, so will TSLA’s

when the powerwall came out, media drooled over it and acted like elon was the messiah. 5th grade math proved it could never break even once installed. elon could be face down in a mud bog with monster truck tire tracks on his back and a spear sticking out of his head, and he'd still say "it'll be here in 6 mos i totally mean it this time part 19" and most media would grovel one more time. track record is proof enough. he's an unmedicated bipolar loudmouth charlatan with deep pockets. that's it.

Lawsuit definitely. Any kind of government investigation unlikely since he fired everyone investigating him.

My model Y drives me from parking spot to parking spot. What more does it need to be called self driving if I’m not driving it??

I'll fly into space on one of his spaceships after he's done it 10 times. It's always perfect but he himself never participates in these claims

What else are they?

There are plenty of diehard Tesla fans. They do not want to accept the fact they have been fooled.

I’ve heard this soooo many times….and here he is, still there. I really want it to be true, I genuinely detest the man…but he’s like a cockroach, you just can’t get rid of him.

Proof once again that using Daddy's money to start companies does not qualify you to be.... anything.

I would love to get my money for fsd back

Between Elon personally dismantling the regularly agencies and the judicial system shedding its last traces of integrity, I doubt either will be an issue.

I thought maybe it had come when their stock started falling last year in August for awhile low 200's and then they rose; and again I thought so this year when it went low 200's again.. and then it rose again. It's sitting back up at around 320 where it's been perched for a little bit. Some bs going on there for sure.

I was close to falling. Test drove an S, but didn't buy it at the time. Then 4 years back tried a 3, but hated the lack of luxury given the price point. Over the last three years I caught onto the lies.

What confuses me is why everyone keeps talking about China like they own all our debt. They are actually third, behind Japan and UK.

I'm in Chicago and environmental factors are here maybe 20 days a year. More if you count ice at night.

>Yes....stupid in hindsight, by remember there was a time **when we thought he was sincerely looking to save the planet**, and the rhetoric was quite masterful. You 'bought' that too?

Negative earnings will lead to S&P deletion, possibly as soon as reported, certainly in time, as it would only remain there despite this if the fundamentals were perceived to be good. I expect the Index Committe want shot of it and it will exit sooner rather than later. Many hold TSLA because it is an S&P 500 stock. If they then sell I expect this will overload the 'buy the dip' Branch Elonians, and I posit this will lead to it falling, all in the foreseeable future.

I agree that there will be no SEC investigation into TSLA under this administration. As much as I want to feel schadenfreude if/when the stock takes a tumble, it will be artificially elevated as much as possible in the next 4 years. This administration is committed to their portfolios and will do everything in their power to stop any sort of downturn in the stock market. Although I am curious to see what will happen to TSLA one the federal subsides run out at the end of Q3

These guys who claim they rarely have to drive because FSD is just so good, are completely full of shit.  It doesn’t even work well on a mostly empty highway.

Not CAN but WILL be able to. If you have had or been the passenger yelling !STOP! you have experienced how it works currently. Last week my Tesla was suddenly braking, I was about to stomp on the accelerator when I finally saw the jaywalker which Tesla saw 2 lanes over.

My feeling is TSLA will be the canary in the coalmine for an AI dot-com bust. Once the wool has been removed from investors eyes...

AFAIK, she has an "advisor" for a new company, started by her partner, aiming to do bloodtesting with lazers and ai and fancy thingies. Make of that what you will...

From now on, do this, but sit in the back seat and fall asleep. Or put your kids in it and send them off somewhere by themselves. Then you can call it Full Service Driving all you want. Maybe Elon will be your friend.

The same day the stock hits 12¢ the sychophantic board will surely award him another $28 billion bonus for the swell job he has been doing.

My Tesla drives me 45 minutes to work without any input. I literally don’t touch the steering wheel or pedals.

There were LOTS of people looking at Enron before it imploded. And every historical bubble was surrounded by media warning of its instability before it burst. “Gradually, then all at once” is an old saying for a reason.

Not enough people are considering what happens to Musk when the left gets back into power. They could literally shut down all incentives to his companies and restart all investigations into his companies, and then some. Don't get me wrong, if Democrats get back into power, they'll do what the corporatists Democrats always do, assist Musk in anything and everything he needs no matter how much shit he talks and how much fraud he commits. Hell, some top Democrats are gleefully invested in his companies. OTOH, If progressives get into power... then we may see them actually cut him off from the incentives his company doesn't deserve, and validly investigate him. Case in point, Musk/Tesla were already pumping out loads of rhetoric against Democrats when the IRA was passed... a bill that was changed to primarily benefit Tesla over every other major OEM operating in the US. It wasn't about boosting EVs and reducing greenhouse gases, it was about boosting Tesla and Musk.. It wasn't about stopping Chinese imports, it was about boosting Tesla as they used a loophole to get the full $7500 tax credit on cars built with battery packs imported from China for all of 2023. Did the Democrats do anything to slow down government contracts to SpaceX, or to regulate the risky nature of their Starship launches? Of course not. Did they demand an ownership stake in SpaceX... given that the US government has funded the company for billions upon billions of dollars? Of course not, they increased the contracts. Did the Democrats of Nevada stop The Boring Company from building a completely ass backwards Tesla advertising campaign at the Las Vegas convention center called "the Vegas Loop"? Of course not, they facilitated it. Have the Democrats done anything to stop Tesla from risking peoples lives to test their autonomous driving services on public roads, relying on untrained customers to stop the cars from killing people and themselves? Of course not.

Those who paid should not own cars.

The right to be protected as a consumer from either financial or product fraud should not be limited to people of a certain race, political affiliation or any other inequitable criteria.

If you truly believe these are “lies” then you’ve clearly never used FSD.

Jobs for all that he was a godawful human being seems to have actually had a really strong intuitiom for what a product should feel like in hand and a certain pride in craft that he WANTED to ship that best version. Musk, meanwhile, has no such pride. It's too hard and his brain is rotted out with substanceless memes.

I must be out of he loop. I thought she was in prison.

Tesla's are amazing vehicles.

The signs that he was not into saving the planet have been there for around 20 years. I still remember the disappointment of hearing him criticising other EVs on the market, like the Nissan Leaf, despite them delivering on what he claimed was the goal(making affordable EVs). But I can understand why some people needed the pedoguy scandal to start opening their eyes.

Since you were so insightful as to see through him from day one, tell me about the advocacy you did around that at the time. Did you blog about it? Did you try to convince others that everything about Tesla was a scam? It's pretty easy just to say, many years later that you knew all along and you were smarter than everyone else and that everybody who listened to him or tried his products was an idiot... With zero evidence.

Same. I'm short a bit but fully expect Tesla and Musk to lie even more until the end. And I'm in it to see the end and will increase my short.

she is, thats the fucked up part ;)

The floodgates are opening and the vaporware salesman of the millenium has some questions to answer I dont think this is going to go well for Pony Stark or Tesla

To add, 30% of the US debt is owned by foreign entities. China only holds like 10% of that 30%.

100% the funny thing is he's going try to borrow against Tesla shares to lobby in the upcoming election which is just going to make the inevitable CRSH more likely

Out of millions of sold Teslas, how many accidents were caused by the autonomous tech. rather than the person behind the wheel or an other car? I'm pretty sure its less than accidents caused by human drivers. Also Elon Musk wtf was that hand gesture salute... it doesn't help Tesla's image.

You're comparing Enron to Tesla? A company that deliberately comited financial fraud vs a high tech company that may have fallen short on some of it's promises is the same thing to you?

I didn’t make the comparison but yeah, I think there is fraud: changing odometers to avoid warranty repairs, misrepresentations on FSD & robo taxis, & stock manipulation come to mind.

Being alert and ready to intervene at every trip sounds more exhausting than any possible driving fatigue.

Newton predated his second tenure at Apple

That's so weird.. my Tesla just drove my family home 6 hours, no issues.

This is what is so bizarre. It a clown company with no real IP to speak of. The car sales alone will make it worth well under 10% of its market cap. FSD is a joke and will never work. You know this, I know this and Elon knows this. There are other forces at play that prop this market cap. I just don’t understand it.

You were not in the drivers seat? Wow. That is interesting. You should do a video of no one in the drivers seat and the car driving 6 hours.

You should have your licenses suspended until you get some driver training

You were not in the drivers seat?

So I occupied a space but did not touch the wheel or pedals. What is your point?

You are not being honest is my point You were in the drivers seat and responsible for any damage or injury. If it can drive itself put your child in the back seat and send it on a trip. Report back when no one was in. The drivers seat,

The car drove itself. I entered a navigation endpoint and it steered, changed lanes, increased speed and braked and got me to that destination with no input from me The car drove itself. I may sit in the cab of a subway car but that does not mean I'm driving it. I'm not the one twisting reality because I hate someone.

That is just not true. Prove my point, send the car out with children in the back seat. Even if it was true, it is not, one trip is a data point and does not prove anything In the cab or subway do YOU sit at the controls. If the cab hit a person are you the responsible party? What a bullshit anlogy

Lol.. my whole family was in the car and it drove us home from Disney world. But yeah, totally, my very real lived experience didn't happen because you hate musk.

Again were you in the drivers seat. Did you pay attention to the road? If not they should take your kids from you

Can't they just make the earnings up? Who would stop them the SEC?

Work well for who? I remember Google worked well in the 2000's. Facebook had no advertising then. Then the enshitification comes. Self driving cars as a concept are great. But look around. You don't live in the United federation of planets. This isn't a utopia. It's a capitalist dystopia. If you are poor you will be rerouted into traffic moving at 5 miles/h and be bombarded with loud ads while you wait for hours to get to your destination while paying for the privelidge while people richer than you get to their destinations traffic free in minutes. And they solved the trolley problem if you are poorer than the other guy you will die.

Failing? Uh… right… you might wanna look at Tesla stock.

stock price is based on hopes and dreams at this point and bears no relation to the collapse in vehicle sales or the fact that the market is swamped with AI so who cares about yet another one? Self driving cars any minute now, I can sense it...

They’re quite far from self driving cars. However, at least they are now up and running. Stock price definitely has a relation to the health of a company and sales sometimes but not always of the company. Either way, I don’t think it fits the criteria of failing. You want to know what companies are failing? Look at At Home. There’s a prime example.

up and running what? humanoid robots that look pathetic next to Boston Dynamics? AI that is no better than the rest? Forget about self driving, where are the new Tesla models? There hasn't been anything in what, 5 years? You can't count facelifts and cybertruck in this context. Teslas look very dated now. and mango man being anti anything EV/green is not going to help here either, nor are the tariffs that will push car prices higher.

That doesn’t seem to be affecting the company as much as you think. I’m under the impression that every company Elon Musk owns probably has a lot of built up cash by now cause he essentially operates a bunch of conglomerates. When you’re worth $350 billion or whatever it is with the stock the company has now, that definitely does not fit the criteria of a financially distressed or failing company. Like I said before, a prime example of a failing company right now is At Home. In Chapter 11 Bankruptcy, trying to reorganize itself to continue operations, downsizing operations by closing some stores, and reorganizing its finances by whatever means possible.  Tesla has survived bad market conditions over and over again. I don’t own a Tesla and I’ve never bought anything from Musk. However, I can assure you that they’re very far from what would be considered a failing company. Maybe if Godzilla targets every Tesla dealership and store, maybe then I would consider them failing. However, definitely not now. Regardless of my or anyone else’s opinions of Musk or Trump.

I don't think it is currently in financial distress, I do think it is massively overvalued based on what little seems to be coming out of that place. It is not sustainable unless they actually start to produce something radical.