“Well hey, now, let’s not get hasty. If you investigate me for crimes, you will find that I committed crimes! That would be bad for mee. Is that really what you want?”
This sounds a lot like a threat.
If the truth about your business hurts your business, you don’t have a good business.
Are you seriously suggesting that a company (tesla) that does 50 billion in sales is NOT worth three times the value a company that does 250 billion (toyota)?
The Tesla valuation is such a fucking joke. They are a “bigger” company that Toyota, Honda, or Ford despite not even doing a fraction of their outright sales, and likely making less on every single one of those sales. Their only advantage is that they were making electric cars before it made economic sense to make them. Now that everyone else is jumping in they are going to die on the vine because people can get a real EV that costs half of a Tesla and actually works.
Tesla DID have a chance of leveraging their early market presence by either introducing a higher quality or cheaper vehicle that could compete with their new competitors. Their existing presence could have captured enough of the market to stand against them if they had a product that was in the same league. Instead they made the fucking Cybertruck.
Right, so it’s a bad company, like I said.
You were today years old when you first encountered sarcasm on the internet, apparently.
What’s a sarcasm?
Socially acceptable way to be toxic.
Wait, what? Your comment doesn’t read like sarcasm at all.
Oh no! Anyway.
Looking forward to the mob using that as a legal defense.
So, basically… “an investigation into whether we lied to customers in order to sell them stuff would have an impact on our business”. Well, yeah, that’s true. Shockingly, customers don’t like being lied to about the quality of the goods they’re buying, and hearing that there’s enough indication of lying to warrant a full probe into it would make future customers hesitant to buy. While wrongdoing hasn’t been proven yet, I can’t imagine this probe would be happening “just in case” Tesla lied - there must have been a high volume of complaints from customers who aren’t happy. The precedent set by not investigating would be awful. It’d basically say businesses can claim whatever they like about their products, because being caught lying about them would always have the consequence of “material adverse impact on our business”.
For a “genius”, he sure is slow on the uptake.
He sure is lucky for someone so stupid.
The world tends to find that having an extraordinarily wealthy parent makes its own luck.
I have to wonder if the entire concept of the business savvy billionaire is just a case of survivorship bias. Not for all of them, but a lot.
I mean, if you get the population of the civilized world together and have them start flipping coins, plenty of people are going to get heads 20 times in a row. Or if they’re from a rich family maybe they only have to get 10 heads in a row.
(Used round numbers for illustration. 20 heads in a row is only about 1 in a million, 10 heads is one in a thousand.)
It’s more like, it costs a lot of money to get a chance to flip those coins in the first place, so someone who’s already rich to begin with will get many more tries.
So much of it is luck, starting from birth onwards.
He won the birth lottery, as it were
Yep. I was going to write that maybe somebody like Warren Buffett would stand out as the real deal who is consistent and could do it again. But even if that’s true and he is 100% unique skill, he STILL got very lucky by birth.
Yeah that’s how it works, you fucked around and something something
“If you tell our customers we misled them, that would be bad for our business!”
@Five 🎻
@noodlejetski @aral @Five The cutest version 😆
@noodlejetski @aral @Five reminds me of Reservoir Dogs.
@ianbetteridge @aral @Five For those wondering just like me, the answer is a bit complicated, but in terms of settlements paid:
On 28 June 2016, Volkswagen agreed to pay $15.3 billion to settle the various public and private civil actions in the United States, the largest settlement ever of an automobile-related consumer class action in United States history.
https://en.wikipedia.org/wiki/Volkswagen_emissions_scandal#Private_actions
@Five Didums.
Yes, that’s how consequences work.
So the purpose of a federal investigation is to ensure the thing being investigated is shut down by the investigation?
If the offense is found to violate federal law, there should indeed be consequences. Hence the investigation part — to determine the extent.
That’s how enforcing law works.
Only for prime under a certain income threshold.
IE “we lied, but don’t tell nobody!”
