Tesla and Uber Unlikely to Survive (Vol. 2)
Discussion
Burwood said:
I have no doubt there will be plenty of hard data to refute what the driver is saying. People lie all the time when it comes to accidents. It's never their fault.
Having been in an accident that was due to the failure of a car's safety systems, I can attest that the sheer shock of having a machine "run away with you" is incredibly disorienting, you rarely have the ability to take in everything that's going on, and your report later is likely to be confused.That's not to say that this is the fault of the car, but that you really can't read much into a driver's report. People do lie, but even when they want to tell the complete truth, they can easily get it wrong.
Given that the car should have some decent telemetry though, it would be pretty stupid to completely lie about what it was doing when the crash happened.
Elon should learn to watch what he tweets - because of it and breach of contract JPMorgan claim tesla owes it $162m
https://www.businessinsider.in/business/corporates...
https://www.businessinsider.in/business/corporates...
Byker28i said:
Elon should learn to watch what he tweets - because of it and breach of contract JPMorgan claim tesla owes it $162m
https://www.businessinsider.in/business/corporates...
But what this tells you is JPM did make 1.2B from the deal and are crying over a few crumbs. I doubt they will succeed because they unilaterally changed the strike price down (initially) when Musk made the funding secured $420 tweet and they had a point about that issue. However it was clear this wasn't the case and JPM changed the strike again but not back to the pre tweet strike. They are arguing over the difference(pre split) between the original strike of $568 and a revised $487 which was subject to a split of 5:1. So the strike is now $113 revised down to $97. And the stock price was what in July 21? Late $600, close to $700. That is how much they profited, the spread. they made $580 per share but are whinging they didn't make $16 more. Greedy bankers being greedyhttps://www.businessinsider.in/business/corporates...
Burwood said:
Greedy bankers being greedy
I was reading about that last night and I will admit that I don’t fully understand it all. But yes, it did strike me that it was arguing over a small percentage of profit after they had made a considerable amount of money. Yup, bankers being greedy. However, if Tesla did breach a contract, more the fool them. Doesn’t make it right, but it does sound like they have a case and it’s going to court. Let’s see how this works out, but corporate banker lawyers can be very effective though.
Imagine how things would be if Elon just put the damn phone down? All of this BS stuff wouldn’t be there. All of the ludicrous claims wouldn’t have been made. And people would focus on the products, which are far from bad! Like this Bernie Sanders stuff just this last week. Did that need to happen? Sheesh, just focus on the damn cars!!!
The UN is calling Musk out over his tweet:
https://www.businessinsider.com/elon-musk-bezos-un...
https://www.businessinsider.com/elon-musk-bezos-un...
Article said:
The UN's food-assistance branch, the World Food Programme, laid out how it believed $6.6 billion in funding could prevent 42 million people across 43 countries from starving in 2022. The head of the WFP, David Beasley, called out Musk, the world's richest person by far, in a tweet announcing the proposal.
It'll be interesting to see how he responds.,Burwood said:
But what this tells you is JPM did make 1.2B from the deal and are crying over a few crumbs. I doubt they will succeed because they unilaterally changed the strike price down (initially) when Musk made the funding secured $420 tweet and they had a point about that issue. However it was clear this wasn't the case and JPM changed the strike again but not back to the pre tweet strike. They are arguing over the difference(pre split) between the original strike of $568 and a revised $487 which was subject to a split of 5:1. So the strike is now $113 revised down to $97. And the stock price was what in July 21? Late $600, close to $700. That is how much they profited, the spread. they made $580 per share but are whinging they didn't make $16 more. Greedy bankers being greedy
If the contract allows them to act the way they did and they have a legitimate claim, then what are you arguing about?Just because banks make money, doesn't mean they therefor cant use the law correctly. If that were the case the whole system will collapse and that's all our lives screwed.
Musk not talking to them is playground stuff, his shutting down of the press department so no journalists can ask difficult questions is also absurd. The bloke is a cult, it's likely not going to end well for him or people in the cult.
jsf said:
his shutting down of the press department so no journalists can ask difficult questions is also absurd
Actually I think this part is inspired, not absurd. Too many firms feel they have no option but to keep spending more and more money in servicing the needs of journalists. If that is what you need for your business, go for it; but Tesla clearly believe (and with some justification) that they do not need to spend that money right now.Smiljan said:
A careful observer would note you can't just lie constantly on twitter about your business and expect there to be no consequences.
JP want $162m and Elons creative approach has generated hundreds of billions. JP only want some loose change from down the back of the sofa.A more careful observer would say keep calm and carry on Elon
off_again said:
Tuna said:
It'll be interesting to see how he responds.,
Given his previous track record, this is unlikely to end well. Anyone want to guess what insensitive, out of touch or random crap he will tweet as a reply?Gassing Station | EV and Alternative Fuels | Top of Page | What's New | My Stuff