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.
@Five lying is another word for marketing
Yes, that is the point, Tesla.
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Tesla says it has received requests for information and subpoenas from the US Department of Justice related to potential personal benefits violations, the advertised range of its vehicles and personnel decisions.
The Wall Street Journal in September reported that federal prosecutors are investigating perks provided to Chief Executive Officer Elon Musk going back as far back as 2017, including a project described as a glass house for Musk.
Earlier this year, Reuters reported that Tesla had created a special “diversions team” to avoid dealing with complaints from customers about their vehicle ranges.
The filing warned of “the possibility of a material adverse impact on our business” should the government pursue an enforcement action.
The subpoenas add to a mounting number of government probes into the electric-vehicle maker.
In September, the US Equal Employment Opportunity Commission sued Tesla alleging that it has been “tolerating widespread and ongoing racial harassment of its Black employees” at its Fremont, California, plant.
Saved 21% of original text.
time to long-short tesla?
You son of a bitch I’m in. Maybe I’ll buy a couple weeklies too 😅
I did really well earlier last year on short shorts but then I got greedy and lost it all.
What is this?
Thanks. :)
I did not fully understand it, so not sure I’d want to risk money on it.
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”.
@Five hahahahahahahahahaha, we wouldn’t want that 😄
He warns? Does he now? I know that bashing journalists is a rightwing ting, but these dudes are really complicit in all of this shit. How the hell do you come up with that kind of headline? He warns
@MayonnaiseArch @Five This is why people argue government officials shouldn’t hold individual stocks. He is hoping there are enough people in a position to gut the investigation who own a lot of Tesla stock.
Bingo! If accountability hurts the bottom line, then The Big Money will argue against accountability in any form.
Big Money got a mighty voice.
Big Money make no sound.Hurts 401k’s too.
Those are usually more diversified, and pay less attention to individual stocks.
@Five Fancy way of saying “we can’t win without cheating”
@Five I see no downside to the Incel’s car business being investigated.
@Five Most Si valley businesses are built on exaggerated claims. You don’t work your way to wealth. You lie and pillage your way to it.
@Five Cry me a river Elon Musk
Tough shit.
Why are there so many comments that start with “@five”? I feel like there’s something about how the site works that I’m misunderstanding. Isn’t the user who posted the article automatically notified when someone posts a comment?
I think that’s from mastodon users, and how mastodon works when replying. I haven’t personally used mastodon though, so someone please correct me if I’m wrong.
That’s correct. @aral@mastodon.ar.al discovered and boosted the post, and it snowballed across the Tootiverse. They’re all pinging @Five because that’s how Mastodon does post replies.
That’s annoying.
It’s somewhat annoying but also really interesting that the two interop relatively well due to their use of a common protocol (ActivityPub). I mean imagine Twitter users being able to browse and comment on Reddit posts directly on Twitter - that’s essentially what’s happening.
It’s probably not too difficult to modify Lemmy to hide mentions that are at the start of a comment, which would solve the issue.
appears to be mastodon users simply formatting their responses as if this was a mastodon (microblog) post instead of lemmy post, which is nbd.
