Tesla is being investigated for securities and wire fraud for self-driving claim
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Re: Tesla is being investigated for securities and wire fraud for self-driving claim
#2Securities fraud again, funny that the guy who "bought Twitter" and shut down free speech ended up getting sued himself due to his own tweet (lying about # of Teslas being produced).
It's like a bully trying to chase someone but tripping over their shoelace in the first step, love it.
On self-driving: For several years the guy has been saying "next month" "next year" it's been like 10+ years at this point. He's a bigger grifter than the Ashes of Creation guy (8 year long Kickstarter MMO that never launched and still collects payments to this day). Wonder why anyone falls for it, feel bad for the gullible.
Re: Tesla is being investigated for securities and wire fraud for self-driving claim
#3This is just the Verge regurgitating a Reuters article that has already been posted https://news.ycombinator.com/item?id=40297126.
Re: Tesla is being investigated for securities and wire fraud for self-driving claim
#4About time.
Re: Tesla is being investigated for securities and wire fraud for self-driving claim
#5I’ve seen the same meme over and over again in many different youtube videos: Elon musk assuring self-driving is just around the corner, just another few months…
The investigation doesn’t interest me much. He has gotten slaps on the wrist before. Wake me up when he gets jail time.
Re: Tesla is being investigated for securities and wire fraud for self-driving claim
#6This is about defrauding people who bought a tesla, not investors.
> In 2020, Musk told a crowd in Shanghai that he remains “confident” that Tesla will achieve “basic functionality for level five autonomy this year,” referring to the SAE’s rankings of autonomy. Tesla’s technology, in 2024, is still at level 2.
This reminds me alot of the Thernos case where she tried to make the case not about fraud but about an overly optimistic CEO promising something and being wrong about that. here Musk has clearly said that full self driving would be available many years ago.
So I guess we're trying to figure out how much lying is ok by a CEO before it becomes fraud to the buyer.
Re: Tesla is being investigated for securities and wire fraud for self-driving claim
#7This is about defrauding people who bought a tesla, not investors. > In 2020, Musk told a crowd in Shanghai that he remains “confident” that Tesla will achieve “basic functionality for level five autonomy this year,” referring to the SAE’s rankings of autonomy. Tesla’s technology, in 2024, is still at level 2. This reminds me alot of the Thernos case where she tried to make the case not about fraud but about an overl…
As the article explains, wire fraud is about defrauding consumers, and securities fraud is about deceiving investors. Tesla is under investigation for both.
Re: Tesla is being investigated for securities and wire fraud for self-driving claim
#8Securities fraud again, funny that the guy who "bought Twitter" and shut down free speech ended up getting sued himself due to his own tweet (lying about # of Teslas being produced). It's like a bully trying to chase someone but tripping over their shoelace in the first step, love it. On self-driving: For several years the guy has been saying "next month" "next year" it's been like 10+ years at this point. He's a big…
I believe you can summarize Mr. Musk's persona (including his speech and promises made or hinted at) as "unreliable".
Re: Tesla is being investigated for securities and wire fraud for self-driving claim
#9This is about defrauding people who bought a tesla, not investors. > In 2020, Musk told a crowd in Shanghai that he remains “confident” that Tesla will achieve “basic functionality for level five autonomy this year,” referring to the SAE’s rankings of autonomy. Tesla’s technology, in 2024, is still at level 2. This reminds me alot of the Thernos case where she tried to make the case not about fraud but about an overl…
As the article explains, wire fraud is about defrauding consumers, and securities fraud is about deceiving investors. Tesla is under investigation for both.
Wire fraud is nowadays just a catch-all for "crime involving money". Regardless of all other specifics of the case, it is a certainty that at some point someone sent a text message or used a computer, so that's what the feds will go after.
Ran a scammy crypto exchange out of the Bahamas? Took money from investors for a failed blood testing company? Raised money for a political campaign but spent it on hookers? Paid a hitman to kill your spouse? All wire fraud.
Re: Tesla is being investigated for securities and wire fraud for self-driving claim
#10Securities fraud again, funny that the guy who "bought Twitter" and shut down free speech ended up getting sued himself due to his own tweet (lying about # of Teslas being produced). It's like a bully trying to chase someone but tripping over their shoelace in the first step, love it. On self-driving: For several years the guy has been saying "next month" "next year" it's been like 10+ years at this point. He's a big…
I think Musk is just relaying the promises he receives from ML/AI guys he employes. As far as I know FSD has always been a paid option.