101–110 of 152 posts
Earlier quoted context omitted.
To be truly fair should also adjust for inflation of US dollar of $10672 at the time he purchased it vs. April 2026. For instance CPI inflation calculator says 10672 in Jan. 2022 is $12,534.44 today.
Inflation is part of interest; you don't get reimbursed for both separately.
Earning calls are when CEO’s are telling the truth about their products. Knowing Tesla’s history of making payments he won’t see a dime. I’m no lawyer but he should set up a publicity stunt like the man who seized Bank of America’s equipment in order to get paid in full the same day. (George and Ora Lee, successfully seized assets from a Bank of America branch after the bank wrongly foreclosed on their home)
Earlier quoted context omitted.
Inflation is part of interest; you don't get reimbursed for both separately.
The 6.75% interest applies from the date of judgement to the date of payment by Tesla but the inflation (from date of purchase to date of judgement) is not accounted for.
That rate was determined by the Consumer Credit Commissioner of Texas, which calculated it using the federal reserve rate, which itself is selected to meet an inflation goal, incorporating current inflation levels as well as the predicted inflationary effect of changing the server rate.
If inflation was zero, the interest rate would have been lower. If inflation were double, that rate would be higher.
Interest is awarded to counter the affects of inflation and the loss of opportunity cost. They aren't accounted for individually, instead inflation is part of the equation.
Earlier quoted context omitted.
The 6.75% interest applies from the date of judgement to the date of payment by Tesla but the inflation (from date of purchase to date of judgement) is not accounted for.
Inflation is why the awarded interest rate is 6.75%. That rate was determined by the Consumer Credit Commissioner of Texas, which calculated it using the federal reserve rate, which itself is selected to meet an inflation goal, incorporating current inflation levels as well as the predicted inflationary effect of changing the server rate. If inflation was zero, the interest rate would have been lower. If inflation we…
I meant that the ruling awarded interest from the date of judgement to the date of payment but does not account for Inflation between the date of purchase and the date of judgement.
I didn’t mean to imply that interest and inflation are unrelated, I was referring to the two different time periods. Sorry if that wasn’t clear.
So I skimmed several articles and the reasons why the Theranos CEO was sentenced to 11 years are 1. The scale of the fraud was too big 2. From emails it seemed she intentionally tricked investors 3. The product, medical equipment, endangered patients. I think this can be applied to Tesla too (though I'm not sure there is enough evidence of 2). Shouldn't someone in charge be sentenced to at least a few years?
They may have committed false advertising or "failed to deliver on contract" but they are civil matters, which could still involve big payouts, but not prison time.
The "Full" in "Full Self Driving" was one of the giveaways. It's like packaged food labeled with "Real" ("Real cheese" etc)
Not sure I agree with your second sentence, at least in the US. I may see "cheese product" or "dairy product" or "cheese flavor" but if it says real cheese, it's real cheese. My favorite example was seeing "onion (then in tiny text 'flavored') rings"
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This is a common misconception. People tend to think driving is controlling the steering and pedals, so if FSD does those things it must be driving. It's not. Driving is whatever has ultimate responsibility for the vehicle and its occupants. If a cop pulls you over while FSD is enabled, it's not Tesla who's paying the ticket. If FSD has an issue, you're the driver who has to respond. Think of FSD as a very nice cruis…
It's a common misconception because the thing is called "full self driving."
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I've heard new Toyota's sensors cause it to constantly beep and you can't turn it off. Probably due to a regulation somewhere.
Yes, it does beep a lot but you can adjust the volume to low. Source: we had a 2025 replacement Yaris. It's annoying but the older ones' seat belt alarm is even more annoying, although I use the seatbelt at all times. It also turned me off, not wanting to get a new post-2025 Toyota. Now they all have mandatory alcohol testers and speed alarms. Use hand sanitizer and you have to Uber to work. No thanx. I'll keep my ol…
The real problem, which I think the article does a poor job of making clear: Tesla sold millions of cars before the current generation Hardware 4 vehicles with $10,000 full self driving packages which never really materialized convincingly ‘full’ self-driving capability. There’s fair arguments for the HW4 vehicles not having FSD either, maybe because it needs to be supervised or isn’t perfect or whatever. But the HW4…
If we describe HW4 as 99% of the way to true FSD, then HW3 is probably 95% of the way.
Though approaching 100% (maybe 2x the human standard) is going to be exponentially harder to get to.