Tough shit.
this post was submitted on 25 Oct 2023
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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.
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@Five 🎻
@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
I get a kick out of liberal people defending liberals.
@Five So put into 5 words it's Tesla admitting:"Every single word is true"? I've no idea why else it should have "adverse impact". And if so, it SHOULD have that impact – to keep others at bay and protect those who're not billionaire man-babies.
The SEC might also look into the question, whether repeated false claims about Tesla's self-driving capabilities had an impact on the company's share price.