Tesla warns that a federal probe into whether it exaggerated the range of its cars may lead to a ‘material adverse impact on our business’::Earlier this year, Reuters reported that Tesla had created a special “diversions team” to avoid dealing with complaints from customers about their vehicle ranges.
No…fucking…shit…
I dunno. The musky chodelet has avoided consequences for his actions so far. I doubt there will be any significant change or punishment for tesla.
His simps will just run interference for him. Stupid shit like “well yeah range is lower because , it’s science bro.”
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as someone who makes an appropriate income enough to afford a Tesla
7h old account that posts nothing but inflammatory comments. I guess shitposting is paying 6 figures nowadays?
Dude, lay off the crack 😂
“If we are investigated and it turns out we lied to get more sales, it could hurt our sales if we can’t continue to lie about our products.”
I get where they’re coming from.
If there’s a probe that results in no substantial findings, it would likely still impact sales for some period of time, simply because there was a probe. In that case, Tesla’s concern is justified.
If, however, they do find that Tesla is exaggerating their range, then I hope the lawsuit is spectacular and expensive.
My parents have a Tesla (they bought it used), and its range is shite.
… which is why there won’t be a probe unless there are findings first. And from the sounds of it, there are findings.
If Tesla really did create a “special team” to deal with this issue, then that means it’s very much a real issue. Reuters is a reliable publication - they would have gathered evidence before reporting that.
Just goes to show that you should not create a situation where a probe like that is justified. This is all Tesla’s own fault.
I think Tesla is above wild swigs in public perception. You’re likely already in a camp.
If enforcement of federal laws does not cause a “material adverse impact” the penalty is far too low.
“…But investigating my frauding will affect my ability to continue profiting off my fraud.”
-Elon probably
Translation: “we did the thing you suspect so don’t investigate pretty plz”
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Oh boo hoo!!!
If you need to lie to your customers to make a buck you don’t deserve to be in business.
Tesla and Elmo can both eat a dick.
That’s the idea…
Good. Now stop lying about shit.
Cry more you little incompetent trust fund shit. (Elon, not OP)
OP is a bot
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Is it mean to say I want this company to go bankrupt?
Elon is an idiot but if we could get him to fuck off to an island somewhere I’m hoping Tesla can still do some good.
I think they lit a fire under the big car companies and made them invest in electric. They are still playing catch-up.But yeah I want Elon to disappear and stop being a dip shit.
True. I also disagree that he’s an idiot. He’s just an evil/asshole person.
Why not both?
I’m not a fan of Musk but dumb luck will only get you so far. He’s been successful for too long to be a stumbling idiot. Maybe a successful market manipulator that never got caught, or a great salesman for his ventures, but I wouldn’t use idiot to describe him.
And the “he started with millions” doesn’t cut it fully either. He’s the richest man on earth, surely he had to bet on the right things more than once.
He just never should be at the helm of a company structured like Twitter was. Apparently Tesla built their VP level around Musk with great success.
This is an SEC filing. They are required to disclose to investors that this is going on and could impact their investment. Pretty standard stuff. They are not complaining that the feds are hurting their business or scaring people away from buying their cars - at least not in this filing. All they are saying is there’s this significant thing going on that could have an impact on the company’s value.
It would probably be smart for Tesla to settle this quickly and quietly because their range estimates are completely bonkers. Some kind of “agree to disagree on testing methods and we will pay up and do a better job” thing without this going too far. A VW diesel-gate kind of situation would be devastating to them. Elon is such a polarizing figure to begin with and there are some pretty good EV alternatives out there now. The only real killer feature they have left is the Supercharger network. Before anyone says FSD, it’s a scam and it doesn’t work.
I might bring wrong here but I’m pretty sure the claim in the title is incorrect?
Tesla is under numerous investigations which are all disclosed in thar same filing, and any one of them could lead to what the title says.
The title makes it sound like it’s THIS specific one.
This could do nothing for example, but the AP one could be really bad? Tesla isn’t signaling out which one it thinks is the most materially damaging if they have to do something.
I believe you are correct. Maybe they are latching onto the range issue because it affects every Tesla owner, past and present. Also very easy to prove.
Tesla doesn’t lie about the EPA range though. It’s reproducible even if those aren’t “real world” driving. If we want real world driving numbers that’s up to the EPA to change the methodology.
Range displayed is always just an estimate anyway, with so many variables. If they’ve fudged what gets displayed somehow that is clearly bad and we need to know, but the EPA range (edit: on a brand new vehicle) is legit. I dont see how them being wrong on this would be so dire.
I think the AP investigations are a much bigger problem and also impact nearly all Teslas. What if Tesla has to disable AP or can’t let people beta test FSD which could grind their data collection to a halt? That seems immensely more material adverse to me
Edit: clarity, but also to add, what if they can’t even sell FSD period, and need to refund all sales of it, PLUS damages to owners?
Edit: Just some other thoughts on this only semi related to the actual accusation, but batteries degrade, and Tesla does show a degraded range on their estimates, but maybe we need better laws like EPA ranges must be met for X years. It would force manufactures to declare a range lower than the car is capable of (no one drives below 0%) as they would need a reserve. It would also help offset any variations from the actual EPA test. I believe Tesla warranties the battery for up to 30% degradation over 8 years or X km, so that would get lowered somewhat due to the reserve. I think something like this would be better for consumers overall?
Sort of yes and sort of no.
Tesla displays the vehicles “range” as the EPA range minus any battery degradation. The number doesn’t fluctuate otherwise.
However, if you plus a destination into the trip computer, it actually computes the estimated efficiency and you can estimate the range from it.
Every other EV instead has a “guess-o-meter” which estimates the remaining range of your car based on current driving habits and derived efficiency by looking at the recent X number of miles driven… this gives you a good range estimate which automatically factors in recent weather, terrain and driving habits. It also takes into consideration your current battery health.
Only the trip computer is particularly accurate. Tesla has theirs, while everyone can download the app abetterrouteplanner.
Personally, I think it’s a relatively non-issue. Rather, there is a methodological difference between estimating the range. Gas cars, otoh existed for 100 years without having a range estimator.
Exactly. I don’t think Tesla showing the EPA range after degradation and state of charge is anything to be concerned about. If there’s a problem with doing that, then the problem lies with the EPA/regulations.
I’m not sure what this whole different numbers at 100% vs at 50% is unless they do turn on a guess-o-meter if you reach 50%, or maybe Tesla is fudging the battery degradation to show a higher 100% and then adjusts it as you start driving, but either way, I don’t think it’s the big deal this articles title is trying to make it out to be. The number at 100% will be accurate to the EPA test cycle on a new vehicle, and I think that’s the critical piece here. They aren’t lying about that. The numbers have been audited.
I do still think we need better more accurate EPA tests.
Edit: Actually if they are lying about the level of degradation to fudge the numbers, that could impact warranty claims and the 30% threshold, so that would be bad.
Some people have complained that their Tesla does half the estimated / EPA range when they drive in winter. If those complaints are accurate then it’s a valid complaint.
Everyone knows range is weather affected, but not by half. If it’s that bad then people need to be told - they shouldn’t find out when they get stuck with a flat battery on the side of the road in a snow storm that they probably shouldn’t be driving in. That’s dangerous and it will happen if the range estimate says you have more than enough charge to reach your destination.
It would probably make sense for the EPA to have a cold weather test to help give a better picture.
Cold weather really isn’t 50%, especially with the heat pumps. Like maybe on a non heat pump, if you don’t preheat, and have a lead foot directly onto a highway, but even then.
All that said, none of that is the doom and gloom of the title if that’s all it is.
I still think the real risk is from AP/FSD.
This range thing probably won’t result in anything significant
A VW diesel-gate kind of situation would be devastating to them.
Dieselgate is estimated to have killed 5,000 people per year in Europe alone (and they were selling those cars worldwide).
There is a big difference between lying about how far your car will go on a charge and releasing toxic (and illegal) chemicals into the air while the car is driving… especially when the car has the capability to capture those chemicals but the system was deliberately setup to only activate while the car was undergoing safety checks.
VW’s “solution” to the scandal was to basically do what Tesla is accused of right now. They modified the car to give it worse MPG in winter than what was advertised to buyers (as far as I know, the system to capture chemicals requires a lot of heat, and you need to run the engine at higher RPM to create enough heat in winter).
Where I’m going with the comparison to VW is we don’t know where that rabbit hole goes with Tesla. Diesel-gate just kept getting worse for VW the more investigators dug into it. Tesla appears to be an even less professional operation. I can only imagine what would come out if there was a real investigation there.
If people find out that we lied, they will know what we lied!
Oh. Anyway…
