“What grinds our gears is that a large corporation thinks it can come here and set the rules on the Swedish labor market,” says Trade Union Confederation president Susanna Gideonsson. “To think you can waltz in here as a feudal lord and think a whole country should adapt to one’s whims is just wrong.”
"#Washington state plans to require electric vehicle charging companies to include #Tesla's plug if they want to be part of a state program to electrify highways using federal dollars, an official told Reuters on Thursday.
Yes, if you drive a #tesla you should be getting dirty looks from anyone with a functional moral compass
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“Tesla battery material supplier tops list of human rights abuses for second year in a row”
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No if you drive a #tesla you are not saving the planet, you a a superficial fool funding authoritarian misery
Some Tesla drivers are buying simple weights marketed to trick the car's detection systems into letting them drive hands-free for minutes. It has already led to serious accidents.
“Elon Musk’s saying it’s supposed to drive itself.”
Do you remember the good ol' days of the Dot-Com Bubble? And the Dot-Com-Crash that followed?
Back then, Sun Microsystems was one of the darlings of Silicon Valley. The company is credited with inventing Java, and many of the Internet's servers at the time ran on Sun hardware. Investors jumped in the bandwagon, which pumped the share price. People were buying the shares because they expected the share price to keep going up. This can look good — for a while.
A problem with speculative stocks is that the price ceases to bear a healthy relation to the company's potential future earnings. There's no way for the company to deliver enough profit to make the price you paid worth it. The fundamentals don't stack-up, and a crash is inevitable. With the benefit of hindsight, Scott McNealy, CEO of Sun Microsystems, was critical of speculative trading when the company’s stock price reached a whopping 10 times revenues.
You may think that was all just "tulip mania".
You may think sharemarket investors have learned from the dot-com bubble era.
You may think governments and banks would have changed the rules to prevent things getting so out-of-whack again.
You may think the "snake-oil salesman" tactics by Silicon Valley Tech-Bros couldn't create a disaster like that again these days...
Tesla's share price is being pumped by a fast-talking madman. Tesla's Price-to-Sales Ratio is currently about 9, and looks to be heading up to over 10 again, where it was from mid June to mid-July.
Nvidia's share price is being pumped by AI hype. Nvidia's Price-to-Sales Ratio is currently about 35, and looks to be heading up to over 40 again, where it was from mid June to mid-July.
About a decade ago, Tesla rigged the dashboard readouts in its electric cars to provide “rosy” projections of how far owners can drive before needing to recharge, a source told Reuters. The automaker last year became so inundated with driving-range complaints that it created a special team to cancel owners’ service...
#ElonMusk has threatened workers with retaliation if they form #union. "Elon Musk’s business model is to avoid respecting #HumanRights. Now he is taken on by one of our strongest #unions. We must defeat the Tesla business model, and Sweden is the best place to start."
Also, I managed to rent a #Tesla for the first time this week. It's an interesting experience - it seems to have been designed by someone who has never designed a car before, and knows nothing about #UserInterfaceDesign for safety-critical environments.
I think I now know why Tesla drivers are always cutting up cyclists. They're too busy trying to find controls on a massive touch-screen to pay attention to the road.
Layoffs are hitting workers at some tech giants like Google, Microsoft and Tesla. Here’s why that may backfire, explains Business Insider’s Tim Paradis. "In short, the effects of layoffs can counter the financial benefits of expenses carved out of a P&L." https://flip.it/KibAk7 #Tech#Career#LayOffs#Google#Microsoft#Tesla
「 "CT [Cybertruck] windshield did not withstand a freak sudden hailstorm in Austin, rest of vehicle seems fine," writes Redditor xanderhud in r/cybertruck. "None of the other cars parked next to it had windshield damage but they had lots of dings in their body. Pretty disappointing, will let y’all know how much it costs to fix." 」
“The Cybertruck is not road-legal in China, although that hasn’t stopped Tesla from displaying the rust-prone electric pickup in some of its Chinese showrooms. Likewise, Tesla has just announced plans for a European Cybertruck tour. But, just like in China, the EV pickup cannot be sold in the EU.”
"The fake part of Tesla has become more real than the real part of Tesla."
Interesting discussion about the hype behind the stock and the lack of substance in #Tesla, like anything Musk, has become about image and hype much more than actual innovation or product.
It's all smoke and mirrors with the billionaire class.
Tesla is Choosing Hype over Substance w/ Ed Niedermeyer on Tech Won't Save Us by @parismarx
Musk undercuts the Biden admin's EV charging initiative:
"Elon Musk has upended a deal the WH saluted early last year to open Tesla’s chargers to other automakers, dealing a blow to Pres Biden’s EV agenda.
Musk decided in the last week to eliminate almost the entire Supercharger team at Tesla. He hasn’t publicly confirmed the move or offered a rationale, but has said the co will slow the expansion of its charging network."
Musk hasn't revealed his plans after he cut Tesla's Supercharger Team. Ford thinks the EV station buildout will be fine, but GM is concerned:
"Elon Musk’s move to lay off the department responsible for Tesla’s electric vehicle chargers has touched off worries in the auto industry that EVs from other automakers will have trouble joining Tesla’s network."
Tesla’s secret team to suppress thousands of driving range complaints (www.reuters.com)
About a decade ago, Tesla rigged the dashboard readouts in its electric cars to provide “rosy” projections of how far owners can drive before needing to recharge, a source told Reuters. The automaker last year became so inundated with driving-range complaints that it created a special team to cancel owners’ service...