this post was submitted on 11 Oct 2024
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Just a reminder that reasonably minded shareholders would never take what Elon says as anything other than fluffery, and should refrain from making any financial decisions based on such fluff.
https://electrek.co/2024/10/02/elon-musk-celebrates-winning-lawsuit-tesla-self-driving-claims-embarrassing-defense/
WTF? How can a CEO walk from responsibility by claiming puffery? Which is the same as admitting to lying!
In civilized countries CEO is a position of responsibility, you can't just talk up stock or sales with false claims. The requirements for a CEO are higher than usual, exactly because everything they say can have a financial impact.
I'm pretty sure that judgement is not according to normal practices. It's disgusting they let that pedo walk again and again.
Now you know why China DiSsApPeArS so many of them.
Also known as fucking jail.
Well, the stock tanked by ~10% after the news, so yeah, shareholders don't seem to be buying it and want more specifics.