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.
Why is this tech news? Shouldn’t this be car news?
Because it’s about the leading company involved in transitioning cars from one core technology to another core technology.
You should be aware that a string tied to a stick in a useful way is technology.
Fortune once again sterilizing the headline.
if they didn’t want to report the uncomfortable facts, they could just choose to not report anything.
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.
I think Tesla is above wild swigs in public perception. You’re likely already in a camp.
On the market, like most companies, they’re most definitely not above wild swings in public “perception”
They’ve already been hurt from certain antics.
Tesla had a 28% favorable view in January 2022.
It was 13% in January 2023.
The future is wild. Imagine the richest man in the world destroying his companies because he can’t stop himself from Nazi posting.
… 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.
Good. Now stop lying about shit.
