Tesla customers in France sue over brand becoming 'extreme right'
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If this is the precedent then everything becomes unexpected. You made a contract buying the car, that contract is signed in the past. Nobody cares what happens after that.
Let's not forget how much scummy stuff Elon is doing. It's not "only" the whole Nazi thing (which btw totally increased the chance of the car being vandalized). We know that he lied about the autopilot, which totally is something to sue about and give back a leased car.
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Around 10 French clients with leases on Teslas are suing the US carmaker, run by Elon Musk, because they consider the vehicles to be "extreme-right" symbols, the law firm representing them said on Wednesday.
I bought a whirling log, and they gave me a swastika!
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Of course it's not crazy. The CEO went all in on being a fascist piece of shit, and brazenly open drug addiction, which has directly damaged the assets of all of his businesses, their customers assets, and the entire brands.
If, within the next 5 years, Elon isn't billions in debt and destitute, that's how you know we all live in corporate dictatorships masquerading as "democracies".
Why would he be in debt though, the depreciation of the goodwill will not cause him to be millions in debt, just that the company would sell for less. There isn't a lot of ground to sue Elon sadly, you can sue Tesla for things like this though and there are probably some other things you can sue either Musk or Tesla, but even if you sue Tesla in the ground Musk wouldn't go into debt from it. Most likely case is that his assets are in a holding company anyway.
The US is a corrupt country and a lot of people are defending it or otherwise funding the corruption. Like why can't we see the annual reports of the companies these billionairs own?
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Why would he be in debt though, the depreciation of the goodwill will not cause him to be millions in debt, just that the company would sell for less. There isn't a lot of ground to sue Elon sadly, you can sue Tesla for things like this though and there are probably some other things you can sue either Musk or Tesla, but even if you sue Tesla in the ground Musk wouldn't go into debt from it. Most likely case is that his assets are in a holding company anyway.
The US is a corrupt country and a lot of people are defending it or otherwise funding the corruption. Like why can't we see the annual reports of the companies these billionairs own?
Musk has pledged $62.5 billion in Tesla stock as collateral for margin loans of $12.5 billion.
Giacomo Santangelo, a senior lecturer in economics at Fordham University said “A 20% stock decline on a 60% loan-to-value loan means the borrower must immediately post additional collateral or face forced liquidation. This creates cascade risk, where small declines trigger margin calls, forcing either more pledging or open-market sales, putting more pressure on the stock.”
Does Elon Musk’s Borrowing Show A Super Low Tesla Stock Valuation?
If that isn’t the case, then Tesla’s board seems to be enabling Musk to borrow against his shares to a much larger degree than the rules they’ve set out.
Forbes (www.forbes.com)
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Musk has pledged $62.5 billion in Tesla stock as collateral for margin loans of $12.5 billion.
Giacomo Santangelo, a senior lecturer in economics at Fordham University said “A 20% stock decline on a 60% loan-to-value loan means the borrower must immediately post additional collateral or face forced liquidation. This creates cascade risk, where small declines trigger margin calls, forcing either more pledging or open-market sales, putting more pressure on the stock.”
Does Elon Musk’s Borrowing Show A Super Low Tesla Stock Valuation?
If that isn’t the case, then Tesla’s board seems to be enabling Musk to borrow against his shares to a much larger degree than the rules they’ve set out.
Forbes (www.forbes.com)
Ow right, I forgot the US is a corrupt nation and allows bullshit like this.
Then again, it is most likely his personal holding/company which has the loans and stock and he has 100% of the shares in that company which will go bankrupt if his loans ever default(? I think that;s the right word?).
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I didn't say I was special. I just experienced the vitriol as an American. I can't speak to other people's experiences.
It's not that the french distaste the yankees specifically, they distaste any human creature that isn't from Napoleon's ballsac
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Ow right, I forgot the US is a corrupt nation and allows bullshit like this.
Then again, it is most likely his personal holding/company which has the loans and stock and he has 100% of the shares in that company which will go bankrupt if his loans ever default(? I think that;s the right word?).
Yes. His financial advisors have probably limited his liability. He can lose the value of his holdings, but is unlikely to go into debt himself.
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Ok, this doesn't sound too crazy in context.
They aren't owners, they are suing to be released from their lease contracts because they feel they suffered "direct and concrete" damage from the way Teslas are now associated with "Elon Musk's actions".
I agree, it's a step beyond the little sticker on the back of the car.
I'd do the same if I had one but pedoguygate switched me off the brand and it's never been the direction that I wanted to see EVs go (look I have a button that makes the car/range go down really fast. I also don't think talk of range without reference to battery size is helpful)
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Ok, this doesn't sound too crazy in context.
They aren't owners, they are suing to be released from their lease contracts because they feel they suffered "direct and concrete" damage from the way Teslas are now associated with "Elon Musk's actions".
They aren’t owners, they are suing to be released from their lease contracts because they feel they suffered “direct and concrete” damage from the way Teslas are now associated with “Elon Musk’s actions”.
As long as they agree to return the car...
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I didn't say I was special. I just experienced the vitriol as an American. I can't speak to other people's experiences.
sorry I meant it in a joking way, I should have worded that better
