Popular Mechanics is on the continuing saga of the Robotaxi project that was supposed to launch South African fascist and chainsaw-wielding sociopath Elon "Leon" Musk's Tesla company to new heights. But after it's troubled roll out in Austin in June, it's clear that the Tesla Robotaxi won't, and worse, it's shareholder are up arms and suing:
"We previously reported that Tesla’s Robotaxi rollout in Austin, TX, was less than a resounding success. We knew it wasn’t going to go to plan—especially after the brand announced each taxi would need a safety monitor in the passenger seat to intervene. But things just got significantly worse for Tesla, as its shareholders are suing the company for securities fraud, arguing that Tesla didn’t disclose that its Robotaxi and other autonomous vehicles were dangerous.
Securities fraud is the misrepresentation or omission of information to induce investors into trading securities—“securities” being legal speak for investments that can be traded on financial markets. Unsurprisingly, if you’re an investor, you probably wouldn’t be pleased if the company you’re supporting lied to you about its products.
Reuters reported that the proposed class action was filed on Monday following the Robotaxi’s public test in late June. Footage from many Tesla fans who participated in the pilot program revealed the vehicles exhibiting alarming behavior, including entering the wrong lane, dropping passengers off in the middle of multi-lane roads or intersections, speeding, and driving over a curb." (our emphasis)
Be sure to read the rest of the article. Remember that the "genius" behind this screw up is the same one that oversaw the cruel, chaotic and wasteful "DOGE" farce earlier this year, as the ignorant and disinterested Malignant Fascist stood aside. Some agencies are hiring fired Federal workers back, either due to a court order or simply because the DOGEbags didn't understand the agency's function and importance of the staff's expertise.
The class action lawsuit will be an interesting one to follow, as Musk's dreams of Robotaxi being Tesla's pot of gold are diminishing quickly.
(photo: Sieg Fail)
SpaceX rockets blow up, Cybertrucks catch fire, and Elmo's self-driving cars are better at killing people than delivering them safely. He fully deserves his $29 billion raise!
ReplyDeleteHow much was his stick award from last week? 29 billion?
ReplyDelete🤓 I am an idiot when it comes to investments, primarily because I have never had an extra cent to invest in anything. (I do have two small pensions, each managed by teams that have proven themselves trustworthy and humane in the investments. Still, fingers crossed.🤞)
ReplyDelete🧐 Yet, I also feel superior to most people who do have a bit of money to invest, because their choices seem so ill-informed. Small investors who jumped into crypto early on, and made their own retirement years a hellscape by losing everything, didn't "deserve" it exactly but JFC! No research at all into the completely unsecured "future of banking!" They seemed to be proud of their blindness when information was already available about the sketchy guys running these schemes.
😱🤡💩 And Musk-rat?! Cheering on a weird genius (yah, right!) is one thing, but putting your money into backing a guy who lies about EVERY delivery date and has fiery crashes and "self-driving" deaths as part of the public record for a decade, is insane and I have zero sympathy for these ee-diots! 🤪