For many years the dangerous inferiority of Tesla products, the inability to achieve even baseline quality levels let alone real-world safety, have threatened any true notions of value.
Severe quality and safety concerns have raised many important questions about the company’s value proposition. To state some of the obvious issues again, that should have blocked sales long before now, consider the following.
Tesla vehicles have shown devastating reliability problems, with reports of critical failures occurring within extremely low mileage ranges. The recently released Cybertruck reportedly experiences critical failures before reaching 1,000 miles. This is a significant decline from an already industry-worst average with Tesla major repairs or replacement needed before 10,000 miles, many going straight to junkyards riddled with recalls at rates far higher than industry averages.
Tesla’s response to their obvious quality issues has been censorship, to implement closed systems for both service and insurance:
- A restricted service model that prevents independent repairs
- A proprietary insurance program that obscures true failure rates
- Disinformation tactics on social media and news, coupled with gag-rules in terms of service, trying to pollute and censor public reporting of issues
The safety record has been particularly troubling, given their newest model called a Cybertruck, marketed as a “survival” vehicle, has posted a fatality rate 17 times higher than the Ford Pinto.
The company’s business practices are rightfully criticized as fraud: collecting substantial upfront payments while delivering products that often fall short of promises or never deliver at all, while killing an alarming number of customers.
Questions about commitment to product delivery versus financial engineering, might finally be having an effect according to the latest headlines. Sales are reportedly crashing all around the world. Despite EV sales stronger than ever, rising dramatically for other car brands, the Tesla numbers show steep decline.
- Newsweek: Tesla Sales See Significant Decline in California
- Fortune: Tesla sales fall 60% in Germany
- Reuters: Tesla sales slump in UK
- CarSales: Tesla sales fell of a cliff in Australia…
- Reuters: Tesla loses market share in Sweden, Norway…
- The Driven: Tesla sales are plunging in key markets around the world – many by more than 50%
So what, the eagle-eyed observer would say. Does a lack of car sales by a fraudulent car company that never cared about cars really matter anyway? It’s always just been selling the blood-diamonds of the road, pumping cynical hype and fantasy while running from accountability for dangerous harms. Indeed, it’s hard not to notice that while customers have been running away from Tesla faster than it can kill them, investors meanwhile are happily buying into the fraud.
- CNN: Elon Musk promises to Make Tesla Great Again. Investors are buying it…
- Motley Fool: Elon Musk Just Said Tesla Has a $10 Trillion Opportunity…
- Bloomberg: Tesla’s Meme-Like Stock Surge…
- CNBC: Tesla stock soars 22% for best day in over a decade on Musk’s 2025 growth projection
- Barrons: Tesla Stock Rises Again After Analyst Price Target Increase
Tesla’s CEO famously built the company profit scheme from the beginning on paper statements printed by the federal government (basically the automobile-maker equivalent of food stamps) and reselling them as “credits” to legacy car companies as a means to help them keep making high-pollution gas-guzzlers for his profit. And of course he cynically called himself an environmentalist (literally a toxic fraudster) during this time as a cruel joke.
To make an even finer point, just as VW was being charged with cheating diesel emission laws, Elon Musk rushed to deploy the most polluting giant diesel generators he could find in a massive troll stunt. He announced he would deliver the future of Tesla charging entirely on solar power, intentionally belching pollution to troll the German car company facing criminal prosecution. It wasn’t just setup as a cruel joke, pumping stock on intentional deceptions, it was Elon Musk signaling to Wall Street he would do whatever laws said he shouldn’t.
Fast forward to today and he’s been inserting his “Big Balls” illegally into control over federal government coffers in order to redirect federal funds directly into his pockets. Why bother with the mess of a complex ruse to transfer funds through fake cars when he can just reach directly into his victims’ bank accounts?
The giant car company fraud scheme seems quite unnecessary to achieve what he always has done and will do even more of now – turn the entire American government into welfare for a few white supremacists.
Should he care all his car sales are crashing around the world? On what basis? He probably thinks his cars are meant to crash… into anyone targeted for being opposed to dictatorship. Do weapons manufacturers make money? Bombs away!
The company’s stock valuation has risen on this formula, creating an operational reality to a very particular implementation of systemic racism in a militant dictatorship.
Apparently a significant number of investors are on board with this Nazi formula, actually believe that this time the fascist suicide ride will turn out very well for them.