Tesla Inc (TSLA)

[Vandalayind]

Who cares what the reason was...at the end of the day...pieces of over priced garbage.

Lawsuits all over the place.

No cosmic rays or driverless who dunnits...just plain old shitty execution.

Delorean in the making.

https://www.cnbc.com/2021/08/19/fires-probes-recalls-automakers-spend-billions-in-shift-to-evs.html

The complaint says the lead plaintiff’s 2014 Tesla Model S lost more than half of its range over just six years, dropping to the equivalent of a 144-mile range on a full charge from a 265-mile range when he first bought it.

The battery complaints in the U.S. were similar to one in Norway in which more than 30 Tesla drivers told the courts that a 2019 software update slashed their Teslas’ battery life, decreased the range and lengthened the time the cars took to charge, according to Norwegian newspaper Nettavisen.

The court preliminarily sided with the owners and told Tesla it may have to pay customers affected by the battery throttling software up to $16,000 each, which could amount to a $163 million payout.

In April, Musk said during an earnings call that there had been “more challenges than expected” in developing new versions of the Tesla Model S and X — the company’s more expensive vehicles. That included the recently released Model S Plaid and “quite a bit of development to ensure that the battery of the new S/X is safe.”

Tesla did not respond to requests for comment on the federal inquiries or allegations. The company is not yet delivering the updated version of its luxury SUV, the Model X, and has delayed deliveries of many customers’ Model S vehicles this year