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Joined 1 year ago
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Cake day: November 15th, 2024

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  • Those crazy margins lasted for like 2 quarters until it was revealed that one of the main ways they managed it was severely under allocating warranty. It was a neat trick, until vehicles actually started to come back with warranty claims and they realized they literally make the least reliable and most expensive to repair cars on the market. IIRC they were allocating like 1/3 of what Toyota does per-vehicle, which is absolutely insane given the kind of vehicles they make. Hence why they became insanely stingy with warranty claims, and you saw tons of in-warranty repairs being allocated to “goodwill” which is a distinctly different pool from warranty allocation.

    The entire company is built on fraud and shell-games with SpaceX/Starlink/Boring Co. and Musk has straight up admitted as much. No one gives a shit and a judge literally ruled he’s allowed to do it because line go up.

    I can rant for hours about all the insanely sketchy stuff they’ve done solely for a one quarter boost, and plenty of other stuff where their cost-cutting directly resulted in loss of life.













  • As someone in that group, there’s a huge difference between doing well on paper and actually doing well. My peers and I are worried about losing our jobs, and there’s a likelihood we won’t be seeing a significant portion of our paychecks due to the economic hits from the tariffs. Sure, my net worth is technically higher since last year, but that doesn’t mean much when you’re 30 years from retirement. I can’t just infinite money glitch my 401k by taking out loans like billionaires can with their net worth.

    I realize that I’m a lot better off than most, but I only bring this up to point out that even people who aren’t poor are also feeling plenty of negative economic pressure as well.