Octopus Overlords

The Trump transition team wants the incoming administration to drop a car-crash reporting requirement opposed by Elon Musk’s Tesla according to a document seen by Reuters, a move that could cripple the government’s ability to investigate and regulate the safety of vehicles with automated-driving systems.

Removing the crash-disclosure provision would particularly benefit Tesla, which has reported most of the crashes – more than 1,500 – to federal safety regulators under the program. Tesla has been targeted in National Highway Traffic Safety Administration (NHTSA) investigations, including three stemming from the data.

Jaymann wrote: Mon Dec 16, 2024 10:17 pm What a ripoff! A new Model S comes with lifetime free supercharging. I replied to their email asking what about existing Model S owners? Fat chance.

Zaxxon wrote: Mon Dec 16, 2024 10:48 pm

Jaymann wrote: Mon Dec 16, 2024 10:17 pm What a ripoff! A new Model S comes with lifetime free supercharging. I replied to their email asking what about existing Model S owners? Fat chance.

Welcome to sales incentives.

Welcome to sales incentives revenue manipulation.

Zaxxon wrote: Tue Dec 17, 2024 12:45 pm Yeah, Tesla is the only car company to 'manipulate' revenue by *checks notes* tying incentives to buying new vehicles. Good call-out there.

Market capitalization, sometimes referred to as market cap, is the total value of a publicly traded company's outstanding common shares owned by stockholders.

Market capitalization is equal to the market price per common share multiplied by the number of common shares outstanding

The National Highway Traffic Safety Administration says the recall impacts certain 2024 Cybertrucks, 2017-2025 Model 3s and 2020-2025 Model Ys.
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Basically, the issue is that the TPMS warning light on these cars might not stay illuminated between drive cycles. That means it could fail to warn the driver that their car has low tire pressure. That, as you may have guessed, can be dangerous and lead to a crash. Now, 694,304 Teslas are being recalled. Unless you’ve got a Model S or Model X, your car was hit with this issue.
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To Tesla’s credit, it did seem to act rather fast after the issue was discovered.
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In fact, this whole thing happened so quickly that the OTA update has already been rolled out. Impacted customers don’t really need to do anything else, but regardless, they’ll be notified by February 15, 2025. Would it have been better if this recall never had to happen? Sure, but at least Tesla did something right and fixed it quickly.
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For those keeping score at home, this is the seventh Tesla Cybertruck recall of the year. It’s already been hit with recalls for faulty inverters, bad rearview cameras, pedals that get stuck, failing floppy windshield wipers, bed trip that could go flying off and an issue with the font size of certain warning lights.

Hertz bought a bunch of Tesla Model 3s for its rental fleet and quickly realized that Tesla depreciation would be extra bad at scale. In an aggressive effort to sell off its remaining Tesla inventory, the rental company is sending extra cheap buyout options to rental customers. If you like your rental, Hertz will sell it to you for an extra cheap good deal. One Hertz customer took to Reddit to show off a screenshot of the deal he got directly from Hertz, a 2023 Tesla Model 3 with 30,000 miles on the odometer for $17,913.