1/ I certainly hope the NHTSA's new investigation is a turning point, my skepticism comes from a long history.

Consider: Joshua Brown was decapitated while using Autopilot in early May of 2016. Tesla raised equity a few weeks later without disclosing this fact. $TSLAQ
2/ Goldman Sachs led that raise - having magically upgraded Tesla that very morning. The SEC opened an investigation into both Tesla and Goldman on the entire affair. The NHTSA dutifully opened an investigation into the Brown crash.
3/ The SEC quietly issued a no-action letter long after the controversy settled down. The NHTSA did one better: they effectively exonerated Tesla and claimed data showed Autopilot was 40% safer than a human driver.
4/ Elon and Tesla touted that 40% number every chance they could. Only problem? It was bullshit. The NHTSA worked hard to keep the data behind the analysis from the public. When it was finally released, the data showed no such thing. It was essentially fabricated.
5/ The scandal behind this 40% number is one of the great mysteries of the Tesla/NHTSA relationship. Someday it will all come out, I hope.
6/ Meanwhile, the NTSB has been loudly criticizing both Tesla and the NHTSA for *years*, and yet the NHTSA has sat on their hands while people have died. And not just on the Autopilot issue. On *every* issue. China has done way more to regulate Tesla than the NHTSA.
7/ The NTSB is the most venerable transportation safety organization in the world. You'd think their unprecedented public rebuke of the Tesla and the NHTSA would have had an impact. You'd be wrong.
8/ So yes, I know this is a new administration with new leadership in key agencies. I know Elon was snubbed by Biden. I know Biden is pro-union and Elon is a union buster. I know the NLRB ordered Elon to delete a tweet that is still up. I know.

It doesn't matter until it does.
*rebuke of Tesla

• • •

Missing some Tweet in this thread? You can try to force a refresh

Keep Current with TC (poorly dancing robot)

TC (poorly dancing robot) Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!


Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @TESLAcharts

10 Aug
1/ A thread on the SolarCity trial transcripts. Due to the tireless work of @PlainSite, ten volumes worth of testimony are freely available to the public on his website. Having read them, I can confirm the outstanding in-person reporting of @Teslaq_snark. $TSLAQ
2/ I wrote a thread two weeks ago with some preliminary thoughts. Take a few minutes to read it if you missed it. At its core, SolarCity was a financing company wrapped in a stock promotion scheme. I won’t repeat the key aspects of that thread here.

3/ After reading the entire case, I have little doubt SolarCity would have filed for bankruptcy absent the bailout orchestrated by Elon using Tesla’s equity as currency. SolarCity’s bankruptcy would have been the end of Elon’s empire. When cornered, he cheated, and it worked.
Read 29 tweets
8 Aug
1/ Some thoughts on the cost of labor, vaccine status, etc. But before I do, this isn’t a thread about vaccines pro or con, whether people should get them, or whether the government has the power to force it, etc. I and my entire family chose to be fully vaccinated. You do you.
2/ There’s a shortage of labor in the country. There’s pressure on wages. There’s also a large number of adults who won’t ever get a vaccine, for whatever reason. Doesn’t really matter. It’s undeniable that they exist and it’s a sizable number.
3/ There’s also a proportion of the population who don’t yet have access to a vaccine, although one would presume the subset of people who actually want a vaccine and haven’t yet received their jabs shrinks with each passing day.
Read 7 tweets
28 Jul
1/ As I work my way through the SolarCity transcripts, I think it is pretty clear what happened here and why. Some thoughts. $TSLAQ
2/ At its core, SolarCity wasn't really a solar company. It was a financing company wrapped in an aggressive stock promote. The heart of the business was sourcing and installing solar in exchange for power purchase agreements (PPAs) and tax credits which could be securitized.
3/ When I say SolarCity wasn't really a solar company, what I mean is they didn't make solar panels or solar inverters. They sourced these things from the market and acted as a financing intermediary with and installer for (mostly) residential customers.
Read 18 tweets
27 Jul
1/ Please read these four pages of testimony from Kimbal Musk, which I will post in order.

$TSLAQ Image
2/ Image
3/ Image
Read 4 tweets
19 May

1/ Project Drano™️ Update

Minimal inflows despite huge up day, weaker funds seeing nonstop outflows

2/ Overnight numbers
3/ It has been more than a month since $ARKF saw any inflows
Read 5 tweets
6 Apr
1/ With EV competition arriving en masse in 2021 and Tesla's FSD scam unraveling for everybody to see, there's only one move left: $TSLA will merge with SpaceX. The man needs a new narrative, and this is the last trick.

H/T @AlderLaneeggs for hammering this idea since forever.
2/ The main stated synergy will be that, somehow, SpaceX's Starlink enables Tesla to finally solve FSD. Data!! Next generation internet!! 5G!! 6G!! He'll achieve Level 6 autonomy!! Yada yada yada. $TSLA
3/ A magician needs his distractions, and the orgy of fees the deal will generate means every analyst on the street will go bananas. Think Ives and Jonas write stupid stuff now? Wait until there's a few hundred million to slosh around. $TSLA
Read 4 tweets

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!

Follow Us on Twitter!