Dustin Moskovitz, Facebook cofounder, claims Tesla is basically Enron-level fraudulent and that people are going to end up in jail.
At the end of 2026, how true will we deem that to be?
https://fortune.com/2024/04/29/asana-ceo-tesla-next-enron-elon-musk-misled-customers-investors/
FAQ
1. How true is it right now?
As of market creation, 2024 May 2, we're saying by definition that it's 0% true. I'm sure Tesla/Musk haters can point to a list of ways in which it should already be considered partly true. For this to resolve to something other than NO, things well beyond that list have to come to light.
2. [Does ____ count?]
[I don't know how to fill in that blank yet. Ideas solicited! Maybe something like they get busted for faking financial data but the egregiousness is ambiguous and they weather it.]
Resolution Criteria
We'll discuss in the comments! Ask questions and don't trade till things are clarified, but we'll hew to the spirit as articulated here in the description so far.
In the parking lot of the mall near me, the local Telsa dealer stores hundreds of new cars. The lot keeps filling up and filling up with more and more brand new cars (and cybertrucks) just sitting there gathering dust. This has been happening (and seems to be worsening) over the course of more than a year. That doesn't indicate fraud, but does seem to indicate some kind of forecasting mismanagement at the least. Or just "something weird". It doesn't seem like a great place to store new cars for months and months at a time. But anyway, while this doesn't seem like a good sign, I bet a strong NO that Tesla is any kind of Enron-level fraud.
This popped into my Google News feel -- timely (and creepy). Apparently this piling up of Tesla inventory in mall parking lots is happening all over the country. Why? https://insideevs.com/news/718406/tesla-vehicles-lot-demand-texas/
@DavidPennock And now of course since Google News knows that I am interested in this topic, I am getting more variations on this theme. This article even mentions the mall near me (Quaker Bridge Mall) where I've been seeing this for over a year: https://insideevs.com/news/720018/thousands-unsold-tesla-evs-parking-lots/
"Thousands more, as it turns out. Besides the initial batch that the internet found sitting at the former Chesterfield Mall, several hundred Tesla-branded EVs are waiting to be delivered at the Quaker Bridge Mall in Lawrenceville, New Jersey, including some Cybertrucks, as seen in the video and Reddit post embedded below."
And very random comment: insideevs is one letter away from insidreevs. Lol.