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217 points mfiguiere | 1 comments | | HN request time: 0s | source
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slg ◴[] No.41844068[source]
How is stuff like this not considered fraud? This seems much worse to me than Musk's usual Tesla lies in which he is predicting some future capability. At least there is an argument that Musk believed it those at the time he said them or that they were optimistically possible despite being impractical. This seems to be material misrepresentation of the viability of one of the company's core R&D projects that Musk claims "will be the biggest product ever".
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1. jcranmer ◴[] No.41844572[source]
Fraud is a material misstatement of fact to induce someone to do something. It's really not clear that there's any actual inducement here; this isn't exactly the centerpoint of a pitch video to investors. (As it turns out, Tesla's stock went down like 9% the next day after the event, with most of the analysts' reactions to the announcement essentially being "okay, so he doesn't really have anything that he wasn't already pitching").