mtswAgain, Theranos-level fraud. So much of the runup of Tesla's stock price (and Elon's personal wealth) was built on the widespread assumption that they had a lead in self-driving technology, based on fraudulent evidence like this staged demo. https://www.bloomberg.com/news/articles/2023-01-19/elon-musk-directed-tesla-autopilot-video-saying-car-drove-itself-tsla?srnd=premium
imbou@mtsw I despise Elon musk, have for years complained that he is using his customers as alpha testers and think he is a fraud but it’s not Theranos. Theranos products were literally non functional they couldn’t do a test at all, they were sending stuff to real labs to get results it was a complete fraud with a product that couldn’t do anything they described. Tesla on the other hand exaggerate how good the capabilities are which in the eye of the law isn’t the same.
Adam Cook@imbou @mtsw These lies have actually killed people though.
That is beyond Theranos’ wrongdoings in my view.
Tesla’s vehicles are not remotely capable of “self-driving” and it is extremely dangerous that Tesla should suggest that they are.
As such, Tesla’s product is not functional either - because it is structurally and terminally unsafe.
@adamjcook @mtsw I am not arguing Tesla is good. What I am saying is that theranos actually faked medical results it endangered a lot of people as well, exaggerating the safety of a product is something that happens a lot in business but raising money and selling a completely fake product is whole other level. Cars kill people all of them. They are both bad Theranos was at another level.
@imbou @mtsw Let me be a bit more direct - these lies that Tesla told directly contributed to multiple Autopilot-related fatalities and they continue to harm the public today.
Theranos' lies endangered people.
Tesla's lies killed several people.
The fact that cars cause injury in death in general is orthogonal to Tesla's wrongdoings, in my view.
I would say, given this, that Tesla's wrongdoings are certainly more severe (and ongoing).