Comment on Elon Musk demands another huge payday from Tesla

• partial_accumen@lemmy.world ⁨10⁩ ⁨months⁩ ago

  You still have to pay out warranty work either way. Someone has to fix it after all.

  Yes, but if you’re paying a dealer, they need to be paid to make it worth their while. Manufacturers using dealers are essentially hiring an outside company for the work. This would contrast very differently with a direct sales company that simply has its own employees doing the work. A direct sales company doesn’t need to “profit” from the effort put into its warranty work.

  There are many people who have made the claim that Tesla doesn’t really make money.

  Again its a public company. You can download the 10-K directly from SEC.gov.

  Also, the only people who do vigorously insistent that Tesla is profitable are the fanboy investors and some of the least credible analysts out there.

  Are you saying Tesla is lying in their public reports? Keep in mind these are also audited by large outside companies. I think Tesla uses PWC.

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  • Hypx@kbin.social ⁨10⁩ ⁨months⁩ ago

    Then what, Tesla owns their own repair and maintenance service? That also costs money.

    Ultimately, you’re going to accept that there’s no way around some of the cost of running a car company. If you won’t accept it, then there’s nothing I can say to change your mind.

    Also, most of the numbers can’t be trusted. It’s known as “regulatory capture.” And they’re probably not the only one. Likely many companies have doctored accounting numbers these days. If anything, this is a huge problem in business today.

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    • nbafantest@lemmy.world ⁨10⁩ ⁨months⁩ ago

      Also, most of the numbers can’t be trusted. It’s known as “regulatory capture.” And they’re probably not the only one. Likely many companies have doctored accounting numbers these days. If anything, this is a huge problem in business today.

      This is not accurate at all.

      1. This is not what regulatory capture is
      2. PWC is massively incentivized to catch any fraud by Tesla/Musk

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      • Hypx@kbin.social ⁨10⁩ ⁨months⁩ ago

        Then you live in on another planet. Or at least another decade. Regulatory capture is everywhere these days, and PWC is 100% motivated to hide any fraud. In fact, pretty much all accounting firms are motivated to do so. I'd rather believe every accounting firm is guilty of aiding in some kind of accounting fraud than the reverse.

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