Thursday, 24 April 2025

Miles off

In the olden days, dodgy car dealers would turn back the odometers on vehicles to make them appear to have had less usage - and hence increase their value.

Apparently it involved a drill and the speedo cable.

You can't do that with modern cars.

Now, in the first of two Tesla stories from Reuters this week, they are accused of tampering in the opposite direction.  There is an allegation and matching lawsuit claiming that Teslas over-record their mileage so that the warranties run out quicker.

Another reason not to buy a second-hand Tesla if it's true.

The second story is about investor nervousness about brand damage done by Elon Musk.

They seem relieved that he will be reducing his Trump duties and spending more time with Tesla.

And the share price is going up despite a massive drop in profits.

I guess I don't understand finance.

I would have thought having a Nazi tosser spending MORE TIME running the company would be a bad thing.

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