591

A Florida judge found "reasonable evidence" that Tesla Chief Executive Elon Musk and other managers knew the automaker's vehicles had a defective Autopilot system but still allowed the cars to be driven unsafely, according to a ruling.

you are viewing a single comment's thread
view the rest of the comments
[-] TWeaK@lemm.ee 82 points 1 year ago

Friendly reminder that Musk used Tesla stock to fund $20 bn of the ~$27 bn he used to buy Twitter.

[-] Railcar8095@lemm.ee 34 points 1 year ago

Which means, $20bn in Twitter seemed a better investment than keeping them in Tesla. I don't know what would be funnier, that he was right or that he was wrong with that gamble.

[-] logicbomb@lemmy.world 26 points 1 year ago

He didn't sell the Tesla stock. He used it as collateral to borrow the money. Rich people rarely sell their things while they are alive. They borrow against their fortune because if they sell, they have to pay capital gains taxes.

[-] zettajon 6 points 1 year ago

Borrowing with stocks as collateral should be taxed at the capital gains rate

load more comments (1 replies)
load more comments (12 replies)
load more comments (12 replies)
this post was submitted on 22 Nov 2023
591 points (97.9% liked)

Technology

60070 readers
3684 users here now

This is a most excellent place for technology news and articles.


Our Rules


  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots


founded 2 years ago
MODERATORS