TMC is an independent, primarily volunteer organization that relies on ad revenue to cover its operating costs. Please consider whitelisting TMC on your ad blocker or making a Paypal contribution here: paypal.me/SupportTMC

[My Belief] Elon would personally fund costs related to a recall

Discussion in 'TSLA Investor Discussions' started by FredTMC, Nov 20, 2013.

  1. FredTMC

    FredTMC Model S VIN #4925

    Joined:
    Dec 26, 2012
    Messages:
    3,015
    Location:
    Orange County CA
    I think an NHTSA recall is highly unlikely. Elon thinks the same.

    That being said, I think Elon would personally fund any recall corrective actions rather than allow recall costs to impact Tesla's financials. Agree?

    How long will NHTSA take to complete investigation? Thoughts? I'm thinking weeks rather than months.
     
  2. liuping

    liuping Active Member

    Joined:
    Jul 23, 2013
    Messages:
    1,858
    Location:
    San Diego
    Why on earth do you think the CEO would personally pay for recall costs?
     
  3. brianstorms

    brianstorms Member

    Joined:
    Apr 2, 2013
    Messages:
    753
    Location:
    ...
    Yeah, seems like a stretch. Only way I can see that he'd "pay" is in the paper billions he'd "lose" when upon news of a major recall, the stock would fall into the 90s... 80s...70s... I don't like to think about it.
     
  4. Babylonfive

    Babylonfive Power12

    Joined:
    Feb 3, 2011
    Messages:
    721
    Location:
    Cedar Park (Austin), Texas
    If you ask about almost any other company and CEO, you wouldn't.

    This is a different animal.
     
  5. FredTMC

    FredTMC Model S VIN #4925

    Joined:
    Dec 26, 2012
    Messages:
    3,015
    Location:
    Orange County CA
    He has a history of doing things like this.
     
  6. Suzieq

    Suzieq Member

    Joined:
    Dec 27, 2012
    Messages:
    84
    Location:
    Oakland, CA
    Elon's willingness to extend the warranty on the fire issue and other steps he has taken pretty much show that he's willing to "put his money where his mouth is"... In other words, he could not be more committed to the success of creating an affordable electric vehicle. Would he "personally" fund the recall? Maybe, maybe not. But with that kind of commitment, it makes little difference in the end. Like all of you, I'm in this for the long run.
     
  7. AnOutsider

    AnOutsider S532 # XS27

    Joined:
    Apr 3, 2009
    Messages:
    11,923
    Mod Note: To prevent any misconceptions by someone glancing at a title and not reading further, I edited the title to clarify that this is your belief and not something that has been stated.
     
  8. ecarfan

    ecarfan Well-Known Member

    Joined:
    Sep 21, 2013
    Messages:
    10,376
    Location:
    San Mateo, CA
    Good move, thank you. I like the moderation on the TMC forums. I wish Tesla had someone moderating the tesla.com forums, there is too much nastiness there sometimes.
     
  9. Suzieq

    Suzieq Member

    Joined:
    Dec 27, 2012
    Messages:
    84
    Location:
    Oakland, CA
    off topic but: agree on the moderation. Best moderated forum that I have seen. I've left more than a few that needed better moderation.
     
  10. Luclyluciano

    Luclyluciano Member

    Joined:
    Oct 11, 2013
    Messages:
    177
    Location:
    Canada

    I hope it's not like the buyback guarantee. Smokescreen.
     
  11. EnergyMax

    EnergyMax Member

    Joined:
    Jun 1, 2013
    Messages:
    186
    Location:
    Chicago
    Why recall? The car has a perfect record on preventing injury. The car resists damage superior to ICE. Even Tesla followers are swayed by the Paranoids, which is why I bought today. (but thanks for contributing to my account ;)
     
  12. yobigd20

    yobigd20 Well-Known Member

    Joined:
    Oct 28, 2012
    Messages:
    5,793
    Location:
    Skaneateles, NY
    If the Model S is recalled because of 2 fires that were the result of major accidents yet no injuries at all, then every single petrol based car in the world that has also been in a fire should also be recalled.

    A recall is totally not warranted here. An investigation in the first place by the NHSTA is also not warranted. If I were Tesla I'd probably sue the NHSTA for some sort of unfair profiling/stereotyping/defamation.
     
  13. FredTMC

    FredTMC Model S VIN #4925

    Joined:
    Dec 26, 2012
    Messages:
    3,015
    Location:
    Orange County CA
    Thanks!

    - - - Updated - - -

    i agree. It's highly unlikely. That being said, it's possible
     
  14. kendallpb

    kendallpb Model S: P 8061

    Joined:
    Oct 29, 2010
    Messages:
    1,185
    Location:
    MD, USA
    They asked the NHSTA to do this...

    ...though to me it seems over the top.
     
  15. Chickenlittle

    Chickenlittle Active Member

    Joined:
    Sep 10, 2013
    Messages:
    1,665
    Location:
    Virginia
    if a recall is issued, the stock price already reflects it. if no recall or inexpensive one should bump the stock price. frankly not a bad time to have a recall if it is needed. better to settle issue now before factory really pumps out volumes of cars. most of the cars are in usa, so it would probably cost less to recall. having said that i doubt there will be one and tesla did the correct thing by raising the height. if the 17 inch screen didnt tell you the car wasnt lowered, nobody would know.
     
  16. Raffy.Roma

    Raffy.Roma Active Member

    Joined:
    Jul 22, 2012
    Messages:
    3,209
    Location:
    Rome (Italy)
    We all know that this matter of NHTSA investigations (that for the time being are only formal) started because of a PR/image issue rather than a real safety issue. To this concern I would like to point out that in the case of the second accident (Mexico) people inside the cabin would have very likely died if they were in another ICE car and for this reason they should be very thankful to Tesla.
    That said the PR/image issue comes from the fact that the Model S adopts a new technology creating an unconscious fear in people not used to it.
    But, believe me, this unconscious fear is very difficult to be overtook! For this reason the NHTSA is forced to inquire. IMO it's very difficult that there will be a recall. Maybe some slight and cheap changes to be done during normal service.
     
  17. Royal TS(LA)

    Royal TS(LA) Member

    Joined:
    May 11, 2013
    Messages:
    96
    Location:
    Munich, Germany
    I guess this depends. Guys who are long TSLA and got in late are pretty screwed if it goes below the 70s and stays there for months (maybe even years). On the other hand, the ones who want in would prefer the lowest possible price. Since I did not have any money to invest when the stock skyrocketed, I personally prefer the lowest possible entry price ;) .
     
  18. Chickenlittle

    Chickenlittle Active Member

    Joined:
    Sep 10, 2013
    Messages:
    1,665
    Location:
    Virginia
    You will have to pardon me if I don't root for you. Why don't you just short it.
     

Share This Page