mmd
Active Member
Is this the TSLA investment thread, or the thread for comical musings? Isn't there a separate thread to discuss the Volkswagen scandal?
You can install our site as a web app on your iOS device by utilizing the Add to Home Screen feature in Safari. Please see this thread for more details on this.
Note: This feature may not be available in some browsers.
If Volkswagen goes bankrupt, let's hope they set aside enough money to handle the mess before filing. Bankruptcy seems like a logical solution, if the German government will permit it. The right type of situation could allow Tesla to buy a portion of Volkswagens assets for pennies on the dollar. Volkswagen could return, with the opportunity to start fresh, and perhaps focus on producing Electric Vehicles, in copperation with Tesla and others.
If it turns out the other automobile manufacturers were also involved, it's possible the German government might try to ensure this type of outcome. Fix the mess,do everything possible to make sure jobs aren't lost, and do everything possible to minimize any impact to the economy.
Volkswagen is a conglomerate of sort and the state of Lower Saxony owns 12.7% of Volkswagen Group's shares.
Looks like Elon will be a busy boy....add on a possible meeting with Indian Prime Minister Modi in Fremont on the 26th/27th and the reveal on the 29th and Elon is in Ludicrous mode approaching maximum plaid. Looks like he might be chasing the sun on a plane Friday night from Tilburg to Fremont.
What Is India's Prime Minister Doing At A Tesla Factory? - Yahoo Finance
How timely is Elon's interview with Sigmar Gabriel tomorrow in light of the VW/clean Diesel scandal?
Is this the TSLA investment thread, or the thread for comical musings? Isn't there a separate thread to discuss the Volkswagen scandal?
Is this the TSLA investment thread, or the thread for comical musings? Isn't there a separate thread to discuss the Volkswagen scandal?
Well at least Volkswagen is one of the manufacturers that announces monthly sales figures... October 1st/2nd isn't that far away, so we should see an effect of all this.
I expect to see Volkswagen take major sales hits across the board, not just their diesel models.
It's a good job car dealerships make an average of $1million in profit each year... now's the time to dip into those profits you piled up earlier, if you're a Volkswagen dealer.
As far as TSLA goes, I'm seeing support building up through the day. Hopefully we close back over $260.
Fixing the problem while keeping the company together to generate a profit again later on is a better outcome than to file bankruptcy and rebuild the company. The brand has been tarnished really badly and best way is to regain some trust by fixing. Let's see how deep VW pocket book is.
i don't blame VW dealers. I don't think they had any part in this pollution fraud
- - - Updated - - -
What am I missing here? isn't the VW fix as simple as changing the firmware? Granted the MPG and HP will drop but emissions will be within requirement from EPA
Not that easy. The engine is pouring out gases high above the EPA guidelines and a program is giving out false info.
Late Monday, the company filed papers asking the bankruptcy court to allow it to end its obligation for its 969 non-union retirees, saying no potential buyer of its assets would agree to take on the cost.
"The debtors will lose the ability to fund their operating expenses, much less any other obligations such as retiree-related expenses, within a matter of weeks," Patriot said in court papers.
It is pretty on-topic. The unasked question is: Will the VW scandal affect Tesla stock in the short term? I think yes, and that is what the conversation is covering.
What am I missing here? isn't the VW fix as simple as changing the firmware? Granted the MPG and HP will drop but emissions will be within requirement from EPA
Not that easy. The engine is pouring out gases high above the EPA guidelines and a program is giving out false info.
Wait, are you saying that testing involves reading out what the car says and not actual tailpipe measurements??
On that note, here's a good article on the Verge discussing why this is another great reason to start embracing EVs Volkswagens $7.3 billion diesel deception is a blessing in disguise | The Verge
And this use of a switch is not limited to diesel engines.The federal government has long been known that automakers can use shutdown with emissions test, as it has used manipulative in the US Volkswagen. This is apparent from the response of the Federal Ministry of Transport to an inquiry by the Green from July 28, the possession of the newspaper"Welt".
If this is true, this would be a further escalation of #dieselgate
EU polititian Sven Giegold chimes in and says there is proof German government new about this fraud at least since 28th of July this year and did not take action (link, google translate):
I don't know what to say anymore and what to expect of tomorrow.
It looks like German government now involved in this issue.
As a German I want to say sorry for all this, this is really bad.
i don't blame VW dealers. I don't think they had any part in this pollution fraud
- - - Updated - - -
What am I missing here? isn't the VW fix as simple as changing the firmware? Granted the MPG and HP will drop but emissions will be within requirement from EPA
....
I don't know what to say anymore.
German car enthusiast says sorry for all that.
I just hope that people keep their faith in Tesla Motors and their vision.
And by the way, I use Yahoo for intraday chart, but am I the only not to have any intraday information since a week or so?