@Five Cry me a river Elon Musk
this post was submitted on 25 Oct 2023
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@Five 🎻
@ianbetteridge @aral @Five For those wondering just like me, the answer is a bit complicated, but in terms of settlements paid:
On 28 June 2016, Volkswagen agreed to pay $15.3 billion to settle the various public and private civil actions in the United States, the largest settlement ever of an automobile-related consumer class action in United States history.
https://en.wikipedia.org/wiki/Volkswagen_emissions_scandal#Private_actions
@Five So put into 5 words it's Tesla admitting:"Every single word is true"? I've no idea why else it should have "adverse impact". And if so, it SHOULD have that impact – to keep others at bay and protect those who're not billionaire man-babies.
The SEC might also look into the question, whether repeated false claims about Tesla's self-driving capabilities had an impact on the company's share price.