09-09-2023, 08:07 AM
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#4381
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Franchise Player
Join Date: Mar 2015
Location: Pickle Jar Lake
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Quote:
When asked if Musk is betting that fighting lawsuits will be cheaper than paying bills, attorney Shannon Liss-Riordan told Ars that "it's not really clear what Musk is thinking. He seems to think he's above the law and he can just do whatever he wants. He probably thought that not many people would actually challenge him on what he's doing."
Liss-Riordan isn't involved in the severance lawsuit noted above but has several pending cases against X. She is representing six companies—so far—in a class-action lawsuit alleging that it refused to pay bills. The class-action complaint in US District Court for the Northern District of California points to a Business Insider report that said, "in response to concerns about not paying vendors who provided services to or performed work for Twitter, Musk told Twitter employees, repeatedly, to 'let them sue.'"
A Financial Times article had a similar anecdote. "Elon would always say, 'Let them sue,' it was a constant refrain... It's all very short-term thinking," a former senior staffer reportedly said.
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https://arstechnica.com/tech-policy/...a-x-to-pay-up/
Careful, business genius at work. Big summary of lawsuits at the link.
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09-09-2023, 08:46 AM
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#4382
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damn onions
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Since lawsuits take 5 years to figure out, and you can appeal, and eventually settle, I don’t know why the strategy isn’t employed more. You’ll never have to pay what you actually owe and if you’re forced to pay something you save the NPV of that money. And that all assumes you’ll even get sued for it in the first place.
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09-09-2023, 08:51 AM
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#4383
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#1 Goaltender
Join Date: Nov 2005
Location: the middle
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I'm no legal expert, but I don't think the lawyers are working for free during the 5 years.
If you're paying millions in legal fees to fight millions in bills where you'll settle for millions, maybe you're banking too much on the 'not getting sued' part?
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09-09-2023, 08:56 AM
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#4384
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damn onions
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Well, I mean moreso in the context of when you have in-house legal counsel and they can keep a file rolling on the side of their desk without much effort. Sure there would be a theoretical cost but probably outweighed by the potential bill.
I have a practical example of this exact very thing that happened and I am part of a lawsuit as a class but don’t want to get into it, but the strategy “made sense” from a business perspective and I was thinking there were probably lots of other examples like it where you could lean on an inefficient judicial system to lower your obligations.
Greasy? Yes. Immoral? Yes. Would it “work” from a business perspective? Probably.
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09-09-2023, 09:21 AM
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#4385
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Basement Chicken Choker
Join Date: Jan 2007
Location: In a land without pants, or war, or want. But mostly we care about the pants.
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Once a business gets a reputation of that kind, other businesses will either charge a premium to work with them, or decline to work with them at all. There is also a cost associated with onboarding vendors.
Not paying your bills may work in specific limited instances, but it's no way to run a long-term enterprise.
Sent from my motorola razr plus 2023 using Tapatalk
__________________
Better educated sadness than oblivious joy.
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09-09-2023, 09:31 AM
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#4386
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Franchise Player
Join Date: Oct 2014
Location: Springbank
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Quote:
Originally Posted by Mr.Coffee
Well, I mean moreso in the context of when you have in-house legal counsel and they can keep a file rolling on the side of their desk without much effort. Sure there would be a theoretical cost but probably outweighed by the potential bill.
I have a practical example of this exact very thing that happened and I am part of a lawsuit as a class but don’t want to get into it, but the strategy “made sense” from a business perspective and I was thinking there were probably lots of other examples like it where you could lean on an inefficient judicial system to lower your obligations.
Greasy? Yes. Immoral? Yes. Would it “work” from a business perspective? Probably.
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In house legal is not who works a lawsuit. They hire outside litigators.
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09-09-2023, 12:30 PM
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#4387
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Franchise Player
Join Date: Jan 2010
Location: east van
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you lose your lawsuit you also have to pay for the other guys lawyers and those guys, they really pad their bills at that point
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09-09-2023, 01:20 PM
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#4388
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damn onions
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Quote:
Originally Posted by GioforPM
In house legal is not who works a lawsuit. They hire outside litigators.
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True. I think the strategy still holds water but like jammies said probably super contextual. The class I’m a part of, the amount owing various people was $16.5MM US.
The amount settled. 6 years later… $7MM. Could prob pay legal fees pretty easily. I think a lot of big businesses with large bills like that can afford lawyers.
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09-09-2023, 04:51 PM
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#4389
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Franchise Player
Join Date: Feb 2010
Location: Park Hyatt Tokyo
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Quote:
Originally Posted by Locke
Lol! That would be better. Look at those doors! And the tire on the hood! Brilliant stuff.
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The tire on the hood is great for deflecting drone strikes.
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09-09-2023, 09:49 PM
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#4390
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Voted for Kodos
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Quote:
Originally Posted by Fuzz
https://twitter.com/user/status/1699489857662525927
Since we are talking dumb Tesla things here...Tesla cars have the charging port at the back left corner. This has allowed Tesla to use very short charging cables on their superchargers. Win on cost savings, right? Well this looks to be too short for the CT. You can see it had to back in biasing the passenger side of the space, and have the hitch basically in contact with the charger to plug it in. Seems like something they should have thought through, maybe had it right on the back corner. But then it might ruin the beautiful lines of this majestic beast.
Also, for a vehicle supposedly having a Q3 launch event, they sure look like they have a lot of testing is going on.
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A cybertruck that looks like it can’t reach the charger if the tailgate is down… utterly brilliant.
What the over/under in the total number of Cybertrucks (of this design) that EVER get sold? Given that it’s 50/50 at best in whether they are ever even allowed to be sold, and clearly have chosen form over function at literally every step, if set the over/under at 5000 units.
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09-09-2023, 11:59 PM
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#4391
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Franchise Player
Join Date: Jan 2010
Location: east van
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Quote:
Originally Posted by You Need a Thneed
A cybertruck that looks like it can’t reach the charger if the tailgate is down… utterly brilliant.
What the over/under in the total number of Cybertrucks (of this design) that EVER get sold? Given that it’s 50/50 at best in whether they are ever even allowed to be sold, and clearly have chosen form over function at literally every step, if set the over/under at 5000 units.
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that you choose form over function and still come up with a truck this bog ugly is kind of impressive in of itself
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09-12-2023, 05:55 PM
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#4392
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Franchise Player
Join Date: May 2004
Location: Marseilles Of The Prairies
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If anyone wants to enjoy a less garbage filled platform with some weird quirks (why do we see so many replies but not original threads???) I have 4 1 BlueSky codes if you want to DM me for em.
__________________
Quote:
Originally Posted by MrMastodonFarm
Settle down there, Temple Grandin.
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Last edited by PsYcNeT; 09-13-2023 at 07:34 AM.
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09-14-2023, 07:15 AM
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#4393
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Franchise Player
Join Date: Mar 2015
Location: Pickle Jar Lake
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Big pic
https://www.cybertruckownersclub.com...eat-look.9231/
Some pics of a crash tested one. Musk has bragged about the "super tough stainless steel exoskeleton" but what I notice is the piece along the windshield that looks like a stainless sticker. I wonder how long before they start peeling away and looking all wavy.
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09-14-2023, 07:44 AM
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#4395
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Franchise Player
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Quote:
Originally Posted by PepsiFree
Don’t you want a vehicle to crumple in a collision so that you avoid all of the force going into the body of the driver/passengers?
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Not when it is rolling over or you end up with crumpled heads and necks.
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09-14-2023, 07:46 AM
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#4396
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Franchise Player
Join Date: Mar 2015
Location: Pickle Jar Lake
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That was from a ditch rollover test, not an impact one. Looks like it did fine for that.
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09-14-2023, 07:56 AM
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#4398
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Franchise Player
Join Date: Mar 2015
Location: Pickle Jar Lake
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There was no article, it's from the Cybernerd forum, but the truck had a sticker on it saying "ditch rollover test".
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09-14-2023, 08:20 AM
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#4400
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Franchise Player
Join Date: Mar 2015
Location: Pickle Jar Lake
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Quote:
Originally Posted by PepsiFree
I admittedly did not click the link at all
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Be better.
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