• KazuyaDarklight@lemmy.worldEnglish
    10 months

    Ok, this doesn’t sound too crazy in context.

    They aren’t owners, they are suing to be released from their lease contracts because they feel they suffered “direct and concrete” damage from the way Teslas are now associated with “Elon Musk’s actions”.

    • WhatAmLemmy@lemmy.worldEnglish
      10 months

      Of course it’s not crazy. The CEO went all in on being a fascist piece of shit, and brazenly open drug addiction, which has directly damaged the assets of all of his businesses, their customers assets, and the entire brands.

      If, within the next 5 years, Elon isn’t billions in debt and destitute, that’s how you know we all live in corporate dictatorships masquerading as “democracies”.

      • TheFriar@lemm.eeEnglish
        10 months

        I feel like we all very, very clearly knew it already.

      • Vinstaal0@feddit.nlEnglish
        10 months

        Why would he be in debt though, the depreciation of the goodwill will not cause him to be millions in debt, just that the company would sell for less. There isn’t a lot of ground to sue Elon sadly, you can sue Tesla for things like this though and there are probably some other things you can sue either Musk or Tesla, but even if you sue Tesla in the ground Musk wouldn’t go into debt from it. Most likely case is that his assets are in a holding company anyway.

        The US is a corrupt country and a lot of people are defending it or otherwise funding the corruption. Like why can’t we see the annual reports of the companies these billionairs own?

        • Knock_Knock_Lemmy_In@lemmy.worldEnglish
          10 months

          Musk has pledged $62.5 billion in Tesla stock as collateral for margin loans of $12.5 billion.

          Giacomo Santangelo, a senior lecturer in economics at Fordham University said “A 20% stock decline on a 60% loan-to-value loan means the borrower must immediately post additional collateral or face forced liquidation. This creates cascade risk, where small declines trigger margin calls, forcing either more pledging or open-market sales, putting more pressure on the stock.”

          https://www.forbes.com/sites/eriksherman/2025/06/05/does-elon-musks-borrowing-show-a-super-low-tesla-stock-valuation/

          • Vinstaal0@feddit.nlEnglish
            10 months

            Ow right, I forgot the US is a corrupt nation and allows bullshit like this.

            Then again, it is most likely his personal holding/company which has the loans and stock and he has 100% of the shares in that company which will go bankrupt if his loans ever default(? I think that;s the right word?).

            • Knock_Knock_Lemmy_In@lemmy.worldEnglish
              10 months

              Yes. His financial advisors have probably limited his liability. He can lose the value of his holdings, but is unlikely to go into debt himself.

    • NotJohnSmith@feddit.ukEnglish
      10 months

      I agree, it’s a step beyond the little sticker on the back of the car.

      I’d do the same if I had one but pedoguygate switched me off the brand and it’s never been the direction that I wanted to see EVs go (look I have a button that makes the car/range go down really fast. I also don’t think talk of range without reference to battery size is helpful)

    • gian @lemmy.grys.itEnglish
      10 months

      They aren’t owners, they are suing to be released from their lease contracts because they feel they suffered “direct and concrete” damage from the way Teslas are now associated with “Elon Musk’s actions”.

      As long as they agree to return the car…

  • glimse@lemmy.worldEnglish
    10 months

    If your Nazi landlord put up a sign in the front yard that says “THIS RENTER GIVES MONEY TO NAZIS,” you’d probably want to end your lease, too

  • someguy3@lemmy.worldEnglish
    10 months

    They feel they suffered “direct and concrete” damage from the way Teslas are now associated with “Elon Musk’s actions”, the GKA law firm said.

    They are demanding the Paris commercial court order their lease contracts be terminated and legal costs reimbursed, it said in a statement

    As funny as this is I can’t see it going anywhere.

    • takeda@lemmy.dbzer0.comEnglish
      10 months

      Maybe not, but there’s some merit to it. Initially it was a highly desirable car, now one is ashamed to be in because owner is a Nazi. Another problem is that there’s much higher risk that someone else will damage it (again, because of the owner).

      • Gladaed@feddit.orgEnglish
        10 months

        Also: this was not accidental but a willful decision made by the company. If they did just Boeing it you would not have a case.

      • cyrano@lemmy.dbzer0.comEnglish
        10 months

        That should increase the insurance premium and therefore the lease as well due to the risk

      • Grimy@lemmy.worldEnglish
        10 months

        Ya, I’m guessing insurance costs have risen and that definitely comes into play.

      • Cruxifux@feddit.nlEnglish
        10 months

        There’s absolutely merit to the idea, but probably not merit legally. But who knows, legalities are labyrinthine and stupid and vary from country to country.

    • Gladaed@feddit.orgEnglish
      10 months

      Why? This was not something people must have expected due to it being obvious and there is also plain and obvious harm done to them.

      • doodledup@lemmy.worldEnglish
        10 months

        If this is the precedent then everything becomes unexpected. You made a contract buying the car, that contract is signed in the past. Nobody cares what happens after that.

        • Jo Miran@lemmy.mlEnglish
          10 months

          I think they are looking for an early release from the lease, not a refund on a purchase.

        • nahostdeutschland@feddit.orgEnglish
          10 months

          Let’s not forget how much scummy stuff Elon is doing. It’s not “only” the whole Nazi thing (which btw totally increased the chance of the car being vandalized). We know that he lied about the autopilot, which totally is something to sue about and give back a leased car.

  • supakaity@piefed.blahaj.zoneEnglish
    10 months

    I mean I can relate.

    I sold my car at loss because I couldn’t abide the fascist shit he was flinging around everywhere.

    Despite loving the car itself, I couldn’t love myself owning it and being a moving advertisement for him.

    I still hate that I gave money to fund a person’s decline into being a drug addled, woman hating, Russia supporting, stingy-assed, election rigging, right wing megalomaniac.

    • TimmyDeanSausage @lemmy.worldEnglish
      10 months

      But also, please use deodorant and stop being so rude to American visitors in paris. I get that a lot of us are shitty tourists, but some of us are just regular people who are there for work (and not paid as well as you’d think to be there for that work).

      Edit: said France when I meant Paris cause I’m a stupid American ;)

      • phantomwise@lemmy.mlEnglish
        10 months

        There no need to feel so special, people in Paris are rude to just about everyone. My condolences to anyone who has to work or live there 😬

        • TimmyDeanSausage @lemmy.worldEnglish
          10 months

          I didn’t say I was special. I just experienced the vitriol as an American. I can’t speak to other people’s experiences.

          • Allemaniac@lemmy.worldEnglish
            10 months

            It’s not that the french distaste the yankees specifically, they distaste any human creature that isn’t from Napoleon’s ballsac

          • phantomwise@lemmy.mlEnglish
            10 months

            sorry I meant it in a joking way, I should have worded that better 😅