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Joined 1 year ago
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Cake day: June 15th, 2023

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  • Bankruptcy (chapter 11) doesn’t mean the company goes out of business, or that the share price goes to zero. It means they renegotiate debts, after presenting a plan describing how they’ll be able to pay those renegotiated debts. If those debts can not be renegotiated, the company can not present a plan that offers paying them off, or the court rejects any part of the plan, then the company’s assets may be liquidated to pay any outstanding debts.

    Being bought out would likely come before any of this, which again means the stock wouldn’t be worthless.



  • He absolutely was. Early on, there was literally nothing Elon could say or do that would make Fred question Elon’s integrity or genius. The change in Elon’s relationship with Fred came when Fred finally actually owned a Tesla vehicle and realized it was a piece of shit. He had the audacity to ask Elon questions about quality problems people were reporting and Fred finally believed, on open Twitter, which got Elon to block Fred temporarily at least. What happened next in the community is the most predictable thing ever, as the True Believers turned on Fred and accused him of everything under the sun.







  • Interesting that they’re licensing BYD’s blades, I’d be very curious to see how those hold up against heavy use and warranty claims. It also feels like odd timing for BW to be announcing packs for commercial BEVs, given the fact basically every manufacturer has moved away from the ODM model and instead turned to either OEM or fully in-house manufactured packs. The cells are the parts that vehicle manufacturers need to source, and any of them that have tried to consume externally designed generic packs have had issues with packaging in their vehicles.

    The DCFC makes sense as a public charger, which they mention in their press release, and as a fleet DCFC. But unless they’re doing something very unique or partnering with fleet operators, it’s hard to see what this gains them.