TL;DR

Tesla’s accused of manipulating odometers to avoid warranty costs, leaving owners like Nyree Hinton with hefty repair bills. This echoes past financial scandals, reminding us that tech innovation doesn’t erase corporate greed.

Story

Another day, another tech scandal. This time, Tesla’s accused of rigging odometers—like a sneaky cab driver inflating fares. One owner, Nyree Hinton, claims his Model Y’s mileage was jacked up 15%, costing him a $10,000 repair bill. He’s suing, claiming Tesla did this to dodge warranty payouts.‣ Warranty: A promise to fix stuff if it breaks within a set time/mileage.

Tesla denies it, naturally. But if true, it’s like Enron all over again—cooking the books to look profitable, screwing over customers in the process.‣ Enron: An energy company that went bankrupt after accounting fraud. Remember the 2008 crash? Same story, different suit.‣ 2008 Crash: A financial crisis triggered by shady mortgage practices. Greed, thy name is corporation.

How did Tesla allegedly pull this off? By linking odometers to “predictive algorithms.” Sounds fancy, right? Basically, they’re guessing how much you drive—not actually measuring it. This could mean higher lease payments and early warranty expirations. Nice for Tesla’s bottom line, not so much for your wallet.

This reminds me of those shady used car dealers who roll back odometers. Except this is Tesla—a company promising a tech utopia. More like a dystopia where your car lies to your face.

Advice

If something seems too good to be true—like a car that magically reduces its mileage—it probably is. Check your odometer readings against independent sources. Trust no one, especially not tech bros.

Source

https://www.reddit.com/r/stocks/comments/1k1p0mo/tesla_speeds_up_odometers_to_avoid_warranty/