Researchers have highlighted the simple fact that a Tesla purchase loses value faster than other car brands.

As of February, “year over year, used EV prices have fallen 24%, with Teslas losing the most value in that period,” Liz Najman, lead researcher at Recurrent, told me in an email. “Looking at just the past few months, Tesla values are still dropping faster than industry average and faster than many of their competitors, such as Ford, Nissan, Chevy, and VW,” Najman said.

Tesla owners apparently have experienced a whopping 32.09% drop year-over-year, the highest price decrease recorded (Models X, Y, 3, and S) and 10 points worse than the average for other used EVs.

Of course this has to be called out because the CEO of Tesla, engaging in an obvious fraud, repeatedly promised his customers and shareholders that the value of his cars would go way up.

Back in 2019, Elon Musk made an astonishing claim for Tesla vehicles. Tesla cars, he said, would go up in value, not down, after purchase. […] He repeated this claim as recently as June 2023. […] During the past year, the price of a used 2021 Tesla Model 3 sedan has dropped, on average, about 29%, going from $40,522 in January of 2023 to just $28,700 in January 2024, according to data from Edmunds.com. In general, model year 2021 used vehicles of all types lost about 19.5% in value over that same period.

Some have actually tried to respond directly to the Tesla CEO, as if writing a letter to a mad barking dog would produce some kind of resolution instead of just wasting time.

Elon Musk Outlines How Teslas Will Be Worth Five Times What You Paid. Here’s How His Math Is Wrong

Math wrong?

Let’s be honest here. Everything is wrong when a CEO can so brazenly lie and cause so many people to lose their life, let alone investments.

Buying a “death trap” Tesla isn’t just a bad financial decision, it’s a terrible life decision and a threat to society.

Related:

• Tesla Now Slowest Selling Used Car in America
• Tesla Announces Bleeding Its Customers Dry Before They’re Killed in a Fire

Promises of low risk high pay jobs for Indians led them to join the Russian army. It turned out to be a human trafficking operation instead, where their lives are thrown away.

After two Indians died after being tricked into the Ukraine-Russia war, the role of an Indian man, who lured several people with the promise of lucrative jobs in the Russian army, has come to light. The man is identified as Faisal Abdul Mutallib Khan, who runs a recruitment agency and a popular YouTube channel called Baba Vlogs

The victims paid money for jobs, thinking they were gaining social entry, yet were sent straight into harms way on the front line. It’s a story of callous fraud, reminiscent of the Tesla experience for many Indians.

Russian strategy has been to exhaust Ukraine’s military resources by using fraud to redirect tens of thousands of unprepared and ill-equipped immigrants into suicide missions.

“When he spoke to us in December, he said that his passport had been taken away and he had been forcibly deployed to the front lines in Ukraine. Since then, for over two months we did not receive any call or news from him,” Mohammed Imran, Afsan’s brother, told reporters in Hyderabad this week. […] Sajad Ahmad Kumar, Aazad Kumar’s elder brother, told VOA that Aazad was hospitalized for three weeks after being hit by a bullet during training. “After he recovered from the injury he was sent to the battlefield. When I spoke to him on January 14, he said that he would be sent to the front line within a day or two. That day he was crying badly over the phone.

The BBC quotes a recent computer science PhD graduate at TU-Berlin, apparently with no work or operations experience, on how spies may have intercepted a German military call.

Eyebrows were raised when it emerged the call happened on the widely-used WebEx platform – but Berlin has insisted the officials used an especially secure, certified version. […] A researcher in cryptography in Berlin, Henning Seidler, believes the most likely theory is that the officer dialled in via his mobile phone and the call was picked up by spies’ antenna who can also “forward” the traffic onto the main, official antenna.

Dial-in is an assertion that is easily tested and proven.

Webex for Government supports end-to-end encrypted meetings in Webex App and Webex Meetings.

BZ-Berlin has posted a report called “Todesfalle Tesla!” on a German court case, regarding a 2022 Tesla crash that trapped and killed two young women. (Translation by me)

Hersteller Tesla saß unsichtbar mit auf der Anklagebank. Denn nach dem Aufprall hatte die automatische Türentriegelung versagt, stellte der Gutachter fest. Folge: Die hinteren Türen ließen von innen und außen nicht öffnen. Laura und Noel (beide 18) verbrannten vor den Augen der Ersthelfer bewusstlos auf der Rücksitzbank.

In the dock, the awful shadow of a car manufacturer loomed large. The expert’s verdict was damning: Tesla’s automatic door unlocking system failed in the crash. The result? The rear doors were incapable of being opened either from inside or out in the crucial moments after the crash. Laura and Noel, both aged 18, were alive yet tragically were trapped and burned to death as first responders could only watch in horror.

The judge ruled two counts of negligent homicide and bodily harm. And the guilty Tesla owner has to pay the costs of the four lawyers for the victims and survivors.

Related: “Increasing Evidence Tesla Drivers Burn to Death While Unable to Open Any Door“