80 Teslas damaged at Hamilton dealership, largest car vandalism reported in Canada against the U.S. company

[–] Lemmyoutofhere@lemmy.ca 14 points 1 month ago

Largest car vandalism so far….

[–] Coskii@lemmy.blahaj.zone 10 points 1 month ago

Largest car vandalism reported in Canada against the U.S. company so far. I wonder who will get the high score.

[–] Olgratin_Magmatoe@slrpnk.net 5 points 1 month ago

Nice

[–] hildegarde@lemmy.blahaj.zone 3 points 1 month ago

To everyone saying vandalism is bad because of insurance payouts is missing the point. Elon's wealth comes from him owning shares. You drop the share price you eliminate his wealth. The share price is what matters, not the company's income.

Tesla's price per earnings ratio is over 100. If you bought a share of tesla today it would require over 100 years for the portion that share represents to pay for itself.

Comparing it to other car companies, toyota's ppe is 7.52, ford is 6.86, gm is 7.76. Tesla is ridiculously overvalued. Over 10 times more than the biggest car companies. Its valuation is due to hype not its income or financial status.

When vandalization of teslas, or tesla sales locations happens, it does far more damage to the public perception and therefore the share price than the meager insurance payout.

I should make it clear I'm speaking hypothetically. I do not condone vandalism. Be safe.

[–] psvrh@lemmy.ca 1 points 1 month ago

Are Tesla dealerships in Canada factor-owned storefronts? Or are they franchises?

Because if they're the former, vandalism at dealers hurts Tesla directly.

[+] Perhapsjustsniffit@lemmy.ca -2 points 1 month ago* (last edited 2 weeks ago) (2 children)

[deleted]

[–] CuddlyCassowary@lemmy.world 14 points 1 month ago (1 children)

But then insurance companies stop covering them altogether, which leads to people further abandoning the brand.

[–] jatone@lemmy.dbzer0.com 7 points 1 month ago* (last edited 1 month ago)

causes insurance premiums to go up, this is a good approach.

50501 Canada