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this post was submitted on 10 Jul 2025
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I hope this is the beginning of a beautiful class action lawsuit, that utterly bankrupts the company and Elon Musk himself.
Naw, everyone that paid for the feature will get a $10 settlement, nobody will get the entire amount, other than the lawyers.
But will the lawyers get enough to bankrupt musk?
Has the world's richest person gone bankrupt before?
No, but my hopes and dreams have been crushed repeatedly under the cruel heel of capitalism so it would be nice if he did.
Maybe not the richest, but there certainly have been cases of ultra wealthy companies going bust very quickly.
The fact that the plaintiff was an attorney and this case was a binding arbitration, my guess is that Tesla requires you to submit to arbitration and wave the right to sue when you buy the car.
They do, I think you have like 30 days to send written opt-out or you're automatically agreeing.
He's so ~~divested~~ diversified across other projects with significant income that going bankrupt just won't happen. If his value dropped to millions instead of billions, that would be something. He wouldn't be able to throw money around as much to cause as much damage as he has.
"Diversified."
"Divested" means kinda the opposite of what you were trying to say.
Oops, truth. Corrected.
Most of his wealth is speculative and relies on brand power, so it that crumbles so does his wealth. He would still be filthy rich due to all the liquid assets he owns.