General Elon Musk Fukkery Thread
- Thread starter Armchair Militant
- Start date
In other Twitter/Tesla news. Last year E.M sold a ton of Tesla stock to put a down-payment on buying Twitter. Now he's trying to do a scam with SpaceX stock.
July 5, 202312:19 PM EDT Updated an hour ago
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An electric car is charged at a roadside EV charge point, London, October 19, 2021. REUTERS/Toby Melville/File Photo
LONDON, July 5 (Reuters) - A lack of data on electric vehicle (EV) batteries continues to challenge insurers who are forced to scrap EVs after mild accidents, potentially undermining EV adoption, Thatcham Research said on Wednesday.
The British automotive risk intelligence company cited a "concerning lack of affordable or available repair solutions and post-accident diagnostics" in a report entitled "Impact of BEV Adoption on the Repair and Insurance Sectors" the UK Government's innovation agency Innovate UK funded to examine differences between EVs and fossil-fuel models.
Insurers have complained that many EVs have no way to repair or assess even slightly damaged battery packs after accidents, forcing them to write off cars with low mileage - leading to higher premiums and undercutting gains from going electric.
Batteries can make up half of an EV's cost and Thatcham found a replacement battery can cost more than the used price of the vehicle after only one year, making replacing them uneconomical.
Adrian Watson, Thatcham's head of engineering research, said in an ideal world insurers could make informed decisions about whether to repair EVs or write it off based on access to data on its state of health after an accident.
"The reality is that's not the situation we're in at the moment," he told Reuters. "The diagnostics we have do not enable you to really know what the status of the battery is."
In a statement Mike Hawes, CEO of British industry group the Society of Motor Manufacturers and Traders (SMMT) said the car industry is "keen to engage with insurers to understand their challenges and ensure vehicles involved in an accident are properly assessed – rather than being written off by default - and the majority repaired and returned safely to the road."
Only around 1.65% of cars on Britain's roads are electric, but Thatcham said EV-related insurance claims are already 25.5% more expensive than for fossil-fuel equivalents and take 14% longer to repair.
Due to their potential fire risk, damaged EVs awaiting repair must be stored outside at least 15 metres (49 ft) from other objects.
An outside facility for 100 fossil-fuel cars today would have space to safely quarantine just two EVs, Thatcham said.
Reporting by Nick Carey; Editing by Josie Kao and Louise Heavens
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www.reuters.com
EV batteries remain major challenge for insurers - UK's Thatcham
By Nick CareyJuly 5, 202312:19 PM EDT Updated an hour ago
An electric car is charged at a roadside EV charge point, London, October 19, 2021. REUTERS/Toby Melville/File Photo
LONDON, July 5 (Reuters) - A lack of data on electric vehicle (EV) batteries continues to challenge insurers who are forced to scrap EVs after mild accidents, potentially undermining EV adoption, Thatcham Research said on Wednesday.
The British automotive risk intelligence company cited a "concerning lack of affordable or available repair solutions and post-accident diagnostics" in a report entitled "Impact of BEV Adoption on the Repair and Insurance Sectors" the UK Government's innovation agency Innovate UK funded to examine differences between EVs and fossil-fuel models.
Insurers have complained that many EVs have no way to repair or assess even slightly damaged battery packs after accidents, forcing them to write off cars with low mileage - leading to higher premiums and undercutting gains from going electric.
Batteries can make up half of an EV's cost and Thatcham found a replacement battery can cost more than the used price of the vehicle after only one year, making replacing them uneconomical.
Adrian Watson, Thatcham's head of engineering research, said in an ideal world insurers could make informed decisions about whether to repair EVs or write it off based on access to data on its state of health after an accident.
"The reality is that's not the situation we're in at the moment," he told Reuters. "The diagnostics we have do not enable you to really know what the status of the battery is."
In a statement Mike Hawes, CEO of British industry group the Society of Motor Manufacturers and Traders (SMMT) said the car industry is "keen to engage with insurers to understand their challenges and ensure vehicles involved in an accident are properly assessed – rather than being written off by default - and the majority repaired and returned safely to the road."
Only around 1.65% of cars on Britain's roads are electric, but Thatcham said EV-related insurance claims are already 25.5% more expensive than for fossil-fuel equivalents and take 14% longer to repair.
Due to their potential fire risk, damaged EVs awaiting repair must be stored outside at least 15 metres (49 ft) from other objects.
An outside facility for 100 fossil-fuel cars today would have space to safely quarantine just two EVs, Thatcham said.
Reporting by Nick Carey; Editing by Josie Kao and Louise Heavens
EV batteries remain major challenge for insurers - UK's Thatcham
A lack of data on electric vehicle (EV) batteries continues to challenge insurers who are forced to scrap EVs after mild accidents, potentially undermining EV adoption, Thatcham Research said on Wednesday.
www.reuters.com
CEO of Morgan Industries
Superstar
Broke boy Elon is at it again.
arstechnica.com
Twitter refuses to pay for arbitration it forced on 891 ex-employees, suit says
Meanwhile, at least one Twitter ex-employee has won a rare settlement.
arstechnica.com
Darnell Clayton :verified: (@darnell@one.darnell.one)
I wish #Tumblr would focus more on integrating the site with #ActivityPub (even if it was a premium feature) than trolling #Twitter. #WordPress via plugin is now apart of the #Fediverse, but Tumblr is considered an after thought right now. 👉🏾 Tumblr Mocks Twitter’s Content Restrictions with...
Rod Hilton (@rodhilton@mastodon.social)
Oh wow so apparently Tweet threads are now limited to 25 messages per thread. I assume this is to drive more signups to Twitter Blue, where the character limit has been increased per-tweet. The way this guy is shaking down every possible revenue angle like he's broke and the rent is due at the...
mastodon.social
Twitter Death Cult (@cspam@mastodon.cloud)
Attached: 1 image Is that a fact? https://www.reuters.com/world/europe/twitter-not-suited-emergency-communications-dutch-say-after-storm-2023-07-05/ "Twitter is not the right place to seek information during an emergency, Dutch politicians and a prominent online group said on Wednesday...
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Twitter not suited for emergency communications, Dutch say after storm
Twitter is not the right place to seek information during an emergency, Dutch politicians and a prominent online group said on Wednesday, following an incident in which citizens were directed to the platform for updates during a large storm.
www.reuters.com
Twitter Death Cult (@cspam@mastodon.cloud)
Attached: 1 image Yaccarinooooooooooo, we lost the Turd!
this mental case is might be the first fanboy to turn against completely
Twitter Death Cult (@cspam@mastodon.cloud)
Attached: 1 image Tweetdeck just got got all my columns gone
GnauzBookOfRhymes
Superstar
The bankers on this deal probably get clowned nonstop by their coworkers.
yeah when big banking loan deals turn sour it's usually years later after the person who made the deal has gotten promoted elsewhere in the company or moved on to greater things but it hasn't even been a year since twitter went private.
Can't run from this legal fadeBroke boy Elon is at it again.
Twitter refuses to pay for arbitration it forced on 891 ex-employees, suit says
Meanwhile, at least one Twitter ex-employee has won a rare settlement.
