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.

[–] Lemmyoutofhere@lemmy.ca 1 points 1 day ago

Largest car vandalism so far….

[–] Perhapsjustsniffit@lemmy.ca 0 points 23 hours ago (1 children)

The only real answer is to let these cars sit and rot on the lot. Damaging them just results in insurance payouts.

[–] CuddlyCassowary@lemmy.world 0 points 23 hours ago (1 children)

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

[–] Perhapsjustsniffit@lemmy.ca 0 points 22 hours ago (2 children)

And causes premiums to rise for regular people.

[–] Hozerkiller@lemmy.ca 1 points 7 hours ago

That would be business insurance not car insurance

[–] CuddlyCassowary@lemmy.world 1 points 22 hours ago

Not if they drop the brand.