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Joined 2 years ago
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Cake day: August 24th, 2023

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  • Dlr is canada and takes 3 days.

    And even a +1 day is a long time. And then there’s weekends and holidays. So you could do something on Thursday, Fridays a holiday, so then it’s Monday is the +1 and you are settled and complete on Tuesday morning.

    A lot can happen between a Thursday morning trade and Tuesday morning, and a lot can happen in a regular +1 day. The markets don’t really care about non business days and shit happening.

    Same day within minutes settlement would be huge.


  • It would reduce the settlement time from multiple days to likely minutes.

    When you trade a stock today, it’s not actually complete for 2 or 3 business days as it has to go through the settlement process. Generally, it doesn’t cause problems for retail traders as exchanges act like its completed, but even for us it can introduce real issues sometimes and delay you from making a trade.

    For example, in Canada, the cheapest way we can convert CAD<–>USD is through a process called Norbits Gambit.

    You buy DLR.TO (CAD) or DLR.U.TO (USD) and then your have them journal your shares from one to the other for free, or a small fee like $10. You don’t pay an exchange rate fee, however, because the trade hasn’t actually settled when you buy the shares for 3 days, they can’t journal them. So for 3 business days you’re exposed to any fluctuation in the exchange rate. Generally that’s cheaper than what a bank will charge you and it’s the risk you take. It’s also a 1 way risk, I can’t recall if it’s USD -> CAD or CAD -> USD, but one of them is locked in, and the other is exposed. (Edit: It’s DLR.U.TO that exposes you. Holding either is like holding USD, so when you buy DLR.TO you already bought the USD value in CAD)

    At WealthSimple, when you sell some shares, you can’t actually transfer the money to your bank account on the same day. The balance isn’t available to transfer.

    I’m sure it can cause more problems for professional traders and institutional stuff, and even other ways it impacts us that I don’t know about.








  • So, turns out Tesla really is going to try and get the verdict tossed by the judge due to trial and/or jury mistake rather than (or in addition) to an appeal.

    https://storage.courtlistener.com/recap/gov.uscourts.flsd.593426/gov.uscourts.flsd.593426.568.0.pdf

    Tesla Is Entitled to Judgment as a Matter of Law (or at Least a New Trial) on Liability. For Tesla to be liable in any amount for this tragic accident, Plaintiffs were required to prove both that Tesla’s 2019 Model S was defective in some way and that the defective design or warnings caused McGee to blow through a stop sign and crash his car into an SUV that was parked well off the road when he was pushing the accelerator while fishing around for his phone. Lesnik v. Duval Ford, LLC, 185 So. 3d 577, 581 (Fla. Dist. Ct. App. 2016). Plaintiffs’ liability case hinges on two experts whose testimony did not meet the standards established by Federal Rule of Evidence 702. Especially without their testimony, the record cannot sustain the verdict. But even with their testimony, Plaintiffs failed as a matter of law to establish that the 2019 Model S—which provided a carefully engineered system and offered extensive warnings on its breakthrough Autopilot system—was defective or caused the injuries that Plaintiffs suffered after McGee crashed into Benavides and Angulo. The Court should grant judgment as a matter of law in Tesla’s favor on liability or, at a minimum, a new trial.

    Edit: Also I was asking googles AI about differences between the term JMOL and what I saw and posted about earlier JNOV, and they’re apparently the same thing. One used to be for before the verdict, and one after, but now it’s just the same term. They’re basically saying the Jury got it wrong with or without the evidence.







  • Oh shit, I didn’t realize this was Denmark, i was thinking of the German one. In the German one, Tesla was only 1-2% above the next worst one which wasn’t an EV. And the reason Tesla would have more issues with rust is the reasons I listed above.

    Where do you see the actual numbers/ranking the article you posted doesn’t show that, but the first thing it calls out is brakes (among all the others)

    Edit this is the quote from the article

    It is especially the fault groups “brake equipment”, “lamping equipment”, “axles, wheels and tires” and “controlldom” that the cars fail


  • Regulation regarding rust on the brake discs is very clear, and trivial to fix. So why wasn’t it fixed?

    It’s not something to “fix” like that.

    It’s there one day and its not the next. If it’s there, you fail.

    It just depends on if you’re using them or not and the weather at the time. If you take the time to go to a shop for a pre-inspection (not everyone will), and they see rust, they’ll just tell you to go use your brakes. That’s the fix.

    Tesla wasn’t going to be last if not for this rust issue.

    Edit: Just to be more clear - If you drive your car in the rain, park it for a few days or even overnight and check it, you’ll have rust. You don’t fix that in any way other than using them. OEMs don’t just fix that.


  • Tesla’s high failure rate is primarily due to rust on the brakes from people using regen. Rust will form on all brakes if left unused, it’s just a matter of using them. There was also an issue with the front suspension that required a service bulletin at the time that was legit, but wasn’t a saftey thing.

    There’s a few things that could lead to Tesla having higher rust rates over other EVs

    • Tesla might have stronger regen so people use the brakes less.
    • Tesla has a strong 1 pedal driving option which further reduces braking if enabled [0 brake pedal usage needed to come to complete stop, it will blend in brakes for the last few km/h]
    • For cars that use blended braking anywhere, they may initiate it sooner than later.

    Either way on an EV, you need to use your brakes on occasion or rust will form. Using the brakes clears the rust.

    Edit: Essentially, this is a case of the facts are true, but the facts don’t always tell the whole truth. If you walk away from reading about this report thinking Tesla is the least reliable car, you’ve been mislead, unintentionally or not.