JPMorgan Chase, one of the most powerful financial institutions on planet Earth, says that it paid $175 million to acquire a fintech startup — only to discover, The Wall Street Journal reports, that the startup had allegedly fabricated the majority of its users, bolstering its value with millions of fake accounts. Nothing’s real anymore. Cheers!… Continue reading JPMorgan Says Startup Tricked It Into an Acquisition by Cooking Up Millions of Fake Users
Tag: Tesla
Elon Musk’s Lawyers Says San Francisco Hates Him Too Much for a Fair Trial
Oof. Unpopular Demand Tesla CEO Elon Musk has become astonishingly unpopular on the West Coast following his disastrous takeover of Twitter, an acquisition rife with mismanagement, unpaid bills, and mass layoffs. It’s a fact that Musk’s legal representation is painfully aware of. In fact, in new filings, his lawyers are actually trying to leverage that… Continue reading Elon Musk’s Lawyers Says San Francisco Hates Him Too Much for a Fair Trial
Twitter may have deliberately cut off third-party clients like Tweetbot
“Third-party app suspensions are intentional,” one engineer reportedly said on the company’s Slack. Twitter appears to have deliberately cut off third-party clients from accessing its API. Since Thursday evening, many of the most popular apps you can use to scroll Twitter without going through the company’s own software, including Tweetbot and Twitterrific, have not worked,… Continue reading Twitter may have deliberately cut off third-party clients like Tweetbot
Clean Technica: Royal Automobile Club of Queensland Ramps Up Involvement with EVs002523
It’s not the highest definition photo in the world, but below is a picture of boats on the horizon delivering thousands of Teslas to Australia. Penetration rates have hit about 4%, and even more in the 4th quarter of 2022. Now the Royal Automobile Club of Queensland (RACQ) has launched a website dedicated to informing… Continue reading Clean Technica: Royal Automobile Club of Queensland Ramps Up Involvement with EVs002523
Tesla Slashes Car Prices Up to 20 Percent
Get those tax credits. Big Adjustments Teslas just got a whole lot cheaper. The Elon Musk led automaker has cut prices across the board on its new models of EVs — as much as 20 percent cheaper — in the US and Europe, following substantial price cuts in China and other Asian markets that rolled… Continue reading Tesla Slashes Car Prices Up to 20 Percent
Can you make a long highway drive in an EV? I did 1,100 miles and enjoyed it.
Americans love road trips. But can you use an electric vehicle for a long highway drive? Snowbirds heading south for winter? A thousand miles with the family to Disney? Or does recharging the battery add a prohibitive amount of time to your trip? Those are threshold questions for many people to consider EVs, so I… Continue reading Can you make a long highway drive in an EV? I did 1,100 miles and enjoyed it.
Tesla’s Direct Sales Model Helps It Thwart Customer Lawsuits
Ford maintains that arbitration is a better way to resolve disputes. Resolution of claims “should be fair, fast, efficient and proportional to the dispute,” Ian Thibodeau, a Ford spokesman, said in an email. “Arbitration often achieves those goals faster and more effectively than the court system.” In another recent case, though, a federal judge in… Continue reading Tesla’s Direct Sales Model Helps It Thwart Customer Lawsuits
GM Unit’s Self-Driving Taxis Are Subject of US Safety Investigation
The main federal auto safety agency disclosed on Friday that it has begun a preliminary investigation into cars that a division of General Motors has been testing as driverless taxis in San Francisco. The agency, the National Highway Traffic Safety Administration, said in a filing posted on its website that it had received reports that… Continue reading GM Unit’s Self-Driving Taxis Are Subject of US Safety Investigation
In a Future Filled With Electric Cars, AM Radio May Be Left Behind
For nearly 100 years, drivers have been listening to AM radio, an American institution crackling with news, traffic, weather, sports and an eclectic variety of other programs. But that dashboard staple could be going the way of manual-crank windows and car ashtrays as electric vehicles begin to grab more of the American marketplace. An increasing… Continue reading In a Future Filled With Electric Cars, AM Radio May Be Left Behind
Tesla and the EV industry get their first recession stress test. Will it be a bust?
Pedestrians walk past the Tesla Motors official authorized car dealer store in Hong Kong. Sopa Images | Lightrocket | Getty Images Is the first electric-vehicle recession here, or coming soon? As electric-car stocks plummeted in late 2022, the rout evoked comparisons to the dot-com stock bust two decades ago. Like the internet industry then, the… Continue reading Tesla and the EV industry get their first recession stress test. Will it be a bust?