The forward-leaning morning newsletter for those
who love all things green
January 9, 2023
Topics: Tesla, EVs, tech, users privacy, Cambridge Analytica lawsuit, Meta, Apple, Mexico
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🤔Is Tesla getting schooled? Unfortunately, 2022 wasn't Tesla's best year in business, and perhaps not for its CEO either. Elon Musk had to sell massive quantities of shares of Tesla to buy Twitter for $44 billion, and lost his position as the world's richest man. This sell off of shares devalued the stock; and Tesla lost its spot as the world's best-selling brand of EVs. As a result, Tesla shares fell to their lowest in 2022, and the EV maker failed to meet its EV delivery target, even after cutting prices to attract buyers for its Tesla Model 3 and Model Y EVs around 9% in China, its biggest market.
At the beginning of December, Tesla was offering U.S. buyers a $3,750 credit, hoping to get people to buy its EVs before the end of 2022. By the last week of December, the EV maker increased the discount to $7,500 and tacked on an offer of 10,000 free supercharging miles. Hopefully 2023 will be a better year. The U.S. Treasury Department will release EV tax credit rules around the sourcing of critical materials in March 2023, so Tesla expects the new $7,500 discount to attract more buyers soon and should give some thanks to the 2022 U.S. government.
🇹3Tesla, Twitter and the truth Tesla finally released its much anticipated Full Self-Driving (FSD) Beta Version II last month. But contrary to the EV maker’s expectations, most of its customers haven’t been happy. In fact, one Tesla customer, Ian Jordan, recently won a lawsuit against the EV maker.
Tesla told its customers that EVs produced starting in 2016 will be FSD-compatible. The EV maker also promised that cars needing hardware upgrading would get it free. But towards the end of 2021, Tesla started charging customers instead. Ian Jordan, who owns a Tesla Model 3, sued Tesla in a small claims court in Washington State. Tesla paid the plaintiff a fee amounting to over $2,000 in compensation for the claims. Electrek covered this story and now their Twitter account is blocked. Wow!
🤥Meta to pay $725 million to 280 million Facebook users Facebook's involvement in a privacy scandal with Cambridge Analytica will go down in history as one of the tech giant's worst dark pattern practices because it might have influenced the 2016 presidential election in the United States. The data leak that affected over 86 million Facebook users across the U.S. and Europe happened between 2015 and 2018.
The scandal resulted in a private class action lawsuit, which ended in late December with Facebook/Meta agreeing to pay nearly a billion in the settlement. Up to 280 million Facebook users are estimated to receive payments from the $725 million fine. The motion to settle requires approval from a judge, which is scheduled for March 2023.
🍎Apple will pay MacBook Owners If you bought a faulty MacBook between 2015 and 2019 and had to return it for repairs, Apple will now make it right. Most of the laptops Apple released during those years had issues ranging from keyboard malfunctions to speaker problems. Only owners of MacBooks from California, New York, Florida, Illinois, New Jersey, Washington, or Michigan are eligible for the refund in the class-action lawsuit from 2019.
A judge recently approved a $50 million settlement for the suit, which those states expect to share with every user affected. However, most users will have to submit a claim to be eligible for a refund. For more information, go to www.keyboardsettlement.com, or call 1-855-579-1311. The deadline to submit a claim is March 6, 2023.
🇲🇽Tesla’s green lane from Mexico to U.S. While discussing details about Tesla’s next plant in North America earlier this year, CEO Elon Musk said they were considering sites in Canada, Mexico, and the United States to scale up EV and battery cell production. The plan became clearer when Tesla announced that it struck a deal with the Mexican state, Nuevo León to have its own lane at the U.S.-Mexico border. Although reports then said that the agreement was to help the EV maker facilitate its supplies between the U.S. and Mexico, it was obvious that more was intended.
The Mexican news channel, Milenio, has confirmed that Tesla had purchased a site in Santa Catarina, a city in Nuevo León, and has reached an agreement with Samuel Garcia, the state governor for a new factory there. They expect to have the factory running by early next year, and are still finalizing the investment details.
Stay Curious... Who are we?
Fun question of the day: Did you walk outdoors at least 1 day a week?
Who are we?
Last fun question of the day: Did you leave town this winter holiday 2022?
80% of respondents said YES
Thanks again for being you. Until the next issue, be sure to add more green to your life!
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