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Scammers use Elon Musk to advertise on Facebook and Instagram Scammers use Elon Musk to advertise on Facebook and Instagram

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Scammers use Elon Musk’s face to advertise on Facebook and Instagram

Credit: JC

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Scammers are using doctored videos and images of Elon Musk to advertise on Facebook and Instagram. Meta, Facebook, nor Instagram are doing anything to stop these out-of-control scammers.

Hopefully, that will change. Probably not.

Busted!

Andrea Stroppa, former contributor to the World Economic Forum, and cyber security researcher focusing on digital communication, social media, and research, shared what he found. He also shared his thoughts with me.

In a Twitter thread, Andrea pointed out that both Facebook and Instagram have a major problem. Both social media networks allow hundreds of sponsored posts that link to scams.

These scammers are using the name and face of Elon Musk with fake interviews or fake endorsements.

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“In the past three days, this page created 20 different ads on Facebook and Instagram with a video of Elon Musk that suggested investing in a crypto platform. It’s a scam,” Andrea tweeted.

Andrea found that these scammers also use verified Facebook pages to advertise on the Meta apps. These verified pages are most likely hacked.

Elon Musk, SpaceX, and Tesla are used in these scams.

The scammers don’t limit themselves to verified pages, but they also have recently created pages with fewer than ten thousand followers that are given the green light by Facebook to advertise.

Elon Musk isn’t the only one these scammers are using to advertise their scams. They also use the logos of both Tesla and SpaceX.

And they use the power of the Meta Business Suite to target specific users for countries, ages, sex, and other variables.

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Analyzing Fraudulent Ads on Facebook And Instagram

Andrea said that his team analyzed the fraudulent ads on these platforms that were related to counterfeit products for a particular target audience.

What he found instead were these scams which, he added, are very likely the top of the iceberg. These scams have a common pattern.

In my opinion, Facebook doesn’t seem to care about stopping it. As long as they get their money, they seem to be just fine with the scams. If not, then they would put an end to the scams. Right?

Perhaps someone at Meta will read that and prove me wrong.

Austrian Office of Taipei hacked

Credit: Andrea Stroppa

Andrea’s team even found a government page involved with the scams. He shared a screenshot of the Austrian Office Taipei’s post claiming “Tesla’s latest project shocks the world and the bank is in shock.”

Fortunately, the Austrian Office of Taipei was able to recover their account and posted a statement about being hacked.

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However, all of their content posted between August 2021 and May 2022 was deleted.

“We apologize for any inconvenience caused by the scammers. We have done all we can to make sure that nobody is able anymore to abuse our page.”

“As of today, we will return in the usual manner to inform you about our activities in Taiwan, inform you about Austria in all its aspects, such as culture, as a travel destination, its economy and businesses, science and innovation, sustainability and many other areas.”

“Thank you so much for your support. The Team of the Austrian Office Taipei.”

Elon Musk & Meta’s users are victims of negligence

Andrea called on Andrew Bosworth (Boz) the Chief Technology Officer at Meta and

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Adam Mosseri, the Head of Instagram to be serious about the moderation of ads on these networks.

“Elon Musk and your users are both victims of scammers and your negligence. Fix it now.”

In a statement to Teslarati, Andrea Stroppa said,

“No doubt that Elon Musk is not just one of the best entrepreneurs of his generation but even a formidable capital allocator. That’s why many people want to listen to his bits of advice.”

“But all these ads appearing on Facebook and Instagram with potential investments are scams.”

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“Looking at these malicious ads, there are many common patterns, keywords, and media content. Facebook has the technical skills to reduce the magnitude of these damaging activities. But they don’t.”

 

 

Elon Musk

Tesla begins expanding Robotaxi access: here’s how you can ride

You can ride in a Tesla Robotaxi by heading to its website and filling out the interest form. The company is hand-picking some of those who have done this to gain access to the fleet.

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Credit: @HanChulYong/X

Tesla has begun expanding Robotaxi access beyond the initial small group it offered rides to in late June, as it launched the driverless platform in Austin, Texas.

The small group of people enjoying the Robotaxi ride-hailing service is now growing, as several Austin-area residents are receiving invitations to test out the platform for themselves.

The first rides took place on June 22, and despite a very small number of very manageable and expected hiccups, Tesla Robotaxi was widely successful with its launch.

Tesla Robotaxi riders tout ‘smooth’ experience in first reviews of driverless service launch

However, Tesla is expanding the availability of the ride-hailing service to those living in Austin and its surrounding areas, hoping to gather more data and provide access to those who will utilize it on a daily basis.

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Many of the people Tesla initially invited, including us, are not local to the Austin area.

There are a handful of people who are, but Tesla was evidently looking for more stable data collection, as many of those early invitees headed back to where they live.

The first handful of invitations in the second round of the Robotaxi platform’s Early Access Program are heading out to Austin locals:

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Tesla likely saw an influx of data during the first week, as many traveled far and wide to say they were among the first to test the Robotaxi platform.

Now that the first week and a half of testing is over, Tesla is expanding invites to others. Many of those who have been chosen to gain access to the Robotaxi app and the ride-hailing service state that they simply filled out the interest form on the Robotaxi page of Tesla’s website.

That’s the easiest way you will also gain access, so be sure to fill out that form if you have any interest in riding in Robotaxi.

Tesla will continue to utilize data accumulated from these rides to enable more progress, and eventually, it will lead to even more people being able to hail rides from the driverless platform.

With more success, Tesla will start to phase out some of the Safety Monitors and Supervisors it is using to ensure things run smoothly. CEO Elon Musk said Tesla could start increasing the number of Robotaxis to monitors within the next couple of months.

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Tesla analyst issues stern warning to investors: forget Trump-Musk feud

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Credit: Tesla

A Tesla analyst today said that investors should not lose sight of what is truly important in the grand scheme of being a shareholder, and that any near-term drama between CEO Elon Musk and U.S. President Donald Trump should not outshine the progress made by the company.

Gene Munster of Deepwater Management said that Tesla’s progress in autonomy is a much larger influence and a significantly bigger part of the company’s story than any disagreement between political policies.

Munster appeared on CNBC‘s “Closing Bell” yesterday to reiterate this point:

“One thing that is critical for Tesla investors to remember is that what’s going on with the business, with autonomy, the progress that they’re making, albeit early, is much bigger than any feud that is going to happen week-to-week between the President and Elon. So, I understand the reaction, but ultimately, I think that cooler heads will prevail. If they don’t, autonomy is still coming, one way or the other.”

This is a point that other analysts like Dan Ives of Wedbush and Cathie Wood of ARK Invest also made yesterday.

On two occasions over the past month, Musk and President Trump have gotten involved in a very public disagreement over the “Big Beautiful Bill,” which officially passed through the Senate yesterday and is making its way to the House of Representatives.

Tesla analysts believe Musk and Trump feud will pass

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Musk is upset with the spending in the bill, while President Trump continues to reiterate that the Tesla CEO is only frustrated with the removal of an “EV mandate,” which does not exist federally, nor is it something Musk has expressed any frustration with.

In fact, Musk has pushed back against keeping federal subsidies for EVs, as long as gas and oil subsidies are also removed.

Nevertheless, Ives and Wood both said yesterday that they believe the political hardship between Musk and President Trump will pass because both realize the world is a better place with them on the same team.

Munster’s perspective is that, even though Musk’s feud with President Trump could apply near-term pressure to the stock, the company’s progress in autonomy is an indication that, in the long term, Tesla is set up to succeed.

Tesla launched its Robotaxi platform in Austin on June 22 and is expanding access to more members of the public. Austin residents are now reporting that they have been invited to join the program.

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Tesla surges following better-than-expected delivery report

Tesla saw some positive momentum during trading hours as it reported its deliveries for Q2.

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(Credit: Tesla)

Tesla (NASDAQ: TSLA) surged over four percent on Wednesday morning after the company reported better-than-expected deliveries. It was nearly right on consensus estimations, as Wall Street predicted the company would deliver 385,000 cars in Q2.

Tesla reported that it delivered 384,122 vehicles in Q2. Many, including those inside the Tesla community, were anticipating deliveries in the 340,000 to 360,000 range, while Wall Street seemed to get it just right.

Tesla delivers 384,000 vehicles in Q2 2025, deploys 9.6 GWh in energy storage

Despite Tesla meeting consensus estimations, there were real concerns about what the company would report for Q2.

There were reportedly brief pauses in production at Gigafactory Texas during the quarter and the ramp of the new Model Y configuration across the globe were expected to provide headwinds for the EV maker during the quarter.

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At noon on the East Coast, Tesla shares were up about 4.5 percent.

It is expected that Tesla will likely equal the number of deliveries it completed in both of the past two years.

It has hovered at the 1.8 million mark since 2023, and it seems it is right on pace to match that once again. Early last year, Tesla said that annual growth would be “notably lower” than expected due to its development of a new vehicle platform, which will enable more affordable models to be offered to the public.

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These cars are expected to be unveiled at some point this year, as Tesla said they were “on track” to be produced in the first half of the year. Tesla has yet to unveil these vehicle designs to the public.

Dan Ives of Wedbush said in a note to investors this morning that the company’s rebound in China in June reflects good things to come, especially given the Model Y and its ramp across the world.

He also said that Musk’s commitment to the company and return from politics played a major role in the company’s performance in Q2:

“If Musk continues to lead and remain in the driver’s seat, we believe Tesla is on a path to an accelerated growth path over the coming years with deliveries expected to ramp in the back-half of 2025 following the Model Y refresh cycle.”

Ives maintained his $500 price target and the ‘Outperform’ rating he held on the stock:

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“Tesla’s future is in many ways the brightest it’s ever been in our view given autonomous, FSD, robotics, and many other technology innovations now on the horizon with 90% of the valuation being driven by autonomous and robotics over the coming years but Musk needs to focus on driving Tesla and not putting his political views first. We maintain our OUTPERFORM and $500 PT.”

Moving forward, investors will look to see some gradual growth over the next few quarters. At worst, Tesla should look to match 2023 and 2024 full-year delivery figures, which could be beaten if the automaker can offer those affordable models by the end of the year.

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