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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.”

 

 

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NHTSA probes 2.9 million Tesla vehicles over reports of FSD traffic violations

The agency said FSD may have “induced vehicle behavior that violated traffic safety laws.”

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Credit: Whole Mars Catalog/YouTube

The U.S. National Highway Traffic Safety Administration (NHTSA) has opened an investigation into nearly 2.9 million Tesla vehicles over potential traffic-safety violations linked to the use of the company’s Full Self-Driving (FSD) system.

The agency said FSD may have “induced vehicle behavior that violated traffic safety laws,” citing reports of Teslas running red lights or traveling in the wrong direction during lane changes.

As per the NHTSA, it has six reports in which a Tesla with FSD engaged “approached an intersection with a red traffic signal, continued to travel into the intersection against the red light and was subsequently involved in a crash with other motor vehicles in the intersection.” Four of these crashes reportedly resulted in one or more major injuries. 

The agency also listed 18 complaints and one media report which alleged that a Tesla operating with FSD engaged “failed to remain stopped for the duration of a red traffic signal, failed to stop fully, or failed to accurately detect and display the correct traffic signal state in the vehicle interface.”

Some complainants also alleged that FSD “did not provide warnings of the system’s intended behavior as the vehicle was approaching a red traffic signal,” as noted in a Reuters report.

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Tesla has not commented on the investigation, which remains in the preliminary phase. However, any potential recall could prove complicated since the reported incidents likely involved the use of older FSD (Supervised) versions that have already been updated. 

Tesla’s recent FSD (Supervised) V14.1 update, which is currently rolling out to drivers, is expected to feature significantly improved lane management, intersection handling, and overall driving accuracy, reducing the chances of similar violations. It should also be noted that Tesla maintains that FSD is a supervised system for now, and thus, is not autonomous yet.

While autonomous systems face scrutiny, NHTSA’s own data highlights a much larger danger on the road from human error. The agency recorded 3,275 deaths in 2023 caused by distracted driving due to activities like texting, talking, or adjusting navigation while operating a vehicle manually. It is also widely believed that a good number of traffic violations are unreported due to their frequency and ubiquity.

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Tesla quietly files for Model Y+ in China, and its range numbers could be wild

The upcoming variant was listed in the Ministry of Industry and Information Technology’s (MIIT) public catalog.

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Credit: Tesla

Tesla has filed for regulatory approval of a new Model Y+ in China, hinting at a long-range update to its best-selling crossover SUV. 

The upcoming variant was listed in the Ministry of Industry and Information Technology’s (MIIT) public catalog.

Mirroring Model 3+ Range

Based on the MIIT’s catalog, the Model Y+ will feature a 225 kW/302 horsepower single-motor setup. It will also feature ternary LG Energy Solution batteries, similar to the long-range Model 3+, which was launched earlier this year. The vehicle is expected to offer around 800 kilometers of CLTC range, potentially making it the longest range Model Y in Tesla China’s lineup.

The new Model Y+, identified under model number TSL6480BEVBR0, retains the same five-seat configuration and dimensions as the current Model Y. Though Tesla has not yet confirmed official range figures, industry observers expect it to be quite similar to the Model 3+’s 830-kilometer CLTC performance, as noted in a CNEV Post report.

Intensifying Competition

Tesla’s filing comes amid intensifying domestic competition in China. The U.S. EV maker sold 57,152 vehicles in August, down nearly 10% year-on-year, though up almost 41% from July’s 40,617 units, as noted by data from the China Passenger Car Association (CPCA). Still, the Model Y+ could help Tesla regain traction against strong local players by offering class-leading range and improved efficiency, two factors that have become a trademark of the electric vehicle maker in China. 

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Tesla’s experience with the Model 3+, which received a RMB 10,000 price cut within a month of launch, suggests that raw range numbers alone may not guarantee stronger sales. With this in mind, the rollout of features such as FSD could prove beneficial in boosting the company’s sales in the country. 

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Elon Musk

‘I don’t understand TSLAQ:’ notable investor backs Tesla, Elon Musk

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tesla showroom
(Credit: Tesla)

One notable investor that many people will recognize said today on X that he does not understand Tesla shorts, otherwise known as $TSLAQ, and he’s giving some interesting reasons.

Martin Shkreli was long known as “Pharmabro.” For years, he was known as the guy who bought the rights to a drug called Daraprim, hiked the prices, and spent a few years in Federal prison for securities fraud and conspiracy.

Shkreli is now an investor who co-founded several hedge funds, including Elea Capital, MSMB Capital Management, and MSMB Healthcare. He is also known for his frank, blunt, and straightforward responses on X.

His LinkedIn currently shows he is the Co-Founder of DL Software Inc.

One of his most recent posts on X criticized those who choose to short Tesla stock, stating he does not understand their perspective. He gave a list of reasons, which I’ll link here, as they’re not necessarily PG. I’ll list a few:

  • Fundamentals always have and will always matter
  • TSLAQ was beaten by Tesla because it’s “a great company with great management,” and they made a mistake “by betting against Elon.”
  • When Shkreli shorts stocks, he is “shorting FRAUDS and pipe dreams”

After Shkreli continued to question the idea behind shorting Tesla, he continued as he pondered the mentality behind those who choose to bet against the stock:

“I don’t understand ‘TSLAQ.’ Guy is the richest man in the world. He won. It’s over. He’s more successful with his 2nd, 3rd, and 4th largest companies than you will ever be, x100.

You can admit you are wrong, it’s just a feeling which will dissipate with time, trust me.”

According to reports from both Fortune and Business Insider, Tesla short sellers have lost a cumulative $64.5 billion since Tesla’s IPO in 2010.

Elon Musk issues dire warning to Tesla (TSLA) shorts

Shorts did accumulate a temporary profit of $16.2 billion earlier this year.

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