News
Tesla Model 3 buyer pays the price after inadvertently buying a resold wrecked unit
A Tesla enthusiast who purchased a second-hand Model 3 from a Florida car dealership website has paid a steep price after his vehicle turned out to be a previously totaled unit. This was despite the Model 3 being sold on the second-hand market as a clean title vehicle, and the fact that its Carfax report did not raise any red flags.
Luke Jackson, the Tesla enthusiast, told Channel 2 Action News that the Model 3 had been his dream car, and that he had saved up for the vehicle so that he could buy it in cash. When he saw the car being offered online, it looked like he had found the perfect second-hand Model 3. “The title looked clean. There’s only 9000 miles on it. It was a 2018. So perfect scenario,” Jackson told the news agency.
It took months before Jackson was made aware of his car’s true history. As it turned out, the Model 3 had been declared a total loss last year after suffering extensive front-end damage. It was later sold on an auto auction website where it was listed with an estimated repair cost of $34,000. Yet despite this, the Model 3 still had its original title, and it was not branded as salvaged when Jackson purchased it.
Channel 2 Action News noted that Jackson’s second-hand Model 3 is related to an investigation that it published back in September. During that time, the news site featured the story of a second-hand 2015 Toyota 4-Runner that has changed hands at least seven times over the last five years in five separate states. The whole time, the SUV had missing side airbags, a critical safety issue that none of its buyers knew about.
Jackson’s Model 3 and the safety-compromised 4-Runner had something in common. Both vehicles got their clean titles in Texas, and everything about it was legal. This is because Texas law has a 100% “total loss threshold,” which meant that unless a vehicle’s repair cost is more than what the car is worth, the title would remain original. This particular law effectively conceals the history of cars to a point, especially those that were involved in serious accidents.
Chris Humphries, one of the 4-Runner’s previous owners, has taken it upon himself to do some more digging on why such unsafe vehicles are being sold. Eventually, he noticed a pattern, which he shared with the news agency. A good number of the damaged vehicles for sale in Texas were listed under the same seller name: Progressive Insurance. The name of the seller was eventually hidden on the auto auction website, but not before Humphries was able to take screenshots of the listings.
When contacted by Channel 2 Action News, Progressive Insurance noted that it was following the laws and regulations set forth by Texas law. “We follow the laws and regulations set forth by the applicable state and are extremely confident we were in compliance with the Texas state law,” the firm responded.
The damaged Toyota 4-Runner emerged once more in November, this time in Nashville. Humphries noted that the SUV’s new owner actually has children who are riding in the backseat despite the vehicle not having any side airbags. The Model 3 owner, for his part, ended up losing his warranties when Tesla found out about his car’s history. As of date, the second-hand Model 3’s Supercharger access had been disabled as well.
“If I were to resell it, the value would be cut in half probably. Because it’s not under car warranty. They’re going to know now that it was salvaged. So I kind of just lost $20,000,” the Tesla enthusiast said.
Channel 2‘s report on the story could be found here.
Elon Musk
Delaware Supreme Court reinstates Elon Musk’s 2018 Tesla CEO pay package
The unanimous decision criticized the prior total rescission as “improper and inequitable,” arguing that it left Musk uncompensated for six years of transformative leadership at Tesla.
The Delaware Supreme Court has overturned a lower court ruling, reinstating Elon Musk’s 2018 compensation package originally valued at $56 billion but now worth approximately $139 billion due to Tesla’s soaring stock price.
The unanimous decision criticized the prior total rescission as “improper and inequitable,” arguing that it left Musk uncompensated for six years of transformative leadership at Tesla. Musk quickly celebrated the outcome on X, stating that he felt “vindicated.” He also shared his gratitude to TSLA shareholders.
Delaware Supreme Court makes a decision
In a 49-page ruling Friday, the Delaware Supreme Court reversed Chancellor Kathaleen McCormick’s 2024 decision that voided the 2018 package over alleged board conflicts and inadequate shareholder disclosures. The high court acknowledged varying views on liability but agreed rescission was excessive, stating it “leaves Musk uncompensated for his time and efforts over a period of six years.”
The 2018 plan granted Musk options on about 304 million shares upon hitting aggressive milestones, all of which were achieved ahead of time. Shareholders overwhelmingly approved it initially in 2018 and ratified it once again in 2024 after the Delaware lower court struck it down. The case against Musk’s 2018 pay package was filed by plaintiff Richard Tornetta, who held just nine shares when the compensation plan was approved.
A hard-fought victory
As noted in a Reuters report, Tesla’s win avoids a potential $26 billion earnings hit from replacing the award at current prices. Tesla, now Texas-incorporated, had hedged with interim plans, including a November 2025 shareholder-approved package potentially worth $878 billion tied to Robotaxi and Optimus goals and other extremely aggressive operational milestones.
The saga surrounding Elon Musk’s 2018 pay package ultimately damaged Delaware’s corporate appeal, prompting a number of high-profile firms, such as Dropbox, Roblox, Trade Desk, and Coinbase, to follow Tesla’s exodus out of the state. What added more fuel to the issue was the fact that Tornetta’s legal team, following the lower court’s 2024 decision, demanded a fee request of more than $5.1 billion worth of TSLA stock, which was equal to an hourly rate of over $200,000.
Delaware Supreme Court Elon Musk 2018 Pay Package by Simon Alvarez
News
Tesla Cybercab tests are going on overdrive with production-ready units
Tesla is ramping its real-world tests of the Cybercab, with multiple sightings of the vehicle being reported across social media this week.
Tesla is ramping its real-world tests of the Cybercab, with multiple sightings of the autonomous two-seater being reported across social media this week. Based on videos of the vehicle that have been shared online, it appears that Cybercab tests are underway across multiple states.
Recent Cybercab sightings
Reports of Cybercab tests have ramped this week, with a vehicle that looked like a production-ready prototype being spotted at Apple’s Visitor Center in California. The vehicle in this sighting was interesting as it was equipped with a steering wheel. The vehicle also featured some changes to the design of its brake lights.
The Cybercab was also filmed testing at the Fremont factory’s test track, which also seemed to involve a vehicle that looked production-ready. This also seemed to be the case for a Cybercab that was spotted in Austin, Texas, which happened to be undergoing real-world tests. Overall, these sightings suggest that Cybercab testing is fully underway, and the vehicle is really moving towards production.
Production design all but finalized?
Recently, a near-production-ready Cybercab was showcased at Tesla’s Santana Row showroom in San Jose. The vehicle was equipped with frameless windows, dual windshield wipers, powered butterfly door struts, an extended front splitter, an updated lightbar, new wheel covers, and a license plate bracket. Interior updates include redesigned dash/door panels, refined seats with center cupholders, updated carpet, and what appeared to be improved legroom.
There seems to be a pretty good chance that the Cybercab’s design has been all but finalized, at least considering Elon Musk’s comments at the 2025 Annual Shareholder Meeting. During the event, Musk confirmed that the vehicle will enter production around April 2026, and its production targets will be quite ambitious.
News
Tesla gets a win in Sweden as union withdraws potentially “illegal” blockade
As per recent reports, the Vision union’s planned anti-Tesla action might have been illegal.
Swedish union Vision has withdrawn its sympathy blockade against Tesla’s planned service center and showroom in Kalmar. As per recent reports, the Vision union’s planned anti-Tesla action might have been illegal.
Vision’s decision to pull the blockade
Vision announced the blockade in early December, stating that it was targeting the administrative handling of Tesla’s facility permits in Kalmar municipality. The sympathy measure was expected to start Monday, but was formally withdrawn via documents sent to the Mediation Institute and Kalmar Municipality last week.
As noted in a Daggers Arbete report, plans for the strike were ultimately pulled after employer group SKR highlighted potential illegality under the Public Employment Act. Vision stressed its continued backing for the Swedish labor model, though Deputy negotiation manager Oskar Pettersson explained that the Vision union and IF Metall made the decision to cancel the planned strike together.
“We will not continue to challenge the regulations,” Petterson said. “The objection was of a technical nature. We made the assessment together with IF Metall that we were not in a position to challenge the legal assessment of whether we could take this particular action against Tesla. Therefore, we chose to revoke the notice itself.”
The SKR’s warning
Petterson also stated that SKR’s technical objection to the Vision union’s planned anti-Tesla strike framed the protest as an unauthorized act. “It was a legal assessment of the situation. Both for us and for IF Metall, it is important to be clear that we stand for the Swedish model. But we should not continue to challenge the regulations and risk getting judgments that lead nowhere in the application of the regulations,” he said.
Vision ultimately canceled its planned blockade against Tesla on December 9. With Vision’s withdrawal, few obstacles remain for Tesla’s long-planned Kalmar site. A foreign electrical firm completed work this fall, and Tesla’s Careers page currently lists a full-time service manager position based there, signaling an imminent opening.
Delaware Supreme Court reinstates Elon Musk’s 2018 Tesla CEO pay package
Tesla Cybercab tests are going on overdrive with production-ready units
