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
Elon Musk will give ‘every kid in America’ a SpaceX share in 2027
Elon Musk said he is planning to give “every one of his SpaceX shares to every kid in America” in 2027, stating that “this will be the first of many.”
SpaceX went public earlier this year, and its stock price has been relatively stable since leveling off shortly after its IPO. Based on its current price, it’s a gift of just over $10 billion to children across the United States.
It appears to be closely related to President Donald Trump’s bank accounts for children, which were set up earlier this year as Trump Accounts.
Just hours earlier, Anthropic had announced the establishment of its Anthropic Public Benefit Fund, “a new wholly-owned entity dedicated entirely to public benefit.” Musk responded by stating he recommended “giving the shares directly to the public,” and that he would be doing it that way.
Just a little bit later, Musk said children across the U.S. would be getting a share from him:
Next year, I will give one of my SpaceX shares to every kid in America.
This will be the first of many.
— Elon Musk (@elonmusk) October 19, 2026
There are roughly 70 million children, meaning someone under the age of 18, in the United States, according to the Federal Interagency Forum on Child and Family Statistics. Musk’s ownership of SpaceX stock shows he has around 849 million Class A shares of SpaceX stock, according to filings with the SEC.
Elon Musk
Elon Musk reveals why Boring Co’s biggest East Coast project never happened
Elon Musk revealed in a post on X that “Permits were impossible to get,” explaining the fate of The Boring Company’s most ambitious East Coast proposal.
The comment responded to a query about what became of his July 20, 2017 announcement that he had “just received verbal govt approval” for an underground Hyperloop connecting New York City, Philadelphia, Baltimore, and Washington, D.C., capable of carrying passengers from the Big Apple to the Nation’s Capital in just 29 minutes.
The Boring Company receives verbal ‘approval’ to build NY to DC Hyperloop tunnel
The 2017 post, which envisioned city-center stations and multiple elevators in each city, sparked immediate scrutiny. Local and state officials in New York, Philadelphia, Baltimore, and D.C. said they had no knowledge of any approval. A White House spokesperson confirmed only “promising conversations” about the transformative infrastructure.
Musk clarified shortly after that there was “still a lot of work” to do for formal approvals.
@cybrtrkguy Permits were impossible to get
— Elon Musk (@elonmusk) October 19, 2026
Limited progress followed, as Maryland Governor Larry Hogan’s administration issued a conditional utility permit and supported work near Fort Meade. In 2018, Washington, D.C., granted a preliminary permit for site preparation and excavation on a vacant lot at 53 New York Ave. NE in the NoMa neighborhood, which The Boring Company said could become a station.
A draft environmental assessment for a D.C.-Baltimore segment was released in 2019. Yet, by April 2021, the company had removed the project from its website, and the Federal Highway Administration reported receiving no indication of further interest. Communication with Maryland officials had ceased.
The full corridor would have required coordination among the District of Columbia, Maryland, Pennsylvania, New York, the Federal Highway Administration, the Army Corps of Engineers, the National Park Service, and other agencies.
Environmental reviews under the National Environmental Policy Act, utility clearances, and approvals for novel infrastructure added to the overall complexity of the project and its approval.
Speculation on the permitting barriers centers around a few factors, but a multi-state, multi-level route involving unproven high-speed vacuum-tube technology inherently triggers exhaustive safety, environmental, and engineering reviews that can stretch for years, even for conventional projects.
There are also other elements, of course, like officials who may face political exposure if a privately funded, untested system encountered anything such as cost overruns, delays, or safety issues. On the outset of this project, there were limited things such as engineering plans or demonstrated technology maturity, which also added to the potential skepticism.
The East Coast vision for Boring Co., once framed as a privately funded revolution that could reshape Northeast travel, quietly ended without construction of the promised network. Musk’s recent statement frames the outcome as a regulatory impasse, unfortunate but not unexpected.
Elon Musk
Tesla CEO Elon Musk reminds everyone about Roadster’s true meaning
Tesla CEO Elon Musk took to his social media platform X on Sunday to remind everyone that the Roadster’s true meaning is not about company growth or adding dollars to shareholders’ pockets. Sometimes, you just do things because you can.
Following the Roadster’s epic unveiling event last Thursday, skeptics and critics of the company or the project itself came out to say that the vehicle is a pointless project because it is not geared toward growing the company, delivering supreme margins for profitability, nor does it contribute to the big picture of Artificial/Super Intelligence.
But that’s just the thing: Roadster is not meant to be some shareholder dream; it’s meant to be a vehicle that people buy just because it is something awesome, unique, and the first of its kind.
Tesla Roadster: Three configs, one can fly, 0-60 in 0.8 seconds
Musk had to remind those who are skeptical about the Roadster’s importance to the company mission that while it is not a major contributor to Tesla’s long-term goals, it is something that is being built just because it can be:
“Optimus and Cybercab will be the vast majority of Tesla’s value. The only things that will scale to incredible size (K2 and beyond) economically are super intelligence, robots, solar power, and mass to space. And, of course, if you have the first two, the rest will follow. But Roadster is super cool, so we’re doing it anyway.”
Musk has said on many occasions that Optimus would be the project that would make up the vast majority of Tesla’s value in the coming years.
Robotics will be a major focus of Tesla over the coming years, especially as Musk believes Optimus will enable work to be optional for humans and will enable what he calls “High Universal Income.”
Optimus and Cybercab will be the vast majority of Tesla’s value.
The only things that will scale to incredible size (K2 and beyond) economically are super intelligence, robots, solar power and mass to space.
And, of course, if you have the first two, the rest will follow.
But Roadster is super cool, so we’re doing it anyway.
— Elon Musk (@elonmusk) October 18, 2026
Cybercab will be a passive income opportunity for owners, Musk and Tesla have said for a very long time, as a fleet of self-driving vehicles will operate within a ride-hailing Robotaxi service that won’t require a human driver to be present.
Tesla investors are more than enthusiastic about the company’s future projects, at least from a general consensus perspective. However, it is important to note that the Roadster is a fun and cool project that pushes the boundaries of what people thought was possible for an automobile.
What we saw last week was the first true example of a flying car, and despite the backlash about how it might not contribute to Tesla’s grand ambitions, it’s okay to have fun sometimes, too.