News
Tesla Model X frozen lake mystery gets solved, and the truth is stranger than fiction
Back in 2019, a picture of a charred Tesla Model X in the middle of a frozen lake in Vermont resulted in a lot of electric vehicle enthusiasts scratching their heads in confusion. Very few details were made public, though the police noted back then that the owner of the vehicle drove the Model X to the lake, where it supposedly struck a rock and caught fire.
The incident was pretty strange, partly because the car fully burned up without melting the ice and falling into the frozen lake. Little information was also available about the owner of the vehicle, though it was reported that no one was injured in the incident. Recently, the mysteries surrounding this peculiar Model X fire were explained, and by the Department of Justice, no less. Needless to say, the truth in this particular Model X fire was stranger than fiction.
According to the US Attorney’s Office in Vermont, the Model X was actually part of a pretty expansive scam executed by 32-year-old Michael A. Gonzalez of Colchester, Vermont. The scam involved Gonzalez acquiring Teslas by exploiting a procedure adopted by the company that allowed him to take deliveries of vehicles before his bank transfer was fully cleared.
As per a report from Seven Days, Gonzalez’s breakthrough came in September 2018, when he reserved a Tesla Model 3 that cost $58,200. To acquire the vehicle, the scammer paid Tesla a $2,500 downpayment and set up an automated payment scheme to draft the vehicle’s monthly payments. Tesla delivered the Model 3, and days later, Gonzalez’s fund transfers were rejected by the bank. The vehicle was taken around December 2018 to a used car dealership, where Gonzalez sold it for $42,500.
Fresh from his successful scam, Gonzalez decided to go for a bigger prize next: a Tesla Model X. Using the same playbook, he was able to acquire a Model X worth $144,200. Tesla delivered the vehicle, and weeks later, Gonzalez was able to sell the all-electric SUV through Craigslist for $90,000.
According to investigators, the Model X that ended up on the frozen lake was actually the third Tesla in Gonzalez’s scheme. It was a vehicle worth $152,663, the scammer’s most expensive yet. But while he was able to pick up the car in Tampa, Tesla did not provide Gonzalez with the ownership paperwork needed to register or resell the car. In response to this, Gonzalez reportedly took the car to a frozen section of Shelburne Bay, where it was later found in flames.
The gutsy Gonzalez actually filed an insurance claim for the Model X’s loss, but he never showed up for a required examination under oath where he was required to bring the electric vehicle’s certificate of ownership. Ultimately, the claim was denied.
Not to be discouraged, Gonzalez went for a fourth Tesla in March 2019, another Model X for $136,710. This time around, he used another person’s driver’s license and another address. Tesla delivered the vehicle, and it was registered with the Vermont DMV. Gonzalez then transferred the Model X’s title under his own name, claiming that he had acquired it through an “even trade” with an $8,200 2013 Kia Optima. The Model X was sold on eBay for $99,400.
Unfortunately for Gonzalez, his streak ended when he initiated his scam for the fifth time in July 2019. Tesla eventually hired a repossession company, and the vehicle was tracked to a Burlington garage. The scammer fled, though he was later arrested in February 2020 on a separate gun charge. Upon his release, he had the Tesla towed from a storage facility for what he believed was another sale. The Seabrook Police Department was not having it by this time, and they proceeded to impound the Model X.
As per the US Department of Justice, Gonzalez is currently being charged with five counts of possessing and selling stolen motor vehicles. He is ordered detained by United States Magistrate Judge Kevin J. Doyle pending a detention hearing next week, and he is at risk of facing ten years in prison for each count of possessing and selling stolen cars.
Don’t hesitate to contact us with account tips. Just send a message to tips@teslarati.com to give us a heads up.
Elon Musk
Elon Musk’s net worth is nearing $800 billion, and it’s no small part due to xAI
A newly confirmed $20 billion xAI funding round valued the business at $250 billion, adding an estimated $62 billion to Musk’s fortune.
Elon Musk moved within reach of an unprecedented $800 billion net worth after private investors sharply increased the valuation of xAI Holdings, his artificial intelligence and social media company.
A newly confirmed $20 billion funding round valued the business at $250 billion, adding an estimated $62 billion to Musk’s fortune and widening his lead as the world’s wealthiest individual.
xAI’s valuation jump
Forbes confirmed that xAI Holdings was valued at $250 billion following its $20 billion funding round. That’s more than double the $113 billion valuation Musk cited when he merged his AI startup xAI with social media platform X last year. Musk owned roughly 49% of the combined company, which Forbes estimated was worth about $122 billion after the deal closed.
xAI’s recent valuation increase pushed Musk’s total net worth to approximately $780 billion, as per Forbes’ Real-Time Billionaires List. The jump represented one of the single largest wealth gains ever recorded in a private funding round.
Interestingly enough, xAI’s funding round also boosted the AI startup’s other billionaire investors. Saudi investor Prince Alwaleed Bin Talal Alsaud held an estimated 1.6% stake in xAI worth about $4 billion, so the recent funding round boosted his net worth to $19.4 billion. Twitter co-founder Jack Dorsey and Oracle co-founder Larry Ellison each owned roughly 0.8% stakes that are now valued at about $2.1 billion, increasing their net worths to $6 billion and $241 billion, respectively.
The backbone of Musk’s net worth
Despite xAI’s rapid rise, Musk’s net worth is still primarily anchored by SpaceX and Tesla. SpaceX represents Musk’s single most valuable asset, with his 42% stake in the private space company estimated at roughly $336 billion.
Tesla ranks second among Musk’s holdings, as he owns about 12% of the EV maker’s common stock, which is worth approximately $307 billion.
Over the past year, Musk crossed a series of historic milestones, becoming the first person ever worth $500 billion, $600 billion, and $700 billion. He also widened his lead over the world’s second-richest individual, Larry Page, by more than $500 billion.
News
Tesla Cybercab sighting confirms one highly requested feature
The feature will likely allow the Cybercab to continue operating even in conditions when its cameras could be covered with dust, mud, or road grime.
A recent sighting of Tesla’s Cybercab prototype in Chicago appears to confirm a long-requested feature for the autonomous two-seater.
The feature will likely allow the Cybercab to continue operating even in conditions when its cameras could be covered with dust, mud, or road grime.
The Cybercab’s camera washer
The Cybercab prototype in question was sighted in Chicago, and its image was shared widely on social media. While the autonomous two-seater itself was visibly dirty, its rear camera area stood out as noticeably cleaner than the rest of the car. Traces of water were also visible on the trunk. This suggested that the Cybercab is equipped with a rear camera washer.
As noted by Model Y owner and industry watcher Sawyer Merritt, a rear camera washer is a feature many Tesla owners have requested for years, particularly in snowy or wet regions where camera obstruction can affect visibility and the performance of systems like Full Self-Driving (FSD).
While only the rear camera washer was clearly visible, the sighting raises the possibility that Tesla may equip the Cybercab’s other external cameras with similar cleaning systems. Given the vehicle’s fully autonomous design, redundant visibility safeguards would be a logical inclusion.
The Cybercab in Tesla’s autonomous world
The Cybercab is Tesla’s first purpose-built autonomous ride-hailing vehicle, and it is expected to enter production later this year. The vehicle was unveiled in October 2024 at the “We, Robot” event in Los Angeles, and it is expected to be a major growth driver for Tesla as it continues its transition toward an AI- and robotics-focused company. The Cybercab will not include a steering wheel or pedals and is intended to carry one or two passengers per trip, a decision Tesla says reflects real-world ride-hailing usage data.
The Cybercab is also expected to feature in-vehicle entertainment through its center touchscreen, wireless charging, and other rider-focused amenities. Musk has also hinted that the vehicle includes far more innovation than is immediately apparent, stating on X that “there is so much to this car that is not obvious on the surface.”
News
Tesla seen as early winner as Canada reopens door to China-made EVs
Tesla had already prepared for Chinese exports to Canada in 2023 by equipping its Shanghai Gigafactory to produce a Canada-specific version of the Model Y.
Tesla seems poised to be an early beneficiary of Canada’s decision to reopen imports of Chinese-made electric vehicles, following the removal of a 100% tariff that halted shipments last year.
Thanks to Giga Shanghai’s capability to produce Canadian-spec vehicles, it might only be a matter of time before Tesla is able to export vehicles to Canada from China once more.
Under the new U.S.–Canada trade agreement, Canada will allow up to 49,000 vehicles per year to be imported from China at a 6.1% tariff, with the quota potentially rising to 70,000 units within five years, according to Prime Minister Mark Carney.
Half of the initial quota is reserved for vehicles priced under CAD 35,000, a threshold above current Tesla models, though the electric vehicle maker could still benefit from the rule change, as noted in a Reuters report.
Tesla had already prepared for Chinese exports to Canada in 2023 by equipping its Shanghai Gigafactory to produce a Canada-specific version of the Model Y. That year, Tesla began shipping vehicles from Shanghai to Canada, contributing to a sharp 460% year-over-year increase in China-built vehicle imports through Vancouver.
When Ottawa imposed a 100% tariff in 2024, however, Tesla halted those shipments and shifted Canadian supply to its U.S. and Berlin factories. With tariffs now reduced, Tesla could quickly resume China-to-Canada exports.
Beyond manufacturing flexibility, Tesla could also benefit from its established retail presence in Canada. The automaker operates 39 stores across Canada, while Chinese brands like BYD and Nio have yet to enter the Canadian market directly. Tesla’s relatively small lineup, which is comprised of four core models plus the Cybertruck, allows it to move faster on marketing and logistics than competitors with broader portfolios.
Elon Musk’s net worth is nearing $800 billion, and it’s no small part due to xAI
Tesla Cybercab sighting confirms one highly requested feature
