Tesla's Long List of Updated Updates | Crunch Report | Summary and Q&A

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March 24, 2017
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Tesla's Long List of Updated Updates | Crunch Report

TL;DR

Tesla CEO Elon Musk provides updates on the model 3, Instacart settles a class-action lawsuit for $4.65 million, and SP Drive secures $4.6 million in funding for self-driving buses.

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Key Insights

  • πŸŒ‰ Tesla's model 3 aims to bridge the gap between affordability and advanced technology in electric vehicles.
  • πŸ§‘β€βš•οΈ Instacart's settlement highlights the importance of properly categorizing workers and addressing reimbursement issues in the gig economy.
  • πŸ’— SP Drive's funding indicates growing interest in improving public transportation through self-driving technology.
  • ❓ The success of Tesla, Instacart, and SP Drive reflects the potential for innovation and disruption in their respective industries.
  • 🫷 Elon Musk's updates reinforce Tesla's commitment to providing value for customers while pushing the boundaries of electric vehicle technology.
  • πŸ˜€ The Instacart settlement showcases the legal challenges faced by gig economy companies regarding worker classification and employment policies.
  • 🀳 SP Drive's funding demonstrates the belief in the potential of self-driving technology to revolutionize public transportation.

Transcript

tesla's long list of updated update into the car degrees to settle class-action lawsuit and FB drive pulls in 4.6 million dollars it's Friday in March 24th and miss is clutch report I love Fridays and tech news and here it is Tesla CEO Elon Musk ever the tweeter gave us a few updates on the company's plan for the model 3 today must made it clear th... Read More

Questions & Answers

Q: What updates did Elon Musk provide about the upcoming Tesla model 3?

Elon Musk mentioned that the model 3 will be technologically competitive with the Model S, targeting customers who want a high-quality electric vehicle at a more affordable price. However, it will have less range, power, and features compared to the Model S.

Q: What was the settlement amount in the Instacart class-action lawsuit and what changes will be implemented?

Instacart agreed to pay $4.65 million to settle the lawsuit. They will clarify the difference between a service fee and a tip, change their deactivation policy to only fire shoppers for specific reasons, and ensure proper reimbursement of work expenses.

Q: How much funding did SP Drive secure and what is their goal?

SP Drive secured $4.6 million in funding, with Softbank and Yahoo Japan contributing. Their goal is to conduct tests on public roads next year and launch a commercial self-driving bus service by 2020.

Q: How many shoppers were involved in the Instacart class-action lawsuit?

More than 31,000 shoppers were involved in the class-action lawsuit against Instacart.

Summary & Key Takeaways

  • Tesla CEO Elon Musk clarified that the upcoming model 3 will be competitive with the Model S in terms of technology, targeting customers who want a high-quality electric vehicle at a lower price.

  • Instacart settled a class-action lawsuit by agreeing to pay $4.65 million and implementing changes in its policies regarding worker classification, expense reimbursement, and firing procedures.

  • SP Drive, a self-driving project focused on improving public transportation options, secured $4.6 million in funding from Softbank and Yahoo Japan, aiming to launch a commercial service by 2020.

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