Is your Tesla lying to you?

Author

Jay Lutz
July 28, 2023

Sponsored by Carlyle Commodities

Is your Tesla lying to you?

In a special report, Reuters reveals that Tesla (Nasdaq: TSLA) allegedly engaged in manipulating its vehicles’ range estimates to enhance marketing appeal and boost sales.

According to sources familiar with the matter, Tesla began the practice around a decade ago by deploying algorithms in the range meter software of its vehicles to display optimistic projections of driving distances when fully charged.

This move was reportedly directed by Tesla’s CEO, Elon Musk, to present impressive range numbers to potential buyers, alleviating “range anxiety” – the fear of running out of power before finding a charger – which has been a significant concern affecting EV sales.

You can read more on the matter here.

Carlyle Commodities is a mineral exploration company focused on the acquisition, exploration, and development of mineral resource properties. Carlyle owns 100% of the Newton Project in the Clinton Mining Division of B.C., which has a mineral resource estimate of 861,400 ounces of gold at 0.63 g/t, and 4,678,000 ounces of silver at 3.43 g/t.

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FULL DISCLOSURE: Carlyle Commodities is a client of Canacom Group, the parent company of The Deep Dive. Canacom Group is currently long the equity of Carlyle Commodities. The author has been compensated to cover Carlyle Commodities on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.