Monday November 19, 2018
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Scammers Use Name of Elon Musk to Fleece Twitter Users

A Twitter spokesperson told the BBC it "doesn't comment on individual accounts for privacy and security reasons"

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Crypto hackers use Elon Musk's name to fleece Twitter users. (VOA)
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Scammers have again abused Tesla CEO Elon Musk popularity to fleece Twitter users after hacking several popular accounts.

British fashion retailer Matalan, film distributor Pathe UK and US publisher Pantheon Books were among those whose accounts were taken over by scam artists, the BBC reported on Monday.

The hackers used Elon Musk name and likeness to ask for Bitcoin – a cryptocurrency – by promoting an ad on Twitter.

The tweet asked users to give away a small amount of Bitcoin to supposedly receive more.

Several other verified accounts (the ones with the blue tick), which were also hacked, appear in the tweet’s comments to claim that they have received Bitcoin from Elon Musk.

To make the accounts appear legitimate, the scammers used accounts with Twitter’s own verification mark.

Clicking on any of the links in the scam guides users to a page where they are urged to send anywhere from 0.1-one Bitcoin to the scammers — with the promise that they would receive one-10 Bitcoin as a reward, the report said.

Elon Musk, tesla
Tesla CEO, Elon Musk. (Wikimedia Commons)

But the victims do not receive any Bitcoin after sending money to the scammers.

The scam is made to seem more trustworthy as various other compromised accounts reply to the tweet claiming that it works.

The tweets have since been deleted with many accounts recovered, though some were left blank while waiting for their owners to re-enter their name and profile picture, the report said.

A Twitter spokesperson told the BBC it “doesn’t comment on individual accounts for privacy and security reasons”.

Also Read- Apple Halts Planned Production Boost For iPhone XR

An early form of the scam appeared in March. Again, in August, one impersonator broke into Musk’s official account with a fake lookalike verified account, promising his followers free Bitcoin and ethereum cryptocurrencies.

In fact, the scam became so frequent on the social network that the Tesla chief was briefly blocked from his own Twitter account after he parodied the scam by sending last month a tweet asking: “Wanna buy some Bitcoin?”, the BBC report said. (IANS)

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Tesla Acquires Trucking Firms To Ensure Early Delivery of Model 3: Elon Musk

Musk, who was the Chairman of Tesla for three years, stepped down earlier in September

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Tesla acquires trucking firms to deliver Model 3 on time: Musk. Pixabay

Tesla has acquired trucking companies to ensure early delivery of Model 3 and help buyers get tax credits by the end of the year, the electric car company’s CEO Elon Musk said in a tweet on Friday.

Tesla had, originally, suggested that buyers who wanted to take advantage of the full $7,500 EV federal tax incentive would need to order their vehicles by October 15.

However, Tesla has reopened that window and extended it a fair bit.

“Tesla just acquired trucking capacity to ensure Model 3 can be delivered in US by December 31 if ordered by November 30,” Musk tweeted.

He explained that the automaker had “bought some trucking companies” and “secured contracts with major haulers” to avoid future logistical complications that have plagued Tesla as Model 3 deliveries rise dramatically.

That amounts to an extra six weeks of ordering time to take advantage of the $7,500 EV tax incentive before the phase-out begins for deliveries starting on January 1, CNET reported late on Thursday.

Buyers getting new Tesla delivery on or before December 31, will be eligible for the full $7,500 federal tax incentive.

Elon Musk, tesla
Tesla CEO, Elon Musk. (Wikimedia Commons)

For deliveries between January 1 and June 30, 2019, the incentive will be halved to $3,750, and it will further be halved for another six months before disappearing entirely.

Those waiting for the fabled $35,000 Model 3 will miss the full incentive, as the vehicle is on target for the first half of 2019, the report said.

While Tesla declined request for additional information, including the names of the acquired companies and those with which Tesla has secured contracts, Musk said that they are going to ship east with the trucks instead of trains, which is shortening the transit times by weeks.

“Skipping rail saves over a month for East Coast deliveries. All things considered, it’s better to use trucks. Single load or unload and direct to owner location,” Musk wrote.

Also Read- Google Rolls Out New System Update to “Wear OS”

Musk, who was the Chairman of Tesla for three years, stepped down earlier in September.

He paid a $20 million fine in a deal with the stock market regulatory authority, Securities and Exchange Commission (SEC) to resolve securities fraud charges.

Robyn Denholm from Telstra has been appointed as the Chairwoman of the Tesla Board. Musk, however, remains as Tesla’s chief executive and the biggest investor. (IANS)