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Elon Musk’s Tesla Battles Lawsuit for Advertising Autopilot that Caused Accidents

Tesla sued by drivers for false advertisement of the functionality of its autopilot and FSD Software feature

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American multinational automotive and clean energy company, Tesla has been recently sued by drivers alleging that the company falsely advertised its autopilot and FSD Software feature.

The lawsuit which was filed in the California Northern District Court disclosed that Tesla’s ADAS systems is causing a lot of problems to its owners where the vehicles often run on red lights, miss turns, and veer into traffic, which has cost owners thousands of dollars to fix.

One of the plaintiffs in the lawsuit, Briggs Matsko, stated that he paid $5,000 for his 2018 Tesla Model X to get Enhanced Autopilot.

In his complaint, he alleged that the automotive company and its CEO Elon Musk have been deceitfully advertising its ADAS tech as either fully functioning or close to being “solved” since 2016, despite knowing full well that the capabilities of Autopilot and FSD don’t live up to the hype.

His lawsuit reads; “Although these promises have proven false time and time again, Tesla and Musk have continued making them to generate media attention, to deceive consumers into believing it has unrivaled cutting-edge technology, and to establish itself as a leading player in the fast-growing electric vehicle market”.

This lawsuit follows a string of other complaints and allegations, including increased attention and inquiries from state and federal agencies.

This is not the first time Tesla has been slammed in a lawsuit as California’s Department of Motor Vehicles also accused the automotive company in July of false advertisement of its autopilot and FSD Systems.

Last month August, another owner of a Tesla Model 3 filed a lawsuit against the automaker alleging that a defect in Autopilot caused unintended braking.

Tesla’s autopilot has been advertised with capabilities such as traffic-aware cruise control and lane assist, smart summon, etc.

Meanwhile, Tesla on its website had advised drivers using autopilot to stay alert and maintain control of the vehicle at all times, a statement most owners claimed contradicted the functionality of those features advertised by the company.

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Startups

Fintech Startup Carbon Finance Partners Carepay to Eliminate Limitations in Accessing Quality Healthcare Services

Carbon Finance a Nigerian fintech startup that provides access to basic financial services has partnered with Carepay a healthcare startup to provide its customers with discounted services on their healthcare needs.

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Carbon - Investors King

Carbon Finance, a Nigerian fintech startup that provides access to basic financial services, has partnered with Carepay a healthcare startup to provide its customers with discounted services on their healthcare needs.

Through this partnership with Carepay in an effort to improve access to healthcare services, Carbon Finance will offer support to customers by offering discounts when payment is made with their Carbon debit cards within the designated Carepay healthcare provider network. These discounts will be received in the form of cashback to their Carbon accounts. 

Speaking about the partnership, Carbon’s Co-Founder Chijioke Dozie Said, “This partnership is a milestone accomplishment as it’s the first brand association of CarePay’s healthcare discount program with a Nigerian fintech company.” 

“At Carbon, we believe our consumers deserve only the best, that’s why we are leveraging a powerful partnership to eliminate financial drawbacks and limitations to accessing quality healthcare. This is one of the many ways we at Carbon show customers we care.”

Also speaking on the partnership, CarePay Nigeria’s Managing Director Yomi Sule said, “This partnership with Carbon is a validation of our healthcare discount business model which allows financial service enterprises to embed healthcare benefits such as discounts, cash backs, and telehealth into their value proposition in order to drive affordability of healthcare services for their customers and brand loyalty for the enterprises.”

“CarePay’s innovative healthcare discount program, which is the first of its kind in Nigeria, has a preferred provider network that includes leading healthcare merchants such as MedPlus Pharmacy, Synlab, Outreach Hospital Group, Smile360 Dental, Lily Hospital Group, Exclusive Dental, Amara Medicare, Shield specialist hospitals, Pure Snow Dental, Bethel Dental, Optilens eye clinic, and hundreds more, from which the discount program subscribers can access sizable discounts negotiated by CarePay.”

“Providing more context to the many benefits that Carbon customers stand to benefit from, Sule also positioned that, “With only 10 million Nigerians, which is less than 5 percent of the population currently covered by health insurance, this creates a great concern.

“By partnering with Carepay, Carbon Finance will offer cashback in form of healthcare discounts to their debit card customers. Healthcare should be affordable, and with a Carbon debit card, customers stand to enjoy up to 25% cash back at designated healthcare providers enlisted in the CarePay healthcare discount program”.

It should be recalled that in 2021, Investors King had reported that Carbon Finance processed ₦96.54 billion ($240 million) payments in 2020.

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Social Media

Meta Partners With NAPTIP, Launches ‘AMBER Alert’ to Enable Faster Response Finding Missing Children

Meta has partnered with the National Agency For The Prohibition Of Trafficking In Persons (NAPTIP) to launch the ‘AMBER Alert’ program in Nigeria

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Facebook Accelerator Programme - Investors King

Facebook parent company Meta has partnered with the National Agency For The Prohibition Of Trafficking In Persons (NAPTIP) to launch the ‘AMBER Alert’ program in Nigeria to enable faster response in finding missing children as well as enhancing investigation and rescue efforts.

AMBER Alert is an emergency response system that disseminates information about a missing person (usually a child), through media broadcasting or electronic roadway signs.

It also helps with information sharing on Facebook and Instagram whenever a child goes missing. The alerts will include important details about the missing child such as location, photo, description, and other available information that will be provided which can be shared with friends to enhance widespread publicity.

The AMBER Alert Programme was Launched on Facebook in 2015, and since then has assisted in numerous successful child endangerment cases in the US and around the world.

Speaking on the launch of the program in Nigeria, the Director General of the National Agency for the Prohibition of Trafficking in Persons (NAPTIP) Dr. Fatima Waziri-Azi said, “We are happy to be partnering with Meta to launch the AMBER Alert Programme on Facebook and Instagram to help ensure faster response in finding missing children.

“With these alerts, more people can be on the lookout for kids reported missing in their vicinity and report all leads to relevant authorities. NAPTIP cherishes every aspect of the intended collaboration and we are indeed glad to be on board with Meta to help find missing children in Nigeria.”

Also speaking at the launch event, Meta’s director of trust and safety, Emily Vacher said “The program is designed to include important information about the missing child such as a photo description, location of the abduction, and other relevant and available information to aid in immediately identifying the missing child.

“Already available across 28 countries globally, we are proud to partner with NAPTIP to make ‘Amber Alerts’ available in Nigeria — the second African country to join this program.

“When there is a reported case of a missing child, the most valuable thing one can do is share information as quickly as possible.

“By working with law enforcement in helping to share the right information with the right people, we hope that missing children will be safely reunited with their families faster.”

Following the launch of AMBER Alerts in Nigeria, Meta and NAPTIP will take out time to educate users on how to identify AMBER Alerts on their  Facebook and Instagram feeds, and also notify them on what to do when they see an alert.

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Fund Raising

YC-Backed Startup Numida Raises $12.3 Million Pre-Series A Round

Ugandan-based Fintech startup Numida which provides working capital to African micro-businesses has raised $12.3 million in a pre-series A round.

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Numida

Ugandan-based Fintech startup Numida which provides working capital to African micro-businesses has raised $12.3 million in a pre-series A round.

The debt funding round was led by Serena ventures, the venture fund of tennis champion Serena Williams who led the $7.3 million equity portion of the round with participation from Breega, 4Di Capital, Launch Africa, Soma Capital, Y Combinator, and existing investor MFS Africa, which is following on. The startup also received a $5 million debt facility from Lendable Asset Management.

Due to the significant increase in demand for its services, Numida is currently eyeing growth opportunities beyond Uganda, stating that it has a proven business model that can be adopted across the African continent to unlock the potential of MSMEs.

With this recent fundraised, the startup plans to extend loans to an additional 10,000 businesses to reach its 40,000 targets within the next 18 months by entering into two new African markets.

Speaking on the recent fund said, Numida CEO Mina Shahid said, “I’m most excited about continuing to build and provide financial products for these micro and small business owners who have been forgotten by the traditional financial services industry even though they are hardworking and have viable businesses.

“There are so many of these businesses across the continent, we really do believe that we’ve proven a model in Uganda that can be Pan-African and unlock the potential of these businesses to growth and achieve great things”.

Since raising its $2.3 million seed round last year, Numida has grown over 7.5 times propelled by the soaring demand for quick loans. The startup has to date issued $20 million in working capital to micro and small businesses, having grown from issuing $250,000 a month to $2 million.

To support this expansion, Numida has disclosed its plans to double its team to 200 people across its credit operations, data product development, and growth functions over the next 18 months. Shahid told BetaKit that four people out of its over 100-person workforce are based in Canada, with plans to expand its Canadian team to six by the end of the year.

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