00:00 It's Benzinga and here's what's on the block.
00:02 Tesla has been intentionally inflating range estimates in its vehicles using programmed
00:06 algorithms to show more optimistic driving distance projections.
00:10 However, the cars often fail to achieve the advertised range, especially in cold weather.
00:16 To manage the increasing number of customer complaints about poor driving range, Tesla
00:20 created a "divergent" team in Las Vegas whose sole purpose was to cancel range-related
00:25 service appointments.
00:27 The team aimed to save Tesla money by avoiding unnecessary repairs and reduce the pressure
00:31 on the service centers, which had long wait times for appointments.
00:35 Tesla has been fined for falsely advertising its range in South Korea and has faced criticism
00:39 for not providing accurate range estimates to customers.
00:42 For all things money, visit Benzinga.com!
00:44 [BLANK_AUDIO]
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