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<td align="left" style="color: #000000; font-family: 'Courier New',courier,monospace; font-size: 18px; letter-spacing: -1px; line-height: 120%; padding: 20px 0; text-align: left;">
Well, Tesla had a helluva week... and we might be a little concerned about Elon Musk’s current mental state.
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<a style="color: #000000; font-family: 'Courier New',courier,monospace; font-size: 22px; font-weight: bold; letter-spacing: -1px; line-height: 100%; text-decoration: none;">
The Hustle
</a>
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Sponsored by
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<h2 style="font-size: 26px; font-weight: bold; line-height: 120%; margin-bottom: 16px; margin-top: 36px;">
<strong>
Whistleblower claims drug-trafficking ring operates inside of Tesla’s Nevada factory
</strong>
</h2>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Last week,
<a style="color: #ed4d1f; text-decoration: none;">
Tesla whistleblower
</a>
Karl Hansen alleged that an employee at Tesla’s Nevada Gigafactory was involved in a massive drug ring, while others stole $37m worth of raw materials.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
What was Elon Musk doing during all of this? Illegally spying on former employees, according to Hansen.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
A former member of Tesla’s internal security department and investigations division, Hansen is the second whistleblower to file a formal
<a style="color: #ed4d1f; text-decoration: none;">
complaint
</a>
with the SEC this summer.
</p>
<h4 style="font-size: 18px; font-weight: bold; margin-bottom: 8px; margin-top: 16px;">
<strong>
He’s got some steamy goss to share
</strong>
</h4>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Hansen
<a style="color: #ed4d1f; text-decoration: none;">
claims
</a>
Tesla failed to disclose an investigation the company conducted after receiving a tip that an employee had been moving “significant quantities” of cocaine through Tesla’s Nevada Gigafactory “on behalf of a Mexican drug cartel from Sonora Mexico.”
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
And that’s not even Hansen’s craziest claim -- he also alleges that Tesla installed eavesdropping and wiretapping devices in its facilities and illegally scanned messages and conversations from Martin Tripp at the request of Elon Musk himself.
</p>
<h4 style="font-size: 18px; font-weight: bold; margin-bottom: 8px; margin-top: 16px;">
<strong>
Who’s Martin Tripp you ask?
</strong>
</h4>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Tesla’s OG whistleblower. Back in July, the former Tesla employee
<a style="color: #ed4d1f; text-decoration: none;">
alleged
</a>
that Tesla manufactured batteries with punctured holes, as well as systemically used
<a style="color: #ed4d1f; text-decoration: none;">
waste material
</a>
in vehicles to meet its lofty production goals.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Tesla
<a style="color: #ed4d1f; text-decoration: none;">
sued Tripp
</a>
for $1m, accusing the former Gigafactory technician of hacking the automaker’s computer systems and stealing company secrets -- a claim Tripp denies.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Now, things are heating up: On Thursday, Tripp came out of hiding and tweeted alleged visual proof of the
<a style="color: #ed4d1f; text-decoration: none;">
damaged batteries and waste materials
</a>
(the pictures have been removed).
</p>
<h4 style="font-size: 18px; font-weight: bold; margin-bottom: 8px; margin-top: 16px;">
<strong>
What the h*ll is going on at Tesla??
</strong>
</h4>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
The whistleblowing, along with Musk’s wreckless Tweets about
<a style="color: #ed4d1f; text-decoration: none;">
re-privatizing the company
</a>
being investigated by the SEC, have caused Tesla’s share price to slide $40 over the last few weeks, wiping almost $6B in value from the company.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Musk’s once-endearing eccentric behavior is beginning to worry board members, who are now reportedly said to be
<a style="color: #ed4d1f; text-decoration: none;">
on the lookout
</a>
for “senior talent” to help Musk take a load off.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
And if it wasn’t
<em>
already
</em>
clear that he needs it, Musk recently broke down in a
<a style="color: #ed4d1f; text-decoration: none;">
<em>
New York Times
</em>
</a>
interview, where he revealed his absolutely bonkers work/life balance (or lack thereof), clocking in 120 hours a week at Tesla.
</p>
</td>
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<!-- START SHARING -->
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<td align="center" id="link" style="font-family: 'Courier New',courier,monospace; font-size: 26px; line-height: 120%; padding: 15px 0; text-align: center;">
“I work about 3 weeks a week”
</td>
</tr>
<tr>
<td>
<table style="text-align: center; width: 100%;">
<tbody>
<tr>
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<!-- START BRIEF -->
<tr id="news1">
<td>
<h2 style="font-size: 26px; font-weight: bold; line-height: 120%; margin-bottom: 16px; margin-top: 36px;">
<strong>
Threads raises $20m to sell more $3k purses in Snapchat and iMessage
</strong>
</h2>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Threads, a London-based luxury company that sells all of its goods through messaging apps, just raised
<a style="color: #ed4d1f; text-decoration: none;">
$20m
</a>
to expand its platform.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
The startup, which doesn’t even
<em>
have
</em>
a website, is growing rapidly and pioneering a new type of ‘chat commerce’ that caters to consumers who spend more and more time on mobile devices.
</p>
<h4 style="font-size: 18px; font-weight: bold; margin-bottom: 8px; margin-top: 16px;">
<strong>
Turning the luxury industry on its thread
</strong>
</h4>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Threads was created to provide busy luxury shoppers with a convenient and curated marketplace in the same place they’re already wasting time: messaging apps.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
The style gurus behind Threads’ service recommend products from Dior and 250 other luxury brands to customers in conversation threads on Snapchat, WhatsApp, Instagram, iMessage, and WeChat.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
How much does the average shopper spend?
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
<em>
If you have to ask, you can’t afford it.
</em>
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Customers buy an average
<a style="color: #ed4d1f; text-decoration: none;">
$3k
</a>
worth of swag per shopping sesh, and the company makes commission from the products’ suppliers on every purse they pawn off.
</p>
<h4 style="font-size: 18px; font-weight: bold; margin-bottom: 8px; margin-top: 16px;">
<strong>
Chat commerce is the future
</strong>
</h4>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Threads customers, 70% of whom are under 35, are already spread across more than
<a style="color: #ed4d1f; text-decoration: none;">
100
</a>
countries.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
For now, Threads is mainly focused on fashion and jewelry (those sweet, sweet margins), but eventually, the company plans to get chatting across a wider variety of verticals now that it’s bagged another $20m.
</p>
</td>
</tr>
<!-- START LINK -->
<tr>
<td id="link" style="border-bottom-color: #dddddd; border-bottom-style: solid; border-bottom-width: 1px; padding: 10px 0 40px;">
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<tbody>
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»
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All my friends are Threadheads
</a>
</td>
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</td>
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<tr id="news1">
<td>
<h2 style="font-size: 26px; font-weight: bold; line-height: 120%; margin-bottom: 16px; margin-top: 36px;">
<strong>
Amazon loses its lead in the smart speaker race… for now
</strong>
</h2>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Google found a second wind in the smart speaker race, with some impressive YoY growth, up 449%, according to
<a style="color: #ed4d1f; text-decoration: none;">
<em>
TechCrunch
</em>
</a>
<em>
.
</em>
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
The company doubled their number of devices shipped in the last year to
<a style="color: #ed4d1f; text-decoration: none;">
5.4m
</a>
units, usurping Amazon’s measly 4.1m, to become the current heavyweight smart speaker champion of the world.
</p>
<h4 style="font-size: 18px; font-weight: bold; margin-bottom: 8px; margin-top: 16px;">
<strong>
And it’s not just Google Amazon should be worried about…
</strong>
</h4>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Chinese companies have captured almost 30% of the global market in the last year, with companies like Alibaba and Xiaomi respectively shipping around 3m and 2m smart speakers.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
The two are 3rd and 4th on the leaderboard (Apple didn’t even make the list) and currently account for more than 90% of market share in China.
</p>
<h4 style="font-size: 18px; font-weight: bold; margin-bottom: 8px; margin-top: 16px;">
<strong>
Global is the new local…
</strong>
</h4>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
With Europe and Asia accounting for 68% of Amazon’s growth and 58% of Google’s, companies are doubling down on the number of languages their devices can support.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
<em>
Quartz
</em>
notes this could be a sign of overcrowding in the US market, and a reason people have moved on from the Amazon product line (recent updates of Amazon’s speakers have reportedly offered few reasons to upgrade).
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
And, while Amazon still has a significant head start in the market, Google still has some
<a style="color: #ed4d1f; text-decoration: none;">
tricks up their sleeve
</a>
…
</p>
</td>
</tr>
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<tr>
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<span style="color: #ffffff; display: block; float: none; font-weight: bold; text-align: center;">
»
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</td>
<td style="border-color: #000; border-radius: 0 3px 3px 0; border-style: solid; border-width: 2px 2px 2px 0; padding: 0 8px; vertical-align: top;" valign="top">
<a style="color: #000000; font-size: 12px; font-weight: bold; line-height: 21px; text-decoration: none;">
Yo, Apple, U up?
</a>
</td>
</tr>
</tbody>
</table>
</td>
</tr>
<!-- END LINK -->
<!-- END BRIEF -->
<!-- START BRIEF -->
<tr id="news1">
<td>
<h2 style="font-size: 26px; font-weight: bold; line-height: 120%; margin-bottom: 16px; margin-top: 36px;">
<strong>
Retailers roll out facial recognition with mixed results -- and minimal regulation
</strong>
</h2>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Critics of facial recognition software often describe it as a problematic law enforcement tool, but it’s showing up somewhere else first -- the mall. And, despite the tech’s growth, its effectiveness (and ethics) are up for debate.
</p>
<h4 style="font-size: 18px; font-weight: bold; margin-bottom: 8px; margin-top: 16px;">
<strong>
Eliminating theft or eliminating privacy?
</strong>
</h4>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Retailers lose
<a style="color: #ed4d1f; text-decoration: none;">
$48.9B
</a>
to theft every year, giving them about 50 billion reasons to want better video surveillance. But with great surveillance... comes great privacy invasion.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Most facial recognition surveillance systems are so discreet that the ACLU and other consumer rights advocates have
<a style="color: #ed4d1f; text-decoration: none;">
criticized
</a>
the technology, which usually collects data without permission from shoppers.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Either way, according to the CEO of facial recognition company FaceFirst, hundreds of retailers are already
<a style="color: #ed4d1f; text-decoration: none;">
using
</a>
the systems in their stores, with thousands more on the way in the near future
</p>
<h4 style="font-size: 18px; font-weight: bold; margin-bottom: 8px; margin-top: 16px;">
<strong>
So… do they work?
</strong>
</h4>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Results are -- you guessed it -- inconclusive.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
FaceFirst scans shoppers against a
<a style="color: #ed4d1f; text-decoration: none;">
25m
</a>
-face database in under a second -- which, according to a FaceFirst rep, has reduced shoplifting by 30%. But, other big retailers like Target and Walmart have
<a style="color: #ed4d1f; text-decoration: none;">
tested
</a>
and scrapped the systems because they don’t deliver desired results
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
And the bigger problem is that no one can agree on who makes the rules. Only one state -- Illinois -- has
<a style="color: #ed4d1f; text-decoration: none;">
passed
</a>
laws banning the collection of biometric data without the subject’s consent. Everywhere else, it’s
<a style="color: #ed4d1f; text-decoration: none;">
fair game
</a>
for retailers to surveil faces to their heart’s content.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
So as the debate about the ethics of facial recognition continues, make sure to smile the next time you go shopping.
</p>
</td>
</tr>
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You’re on candid, face-scanning camera
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</td>
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</td>
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<!-- START NATIVE -->
<tr>
<td>
<table style="border-spacing: 0px;">
<tr>
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<h2 style="font-size: 26px; font-weight: bold; line-height: 120%; margin-bottom: 16px; margin-top: 36px;">
<strong>
Savvy investors are riding the real estate “cash flow”
</strong>
</h2>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Real estate has long been beloved for its historical stability and high-returns. But the real reason investors fawn over real estate?
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
It has the potential to pay investors a steady stream of cash, AKA dividends.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
That’s where
<a style="color: #ed4d1f; text-decoration: none;">
Fundrise
</a>
comes in.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Fundrise allows you to invest your money, according to your goals, in a portfolio filled with dozens of real estate projects — each one carefully handpicked with the purpose of growing your net worth mogul-style.
</p>
<h4 style="font-size: 18px; font-weight: bold; margin-bottom: 8px; margin-top: 16px;">
<strong>
The 411 on dividends with Fundrise
</strong>
</h4>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Fundrise’s portfolios are set up to distribute income to investors in the form of -- you guessed it -- dividends. And to receive those potential dividends, you don’t have to do a thing.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
It’s true
<a style="color: #ed4d1f; text-decoration: none;">
passive income
</a>
: You put cash into a Fundrise real estate portfolio, and they crank the dials according to your preferences to maximize the potential cash on the other side.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Whether you start with $500, $5,000, or, hey, $5 million,
<a style="color: #ed4d1f; text-decoration: none;">
Fundrise
</a>
is the simple, low-cost way to invest in real estate.
</p>
</td>
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<tr id="cta">
<td align="center" style="padding: 20px 0 40px; text-align: center; width: 100%;">
<a style="background: #ffffff; border: 2px solid #000000; border-radius: 3px; color: #000000; font-family: 'Courier New',courier,monospace; font-weight: bold; letter-spacing: -0.5px; padding: 10px 15px; text-decoration: none;">
Oh dividend, my dividend! →
</a>
</td>
</tr>
<tr id="disclaimer">
<td style="color: #717171 !important; font-size: 10px !important; font-style: italic; line-height: 120%;">
<p style="font-family: arial, sans-serif; font-size: 10px; line-height: 120%; margin: 0; padding-bottom: 12px;">
<em>
<strong>
FINE-ISH PRINT:
</strong>
If you wanna read up on legal details, click right
<a style="color: #ed4d1f; text-decoration: none;">
here.
</a>
Warning: it’s a snoozer.
</em>
</p>
</td>
</tr>
<tr>
<td style="padding-bottom: 60px;">
</td>
</tr>
<!-- END NATIVE -->
<!-- START REVIEW -->
<tr>
<td align="left" bgcolor="#000000" style="background: #000000; color: #ffffff; font-family: 'Courier',monospace; font-size: 16px; font-weight: bold; letter-spacing: 1px; padding: 8px 10px; text-align: left; width: 100%;">
monday morning review
</td>
</tr>
<tr id="review">
<td bgcolor="#ffffff" style="padding-bottom: 50px;" valign="top">
<h2 style="font-size: 26px; font-weight: bold; line-height: 120%; margin-bottom: 16px; margin-top: 36px;">
<strong>
“Alexa, open reader feedback”
</strong>
</h2>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Ok, we don’t have an Alexa skill for that. Which means we get the pleasure of reading all your words of wisdom ourselves.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Here are a few reader notes we pulled from the archives:
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
<em>
<strong>
Not a massive fan of the "Now Playing" section but I can see how it would apply to others. -- Doug
</strong>
</em>
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
That makes one of us, Doug. “Now Playing” is one of our favorite new email additions (you can follow the
<a style="color: #ed4d1f; text-decoration: none;">
full playlist here
</a>
). But hey, different tunes for different goons, as they say.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
<em>
<strong>
The new music add-on at the bottom is a great new addition -- Kim
</strong>
</em>
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
We’ll let you and Doug duke it out in the parking lot later.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
<em>
<strong>
Maybe stop using formatting from windows ‘98 -- David
</strong>
</em>
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
First of all, it’s called an ~aesthetic~. Second, we make small tweaks to our layout every once in a while, but for the sake of loading speeds and readability, we prefer to keep it simple.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
<em>
<strong>
The writing style is great, but dial down the tone, like, 5%. -- Steve
</strong>
</em>
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Listen, our content is like a microchip -- according to our calculations, about 10% wit, 10% relatable analogies, 80% need-to-know business news. A 5% dial-down?? That’s like asking NASA to be 5% less rocket-y. We don’t know what would happen exactly, but probably an explosion.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
-- Lindsey, Managing Editor of The Hustle
</p>
</td>
</tr>
<!-- END REVIEW -->
<!-- START SONG -->
<tr>
<td style="padding-bottom: 20px;">
<table>
<tr>
<td rowspan="3" style="vertical-align: middle;" valign="middle">
<img alt="Now Playing" src="https://inboxflows.com/_/image/https%253A%252F%252Fs3-us-west-1.amazonaws.com%252Fthdaily%252Fmusic_bars.gif/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZzMy11cy13ZXN0LSJ9:1kXPDR:gm7sML8YmiYzdkcoM80y3epV-Hk_ysEgW_9b4ITEkgk" style="height: auto; width: 20px;" width="20"/>
</td>
<td rowspan="3" style="font-family: 'Courier New',courier,monospace; font-size: 14px; font-weight: bold; line-height: 120%; padding-left: 10px; padding-right: 10px; padding-top: 3px; vertical-align: middle; width: 64px;" valign="middle">
Now Playing:
</td>
</tr>
<tr>
<td>
<a style="color: #ed4d1f; text-decoration: none;">
<strong>
Class Historian, BRONCHO
</strong>
</a>
. These guys can’t not make a hooky rock song. It’s in their DNA.
</td>
</tr>
</table>
</td>
</tr>
<!-- END SONG -->
<tr>
<td>
<table style="border-spacing: 0;">
<tr>
<td align="center" bgcolor="#000000" style="background: #000000; color: #ffffff; font-size: 32px; font-weight: bold; line-height: 100%; max-width: 100px; padding: 10px 10px 0px; text-align: center;">
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6 years, 11 months ago - news@thehustle.co
What’s worse than 1 whistleblower?
Well, Tesla had a helluva week... and we might be a little concerned about Elon Musk’s current me...