Tesla has reportedly canceled an audacious return policy in which new buyers of its electric vehicles could return them for a full refund within seven days. The news, reported on Friday by Electrek, marks an end to one of CEO Elon Musk’s flashier marketing strategies.

Musk has used the seven-day return policy as a way to boast about Tesla’s high customer satisfaction rates, with the company so confident new buyers would be happy with their purchase that they wouldn’t take Tesla up on its bold offer, which is practically unheard of in the standard automobile industry. The policy also bolstered the idea that Tesla cars are like consumer electronics products — you could order and customize them online and have them delivered to your door, like an Amazon package, and then return it if you were unsatisfied.

Electrek doesn’t list a concrete reason for why Tesla removed the policy, only reporting that it was removed sometime yesterday and any mention of it is now scrubbed from the company’s website. Electrek reports that new buyers wishing to return a Tesla vehicle will now have to go through the customer service department, and it’s unclear what types of situations may warrant a full or even partial refund after purchase.

Tesla did not immediately respond to a request for comment. Earlier this month, Electrek reported that Tesla had dissolved its public relations department, making press inquires more difficult as there is no longer a dedicated person fielding such requests.
 

Source: theverge

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Tesla's market top hit $100 billion on Wednesday, speeding past Volkswagen, which right now sits at $88 billion. Tesla shares flooded 16% in the week through January 23, expanding Elon Musk's total assets by $1.7 billion to $32 billion.

The 49-year-old Tesla CEO, who possesses almost 22% of the electric vehicle producer's stock, is as of now the 28th-most extravagant individual on the planet. He additionally has an expected $12.5 billion stake in SpaceX, his secretly held aviation organization known for reusable rockets.

Tesla shares have dramatically increased since October and are up over 30% this year — it's still just January. Tesla outperformed Ford and GM in advertise capitalization prior this month. The main carmaker still behind Toyota, with a market top of $233 billion.

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Tesla's CEO, Elon Musk recently announced on Twitter to share a variety of updates on Tesla Autopilot and Full Self Driving (FSD). The Dojo Neural Net training centre. Since 2019 April Tesla has been working on a "DOJO", a supercomputer to train neural networks (NN). Elon Musk had earlier claimed that he had a major program under work at Tesla about which he didn't share details.

The mighty super training computer is now called Dojo. The aim behind Dojo is to take in vast amounts of data and train at a video level and do unsupervised training of massive amount of video data with the help of the Dojo program.

The dojo will be enabling faster Neural Network learning. The dojo is used to increase training speed and enable self-supervised learning. But then what is the issue with the existing Autopilot that the new update will be enhancing.

 

Tesla is developing a NN training computer called Dojo to process truly vast amounts of video data. It’s a beast! Please consider joining our AI or computer/chip teams if this sounds interesting.

— Elon Musk (@elonmusk) August 14, 2020

When / what do you think will be the next big public release that shows a massive leap in Autopilot FSD? I feel like when Navigate on Autopilot came out that was a huge leap, will there be another one like that soon?

— Everyday Astronaut (@Erdayastronaut) August 14, 2020

Our main engineering locations are Palo Alto, Austin & Seattle, but working remotely is acceptable for exceptional candidates

— Elon Musk (@elonmusk) August 15, 2020

Tesla will be releasing an improved Autopilot which will be a limited release in 2 months. Tesla had announced that they were doing a rewrite of the program. As we all know the current Autopilot/FSD is great. In fact, Musk claimed that he has been running an "alpha" version of the update on his personal vehicle.

Tesla has 10 billion km of real-world driving data. This brings to our common curiosities whether the regulatory authorities will find Tesla's autopilot safer for robotaxis to ply on roads.

 

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