Sure, it may not sound like the spiciest headline, but Sam Bankman-Fried is in a weird place to be starting a Substack. He’s facing up to 115 years in prison if he’s convicted of federal fraud and conspiracy charges. And yet the embattled founder of collapsed crypto exchange FTX – who pleaded not guilty and is out on a $250 million bond while awaiting trial – figured it’d be a great idea to write about his perspective on the saga in a Substack newsletter.
In his first post, about the collapse of FTX International, Bankman-Fried (aka SBF) claims “I didn’t steal funds, and I certainly didn’t stash billions away.” SBF notes that FTX US (which serves customers in America) “remains fully solvent and should be able to return all customers’ funds.” However, he does not mention that FTX co-founder Zixiao “Gary” Wang and former Alameda Research CEO Caroline Ellison pleaded guilty to fraud charges and are cooperating with prosecutors.
– Mat Smith
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Tesla drastically lowers EV pricing in the US and Europe
The Model Y Long Range sees a huge $20,500 drop including the Federal Tax Credit.
After steadily increasing prices over the past couple of years, Tesla has cut them drastically across its lineup in the US and Europe, in an apparent bid to boost sales. The least expensive EV, the Model 3 RWD, has dropped from $46,990 to $43,990, while the 5-seat Model Y Long Range fell 20 percent, from $65,990 to $52,990. That means, perhaps crucially, the latter model now qualifies for the $7,500 US Federal Tax credit for EVs.
Apple’s new AirPods Max and $99 AirPods could launch next year
They won’t arrive until 2024 at the earliest, according to analyst Ming-Chi Kuo.
Apple is working on an update to the AirPods Max headphones and developing an AirPods “lite” with a $99 target price, according to analyst Min-Chi Kuo. The new products won’t be coming anytime soon, however, with a target release date for the more affordable AirPods no earlier than the second half of 2024. With the AirPods lite (or LE, or whatever Apple decides to call them), Apple would likely be trying to claw back some market share from the many cheap wireless buds on the market. The current AirPods 2 sell for $129, while the AirPods 3 cost $169. Neither offers active noise cancellation, while rivals from companies like Oppo have ANC for under $100.
The best tablets for 2023
We’ve got picks for every ecosystem along with some more affordable options.
Following the release of the 2022 Apple iPad Air and Samsung’s Galaxy Tab S8 line last year, there hasn’t been much movement in the tablet world. Apple’s latest tablet is the revamped 10.9-inch iPad, but at $449, it’s more of an upgrade of, rather than an alternative for, the less expensive 10.2-inch iPad. Amazon launched revamped versions of its Fire HD 8 tablets. While the same company’s e-readers aren’t typically considered tablets, the new Kindle Scribe deserves some consideration thanks to its pen and support for handwritten notes. We break down all the options.
National Transport Safety Board chair says EVs are getting too big and heavy
Bigger batteries may be dangerous in a collision.
In a keynote speech, the National Transport Safety Board NTSB (NTSBNational Transport Safety Board) chair, Jennifer Homendy, said she was worried the size and weight of modern EVs could increase the risk of serious injuries and death. A Hummer EV is over 9,000lbs, the board leader said, while electrified versions of vehicles like the Ford F-150 and Volvo XC40 are far heavier than their gas engine equivalents.
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