Due to chip shortages, desperate purchasers report more wire fraud

wire fraud

ERAI Inc said in 2021 there were 101 wire fraud cases reported to the U.S.-based firm. That’s up from 70 in 2020 and 17 five years ago. Most of the wire fraud was by chip brokers in China, ERAI president Mark Snider said. A serious semiconductor deficiency has brought about record wire extortion cases last … Read more

Elon Musk explains why Tesla’s pricing have been rising

Elon Musk explains why Tesla's pricing have been rising.

Tesla’s Model 3 and Model Y vehicle prices have just risen. The electric-car manufacturer raised rates for the fifth time in a few months in May. The firm has kept silent on the reason for the increase. That is, until now. Tesla CEO Elon Musk tweeted on Monday, May 31. He stated the reason behind … Read more