Tesla pushes back against reports on Model 3 cancellations

Elon Musk speaking at a conference
Elon Musk speaking at a conference. Photo: Mark Brake/Getty Images

Customers have been cancelling orders on Tesla's Model 3 car as production ramped up — which Elon Musk promised. However, the company refuted those claims in a statement to Axios explaining that despite reports, Model 3 reservation counts were still near 420,000 at the end of the second quarter and nearly 30,000 vehicles have been delivered.

The big picture: The report claims customers are canceling their orders for a handful of reasons including extended wait times, the expiration of a $7,500 tax credit on the cars customers were promised, and the fact that the base $35,000 model of the car is not yet available for purchase. Tesla is saying these figures are incorrect.

AT&T expands its 5G Network to mid-sized cities

AT&T's logo in New York
AT&T logo in New York. Photo: Roberto Machado Noa/LightRocket via Getty Images

AT&T is bringing its 5G network technology to Raleigh, Charlotte and Oklahoma City in 2018, the company announced on Friday.

The big picture: While AT&T is bringing 5G connectivity to cities that aren't in major markets, the cities that are on their list overlap with the list of tech centers around the country, the Herald Sun reports. Company executives believe the improved network will support "similar advances in other fields, most notably the auto industry’s move to introduce driverless vehicles." The upgrade closely follows the announcement that the 2020 Republican National Convention will be held in Charlotte.

Facebook suspends data analytics firm over possible violations

Facebook logo
The Facebook logo on a phone. Photo: Jaap Arriens/NurPhoto via Getty Images

Facebook has temporarily suspended Crimson Hexagon, a data analytics firm, over a potential data-sharing policy violation, reports the Wall Street Journal.

Why it matters: Facebook believes the company may have had deals to analyze data for outside clients including United States government agencies and a Russian organization with ties to the Kremlin. This comes on the heels of Facebook's controversy with Cambridge Analytica where the company improperly sold information about 87 million Facebook users.