Home Seller Offers a Free Tesla! | Tech News

Home Seller Offers a Free Tesla!

The listing for a new 7-bedroom house in the suburbs of Auckland, the nation’s largest city, is offering one of Tesla Model Y cars.

| Updated on: Nov 17 2022, 21:27 IST
Elon Musk Twitter Bankruptcy Talk: Timeline
1/13 He’s told employees to brace themselves for long hours, that “the road ahead is arduous and will require intense work to succeed,” and said bankruptcy was possible. Here’s how the saga is unfolding: (Bloomberg)
2/13 Oct. 27: Musk takes control- His first act is to fire the Board along with CEO Parag Agrawal, CFO Ned Segal, head of legal Vijaya Gadde and Counsel Sean Edgett. Musk forms advisory team that includes celebrity attorney Alex Spiro, VC David Sacks, Neuralink CEO and head of Musk’s family office Jared Birchall, investor Jason Calacanis, and partner of Andreessen Horowitz Sriram Krishnan. (Reuters)
3/13 Oct. 28: Brands begin to take pause- As Musk plans to unban accounts and says he will charge for user verification, advertisers suspend ads. (AFP)
4/13 Oct. 31: Top tweeters protest- Amid murmurings of plans to charge existing verified accounts, author Steven King tweets, “$20 a month to keep my blue check? F**k that, they should pay me. If that gets instituted, I’m gone like Enron.” (AFP)
5/13 Nov. 1: Teams working around the clock- The product team works over the weekend on Musk’s idea to charge users for blue check marks. A photo of product director Esther Crawford sleeping on the floor of a conference room, trying to make the deadline, goes viral. Meanwhile, managers are asked to make lists of who can be fired. Employees print out their software code for review by Musk and engineers from Tesla, to determine if their contributions are worthy of keeping a job. (REUTERS)
6/13 Nov. 3: Massive layoffs begin- A memo is sent to all employees telling them of imminent layoffs and to watch for an email with the subject line: “Your Role at Twitter.” Badge access to offices is suspended as 3,700 staffers receive word that they’ve been cut. Realizing employees essential for the continuity of the business have been let go by mistake, some are asked to come back. (AP)
7/13 Co-founder EV Williams tweets, “Heart’s out to the tweeps getting laid off today.” Co-founder Jack Dorsey adds, “I realize many are angry with me. I own the responsibility for why everyone is in this situation: I grew the company size too quickly. I apologize for that.” (REUTERS)
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8/13 Nov. 5-6: Musk responds to celebrity protests- Unrest grows on the platform over the weekend, particularly over the issue of impersonator accounts. Actress Valerie Bertinelli starts a movement of people changing their Twitter names to “Elon Musk.” Comedian Kathy Griffin joins the protest, finds her account locked. Then Musk announces, “Going forward, any Twitter handles engaging in impersonation without clearly specifying `parody’ will be permanently suspended.” (AP)
9/13 Nov. 8: Musk sells more Tesla- Despite a previous vow not to sell any more Tesla stock, Musk sells an additional $3.95 billion, bringing the total sold in past year to $36 billion. (REUTERS)
10/13 Nov. 9: Musk Blue tick mark- Blue check mark option becomes available for purchase, and immediately becomes a tool for impersonators. An account masquerading as Nintendo Inc. posts an image of Super Mario holding up a middle finger. (REUTERS)
11/13 Tesla and SpaceX CEO Elon Musk, and a close cadre of advisers are considering a host of changes to the way Twitter is run and makes money. (REUTERS)
12/13 Nov. 10: More key executives quit as Musk warns of bankruptcy- In his first meeting with employees, Musk tells them to brace for 80-hour weeks and requires everyone back in the office full time. He also says bankruptcy for the company is not out of the question if it doesn’t start generating more cash. Several executives in charge of keeping Twitter safe and accountable to its users quit, including chief information security officer Lea Kissner, chief privacy officer Damien Kieran and chief compliance Marianne Fogarty.. (AFP)
13/13 Nov. 11: Verified accounts get “Official” tags- Twitter adds badges that say “offiical” to verified accounts in some places, though confusion abounds. More brands depart the platform. (REUTERS)
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The supply of homes for sale rose 43% year-on-year last month, according to the Trade Me property auction site, further driving down prices. (AP)

A homeowner in New Zealand's rapidly cooling housing market is turning to an unusual way to attract buyers -- by offering a free Tesla car.

The listing for a new 7-bedroom house in the suburbs of Auckland, the nation's largest city, is offering one of Tesla Inc.'s Model Y cars, an indication of the lengths sellers are going to advertise homes as jumping borrowing costs hurt demand.

The advertisement, by real estate agents Barfoot & Thompson is headlined: “Brand new Tesla and brand new home.”

Aggressive interest rate hikes by central banks worldwide have caused a global slump in housing markets, with New Zealand being one of the hardest hit. The supply of homes for sale rose 43% year-on-year last month, according to the Trade Me property auction site, further driving down prices.

Residential property prices in October released Thursday by the site also show that the asking price for an average house in Auckland fell 3.4% compared to the same month last year. That follows a broader 7.5% slide in median property prices in October since the same period last year, according to the Real Estate Institute of New Zealand.

The downturn is not expected to ease soon, with the central bank tipped to continue its yearlong tightening cycle later this month and lift the benchmark rate another 75 basis points to 4.25% to rein in inflation.

That's meant sellers are having to resort to unorthodox ways to promote homes which now take an average of 44 days to sell according to REINZ, nearly double the time it took to do so in early-2021. In a rare exception, Barfoot & Thompson real estate agent Prince Kapoor, who is selling the property, said he was confident they would get in the region of the NZ$1.8 million ($1.1 million) asking price.

“It's 100% going crazy since the ad went up, we're getting a lot of inquiries,” Kapoor said by phone. “We should sell the property within the week.”

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First Published Date: 17 Nov, 21:24 IST