Musk

Musk makes U-turn on use of Bitcoin for Tesla car purchases

Optimism grew after Mastercard Inc., Bank of New York Mellon Corp. and other firms moved to make it easier for customers to use or invest in cryptocurrencies, fueling the mainstream resurgence that took Bitcoin from about $29,000 at the end of last year to as high as almost $65,000 in April.

Bitcoin mining is consuming 66 times more electricity than it did back in late 2015, and the carbon emissions associated with it will likely face increasing scrutiny, according to a recent Citigroup Inc. report.

Musk is no stranger to considering the issue of crypto’s environmental impact.

Cathie Wood’s Ark

read more

Tesla Shares Slide on Shanghai Plan Halt: Musk Polls On Dogecoin

Tesla  (TSLA) – Get Report shares extended their recent declines Tuesday following a report that the clean-energy carmaker has halted plans to expand its Shanghai gigafactory amid tensions with officials in Beijing. 

Shares were also pressured by data from the China CPCA which showed Tesla selling 25,845 cars in April, down 27.1% from the previous month.

Reuters reported Tuesday that Tesla had looked into the idea of expanding its Shanghai operations — which currently has a production capacity of 500,000 cars a year — into a global export hub that would ultimately send Model 3 sedans to the

read more

Elon Musk Autographs Toy Tesla Car, Asks Fans About Dogecoin Ahead Of ‘SNL’ Performance – Tesla Motors (TSLA)

Tech tycoon and CEO of electric automaker Tesla Inc. (NASDAQ:TSLA) Elon Musk was asked to tout Dogecoin (CRYPTO: DOGE) during his appearance on “Saturday Night Live” on May 8.

What Happened: A video of Musk signing autographs on the streets of New York shows him asking what the people who surrounded him think he should do during his Saturday Night Live appearance, to which many answered chanting “DOGE.”

He then asked if DOGE

read more

Tesla’s Elon Musk on why self-driving cars are not mainstream yet

Fully “unsupervised, generalized self-driving” isn’t there quite yet, according to Tesla founder and CEO Elon Musk

TESLA’S BITCOIN STASH SWELLS TO $2.4 BILLION

“A major part of real-world AI has to be solved to make unsupervised, generalized full self-driving work, as the entire road system is designed for biological neural nets with optical imagers,” Musk tweeted Thursday.  

Although self-driving technology has made “great progress,” Musk disclosed in a recent earnings call with investors that it’s “one of the hardest technical problems” that has potentially ever existed. 

“In order to solve it, we basically

read more

Elon Musk Raises More Questions About Fatal Tesla Crash and Self-Driving Cars

Text size

Tesla’s Model S.


Winnietam/Dreamstime.com


Tesla

has a long list of questions from investors about a fatal crash in Texas that involved one of its cars. But even a few days on, the electric-vehicle pioneer doesn’t have many definitive answers.

Two men died Saturday night when the 2019 Model S veered off the road, ran into a tree and caught fire. One was on the front passenger side, the other was in the back seat, a local official told an ABC affiliate.

That no one was behind the wheel raises the question of whether Tesla’s (ticker: TSLA) Autopilot

read more

Elon Musk refutes initial findings from deadly Tesla Model S crash

There are no self-driving cars on sale today. Period.


Tim Stevens/Roadshow

A crash involving a Tesla Model S left two people dead Sunday after the car collided with a tree and caught fire, according to local NBC News affiliate KPRC 2 in Spring, Texas. Authorities say an investigation into the crash is ongoing, though the consensus so far is neither of the two men involved in the crash were driving the Model S at the time of impact. On Monday, Tesla CEO Elon Musk spoke out on Twitter to refute initial findings from the early investigation, as two federal agencies

read more