“We were delighted to learn that you are considering building a factory in Russia,” the ministry said in a tweet on Friday. Just hours earlier, the US-based billionaire revealed that Tesla is exploring opportunities for selling its electric cars in Russia and neighboring nations – including opening a production hub there. …
Read More »Tesla looking at Russia as a potential production hub – Elon Musk
Apart from the US, the automaker has already launched two production sites in the Chinese municipality of Shanghai, and is considering opening facilities in other parts of the world, Musk said via a video link at a forum on Russian education in Moscow on Friday. The company is reportedly also …
Read More »Going green on Elon: Tesla hit with second Solar Roof lawsuit as customer says price was more than DOUBLED after contract signed
The lawsuit, which was filed in California this week, is led by Matthew Amans, an associate professor of clinical radiology at the University of California San Francisco. Amans had ordered the company’s Solar Roof for his home in June 2020, according to his suit. He agreed to pay $71,662.06, but …
Read More »Musk says Tesla SUSPENDING Bitcoin use, citing environmental impact
“We are concerned about rapidly increasing use of fossil fuels for Bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel,” Musk tweeted on Wednesday evening. Tesla doesn’t intend to sell any of the Bitcoin it currently holds, however, but will hold on to it until …
Read More »Tesla admits Elon Musk is exaggerating about ‘full self-driving’ cars before end of year – reports
A DMV memo – obtained through a public records request by PlainSite – claims that a boast from Musk about self-driving cars “does not match engineering reality,” based on a conversation with the director of the Autopilot software, CJ Moore. “Tesla is at Level 2 currently,” the department wrote. Level …
Read More »Is Musk turning Tesla into a cryptocurrency hedge fund? RT’s Boom Bust explores
RT’s Boom Bust talks to Octavio Marenzi of Opimas LLC about the company’s report and the role of bitcoin there. Tesla’s quarterly results are “pretty encouraging,” according to the analyst. “What is kind of weird, is this whole thing with bitcoin and a hundred million dollars of bitcoin gains added …
Read More »Elon Musk draws flak after claiming data logs clear Tesla’s ‘Autopilot’ of blame in fatal ‘driverless’ vehicle crash
Law enforcement authorities are expected to serve warrants to the carmaker on Tuesday to secure data logs from the accident, according to a Reuters report citing a senior police source. On Saturday night, the fully electric 2019 Tesla Model S caught fire after crashing at speed into a tree near …
Read More »Tesla & Bitcoin are perfect bedfellows – one’s an overhyped, risky investment likely to end in tears, and the other… is the same
Saint Elon is a social-media megastar and millennial pied piper. His vast persona and wealth have been created by internet hype, cosy government deals, insane valuations and a lack of regulatory enforcement. Musk’s Tesla shares are the most traded on any exchange in history, with nearly $43 billion worth of …
Read More »Bitcoin jumps after Musk says crypto will be accepted as payment for Tesla cars
“Tesla is using only internal & open source software & operates Bitcoin nodes directly,” Musk wrote late Tuesday on Twitter, adding that “Bitcoin paid to Tesla will be retained as Bitcoin, not converted to fiat currency.” In a follow-up tweet, the businessman announced: “You can now buy a Tesla with …
Read More »Tesla will ‘get shut down’ if used for spying in any country, Musk says after reports of restrictions on vehicles in China
“If a commercial company did engage in spying, the negative effects to that company would be extremely bad,” Musk said at the China Development Forum, which he attended via video link. “For example, if Tesla used the cars to spy in China – or anywhere, any country – we will …
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