Musk: Starlink will lobby for exemption to operate in Iran amidst sanctions STARLINK Starlink will lobby for an exemption to operate in Iran despite the current sanctions, according to the network’s owner Elon Musk. He didn’t specify on Monday night who or which legal authority he planned to lobby to. The comments came night after he tweeted that the service was now active on “all continents, including Antarctica.” [...]
Claimants pile into Dogecoin lawsuit against Elon Musk Dogecoin A $258bn lawsuit accusing Elon Musk of running a “crypto pyramid scheme” to bolster the price of Dogecoin has expanded to include seven new claimants and six defendants, including The Boring Company. The lawsuit, first filed in a New York federal court in June, accuses the world’s richest man of running a ponzi scheme by [...]
Elon Musk: Focus is on releasing self-driving Teslas by the end of the year TESLA Elon Musk is currently focused on releasing self-driving Teslas in the US, and potentially in Europe, by the year’s end. “The two technologies I am focused on, trying to ideally get done before the end of the year, are getting our Starship into orbit … and then having Tesla cars to be able to do [...]
Tesla accused of silencing safety campaigners demonstrating against driverless technology August 25, 2022 Tesla was accused of silencing safety campaigners after it sent a cease and desist letter to US organisation the Dawn Project. In the letter, the electric car titan required the Dawn Project to take down its TV commercials, which show a driverless Tesla running down child-sized mannequins as part of a safety test. According to [...]
Tesla: Former exec’s start-up snatches Moixa for undisclosed sum August 25, 2022 A US battery start-up founded by a former Tesla boss has acquired UK battery firm Moixa. Founded two years ago, the US company will acquire Moixa’s software to ramp up the electrification of homes worldwide. Lunar has raised $300m (£250m) in two funding rounds led by South Korean telecoms giant SK Group and US solar [...]
One dead after Range Rover collides with Tesla and ends up on Underground tracks August 22, 2022 A woman has died following a collision between a Range Rover and Tesla, leaving the 4×4 on the tracks of the London Underground. Met Police officers are asking for witnesses after the dramatic coming-together of the two vehicles in the early hours of the morning in West London. They were called at 3.48am following the [...]
Musk sells $7bn worth of Tesla shares as Twitter battle heads to trial August 10, 2022 Elon Musk has sold nearly $7bn (£5.7bn) worth of Tesla shares as his battle with Twitter over his botched takeover heads to court. Musk, tech entrepreneur and the world’s richest man, will head to trial on 17 October. Musk had sold $8.5bn (£7bn) worth of Tesla shares in April, assuring shareholders that he was not [...]
Tesla shareholders to vote on second stock split in two years August 1, 2022 Tesla shareholders are expected to vote on Thursday whether to green-light the company’s latest stock split – the second in two years. “We believe the stock split would help reset the market price of our common stock so that our employees will have more flexibility in managing their equity, all of which, in our view, [...]
Tesla’s Bitcoin holdings lead to £141.5m impairment charge and £53.3m profit July 26, 2022 Tesla had an impairment charge of $170m (£141.5m) on the carrying value of its Bitcoin holdings, while making a $64m (£53.3m) profit from selling the cryptocurrency in the first half of 2022, the company reported. In a filing with the Securities and Exchange Commission on Monday, the electric automaker said that it must recognise impairment [...]
Elon Musk’s Tesla sheds 75 per cent of its Bitcoin holdings as profits drop July 21, 2022 Tesla has sold 75 per cent of its Bitcoin portfolio as profits slid in the second quarter of the year. The electric automaker announced in its Q2 earnings report that it converted the Bitcoin to $936m (£782m) of cash, with its digital asset holdings now at $218m (£182.4m). Profits fell to $2.3bn (£1.9bn) from a [...]