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The National Highway Traffic Safety Administration (NHTSA) will resolve its two-year investigation into Tesla Autopilot and could make a public announcement soon, the agency’s acting head told Reuters. “We’ll get to a resolution (of the Tesla probe),” Acting NHTSA Administrator Ann Carlson told Reuters in an interview at the agency’s headquarters. Speaking broadly of advanced…
Elon Musk withdrew a loan of $1 billion (roughly Rs. 83,062 crore) from SpaceX – the two-decade-old rocket company run by the billionaire – around the same time he was acquiring Twitter, now known as X, for $44 billion (roughly Rs. 3,65,442 crore), the Wall Street Journal reported on Tuesday. SpaceX approved the $1 billion (roughly…
Tesla’s pricier-than-expected Cybertruck pickup, which offers driving ranges that fell well short of what CEO Elon Musk had promised, has deeply disappointed some but fascinated others with its futuristic, SUV-like feel. The Cybertruck, two years behind schedule, enters a hot pickup truck market to compete with the likes of Ford’s F150 Lightning, Rivian Automotive’s R1T…
The angular, polarizing design of the Cybertruck will help boost the Tesla brand, the electric vehicle maker’s chief designer said on Thursday, adding that the pickup was no experiment. “Love it or hate it, it’s a conversation starter, and it gets people talking about the brand,” Tesla Chief Designer Franz von Holzhausen said at the…
Tesla Inc. shares pared a steep drop in intraday trading after Chief Executive Officer Elon Musk denied a report saying the carmaker had called off plans for a less-expensive vehicle. The stock fell as much as 6.2% on Friday after Reuters said Tesla had canceled the project, citing anonymous sources and company messages it had…
Satellite startup OneWeb’s past decade has resembled a space opera. Founded by a US entrepreneur and headquartered in London, it has partnered with Google and Elon Musk, supplied Arianespace, attracted investment from Hughes Network Systems and SoftBank Group and fallen into bankruptcy. It was then rescued by the UK government and India’s Bharti Global. The…
Indonesia wants Tesla to make cars — and batteries — locally. That might be the smartest bet Elon Musk can make, and it won’t be so hard. “What we want is the electric car, not the battery. For Tesla, we want them to build electric cars in Indonesia,” President Joko Widodo said in an interview…
Twitter Inc.’s first tweet under the ownership of the world’s richest man was the announcement of a widely anticipated upgrade to its subscription feature. It was also a shot across the bow of the planet’s biggest company, marking a possible showdown that could end up bringing much-needed change to the mobile app industry. Twitter Blue…
Movie and television studio Alcon Entertainment on Monday sued Tesla and Warner Bros Discovery over claims they used images tied to the film “Blade Runner 2049” to promote Tesla’s new autonomous cybercab. Alcon’s California federal lawsuit alleged violations of US copyright law and accused Tesla of “false endorsement” for suggesting a relationship between Alcon and…
Elon Musk has good reason to laugh at those naysayers who predicted Twitter would crash as soon as he laid off half its workforce. Without engineers to keep it going, opined the critics, the platform would collapse. Two months later, the social media site is still alive and may have even grown.Its demise, however, is…
