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Insane World

Tesla on Autopilot crashes into stationary police car on Florida highway

A Tesla has hit an emergency vehicle, apparently while using the Autopilot driver-assist feature, adding to a problem that is already the subject of a federal safety probe. The Florida Highway Patrol reported the accident before 5:00am on Saturday along Interstate 4 in Orlando. No one was seriously injured in the crash, though the Tesla […]

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Insane World

Jeff Bezos’s Blue Origin sues NASA for awarding lunar lander contract to Elon Musk’s SpaceX

Jeff Bezos’s owned space firm Blue Origin is suing Nasa for awarding a $2.9 billion lunar lander contract to Elon Musk’s SpaceX. The former Amazon boss’s firm said there were “fundamental issues” with the deal, calling it unfair. The row stems from a decision in April to hand the deal to one company, not two […]

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Insane World

United States opens safety probe into autopilot system of Tesla vehicles

The United States regulator opened a formal safety probe into Tesla Inc’s driver assistance system Autopilot after a series of crashes involving emergency vehicles. The National Highway Traffic Safety Administration (NHTSA) said that since January 2018, it has identified 11 crashes in which Tesla models “have encountered first responder scenes and subsequently struck one or […]

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Business

Tesla’s profits surge despite shortage of semiconductor chips, congestion at ports

Tesla has reported surging profits, despite shortages of semiconductor chips and congestion at ports hampering production. Sales rose to $12 billion in the three months to the end of June, up from $6 billion a year ago, when its US factory was shut down. The electric carmaker said it delivered a record 200,000 cars to […]

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Business World

Tesla recalls more than 285,000 vehicles in China over safety risk concerning cruise control

American electric vehicle company Tesla began recalling more than 285,000 vehicles in China on Saturday over a safety risk concerning the vehicle’s cruise control feature. The cruise control system in certain models can be activated when drivers try to shift gears or accidentally touch the gear selector, resulting in accidental acceleration, according to China’s State […]

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World

Elon Musk makes crypto jump after his tweet says Telsa will allow Bitcoin when mining becomes clean

Elon Musk tweeted that his electric car company Tesla will resume allowing Bitcoin transactions when miners who verify transactions use more renewable energy. “When there’s confirmation of reasonable (~50 percent) clean energy usage by miners with a positive future trend, Tesla will resume allowing Bitcoin transactions,” he said in a tweet on Sunday. Bitcoin surged […]

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World

Elon Musk is ‘another rich dude desperate for attention’: Hacktivist target Tesla CEO for playing games with crypto market

A decentralised international hacktivist group, Anonymous, has threatened Tesla CEO Elon Musk to “expect” them, saying the games played by the entrepreneur with crypto markets seemed to have destroyed lives. In a video posted on the Facebook page of Anonymous, the hackers said that the “carefully curated” image of Elon Musk is getting exposed, and […]

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World

US to deport Russian man who got caught attempting to hack into Tesla’s Nevada battery plant

Russian man who tried to hack into Tesla plant in the United States would be deported back. Egor Igorevich Kriuchkov, was sentenced on Monday to what amounted to time already served and will be deported from the United States after pleading guilty to trying to pay a Tesla employee $500,000 to install computer malware at […]

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Business

Elon Musk hints at Tesla holding onto Bitcoin despite crash 💎

The market value of Tesla Inc’s bitcoin holdings fell by half to $1.26 billion, close to the electric car maker’s purchase cost, as the cryptocurrency’s value plunged following a crackdown by the Chinese government. On Wednesday Chief Executive Elon Musk signalled that the company still is not selling, tweeting symbols for diamond hands to his […]

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Business Insane

Elon Musk loses 2nd richest tag to Louis Vuitton’s Bernard Arnault as Tesla stocks tumble

Elon Musk, Tesla Inc.’s chief executive officer lost his spot as the world’s second-richest person to LVMH Chairman Bernard Arnault as the electric vehicle-maker’s shares fell 2.2% amid fresh signs of trouble in its China business. Musk, who held the top spot in the Bloomberg Billionaires Index as recently as March, now has a fortune […]

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Social Media Reactions

Elon Musk hints at Tesla ‘dumping’ Bitcoin holding worth $1.5 billion

Billionaire Elon Musk has hinted that Tesla could have dumped the remainder of its Bitcoin holdings in a cryptic tweet posted on Sunday. Tesla bought about $1.5 billion worth of Bitcoin back in February, around the time it announced it would accept the cryptocurrency as payment for its products. However, it was revealed earlier this […]

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Insane

Tesla driver arrested after cops spot him driving Tesla on autopilot from backseat

A Tesla driver in California was arrested after he was snapped driving down sitting at the backseat of his ‘autopilot’ car. The Golden Gate division of the California Highway Patrol arrested 25-year-old Param Sharma for ‘reckless driving’ and disobeying the police officer. His Tesla car was also towed as evidence for the investigation. On May […]