Search results for "elon musk"

EXPLAINER: Why has the price of Bitcoin been falling?

Even by Bitcoin’s standards, Wednesday was pretty wild. The price of the famously volatile digital currency fell nearly 30% at one point after the China Banking Association warned member banks of the risks associated with digital currencies. The decline narrowed to below 10% in the afternoon, but Bitcoin had still lost about $70 billion in […]

California places Tesla's 'Full Self-Driving' under review

California’s Department of Motor Vehicles is reviewing whether Tesla is violating a state regulation by advertising its vehicles as being fully autonomous without meeting the legal definition of self-driving. The department confirmed the review Monday in an email to The Associated Press. State regulation prohibits advertising vehicles for sale or lease as autonomous if they […]

Tesla to stop accepting Bitcoin for car payments

Electric car maker Tesla will stop accepting Bitcoin as a payment, CEO Elon Musk tweeted on Wednesday, citing environmental concerns. “We are concerned about rapid increasing use of fossil fuels for Bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel,” Musk said on Twitter. He added that cryptocurrency is a […]

NTSB: Tesla owner got into driver's seat before deadly crash

Home security camera footage shows that the owner of a Tesla got into the driver’s seat of the car shortly before a deadly crash in suburban Houston, according to a government report Monday. But the preliminary report on the crash that killed two men doesn’t explain the mystery of why authorities found no one behind […]

Auto group backs guidelines for partially automated vehicles

The trade association representing most major automakers is offering guidelines for manufacturers to advertise partially automated driving systems and to make sure drivers are paying attention while using them. The Alliance for Automotive Innovation says its members support the voluntary principles, which come as two federal agencies increase scrutiny of Tesla’s Autopilot diver-assist system after […]

Tesla posts $438M 1Q profit on strong electric vehicle sales

Charged up by strong sales of its electric cars and SUVs, Tesla on Monday posted its seventh-straight profitable quarter. The company made $438 million in the three-month period that ended March 31, as sales more than doubled the same period last year to nearly 185,000 vehicles. Tesla said adjusted net income, excluding stock-based compensation, passed […]

Scrutiny of Tesla crash a sign that regulation may be coming

The fiery crash of a Tesla near Houston with no one behind the wheel is drawing scrutiny from two federal agencies that could bring new regulation of electronic systems that take on some driving tasks. The National Highway Traffic Safety Administration and the National Transportation Safety board said Monday they would send teams to investigate […]

India's electric vehicles face practical, technical hurdles

H.S. Panno, an independent contractor living in a spacious two-story penthouse in New Delhi, had his doubts when he bought his first electric car in September. So far, he’s pleased with his savings on gas and maintenance, which are down by more than half, but disappointed with the practical limitations of driving his Nexon XZ+. […]

Turkey unveils space program including 2023 moon mission

Turkish President Recep Tayyip Erdogan unveiled an ambitious 10-year space program for his country Tuesday that includes missions to the moon, sending Turkish astronauts into space and developing internationally viable satellite systems. Erdogan announced the program, seen as part of his vision for placing Turkey in expanded regional and global role, during a live televised […]