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Tesla is breaking up the team behind its Dojo supercomputer, ending the automaker’s play at developing in-house chips for driverless technology, according to Bloomberg. Dojo’s lead, Peter Bannon, is leaving the company, and the remaining team members will be reassigned to other data center and compute projects within Tesla, per Bloomberg’s reporting, which cited anonymous…
A jury in federal court in Miami has found Tesla partly to blame for a fatal 2019 crash that involved the use of the company’s Autopilot driver assistance system. The jury assessed punitive damages only against Tesla, CNBC reported. The punitive fines coupled with a compensatory damages puts the total payments to around $242.5 million….
A jury in federal court in Miami has found Tesla partly to blame for a fatal 2019 crash that involved the use of the company’s Autopilot driver assistance system. The jury awarded the plaintiffs $329 million in punitive and compensatory damages. Neither the driver of the car nor the Autopilot system braked in time to…
Several months ago, Tesla dealerships in several Western states were under attack from gunfire and arson in response to company owner Elon Musk’s role in reelecting President Donald Trump and then working on his behalf to dismantle a slew of federal government agencies. Now, in his own attempt to Make America Great Again, he’s opened…
GM’s EVs have been on a roll lately. After selling just the Chevy Bolt for years, a wave of new models — now up to 17 fully electrified vehicles — has pushed the automaker into second place in the U.S. behind Tesla. How did it get there? With a little help from a Tesla veteran….
Tesla is launching an even-more-limited version of its early robotaxi service in San Francisco this weekend, according to Business Insider, after an initial rollout began last month in Austin, Texas. The company plans to send invites to Tesla owners to test the service, according to the report. Depending on how and if Tesla proceeds, its…
Tesla’s retro-themed diner opened this week with lines around the block, but that didn’t stop the stock from dipping after hours as it reported its Q2 earnings. Tesla shares slumped nearly 5% in after-hours trading as it reported mixed results in the June quarter, caused mainly by a slump in automotive revenue. Its Bitcoin holdings…
Tesla’s first-ever diner has officially opened its doors in Hollywood, California. The Tesla Diner & Drive-In at 7001 Santa Monica Boulevard represents more than just another restaurant; it’s a carefully crafted destination that merges nostalgic 1950s aesthetics with cutting-edge electric vehicle infrastructure. Designer: Tesla Located just steps from Hollywood’s famous Walk of Fame, this unique…
SpaceX transferred $153 million in Bitcoin as political tensions rise and the Pentagon opens defense contracts to new bidders. SpaceX has moved 1,308 Bitcoin, worth approximately $153 million, in its first onchain activity in three years. The movement was flagged by Arkham Intelligence, which tracks wallets tied to the company. The Bitcoin (BTC) was withdrawn from…
Few companies have grown as quickly as Tesla, especially just before and after the company launched the Model 3, its first affordable EV. “We scaled Tesla in 30 months from $2 billion in revenue to $20 billion in revenue,” Jon McNeil, the former president of Tesla who is now co-founder and CEO of DVx Ventures,…