Tesla chief executive Elon Musk says company will no longer accept Bitcoin as payment for vehicle purchases

Tesla Inc will no longer accept bitcoin for car purchases, Chief Executive Elon Musk said on Wednesday, citing long-brewing environmental concerns for a swift reversal in the company’s position on the cryptocurrency. Bitcoin fell more than 10% after Musk tweeted his decision to suspend its use, less than two months after Tesla began accepting the… Read More Tesla chief executive Elon Musk says company will no longer accept Bitcoin as payment for vehicle purchases

Tesla reaches settlement with former engineer over Autopilot technology source code

Tesla Inc has settled a lawsuit against a former employee who copied the source code of the electric vehicle (EV) maker’s Autopilot technology, according to a U.S. district court filing dated April 15. Tesla filed the lawsuit in 2019, saying its employee Cao Guangzhi, who worked at Tesla for two years, copied the source code… Read More Tesla reaches settlement with former engineer over Autopilot technology source code

Tesla says car cameras not activated outside North America

Cameras in Tesla cars are not activated outside of North America, the U.S. automaker said on its Chinese social media page on Wednesday, seeking to assuage security concerns in the world’s biggest car market. Tesla faces scrutiny in China where the military in March banned Tesla cars from entering its complexes, citing security concerns over… Read More Tesla says car cameras not activated outside North America

Tesla chief Elon Musk says vehicles can now be bought using bitcoin

Tesla Inc chief Elon Musk said on Wednesday the company’s electric vehicles can now be bought using bitcoin and the option will be available outside the United States later this year. “You can now buy a Tesla with bitcoin,” he tweeted on Wednesday, adding that bitcoin paid to Tesla will not be converted into conventional… Read More Tesla chief Elon Musk says vehicles can now be bought using bitcoin

Tesla set to acquire German battery assembly company ATW Automation

Tesla Inc has agreed to acquire German ATW Automation, a supplier assembling battery modules and packs for the auto industry, a source familiar with the transaction said on Friday. ATW, a subsidiary of Canadian ATS Automation Tooling Systems Inc, was on the brink of liquidation due to a slump in orders, German media reported in… Read More Tesla set to acquire German battery assembly company ATW Automation

Tesla wins case against former employee Martin Tripp over alleged hack and transfer of company data

U.S. electric carmaker Tesla Inc won its case against a former employee, who was fired for hacking and transferring company data to third parties, according to court documents filed on Thursday. Tesla had filed a lawsuit against Martin Tripp, who formerly worked at the Tesla Gigafactory in Nevada, in 2018 claiming that he had admitted… Read More Tesla wins case against former employee Martin Tripp over alleged hack and transfer of company data

GM, Nikola to partner in the production of electric trucks

General Motors Co and electric truck startup Nikola Corp will join forces to build electric pickup trucks and fuel cell commercial trucks to take on Tesla Inc, in a deal that lifted shares in both companies on Tuesday. As part of a multi-part, multibillion-dollar deal, GM received an 11% stake in Nikola, valued at about… Read More GM, Nikola to partner in the production of electric trucks

South Korea launches investigation into safety issues in Tesla vehicles

South Korea said it is investigating suspected safety issues with vehicles made by U.S. automaker Tesla Inc, which is competing strongly with Hyundai Motor Co in the South Korean electric vehicle market. Braking and steering systems including the Autopilot function were part of the investigation, a transport ministry official said on Wednesday. The ministry declined… Read More South Korea launches investigation into safety issues in Tesla vehicles