Tesla recently rolled out an update to its vehicles’ navigation system that makes energy consumption calculations incredibly accurate. The update was released as part of software version 2022.16.0.2. Prior to the update, Tesla’s navigation system predicted a vehicle’s energy usage using data like distance, elevation changes, and other information like the type of wheels that are installed.…
Tesla is both an automotive and technology company all wrapped into one. That said, the hardware (and software) change and evolve over time. Just like computers or mobile phones, Tesla’s vehicles get constant hardware and software updates. In December 2021, Tesla started installing an upgraded accelerated processing unit (APU) in the newly-built Tesla Model 3 and Model Y cars…
The Securities and Exchange Commission (SEC) is cracking down on ESG funds (Environmental, Social, and Governance) that exaggerate their environmental, social, and governance strategy to attract investors. SEC proposed requiring ESG funds to provide proof of their claims. The agency wants funds to disclose how they select companies and vote at annual meetings. ESG funds…
Tesla Giga Shanghai plans to isolate thousands of workers at an old military camp and vacant factories to ensure they remain Covid-free. New workers will finally join Tesla China’s second shift for Gigafactory Shanghai as it maintains a closed-loop setup. According to Bloomberg, second-shift workers must quarantine for 48 to 72 hours before joining the employees…
Tesla CEO Elon Musk has increased his commitment for his planned Twitter takeover to $33.5 billion, new filings show. Musk, who came to terms with Twitter on April 25 to acquire the company for $44 billion, has worked to fund the deal through personal wealth, as well as investments from others. Musk has already received…
Tesla and General Motors material supplier Glencore and Glencore Ltd. pled guilty to several violations to the Foreign Corrupt Practices Act in relation to bribery and commodity and price manipulation. Glencore agreed to pay over $1.1 billion in fines to “resolve the government’s investigations” into illegal acts committed by the Switzerland-based companies. Glencore will pay…
Tesla shares have recently hit 11-month lows, and with it, CEO Elon Musk’s net worth has dropped below $200 billion. Musk has lost about $77.6 billion of his net worth year-to-date. Musk’s wealth is in no small part tied to his ownership of electric vehicle maker Tesla, which he leads. Tesla stock has been under…
Tesla stock (NASDAQ:TSLA) recently fell to an 11-month low, with shares dropping almost 7% on Tuesday. Despite this, Wedbush analyst Dan Ives believes that Tesla stock is way oversold and concerns about CEO Elon Musk’s acquisition of Twitter are getting way overdone. When Elon Musk announced that he had purchased a 9.2% stake in Twitter…
SpaceX appears to be on track to launch its fifth dedicated Falcon 9 rideshare mission as early as 2:27 pm EDT (18:27 UTC) on Wednesday, May 25th, carrying a wide variety of interesting payloads into Earth orbit. SpaceX has reportedly assigned Falcon 9 B1061 to the mission and Transporter-5 will be its seventh launch and landing attempt…
New research from Cambridge Mobile Telematics (CMT), one of the industry’s largest telematics service providers, has found several interesting trends regarding electric vehicle drivers. Among the study’s findings involved Tesla drivers, who were almost 50% less likely to crash while driving a Tesla than when driving other cars. CMT’s research dealt with driving risks for…