🚗 Tesla is investing $500 million in building a Dojo supercomputer at its New York Gigafactory. 💡 The announcement was made during a state budget briefing by New York Governor Kathy Hochul. 💰 The project includes a $500 million investment and coincides with the construction of an AI supercomputer at the State University of New…
🔄 Tesla reported weak earnings, leading to a 12% stock drop after a criticized conference call. 🔍 Analyst Dan Ives suggests 10 turnaround ideas for Tesla’s stock recovery. 💰 One idea is a $10 billion share buyback to instill investor confidence. 🧠 Proposes creating an “X Holding” structure for AI initiatives, giving Elon Musk more…
🚗 Tesla confirms a new Model 3 Performance configuration is in the works. 📅 Timing and specific changes for the new configuration are yet to be disclosed. 🔄 Earlier in 2024, Tesla removed the Performance option, which qualified for the EV Tax Credit. 🌎 With the global rollout of the new Model 3 ‘Highland,’ currently,…
💻 Tesla’s Infotainment System hacked at Pwn2Own 2024 Event in Tokyo, marking the second system infiltration this week. 🕵️♂️ Synacktiv, a known group in previous Tesla hacks, successfully infiltrated the Infotainment System using a 2-bug chain. 🏆 Synacktiv earned $100,000 and 10 Master of Pwn points for the hack, leading in the overall event. 🔒…
🚗 A high-profile pedestrian accident involving Cruise’s robotaxi in October prompted an independent review with intriguing findings. 🎥 Cruise’s efforts to share a video of the accident with regulators were allegedly hindered by bad internet connectivity. 📑 The Quinn Emanuel Urquhart & Sullivan law firm, hired by Cruise, outlined the conclusions in a report. 🤖…
💰 Tesla has generously donated $600,000 to the P-TECH Manufacturing Studio in the Del Valle International School District (DVISD). 🏫 The donation will specifically aid in purchasing equipment for the Gigafactory Texas P-TECH Manufacturing Studio, currently under construction. 🚀 The studio, adjacent to Del Valle High School, is anticipated to open its doors by the…
🚗 Volkswagen ID.4 units with SK ON battery components in Model Year 2023 and 2024 are eligible for a full $7,500 federal tax credit. 🔋 The tax credit applies to both Standard and Pro variants, with different battery capacities and ranges. 💰 Customers can apply the tax credit as a down payment for the vehicle…
📈 ARK Invest bought over $5 million in Tesla stock after a 12.13% slide in share price. 📊 148,246 shares were purchased in the $ARKK ETF (Innovation Fund), and 29,624 in the $ARKW (Next Generation Internet ETF). 💰 Purchase price based on Tesla’s closing price of $182.63 on Thursday is approximately $5.5 million. 📅 ARK…
🚗 Porsche unveiled the Macan EV, its second all-electric car, with a focus on performance and power. ⚡ Two configurations will be available: Macan 4 and Macan Turbo, offering different performance metrics. 🔄 The Macan EV features a lithium-ion battery with a 100 kWh capacity and 800-volt architecture, enabling fast charging (10-80% in 21 minutes).…
🌎 Tesla announces that the Model Y was the best-selling vehicle globally in 2023. 📈 The Model Y achieved this remarkable feat just four years after it began customer deliveries. 🚗 Elon Musk had predicted in Q1 2021 that the Model Y would become the best-selling car in the world, and the prediction came true…