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Elon Musk's Tesla seeks to guard crash data from public disclosure
Economic Times
·
2m ago
Medial
Tesla is seeking a court ruling to prevent the public release of its vehicle crash data, claiming it could harm its competitive edge. Tesla argues this information, held by the US National Highway Transportation Safety Administration, is confidential and could be exploited by competitors. This comes in response to a lawsuit by The Washington Post demanding crash records while using driver-assistance systems. Tesla emphasizes its self-driving software needs active driver supervision and isn't fully autonomous.
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Judge finds evidence that Tesla, Elon Musk knew about Autopilot defect
Economic Times
·
1y ago
Medial
A Florida judge ruled that there is "reasonable evidence" that Elon Musk and other Tesla managers were aware of the defects in the Autopilot system but still allowed the vehicles to be driven unsafely. This ruling allows the plaintiff in a lawsuit over a fatal crash to proceed to trial and seek punitive damages against Tesla for intentional misconduct and gross negligence. The judge found that Tesla engaged in a marketing strategy portraying their products as autonomous, and Elon Musk's public statements had a significant impact on people's belief in the capabilities of the vehicles.
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Elon Musk Claims Tesla Employee's Fatal Crash Had Nothing to Do With Full-Self-Driving
Gizmodo
·
1y ago
Medial
Elon Musk disputes the Washington Post's report of a Tesla crash that potentially involved the Full-Self-Driving (FSD) feature. Musk claims the software was not even downloaded, contrary to what the report stated. The fatal crash occurred in 2022 near Denver, Colorado, involving a Tesla employee who was reportedly using FSD on a mountain road. However, both the driver and passenger were intoxicated at the time of the incident. The investigation into the crash is ongoing, and Colorado police could not access the car's data due to the intensity of the fire. Critics argue that FSD's experimental nature makes it risky for public road usage. Tesla and Musk have previously defended the technology as safer than human drivers.
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Elon Musk gets more time to respond to US SEC lawsuit over Twitter stake
Economic Times
·
2m ago
Medial
The U.S. Securities and Exchange Commission extended Elon Musk’s deadline to respond to a lawsuit alleging his delayed disclosure of a significant Twitter stake in 2022. The agreement pushes the response date to July 18, instead of June 6. The SEC claims Musk's delayed disclosure enabled him to purchase over $500 million in Twitter shares at lower prices, impacting investors. The lawsuit seeks a civil fine and forfeiture of unjust profits.
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xAI, Elon Musk’s OpenAI rival, is closing on $6B in funding and X, his social network, is already one of its shareholders
TechCrunch
·
1y ago
Medial
Elon Musk's AI venture, xAI, is securing $6 billion in funding, valued at $18 billion pre-money, attracting interest from prominent investors like Sequoia Capital and Future Ventures. xAI aims to integrate data from Musk's various companies to enhance its AI capabilities, impacting projects from Tesla to SpaceX. This funding round emphasizes xAI's growing influence in the AI sector.
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Tesla gets first in a series of permits it needs to run robotaxis in California
Economic Times
·
4m ago
Medial
Tesla received initial approval from California to potentially launch a robotaxi service. The California Public Utilities Commission granted the company a transportation charter-party carrier permit, which allows operating a vehicle fleet for pre-arranged trips. However, this permit doesn't authorize autonomous public ride services. Tesla still needs additional permits from the California DMV and CPUC for a fully operational robotaxi service. Despite CEO Elon Musk's focus on robotaxis, further applications and approvals are necessary.
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Elon Musk lashes out at state of US financial markets says, ‘immense pressure..'
Livemint
·
1y ago
Medial
Tesla CEO Elon Musk criticized the state of the US financial markets, highlighting the regulatory pressure faced by public companies like Tesla. He mentioned the limitations imposed by shareholder pressure and the influence of a few major stock pickers due to passive investing. Musk also discussed the advantages of keeping Tesla public for accessing capital but acknowledged the freedom to take more risks by not taking SpaceX public. This comes in the context of Musk's recent acquisition of Twitter and his decision to take it private.
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US Supreme Court rejects X Corp's surveillance disclosure challenge
Economic Times
·
1y ago
Medial
The US Supreme Court has rejected a request from Elon Musk's X Corp (formerly Twitter) to publicly disclose the frequency of federal law enforcement seeking information about users for national security investigations. The court declined the appeal, supporting a lower court ruling that the FBI's restrictions on public disclosure did not violate X's free speech rights. The case, filed in 2014 and unrelated to Musk's acquisition of Twitter in 2022, sought to establish clear standards for tech companies in speaking about government demands for confidential user information.
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‘Send Musk to Mars’: Worldwide protests erupt as Tesla faces backlash over Elon's politics
Business Today
·
5m ago
Medial
Elon Musk's political activities are under scrutiny, leading to global protests and backlash against Tesla. Concerns stem from Musk's policies affecting environmental and labor issues. His strategic involvement in government efficiency is a major point of criticism. The protests and vandalism indicate significant challenges for Tesla as it deals with the consequences of Musk's political ties and decisions.
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Elon Musk Is Moving SpaceX to Texas After Spat With Delaware Judge
Gizmodo
·
1y ago
Medial
SpaceX is moving its incorporation location from Delaware to Texas, following a ruling against Elon Musk's pay package from a Delaware judge. Musk had already filed to move his other company, Neuralink, to Nevada. Moving Tesla out of Delaware may be more challenging as it is a public company. SpaceX already has a presence in Texas with its spaceport in Boca Chica and a planned office and factory in Brownsville. Musk's recommendation to other companies is to move from Delaware to another state.
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Weekly Tech Recap: Checkout the top news in the world of technology
Livemint
·
1y ago
Medial
This week in the world of technology, Elon Musk postponed his visit to India due to Tesla obligations, OpenAI countered Musk's claims of abandoning altruism, YouTube announced a crackdown on ad-blockers, Google launched the public beta of Android 15, and Apple removed WhatsApp and Threads from its Chinese App Store based on national security concerns.
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