Tag Archives: car

* Decision comes just weeks after Tesla began accepting bitcoin * Tesla will retain bitcoin holdings * Musk reiterates faith in cryptocurrencies * Bitcoin “mining” under environmental spotlight (Adds fresh analyst comments in paragraphs 11-17) By Hyunjoo Jin and Kanishka Singh May 12 (Reuters) – 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… Source link

Just weeks after Tesla started accepting Bitcoin as currency for cars, Elon Musk revealed in a tweet that it will “suspend” the effort. According to the release (Tesla does not appear to have a functioning press office), the company is “concerned about rapidly increasing use of fossil fuels for Bitcoin mining and transactions.”  A study last year estimated bitcoin mining used 7.46 GW of electricity on average, and the same study puts the number right now at 16.71 GW. That would represent… Source link

SAN RAMON, Calif. (AP) — The executive who steered the transformation of Google’s self-driving car project into a separate company worth billions of dollars is stepping down after more than five years on the job. John Krafcik announced his departure as CEO of Waymo, a company spun out from Google, in a Friday blog post that cited his desire to enjoy life as the world emerges from the pandemic. “I’m looking forward to a refresh period, reconnecting with old friends and family, and… Source link

SAN RAMON, Calif. (AP) — The executive who steered the transformation of Google’s self-driving car project into a separate company worth billions of dollars is stepping down after more than five years on the job. John Krafcik announced his departure as CEO of Waymo, a company spun out from Google, in a Friday blog post that cited his desire to enjoy life as the world emerges from the pandemic. “I’m looking forward to a refresh period, reconnecting with old friends and family, and… Source link

John Krafcik, chief executive of the Google self-driving spin-off Waymo, has stepped down from the $30bn group after more than five years and will be replaced by two top executives, the company said on Friday.  Krafcik, who will remain as an adviser, said he was leaving Waymo to “kick off new adventures”, citing taking a “refresh period”, spending time with friends and family, and travelling, according to a blog post. He told the Financial Times he had planned to… Source link

SAN RAMON, Calif. (AP) — The executive who steered the transformation of Google’s self-driving car project into a separate company worth billions of dollars is stepping down after more than five years on the job. John Krafcik announced his departure as CEO of Waymo, a company spun out from Google, in a Friday blog post that cited his desire to enjoy life as the world emerges from the pandemic. “I’m looking forward to a refresh period, reconnecting with old friends and family,… Source link

As vehicles are increasingly defined by their digital features, tech companies are seeking out ever-closer partnerships with carmakers. A new collaboration between Google and Fiat, though, is the most extreme we’ve seen yet. Three new special edition Fiat 500s — the Fiat 500, 500X crossover, and 500L MPV — have been branded with Google livery that extends from using the tech giant’s corporate colors in the cars’ seat upholstery to placing “Hey Google” badges above their… Source link

The first Zeekr model will be based on the “Zero Concept” car unveiled last September by Geely-owned Lynk & Co. China’s biggest carmaker Geely is launching a premium electric car brand it hopes will take on Tesla. The Chinese company, which owns Volvo and Lotus, announced its Zeekr brand on Tuesday to tap into China’s demand for electric vehicles (EVs). It comes as Elon Musk goes on the charm offensive in China praising its plans to tackle carbon emissions. The Tesla founder has seeking to allay… Source link

Tiger Woods‘ road to recovery has finally taken him home. The golf legend announced Tuesday that he is back home in Florida, where he will continue his rehab following his terrifying car accident near Los Angeles that left him with extensive leg injuries. Woods thanked his medical team at both the Harbor-UCLA Medical Center and Cedars-Sinai Medical Center for their care. Woods had previously been hospitalized since Feb. 23, when his SUV hit a sign on a winding residential road in Rolling Hills… Source link

Bloomberg Tesla Is Plugging a Secret Mega-Battery Into the Texas Grid (Bloomberg) — Elon Musk is getting into the Texas power market, with previously unrevealed construction of a gigantic battery connected to an ailing electric grid that nearly collapsed last month. The move marks Tesla Inc.’s first major foray into the epicenter of the U.S. energy economy.A Tesla subsidiary registered as Gambit Energy Storage LLC is quietly building a more than 100 megawatt energy storage project in… Source link