tesla self driving car

Musk Tells Tweet Fraud Jury He Has No Trouble Raising Money

25Jan

By adminNo Comments

Technology

Musk Tells Tweet Fraud Jury He Has No Trouble Raising Money

[ad_1] Elon Musk told a jury he was confident he could have pulled off his proposal 4 1/2 years ago to take Tesla Inc. private, saying he never has trouble raising money for his companies. Elon Musk told a jury he was confident he could have pulled off his proposal 4 1/2 years ago to take Tesla Inc. private, saying he never has trouble raising money for his companies. The chief executive officer, in his third day on the witness stand, was defending the legitimacy of his assertion in an August 2018 tweet that he had “funding secured” for the take-private transaction. “Every financing round I've had has been oversubscribed,” he testified Tuesday in San Francisco federal court in response to friendly questions from his own lawyer. “It's not a problem for me to raise money. I've done...

Tesla video promoting self-driving was staged, engineer testifies

[ad_1] The video, which remains archived on Tesla’s website, was released in October 2016 and promoted on Twitter by Chief Executive Elon Musk. A 2016 video that Tesla used to promote its self-driving technology was staged to show capabilities like stopping at a red light and accelerating at a green light that the system did not have, according to testimony by a senior engineer. The video, which remains archived on Tesla's website, was released in October 2016 and promoted on Twitter by Chief Executive Elon Musk as evidence that “Tesla drives itself.” But the Model X was not driving itself with technology Tesla had deployed, Ashok Elluswamy, director of Autopilot software at Tesla, said in the transcript of a July deposition taken as evidence in a lawsuit against Tesla for a 2018...

Tesla Teasing a Robotaxi Must Leave Customers Scratching Their Heads

[ad_1] What ever happened to turning cars purchased years ago into autonomous vehicles that would earn owners $30,000 a year? A Tesla event touting one product wouldn't be complete without Elon Musk teasing a next one. While marking the initial delivery of Tesla Semi trucks last week, Musk offered a first, vague glimpse of a product he divulged was in the pipeline back in April: a dedicated robotaxi. There wasn't much to glean from a computer-generated white sheet over a rendering of a vehicle. But looks are the least of what's mysterious about this product for Tesla owners. What ever happened to the cars customers bought years ago being an eventual software update away from becoming robotaxis that would earn them $30,000 in gross profits a year? That was among the claims Musk ...