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[ad_1] SHANGHAI : Tesla CEO Elon Musk was on a flight heading to Beijing on Sunday to kick off a surprise trip in the electric vehicle maker's second-biggest market, according to two people with knowledge of the matter. Musk is seeking to meet senior Chinese officials in Beijing to discuss the rollout of Full-Self Driving ( FSD ) software in China and to obtain approval to transfer data collected in the country abroad to train algorithms for its autonomous driving technologies, one of the people said. Tesla has since 2021 stored all data collected by its Chinese fleet in Shanghai as required by Chinese regulators and has not transferred any back to the United States. The US EV maker rolled out FSD, the most autonomous version of its Autopilot software, four years ago but has yet to make it available in China despite customers urging it to do so. Musk said this month Tesla may make FSD available to customers in China "very soon", in response to a query on social me...

[ad_1] A Tesla Model 3 vehicle on an auto carrier in front of a store in Rocklin, California, July 21, 2021. David Paul Morris | Bloomberg | Getty Images Tesla shares dropped 5% Friday after the electric car company cut prices on some models in the U.S. and reduced the price for its premium driver assistance software. The stock closed at $245.01. It's still up almost 100% this year after gaining 2.7% for the week. While Tesla CEO Elon Musk has said in the past that the price of Tesla's premium driver assistance option, marketed as Full Self-Driving software, would only ever go up, the company cut the price by $3,000 from $15,000 in the U.S. for customers who purchase it upfront rather than through a monthly subscription. Subscribers pay between $99 and $199 per month, depending on whether they're upgrading from a standard or other premium version. Tesla is also cutting prices for inventory vehicles in the U.S., including its entry-level Model 3 sedan, luxury Model S ...

[ad_1] WASHINGTON: SpaceX plans to carry out its first test flight on Monday of Starship , the most powerful rocket ever built, designed to send astronauts to the Moon and eventually beyond. The launch is scheduled to take place at 7.00am (1200 GMT) from the sprawling Texas base of the private space company owned by billionaire Elon Musk . Fallback times are scheduled later in the week if Monday's attempt is postponed. The US space agency Nasa has picked the Starship capsule to ferry its astronauts to the Moon as part of the Artemis III mission, set for late 2025 at the earliest. Starship consists of a reusable capsule that carries crew and cargo and the first-stage Super Heavy booster rocket. The 164-foot (50-meter) tall Starship spacecraft sits atop the 230-foot tall Super Heavy rocket. SpaceX conducted a successful test-firing of the 33 Raptor engines on the first-stage booster of Starship in February. The Super Heavy booster was anchored to the ground during the test-f...

[ad_1] X's new privacy policy allows it to collect users' biometric data X's new privacy policy allows it to collect users' biometric data 01:36 Starting next month, X's updated privacy policy will entitle it to collect some users' biometric data and other personal information. Under the revised  policy , which takes effect September 29, X (formerly known as Twitter) "may collect and use your biometric information for safety, security and identification purposes" so long as the user provides consent. The biometric data collection is for X Premium users only, the company told CBS MoneyWatch when reached for further information.  ...

[ad_1] Elon Musk, the owner of social media platform and microblogging service X and the renowned company Tesla, which mainly manufactures cars in the United States, has once again reclaimed the title as the world’s richest person. According to Bloomberg Billionaires Inde, tech tycoon Elon Musk’s wealth has surged to $232 billion in 2023, a $92 billion increase in the past year. According to Bloomberg’s report, Elon Musk’s wealth has increased due to a 12.95% stake in his company Tesla (an automotive company), which has performed exceptionally well this year. The world’s most expensive carmaker concluded the year with a market value of $248 billion, which is 130% higher than the previous year. In addition, despite the ups and downs of the microblogging website X (formerly Twitter), Elon Musk’s wealth increased. According to Bloomberg Billionaires Index, there has been an increase of more than $1.5 trillion in the combined wealth of the world’s 500 richest individuals this ...

[ad_1] Two US Senators have slammed Elon Musk-run Tesla for user privacy violation after reports surfaced that its employees shared video footage captured by its customers` vehicles of car crashes, road rage incidents, and other potentially embarrassing clips. Democrats Ed Markey (D-MA) and Richard Blumenthal (D-CT) accused the electric car maker of showing "willful disregard" for its customers` privacy, after a Reuters report raised "serious questions about Tesla`s management practices." Also read:  2023 Kia EV6 Electric Car Bookings Re-Open In India, Prices Start At Rs 60.95 Lakh "According to an alarming new press report, Tesla employees have shared private photos and videos captured by cameras in Tesla customers` vehicles. Although vehicle cameras have the potential to improve safety, these features do not need to come at the expense of consumer privacy," they wrote to Tesla. Tesla vehicles capture huge amounts of consumer data, includi...

[ad_1] Published By : Sheen Kachroo Last Updated: August 13, 2023, 16:27 IST Vaibhav Taneja obtained a bachelor's degree in commerce from Delhi University. Between 1997 and 2000, he also pursued his chartered accountancy at ICAI Vaibhav Taneja assumed the position after the previous finance chief Zachary Kirkhorn stepped down after serving 13 years in Tesla until the end of the year Vaibhav Taneja, an alumnus of the Institute of Chartered Accountants of India (ICAI), was honoured by the organisation for his appointment the new Chief Financial Officer (CFO) of Tesla. Taneja assumed the position after the previous finance chief Zachary Kirkhorn stepped down. The Indian-origin entrepreneur will hold the post of both Chief Accounting Officer (CAO) and CFO at Tesla. ICAI applauded its alumnus in a post for his enormous accomplishment and for serving as an example to all chartered accountants. The organsiation wrote, “Congratulations to CA. @VaibhavIanej on his remarkable achieveme...

[ad_1] Tesla's directors have agreed to return more than $700 million to the company after fielding accusations they grossly overpaid themselves, marking one of the largest corporate settlements in history, Reuters reported.  The settlement, which was filed in the Delaware Chancery Court on Monday, shows the board members have made a deal to give back $735 million to the electric vehicle company, including $3.1 million in stock options, according to the news service. The directors have also agreed to enact corporate-governance changes to how board members' compensation issues are assessed, Bloomberg Law reported . The agreement concludes a lawsuit filed in 2020 alleging Tesla's directors "breached their fiduciary duties by awarding themselves excessive and unfair compensation," a  filing  shows. The directors, including Tesla CEO Elon Musk, Oracle Corp. co-founder Larry Ellison and Musk's brother, Kimbal Musk, awarded themselves roughly ...

[ad_1] A little-known consumer advocacy group chose an unusual — and expensive — way to draw attention to what it sees as the threat to life and limb posed by Tesla vehicles' "Full Self-Driving" system: It bought a Super Bowl ad. During Sunday's broadcast of Super Bow LVII , a spot from The Dawn Project said Tesla's self-driving technology is built on "woefully inept engineering" that poses a treat to pedestrians and drivers. The software also can cause the electric car maker's vehicles to swerve into oncoming traffic or drive on the wrong side of the road, the nonprofit group claims.  "Tesla has known for more than six months that its Full Self-Driving software will run down a child in a crosswalk, along with hundreds of other critical safety defects reported by us and other beta testers," The Dawn Project's Founder Dan O'Dowd said in a statement Sunday.  He also urged the federal N...

[ad_1] New Delhi:  Nothing smartphone maker company founder CEO Carl Pei has shared his predictions for 2023. Some of the predictions are terrific in the 10-points list. He believed that humanity will see one AI killer app in 2023. He added that we hadn’t seen nothing yet. ALSO READ |  From Apple Ultra Watch to Meta VR headset; Top 5 gadgets that grabbed attention of Indians in 2022 - In PICS Here are his all 10 predictions. At least one AI killer app will emerge (we haven’t seen nothing yet). Tesla becomes just another car brand, as traditional car brands catch up. Twitter does really well due to Elon spending lots of time on it. The metaverse remains far from mass adoption. …But Mark turns things around at Meta by running a tighter ship. Apple shares go up because it’s a very high quality business. The smartphone keeps getting stronger as a distribution tool for software and services. World governments...

[ad_1] Planetary scientist Alan Stern, who spearheaded NASA's New Horizons mission to Pluto, enjoyed a spaceflight of his own Thursday, soaring to the edge of space and back aboard Virgin Galactic's winged spaceplane, chalking up the company's fifth commercial sub-orbital flight . Stern, researcher and STEM "influencer" Kellie Gerardi, Italian investment manager Ketty Maisonrouge, two Virgin Galactic pilots and a company trainer were carried aloft by a carrier jet that released the Unity spaceplane at an altitude of about 44,700 feet above the New Mexico desert. The hybrid motor powering Virgin Galactic's Unity spaceplane ignites high above New Mexico Thursday, propelling the craft to the lower edge of space in the company's tenth sub-orbital flight out of the discernible atmosphere. Virgin Galactic At the controls were Unity commande...

[ad_1] A Tesla showroom is seen in the City Center shopping center on January 17, 2023 in Washington, DC. Anna Moneymaker | Getty Images DETROIT — Tesla vehicles in the U.S. are seeing significant price cuts, and that's proving to be a double-edged sword for the electric carmaker and the greater automotive industry. Tesla earlier this month slashed prices of its new cars by as much as 20% , making the vehicles more affordable and likely eligible for federal tax credits . But it also tanks the resale values of cars for current owners and is sending ripple effects through the auto industry. related investing news CEO Elon Musk hasn't directly addressed the price cuts, which are counterintuitive to his claims that the company's cars will be appreciating assets — a rarity for the market aside from classics and collectible vehicles. Analysts say the price cuts suggest Tesla is prioritizing sales over profits, potentially signaling a demand problem. "There's deman...

[ad_1] Podcaster and comedian Joe Rogan. Vivian Zink | SYFY | NBCUniversal Spotify has signed a new blockbuster deal with polarizing podcaster and comedian Joe Rogan, but this time, his show won't be exclusive to Spotify, the company announced Friday in a news release. The multiyear deal with Rogan, the founder of "The Joe Rogan Experience," is said to be worth about $250 million, according to The Wall Street Journal, which first reported on the deal. The show was the No. 1 podcast in the U.S. for the third quarter of last year, according to Edison Research . Spotify also said it's expanding the partnership to allow the show to be available on other platforms. Shares of the audio streaming giant rose roughly 1.5% Friday. Spotify first brought "The Joe Rogan Experience" to its platform exclusively in 2020 in a deal that was reportedly worth more than $100 million. The talk-show style podcast is known — and often criticized for — its edgy approach and g...

[ad_1] Expert analyzes the rise of more affordable electric vehicles - CBS News Watch CBS News Tom Narayan, the lead equity analyst for Global Autos at RBC Capital Markets, joins CBS News' Lilia Luciano and Tony Dokoupil to discuss why automakers are rolling out more electric vehicles and who is eligible for tax credits connected to their purchase. Be the first to know Get browser notifications for breaking news, live events, and exclusive reporting. Not Now Turn On [ad_2] Source link https://worldnews2023.com/economy/expert-analyzes-the-rise-of-more-affordable-electric-vehicles/?feed_id=294106&_unique_id=660370ed81636