India’s hopes for Tesla investment cool as Musk ceases contact
Thursday, 4 July 2024 () Tesla paused India talks after Elon Musk canceled an April visit. With capital constraints, declining deliveries, and Cybertruck, Mexico plant delays, focus shifts to Tata Motors, Mahindra. Musk's import tax cuts favored $497M+ foreign EV investment. No comments from Heavy Industries Ministry, Modi. Tesla’s staff cuts, few charging stations limit progress, EVs just 1.3% market per BloombergNEF.
Kevin Dillon's Tesla apparently took an unplanned pit stop mid-carwash ... and cops say it caused a rear-end ripple effect for some unlucky cars in line behind.. TMZ.com
Elon Musk , Welcomes 12th Child.
Musk and Neuralink executive Shivon Zilis welcomed their third child together earlier this year, CBS News reports.
Musk recently confirmed the birth in a
'New York Post' interview but didn't
share the baby's name or sex.
He also addressed rumors
that the birth was a secret.
As for 'secretly fathered,'
that is also false. , Elon Musk, to the 'New York Post'.
All our friends and family know. Failure
to issue a press release, which would
be bizarre, does not mean 'secret.', Elon Musk, to the 'New York Post'.
Musk and Zilis also had twins in 2021,
months before the Tesla and SpaceX CEO
had a second child with Grimes.
Musk and Zilis also had twins in 2021,
months before the Tesla and SpaceX CEO
had a second child with Grimes.
He had a third child with Grimes in 2023.
In a 2022 tweet, Musk said that declining
birth rates represent "the biggest
danger civilization faces by far.".
He also said, "Doing my best to
help the underpopulation crisis.".
Many countries are already well
below replacement rate, and the
trend is that almost all will be. This is
simply a fact, not a 'debunked theory.', Elon Musk, to the 'New York Post'.
Musk also fathered six children with
Justine Wilson, although they lost their first child to Sudden Infant Death Syndrome (SIDS).
He was married to the
Canadian author from 2000 to 2008
Credit: Wibbitz Top Stories Duration: 01:30Published
Musk Threatens Ban , After Apple Announces , OpenAI Partnership.
Reuters reports that Elon Musk has threatened to
ban Apple devices at his companies if the iPhone
producer goes forward with plans to integrate OpenAI.
Reuters reports that Elon Musk has threatened to
ban Apple devices at his companies if the iPhone
producer goes forward with plans to integrate OpenAI.
Reuters reports that Elon Musk has threatened to
ban Apple devices at his companies if the iPhone
producer goes forward with plans to integrate OpenAI.
That is an
unacceptable
security violation, Elon Musk, CEO of Tesla & SpaceX, via Reuters.
And visitors will have to
check their Apple devices
at the door, where they will
be stored in a Faraday cage, Elon Musk, CEO of Tesla & SpaceX, via Reuters.
On June 10, Apple announced a number of
new AI features to be introduced across
the company's apps and operating platforms. .
Apple also announced a new partnership
with OpenAI that will see ChatGPT technology
added to all of the company's devices.
According to Apple,
privacy was "at the core"
of its efforts to integrate AI.
It's patently absurd that
Apple isn't smart enough
to make their own AI, yet is
somehow capable of ensuring
that OpenAI will protect
your security & privacy!, Elon Musk, CEO of Tesla & SpaceX, via Reuters.
Previously, Musk sued OpenAI and its CEO Sam Altman
for abandoning the company's original mission to create
AI for the betterment of humanity rather than profit.
Previously, Musk sued OpenAI and its CEO Sam Altman
for abandoning the company's original mission to create
AI for the betterment of humanity rather than profit.
Following the legal challenge, Musk started his own startup, xAI, to challenge OpenAI with an alternative to the popular chatbot ChatGPT.
Following the legal challenge, Musk started his own startup, xAI, to challenge OpenAI with an alternative to the popular chatbot ChatGPT.
Reuters reports that Musk's xAI has been
valued at $24 billion, after raising $6 billion in
series B funding during its last funding round
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Hertz Sells Teslas for $25,000 , Amid EV Slump.
Hertz Sells Teslas for $25,000 , Amid EV Slump.
Hertz Global Holdings has been trying
to unload Teslas since January.
The move comes after Hertz
revealed plans to buy hundreds of
thousands of electric vehicles (EVs) in 2021.
Our EVs can be found nationwide
in most major metros and
averaging around $25,000, Hertz spokesperson, via email to CNBC.
The sale reflects the EV market's
waning pace of growth.
Even though sales of electric vehicles have "more than quadrupled from 2020 to 2023,".
automakers are currently more concerned about selling hybrids, CNBC reports. .
So if you've been eyeing a Tesla for a
while but waiting for a more manageable price, Hertz' sale may be your answer.
Hertz-certified vehicles undergo
a 115-point inspection and come with
a 12-month/12,000 mile warranty.
Some used EVs are also eligible for tax credits.
Used car expert Yossi Levi offered tips
for purchasing used electric vehicles.
The best bang for the buck
for consumers in the market today,
bar none, is the used electric vehicle.
And the best-value purchase
is likely a three-year-old EV, Yossi Levi, Car Dealership Guy, via CNBC
Credit: Wibbitz Top Stories Duration: 01:31Published
Supreme Court Rules , Against SEC's Authority, to Impose Fines.
NPR reports that the United States Supreme Court
recently voted 6-3 against the Securities and
Exchange Commission's policy on fraudulent conduct. .
NPR reports that the United States Supreme Court
recently voted 6-3 against the Securities and
Exchange Commission's policy on fraudulent conduct. .
Chief Justice John Roberts, writing for the court's
conservative majority, said the current rules deprive accused
transgressors of their constitutional right to a jury trial. .
Chief Justice John Roberts, writing for the court's
conservative majority, said the current rules deprive accused
transgressors of their constitutional right to a jury trial. .
The SEC relies on administrative
law judges (ALJ) to make legal conclusions
in cases brought before the agency.
The Supreme Court's decision has the potential
to send ripples through dozens of agencies,
from labor rights to energy regulation.
The Court did exclude from its decision those
agencies dealing with federal benefits, while some
conservative justices wanted the ruling to go further.
The three liberal justices
in dissent blasted the
decision by the majority. .
The case was brought by a former conservative
radio host and hedge fund manager, George Jarkesy,
following an SEC fraud investigation.
The case was brought by a former conservative
radio host and hedge fund manager, George Jarkesy,
following an SEC fraud investigation.
An in-house evidentiary hearing fined Jarkesy $300,000,
ordered him to pay back almost $700,000 in ill-gotten
profits and barred him from the securities industry.
Jarkesy argued that he was entitled to a jury trial
held in a federal court and that Congress lacked
the power to delegate such authority to the SEC.
NPR reports that Jarkesy's case was supported
by a number of conservative and business groups, and individuals such as Elon Musk.
NPR reports that Jarkesy's case was supported
by a number of conservative and business groups, and individuals such as Elon Musk
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Senior Congress leader Rahul Gandhi, joining the EVM debate once again, has voiced serious concerns about the transparency and accountability of India's electronic voting machines (EVMs), referring to them as a “black box” and citing a recent controversy involving the Mumbai North West Lok Sabha seat.
#RahulGandhi #EVMControversy #BlackBoxEVMs #ElonMusk #VotingSecurity #IndiaElections #ElectoralTransparency #Democracy #ElectionFraud #MumbaiElection #HackingRisks #EVMScandal #PoliticalAccountability #ElectionIntegrity #VoterConfidence
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Elon Musk advised against using electronic voting machines (EVMs) due to hacking risks, sparking debates on their security amid irregularities in Puerto Rico's primaries. However, India defended its third-generation M3 EVMs as tamper-proof, with no connectivity and oversight from IIT experts and the Election Commission. The Supreme Court issued directives to further strengthen EVM security while rejecting demands for 100% VVPAT verification.
#ElonMusk #EVMs #EVMHacking #BallotPaper #ElonMuskNews #PuertoRico #IndianElections2024 #Indianews #RajeevChandraShekhar #Worldnews #Oneindia #Oneindianews
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Tesla Recalls Vehicles , Over Faulty Seat Belt Warning System.
Over 125,000 Tesla vehicles are being recalled in the U.S., the National Highway Traffic Safety Administration (NHTSA) said on May 31.
The recall is due to a seat belt warning
system malfunction, NBC News reports. .
Some vehicles failed to flash
warning lights or make noise when a
driver didn't buckle up, the regulator said. .
The following vehicles
are affected by the recall:.
2012-2024 Model S, 2015-2024 Model X, 2017-2023 Model 3 and 2020-2023 Model Y. .
An over-the-air software update will be released by Tesla in June to fix the issue.
Tesla recalled another 200,000 vehicles in January over a software malfunction that could impede drivers' visibility when reversing.
Almost 4,000 Cybertrucks were also recalled in April over a faulty accelerator pedal pad.
Last month, auto safety regulators
launched an investigation to determine
whether Tesla's December recall of
over 2 million vehicles was adequate.
The recall was to implement new Autopilot safeguards following a string of crashes.
Credit: Wibbitz Top Stories Duration: 01:31Published
PM Modi and UK's new PM Starmer discuss early conclusion of a free trade agreement, emphasizing deepening cooperation in various areas. “Both leaders.. IndiaTimes
Masoud Pezeshkian has won Iran's presidential run-off with 53.7% of the votes, campaigning on a platform of opening Iran to the world and promising unity. International leaders, including Putin and Modi, have congratulated Pezeshkian. Saudi Arabia's King Salman and Crown Prince affirmed commitment to improving ties with Iran, while Azerbaijan's President Aliyev invited Pezeshkian to strengthen bilateral relations. Venezuela and China expressed optimism about Iran's future under Pezeshkian, and Iraq and Pakistan emphasised enhancing regional cooperation. Kuwait's Emir wished success for Iran's new president, and Syrian President Assad pledged to deepen strategic ties. Pezeshkian faces expectations to manage domestic challenges and international relations, with global leaders expecting Iran to play a stabilising role in the region under his leadership.
#IranElections #MasoudPezeshkian #WorldLeadersCongratulate #ModiCongratulatesPezeshkian #PutinCongratulatesPezeshkian #XiJinpingCongratulatesPezeshkian #InternationalRelations #RegionalCooperation #GlobalStability #IranianPolitics #UnityInIran #BilateralRelations #MiddleEastDiplomacy #Geopolitics #Leadership
Congress leader Rahul Gandhi on Saturday said by trouncing the BJP in Ayodhya, the INDIA bloc has defeated the Ram temple movement once led by L K Advani, and expressed confidence that the saffron party will meet the same fate in Gujarat in the next election. He said the Congress has been challenged and threatened by the BJP, but it will defeat the saffron party and Narendra Modi in Gujarat just the way it was defeated in Ayodhya. Gandhi was addressing party workers days after the Congress and BJP clashed outside the Gujarat Pradesh Congress Committee (GPCC) office when saffron party workers went there to protest against his (Gandhi's) remarks on Hindus.
#RahulGandhi #BJP #Gujarat #Modi #INDIA #Ayodhya #PoliticalRally #ElectionCampaign #Congress #Opposition #IndianPolitics #VowsToDefeat #ElectionBattle #RahulVsModi #GujaratElections
European Union Announces , Higher Tariffs on Chinese EVs.
On June 12, the EU said it will
impose higher tariffs on imports of
Chinese electric vehicles (EVs), CNBC reports. .
The increase in tariffs is the result of a
probe launched by the EU in October.
According to the EU, the Chinese imports benefit "heavily from unfair subsidies" and threaten "economic injury" to European EV producers.
The influx of subsidized Chinese imports
at artificially low prices therefore
presents a threat of clearly foreseeable
and imminent injury to EU industry, European Commission, via statement.
A 38.1% tariff will be imposed on battery electric vehicle producers who refused to cooperate with the bloc's investigation.
A 21% tariff will be implemented for carmakers in China who complied
but have yet to be "sampled.".
On June 11, a spokesperson for China's Ministry of Commerce called the higher
tariffs a "protectionist act.".
The findings disclosed in the EU
ruling lack factual and legal basis, Spokesperson for China's Ministry of Commerce, via statement.
This is a naked protectionist act,
creating and escalating trade
frictions, and 'destroying fair
competition' in the name of
'maintaining fair competition.' , Spokesperson for China's Ministry of Commerce, via statement.
This move by the EU not only damages the
legitimate rights and interests of China’s
electric vehicle industry, but will also disrupt
and distort the global automotive industry
chain supply chain, including the EU, Spokesperson for China's Ministry of Commerce, via statement
Credit: Wibbitz Top Stories Duration: 01:31Published
Trump Promises to Stop , All Electric Car Sales.
In an effort to be reelected
as President of the Unites States.
Trump is promising oil and gas execs that
he'll keep electric vehicles (EVs) from being sold in the U.S. if they make significant donations to his campaign, Gizmodo reports. .
Trump said that he'd lower tailpipe emissions targets and cut EV tax credits, among other things. .
"You won't be able to sell those cars," Trump said.
However, the EV market continues to grow, with
at least 1.5 million units expected to sell in 2024.
If Trump squashes EV sales in the U.S., it could anger some Republicans since the market has provided more jobs and investments in the South.
For example, Hyundai is investing
$13 billion in Georgia, a state Trump lost
in 2020, to produce electric vehicles.
Meanwhile, analysts predict EV sales will continue to rise despite Trump's efforts.
Although, his tactics could prove
to slow those sales dramatically. .
Ford Motor executive chair
William Clay Ford Jr. weighed
in on Trump's promises.
Our time frame as a company,
our planning time frame, is a lot
longer than election cycles, William Clay Ford Jr., via statement.
When we’re whipsawed back
and forth by politicians that
becomes really difficult for us, William Clay Ford Jr., via statement
Credit: Wibbitz Top Stories Duration: 01:31Published
Some Early Tesla Bulls , Are Ditching the Stock.
Reuters reports that Tesla's shares
are down about 30% this year.
Since 2021, shares have fallen
over 50%, causing the company to
lose $600 billion..
Credit: Wibbitz Top Stories Duration: 01:30Published
By Ivan Shchedrov
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