Thursday, January 27News That Matters
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Tag: cars

Tesla cars can be bought in Bitcoin

Tesla cars can be bought in Bitcoin

Technology
ReutersTesla customers can now buy their car with Bitcoin, company chief Elon Musk has said.Mr Musk, a well known Bitcoin enthusiast, made the unexpected announcement in a tweet.But Bitcoin's value rapidly moves up and down - meaning the real-world price of Teslas bought in the cryptocurrency could change day to day.Tesla has invested heavily in the digital currency, buying $ 1.5bn (£1.1bn) worth of Bitcoin.And that apparent vote in confidence saw Bitcoin's value shoot to a record high.Mr Musk tweeted Tesla would be running its own internal software to handle Bitcoin payments, which "operates Bitcoin nodes directly".Nodes, in this sense, are the computers that process Bitcoin transactions.And in an apparent bid to assuage fears of Bitcoin enthusiasts who want to see the ecosystem thrive, M...
Elon Musk denies Tesla cars are used for spying in China

Elon Musk denies Tesla cars are used for spying in China

Technology
EPAElon Musk, the chief executive of the US electric carmaker Tesla, says his firm would be "shut down" if its vehicles were used for spying on China.His comments came in response to reports that China's military had banned Tesla cars from its facilities.The military had raised security concerns about the data collected by cameras installed in the cars.China is Tesla's largest market after the US, accounting for about a quarter of the firm's global sales in 2020.On Saturday, Mr Musk said if a business did engage in spying on a foreign government, "the negative effects for that company would be extremely bad"."There's a very strong incentive for us to be very confidential with any information," Mr Musk told an influential Chinese business forum via video link. "If Tesla used cars to spy in ...
‘If Tesla uses its cars to spy, we’ll get shut down’ – Musk responds to Chinese military’s fears

‘If Tesla uses its cars to spy, we’ll get shut down’ – Musk responds to Chinese military’s fears

Business
Elon Musk has said his company would be shut down if its cars were used for the purposes of spying.The Tesla chief executive was responding to news that China's military has banned Tesla cars from its facilities. Speaking to a Chinese forum in a virtual discussion, Mr Musk said: "There's a very strong incentive for us to be very confidential with any information."If Tesla used cars to spy in China, or anywhere, we will get shut down."According to a Reuters report on Friday, the Chinese military cited security concerns over cameras installed on Tesla's vehicles. ...
Ban on new petrol and diesel cars in UK from 2030 under PM’s green plan

Ban on new petrol and diesel cars in UK from 2030 under PM’s green plan

Science
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Beijing auto show crowds check out electric vehicles, luxury cars

Beijing auto show crowds check out electric vehicles, luxury cars

World
Sept. 28 (UPI) -- Crowds flocked Monday to the 2020 Beijing International Automotive Exhibition, the only major international car show held this year because of the coronavirus pandemic, with potential buyers gawking at new luxury cars and electric vehicles. Organizers postponed the show in April when the COVID-19 pandemic dampened Chinese car sales, which dropped by 79% during the February lockdown, Automotive News reported. Advertisement "The timing of the Beijing auto show could not have been any better," said Chen Jinzhu, chief executive of Shanghai Mingliang Auto Service, told South China Morning Post. "The grand show may help the market regain its momentum after months of disappointing sales." More than 90 exhibitors, including established companies such as Audi, Daimler, General Mo...