Tesla | Common News Update

Mar242021 by adminNo Comments

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...

Mar212021 by adminNo Comments

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 ...

Mar212021 by adminNo Comments

‘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. ...

Mar92021 by adminNo Comments

Tesla adds $100bn in value as tech stocks stage bounce-back

Technology

Tesla has led a bounce-back for US tech stocks as its shares surged by as much as 20% partly thanks to figures showing higher sales in China.The electric car company, led by Elon Musk, was also boosted by an analyst upgrade and a wider upturn in investor sentiment which saw the tech-heavy Nasdaq index climb nearly 4%. Tesla's shares have had a wild ride over recent months, with Mr Musk for a time becoming the world's richest person as the stock surged before losing the crown as it slipped back from its highs. Image: The stock was partially boosted by China sales figures On Tuesday it was the stand-out performer among a host of tech stocks as they staged a recovery after sharp losses in recent weeks.Apple, Amazon and Microsoft were all...

Feb222021 by adminNo Comments

Bitcoin keeps climbing after Tesla backing

Technology

Getty ImagesMuch talked-about cryptocurrency Bitcoin has continued to hit record highs having broken through $ 50,000 (£35,700) last week.On Sunday, Bitcoin hit another peak rising above $ 58,000 as it continues its strong momentum this year.The cryptocurrency has risen more than 90% since the start of January, pushing its total market value above $ 1tn.The recent spike has been fuelled by Tesla and other big companies accepting it as payment.However, Bitcoin has a track record of wild price swings and has fallen sharply a number of times since it was created in 2009.Bitcoin hits new record of $ 50,000Man has two guesses to unlock bitcoin fortuneBitcoin consumes 'more electricity than Argentina'Bitcoin started the year at roughly $ 28,900, according to figures from cryptocurrency news site...