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News & Articles By Franz Walker
05/23/2022
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By Franz Walker
Tesla building 100-megawatt battery facility to help Texas’ power grid
Tesla is building a giant, 100-megawatt (MW) energy storage facility in Texas. The facility is being built in Angleton, Texas, outside of Houston and will plug into the state’s power grid. The project, which is operating under a Tesla subsidiary called Gambit Energy Storage LLC, has yet to be officially announced as of the time of writing. But […]
06/06/2021
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By Franz Walker
Tesla deploys in-car cameras to spy on its own drivers
Electric automaker Tesla has started using cabin cameras in some of its vehicles to spy on its own drivers in an effort to ensure that drivers are paying attention to the road when using the company’s Autopilot technology. Tesla’s Model 3 and Model Y vehicles already featured driver-facing cameras. But according to the company’s owners […]
05/27/2021
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By Franz Walker
Self-driving vehicle legislation held up by the question of who to blame in a crash
The question of who is to blame when a fully autonomous vehicle crashes is holding up legislation that the auto industry says it needs to advance. In a normal crash involving only human-operated vehicles, it’s much more straightforward who is to blame. The vehicle or vehicles involved have human drivers after all. “If another driver hits you, […]
05/26/2021
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By Franz Walker
Drop in cryptocurrency prices raises questions about their stability
Cryptocurrencies, such as bitcoin and dogecoin, went through a roller coaster the past few weeks, with prices falling from previous highs. While the values of cryptocurrencies remain high, it’s raised fears about their stability. The values of various cryptocurrencies fell over the past few weeks after Tesla CEO Elon Musk pulled the automaker’s support for bitcoin on environmental grounds. Prices […]
05/13/2021
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By Franz Walker
Tesla reports record quarterly net profit bolstered by bitcoin sales
Automaker Tesla reported a quarterly net profit of $438 million on a GAAP (Generally Accepted Accounting Principles) basis on Monday, April 26. A good chunk of this profit came not from car sales or federal credits but from sales of bitcoin during the quarter, which contributed $101 million to the company’s bottom line. The $438 million represents […]
04/16/2021
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By Franz Walker
Elon Musk’s “futuristic” transit system in Las Vegas falls short of expectations
Elon Musk’s “futuristic” Las Vegas transit loop has received criticism for failing to live up to the serial entrepreneur’s lofty promises. The $55 million loop, which was built by Musk’s The Boring Company, promised to whisk passengers in driverless Tesla cars at speeds of up to 155 mph. This would turn a typically 15-minute-long-walk into […]
03/11/2021
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By Franz Walker
Elon Musk to deepen Texas ties with proposal for “City of Starbase” in Cameron County
SpaceX founder Elon Musk is proposing the creation of a city named “Starbase” in Texas, where the company could build rockets to launch its Starlink satellites and other space projects. “Creating the city of Starbase, Texas,” Musk tweeted on Tuesday, March 2. “From thence to Mars, And hence the Stars.” As part of this, a SpaceX representative made […]
03/11/2021
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By Franz Walker
Tesla secures deal to buy nickel from New Caledonia mine
Electric automaker Tesla has agreed to buy nickel from mine in New Caledonia, in the southwest Pacific Ocean, to secure its supply of the key battery metal. The deal amid growing concern over future supplies of the metal. This is after a 26 percent rally in nickel prices over the past year and growing investment by […]
02/25/2021
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By Franz Walker
Musk claims SpaceX Starlink internet speed will double this year
SpaceX founder and CEO Elon Musk said the speeds of its Starlink satellite internet service “will double” in 2021 as it continues to build out its global consumer network. “Speed will double to ~300Mb/s and latency will drop to ~20ms later this year,” said Musk on Monday, Feb. 22, in a tweet responding to a user […]
02/24/2021
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By Franz Walker
Bitcoin activity now uses more energy than all of Argentina
As Bitcoin’s popularity continues to rise, driven in part by recent moves by electric automaker Tesla, the true energy cost of the cryptocurrency is also coming to light. A new study shows that Bitcoin uses more energy than the entire country of Argentina. The report comes from Cambridge University, which says that the cryptocurrency has already surpassed […]
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