Tag: Tesla
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Tesla shares jump on profit beat, Musk’s prediction of at least 20% ‘vehicle growth’ next year
Tesla reported third-quarter earnings Wednesday that topped analysts’ estimates even as revenue came in just shy of expectations. The stock popped 10.7% in premarket trading. Revenue increased 8% in the quarter from $23.35 billion a year earlier. Net income rose to about $2.17 billion, or 62 cents a share, from $1.85 billion, or 53 cents a…
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Elon Musk, Tesla and WBD sued over alleged ‘Blade Runner 2049’ AI ripoff for Cybercab promotion
Elon Musk, his car company Tesla and Warner Brothers Discovery were sued Monday over their alleged artificial intelligence-fueled copyright infringement of images from the film “Blade Runner 2049” to promote Tesla’s robotaxi concept. The lawsuit by the movie’s producer, Alcon Entertainment, says that the mega-billionaire Musk and the other defendants requested permission to use “an iconic still image” from “Blade Runner…
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Tesla faces NHTSA investigation of ‘Full Self-Driving’ after fatal collision
Tesla faces a new investigation by the National Highway Traffic Safety Administration, or NHTSA, concerning issues with its “Full Self-Driving” systems, and whether they are safe to use in fog, glaring sun or other “reduced roadway visibility conditions.” The probe follows an incident in which a Tesla driver who had been using FSD struck and…
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Musk unveils $30,000 Tesla self-driving Cybercab and Robovan
After a decade of unfulfilled promises about driverless vehicles, Tesla CEO Elon Musk hyped the company’s Cybercab concept on Thursday night, showing off a low, silver two-seater with no steering wheels or pedals. Rolling up to the stage in a Cybercab almost an hour after the company’s “We, Robot” event was supposed to begin, Musk said the company had…