Electric vehicle sales are surging. Australian sales doubled in 2022 to 3.8% of all new vehicle purchases, and were up 780% in the first two months of 2023 compared to a year ago. In the United States, Europe and China, the market share of electric vehicles is much higher, helped by greater government support. As… Read more »
According to predictions made nearly a decade ago, we should be riding around in self-driving vehicles today. It’s now clear the autonomous vehicle revolution was overhyped. Proponents woefully underestimated the technological challenges. It turns out developing a truly driverless vehicle is hard. The other factor driving the hype was the amount of money being invested… Read more »
If share price is anything to go by, Tesla is in trouble. The market capitalisation of the electric vehicle (EV) company has fallen by 73% from its record high in November 2021, causing concern for investors. On the face of it, there is no crisis. The cars are still the benchmark for performance. The underlying… Read more »
‘Chief Twit’ Elon Musk’s electric vehicle company, Tesla, has copped its third vehicle recall in Australia in less than a month from safety regulators, with the latest software glitch involving around 15,900 Model 3 and Model Y cars imported this year. “Due to a software error, the tail lamps on one or both sides may… Read more »
A former Tesla Motors Australia director, Kurt Schlosser, has pleaded guilty in Sydney’s Downing Centre Local Court to two counts of insider trading over his purchase of shares in a lithium miner. Schlosser acquired 86,478 shares in US-based, ASX-listed Piedmont Lithium Ltd on September 16, 2020, after he find out, in his role as country… Read more »
In August 2021, Tesla CEO Elon Musk announced the electric car manufacturer was planning to get into the robot business. In a presentation accompanied by a human dressed as a robot, Musk said work was beginning on a “friendly” humanoid robot to “navigate through a world built for humans and eliminate dangerous, repetitive and boring… Read more »
The first serious accident involving a self-driving car in Australia occurred in March this year. A pedestrian suffered life-threatening injuries when hit by a Tesla Model 3 in “autopilot” mode. In the US, the highway safety regulator is investigating a series of accidents where Teslas on autopilot crashed into first-responder vehicles with flashing lights… Read more »
Tesla’s $60,000 entry level electric vehicle, the Model 3, accounted for 60% of all new EV sales in 2021. Figures released by the Electric Vehicle Council, which has exclusive access to the notoriously secret sales figures for Elon Musk’s EV brand, revel Tesla imported 12,094 Model 3 cars to Australia last year. Because Tesla sells… Read more »
Researchers at the University of Queensland (UQ) will conduct a world-first global trial to see if the spare battery capacity in electric vehicles (EV) could support the local electricity grid, and potentially power homes. UQ has partnered with analytics platform Teslascope to recruit Tesla owners internationally to take part in the study examining car use and… Read more »
Over the weekend, Tesla chief executive Elon Musk suggested his company could sell off its Bitcoin holdings, sending the cryptocurrency plummeting. It followed Musk’s announcement earlier this month that his company would no longer accept Bitcoin in payment for its electric cars, due to the fossil fuels needed to create the digital currency. Bitcoin is… Read more »
The recent crash of a Tesla car in the United States, in which two people died, has reignited debate about the capabilities and safety of today’s “self-driving” technologies. Tesla cars include an “autopilot” feature which monitors surrounding traffic and lane markings, and the company is currently rolling out a more advanced “full self-driving” system which… Read more »
Hello Thursday! Lots happening around the world today. Here’s some of what we spotted. Don’t forget to tune in for the Startup Daily show on Ausbiz.com.au every weekday, 2-2.45pm. Watch online, download the ausbiz app or via 7Plus. OVH data centre burns Millions of websites, banks, retailers and government services in Europe are offline today after fire destroyed a… Read more »
Happy Thursday all. A big shout out to our Victorian readers, who suddenly find themselves masking up again indoors. 40-15. Today’s column might take 120 seconds, but there’s lots of juicy stuff to talk about. 1. BrexNPL? There could be a day of reckoning coming for the wild west of BNPLs, in the UK… Read more »
Victoria is planning to build a 300 megawatt Tesla battery near Geelong, snatching the title for the Southern Hemisphere’s biggest battery from South Australia. French renewable energy company Neoen will pay for construction of the lithium-ion battery, as well its ongoing operation and maintenance, Victorian energy minister Lily D’Ambrosio announced today. The 300MW battery will be… Read more »
Welcome to Thursday team. It’s a busy one, with Kogan.com raising $100 million in an ASX share placement. More on that here. 1. Here’s looking at you Jeff Reading the room, and perhaps also pushing for a seat at the table as US legislation is finally drawn up to deal with the use of facial-recognition… Read more »
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