The Pentagon wants to use private rockets like SpaceX’s Starship to deliver cargo around the world

Starship prototype SN10 fires its three Raptor engines as it comes in for the landing. SpaceX The U.S. Air Force said Friday is expanding a small development program that wants to leverage reusable rockets, like those SpaceX is building, to deliver cargo quickly to anywhere in the world. Called Rocket Cargo, the experimental military program … Read more

Elon Musk good for Bitcoin even on down day: Binance.US CEO

By Sonali Basak The leader of one of the largest crypto exchanges in the U.S. sees Elon Musk’s impact on the industry as a positive — even on a bad day. “Whether he’s pushing markets up or down, that’s probably good in the long term,” Binance.US Chief Executive Officer Brian said in a Bloomberg Quicktake … Read more

Tesla faces pressure as EV competition heats up, ex-Ford CEO says

Elon Musk brought electric vehicles into the mainstream with Tesla. Now the EV company is grappling with the consequences of its own innovation, former Ford Motor CEO Mark Fields told CNBC on Wednesday. “One of the many things he did is he pushed the industry toward taking EV seriously,” Fields said of Musk, the chief … Read more

Dogecoin jumps on news of launch on Coinbase Pro

NEW YORK: Dogecoin, a meme-based cryptocurrency popular among retail investors, surged on Wednesday, benefiting from news that digital asset exchange Coinbase will make the crypto unit available to its users on its trading platform. Coinbase said on Tuesday it will immediately accept inbound transfers of dogecoin Coinbase Pro, a trading venue for professional traders. Dogecoin … Read more

Bitcoin’s ‘Green’ Rival Chia is Causing a Shortage of Hard Drives

Chia has been hogging a lot of limelight in the crowded cryptocurrency space lately as a ‘green’ alternative to Bitcoin. Even more so since the billionaire CEO of SpaceX and Tesla, Elon Musk,  tweeted last month that cryptocurrencies like Bitcoin are driving up fossil fuel consumption. He revoked Tesla’s decision to accept Bitcoin as payment for … Read more

How Tesla is quietly expanding its energy storage business

Tesla CEO Elon Musk announced in 2015 that the electric-vehicle company would be getting into the energy business. Now, it’s starting to take off. On its Q4 2020 earnings call, the company said its battery deployments increased 83% in 2020, particularly thanks to the popularity of the Megapack, which stores energy for utilities. Renewable energy … Read more

Tesla starts using cabin cameras to make sure drivers are paying attention

Tesla CEO Elon Musk speaks during the unveiling of the new Tesla Model Y in Hawthorne, California on March 14, 2019. Frederic J. Brown | AFP | Getty Images Tesla started using the cabin cameras in some Model 3 and Model Y vehicles to make sure drivers are paying attention to the road when they … Read more

Tesla’s move from radar to vision costs it some safety endorsements — for now

Tesla Model 3 Source: Tesla When Tesla decided to exclude radar sensors from its newer Model 3 and Model Y vehicles in the U.S., it had to downgrade functionality in these cars at least temporarily. As a result, Consumer Reports and the Insurance Institute for Highway Safety are suspending some key safety endorsements for those … Read more

Stocks making the biggest moves midday: Shake Shack, Lordstown Motors, Coinbase and more

A pedestrian wearing a protective mask walks past a Shake Shack restaurant in Washington, D.C., U.S., on Monday, April 20, 2020. Adnrew Harrer | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Lordstown Motors — The electric vehicle stock sank roughly 12% after the company cut its guidance for production … Read more

Bitcoin attempts to close in on $40,000 after Elon Musk said he spoke to miners about energy usage

Tesla, led by Elon Musk, confirmed that it purchased about $ 1.5 billion in bitcoin in January and expects to start accepting it as a payment in the future. Artur Widak | NurPhoto | Getty Images The price of bitcoin is approaching $40,000 once again after Tesla CEO Elon Musk tweeted that was having active … Read more