Elon Musk Denies Reports Of Bitcoin ATM At Nevada Gigafactory

KEY POINTS

  • Tesla CEO said reports of a Bitcoin ATM inside one of its facilities are inaccurate
  • LibertyX reportedly added Bitcoin selling feature to three ATMs at the facility
  • They can be accessed only by Tesla employees

Tesla CEO Elon Musk has denied recent reports that there is a Bitcoin ATM inside the car company’s Gigafactory in Nevada.

“I don’t think this is accurate,” Musk tweeted Monday, while replying to a tweet by news website Teslarati. The Teslarati tweet has since been deleted.

On Sunday, Will Reeves, the CEO of cryptocurrency payments and rewards app Fold, tweeted about spotting a LibertyX “bitcoin ATM at the Gigafactory,” along with a Google Maps image. LibertyX is a manufacturer of cryptocurrency ATMs in the United States. 

News outlet Finbold, on Sunday, reported that the LibertyX Bitcoin ATM, mentioned in the tweet, was in existence at the Gigafactory since August and it

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Tesla Autopilot Self-Driving Beta Test Will Start Tuesday, Elon Musk Confirms

KEY POINTS

  • Tesla will roll out its FSD feature in a closed beta system test next week
  • The new autopilot software will be available to a small pool of Tesla owners
  • The updated FSD software is expected to include many new functionalities

Tesla CEO Elon Musk announced via Twitter on Monday that the company’s autopilot self-driving mode would be made available in a small beta test starting next week. 

The closed beta-test system, which will be limited to a small pool of “expert and careful drivers,” will roll out next week, Car And Driver reported. 

The Full Self-Driving (FSD) feature has undergone a complete reboot and is expected to carry a lot of new functionality. The rewrite also updated the autopilot’s labeling software to enable it to interpret the environment in 4D instead of 2D. 

Based on Musk’s recent descriptions, the updated software will build on its current “traffic light

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Elon Musk has ‘seen no evidence of an advanced civilization visiting Earth’

starshipmuskhopsn5

Elon Musk tweeted this scenic view of the Starship SN5 prototype in mid-air in August. This is an identified flying object.


Elon Musk/SpaceX

The truth is out there, and Elon Musk is sure it has nothing to do with aliens visiting Earth. 

The SpaceX founder chimed in on the idea of UFO sightings through a couple of tweets on Sunday. “I have seen no evidence of an advanced civilization visiting Earth,” he tweeted. “Fuzzy pics that are worse than a 7/11 security cam frame grab don’t count!”

Musk was responding to a tweet from Fox television anchor Maria Bartiromo. She shared a clip from Sunday in which she asked President Donald Trump why earlier this year

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Electric-car CEOs battling to become the next Elon Musk

  • No electric-vehicle startup has matched, or even approached, Tesla’s success, much of which can be credited to CEO Elon Musk.
  • The CEOs of a new generation of EV companies are hoping they recreate Musk’s career — but his path is a tricky one to follow.
  • They include Rivian’s RJ Scaringe and Lucid Motors’ Peter Rawlinson.
  • Visit Business Insider’s homepage for more stories.

Running Tesla has helped turn Elon Musk into one of the world’s richest people. As of Friday, he was fifth on Forbes’ ranking of the world’s billionaires, ahead of Warren Buffett and just behind Mark Zuckerberg.

A handful of startup founders have attempted to match Musk’s success at Tesla over the years, but most have failed to overcome the brutal economics of the car business. Now, a new wave of CEOs is hoping they can learn from their predecessors’ mistakes and capitalize on projected growth in EV demand

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Musk says Tesla to use new batteries, tech at Berlin factory; flags production risk

Oct 7 (Reuters)Tesla Inc TSLA.O Chief Executive Elon Musk said on Wednesday the company will produce Model Y with a new structural battery design and technology at its Berlin factory next year and that could result in a “significant production risk”.

The U.S. electric carmaker plans to manufacture a new version of its Model Y crossover vehicle, and possibly even battery cells at the site. Last month, Musk said that Tesla will use its Germany-based plant to demonstrate a radical overhaul of how its cars are built.

The company plans to start the production of Model Y at Gigafactory Berlin during the second half of 2021.

Tesla’s new battery cell – a larger cylindrical format called 4680 that can store more energy and is easier to make – is key to achieving the goal of cutting battery costs in half and ramping up battery production nearly 100-fold by

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Elon Musk: SpaceX’s Starlink broadband public beta ready to go after latest launch

After several delays, SpaceX has finally launched its 12th Starlink Mission, which brings its internet-beaming satellite constellation to just under the 800 it needs to deliver moderate coverage in North America.  

With this latest launch at Tuesday, 7:29 am EDT from the Kennedy Space Center in Florida, SpaceX has now launched 775 Linux-powered Starlink satellites. But, via CBS News, only 728 Starlink satellites remain in orbit, according to astronomer Jonathan McDowell’s latest Space Report.  

As noted by Space.com, before Tuesday’s successful Starlink launch, SpaceX had scrubbed four attempted launches due to weather and other issues. SpaceX integration and test engineer Siva Bharadvaj said Tuesday was “a happy end to Scrub-tober”.

SEE: Network security policy (TechRepublic Premium)

More importantly for broadband-starved potential customers in the US, this latest batch of 60 Starlink satellites clears the way for a public beta in northern US and possibly southern Canada. 

“Once these satellites reach

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Tesla’s quarterly report could land Musk another $3 billion

Video: Optimistic Australian CEO’s invest in digital technology (Sky News Australia)

Optimistic Australian CEO’s invest in digital technology

UP NEXT

UP NEXT

By Noel Randewich



Elon Musk wearing a suit and tie: FILE PHOTO: Automobile awards The golden steering wheel in Berlin


© Reuters/Hannibal Hanschke
FILE PHOTO: Automobile awards The golden steering wheel in Berlin


(Reuters) – Tesla’s upcoming quarterly report could put another $3 billion in Chief Executive Elon Musk’s pocket.

The electric car maker on Tuesday saw the six-month average of its stock market value hit $250 billion, a milestone toward triggering the fourth of 12 tranches of options to buy Tesla stock at a discount, granted to the billionaire in his 2018 pay package.

Musk’s compensation is exclusively made up of a series of potential stock options rewards based on market capitalization and operational goals. To secure Musk’s fourth tranche, Tesla still must hit a goal related to revenue or profitability, and that could happen in the company’s third-quarter report, the date of

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Musk to Visit SpaceX Launchpad After Mission Aborts, Delays | Top News

(Reuters) – SpaceX Chief Executive Elon Musk said he will visit his space company’s Florida rocket facilities this week to investigate the cause of recent launch aborts and delays that have held up a busy mission schedule for the company’s workhorse Falcon 9 rocket.

The space company last week halted two back-to-back Falcon 9 missions – one packed with 60 SpaceX Starlink satellites and the other carrying a GPS satellite for the U.S. Air Force – over technical issues detected less than 30 seconds before planned liftoff from a launchpad in Florida. 

SpaceX postponed the Starlink launch to Monday morning, but bad weather forced another delay.

“We’re doing a broad review of launch site, propulsion, structures, avionics, range & regulatory constraints this weekend,” Musk tweeted early Saturday after SpaceX called off the launch for the GPS satellite two seconds before liftoff. “I will also be at the Cape next week

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Elon Musk says humans must leave Earth “because sun will engulf our planet”

Elon Musk has said that humans have to become a "multi-planet species". (Getty)
Elon Musk has said that humans have to become a “multi-planet species”. (Getty)

When Elon Musk launched a Tesla into space, it carried a sign saying “Don’t panic” on the dashboard – but the billionaire was in a more doom-laden form this week.

The SpaceX and Tesla pioneer warned, in an interview with The New York Times podcast Sway, that travel to other planets was necessary as Earth would be engulfed by the Sun.

Speaking to host Kara Swisher, Musk said: “I think this is fundamentally important for ensuring the long-term survival of life as we know it, to be a multi-planet species.

“Eventually the Sun is going to expand and engulf Earth. It will expand and incinerate Earth. It is for sure going to happen – but not any time soon.”

Read More: Starlink, everything you need to know about the satellite network

This is something of an understatement,

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Elon Musk: Starlink will ‘probably IPO’ in ‘several years’

  • Elon Musk tweeted on Monday that Starlink, an satellite-based internet initiative within his privately held company SpaceX, will “probably IPO” in “several years.”
  • Musk said that Starlink likely would wait to go public until “revenue growth is smooth & predictable” and that he would prioritize “small retail investors” when taking the business public.
  • SpaceX President and COO Gwynne Shotwell had previously floated the idea in February.
  • Starlink is aiming to start offering space-based internet services to customers this summer, but the company has already drawn criticism over its environmental impact and regulatory approval.
  • Visit Business Insider’s homepage for more stories.

Tesla CEO Elon Musk announced in a tweet Monday that he will “probably” take SpaceX’s internet-based satellite venture, Starlink, public at some point in the future.

“We will probably IPO Starlink, but only several years in the future when revenue growth is smooth & predictable,” Musk said.

He also promised

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