Tesla is entering the energy supply business. The EV giant filed an application with the Public Utility Commission of Texas to make its subsidiary Tesla Energy Ventures a retail electric provider (REP) in the state. The company can begin selling electricity to residents as early as November if the application...
Data from Bitcoin Treasuries shows that the amount of Bitcoin held by companies and institutions worldwide has reached 1.6 million BTC, nearly 8% of Bitcoin’s total hard cap supply. The majority of all institutional BTC purchases occurred over the last year and a half. Topping the list of...
Tesla has a contract to test Luminar LiDAR sensors in its vehicles. A picture shared by @gbrutle [https://twitter.com/gbrulte/status/1395356317410287617] on Twitter of a Tesla Model Y with California dealer plates and a Luminar LiDAR rig sparked debate on whether the automaker is pivoting from a camera-based...
A new report by Galaxy Digital has revealed that Bitcoin mining consumes approximately half of the energy consumed by the entire global traditional banking system every year. The research estimated that the global Bitcoin network consumes 113.89 terawatts per hour (TWh) of energy, compared to conventional banking’s 263....
Preparing for an autonomous future, Tesla recently patented a design for swiveling front seats and possibly a moving steering wheel. The patent filing depicts a cabin where both the driver and the shotgun passenger can rotate their seats 180 degrees, transforming the interior into a lounge. The diagram also showcases...
Chinese budget EV, the Hong Guang Mini, developed by SAIC Motor has become the second bestselling EV in China (and the world according to estimates) following Tesla. Last month in China, sales of the Hong Guang Mini (priced at USD $4,500) were nearly double that of the Tesla Model...
