Elon Musk and Tesla Are Entering Dark Times

Elon Musk directed the production of a 2016 video that exaggerated the capabilities of Teslas driver-assistance system Autopilot He even dictated the opening text, which claimed the companys car drove itself

Musk wrote to Tesla’s Autopilot team in October 2016 to emphasize the importance of a demonstration drive to promote the system, about which he made a big announcement a week later

In a call with reporters and blog post at the time, Tesla said all of its cars would ship with hardware necessary for full self-driving capability

Musk and Tesla went on to make claims about those capabilities—capabilities that have yet to materialize and claims that have triggered federal civil and criminal investigations

While this is going on, Musks attorneys are asserting in federal court in San Francisco that the billionaire made the now-famous funding secured tweet in a split-second decision in 2018 when he tweeted that he was considering taking Tesla private

These claim—because he had just read in the news that Saudi Arabia was making significant investments in his business The tweet, according to Tesla shareholder attorneys, was just one of many lies that cost investors millions of dollars

Who is telling the truth, and whether Musk defrauded investors of billions of dollars when they staked their money on a tweet that turned out to be false, will be determined by a jury

When Musks antics regarding Twitter, the elections, and everything else werent making headlines in 2022, Teslas dramatic stock-price collapse tended to take centre stage However, for some smaller electric-vehicle companies, the market meltdown has been even worse

The Consumer Electronics Show in Las Vegas is best known as a yearly justification to ogle bizarre technology But this years show was for a different kind of product software engineers, according to Dirk Hilgenberg, head of Volkswagen AGs software division

It turns out that some of those tens of thousands of people who were abruptly let go by recession-averse Silicon Valley giants last year and now this year are exactly what the auto industry is looking for

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