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☆ AI is threatening Americans’ jobs. Could guaranteed income provide a safety net?
▼ + stars: | 2024-04-13 | by ( Catherine Thorbecke | ) edition.cnn.com time to read: +12 min

That idea of guaranteed income is receiving renewed interest as AI becomes an increasing threat to Americans’ livelihoods. As more Americans’ jobs are increasingly at risk due to the threat of AI, Tubbs and other proponents of guaranteed income say this could be one solution to help provide a safety net and cushion the expected blow AI will have on the labor market. “Then, when we have to deal with that job displacement, we’re better positioned to do so.”Silicon Valley’s infatuation with guaranteed incomeThe idea of a guaranteed income is not new. AFP/Getty ImagesDecades after King’s death, the idea of guaranteed income went on to see a resurgence of support emanating out of Silicon Valley. Other tech industry tycoons, including Twitter co-founder Jack Dorsey, have also thrown immense financial support behind guaranteed income programs.

Persons: CNN — Michael Tubbs, Tubbs, ”, “, ” Michael Tubbs, Nick Otto, ” Tubbs, Nathan Frandino, Let’s, Martin Luther King, Jr, I’m, ” King, King, Elon Musk, Mark Zuckerberg, Sam Altman —, Musk, Rishi Sunak, Zuckerberg, ” Altman, Altman, Sam Altman, Justin Sullivan, Elizabeth Rhodes, Jack Dorsey, Dorsey, Ken Paxton, ” Paxton, overreach, ‘ It’s, ’ Tomas Vargas Jr, Vargas, I’ve, that’s, ” Tomas Vargas Jr, Tomas Vargas Jr, ” Vargas Organizations: CNN, Getty, Global, Monetary Fund, Reuters, Stockton, Civil Rights, Washington DC, Elon, “, UK, Harvard, Facebook, YCombinator, Twitter, UPS Locations: Stockton , California, Silicon Valley, Big, America, Stockton, AFP, San Joaquin, U.S, Washington, Alaska, YCombinator, San Francisco , California, United States, Texas, Harris, Harris County

☆ Tesla’s Berlin factory comes back online as power is restored after arson attack
▼ + stars: | 2024-03-12 | by ( Olesya Dmitracova | ) edition.cnn.com time to read: +3 min

London/Berlin CNN —Production at Tesla’s factory near Berlin is gradually resuming after the plant was reconnected to the power grid late on Monday following a week-long closure caused by an arson attack. Now production at the factory should be gradually ramped up, CNN affiliate RTL has reported. Prices in Germany for Model Y vehicles, the only cars manufactured at the factory, start at €44,990 ($49,196). That means a week of output is worth about €324 million ($354 million) in sales for Tesla. An aerial view of the Tesla car plant near Berlin on March 10, 2024.

Persons: E.DIS, ”, Tesla, Odd Andersen, ” Musk, Stephanie Halasz Organizations: Berlin CNN —, CNN, “, RTL, Elon Musk’s, Tesla, EVs, Getty, Volcano Group, Reuters Locations: Berlin, —, Europe, Germany, London

☆ Tesla begins notifying workers who were affected by data breach
▼ + stars: | 2023-08-19 | by ( Eva Rothenberg | ) edition.cnn.com time to read: +1 min

New York CNN —Tesla has begun notifying current and former employees whose information was included in a confidential data breach in May. In a notice posted on the Maine Attorney General’s website on Friday, Tesla (TSLA) said an investigation had found “two former Tesla (TSLA) employees misappropriated the information in violation of Tesla (TSLA)’s IT security and data protection policies” and that the electric automaker had since filed lawsuits against them. “These lawsuits resulted in the seizure of the former employees’ electronic devices that were believed to have contained the Tesla information,” Tesla said. Tesla emphasized that it had not detected any misuse of personal data, but has offered complimentary membership to Experian IdentityWorks’ credit monitoring and identity theft service. The data breach affected 75,735 people, and involved Social Security numbers, names and addresses, according to Maine Attorney’s General Office.

Persons: New York CNN — Tesla, ” Tesla, “, Tesla, Experian Organizations: New, New York CNN, Maine Attorney, Maine Attorney’s, Office, CNN Locations: New York, Maine

Hong Kong CNN —Tesla CEO Elon Musk said Tuesday the company is looking to invest in India “as soon as humanly possible,” following a meeting with Indian Prime Minister Narendra Modi in New York. “[Modi] really cares about India because he’s pushing us to make significant investments in India, which is something we intend to do. “I am confident that Tesla will be in India and will do so as soon as humanly possible,” he said, without specifying a timeline. Back in 2017, the CEO said that Tesla (TSLA) was planning to sell cars in India as soon as that summer. Both China and India have been trying to attract global EV investment and boost the EV industry.

Persons: Hong Kong CNN —, Elon Musk, India “, Narendra Modi, “, Modi, ” Musk, ”, Musk, Tesla, ” Tesla, ” “, Xu Hongcai, Chen Jining Organizations: Hong Kong CNN, Indian, Reuters, EV, Communist Party Locations: Hong Kong, India, New York, Asia, Shanghai, The Shanghai, United States, China, Beijing

April 26 (Reuters) - A California judge on Wednesday tentatively ordered Tesla CEO Elon Musk to be interviewed under oath about whether he made certain statements regarding the safety and capabilities of the carmaker’s Autopilot features. Plaintiff attorneys sought to depose Musk regarding recorded statements that tout the capabilities of Autopilot. Right now.”Tesla, however, opposed the request in court filings, arguing that Musk cannot recall details about statements. The lawsuit is scheduled to go into trial on July 31, adding to growing legal and regulatory scrutiny over Tesla's Autopilot system. A California state court jury on Friday found Tesla's Autopilot feature did not fail in what appeared to be the first trial related to a crash involving the partially automated driving software.

☆ Meet some of the 'hot rodders' making classic gas-powered cars run on electric motors and batteries — see their coolest conversions
▼ + stars: | 2023-03-19 | by ( Alexa St. John | ) www.businessinsider.com time to read: +7 min

"We're seeing that more and more, as the next generation of hot rodders come up, that they do want to do an EV conversion. 1974 BMW 2002 5-Speed electric conversion Bring a TrailerThe proof? Gadget, who was featured in the "Revenge of the Electric Car" documentary, starts by taking batteries out of crashed Teslas. "You'll see electric cars actually beat gasoline cars with the same horsepower out of the gate, but when they're absolutely quiet, you'll lose some people," Drewry said. 1966 VW Bus 21 Window with a Netgain Hyper 9 motor and EV West’s bolt-in “6 pack” Tesla battery EV WestFor Bream, it's actually about prolonging legacy.

☆ Tesla recalling nearly 363,000 vehicles equipped with ‘Full Self-Driving’
▼ + stars: | 2023-02-16 | by ( Chris Isidore | ) edition.cnn.com time to read: +3 min

New York CNN —Tesla is recalling nearly 363,000 vehicles with its so-called “Full Self Driving” driver assist feature due to risks it can pose at intersections, even if the driver is paying attention and ready to take over control of the car. Tesla will attempt to fix the the FSD feature, which costs $15,000, through an over-the-air software update, the notice added. NHTSA itself has identified at least 273 crashes that involved one of Tesla’s driver assist systems. Tesla owners have filed a class-action lawsuit over the predictions and missed deadlines, which is still pending. Tesla, which has disbanded its public relations staff and has not responded to press inquiries for several years, could not be reached for comment.

☆ Tesla-induced pileup involved driver-assist tech, government data reveals
▼ + stars: | 2023-01-17 | by ( Matt Mcfarland | ) edition.cnn.com time to read: +3 min

The Tesla’s driver told authorities that the vehicle’s “full self-driving” software braked unexpectedly and triggered the pileup on Thanksgiving day. The National Highway Traffic Safety Administration then announced that it was sending a special crash investigation team to examine the incident. It’s delighted some Tesla drivers but also alarmed others with its flaws. The benefit and promise of Autopilot is clear from the Vehicle Safety Report data that we have been sharing for 4 years,” Tesla said this month in an update to its vehicle safety data. Reimer said it remains to be seen if there’s a recall of any Tesla driver-assist features, and what it means for the automaker’s future.

☆ Premarket stocks: How the Fed could do a smaller rate hike and still upset markets
▼ + stars: | 2022-12-13 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

That will mark its seventh and final painful hike of the year, albeit a smaller one than the last four historically high three-quarter point increases. Investors will be paying close attention to these forecasts for clues about the path of rate hikes in the new year and beyond. Now the opposite is true, the dots have become a signal that interest rates will remain elevated into the future — spooking investors and Fed watchers alike. Back in December 2021, the Fed was only expecting rates to finish this year at about 0.9%. What else: Wednesday will also bring the Fed’s latest forecasts for the unemployment rate and gross domestic product (GDP) growth.

☆ Tesla: Our ‘failure’ to make actual self-driving cars ‘is not fraud’
▼ + stars: | 2022-12-12 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +5 min

CNN —Tesla CEO Elon Musk has said numerous times since 2015 that Tesla cars would be entirely self-driving in two years, or less. Even when equipped with a $15,000 technology package that is literally called “Full Self Driving Capability,” a Tesla car can’t actually drive by itself. The lawsuit cited numerous times when Musk and others at Tesla had stated that, within a year or two, the cars would be fully self-driving thanks to software updates. For instance, in a 2016 Tweet, Musk stated that a Tesla car would be able to drive itself across the United States “by next year,” the suit said. Later that year, Tesla published a video, also cited in the lawsuit, which the automaker said showed one of its cars driving itself.

☆ Musk says he was focused on reviving Tesla, defends $56 billion pay
▼ + stars: | 2022-11-16 | by ( Tom Hals | Hyunjoo Jin | ) www.reuters.com time to read: +4 min

Elon Musk, Chief Executive Officer (CEO) of SpaceX, Tesla and Twitter, arrives to a trial regarding his Tesla pay package at the Delaware Court of Chancery in Wilmington, Delaware, U.S., November 16, 2022. Tesla shareholder Richard Tornetta sued Musk and the board in 2018 and hopes to prove that Musk used his dominance over Tesla’s board to dictate terms of the package, which did not require him to work at Tesla full-time. Musk, the world’s richest person, described how the automaker was struggling to survive in 2017, when the pay package was developed. The legal team for Musk and the Tesla directors have cast the pay package as a set of audacious goals that worked by driving 10-fold growth in Tesla’s stock value, to more than $600 billion from around $50 billion. The disputed Tesla package allows Musk to buy 1% of Tesla’s stock at a deep discount each time escalating performance and financial targets are met.

☆ Elon Musk takes the stand in lawsuit over his Tesla pay
▼ + stars: | 2022-11-16 | by ( Matt Mcfarland | ) edition.cnn.com time to read: +2 min

Washington, DC CNN —Tesla CEO Elon Musk is testifying this morning in a shareholder lawsuit examining the massive compensation package that helped make him the world’s richest person. Musk was awarded the compensation package in 2018, and shareholders approved the deal at the time. They’ve also contrasted Musk’s compensation with the average Tesla salary, which they’ve said is $40,000. Musk’s compensation package goals were characterized t as lofty and incredibly difficult to achieve. This is a developing story and will be updated throughout Musk’s testimony.

☆ Tesla’s board chair says Musk needed money for space travel
▼ + stars: | 2022-11-15 | by ( Matt Mcfarland | ) edition.cnn.com time to read: +2 min

Washington, DC CNN —Elon Musk said that he needed to receive what amounted to the largest compensation package in history so that he could fuel his goals around “inter-planetary travel,” Tesla board chair Robyn Denholm testified Tuesday. Musk has long claimed that he intends to use his vast wealth in pursuit of space travel and colonization. “Quite honestly, I don’t know how much it costs to do any inter-planetary travel. The company’s driving interest in awarding Musk such an enormous compensation package was to keep his focus on Tesla, as opposed to his other companies. Denholm said Tuesday that Musk’s previous compensation package before the 2018 plan wasn’t adequate to keep him engaged at Tesla.

☆ Tesla seeks full retrial in factory worker’s race bias lawsuit
▼ + stars: | 2022-10-18 | by ( ) www.nbcnews.com time to read: +2 min

The damages trial is scheduled for March. Lawyers for Tesla and Diaz did not immediately respond to requests for comment on Monday. Tesla on Friday said the issues of liability and damages are “inextricably interwoven,” and Diaz must start from scratch with a full retrial. Tesla is facing a series of lawsuits involving alleged widespread race discrimination and sexual harassment at the Fremont factory, including one by a California civil rights agency. The company last month counter-sued the agency, claiming it filed the lawsuit without following the procedures required by state law.

☆ Tesla Autopilot’s safety questioned after latest fatal motorcycle crash
▼ + stars: | 2022-10-17 | by ( Matt Mcfarland | ) edition.cnn.com time to read: +6 min

Driver-assist crash data that automakers like Tesla must report to NHTSA was published Monday and revealed that Autopilot was engaged. A Utah motorcycle rider was killed in July after being struck by a Tesla driver using Autopilot. Utah Department of SafetyA Tesla driver using Autopilot struck a motorcycle lying on a road on July 7 at 4:47 a.m in Riverside, California. Motorcycle safety advocates say they’re concerned that the software fails to see motorcycles and lulls Tesla drivers into a sense of complacency and inattentiveness. Europe’s vehicle safety programs test if driver-assist systems identify motorcycles.

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