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GM's self-driving car unit Cruise to access $5 bln credit line
  + stars: | 2021-06-15 | by ( ) www.reuters.com sentiment -0.99   time to read: +1 min
A Cruise self-driving car, which is owned by General Motors Corp, is seen outside the company’s headquarters in San Francisco where it does most of its testing, in California, U.S., September 26, 2018. REUTERS/Heather Somerville/File PhotoBERKELEY, California, June 15 (Reuters) - General Motors Co's (GM.N) majority owned Cruise self-driving car subsidiary said on Tuesday it would gain access to a multi-year $5 billion line of credit with GM's finance arm to finance its purchase of Origin vehicles starting in early 2023. Self-driving startups are racing to build warchests, as developing and scaling up the technology is expensive and takes much time. This past month, General Motors began assembly of the first of about 100 pre-production Cruise Origin all-electric vehicles that will be built this summer for validation testing, Cruise said. Reporting by Hyunjoo Jin; Editing by Edmund BlairOur Standards: The Thomson Reuters Trust Principles.
Persons: Heather Somerville, General Motors, Dan Ammann, Cruise, Hyunjoo Jin, Edmund Blair Organizations: General Motors Corp, REUTERS, General, Cruise, Honda, General Motors, Thomson Locations: San Francisco, California, U.S, BERKELEY, Dubai
A Tesla logo on a Model S is photographed inside of a Tesla dealership in New York, U.S., April 29, 2016. "The Model S has not been changing a lot in terms of looks over the past almost decade. Musk canceled another variant, Model S Plaid+, which would have had a 33% higher driving range than the Model S Plaid and used advanced battery technology, known as 4680 cells. "The Model S Plaid is definitely intended to help reduce the migration of current Tesla owners out of Tesla," said Ed Kim, vice president at consultancy AutoPacific. Musk has called the Model S Plaid "the fastest accelerating car ever."
Persons: Lucas Jackson, Elon Musk, Tesla, Jessica Caldwell, Edmunds, Ed Kim Organizations: REUTERS, Tesla, Porsche, Mercedes, Benz, Lucid Motors, Plaid, Twitter, Model, Thomson Locations: New York, U.S, Fremont , California
A Tesla logo on a Model S is photographed inside of a Tesla dealership in New York, U.S., April 29, 2016. The launch of the Model S Plaid, which has already been showcased online, has faced delay and some controversy over an expected airplane-style yoke steering wheel. Musk canceled another variant, Model S Plaid+, which would have had a 33% higher driving range than the Model S Plaid and used advanced battery technology, known as 4680 cells. "The Model S Plaid is definitely intended to help reduce the migration of current Tesla owners out of Tesla," said Ed Kim, vice president at consultancy AutoPacific. Musk has called the Model S Plaid "the fastest accelerating car ever."
Persons: Lucas Jackson, Elon Musk, Musk, Tesla, Jessica Caldwell, Ed Kim Organizations: REUTERS, Tesla, Porsche, Mercedes, Benz, Lucid Motors, Tesla's U.S, Volvo, Model, Plaid, Edmunds, Thomson Locations: New York, U.S, Fremont , California
Explainer: Tesla drops radar; is Autopilot system safe?
  + stars: | 2021-06-02 | by ( Hyunjoo Jin | ) www.reuters.com + 0.00   time to read: +5 min
(Reuters) - Tesla Inc has dropped radar sensors from its semi-autonomous driving system, Autopilot, raising concerns over the safety of the camera-only version, Tesla Vision. FILE PHOTO: The interior of a Tesla Model S is shown in autopilot mode in San Francisco, California, U.S., April 7, 2016. HOW DOES TESLA’S SYSTEM WORK, WITH AND WITHOUT RADAR? In May 2016, a Tesla car crashed, killing the driver, when Autopilot failed to detect a white semi-truck crossing in front of it. No company has yet deployed a fully functional self-driving system in scale, and the entire industry is years behind initial projections.
Persons: Tesla, Elon Musk, Tesla’s, Musk, , Raj Rajkumar, Andrej Karpathy, ” Steven Shladover, Ram Machness, Electrek Organizations: Reuters, Tesla, REUTERS, Traffic, Administration, Carnegie Mellon University, Berkeley University of California, Arbe Robotics, Twitter, NHTSA, Consumer, WHO Locations: San Francisco , California, U.S, Alexandria
U.S. self-driving truck startup Kodiak Robotics Inc is looking into a joint venture with the holding firm of South Korean conglomerate SK Group to gain a foothold in the Asian market, its co-founder told Reuters. The startup, launched three years ago by Don Burnette, a former Waymo engineer who co-founded self-driving trucking company Otto, aims to remove drivers from trucks in 2023, he said. Kodiak Robotics on Wednesday announced a partnership with SK Holdings (034730.KS) to bring the Kodiak Driver, the company's self-driving technology, to Asia-Pacific markets such as Korea and China. When asked about the possibility a joint venture, SK said that the company was in early stages of discussions about “partnerships." SK said it would have detailed talks after Kodiak commercializes its technology in the United States.
Persons: Don Burnette, Otto Organizations: Kodiak Robotics Inc, SK Group, Reuters, Kodiak Robotics, Wednesday, SK Holdings, Kodiak Driver, SK, Korea's, Thomson Locations: South Korean, The California, Aurora, Asia, Pacific, Korea, China, United States
Tesla doubles down on camera-based Autopilot amid growing scrutiny
  + stars: | 2021-05-25 | by ( Hyunjoo Jin | ) www.reuters.com sentiment -1.00   time to read: +2 min
The move came amid growing scrutiny by regulators and media about the safety of what Tesla dubs "Autopilot" and "Full Self-Driving (FSD)" features, following a series of crashes. "These will be the first Tesla vehicles to rely on camera vision and neural net processing to deliver Autopilot, Full-Self Driving and certain active safety features," Tesla said in a statement. While most companies like Waymo equip autonomous cars with cameras paired with sensors like lidars and radars, Tesla has focused on cameras to detect and analyze objects. All new Model S and Model X cars, as well as all vehicles built for markets outside North America, will still be equipped with a radar, Tesla said. Chief Executive Elon Musk tweeted in April that Tesla was working on an improved "FSD Beta" software with "pure vision, no radar."
Persons: Tesla, Elon Musk Organizations: Tesla Inc, Thomson Locations: North America, California
Chief Executive Elon Musk signaled that the company still is not selling, tweeting symbols for diamond hands here to his 55.3 million followers. “Diamond Hands” is a symbol used frequently on Reddit signaling the intention to stubbornly hold on to a stock or other asset. But the investment is also exposing shareholders to the volatile cryptocurrency market. The current market value of Tesla’s stake in bitcoin is about $1.26 billion, assuming the $2.48 billion value it recorded at the end of last quarter has fallen by 49% as the trading value has done. Tesla’s stock had gained 743% in 2020 compared with the S&P’s 16% advance for the year.
Persons: Tesla, Dado, Elon Musk, , Musk, Zachary Kirkhorn, , Samuel Indyk, David Kimberley, ” Taylor Ogan Organizations: Reuters, Tesla, REUTERS, Tesla Inc, Snow Bull Locations: U.S, China, bitcoin
The logo of car manufacturer Tesla is seen at a dealership in London, Britain, May 14, 2021. Tesla disclosed in early February it had bought around $1.5 billion in bitcoins . As of March 31, it estimated the carrying value of its bitcoin investment at $1.33 billion and the fair market value at $2.48 billion. Tesla had briefly allowed customers to pay for cars using the cryptocurrency, before withdrawing that option, citing environmental concerns that hit Bitcoin prices. "Tesla is flipflopping on bitcoin from one quarter to the next, which isn't a bullish sign for bitcoin or for Tesla," Taylor Ogan, chief executive of Snow Bull Capital, said.
Persons: Matthew Childs, Tesla, David Kimberley, Taylor Ogan, Tesla's Organizations: REUTERS, Tesla Inc, Snow Bull, Thomson Locations: London, Britain, bitcoins, China
Burry of 'Big Short' fame reveals $530 million bet against Tesla
  + stars: | 2021-05-17 | by ( Hyunjoo Jin | Maiya Keidan | ) www.reuters.com sentiment -0.99   time to read: +2 min
BERKELEY, Calif. (Reuters) - The family office run by “Big Short” investor Michael Burry has disclosed a short position against Tesla Inc worth more than half a billion. FILE PHOTO: The logo of car manufacturer Tesla is seen at a dealership in London, Britain, May 14, 2021. In February, he tweeted “my last Big Short got bigger and Bigger and BIGGER,” referring to Tesla’s surge in market capitalisation. Powered by strong sales and its first annual profit, Tesla shares jumped more than eight times last year and hit a record high of $883 per share in January. Burry also said last year that the green regulatory credits which Tesla has relied on to generate profits will dwindle as Fiat Chrysler increases sales.
Persons: , Michael Burry, Matthew Childs, , Burry, Tesla Organizations: BERKELEY, Tesla Inc, REUTERS, Management, U.S, Fiat Chrysler, Italy’s FCA, France’s, Tesla, Scion, Golden Ocean Group, SunCoke, Occidental Petroleum Locations: Calif, London, Britain, Tesla, SunCoke Energy
Burry of 'Big Short' fame reveals large bearish bet against Tesla
  + stars: | 2021-05-17 | by ( Hyunjoo Jin | Maiya Keidan | ) www.reuters.com sentiment -1.00   time to read: +2 min
BERKELEY, Calif. (Reuters) - The family office run by “Big Short” investor Michael Burry has disclosed a large bearish bet via options on Tesla Inc. FILE PHOTO: The logo of car manufacturer Tesla is seen at a dealership in London, Britain, May 14, 2021. In February, he tweeted “my last Big Short got bigger and Bigger and BIGGER,” referring to Tesla’s surge in market capitalization. Powered by strong sales and its first annual profit, Tesla shares jumped more than eight times last year and hit a record high of $883 per share in January. (This story corrects headline and text of story to clarify reference to size of bearish bet against Tesla)
Persons: , Michael Burry, Matthew Childs, , Burry, Tesla Organizations: BERKELEY, Tesla Inc, REUTERS, Management, Scion, U.S, Fiat Chrysler, Italy’s FCA, France’s, Tesla, Golden Ocean Group, SunCoke, Occidental Petroleum Locations: Calif, London, Britain, Tesla, SunCoke Energy
REUTERS/Matthew ChildsThe family office run by “Big Short” investor Michael Burry has disclosed a short position against Tesla Inc (TSLA.O) worth more than half a billion. One of the investors profiled in the book "The Big Short' and the film of the same name for betting more than a billion dollars against the U.S. housing bubble, Burry has been skeptical of Tesla's sky-high valuations. In February, he tweeted "my last Big Short got bigger and Bigger and BIGGER," referring to Tesla's surge in market capitalisation. Powered by strong sales and its first annual profit, Tesla shares jumped more than eight times last year and hit a record high of $883 per share in January. Burry also said last year that the green regulatory credits which Tesla has relied on to generate profits will dwindle as Fiat Chrysler increases sales.
Persons: Matthew Childs, , Michael Burry, Burry, Tesla Organizations: REUTERS, Tesla Inc, Scion Asset Management, U.S, Fiat Chrysler, Italy's FCA, France's, Tesla, Scion, Golden Ocean, SunCoke Energy, Occidental Petroleum, Thomson Locations: London, Britain, Tesla
(Reuters) - Tesla Inc boss Elon Musk denounced the “insane” amount of energy used to produce bitcoin on Thursday, doubling down on his sudden rejection of the cryptocurrency as a means of payment over environmental concerns. FILE PHOTO: Representations of virtual currency Bitcoin are seen in front of Tesla logo in this illustration taken, February 9, 2021. “Cryptocurrency is a good idea on many levels and we believe it has a promising future, but this cannot come at great cost to the environment,” Musk tweeted on Wednesday. He followed this up on Thursday, tweeting a graph of bitcoin's power consumption and saying: "Energy usage trend over past few months is insane." Musk did not say in his Twitter comments whether any vehicles had been purchased with bitcoin and Tesla did not immediately respond to a request for comment.
Persons: Elon Musk, Dado, Tesla, ” Musk, Musk’s, 3j4nUIV Musk, Musk, , Ben Dear, Demirors, “ Elon, bitcoin, Mark Humphery, Jenner Organizations: Reuters, Tesla Inc, Tesla, REUTERS, Investment Management, CoinShares, University of New, SpaceX Locations: University of New South Wales, Beijing
Representations of virtual currency Bitcoin are seen in front of Tesla logo in this illustration taken, February 9, 2021. "Cryptocurrency is a good idea on many levels and we believe it has a promising future, but this cannot come at great cost to the environment," Musk tweeted on Wednesday. Tesla would retain its bitcoin holdings with the plan to use the cryptocurrency as soon as mining transitions to more sustainable energy sources, Musk said. Musk did not say in his Twitter comments whether any vehicles had been purchased with bitcoin and Tesla did not immediately respond to a request for comment. Just a day earlier, Musk had polled Twitter users on whether Tesla should accept dogecoin, a currency he has helped turn from a joke into a valuable commodity.
Persons: Dado, Elon Musk, Bitcoin, Tesla, Musk, Musk’s, 3j4nUIV Musk, Ben Dear, Demirors, Elon, bitcoin, Mark Humphery, Jenner Organizations: Tesla, REUTERS, Investment Management, CoinShares, University of New, SpaceX, Reuters, Thomson Locations: University of New South Wales, Beijing
Markets have gyrated to Musk tweets for months since his interest in dogecoin sparked a hundred-fold rally in the previously ignored token's value this year, while Tesla's $1.5 billion bitcoin purchase helped it break past $50,000 in February. Dogecoin is down about a third since last Friday, having tumbled after Musk referred to it as a "hustle" on Saturday Night Live. Potentially promising," Musk said on Twitter, vaulting dogecoin from about $0.43 to $0.52 on the Binance exchange. Musk's tweets and the market's response may also invite attention, said Edward Moya, an analyst at brokarage OANDA. “It’s being pumped by people that want to get rich quick (and Elon Musk),” he said.
Persons: Dado Ruvic, dogecoin, Elon Musk, Tesla, Doge devs, Musk, Mark Humphery, Jenner, CoinMarketCap.com, Binance, Edward Moya, David Kimberley, Organizations: REUTERS, Twitter, University of New, Bloomberg, Justice Department, Thomson Locations: University of New South Wales, Sydney, U.S
Tesla's Musk halts use of bitcoin for car purchases
  + stars: | 2021-05-12 | by ( Hyunjoo Jin | Kanishka Singh | ) www.reuters.com + 0.00   time to read: +5 min
(Reuters) -Tesla Inc will no longer accept bitcoin for car purchases, Chief Executive Elon Musk said on Wednesday, citing long-brewing environmental concerns for a swift reversal in the company’s position on the cryptocurrency. FILE PHOTO: Representations of virtual currency Bitcoin are seen in front of Tesla logo in this illustration taken, February 9, 2021. REUTERS/Dado RuvicBitcoin fell more than 10% after Musk tweeted his decision to suspend its use, less than two months after Tesla began accepting the world’s biggest digital currency for payment. Tesla would retain its bitcoin holdings with the plan to use the cryptocurrency as soon as mining transitions to more sustainable energy sources, Musk said. Musk did not say in his Twitter comments whether any vehicles had been purchased with bitcoin and Tesla did not immediately respond to a request for comment.
Persons: Elon Musk, Dado Ruvic Bitcoin, Musk, Tesla, , Bitcoin, Edward Moya, Meltem Demirors, “ Elon, bitcoin, Demirors, Mark Humphery, Jenner Organizations: Reuters, Tesla, REUTERS, University of Cambridge, International Energy Agency, CoinShares, University of New, SpaceX, University of Cambridge’s, Alternative Finance, Officials Locations: Asia, Netherlands, University of New South Wales, CHINA, Beijing
Tesla Inc's (TSLA.O) top boss Elon Musk said that Tesla is tweaking its self-driving software to "eliminate the phantom braking problem" and may release a significantly improved version within the next two to three weeks. "I think we’re maybe a month or two away from wide beta. In April, Musk said he would be "surprised" if wide beta service was available later than June, calling a May launch "aspirational." In March, Tesla told California regulators that it may not achieve full self-driving technology by the end of this year. read moreSubscriptions to the software for the system would be offered within a month, Musk said, without elaborating further.
Persons: Tesla, Elon Musk, Musk, Shannon Stapleton Organizations: REUTERS, Thomson Locations: Texas, Brooklyn, New York City, U.S, California
But they detailed contrasting deployment plans, with Waymo starting with "drivered operations" and Cruise expecting to deploy vehicles without humans behind the wheel. read moreCruise, backed by General Motors Co (GM.N), Honda Motor Co Ltd (7267.T) and SoftBank Group Corp (9984.T), has focused on San Francisco since its beginning. They would operate around the clock, offering rides or transporting goods on roadways with posted speed limits of up to 65 mph in San Francisco and in the northern part of bordering San Mateo County. The timeline for revenue-generating deployment of self-driving vehicles has been pushed back repeatedly. This year, Waymo also has been discussing collaborating with San Francisco transportation authorities and university labs to secure an unspecified U.S. Department of Energy grant "to investigate the use of AVs to provide first-/last-mile transit service" in San Francisco, according to public records seen by Reuters.
Persons: Caitlin O’Hara, Cruise, Waymo, driverless, John Krafcik, Chandler, Grayson Brulte, Timothy Papandreou Organizations: Chrysler Pacifica Hybrid, REUTERS, Reuters, Waymo, California's Department of Motor Vehicles, Google, General Motors Co, Honda Motor Co, SoftBank Group Corp, San, DMV, Grill Inc, Cruise, California Public Utilities Commission, Chrysler Pacifica, Pace, SoftBank's Vision, Advisors, Department of Energy, Thomson Locations: Chandler , Arizona, San Francisco, Phoenix, Chandler, Arizona, Waymo, California, Silicon, San Mateo County
But they detailed contrasting deployment plans, with Waymo starting with "drivered operations" and Cruise expecting to deploy vehicles without humans behind the wheel. read moreCruise, backed by General Motors Co (GM.N), Honda Motor Co Ltd (7267.T) and SoftBank Group Corp (9984.T), has focused on San Francisco since its beginning. They would operate around the clock, offering rides or transporting goods on roadways with posted speed limits of up to 65 mph in San Francisco and in the northern part of bordering San Mateo County. The timeline for revenue-generating deployment of self-driving vehicles has been pushed back repeatedly. This year, Waymo also has been discussing collaborating with San Francisco transportation authorities and university labs to secure an unspecified U.S. Department of Energy grant “to investigate the use of AVs to provide first-/last-mile transit service” in San Francisco, according to public records seen by Reuters.
Persons: Caitlin O’Hara, Cruise, Waymo, driverless, John Krafcik, Chandler, Grayson Brulte, Timothy Papandreou Organizations: Chrysler Pacifica Hybrid, REUTERS, Reuters, Waymo, California's Department of Motor Vehicles, Google, General Motors Co, Honda Motor Co, SoftBank Group Corp, San, DMV, Grill Inc, Cruise, California Public Utilities Commission, Chrysler Pacifica, Pace, SoftBank's Vision, Advisors, Department of Energy, Thomson Locations: Chandler , Arizona, San Francisco, Phoenix, Chandler, Arizona, Waymo, California, Silicon, San Mateo County
REUTERS/Carlo Allegri/File PhotoTesla Inc (TSLA.O) told a California regulator that it may not achieve full self-driving technology by the end of this year, a memo by the California Department of Motor Vehicles (DMV) showed. Tesla is at Level 2 currently," the California DMV said in a memo about its March 9 conference call with Tesla representatives, including autopilot engineer CJ Moore. The California DMV, Tesla and Moore were not immediately available for comment. "Tesla indicated that they are still firmly in L2," California DMV said in the memo. The California Highway Patrol is investigating why a Tesla vehicle crashed into an overturned truck on a highway near Fontana, California, on Wednesday, killing the Tesla’s driver.
Persons: Carlo Allegri, Elon Musk, Tesla, Musk, CJ Moore, Elon, Moore Organizations: REUTERS, Tesla, California Department of Motor Vehicles, Twitter, California DMV, Patrol, Thomson Locations: Manhattan, New York City , New York, U.S, California, Fontana , California
The remains of a Tesla vehicle are seen after it crashed in The Woodlands, Texas, April 17, 2021, in this still image from video obtained via social media. Police said it was apparent that there was no one in the driver's seat at the time of the crash. read moreOn Monday, Tesla refuted police's claims, saying a deformed steering wheel suggested that someone was likely in the driver’s seat. "The sooner we can get out the preliminary report out the better it will be for everybody to provide as much clarity as possible," she said, saying the report will be based on solid facts. Tesla Chief Executive Elon Musk tweeted earlier that data downloaded by Tesla indicate the vehicle was not operating on Autopilot, its semi-autonomous driving system.
Persons: SCOTT J, ENGLE, Kristin Poland, Tesla, police's, Elon Musk Organizations: U.S, Reuters, National Transportation Safety, Tesla, Police, NTSB, Thomson Locations: The Woodlands , Texas, Texas
The remains of a Tesla vehicle are seen after it crashed in The Woodlands, Texas, April 17, 2021, in this still image from video obtained via social media. Earlier this month, a Tesla Model S smashed into a tree in Texas and burst into flames, killing one occupant found in the front passenger seat and the owner in the back seat. Police said it was apparent that there was no one in the driver's seat at the time of the crash. read moreOn Monday, Tesla refuted police's claims, saying a deformed steering wheel suggested that someone was likely in the driver’s seat. "The sooner we can get the preliminary report out the better it will be for everybody to provide as much clarity as possible," she said, saying the report will be based on solid facts.
Persons: SCOTT J, ENGLE, Kristin Poland, Tesla, police's, Elon Musk, Palmer Buck Organizations: U.S, Reuters, U.S . National Transportation Safety Board, Tesla, Police, NTSB, The Woodlands Fire Department, Fire, Thomson Locations: The Woodlands , Texas, Texas, Poland
read more (Graphic on options payout)"Higher regulatory credits, lower taxes, and bitcoin sales buoyed financial results. Tesla trimmed its bitcoin position by 10% during the quarter, which contributed to a small gain in first-quarter financials. Musk said Tesla will have 2 million cars on the road next year, up from more than 1 million cars now. In the United States, Tesla's full self-driving software is facing new federal investigations following 28 crashes of Tesla vehicles, including a recent one in Texas that killed two. Tesla earned $518 million from sales of regulatory credits in the first quarter, up 46% from a year earlier.
Persons: Elon Musk, Craig Irwin, Tesla, Zachary Kirkhorn, Peter Hanks, DailyFX.com, we've, Musk Organizations: REUTERS, Tesla, Capital, Volkswagen, Ford Motor, Analysts, Thomson Locations: Bern, Switzerland, China, Shanghai, Texas, Berlin, United States
Tesla said proceeds from sales of digital assets amounted to $272 million with a $101 million "positive impact". Tesla earned $518 million from sales of those credits, up 46% from a year earlier. "Higher regulatory credits, lower taxes, and bitcoin sales buoyed financial results. Tesla posted record deliveries in the first quarter despite a global chip shortage that has slammed auto sector rivals. Musk said it had "some of the most difficult supply chain challenges," citing a chip shortage.
Persons: Tesla, Zachary Kirkhorn, Musk, Elon Musk, Craig Irwin, We're Organizations: REUTERS, Tesla, Capital, Revenue, Analysts, Refinitiv, Police, Reuters, Thomson Locations: Bern, Switzerland, Shanghai, China, Texas, Berlin, United States
That’s crazy!”In January, Musk announced his intention to offer $100 million in prizes and set out the contest rules on Thursday, Earth Day. While countries are working to reduce emissions, scientists say carbon removal technology will also be crucial to the goal of getting emissions to net zero by 2050. Venture capital-backed carbon removal companies raised $336.5 million last year, according to PitchBook. The United Nations has said carbon removal technology is needed to limit increase in planetary warming and avoid catastrophic climate impacts. But some environmentalists have argued that focusing on carbon removal reflects a lack of resolve to end the use of fossil fuels.
Persons: Elon Musk, Todd Howard, Mike Blake “, , Musk, ” Musk, Tesla, Peter Diamandis, XPRIZE, Bill Gates Organizations: Reuters, Billionaire, REUTERS, Tesla Inc, XPRIZE, Venture, CarbonCure Technologies, Amazon.com Inc, United Nations Locations: Los Angeles , California, U.S, Silicon Valley, Canada
In January, Musk announced his intention to offer $100 million in prizes and set out the contest rules on Thursday, Earth Day. While countries are working to reduce emissions, scientists say carbon removal technology will also be crucial to the goal of getting emissions to net zero by 2050. Musk's $100 million XPRIZE Carbon Removal is aimed at finding a viable solution for taking 1,000 tonnes out of the atmosphere annually, with potential to scale up dramatically. The United Nations has said carbon removal technology is needed to limit increase in planetary warming and avoid catastrophic climate impacts. But some environmentalists have argued that focusing on carbon removal reflects a lack of resolve to end the use of fossil fuels.
Persons: Elon Musk, Todd Howard, Mike Blake Billionaire, Musk, Tesla, Peter Diamandis, XPRIZE, Bill Gates Organizations: REUTERS, Tesla, XPRIZE, Venture, CarbonCure Technologies, Amazon.com Inc, United Nations, Thomson Locations: Los Angeles , California, U.S, Silicon Valley, Canada
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