Tesla’s model lineup has been very stagnant for a very long time. New models have shown up, diversifying the options on showroom floors, but the company’s oldest offerings have remained largely the same since their introduction. The age of the Model S and Model X has clearly been hitting sales, but now Tesla is trying to hide that story with its sales reporting.
A hacker exposed nearly 10 billion passwords in what’s been dubbed as possibly the largest such leak of all time.
The user “ObamaCare” posted the passwords in a file titled “RockYou2024” to an online hacking forum on July 4, according to the Cybernews, raising the concern that other hackers could use the data for cyber attacks. The massive dataset adds 1.5 billion new plain text passwords obtained from data leaks to a previous compilation posted in the same forum in 2021, similarly titled “RockYou2021.”
The Biden Administration announced Thursday it would dole out $1.7 billion to help automakers convert at-risk or shuttered manufacturing and assembly plants to make electric vehicles or hybrids.
Elon Musk’s takeover of Twitter, now X, has been a struggle — and now it looks like the platform’s user growth has stalled.
According to figures seen by the Financial Times, X said its number of global daily active users was 251 million in the second quarter of this year — just 1.6% above what it was a year ago. Before Musk acquired the social media platform for $44 billion in October 2022, Twitter had experienced double-digit year-over-year growth, including 33.8% growth in the second quarter of 2022.
Lucid Motors on Monday posted strong deliveries for the April to June period as the electric vehicle maker continues its restructuring and bets its future on a new SUV.
Microsoft employees based in China are reportedly being required to ditch Androids for iPhones as part of the company’s cybersecurity measures.
Bloomberg, citing an internal memo, reports that starting in September, staff in China will be required to use Apple products for identity verification on work computers and phones. The requirement is to ensure hundreds of China-based staff use the Microsoft Authenticator password manager and Identity Pass app, Bloomberg reports. It’s part of the tech giant’s global Secure Future Initiative.
For the first time, Tesla’s share of the electric vehicle market has fallen to less than 50% in a quarter. But investors don’t seem to mind much.
Tesla’s U.S. sales declined by 6.3% during the second quarter of 2024, even as rivals like General Motors and Hyundai Motor saw their EV sales grow, propelling the industry to a record 330,463 units sold, according to Cox Automotive. Electric vehicles as a whole accounted for 8% of total auto sales between April and June, up from 7.2% in 2023.
Tesla is replacing one of the electric motors in the Cybertruck after less than a year on the road. While the Elon Musk-led manufacturer states the new drive unit is more efficient and reliable, this isn’t a typical upgrade for trucks that have yet to roll out the assembly line. Tesla is contacting owners of already delivered Cybertrucks to direct them to to a service center where the motor will be replaced free of charge.
China’s largest electric vehicle company has signed a deal to build a $1 billion factory in Turkey as it continues to expand around the world.
BYD — or Build Your Dreams — is expected to build a factory capable of producing 150,000 EVs and plug-in hybrids annually, as well as a research and development center. Work on the facility is planned to start in late 2026, according a statement from Industry and Technology Minister Mehmet Fatih Kacir on social media. As many as 5,000 jobs are expected to be created.
