Tesla has proposed a new 10-year compensation plan for CEO Elon Musk that could be worth as much as $ 1 trillion even as the EV maker’s car business stumbles and it sets its sights on humanoid robotics and AI. The company has tied the compensation to a number of benchmarks, one of which involves […]
Tesla challenges $243 million verdict in Autopilot death trial
Tesla has asked a judge to nix the $ 243 million verdict lodged against the company in a lawsuit involving its Autopilot system, or to allow a new trial to occur, according to a new court filing. The company’s lawyers argue that the verdict, which a jury made earlier this month, “flies in the face […]
Tesla could have avoided that $242.5M Autopilot verdict, filings show
Months before a jury awarded a $ 242.5 million verdict against Tesla over its culpability in a 2019 fatal crash, the automaker had a chance to settle for $ 60 million. Instead, Tesla rejected that offer, according to new legal filings that were first reported by Reuters. The settlement proposal, which was made in May, […]
Elon Musk confirms shutdown of Tesla Dojo, ‘an evolutionary dead end’
Elon Musk confirmed over the weekend reports that Tesla has disbanded the team working on its Dojo AI training supercomputer, just weeks after announcing he expected to have Tesla’s second cluster operating “at scale” in 2026. “Once it became clear that all paths converged to AI6, I had to shut down Dojo and make some […]
Tesla shuts down Dojo, the AI training supercomputer that Musk said would be key to full self-driving
Tesla is breaking up the team behind its Dojo supercomputer, ending the automaker’s play at developing in-house chips for driverless technology, according to Bloomberg. Dojo’s lead, Peter Bannon, is leaving the company, and the remaining team members will be reassigned to other data center and compute projects within Tesla, per Bloomberg’s reporting, which cited anonymous […]