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Daily Archives: July 9, 2023
Musk sues law firm for $135m bill on Twitter deal – The Australian Financial Review
Posted: July 9, 2023 at 2:56 am
Twitters legal battle with Mr Musk engaged dozens of lawyers on both sides for months, some charging upwards of $US1000 ($1500) an hour leading Columbia University law professor John Coffee to speculate that total legal fees could have exceeded $US1 billion ($1.5 billion) if the case had gone to trial.
X Corp claims that by arranging to bill Twitter its hourly rates instead of taking the case on a contingency basis, Wachtell undertook absolutely no risk in obtaining its mammoth success fee. Moreover, the companys agreement with the law firm does not even specify the amount of the success fee, let alone any formula or percentage used to arrive at that figure, according to the complaint.
The suit also faults lame duck executives at the social media platform who went on a legal spending spree before Mr Musk took control.
Fully aware that nobody with an economic interest in Twitters financial wellbeing was minding the store, Wachtell arranged to effectively line its pockets with funds from the company cash register while the keys were being handed over to the Musk parties, according to the complaint.
Bloomberg
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`Insane`: Elon Musk Reacts To His Viral Baby Picture, Netizens Say This – Zee News
Posted: at 2:55 am
Twitter CEO Elon Musk is often in the headlines for various reasons. At times, his reactions to certain posts on social media make him the center of everyone's attention. Adding to the series of such posts, Musk's reaction to a photo of "Baby Elon" is going viral on social media now. Netizens are already enticed by the pictures of baby Musk is not hung up on his reaction to his childhood pictures. Reacting to his picture, the billionaire said that he looks "insane."
A Twitter user going by the handle K10 posted the image. The Twitter CEO seems to be grinning and with a glitter in his eyes in the very old sepia photograph. When the photo was taken, Musk appeared to be between 7 and 12 months old.
Also read:Meta's Twitter Rival 'Threads' Crosses 90 Mn Sign-Ups
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The post was shared on Twitter with the caption, saying, "The baby that would become the Inventor of the Car Fart, aim for Mars, & make Electric Cars an everyday sight seen on roads around the World .. Elon Baby." To which Elon Musk reacted, saying, "I look insane lol."
The baby picture of the billionaire is now viral with over 1.6 million views and continues to get more. Along with it, the post is getting a lot of reactions from the netizens. Commenting on the post, one of the social media users said, "Happy little fellow!" Another user said, "Adorable, the little Elon." While others made a light-hearted comment, saying, "He looks like someone who knows one day hell be the richest man in the world!"
In the meantime, Mr. Musk filed a lawsuit against the prestigious law firm Wachtell, Lipton, Rosen & Katz to recoup the majority of the $90 million fee Twitter paid it for blocking his attempt to back out of his $44 billion acquisition of the social media giant.
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`Insane`: Elon Musk Reacts To His Viral Baby Picture, Netizens Say This - Zee News
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Mark Zuckerberg Trolls Elon Musk Over Threads With First Tweet … – The Daily Beast
Posted: at 2:55 am
Meta CEO Mark Zuckerberg hasnt touched Twitter in over a decade, but he couldnt help himself on Wednesday night as millions of users flocked to his rival app, Threads. In his first tweet since January 2012, Zuckerberg seemed to taunt Elon Musk with a meme of two identical Spidermans pointing at one another. The launch of Threads comes after Musk made a series of controversial changes since taking over Twitter, including paid verification and paywalls, daily post restrictions, and content moderation updates that have caused hate speech to skyrocket. The goal is to keep it friendly as it expands, Zuckerberg wrote in a post on Threads. I think its possible and will ultimately be the key to its success. Thats one reason why Twitter never succeeded as much as I think it should have, and we want to do it differently. Musk has taken his own swipes at Zuckerberg, tweeting It is infinitely preferable to be attacked by strangers on Twitter, than indulge in the false happiness of hide-the-pain Instagram.
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An Elon Musk-Controlled Charging Network Imperils The EV … – Jalopnik
Posted: at 2:55 am
Its becoming increasingly clear that the EV transition is a lot more fragile than automakers and policymakers are letting on. True, demand for electrified cars and trucks is generally up, but automakers, both legacy and new are struggling with selling electric vehicles profitably and overcoming the very real concerns EV intenders have about the public charging infrastructure. Its no longer all that hard to find an EV thats capable of driving well over 200 miles on a single charge, but it seems that the recharging experience is starting to crystallize as the make-or-break part of EV ownership. One brand has acted as a sort of measuring stick for the consumer EV experience Tesla.
Tesla Investor Day 2023 Was Pretty Great if You Ignored Elon
The Tesla charging experience is very good, and legacy automakers and EV startups alike are desperate to impart that goodness to their own products. If it will help them sell EVs in the short term, theyll make a deal with a devil to remove a big barrier to entry into EV ownership. If someone who would otherwise be interested in one of your companys EVs is being dissuaded by reports of nightmare charging experiences, youd be motivated to get them access to the good chargers. It seems like that access to the Supercharger network is dependent on a deal that involves switching to Teslas once proprietary plug, now called NACS.
Now that Tesla CEO Elon Musk is the very visible head of Twitter, the things that auto industry experts have been saying about him for years are becoming clear to the public and the media who havent been covering Tesla. Its hard not to wonder, then, if we are leaving the EV revolution in the hands of a CEO that could be called vindictive, volatile, and possibly worst of all unreliable.
Until 2020, I didnt use Twitter. I was solely an Instagram and Facebook guy, posting my thoughts to a curated audience of people I at least somewhat knew. Then, when I found myself working as a journalist, reporting on the initial impact of COVID, and later the globe-gripping George Floyd protests, I hopped on. Bar none Twitter was the place to get on-the-minute updates on incredibly volatile situations by people who were actually on the scene. It was a great place to query opinions, and get all sorts of background information; the things that form the building blocks of strong journalism. It wasnt perfect or complete, but it was a hell of a jumping-off point.
But thats kind of all gone now. Twitter somehow survived a barrage of changes, and a severe reduction of staff at the behest of owner Elon Musk. But, the ad-hoc town hall created over the sites decade-long tenure, where journalists, regular people, entertainers, and even governments and emergency services gathered in a single meeting spot, was gutted. The sites culture has changed for the worse, as pay-to-play style $8-per month users are boosted to the top of everyones replies and newsfeed, regardless of whether theyre insightful or entertaining. Then on July 1, the site really started to grind to a halt.
With no announcement or run-up, Elon Musk announced that every single user had been rate limited. Verified users could view 6,000 posts, but the literal millions of unverified users would be limited to a mere 600 posts maximum (later revised to 800). This means the site became absolutely broken for *millions* of Twitter browsers, in every single country where Twitter exists.
Now, as automakers herald the switch to Teslas NACS plug, I cant help but wonder: Is this the best idea? Are Twitters woes merely a precursor to what well experience as users of Teslas supercharger network? Are automakers prepared to deal with the potential fallout related to leaving the DC fast charging network, and in turn, probably the future of EVs as a whole, in the care of one brand and one man? Is NACS actually as agnostic as Tesla says?
Obviously, Twitters rate-limiting stunt went over about as well as a wet fart in a crowded elevator. Left, right, and center have come together to decry and complain about how horrible the site is to use now. But the conversation we should have isnt about his app-breaking, nor is it really about the shape of the NACS plug, either. Its about Elon Musk, who moves unilaterally, often breaking things. Its become clear that theres no real way to check him or hold him accountable. Hes about to be put more or less in control of American EV infrastructure. To make matters worse, weve somehow come to believe that NACS is inherently part of the Supercharging experience.
Lets get this off the jump here, theres nothing inherently wrong with NACS, per se. Similar to how Full-Self-Driving isnt actually self-driving, the North American Charging Standard, technically isnt an actual vetted standard certified by a third party, at least not yet. The SAE says it plans to vet and certify it, but that hasnt happened yet and likely wont for a little while.
Still, NACS is essentially the plug that Tesla has used since the original Model S. Because Tesla vehicles never had to accommodate the J1772 AC charging standard, the NACS plug is significantly sleeker than the CCS plug, which simply adds two DC fast charging leads underneath the J1772 plug, making the whole setup kind of ugly and bulky. The NACS plug also has fewer moving parts, and its capable of potentially delivering a full megawatt of power through its sleek plug, or so Tesla says.
Its not all perfect, though. The jurys out if the Tesla plug standard can handle bi-directional power. Tesla essentially says coming soon but there doesnt appear to be actual technical information on how to make the vehicle-to-grid capabilities advertised by Ford, GM, and Hyundai, actually work via an NACS port.
However, as tantalizing as the technical specs of the NACS plug are, they arent all that relevant to the conversation. Its the thing that the NACS plugs are attached to the Tesla Supercharging network. After a difficult start to the EV infrastructure roll-out, everybody wants to get their hands on that thing.
Tesla Superchargers are the gold standard in DC fast charging, and for good reason. Its all a seamless process with Tesla-branded cars, just pull up, plug in, and then unplug and drive away when the process is done. That is often not the case with non-Tesla chargers. The Tesla chargers are generally reliable too. Tesla cites a 99.95% uptime statistic, although thats kind of misleading. Tesla cites any Supercharger location that has at least 50% of its chargers working, as 100% up, which contributes to that great uptime number. Still, compared with the competition, Tesla Superchargers just work, and they return good charging speeds in the process. By comparison, the bevy of CCS-based DC fast-charging services are notoriously unreliable, and charging speeds routinely underdeliver for reasons that are mostly never explained to the end user.
Teslas effort in building and maintaining Americas best EV charging network should be applauded. And, they have a massive head start. Another automaker taking it upon themselves to build a Supercharger network clone would be undertaking a long and expensive process.
But the Supercharging network is so damn good not because of the plug, but because Tesla has long understood that a reliable charging network is crucial to its survival. The company makes conveniently located, reliable chargers a priority. Just check out Europe; the EU low-key forced Tesla to switch to the CCS2 plug, and the European supercharger network still has the same excellent reputation.
Yet, unlike the EU where Tesla Superchargers are increasingly open to any EV that can DC fast charge, the North American Tesla Supercharging network has been open only to Tesla.
That is, until recently, when surprisingly online and accessible Ford CEO Jim Farley, took to Twitter right before a big holiday weekend to announce that Ford and Tesla had partnered up. Ford announced it was switching to NACS, and Ford vehicles will be allowed to use the Tesla Supercharging network. Soon, GM, Volvo, Rivian, and Polestar would follow up with similar announcements. For many, it seems like this is a win for EVs; Tesla has more than 12,000 DC fast charging stalls in the United States and Canada. It should be a win.
Yet, the win feels hollow. Instead of the Tesla Supercharging network being opened to all EV models, just like in Europe, it seems like access to the Supercharging deal is predicated on switching to NACS. Every single EV manufacturer that has announced access to the Tesla Supercharging network, has also announced it is switching to NACS. Polestars NACS announcement appears to acknowledge this; it straight-up says in its PR release title that it switched to NACS to gain access to the Supercharging network.
The switch to NACS wouldnt be such a big deal if Tesla and all of the other OEMs didnt prove when they made the deals that there was no technical reason why they couldnt have been using the Supercharger network all along. The deal is backward compatible for currently existing EVs with those brands, using an all-new, never-before-seen Supercharger to CCS adapter. That means that a 2017 Chevy Bolt could use the Supercharging network with no modifications, aside from an adapter.
Why? Well in part, its because Tesla vehicles actually adopted the CCS communication protocol back in 2019 or so. Thats why many modern Tesla cars can DC fast charge at CCS stations via an adapter. Clearly, the charging stations and cars all have the ability to talk to each other, nothings holding anything back, aside from the plug shape, which can quickly be rectified with an adapter. Why are we playing these stupid games? This is clearly not about the plug, is it?
Instead of democratizing the technology and letting any paying customer use it, we got weirdo backdoor deals that arent really expanding the charging infrastructure but only making a closed, private EV charging infrastructure a little more inclusive for the brands that opt-in. And worse still, opting in means forming a contract with a brand that is run by someone who doesnt honor contracts, and seems to have contempt for anyone who asks questions he doesnt like.
There are no checks and balances with Elon, hes not predictable, or reliable just check out what the hell happened to Twitter on July 1. The site broke, the official explanation as to why it broke doesnt make sense, and Musk is antagonistic to anyone who offers criticism or asks for help. Some say that Twitters change to block non-members from viewing the site caused it DDOS attack itself, overwhelming its servers with traffic. Others say that Twitter didnt pay its Google Services bill, and it frantically moved to get things moved out before it was locked out for nonpayment of services. Whatever the case, Twitter said the rate limits were to combat bots, and that Any advance notice on these actions would have allowed bad actors to alter their behavior to evade detection. The explanation feels curt and insubstantial.
Hes changed the amount that users are rate limited by at least twice. Even before Twitter went through the great rate limiting, he blocked non-users from viewing the site entirely. Between those two things, up-to-the-minute updates on breaking news from quality sources are straight-up inaccessible to a lot of people. These were bad decisions, made unilaterally, without care as to how theyll affect the user base.
My biggest fear is that any of the CEOs that have made deals with Tesla will cross Musk in some way that he deems unacceptable. Perhaps theyll have concerns with charging speed or quality of service, (Lucid and Hyundai/Kia EVs have reportedly had speed issues using V3 Superchargers), or maybe theyll want something more out of the still-undefined V2L capability of NACS. Then the deal will unwind, and the non-Tesla clientele will find themselves unable to use the Superchargers they thought they were entitled to. That would be a failure that I dont think even the most devout EV enthusiast could overlook.
But, the level of service that weve conflated with NACS and the Supercharging network, is just too damn good, huh? All that gnashing and very real criticism of Tesla, Musk, Twitter, and everything went out the window when an opportunity to gain access was created. Musk brought two of the biggest CEOs in legacy auto to heel, live on Twitter. He said Jump, and GM and Ford said, How high?
I get it establishing relationships with dozens of utility companies across the United States and Canada, managing the real estate the chargers lie on, and managing a staff of qualified technicians to service the stations themselves is a time-consuming, difficult, and expensive task. I see why other OEMs are sort of throwing in the towel, especially when theyre angling to sell cars today.
As the existing (not very good) third-party DC fast charging providers scramble to add the NACS plug to their existing and future DC fast charging machines, its not clear that theyll be able to fix the many other problems that non-Telsa EV owners are contending with.
I just hope for everyones sake that it all works out all right. Because if weve got Twitter to go by, then, well, good luck.
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An Elon Musk-Controlled Charging Network Imperils The EV ... - Jalopnik
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Elon Musk Pledges That Tesla Will Uphold ‘Core Socialist Values’ in … – The Daily Beast
Posted: at 2:55 am
Self-proclaimed free speech absolutist and Tesla CEO Elon Musk has promised the company will uphold core socialist values in China following a price war in the countrys electric vehicle market, the Financial Times reported. Tesla was the only foreign carmaker to sign the joint letter pledge with 16 manufacturers at an auto industry conference in Shanghai on Thursday. Failing to comply with core socialist values has been frequently used by authorities to punish speeches that are critical of the Chinese government, a senior China researcher with Human Rights Watch told the Times. Musks own social media platform, Twitter, is banned in the country, and he has been criticized for refraining from tweeting while visiting China. The seemingly at-odds commitment came after Tesla cut Model 3 and Model Y prices to compete with the growing domestic EV industry. In 2018, Musk revealed he was actually a socialist in a tweet, writing true socialism seeks greatest good for all. Tesla declined to comment to the Times on the pledge in China.
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