This could be a hiccup for Elon Musk's China ambitions...revenge over Huawei?

Tesla cars banned by China military on concerns over cameras

Tesla cars have been banned from Chinese military complexes and housing compounds because of concerns about sensitive data being collected by cameras built into the vehicles.

The order, issued by the military, advises Tesla owners to park their cars outside of military property, according to people familiar with the directive who asked not to be identified because the information is private. The ban, relayed to residents of military housing and others this week, was triggered by concerns that the world’s biggest maker of electric vehicles is collecting sensitive data via the cars’ in-built cameras in a way the Chinese government can’t see or control, one of the people said.

Full: https://www.smh.com.au/technology/tesla ... 57crm.html

Doc67 wrote: ↑Thu Jul 02, 2020 8:26 pm Tesla becomes world's most valuable carmaker without making a profit

It's a funny old world.



Tesla has overhauled Japanese rival Toyota to become the world’s most valuable automotive company.

Despite never having made a profit, the billionaire Elon Musk’s electric car manufacturer has been tipped by some pundits to achieve a valuation of more than $1tn (£800bn) as demand for electric vehicles soars.

Shares in Tesla climbed by more than 4% during Wednesday to more than $1,100 apiece, giving the company a valuation of $209bn, ahead of Toyota on $205bn. The increase means Tesla has now outstripped Toyota on the stock market, even factoring in differences in the way that companies are valued in the US and Japan.

The rise in Tesla’s share price is doubly good news for Musk, who enjoys a controversial pay arrangement linked to the company’s stock market performance that could theoretically hand him a $55bn bonus.

Under the scheme corporate governance experts have described as “staggering”, Musk must build Tesla into a $650bn company over the next 10 years, meaning the company’s share price will have to more than treble from Wednesday’s price of $209bn.

https://www.theguardian.com/technology/ ... g-a-profit

The total valuation is strongly correlated to (discounted) future expected cash flows (and profits) + some adjustments for other assets.

Here,
you can now buy a nice new Tesla with a bitcoin,

https://techstory.in/dont-buy-tesla-wit ... heres-why/

While on the subject has anyone or do you know anyone that has used the bitcoin exchange that is advertised on CEO, ? ?