Lifeboat Foundation

Magna’s drivetrain technology is aimed at electrifying the pickup vehicle segment.

Feb 14 (Reuters) — Tesla chief executive Elon Musk donated shares worth $1.95 billion in the world’s most valuable automaker to charity last year, a filing with the U.S. Securities and Exchange Commission (SEC) showed on Tuesday.

Musk donated about 11.6 million shares between August and December last year, according to the filing, which did not say which organization or organizations were the recipients.

The world’s second-richest person now owns around 13% of Tesla.

The losses for short-sellers betting against Elon Musk’s electric vehicle company have ballooned to $7.6 billion over the past month, making it the least profitable short position for hedge funds, according to data from S3 Partners.

The swift one-month surge in Tesla stock has wiped out about half of the gains short-sellers made last year betting against the company. At the end of December, short-sellers had made a $15 billion profit in 2022, making Tesla the most profitable short of the year.

Shares of Tesla have been on a rollercoaster following vehicle price cuts and a weaker-than-expected fourth-quarter delivery number. But on the company’s most recent earnings call, Musk reaffirmed the company’s long-term growth target of 50%.

The Volkswagen models seen here are among many that will disappear from our roads as internal combustion engines go the way of the dinosaur.

There are over 1.4 billion cars on the road today. A small but growing number are no longer powered by the internal combustion engine.

EAST PALESTINE, Ohio (WKBN) – The U.S. Environmental Protection Agency sent a letter to Norfolk Southern claiming it failed to properly dispose of contaminated soil after the train derailment in East Palestine.

According to the letter, “Five railcar tankers of vinyl chloride were intentionally breached; the vinyl chloride was diverted to an excavated trench and then burned off. Areas of contaminated soil and free liquids were observed and potentially covered and/or filled during reconstruction of the rail line including portions of the trench /burn pit that was used for the open burn off of vinyl chloride.”

Some people who live near the derailment site in East Palestine, Ohio, fear they and their animals may be exposed to chemicals through the air, water and soil.

Electric buses could help solve the problem. Today Bhattacharya is the CEO and co-founder of BasiGo, a mobility startup racing to electrify the city’s buses. The company is not alone. Swedish-Kenyan electric vehicle manufacturer Roam also has its eyes set on Nairobi’s mass transport sector. Both are rolling out fleets of buses this year that could mark the start of a new chapter for city’s famous matatu culture.

During the early days of the coronavirus pandemic in Nairobi, Kenya, something improbable happened: a mountain appeared. To curb the transmission of the virus, authorities called on the city’s thousands of private bus operators to cease trading. “Within three days, the air completely cleared,” recalls entrepreneur Jit Bhattacharya. “You could see Mount Kenya … crystal clear,” some 90 miles away.

Bhattacharya also saw an opportunity. Kenya produces 90% of its electricity from renewable sources – mostly geothermal and hydropower – and has surplus grid capacity, yet it imports nearly all its petroleum fuels. What if clean energy could be channeled into the transport sector? Maybe it could help the city clean up its act. Maybe Mount Kenya could become a permanent feature for Nairobi once more.

Continue reading “Electric buses are driving a silent revolution in Nairobi” »

Though no one died in the accident, the catastrophe serves as a wake-up call to the potential for more deadly freight rail derailments, public health advocates warn. By one estimate, 25 million Americans live in an oil train blast zone, and had the derailment occurred just a few miles east, it would be burning in downtown Pittsburgh, with tens of thousands of residents in immediate danger.

Ineffective oversight and a largely self-monitoring industry that has cut the nation’s rail workforce to the bone in recent years as it puts record profits over safety is responsible for the wreck, said Ron Kaminkow, an Amtrak locomotive engineer and former Norfolk Southern freight engineer.

“The Palestine wreck is the tip of the iceberg and a red flag,” said Kaminkow, who is secretary for the Railroad Workers United, a non-profit labor group that coordinates with the nation’s rail unions. “If something is not done, then it’s going to get worse, and the next derailment could be cataclysmic.”

Challenger search engine Neeva wants to replace the familiar “10 blue links” in search results with something more fitting for the modern AI age.

Back in December, Neeva co-founder and CEO Sridhar Ramaswamy, who previously spearheaded Google’s advertising tech business, teased new “cutting edge AI” and large language models (LLMs), positioning itself against the ChatGPT hype train.

“ChatGPT cannot give you real time data or fact verification,” Ramaswamy wrote at the time. “In our upcoming upgrades, Neeva can.”