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Added on the 23/04/2019 09:33:53 - Copyright : Wochit
Last year Tesla CEO Elon Musk predicted autonomous driving would boost his company's market capitalization to $500 billion. On Monday, Tesla's market cap soared as high as $498 billion even though Tesla is still refining its self-driving software. Business Insider reports that it has only released a beta version to a limited number of customers. Musk made the claim during an investor call in May 2019, when Tesla's market cap was less than $45 billion, CNBC reported. The Tesla chief projected in 2015 that his company's market cap could balloon to $700 billion by 2025.
Sunday was a momentous day for entrepreneur and billionaire Elon Musk's proposed Hyperloop transportation system. A team from the Delft University of Technology took home the first prize in a world-wide competition set up by SpaceX founder Musk to design and build a Hyperloop pod. They came out on top of two other teams during a test run of their pod in Los Angeles on Sunday. The Delft team was one of three to proceed to the final stage of the competition, with a team from the Technical University of Munich winning the award for the fastest Hyperloop pod and the Massachusetts Institute of Technology coming third overall. The SpaceX Hyperloop competition began in 2015, but this year was the first time participants in the final were able to test their Hyperloop pod on a mile-long track. Hyperloop is billed as the next generation of ultra-fast transportation. Transport pods will shoot through a closed vacuum tube at speeds of over 700 miles per hour.
If you've been keeping track of new technology, you have probably heard of self-driving cars. Well, driverless cars took a major leap forward last weekend in Germany. German Transport Minister Alexander Dobrindt and chairman of Deutsche Bahn Ruediger Grube were among the passengers of the first self-driving bus journey in Germany, a development that may radically change transportation, not only in Europe, but all over the world. The bus, dubbed “Olli”, made several rounds around the Euref-Campus premises in Berlin, and is due to undergo further testing in DB’s Bavaria-based Bad Birnbach test track before it will can be approved to hit the open roads.