Chinese firms prepare to charge into Europe’s electric car marketTesla could be in for a shock as far-eastern rivals use cheap money to gain traction among affluent western car buyers Chief executive William Li at the launch of Nio’s ET7 saloon in Chengdu, China. Photograph: AFP/Getty Images
The cryptocurrency, which first started up as a joke in 2013, now has a market cap of more than $50bn.
Tesla Inc has settled a lawsuit against a former employee who copied the source code of the electric vehicle (EV) maker's Autopilot technology, according to a U.S. district court filing dated April 15. Tesla filed the lawsuit in 2019, saying its employee Cao Guangzhi, who worked at Tesla for two years, copied the source code before in January 2019 joining XMotors, the U.S. unit of Chinese self-driving car startup Xpeng Inc. Terms of the settlement, which included a monetary payment made by Cao to Tesla, were not disclosed.