Tesla's Musk sees millions of cars operating fully autonomously by mid-2026
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Yahoo
42 minutes ago
- Yahoo
Warning as photo of $10,000 Tesla item reveals new secondhand trend
Thousands of Australian homeowners and businesses are embracing new technology to provide bankable power to their premises as battery technology continues to evolve. And some are even experimenting with "cowboy" set-ups as batteries from discarded electric vehicles become more common in secondhand markets around the country. It's not the type of thing you expect to buy on Facebook Marketplace, but one current ad, ostensibly from a warehouse in Melbourne shows a number of large Tesla batteries for sale. While the listing states the batteries – on offer for $10,000 each – were from a Tesla Model 3, they are "ready to be used as a large solar storage battery" suitable for large off grid or commercial purposes, the listing says. When approached by Yahoo, the seller was hardly forthcoming with information but said the batteries were "from written off cars mostly very low kms". When asked if the batteries came with any paperwork, they simply linked to a website for a lithium battery business based in Perth. While it's certainly possible to repurpose old car batteries for solar storage, there are serious risks involved and experts caution that it shouldn't be attempted by most people. If there's an exception to the rule, it's probably for someone like Stefan Maric who runs a lighting and electrical business in Greater Melbourne. He recently purchased a written off BYD for a measly $2,500 and used the battery as part of a solar storage system at a business site in Geelong. "We removed the battery, we have a forklift here on site, and we put it in a safe area where we could mechanically protect the battery," he told Yahoo News, stressing the safety measures his team took. That was about six months ago, he said, "and it's been running perfectly." The battery was from a BYD Atto 3 extended range, "which typically has a 60kwh battery and basically there are certain CAN-bus protocols (a centralised communication component known as a Controller Area Network bus) that can be used to communicate with certain inverters which are your typical solar inverters," he explained. "The important thing, from my perspective is to ensure that all of those cells are being charged and discharged within their parameters – and that's what this CAN-bus enables." Avalanche of EV models set to hit Australian market Driveway photo shows major shift Aussie homeowners are making Growing EV graveyards concerns as change looms for EV industry Stefan said the exercise was "a learning curve" and partly about better understanding the potential of repurposing such batteries for commercial means, but admitted it also proved immensely cost effective and saved tens of thousands of dollars compared to buying a comparable system from a wholesaler. He warned that you need to be qualified to embark on such a project, however. "It's still technically considered low voltage when you're talking electrical terms, but you will die if you touch live conductors," he told Yahoo. Warning over 'cowboy' battery market Australian battery refurbishing company InfinitEV, a subsidiary of ASX 200 listed Amotiv Limited, which says its main purpose is to extend the lifetime of batteries has also researched the business case of redirecting EV batteries for solar storage systems. "We do not see a commercial repurposed BESS (Battery Energy Storage System) application at the current volumes," the company's commercial manager Oscar Vall told Yahoo News. "Plain and simple, it's still quite a cowboy space," he said, adding that repurposing batteries in home storage systems is "not encouraged by the manufacturer and not encouraged by us". "There's a lot of people out there that will take the wrecked vehicle, take the battery out, and then try to make a battery energy storage system, bypassing a lot of safety aspects of that battery," he said. Ultimately the battery is being used in an environment it wasn't necessarily designed for and while a storage system is likely to put less stress on a battery than a car, if not done well there can be real risks, he warned. "There's a lot of safety implications of doing this, and I will definitely not like to be the insurer of the property that has a battery like that stuck on the wall." InfinitEV has explored the commercial possibilities of repurposing EV batteries and recently teamed up with Sustainability Victoria and another start-up to redirect multiple Nissan Leaf battery packs to create a 120kWh energy storage system to take a facility off-grid. Related: How recycling EV batteries can power the green transition "We can do it," Oscar said, admitting it's great as a PR exercise or experimental showcase, but currently doing it safely and at scale is not an enticing value proposition, he said. However he noted that could likely change when there electric car market in Australia further develops and there is "more feedstock", or discarded batteries, to supply such a potential business stream. Currently, he said "considering the amount of advanced battery systems coming out of China at a very low cost and already designed for this," it makes sense for most people and businesses to simply use them. Aussie homes embrace battery storage as rates surge As for Australian households, they are installing solar batteries at record rates this year, with more than 19,000 registered in a month. Figures released on Friday by market analysis firm SunWiz indicated consumers could more than double the number of home batteries installed in a single year. The surge, which was largely anticipated, comes after the launch of the federal government's $2.3 billion Cheaper Home Batteries Program, which offers rebates of up to 30 per cent for the installation of the home system, a policy trying to leverage the high rates of rooftop solar already in Australia. On Monday, Federal Energy Minister Chris Bowen took to social media claiming his government had delivered 15,325 "cheaper" home batteries in "just four weeks" since the program commenced at the start of July. Do you have a story tip? Email: newsroomau@ You can also follow us on Facebook, Instagram, TikTok, Twitter and YouTube.
Yahoo
4 hours ago
- Yahoo
Elon Musk Warns of Losing Tesla Control, Denies Personal Loans Tied To Shares
Elon Musk, the CEO of Tesla Inc. (NASDAQ:TSLA), has expressed concerns over potentially losing control of the electric vehicle giant due to the influence of activist shareholders. What Happened: Musk, who currently owns a 12.8% stake in Tesla, is apprehensive about being dethroned by shareholders who may not align with his vision for the company's future. He suggests that a 25% ownership stake would offer him adequate influence, while still leaving room for his possible removal. Musk's fears are rooted in past instances where shareholders voted in favor of a compensation package tied to the company's growth targets, only to be overruled by Delaware Chancery Court Judge Kathaleen McCormick. Earlier in January in a post on X, he shared that about 25 percent ownership stake would be enough "to be influential, but not so much that I can't be overturned.'Musk has the opportunity to acquire an additional 304 million shares, which would boost his voting control by roughly 4% post-tax. Also Read: Elon Musk Returns To Intense Work Schedule: 'Back To Working 7 Days a Week and Sleeping in the Office' In a recent statement on Friday on X, Musk affirmed that he has no personal loans against Tesla stock and reiterated his anxieties about being ousted by 'activist shareholders'. He expressed optimism that these concerns would be addressed at the forthcoming shareholders' are rumors that Musk may resign if his ownership stake is curtailed, akin to the limitations imposed on his pay package. Nonetheless, a majority of shareholders who endorsed Musk's pay package continue to support his leadership of Tesla's operations. Why It Matters: Musk's concerns highlight the potential power dynamics at play within Tesla's shareholder base. His potential loss of control could significantly impact the company's strategic direction, given his instrumental role in shaping Tesla's innovative trajectory. The upcoming shareholders' meeting will be a critical event, potentially determining the future of Musk's leadership at Tesla. Read Next Elon Musk Commits To Intense Focus on X/xAI and Tesla: 'Back To Spending 24/7 at Work, Sleeping in Conference/Server/Factory Rooms' Image: Shutterstock Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? TESLA (TSLA): Free Stock Analysis Report This article Elon Musk Warns of Losing Tesla Control, Denies Personal Loans Tied To Shares originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Miami Herald
4 hours ago
- Miami Herald
Your EV Battery Is Spying on You: MIT Research Uncovers Hidden Location & Privacy Threats
Think your shiny new electric vehicle keeps your secrets safe? Think again. Researchers from MIT recently proved that the innocent-looking battery gauge on your dashboard can betray your personal details to anyone tech-savvy enough to look. Simply put, the way your EV uses power isn't just about range anxiety - it's broadcasting your location and driving habits in surprising detail. This on top of the discovered cyber risks I detailed in previous articles. Related: Your Car Could Be Held for Ransom: The Rise of Automotive Cyber Attacks MIT researchers demonstrated how a seemingly harmless detail - battery power consumption - could expose sensitive data. They monitored electricity draw from batteries and linked specific consumption patterns to routes, speeds, and even driver identities. Turns out, every driver's habits create unique "fingerprints" in power consumption. It's as if your battery is dropping digital breadcrumbs wherever you go. This revelation isn't trivial. Unlike your smartphone, you can't simply install antivirus software on your car battery. And unlike a Tesla's touchscreen, battery data isn't password-protected. Anyone with basic hacking tools could, in theory, use this data to pinpoint your commute, figure out where you live, or even track your kids' school drop-offs. Related: Bricked in 14 Minutes: The Hidden Risk That Could Kill Your Tesla According to the researchers, primarily, skilled hackers pose the greatest threat. They can intercept battery data to track your driving patterns, habits, and locations, potentially leading to identity theft, stalking, or burglary. Additionally, government agencies or law enforcement (if that behavior worries you) might exploit battery data for surveillance or tracking purposes, often without explicit consent. Automakers also collect detailed battery performance data, but vulnerabilities mean unauthorized third parties could access this data, either maliciously or commercially. As vehicles become increasingly connected to mobile apps and Wi-Fi networks, these connections present another potential vulnerability point for data interception. Hackers primarily use indirect methods known as side-channel attacks. These attacks analyze subtle patterns in battery power consumption, allowing them to decipher specific routes and driving habits. Public charging stations or compromised home chargers provide attack vectors and can log your battery's energy patterns, potentially providing a way for unauthorized monitoring. Let's put that in context. Picture a typical day running errands. Researchers found your battery's unique consumption pattern could reveal that you hit Starbucks at 7:15 am, clock 15 freeway miles at 75 mph, and spend precisely 42 minutes parked at Target. And pick up your kids at their playgroup at 3.20pm, Monday, Wednesday, and Friday. That's creepy if you ask me. And how about longer trips? On road trips over 150 miles, distinct battery signatures pinpointed exact rest stops, hotel stays, and even recreational detours with astonishing precision. For privacy-conscious drivers, put mildly this raises some serious red flags. As for usability, modern EVs like Tesla's Model Y with a 75 kWh battery or Ford's Mustang Mach-E with 91 kWh packs aren't designed with this vulnerability in mind. Both vehicles boast impressive specs - Model Y hits 0-60 mph in 4.8 seconds; Mach-E manages it in about 4.9 seconds. But, just like with public charger hacks and ransomware, neither maker – indeed no EV maker – yet addresses how battery power data could compromise your privacy. Cabin comforts and slick infotainment systems won't help here. Sure, the Mustang Mach-E's plush interior makes highway cruising effortless, and Tesla's minimalist cockpit is pretty and impresses tech fans, but none of that protects your privacy. Unfortunately, this isn't some theoretical scenario - it's real research from credible experts, revealing a vulnerability automakers haven't yet addressed. Should you toss your Model Y or Mach-E out of panic? No, but be aware. The MIT study makes it clear: battery data isn't just about mileage - it's a privacy leak waiting to happen. And, of course, this is only a matter for those who care about their privacy and don't like to be hacked, tracked, or spied on. Enthusiasts love EVs for their acceleration and tech-packed cabins. But this privacy flaw demands serious attention. Carmakers need to step up their game and close this loophole. Fast. Until then, remember: Big Brother might not be watching, but your battery just might be telling him where you are. Copyright 2025 The Arena Group, Inc. All Rights Reserved.
