Tesla has been moving around a lot of Bitcoin to a new wallet, a first for the automaker who first cot into crypto a few years ago before getting cold feet.

What does this mean? Probably not much.

Tesla is among the few large public companies that invested some of their cash into cryptocurrency.

Early in 2021, Tesla invested $1.5 billion in Bitcoin. Shortly after, the automaker started accepting the cryptocurrency as payment on new vehicles.

However, a few days later, Tesla took a step back with crypto by removing the Bitcoin payment option. The company noted concerns over the energy needs of the Bitcoin network:

Tesla has suspended vehicle purchases using Bitcoin. We are concerned about rapidly increasing use of fossil fuels for Bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel.

This is a concern that many Tesla community members shared when Tesla first announced its Bitcoin investment, and many were angered by the fact that the company didn’t think about it in the first place.

At the time, Tesla noted that they were not selling their stake in Bitcoin and that they planned to resume taking Bitcoin payments once the network showed a higher mix of renewable energy.

Last year, Tesla made some moves that pointed to starting to take Bitcoin payments again, but it has yet to happen.

A year after the initial investment, Tesla’s Bitcoin holding increased to $2 billion, but the cryptocurrency lost a lot of its value in 2022 and the automaker’s position suffered – though the automaker also divested about 75% of its Bitcoin position during that time.

Tesla reported over $1.2 billion in proceeds from selling Bitcoins, but the automaker still sits on a good amount.

Bitcoin Treasuries reports that Tesla is the company with the fourth largest Bitcoin holding with 9,720 Bitcoins – even ahead of Coinbase.

Now, over the last few hours, Tesla has moved nearly all of its bitcoins into new unknown wallets.

The reason behind the move is unclear.

The accounting and tax rules regarding cryptocurrencies are constantly evolving and therefore, Tesla might be moving things around in preparation for that.

The crypto world is already buzzing about whether this means that Tesla is going to sell its Bitcoin or buy more, but there’s no clear evidence pointing either way so far.

Again, it’s possible that Tesla is also planning to start accepting crypto payments for its vehicles, as evidenced in its software last year.

This story is still developing. Refresh for more details.

If you have any idea why Tesla is moving around its bitcoins, let us know your theories in the comment section below.

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Elon Musk announced that the Tesla Semi class 8 electric truck will be available worldwide, but they need to bring it to production.

Tesla Semi is getting some momentum lately.

Many people didn’t believe a 500-mile range class 8 truck would be feasible, and some still have issues believing it as Tesla is struggling with credibility issues on the autonomy front.

However, as we reported yesterday, Tesla’s claims regarding its semi-trucks are starting to be confirmed by third-party testing, as in a recent trial with DHL.

These trials come as the much-delayed vehicle program, which was first supposed to come to production in 2019, is finally about to enter volume production.

Tesla already has a low-volume production line in a building near its Gigafactory in Nevada outside of Reno, but it is now building another plant next to the factory to produce the Tesla Semi in volume starting next year. The plan is to start ramping up production in 2025 with the goal of eventually producing as many as 50,000 trucks per year.

The Tesla Semi program has always been focused on the North American market, but CEO Elon Musk did say earlier this year that it could also be produced in Europe at Gigafactory Berlin.

Last month, Tesla brought the vehicle to Europe to give a presentation at IAA, and it showcased a slightly modified version to fit EU regulations.

Now, the Tesla Semi paid a visit to its possible future home at Gigafactory Berlin and Musk confirmed that the plan is to make the vehicle “available worldwide”:

Segway Navimow is introducing the world to its new X3 series of robot lawn mowers that are designed to provide autonomous lawn care support for medium to large yards. Presentations of this new model in the United States begin today at the Equip Expo in Louisville, Kentucky through October 18, with pre-orders only open to dealers and distributors at the moment. This new premium model is a follow-up to its i110N predecessor that tosses out boundary wire needs with expanded functionality to tackle professional and homeowner needs to maintain up to 2.5 acres of land. Head below to continue learning more about this all-new entry into the autonomous lawn care market.

Simple Installation and Complete Automation

The new X3 series of Segway’s Navimow robot mowers was designed with easier installation in mind, tossing out the need for any perimeter wires in favor of upgraded AI-assisted mapping and more advanced 3D camera tech for a more efficient and more thorough mowing experience. There’s also more intelligent site selection with this model, giving it improved autonomous performance while optimizing the placement options for its charging station and the corresponding antenna.

Once everything is installed and ready to go, you won’t have to get involved, with the system operating completely on its own as it manages its own mowing duties and recharging needs while also adapting its set schedules to sudden weather forecasts and/or changes. On top of its autonomous functionality, you’ll also get the option to go hands-free for controls by connecting the robot to your Alexa for remote voice controls. There’s also a new integrated screen where folks can gain quick insights and status updates without much effort.

The X3 Series complements the Segway Navimow product line, consisting of the award-winning Segway Navimow H Series boundary-free robotic mowers, and the Navimow i Series, the most affordable wire-free robotic mowers on the market, which quickly became the top-selling robot mower during Amazon Prime day. We aim to deliver a full suite of capable, reliable product lines to cater to U.S. households’ needs and accelerate the adoption of robots in the lawn-care industry.

George Ren, Segway Navimow CEO 

The unit’s blade has been boosted in size alongside faster mowing speeds, allowing it to cover more ground with more precision. That’s not all that’s been improved, with a look under the hood revealing Segway’s ultra-fast charging technology that provides even faster recharging rates – “twice as fast as other robotic mowers on the market.” With these improvements in its design, the X3 Series mower is rated to tackle up to 5,000m² in just 24 hours time, with it even being able to mow the area twice daily for the best and most maintained results.

There’s also a new 2-in-1 mowing and trimming expansion here that comes via the expansion bay, which eliminates “the need for manual touch-ups of lawn edges,” a common requirement of traditional robotic mowers. Upgrading it with this new expansion bay allows users to personalize their machine with a wide array of extension devices for an even greater functionality tailored for the individual locations/jobs as needed.

Outside of its physical specs, this new model boasts significant improvements in its software alongside its hardware. Powered by the company’s third-generation EFLS (Exact Fusion Locating System), it sports an enhanced RTK coverage (real-time kinematic), as well as vSLAM (Visual Simultaneous Localization and Mapping) and VIO (Visual Inertial Odometry) technologies. This allows it to keep on course and keep its performance precise, even in environments where maintaining its signal can prove challenging. You’ll also be happy to hear that, as always, Segway still focuses on theft concerns with a more robust alarm system, improved GPS location tracking, and has even provided a hidden compartment to add an AirTag for added peace of mind.

Its satellite observation capacity has also been upgraded and “increased by 40%,” with a new 300-degree wide-angle vision assistance paired with Vision Fence 2.0 to extend its field of vision and provide more efficiency in the AI’s route planning and obstacle avoidance capabilities. No matter how complex the landscape may be, the EFLS 3.0 system will keep it on track whether that leads under densely populated tree-covered areas, in and out of front/back yards, and even down narrow pathways not normally tread by you or anyone else – with slopes up to 26.6 degrees being of no concern to it in the process.

Segway Navimow’s X3 Series premieres at the Equip Expo

Segway Navimow is premiering this latest entry into the autonomous lawn care market starting today at the Equip Expo in Louisville, Kentucky through October 18. Most folks will have to wait for an official launch for pre-orders, but in the meantime, specialist dealers and distributors can get in contact with Segway to begin the process. There’s no pricing data that we can share at this time, but keep an eye out as we will bring you an update as soon as more information becomes available to us.

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