The X Money payment system hit a roadblock in New York as state lawmakers urged regulators to deny the company a critical operating license. The payment system is Elon Musk’s bid to launch a person-to-person payment system on the X platform.

Two Manhattan Democrats, Assemblymember Micah Lasher and state Sen. Brad Hoylman-Sigal, sent a letter Monday to New York’s Department of Financial Services, opposing X Corp.’s application for a money-transmitter license.

“What we’re talking about is nothing less than Elon Musk becoming a permanent part of the country’s financial infrastructure — with access to enormous quantities of consumer data, including the data of New Yorkers,” Lasher said. “I think it would be grossly irresponsible and contrary to the law.”

The lawmakers argue that Musk’s “pattern of reckless conduct” in business and government, including his role in the Trump administration’s Department of Government Efficiency (DOGE), demonstrates a lack of “character and general fitness” required under state law for a money-transmitter license.

New York’s Department of Financial Services “thoroughly reviews all license applications and holds all applicants to identical, robust standards,” said spokesperson Ciara Marangas, declining to comment on X Corp.’s application. State law requires regulators to assess an applicant’s financial responsibility, experience, and trustworthiness.

Musk’s ties to President Donald Trump have intensified scrutiny in New York, with lawmakers like Lasher pushing to pause Tesla’s lease renegotiation for a Buffalo factory and state Sen. Patricia Fahy proposing legislation to close Tesla dealerships. X Corp.’s lobbyists did not respond to inquiries.

Musk aims to transform X into an “everything app” enabling financial transactions alongside media and communication. Once in operation, X Money would rival Venmo, Zelle, and Apple Pay. X Corp. announced a Visa partnership in January to support the system.

Musk noted that license approval for X Money in the District of Columbia, New York, and California would be the most onerous. X Money obtained California’s license in September 2024. As of this writing, X has already secured money-transmitter licenses in 42 states.

As X Money seeks to redefine digital payments, New York’s resistance could delay Musk’s vision. The outcome will shape X’s ability to integrate financial services and compete in the evolving fintech landscape.

Tesla has been planning its launch of the Robotaxi ride-hailing suite for years, but now that the company is nearing the operation of a ride-hailing platform for the first time next month, more details are coming forward.

It appears that Tesla has codenamed the Robotaxi suite, along with its ride-hailing app, as ‘Alicorn,’ a mythical creature that combines the characteristics and features of both a unicorn and a pegasus. But why this name?

It potentially could be pointing toward the vehicle’s use as both a passenger car for personal use, as well as a way to bring in passive income, something CEO Elon Musk first talked about in April 2019 when he indicated your car could work while you sleep, bringing in between $10,000 and $30,000 annually.

This would all be earned by your car being used as a driverless Robotaxi.

Tesla doubles down on Robotaxi launch date, putting a big bet on its timeline

Project Alicorn and What It Means for the Robotaxi

The name Alicorn was not recognized until a decompilation of the Tesla mobile app by Tesla App Updates on X last night. Evidently, Tesla is preparing for the June launch of the Robotaxi by inputting some new features into the smartphone app, something that we reported on recently.

Tesla will not launch a Robotaxi app that operates separately from the standard app. Everything will be ingrained into the main Tesla app that you use to access your car.

In the bigger picture, Tesla adding these specific coding strings means that it is preparing for the launch of the Robotaxi ride-hailing service, something that it has reiterated for all of this year.

Tesla plans to launch the Robotaxi platform in Austin in June, which hints at the timing of the coding to be an indicator that the company is truly ready to get things moving. While the initial rollout will be conservative and will include between 10 and 20 cars, according to Musk, the company is certainly confident that more cities will be enabled later this year for Robotaxi operation.

Ultimately, most of the fleet would ideally be made up of cars that have been purchased by consumers.

Your Tesla as a Robotaxi

Specific coding within the decompiled version of the new Tesla app revealed the ability to call the vehicle owner, meaning Tesla is undoubtedly preparing for vehicles to be driven with operators but without any intervention. Full Self-Driving will take care of the driving.

🚨 As noted by @Tesla_App_iOS, alicorn_button_title_call_driver is present in the new app version’s coding.

This supports an idea Tesla revealed years ago, that people could use their cars to generate revenue by adding them to the Robotaxi platform. https://t.co/QguKUmFVOf pic.twitter.com/E0Otu5OxXV

— TESLARATI (@Teslarati) May 7, 2025

The account explained it:

“You could turn on the rideshare option and start making money, and your car would pick people up and drop them off while you sit in the driver’s seat, but FSD would be doing all the work, and it would just send jobs to your car. Very similar to what you saw in the teaser video not that long ago. Customers would also have the ability to call the driver as well in this scenario.”

Eventually, Teslas will have no drivers and will only operate with Full Self-Driving as Robotaxi technology.

CEO Elon Musk hinted in an X post that Tesla is about to fix a Full Self-Driving driver monitoring annoyance.

When using Tesla’s Full Self-Driving suite, the newest “Supervised” version allows drivers to use the vehicle without actually holding onto the steering wheel. However, a cabin-facing camera monitors the driver’s eyes, ensuring they are paying attention to the road and not abusing the suite’s capabilities.

If the vehicle recognizes multiple instances of drivers taking their eyes off the road, Full Self-Driving will be unavailable for the rest of the drive. Ending up in FSD fail is never a fun time.

However, there are some instances when the suite is perhaps a tad too critical of a driver and their eyes if they are not always looking at the road. For example, in a Tesla, adjusting things like the cabin temperature, the position of side mirrors, or even the speed offset requires the driver to take their eyes off the road for a short period of time — usually less than ten seconds.

If operating on FSD, the vehicle will alert you to look back at the road, even if you’re traveling at a low rate of speed and you only take a few seconds to adjust a setting.

During my weekend Demo Drive of the new Model Y, I experienced this:

🚨Here’s a good example of this:

I was adjusting the Autopilot speed offset and then checked back to the screen to see if anything changed.

As you can see, my eyes weren’t off the road very long before the vehicle said I needed to look out of the windshield again. https://t.co/0YKAJgXFB6 pic.twitter.com/YfiuChbDAr

— TESLARATI (@Teslarati) May 6, 2025

It appears a change could be welcome by Musk, who agreed that the warning seems excessive. How it will be changed remains to be seen, but it seems safer to be adjusting settings while FSD is active as opposed to trying to do it while driving manually:

You’re right

— gorklon rust (@elonmusk) May 6, 2025

It is good that FSD operates cautiously, as plenty of people have abused its capabilities in the past. When accidents happen due to driver irresponsibility, Tesla is not liable, but media headlines paint the picture that driving the vehicles is dangerous. In reality, Teslas travel more miles without an accident than the national average.

Tesla Vehicle Safety Report shows Autopilot is 10x better than humans

The change would likely be welcomed by many drivers, who have also complained about driver monitoring giving warnings when doing something like taking a bite of food.