News
UPDATE: Tesla gets progressive with Bitcoin ATMs at factories, claims report
Note: In a recent post on Twitter, CEO Elon Musk has noted that he does not believe the report of Bitcoin ATMs in Tesla’s factories is accurate.
Tesla, being as forward-thinking as ever, now has Bitcoin ATMs at the Fremont Factory and Gigafactory Nevada.
One of the Bitcoin ATMs was originally spotted by Twitter user Will Reeves. LibertyX, the company responsible for the Bitcoin ATMs, reached out to Finbold and confirmed Reeves’ sighting in an official statement.
“The Tesla locations have been live since August. The ATM is currently only accessible for employees,” LibertyX told Finbold.
The Bitcoin ATM company also stated that it did not install a new kiosk at Gigafactory Nevada. It simply added Bitcoin-selling features via software to three ATMs in the facility that were already installed.
Just passed by and saw @elonmusk has a bitcoin atm at the Gigafactory. pic.twitter.com/8HpkDkFwqP— WILL REEVES (@wlrvs) October 10, 2020
A quick search through LibertyX’s website revealed that Tesla also has a Bitcoin ATM in the Fremont Factory for employees to use.
Avid Tesla supporters know the intriguing relationship Elon Musk has with cryptocurrencies and crypto scammers.
Just this past June, crypto scammers used Elon Musk and SpaceX to steal up to $150,000 from YouTube viewers. The scammers convinced viewers to send Bitcoin to several YouTube channels by hacking legitimate accounts and rebranding them to fit their purpose.
They used archived footage of Elon Musk to broadcast a live event and convince viewers the channels were authentic. Other scammers went a step further and copied Elon Musk’s Twitter account, confusing his followers.
I’m going to keep banging on about this until twitter sorts it: When I look at a trump tweet, 1 of top replies is always scam re: an Elon Musk BTC giveaway. It has a reply from stolen verified acct, being used to pump scam, which is why I guess it appears high up. pic.twitter.com/Wi3RKyVmPN— David Osborn (@david_osborn) March 18, 2020
Despite crypto scammers using his identity and his companies’ brands for their schemes, Elon Musk remains a supporter of cryptocurrencies and an influential figure in the crypto industry, according to Cointelegraph.
He has applauded Bitcoin, in particular, for having a “brilliant” structure. The installation of two Bitcoin ATMs in two Tesla Gigafactories suggests that Musk’s stance on cryptocurrencies still holds.
The Tesla CEO might not stop at installing Bitcoin ATMs in just two Gigafactories either. LibertyX stated that it has more Bitcoin ATMs ready for installation.
I still only own 0.25 Bitcoins btw— Elon Musk (@elonmusk) May 15, 2020
“LibertyX has partnered with the two largest ATM manufacturers (Genmega and Hyosung) to offer bitcoin software preinstalled on traditional ATMs. Once operators activate the feature, consumers can start buying bitcoin with their debit card from ATMs nationwide. We have 5,000 ATMs already live and plan to roll it out at over 100,000 ATMs over the next few years,” the company explained further.
LibertyX did not state that more of its Bitcoin ATMs would be installed at Tesla’s factories. However, it is a possibility, especially if the Bitcoin ATMs in Nevada and Fremont are popular with the employees.
They have the best coin— Elon Musk (@elonmusk) March 3, 2020
If the Bitcoin ATMs do become a hit, Elon Musk may start thinking of installing Dogecoin ATMs as well. After all, Musk was briefly the CEO of Dogecoin, and the cryptocurrency’s meme origins fit perfectly with his online tendencies.
News
Tesla responds to strange Supercharging pricing error with classy move
Tesla has once again demonstrated strong customer focus by swiftly addressing and fully refunding a bizarre Supercharger pricing glitch that affected drivers in Atlantic Canada.
The issue surfaced earlier this month when the Tesla app began displaying dramatically inflated per-minute charging rates at stations in Prince Edward Island and parts of New Brunswick.
One widely shared screenshot from a Charlottetown, PEI Supercharger showed rates reaching ridiculous levels: $6.00 per minute for the 180-250 kW tier, along with $3.57/min for 100-180 kW and $2.29/min for 60-100 kW.
Correct pricing will be going live at midnight tonight. All fees since July 2nd 2026 will be waived.
— Tesla Charging (@TeslaCharging) July 13, 2026
These figures were several times higher than normal Supercharger pricing in the region.
To put the error in perspective, charging at the highest incorrect rate would have been shockingly expensive.
At 250 kW, a common charging speed at Superchargers, a vehicle pulls roughly 4.17 kWh per minute. Under the glitch, a driver spending just 10 minutes at peak power would face a $60 bill. A typical 20- to 30-minute session to add meaningful range could have cost $120 to $180 or more, before any congestion fees.
Tesla gets another layer of gamification with Free Supercharging on the line
By comparison, standard Canadian Supercharger rates usually fall between $0.25 and $0.60 per kWh, making a similar session cost roughly $15–$40. The erroneous per-minute structure, combined with the inflated numbers, turned what should be a convenient stop into a potential financial shock.
The glitch appears to have started sometime around early July, and quickly drew attention on social media as owners questioned whether Tesla had implemented steep hidden increases. Some drivers even reported seeing $0 charges in their history, indicating broader billing confusion.
Tesla’s official Charging account on X stated that correct pricing would roll out at midnight on July 13, so the fix is already in effect. More importantly, the company announced it would waive all fees for every Supercharger session since July 2. This blanket waiver covers the entire affected period without requiring users to file individual claims, with automated refunds expected soon. The decision affects stations in PEI and nearby areas in New Brunswick and Nova Scotia.
It’s a classy move, and rather than issuing partial credits or forcing owners to submit support tickets, Tesla simply absorbed the cost of the system error and made drivers whole. In an industry where hidden fees and bill disputes are common, Tesla’s proactive, no-questions-asked approach reinforces owner trust and highlights the company’s commitment to service excellence.
The incident, while disruptive for a short time, ultimately showcases Tesla’s ability to own mistakes and prioritize customer satisfaction. Atlantic Canada Tesla owners can now charge with confidence again, knowing the company has their back when technology glitches occur.
In an era of complex EV billing, such transparency and generosity are refreshing and set a positive example for the industry.
News
SpaceX unveils Starlink next-gen V5 kit: here’s what’s new
SpaceX’s Starlink has launched its latest residential hardware kit: the V5. Designed for reliable high-speed internet, the new terminal represents a significant leap forward in user equipment.
The next generation Starlink Kit is designed to deliver reliable, high-speed home internet. Starlink V5 has a smaller form factor and lightweight design with greater power efficiency than the Starlink V4.
With speeds up to 375+ Mbps, Starlink V5 delivers seamless connectivity… pic.twitter.com/0dorU6n0oD
— Starlink (@Starlink) July 14, 2026
The new V5 Starlink kit features a dramatically smaller and lighter form factor, measuring approximately 384 mm x 306 mm x 34 mm and weighing just 1.1 kg, which is less than half the weight of the previous V4 model, which was 2.9 kg.
This compact design makes installation easier and more versatile, whether mounted on a roof, pole, or even integrated with a pipe adapter. An integrated LED light aids setup in low-light conditions.
Power efficiency sees major gains too. The V5 draws only 35-50W, reducing energy consumption and making it ideal for off-grid or solar-powered setups. Despite its smaller size, performance remains robust. Starlink claims peak speeds of 375+ Mbps, supported by a new Wi-Fi 6 Router Mini that covers up to 2,200 square feet and connects up to 235 devices simultaneously.
The kit maintains strong signal reliability in diverse environments, from urban rooftops to remote rural areas, as demonstrated in the promo footage released by SpaceX, showing seamless operation under cloudy skies.
These improvements expand suitable applications considerably. Households can enjoy lag-free 4K streaming, smooth video conferencing, online gaming, and smart home device management without interruption. The V5’s efficiency and portability also benefit RVs, small businesses, and temporary installations in disaster-recovery zones where quick deployment is critical. Its lightweight build lowers shipping costs and simplifies user handling compared to bulkier predecessors.
Starlink’s Broader Impact on Global Internet Connectivity
Since SpaceX began launching Starlink satellites in 2019, the constellation has grown rapidly. By mid-2026, over 10,400 satellites orbit Earth, with thousands more deployed annually. This massive low-Earth-orbit network delivers broadband to approximately 160 countries and territories, reaching millions of users who previously lacked reliable internet access.
Starlink plays a vital role in bridging the digital divide. It provides essential connectivity to remote communities, maritime vessels, airlines, and regions affected by natural disasters or infrastructure gaps. By combining advanced satellite technology with iterative hardware upgrades like the V5 kit, SpaceX continues to push the boundaries of global internet access, fostering education, economic opportunity, and emergency response capabilities worldwide.
As production ramps up, the V5 promises to make high-performance internet even more accessible to users everywhere.
Investor's Corner
Lucid denies rumors of bankruptcy after over 40% stock drop
Electric vehicle maker Lucid Group has denied rumors of an imminent bankruptcy after a report from this morning sent the stock on a dramatic drop on Wall Street, seeing losses of more than 40 percent during trading hours.
Lucid’s Director of Communications, Nick Twork, responded to the report from Eletric-Vehicles.com, which stated the company’s restructuring advisor, AlixPartners, was asked to review two decisions: taking Lucid shares private or filing for Chapter 11 bankruptcy protection.
The report also claims AlixPartners told the Lucid board to “concentrate on Gravity production while improving its quality, and to temporarily hold back the Lucid Air, the sedan that has defined the company since its launch.”
Twork said:
$LCID The rumors are completely false. The company has sufficient liquidity to carry its operations well into next year, as recently published in its last quarterly filings, and it has not formed any special Board committee to explore the scenarios reported today. Our focus is…
— Nick Twork (@ntwork) July 14, 2026
Shares rebounded after the response to the report, halving its losses as the trading day neared 3 p.m. Eastern.
Lucid has struggled to get its sales off the ground and into more respectable numbers, but the company is in its early years, when things are hard to begin with. It is also backed by several notable investors, including the Saudi Public Investment Fund (PIF), which has nearly limitless money and likely would not ditch an investment of this size so soon.
Lucid shares were down just 14 percent at the time of publication, a far cry from the 55 percent its losses topped out at during the day.