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Electric Automaker Tesla Challenges Hackers to Find Bugs in its Connected Cars

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In March last year, a group of hackers won a Tesla Model 3 and $35,000 for hacking into its systems. Pixabay

Electric automaker Tesla has once again challenged hackers to find bugs in its connected cars.

The Elon Musk-run company is returning to the annual hackers’ competition “Pwn20wn” to be held in Vancouver in March, reports electrek.

Some Model 3 cars and $1 million in award money will be up for grabs.

In March last year, a group of hackers won a Model 3 and $35,000 for hacking into its systems.

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Hackers have also demonstrated how they could trick a Tesla Model S to enter into the wrong lane by using a method called “adversarial attack”. Pixabay

Amat Cama and Richard Zhu of team called ‘Fluoroacetate’ exposed a vulnerability in the vehicle system during the hacking competition.

The hackers targeted the infotainment system on the Tesla Model 3.

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According to the Electric Vehicle maker, such hacking events it test as well as improve its security systems.

Hackers have also demonstrated how they could trick a Tesla Model S to enter into the wrong lane by using a method called “adversarial attack”, a way of manipulating a Machine Learning model. (IANS)

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Musk-run Tesla Hits $100-bn Market Value for the First Time

In the third quarter, automotive revenues were $5.35 billion. Tesla said it expected to deliver between 360,000 and 400,000 vehicles this year, representing 45-65 per cent growth

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Elon Musk, a technology entrepreneur. Pixabay

Signalling an all-electric future is coming our way, Elon Musk-run Tesla has hit the $100 billion in stock market valuation for the first time.

Tesla shares were last up 1.4 per cent at $555 after trading was closed on Tuesday, reports CNBC.

The milestone came less than a month after Tesla’s stock crossed $420 — a price Musk tweeted last year which put him in much trouble.

The $100 billion valuation must stay for both one-month and six-month average in order to help Musk get first of 12 tranches of $346 million in a record-breaking pay package.

Tesla is currently valued more than Ford Motor and General Motors combined.

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A Tesla logo is seen in Los Angeles, California. VOA

Musk lost his position as Tesla Chairman after posting a notorious tweet in August last year that he was “considering taking Tesla private at $420. Funding secured”.

The US Securities and Exchange Commission (SEC) sued Musk over the tweet, saying he misled investors by claiming falsely he had lined up funding for the take-private transaction.

Musk reached a settlement with the SEC, agreeing to give up his role as Tesla Chairman and pay a $20 million fine.

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Tesla surprised Wall Street in October by registering a profitable third quarter with a total revenue of $6.3 billion riding on sales of its Model S, Model X and Model 3 electric cars.

In the third quarter, automotive revenues were $5.35 billion. Tesla said it expected to deliver between 360,000 and 400,000 vehicles this year, representing 45-65 per cent growth. (IANS)

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