Tesla (TSLA) Lowers Prices

Tesla, Inc. (TSLA) recently announced that it was lowering prices on certain models of its Model 3 and Model Y vehicles as competition intensifies, with other car companies such as Ford Motor Company (F) coming out with all-electric vehicles. KEY TAKEWAYS Tesla is lowering prices on certain models ahead of additional competition. This could compress… Continue reading Tesla (TSLA) Lowers Prices

Tesla stock rises as Elon Musk defends $2.6B Solar City deal in court

Tesla stock opens down after Musk debuts new model FOX Business’ Stuart Varney and Susan Li break down Friday’s market open.  Tesla shares have shrugged off concerns surrounding a class-action shareholder lawsuit against CEO Elon Musk, rising nearly 4% in Monday's trading session. The suit alleges the billionaire pressured Tesla's board to approve the $2.6… Continue reading Tesla stock rises as Elon Musk defends $2.6B Solar City deal in court

Flashcoin’s Solution to Tesla’s Bitcoin Environmental Issues

Earlier this year, Tesla announced its plans to accept Bitcoin as a payment method for its products. However, Tesla CEO Elon Musk has reversed this decision, and Tesla has discontinued accepting Bitcoin, citing environmental reasons. On May 13th, Musk stated that the increasing fossil fuel usage for Bitcoin mining and transactions was detrimental to the… Continue reading Flashcoin’s Solution to Tesla’s Bitcoin Environmental Issues

Elon Musk hints Tesla may offload BTC, goes to war with crypto Twitter

Elon Musk appears to have again been the catalyst for Bitcoin’s price shedding more than 10% over the weekend after Tesla’s CEO appeared to suggest the firm may be planning to dump BTC from its balance sheet this quarter. On May 16, Musk replied to a tweet predicting that Tesla may dump its BTC holdings… Continue reading Elon Musk hints Tesla may offload BTC, goes to war with crypto Twitter

Bitcoin price lower after Musk tweet

FILE PHOTO: A representation of virtual currency Bitcoin is seen in front of a stock graph in this illustration taken March 15, 2021. REUTERS/Dado Ruvic/Illustration/File Photo(Reuters) – The price of Bitcoin traded below $45,000 on Sunday after a tweet by Tesla CEO Elon Musk, an outspoken supporter of cryptocurrency, suggested Tesla may be considering or… Continue reading Bitcoin price lower after Musk tweet

Should Tesla Allow Doge Payments? Musk Asks Twitter for Help

Elon Musk – the South African entrepreneur behind billion-dollar companies such as Tesla and SpaceX – wants your opinion regarding Tesla accepting Dogecoin payments in the future. Elon Musk Wants to Know if Doge Payments Are the Right Thing The famed technician has taken to Twitter to ask his followers if Tesla should move forward… Continue reading Should Tesla Allow Doge Payments? Musk Asks Twitter for Help

Tesla's Musk reverses course on taking bitcoin, citing climate concerns

(Reuters) -Tesla Inc has suspended the use of bitcoin to purchase its vehicles because of climate concerns, Chief Executive Officer Elon Musk said in a tweet on Wednesday, reversing the company’s stance in the face of an outcry from some environmentalists and investors.FILE PHOTO: A representation of virtual currency Bitcoin and U.S. One Dollar banknotes… Continue reading Tesla's Musk reverses course on taking bitcoin, citing climate concerns

Tesla Sold 10% of Its Bitcoin Holdings, Says Elon Musk

Elon Musk, CEO of Tesla, confirmed on Twitter that the world’s largest electric-car maker has sold around 10% of its Bitcoin holdings. The move was made to check the liquidity of the world’s largest cryptocurrency. According to the Tweet, Musk has not sold any of his Bitcoin yet. The latest comments from Musk came as… Continue reading Tesla Sold 10% of Its Bitcoin Holdings, Says Elon Musk

Tesla sees growth on track as China, bitcoin boost revenue

(Reuters) -Electric carmaker Tesla Inc marginally beat Wall Street expectations for first-quarter revenue on Monday boosted by a jump in environmental credit sales to other automakers and robust demand from China.The TESLA logo is seen outside a dealership in the Brooklyn borough of New York City, U.S., April 26, 2021. REUTERS/Shannon StapletonSales of regulatory permits… Continue reading Tesla sees growth on track as China, bitcoin boost revenue

Tesla Motors Q1 Profit, Revenues Beat Street View On Strong Deliveries

Tesla Motors Inc. (TSLA) Monday reported a profit for the first quarter that increased from a year ago and trumped Wall Street estimates, driven by 74% surge in revenues, reflecting strong growth in deliveries of Model 3 and Model Y. Palo Alto, California-based Tesla reported first-quarter profit of $438 million or $0.39 per share, compared… Continue reading Tesla Motors Q1 Profit, Revenues Beat Street View On Strong Deliveries

Should Tesla Get More Credit For Its Earnings Beat?

Tesla Inc. (NASDAQ: TSLA) reported its most recent quarterly results after the closing bell on Monday. The electric vehicle (EV) giant said that it had $0.93 in earnings per share (EPS) and $10.39 billion in revenue, compared with consensus estimates that called for $0.79 in EPS and $10.29 billion in revenue. The fourth quarter from… Continue reading Should Tesla Get More Credit For Its Earnings Beat?

Tesla to add EV components recycling facilities at Shanghai factory

FILE PHOTO: A Tesla logo is seen on the body of its electric vehicle (EV) during a media day for the Auto Shanghai show in Shanghai, China April 20, 2021. REUTERS/Aly SongBEIJING (Reuters) – U.S. electric vehicle (EV) maker Tesla Inc plans to add facilities at its Shanghai factory to repair and reproduce key components… Continue reading Tesla to add EV components recycling facilities at Shanghai factory

Tesla scouts for showroom space in India, hires executive for lobbying: sources

NEW DELHI (Reuters) – Tesla Inc is scouting for locations to open showrooms in three Indian cities and has hired an executive to lead its lobbying and business efforts ahead of its planned entry into the country, sources familiar with the discussions told Reuters.FILE PHOTO: The logo of car manufacturer Tesla is seen at a… Continue reading Tesla scouts for showroom space in India, hires executive for lobbying: sources

Tesla's market value set to gain $50 billion on record first-quarter deliveries

FILE PHOTO: Visitors wearing face masks check a China-made Tesla Model Y sport utility vehicle (SUV) at the electric vehicle maker’s showroom in Beijing, China January 5, 2021. REUTERS/Tingshu Wang/File Photo(Reuters) – Tesla Inc was set to add about $50 billion to its market value, as its shares surged on Monday after the world’s most… Continue reading Tesla's market value set to gain $50 billion on record first-quarter deliveries

Tesla's market value set to gain $50 billion on record first-quarter deliveries

FILE PHOTO: Visitors wearing face masks check a China-made Tesla Model Y sport utility vehicle (SUV) at the electric vehicle maker’s showroom in Beijing, China January 5, 2021. REUTERS/Tingshu Wang/File Photo(Reuters) – Tesla Inc was set to add about $50 billion to its market value, as its shares surged on Monday after the world’s most… Continue reading Tesla's market value set to gain $50 billion on record first-quarter deliveries

Tesla's market value set to gain $50 billion on record EV deliveries

(Reuters) – Tesla Inc was set to add about $50 billion to its market value as the electric car-maker’s shares surged on Monday, after it posted record deliveries on strong demand in China that helped it offset the impact of a global shortage in auto parts.FILE PHOTO: Visitors wearing face masks check a China-made Tesla… Continue reading Tesla's market value set to gain $50 billion on record EV deliveries

Tesla stock surges after posting record deliveries in first quarter

More On: tesla Tesla more than doubles Q1 sales, delivers 185,000 vehicles You can now pay your Visa bill with cryptocurrency Elon Musk posts tweet that Tesla could soon be bigger than Apple — then deletes it Labor officials order Elon Musk to delete anti-union tweet Tesla’s stock price surged to its highest level in… Continue reading Tesla stock surges after posting record deliveries in first quarter

Exclusive: Volkswagen to buy credits from Tesla in China to comply with environmental rules – sources

BEIJING (Reuters) – A Volkswagen joint venture in China has agreed to buy green car credits from Tesla to help meet local environmental rules, three people briefed on the matter told Reuters.FILE PHOTO: Volkswagen’s new electric car ID.4 SUV is pictured during its handover by the German automaker to first customers Jaqueline Heyer-Mertens and her… Continue reading Exclusive: Volkswagen to buy credits from Tesla in China to comply with environmental rules – sources

Tesla’s Bitcoin Announcement Turns Negative for Cryptocurrency Market

Elon Musk, CEO of Tesla, announced yesterday that cryptocurrency users can buy Tesla products through Bitcoin. While the news was positive for the adoption of BTC, the world’s largest cryptocurrency lost nearly 5% of its value in the last 24 hours. According to the latest data published by Coinmarketcap, the total market cap of Bitcoin… Continue reading Tesla’s Bitcoin Announcement Turns Negative for Cryptocurrency Market

Elon Musk says Tesla now accepts Bitcoin from US customers

Elon Musk has announced that Tesla cars can now be purchased using Bitcoin (BTC). The electric car company’s CEO and “Technoking” said the firm would operate Bitcoin nodes directly, and would hold on to the Bitcoin it accumulates without converting it to fiat. Tesla first signaled its intention to start accepting Bitcoin for products in… Continue reading Elon Musk says Tesla now accepts Bitcoin from US customers

Musk says Tesla cars will never be used for spying

Elon Musk tells China Tesla cars will never be used to spy for the US after Beijing ‘banned them from military bases over fears their cameras could be recording sensitive information’ Musk made the comments on Saturday at the China Development Forum, where he appeared virtually They came one day after Reuters news agency reported… Continue reading Musk says Tesla cars will never be used for spying

Tesla cars banned from China's military complexes on security concerns -sources

(Reuters) – The Chinese military has banned Tesla cars from entering its complexes, citing security concerns over cameras installed on the vehicles, two people who have seen notices of the directive told Reuters. The move is the latest sign of China’s growing scrutiny of the U.S. electric carmaker amid tensions with Washington. Analysts said it… Continue reading Tesla cars banned from China's military complexes on security concerns -sources

Tesla cars banned from China's military complexes on security concerns – sources

(Reuters) – The Chinese military has banned Tesla cars from entering its housing complexes, citing security concerns over cameras installed on the vehicles, two people who have seen notices of the directive told Reuters. The move is the latest sign of China’s growing scrutiny of the U.S. electric carmaker amid tensions with Washington and analysts… Continue reading Tesla cars banned from China's military complexes on security concerns – sources