Elon Musk tweeted Tesla is canceling its planned Model S Plaid Plus vehicle. He said this is because the regular Model S Plaid is “just so good.” The Model S Plaid starts shipping this week after a small delay. See more stories on Insider’s business page. Tesla CEO Elon Musk announced Sunday that the company… Continue reading Elon Musk says Tesla is cancelling its Model S Plaid Plus
Author: Business Insider
An asset manager nicknamed ’50 Cent’ made $1.1 billion on bitcoin in 5 months — and could place more crypto bets in the future
50 Cent. Money (Music Video) | 50 Cent Music An asset manager nicknamed “50 Cent” made a $1.1 billion profit on bitcoin in five months. Ruffer invested about $600 million in November and cashed out the last of its coins in April. The firm warned that younger people could lose interest in crypto once lockdowns… Continue reading An asset manager nicknamed ’50 Cent’ made $1.1 billion on bitcoin in 5 months — and could place more crypto bets in the future
Elon Musk has been criticized for his ‘trolling’ crypto tweets in a video claimed to have been made by Anonymous
“Hacktivists” Anonymous may have been behind a video attacking Elon Musk’s cryptocurrency comments. The video accuses Musk of constantly trolling the crypto markets with tweets that “destroyed lives.” It follows an 8% slide in bitcoin’s value after Musk hinted at a split with the digital token. See more stories on Insider’s business page. A YouTube… Continue reading Elon Musk has been criticized for his ‘trolling’ crypto tweets in a video claimed to have been made by Anonymous
A 29-year-old crypto billionaire shares how investors can use Tesla or Apple stock as collateral to buy bitcoin or ether
Sam Bankman-Fried’s FTX allows investors to invest in equities that trade on the US stock market. Traders can use stocks like Apple or Tesla to buy cryptocurrency, he said in a RealVision interview. The tokenized equity trading service is not available in the US or other restricted jurisdictions. Sign up here for our daily newsletter,… Continue reading A 29-year-old crypto billionaire shares how investors can use Tesla or Apple stock as collateral to buy bitcoin or ether
Jeremy Grantham said US stocks are heroically overpriced, copper should shoot higher, and that he had an ‘overprivileged’ lockdown in a recent interview. Here are the 14 best quotes.
Jeremy Grantham cofounded the asset management firm GMO. Boston Globe/Getty Images Legendary investor Jeremy Grantham said US stocks are hugely overpriced, predicted copper prices should shoot higher in the coming years, and that he had an “overprivileged” lockdown in an interview at the Morningstar Investment Conference Australia this week. The cofounder of asset management firm… Continue reading Jeremy Grantham said US stocks are heroically overpriced, copper should shoot higher, and that he had an ‘overprivileged’ lockdown in a recent interview. Here are the 14 best quotes.
How AMC CEO Adam Aron embraced the company’s meme status and helped send its stock to unfathomable heights
Albert L. Ortega/Getty Images; Samantha Lee/Business Insider AMC CEO Adam Aron has reached out to the army of retail investors backing his company. He’s taken to Twitter and YouTube to reach them, and has even picked up popular Reddit investing lingo. Analysts say the new communication strategy could be to help shore up the balance… Continue reading How AMC CEO Adam Aron embraced the company’s meme status and helped send its stock to unfathomable heights
Ford has made more electric Mustangs than gas-powered ones this year, due to the global chip shortage
Production of Ford’s all-electric Mustang Mach-E is outpacing the traditional gas model. The company reported that 27,816 Mach-E’s have been made, compared with 26,089 traditional Mustangs. Production of the gas version was suspended in May due to the worldwide shortage of semiconductors. See more stories on Insider’s business page. More electric Mustangs have been made… Continue reading Ford has made more electric Mustangs than gas-powered ones this year, due to the global chip shortage
Bitcoin slides 8% after Elon Musk hints at a potential split with the popular cryptocurrency in a tweet with a broken-heart emoji
Getty Bitcoin slipped as much as 8% on Friday after Elon Musk signaled a potential breakup with the digital asset by posting a broken-heart emoji and a reference to a popular “Linkin Park” song. The token was just recovering from a broader cryptocurrency crash last month in the wake of increased regulatory scrutiny from China.… Continue reading Bitcoin slides 8% after Elon Musk hints at a potential split with the popular cryptocurrency in a tweet with a broken-heart emoji
Uber, Lyft, DoorDash and other gig companies said California’s Prop 22 would create opportunity for workers of color. A new study says it ‘legalized racial subordination.’ (UBER, LYFT, DASH, GRUB, AMZN)
Gig companies said labor law exemptions would create better opportunities for workers of color. Instead, California’s Prop 22 “legalized racial subordination,” a new research paper argues. The law worked like 1930s “wage codes” that paid workers in mostly minority industries less. See more stories on Insider’s business page. Last year, Uber, Lyft, DoorDash, Instacart, and… Continue reading Uber, Lyft, DoorDash and other gig companies said California’s Prop 22 would create opportunity for workers of color. A new study says it ‘legalized racial subordination.’ (UBER, LYFT, DASH, GRUB, AMZN)
Tesla’s car orders in China were nearly cut in half last month, according to a new report
Tesla orders in China fell from 18,000 to 9,800 between April and May, The Information reported. China represents a crucial market for the electric carmaker, but the company has faced headwinds. Tesla’s reputation has taken a hit in the country due to safety concerns surrounding its vehicles. See more stories on Insider’s business page. Tesla’s… Continue reading Tesla’s car orders in China were nearly cut in half last month, according to a new report