Uber and Lyft reported strong results in their most recent earnings, but their stocks continue to slide. Investors say they’re worried about driver shortages and potential regulation, among other issues. Analysts say it will take some time for the companies to overcome headwinds. See more stories on Insider’s business page. Uber and Lyft both made… Continue reading Uber and Lyft investors predict bumpy roads ahead for the ride-hailing giants (UBER, LYFT)
Author: Business Insider
A self-driving taxi went rogue, blocking traffic and evading officials, as a YouTuber captured it on video from the backseat
A self-driving car went rogue in Arizona, stalling, then speeding off before assistance could arrive. A YouTuber caught the nearly 20-minute episode on video from the backseat of the car. Waymo issued a statement that it has assessed the event and used it to improve future rides. See more stories on Insider’s business page. A… Continue reading A self-driving taxi went rogue, blocking traffic and evading officials, as a YouTuber captured it on video from the backseat
Dogecoin spikes 30% after Elon Musk says he might take it as payment for Tesla
Dogecoin, a meme cryptocurrency, has spiked this year. Yuriko Nakao/Getty Dogecoin spiked 30% after Elon Musk said on Thursday that he might accept it as a payment method for Tesla. That followed his announcement on Wednesday that he’d stop allowing bitcoin payments for Tesla products over environmental concerns. Dogecoin had risen by 30.2%, to $0.54,… Continue reading Dogecoin spikes 30% after Elon Musk says he might take it as payment for Tesla
Bitcoin slides 13% for the week after Elon Musk’s bombshell U-turn, but finds some support at $50,000
It’s been a tough week for bitcoin. Cesc Maymo/Getty Images Bitcoin headed for a 13% fall in the week to Friday, after Elon Musk’s major U-turn on accepting the cryptocurrency as payments for Teslas, but managed to regain some stability over the course of the day. The most-traded crypto asset was down 13.1% for the… Continue reading Bitcoin slides 13% for the week after Elon Musk’s bombshell U-turn, but finds some support at $50,000
Dogecoin slumps 20% after Tesla’s bitcoin shock — while other tokens like Ethereum’s ether and litecoin also slide
Shutterstock Dogecoin and other cryptocurrencies sank on Thursday after Elon Musk suspended bitcoin payments for Tesla cars. The meme-inspired digital asset tumbled 20% to trade around 40 cents. Litecoin fell 14%, while Ripple’s XRP and Ethereum’s ether lost 11% – having each dropped more than 20% from their peaks. Bitcoin dropped as much as 15%… Continue reading Dogecoin slumps 20% after Tesla’s bitcoin shock — while other tokens like Ethereum’s ether and litecoin also slide
Tesla has scrapped plans to expand its Shanghai Model 3 factory, and will slow production in China because of US-Beijing tensions, according to a report
Tesla has stopped a planned expansion of its Shanghai plant, sources told Reuters. Tesla will slow production in China because of tensions between the China and US, they said. The expanded Shanghai plant would have allowed Tesla to produce 200,000 extra vehicles, they said. See more stories on Insider’s business page. Tesla no longer intends… Continue reading Tesla has scrapped plans to expand its Shanghai Model 3 factory, and will slow production in China because of US-Beijing tensions, according to a report
Dogecoin surges after Elon Musk hints Tesla could accept the meme-coin as payment
Yuriko Nakao/Getty Images; Britta Pedersen-Pool/Getty Images; Samantha Lee/Insider Dogecoin spiked by as much as 20% on Tuesday after Elon Musk tweeted a poll asking if his followers want Tesla to accept the cryptocurrency as payment, hinting that this could be a payment method for the electric-vehicle maker. The digital asset surged to 53 cents from… Continue reading Dogecoin surges after Elon Musk hints Tesla could accept the meme-coin as payment
Autopilot couldn’t have been engaged during fatal Tesla crash, NTSB says (TSLA)
The NTSB on Monday released a preliminary investigation into a fatal Tesla crash in April. The agency said its tests indicate Autopilot cannot be used on the road where the crash happened. Local police initially said there was no driver at the wheel when the accident occurred. See more stories on Insider’s business page. The… Continue reading Autopilot couldn’t have been engaged during fatal Tesla crash, NTSB says (TSLA)
Tesla has told a regulator that its ‘Full Self-Driving’ tech might not be ready by the end of the year
Tesla said its “Full Self-Driving” feature might be delayed, according to a memo seen by Reuters. Elon Musk has previously said he was “highly confident” that FSD could be achieved this year. The FSD feature, currently a $10,000 add-on, has proved dangerous for some drivers. See more stories on Insider’s business page. Tesla on Thursday… Continue reading Tesla has told a regulator that its ‘Full Self-Driving’ tech might not be ready by the end of the year
Lyft is a ‘buy’ despite the slide in its share price after earnings and a regulatory overhang, 2 analysts say (LYFT)
Lyft’s John Zimmer in New Orleans in 2018. Stephen McCarthy/Sportsfile via Getty Images Lyft got some analyst support on Wednesday after earnings with two top Wall Street analysts reiterating their bullish stances. CFRA’s Angelo Zino reiterated his “buy” rating and $75 price target citing improved pricing. Wedbush’s Dan Ives reiterated his “overweight” rating and $85… Continue reading Lyft is a ‘buy’ despite the slide in its share price after earnings and a regulatory overhang, 2 analysts say (LYFT)