Uber and Walgreens partnered up to help minority communities receive the COVID-19 vaccine. Uber will offer free rides, and Walgreens will provide education and access. Underserved communities haven’t received their share of vaccine doses, according to Kaiser data. Visit the Business section of Insider for more stories. Uber and Walgreens are teaming up to distribute… Continue reading Uber and Walgreens team up to offer free rides and access to the COVID-19 vaccine for underserved communities
Author: Business Insider
Bitcoin evangelist Michael Saylor says this is the ‘year of institutional investment’ in cryptocurrency following Tesla’s groundbreaking move (MSTR, TSLA)
Michael Saylor. Charles Norfleet/Getty Images MicroStrategy CEO and bitcoin evangelist Michael Saylor said this is the “year of institutional investment” in cryptocurrencies. The news comes as bitcoin tested new highs of over $48,000 per coin on Tuesday morning. Saylor held a “Bitcoin for Corporations” conference on February 3 and 4 that saw 7,000 companies attend.… Continue reading Bitcoin evangelist Michael Saylor says this is the ‘year of institutional investment’ in cryptocurrency following Tesla’s groundbreaking move (MSTR, TSLA)
Tesla grew its workforce by nearly 50% during its monumental 2020 (TSLA)
Tesla grew its global workforce by well over 20,000 people last year. The company now employs at least 70,000 people, a nearly 50% gain over the previous year. Tesla is poised to add more workers in 2021 as it prepares to open factories in Texas and Germany. Visit the Business section of Insider for more… Continue reading Tesla grew its workforce by nearly 50% during its monumental 2020 (TSLA)
The research lab where Tesla plans to design a $25,000 car will be up and running this year, executive says
The head of Tesla in China said the company’s research and development center will be running within the year. The site will design Tesla’s new $25,000 autonomous electric car. The center is part of Elon Musk’s plans to capitalize on China’s lucrative EV market. Visit the Business section of Insider for more stories. The head… Continue reading The research lab where Tesla plans to design a $25,000 car will be up and running this year, executive says
Tesla’s investment in China is paying off — its sales more than doubled last year
Tesla’s revenue in China more than doubled last year as the American electric-car manufacturer further pushed into the Asian market. In 2019, Tesla generated approximately $3 billion in China. By 2020, that revenue had ballooned to $6.6 billion, according to Tesla’s annual 10-K report with the Securities and Exchange Commission which was first reported by… Continue reading Tesla’s investment in China is paying off — its sales more than doubled last year
Elon Musk’s $1.5 billion bet on bitcoin has exposed Tesla to ‘immense’ risk that could wipe out its profits, analysts say
Elon Musk’s Tesla snapped up $1.5 billion of bitcoin in January, but analysts said it was a risky move Frederic J. Brown/Getty Images Tesla’s decision to buy up $1.5 billion of bitcoin exposes Elon Musk’s electric car company to “immense” risks that could wipe out its annual profit if the cryptocurrency’s price plunges, a Saxo… Continue reading Elon Musk’s $1.5 billion bet on bitcoin has exposed Tesla to ‘immense’ risk that could wipe out its profits, analysts say
6 startups that Uber could acquire as it battles DoorDash to rule delivery, an expert says (UBER)
Uber has acquired startups like Drizly, Postmates, and Cornershop in recent years. Any future acquisitions would likely focus on deliveries, an expert told Insider. He said Chowbus, Black and Mobile, and NimbleRx are among the startups Uber is most likely to buy. Visit the Business section of Insider for more stories. Uber has increased its… Continue reading 6 startups that Uber could acquire as it battles DoorDash to rule delivery, an expert says (UBER)
Elon Musk representatives were reportedly spotted at bitcoin titan Michael Saylor’s conference just days before the company’s $1.5 billion purchase became public (TSLA, MSTR)
Representatives for Elon Musk reportedly attended Michael Saylor’s “Bitcoin for Corporations” conference before news of Tesla’s bitcoin buy went public. Michael Saylor, CEO of MicroStrategy, is a noted bitcoin bull. His company holds 71,709 bitcoin. “I can confirm that Elon Musk had at least three people at the Michael Saylor event, including two from treasury!”… Continue reading Elon Musk representatives were reportedly spotted at bitcoin titan Michael Saylor’s conference just days before the company’s $1.5 billion purchase became public (TSLA, MSTR)
‘Big Short’ investor Michael Burry says Tesla’s $1.5 billion bet on Bitcoin was a distraction — and Dogecoin’s record price signals a massive bubble
“The Big Short” investor Michael Burry. Bloomberg TV “The Big Short” investor Michael Burry suggested Tesla bought Bitcoin to distract from regulatory issues in China. Burry also pointed to Dogecoin’s record price as evidence of a huge market bubble. The Scion Asset Management boss revealed he was short Tesla in December. Visit Business Insider’s homepage… Continue reading ‘Big Short’ investor Michael Burry says Tesla’s $1.5 billion bet on Bitcoin was a distraction — and Dogecoin’s record price signals a massive bubble
Bitcoin rockets to record high of $48,000 after Elon Musk’s Tesla buys up $1.5 billion — with one backer saying the currency could hit $100,000 in 2021
The bitcoin price continued to break records, touching $48,000 before slipping back slightly. Elon Musk’s Tesla said it had bought $1.5 billion of bitcoin, fuelling a cryptocurrency rally. Michael Novogratz said other companies would follow suit, although some analysts were skeptical. Elon Musk’s Tesla lit a fire under the Bitcoin price on Monday Odd Andersen/Getty… Continue reading Bitcoin rockets to record high of $48,000 after Elon Musk’s Tesla buys up $1.5 billion — with one backer saying the currency could hit $100,000 in 2021