Bitcoin spiked 16% to an all-time high on Tesla’s $1.5 billion investment in the digital asset. To some, the move signals bitcoin’s broader adoption; for others, it’s the overlap of two bubbles. Insider compiled the bull and bear cases of bitcoin from two industry heavyweights. Visit the Business section of Insider for more stories. It… Continue reading Tesla just invested $1.5 billion in bitcoin. Here are the bull and bear cases for the crypto, according to legendary macro trader Mike Novogratz and Goldman’s wealth management CIO.
Author: Business Insider
Tesla said it had ‘deeply reflected on shortcomings’ after a meeting with Chinese officials, which followed complaints of battery fires and failed software updates
Chinese government officials have urged Tesla to follow China’s laws and protect customer rights. This follows reports about Tesla battery fires, unexpected acceleration, and software update failures. In 2020, around a fifth of Tesla’s total revenues came from China. Visit the Business section of Insider for more stories. Chinese government officials have met representatives from… Continue reading Tesla said it had ‘deeply reflected on shortcomings’ after a meeting with Chinese officials, which followed complaints of battery fires and failed software updates
Bolt’s CEO says his key to acing 12-hour workdays is a 5-kilometer walk and pristine sleep hygiene
27-year-old CEO of Uber rival Bolt Markus Villig walks a five-kilometer commute every day. The CEOs of Facebook, Google, LinkedIn, and Apple also back walking meetings and commutes. Research has shown that walking meetings bring people together and that walking supports creativity. Visit the Business section of Insider for more stories. Running a startup is… Continue reading Bolt’s CEO says his key to acing 12-hour workdays is a 5-kilometer walk and pristine sleep hygiene
Square gains 10% as the payments company rides bitcoin’s record-breaking rise
In-store transactions grew by 1% year-over-year among Square customers. Square Shares of payments company Square surged 10% on Monday after Tesla announced it is investing $1.5 billion into Bitcoin. The electric carmaker also said it may begin accepting the currency as payment, according to a regulatory filing. In October 2020, Square announced it had purchased… Continue reading Square gains 10% as the payments company rides bitcoin’s record-breaking rise
Billionaire investor Ron Baron calls Tesla’s $1.5 billion Bitcoin purchase ‘not surprising’ (TSLA)
Ron Baron says Elon Musk’s support of Bitcoin on Twitter makes the investment “not surprising.” Bitcoin rose to a record high when Tesla’s $1.5 billion investment was announced. Baron has been known for being bullish on the electric car company. Visit the Business section of Insider for more stories. Tesla shareholder Ron Baron says he… Continue reading Billionaire investor Ron Baron calls Tesla’s $1.5 billion Bitcoin purchase ‘not surprising’ (TSLA)
Tesla bought $1.5 billion in bitcoin — here are the risks it sees (TSLA)
Tesla said Monday it has invested $1.5 billion in bitcoin. It named cyberattacks, volatility, and regulatory uncertainty as risks of the investment. Tesla said it plans to accept bitcoin as a form of payment for its products soon. Visit the Business section of Insider for more stories. Given Tesla CEO Elon Musk’s very public obsession… Continue reading Tesla bought $1.5 billion in bitcoin — here are the risks it sees (TSLA)
Here’s what 6 crypto experts said about Tesla’s $1.5 billion bitcoin investment
Elon Musk. Britta Pedersen-Pool/Getty Images Tesla on Monday made its biggest endorsement of bitcoin, saying it invested $1.5 billion in the token. It helps to bring bitcoin further into the mainstream, as both a form of payment and an investment. Insider compiled quotes from six experts on what this could mean for new buy-in from… Continue reading Here’s what 6 crypto experts said about Tesla’s $1.5 billion bitcoin investment
Cryptocurrency stocks skyrocket as Bitcoin tests new highs (MARA, RIOT, MSTR, GBTC, TSLA, AAPL)
Bitcoin jumped to over $43,000 per coin on Monday. Dado Ruvic/Reuters Cryptocurrency-related stocks skyrocketed on Monday as Bitcoin tested new highs of over $43,000 per coin. The rise in digital asset prices came after news broke that Tesla invested $1.5 billion into Bitcoin and may begin accepting the currency as a form of payment in… Continue reading Cryptocurrency stocks skyrocket as Bitcoin tests new highs (MARA, RIOT, MSTR, GBTC, TSLA, AAPL)
SoftBank’s Vision Fund posted a record $8 billion profit in the third quarter as its bets on DoorDash and Uber paid off
SoftBank boss Masayoshi Son steered the group to a record profit, but his derivatives trading fell flat Tomohiro Ohsumi/Getty Images SoftBank’s Vision Fund made a record $8 billion (844 billion yen) profit in the final three months of the year as its bets on Uber and food delivery service DoorDash paid off, its third-quarter earnings… Continue reading SoftBank’s Vision Fund posted a record $8 billion profit in the third quarter as its bets on DoorDash and Uber paid off
10 rising stars at self-driving companies like Waymo, Aurora, and Cruise share their best career advice
Derek Phillips, 24, Kodiak Robotics Kodiak Robotics Try to figure out what kind of company you’d like to work for, Phillips said. Finding a company that makes you excited to come to work every day is the most important step you can take to start your career on the right foot. Hana Lodhi, 26, Waymo… Continue reading 10 rising stars at self-driving companies like Waymo, Aurora, and Cruise share their best career advice