Category: News Type

Tesla (TSLA) announces it sold most of its Bitcoin

Tesla (TSLA) announced today that it sold most of its Bitcoin, about 75%, during the last quarter. The automaker didn’t elaborate on the reason. Early in 2021, Tesla invested $1.5 billion in Bitcoin. Shortly after, the automaker started accepting the cryptocurrency as payment on new vehicles. However, a few days later, Tesla took a step back with crypto… Continue reading Tesla (TSLA) announces it sold most of its Bitcoin

Tesla surpasses 35 million miles driven on Full Self-Driving Beta, and pace is ramping up

Tesla is reporting that its fleet of customers driving with the Full Self-Driving (FSD) Beta has now surpassed 35 million miles driven, and the pace is ramping up. FSD Beta enables Tesla vehicles to drive autonomously to a destination entered in the car’s navigation system, but the driver needs to remain vigilant and ready to… Continue reading Tesla surpasses 35 million miles driven on Full Self-Driving Beta, and pace is ramping up

Tesla (TSLA) reports massive increase in production capacity across all factories

Tesla (TSLA) is reporting a massive increase in production capacity across all its factories, closing in on a 2 million vehicle annual production capacity. While Tesla had a tough Q2 2022 due to its forced factory shutdown at Gigafactory Shanghai, we knew that the automaker took the opportunity to increase capacity everywhere during that time.… Continue reading Tesla (TSLA) reports massive increase in production capacity across all factories