Tesla (TSLA) has lost over $500 million in value from its Bitcoin investment amid what people are now calling a “crypto winter.” 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 by removing… Continue reading Tesla (TSLA) has lost over $500 million from its Bitcoin investment amid crypto winter
Category: Automotive
The Kraken crypto exchange is hiring — as long as employees don’t call things racist
With the price of Bitcoin, Ethereum, and almost every other cryptocurrency tumbling dramatically, major crypto companies like Coinbase and Crypto.com have laid off hundreds of workers in the past few days alone. But one company is on a hiring spree — just not for employees who will call out racism, transphobia, or label other kinds… Continue reading The Kraken crypto exchange is hiring — as long as employees don’t call things racist
GM investing $81M to hand build ultra-exclusive Cadillac Celestiq electric cars
The decision marks the first time GM will build a vehicle for commercial sales at its massive tech campus in Warren, Michigan. Go to Source
Ford CFO says inflation has erased Mustang Mach-E profits, but isn’t hurting demand for new vehicles
Ford Motor’s CFO said Wednesday that the company isn’t yet seeing consumer demand for new vehicles drop off. Go to Source
Chinese Tesla rival Nio launches new electric SUV as competition heats up
Nio shares rose on Wednesday after the company unveiled the ES7 electric SUV which starts at 468,000 Chinese yuan ($69,693). Go to Source
U.S. safety agency says Tesla accounts for most driver-assist crashes, but warns data lacks context
Federal safety officials stressed that the data is not meant to portray whether one advanced driver-assist system is safer than another. Go to Source
Mustang Mach-E recall, Polestar 5 debut date, onboard chargers: Today’s Car News
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Will future EVs simplify and save weight by dropping the onboard charger?
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Polestar 5 flagship EV will debut this month at UK enthusiast event
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All-In-One Financial Services? Vietnam’s MoMo Has a Super-App for That
For younger generations, paper bills, loan forms and even cash might as well be in a museum. Smartphones in hand, their financial services largely take place online. The financial-technology companies that serve them are in a race to develop AI that can make sense of the vast amount of data the companies collect — both… Continue reading All-In-One Financial Services? Vietnam’s MoMo Has a Super-App for That