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
Tag: Tesla
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
Tesla grows revenue 42%, but automotive margins decline
Tesla’s margins were impacted by inflation and fiercer competition for the components that go into EVs. Go to Source
Jury: Tesla just 1% to blame for teen driver’s fiery crash
Miami – A jury in Florida has found Tesla just 1% negligent in a fiery crash that killed two teens, for disabling a speed limiter on the electric car. Tuesday’s verdict placed 90% of the blame on the driver, Barrett Riley, and 9% on his father, James Riley, who brought the lawsuit against Tesla. It’s… Continue reading Jury: Tesla just 1% to blame for teen driver’s fiery crash
@Tesla: Tesla Releases Second Quarter 2022 Financial Results000091
AUSTIN, Texas, July 20, 2022 – Tesla has released its financial results for the second quarter of 2022 by posting an update on its Investor Relations website. Please visit https://ir.tesla.com to view the update. As previously announced, Tesla management will host a live question and answer (Q&A) webcast at 4:30 p.m. Central Time (5:30 p.m.… Continue reading @Tesla: Tesla Releases Second Quarter 2022 Financial Results000091
Tesla sold 75 percent of its Bitcoin
Tesla already reported vehicle shipment numbers for the second quarter, and now its full Q2 2022 financial report (pdf) reveals it’s dealing with inflation and the overall economic downturn, as well as the “crypto winter” that has sent prices of Bitcoin plunging. In the letter to investors, Tesla execs reveal the company has sold 75… Continue reading Tesla sold 75 percent of its Bitcoin
German Handelsblatt: Electromobility: A trumpet with many tricks – the BMW iX xDrive 50 in the Handelsblatt Autotest004773
Powerful appearance The electric SUV BMW iX polarizes with its beefy looks. This car test is a ride against my prejudices – three of them at once. First: SUVs are as big as they are superfluous. In my opinion, apart from the driver’s need for recognition, they don’t fulfill any need that a station wagon… Continue reading German Handelsblatt: Electromobility: A trumpet with many tricks – the BMW iX xDrive 50 in the Handelsblatt Autotest004773
German Handelsblatt: Electromobility: A trumpet with many tricks – the BMW iX xDrive 50 in the Handelsblatt Autotest004772
Powerful appearance The electric SUV BMW iX polarizes with its beefy looks. This car test is a ride against my prejudices – three of them at once. First: SUVs are as big as they are superfluous. In my opinion, apart from the driver’s need for recognition, they don’t fulfill any need that a station wagon… Continue reading German Handelsblatt: Electromobility: A trumpet with many tricks – the BMW iX xDrive 50 in the Handelsblatt Autotest004772
Volkswagen’s U.S. CEO steps down to lead its Scout EV brand
Volkswagen Group of America CEO Scott Keough is stepping down to helm the automaker’s Scout brand for battery-electric pickup trucks and SUVs. Keough, who has served as president and chief executive of Volkswagen Group of America since 2018, will become Scout’s president and CEO. He will be replaced by Pablo Di Si, executive chairman of… Continue reading Volkswagen’s U.S. CEO steps down to lead its Scout EV brand