It’s been a tough week for bitcoin. Cesc Maymo/Getty Images Bitcoin headed for a 13% fall in the week to Friday, after Elon Musk’s major U-turn on accepting the cryptocurrency as payments for Teslas, but managed to regain some stability over the course of the day. The most-traded crypto asset was down 13.1% for the… Continue reading Bitcoin slides 13% for the week after Elon Musk’s bombshell U-turn, but finds some support at $50,000
Tag: Tesla
Dogecoin slumps 20% after Tesla’s bitcoin shock — while other tokens like Ethereum’s ether and litecoin also slide
Shutterstock Dogecoin and other cryptocurrencies sank on Thursday after Elon Musk suspended bitcoin payments for Tesla cars. The meme-inspired digital asset tumbled 20% to trade around 40 cents. Litecoin fell 14%, while Ripple’s XRP and Ethereum’s ether lost 11% – having each dropped more than 20% from their peaks. Bitcoin dropped as much as 15%… Continue reading Dogecoin slumps 20% after Tesla’s bitcoin shock — while other tokens like Ethereum’s ether and litecoin also slide
Tesla CEO Elon Musk halts use of bitcoin for car purchases
Tesla would retain its bitcoin holdings with the plan to use the cryptocurrency as soon as mining transitions to more sustainable energy sources, Musk said. Tesla Inc will no longer accept bitcoin for car purchases, Chief Executive Elon Musk said, citing long-brewing environmental concerns for a swift reversal in the company’s position on the cryptocurrency.… Continue reading Tesla CEO Elon Musk halts use of bitcoin for car purchases
Bitcoin still struggling after Musk’s Tesla U-turn
Bitcoin recovered about half of its losses on Thursday, a day after plunging 17% when Tesla boss Elon Musk said his company (TSLA.O) would stop accepting the digital tokens as payment for its cars. read more The price of the world’s largest cryptocurrency rose back up to around $49,808 at 1150 GMT. On Wednesday it… Continue reading Bitcoin still struggling after Musk’s Tesla U-turn
Tesla Model S Plaid buyers are starting to get some delivery dates for next month
Tesla Model S Plaid has seen a few delivery delays, but now buyers are starting to get some delivery dates for next month as the new version of Tesla’s flagship sedan is finally coming. In January, Tesla introduced a refreshed version of the Model S and Model X that brings a new powertrain, new interior, and updated… Continue reading Tesla Model S Plaid buyers are starting to get some delivery dates for next month
German Handelsblatt: Annual General Meeting: BMW electric strategy in the criticism: “A half-hearted commitment to e-mobility is not enough” 002066
BMW boss Oliver Zipse In the future, the CEO will focus on more sustainability in production. (Photo: dpa) Munich The BMW Group wants to significantly reduce the consumption of resources in the future. The CEO Oliver Zipse announced on Wednesday at the virtual general meeting: “We have to align our vehicles with sustainability from the… Continue reading German Handelsblatt: Annual General Meeting: BMW electric strategy in the criticism: “A half-hearted commitment to e-mobility is not enough” 002066
Ford Patents Tech to Annoy Drivers With In-Car Advertisements
Let’s hope this feature never materializes. Scanning Billboards US automaker Ford has patented a piece of technology that could prove to be a major headache for its customers — if, that is, it ever makes it into the company’s cars. A new patent filed by the car company suggests Ford cars could soon scan the car’s… Continue reading Ford Patents Tech to Annoy Drivers With In-Car Advertisements
Tesla has scrapped plans to expand its Shanghai Model 3 factory, and will slow production in China because of US-Beijing tensions, according to a report
Tesla has stopped a planned expansion of its Shanghai plant, sources told Reuters. Tesla will slow production in China because of tensions between the China and US, they said. The expanded Shanghai plant would have allowed Tesla to produce 200,000 extra vehicles, they said. See more stories on Insider’s business page. Tesla no longer intends… Continue reading Tesla has scrapped plans to expand its Shanghai Model 3 factory, and will slow production in China because of US-Beijing tensions, according to a report
Dogecoin surges after Elon Musk hints Tesla could accept the meme-coin as payment
Yuriko Nakao/Getty Images; Britta Pedersen-Pool/Getty Images; Samantha Lee/Insider Dogecoin spiked by as much as 20% on Tuesday after Elon Musk tweeted a poll asking if his followers want Tesla to accept the cryptocurrency as payment, hinting that this could be a payment method for the electric-vehicle maker. The digital asset surged to 53 cents from… Continue reading Dogecoin surges after Elon Musk hints Tesla could accept the meme-coin as payment
Lidar startup Innovusion closes $64M round led by Temasek
More investors are joining the wave to bet on lidar, the remote sensing method that uses laser light to measure distances and has garnered ample interest from automakers in recent times. But it’s also a technology that has long been scorned by Elon Musk partly due to its once exorbitant costs. Innovusion, a five-year-old lidar… Continue reading Lidar startup Innovusion closes $64M round led by Temasek