Michael Saylor. Charles Norfleet/Getty Images MicroStrategy CEO and bitcoin evangelist Michael Saylor said this is the “year of institutional investment” in cryptocurrencies. The news comes as bitcoin tested new highs of over $48,000 per coin on Tuesday morning. Saylor held a “Bitcoin for Corporations” conference on February 3 and 4 that saw 7,000 companies attend.… Continue reading Bitcoin evangelist Michael Saylor says this is the ‘year of institutional investment’ in cryptocurrency following Tesla’s groundbreaking move (MSTR, TSLA)
Tag: Tesla
Tesla grew its workforce by nearly 50% during its monumental 2020 (TSLA)
Tesla grew its global workforce by well over 20,000 people last year. The company now employs at least 70,000 people, a nearly 50% gain over the previous year. Tesla is poised to add more workers in 2021 as it prepares to open factories in Texas and Germany. Visit the Business section of Insider for more… Continue reading Tesla grew its workforce by nearly 50% during its monumental 2020 (TSLA)
The research lab where Tesla plans to design a $25,000 car will be up and running this year, executive says
The head of Tesla in China said the company’s research and development center will be running within the year. The site will design Tesla’s new $25,000 autonomous electric car. The center is part of Elon Musk’s plans to capitalize on China’s lucrative EV market. Visit the Business section of Insider for more stories. The head… Continue reading The research lab where Tesla plans to design a $25,000 car will be up and running this year, executive says
Tesla’s investment in China is paying off — its sales more than doubled last year
Tesla’s revenue in China more than doubled last year as the American electric-car manufacturer further pushed into the Asian market. In 2019, Tesla generated approximately $3 billion in China. By 2020, that revenue had ballooned to $6.6 billion, according to Tesla’s annual 10-K report with the Securities and Exchange Commission which was first reported by… Continue reading Tesla’s investment in China is paying off — its sales more than doubled last year
Elon Musk’s $1.5 billion bet on bitcoin has exposed Tesla to ‘immense’ risk that could wipe out its profits, analysts say
Elon Musk’s Tesla snapped up $1.5 billion of bitcoin in January, but analysts said it was a risky move Frederic J. Brown/Getty Images Tesla’s decision to buy up $1.5 billion of bitcoin exposes Elon Musk’s electric car company to “immense” risks that could wipe out its annual profit if the cryptocurrency’s price plunges, a Saxo… Continue reading Elon Musk’s $1.5 billion bet on bitcoin has exposed Tesla to ‘immense’ risk that could wipe out its profits, analysts say
Lucid Motors reveals European deliveries will begin late 2021
In a recent reply to a follower’s question on Twitter, Lucid Motors just revealed that it plans to begin deliveries of its first vehicles to European countries at the end of this year. The American automaker’s Air sedan is scheduled to begin deliveries stateside this spring. Lucid Motors came out swinging at all EV competition… Continue reading Lucid Motors reveals European deliveries will begin late 2021
Tesla will complete R&D center this year to design new $25,000 electric car
Tesla is on track this year to complete its new R&D center in Shanghai that will engineer and design its new $25,000 electric car. Tesla R&D center in China Just over a year ago, Tesla announced plans to establish a new R&D and design center in China to build “a Chinese-style” electric car. Tesla started taking… Continue reading Tesla will complete R&D center this year to design new $25,000 electric car
Tesla’s Bitcoin-equals-cash view isn’t shared by crypto owners
Observers outside the world of Bitcoin take the view that Bitcoin remains a speculative asset that an odd shop or two takes in lieu of cash Go to Source
EV company with almost no revenue posts 3,000% gain in 8 months
There is nothing about the finances of Blink Charging Co. that would suggest it’s one of the hottest stocks in America. It’s never posted an annual profit in its 11-year history; it warned last year it could go bankrupt; it’s losing market share, pulls in anemic revenue and has churned through management in recent years.… Continue reading EV company with almost no revenue posts 3,000% gain in 8 months
Tesla and Musk risk wearing out China welcome over quality fears
HONG KONG — Few foreign automobile companies have enjoyed the kind of policy support Tesla has had in China — but Beijing’s latest action towards Elon Musk’s company is a shot across the bows not to take its lofty position in the world’s largest car market for granted. Tesla’s executives in Shanghai and Beijing have… Continue reading Tesla and Musk risk wearing out China welcome over quality fears