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Tesla buys $1.5B in bitcoin, may accept the cryptocurrency as payment in the future

Today in an SEC filing, Tesla disclosed that it has acquired $1.5 billion in bitcoin, the popular cryptocurrency. Moreover, the company noted that it may also accept bitcoin in the future as a form of payment for its cars, though it did allow that there is some regulatory uncertainty around that effort. As the news… Continue reading Tesla buys $1.5B in bitcoin, may accept the cryptocurrency as payment in the future

GENERATION ROBINHOOD: How the trading app conditioned its inexperienced users to obsessively play the market

By all indications, Robinhood has become the investing app for beginner retail traders. Its sleek design, flashy features, and simple interface have attracted 13 million users since 2013. Insider spoke with 10 users and industry experts to find out how Robinhood has transformed trading.  Visit Business Insider’s homepage for more stories. James Orellana was waiting… Continue reading GENERATION ROBINHOOD: How the trading app conditioned its inexperienced users to obsessively play the market

Tesla to accept bitcoin as payment in ‘near future’ after $1.5 billion investment

Tesla says it has invested $1.5 billion in the bitcoin cryptocurrency. The electric car manufacturer filed its annual 10-K report with the SEC this morning, and revealed the new bitcoin investment. Tesla says it will also “begin accepting bitcoin as a form of payment for our products in the near future.” Tesla customers have been… Continue reading Tesla to accept bitcoin as payment in ‘near future’ after $1.5 billion investment

Elon Musk puts up $100 million for global carbon reduction competition

By Reuters Staff 2 Min Read FILE PHOTO: SpaceX founder and chief engineer Elon Musk attends a news conference at the Kennedy Space Center in Cape Canaveral, Florida, U.S. January 19, 2020. REUTERS/Steve Nesius/File Photo (Reuters) – Tesla Inc boss and billionaire entrepreneur Elon Musk is offering a $100 million prize in a four-year global… Continue reading Elon Musk puts up $100 million for global carbon reduction competition

Elon Musk puts up $100 mln for global carbon reduction competition

By Reuters Staff 2 Min Read FILE PHOTO: SpaceX founder and chief engineer Elon Musk attends a news conference at the Kennedy Space Center in Cape Canaveral, Florida, U.S. January 19, 2020. REUTERS/Steve Nesius/File Photo (Reuters) – Tesla Inc boss and billionaire entrepreneur Elon Musk is offering a $100 million prize in a four-year global… Continue reading Elon Musk puts up $100 mln for global carbon reduction competition

Chinese EV startup Byton explores listing via SPAC deal: Sources

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Ford Mustang Mach-E Goes for “Made in China” Signature Just for the Local Market

Ford Mustang Mach-E Goes for “Made in China” Signature Just for the Local Market

28 Jan 2021, 10:26 UTC ·
by

Aurel Niculescu

Home > News > Car Profile

The Blue Oval company’s recent move is entirely logical since China continues to reign supreme as the world’s largest car market even under the stressful conditions of 2020. It really should come as no surprise that Ford decided so quickly to localize production of its battery-electric SUV.
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New energy vehicles (NEV – a.k.a. plug-in electrified vehicles) continue to represent a major draw for all automakers involved with the Chinese local market, so the Mustang Mach-E strikes all the right cords. The U.S. automaker recently announced its global SUV (built on a heavily reworked version of the C2 architecture) will be manufactured in China by the Changan Ford joint venture.
It’s set to arrive at Chinese dealerships later this year, and Ford promises the Mustang Mach-E will set new standards in style and performance in China's high-end EV market. There are no hints about pricing, but we can imagine the company will have its work cut out for it as the competition is quite strong in the premium EV field. Yes, we’re of course talking about the Tesla Model Y.
The Mustang Mach-E produced locally for the Chinese market will have an estimated range of more than 600 km (373 miles, based on the “CLTC-estimated range calculation methodology”) and slightly adjusted dimensions of 4,739/1,881/1,623 mm in terms of length, width, and height (187/74/ 64 inches), along with a wheelbase of 2,984 mm (117 in). Yes, the latter is longer, but only by 12 mm (0.5 in).
Ford touts all the latest technologies to be available with the Chinese-spec Mustang Mach-E as well, including the latest version of the Ford Co-Pilot360 suite of driver-assistance technologies, SYNC+ infotainment system, along with L2+ “automatic driving assistance functions, enabling Mach-E drivers to operate their vehicles hands-free on prequalified sections of divided highways.”
It’s also heralded as the first series-production vehicle that brings cellular vehicle-to-everything (C-V2X) technology on China’s roads, while OTA (over-the-air) software updates will “freshen the driving experience with improvements and new features.”
Interestingly, Ford has revealed it will produce in China not just the standard Mustang Mach-E but also the Mustang Mach-E GT high-performance version. The latter is said to join the “3-second club” when sprinting to 62 mph (100 kph) thanks to its front and rear dual-motor setup.

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Elon Musk spoke with Miami’s mayor about building a $30 million tunnel under the city (TSLA)

Miami’s mayor is interested in Elon Musk’s plan to build a tunnel under Miami’s congested downtown.  Musk said his startup, The Boring Company, could dig a tunnel for $30 million in six months.  Musk claims the project would “solve traffic” in Miami, but critics aren’t convinced.  Visit the Business section of Insider for more stories.… Continue reading Elon Musk spoke with Miami’s mayor about building a $30 million tunnel under the city (TSLA)