Photo illustration by Chesnot/Getty Images The price of bitcoin rose by as much as 7% on Thursday after Elon Musk posted a vague tweet with a reference to dogecoin and an image of a crypto-themed ring. The digital asset rose by $4,000 to trade around $48,000 at 9:40 a.m. ET, after it was stuck around… Continue reading Bitcoin jumps 7% after Elon Musk posts an image of a crypto-themed ring and makes a vague reference to dogecoin
Tag: Tesla
Tesla’s rise means that Elon Musk represents a ‘key man’ risk for the stock market, DataTrek says
Yasin Ozturk/Anadolu Agency via Getty Images The meteoric rise of Tesla and its inclusion into the S&P 500 means Elon Musk represents “key man” risk to the stock market, DataTrek said in a note on Thursday. “Tesla is 2% of the S&P 500, large enough to drag down the index if something were to happen… Continue reading Tesla’s rise means that Elon Musk represents a ‘key man’ risk for the stock market, DataTrek says
Cathie Wood and her analysts discuss why Tesla’s $1.5 billion bitcoin purchase could trigger a wave of corporate investments, the fallout of the GameStop-AMC phenomenon, and their bullish views on the Chinese stock behind Clubhouse
In a Tuesday webinar, Ark CEO Cathie Wood said stocks are not in a bubble but bonds are. She and her team break down the implications of Tesla’s $1.5 billion bitcoin investment. They also shared the investment case for the Chinese stock behind the audio chat app Clubhouse. Visit the Business section of Insider for… Continue reading Cathie Wood and her analysts discuss why Tesla’s $1.5 billion bitcoin purchase could trigger a wave of corporate investments, the fallout of the GameStop-AMC phenomenon, and their bullish views on the Chinese stock behind Clubhouse
Crypto boss Justin Sun is down $8 million on his GameStop bet — and reveals he told Warren Buffett to invest in Tesla and bitcoin
Warren Buffett and Justin Sun. Reuters Connect Justin Sun invested $12 million in GameStop, AMC, and silver during the meme-stock boom. The Tron chief’s $10 million bet on GameStop has slumped in value to about $2 million. Sun advised Warren Buffett to invest in Tesla and Bitcoin during their charity lunch. Visit Business Insider’s homepage… Continue reading Crypto boss Justin Sun is down $8 million on his GameStop bet — and reveals he told Warren Buffett to invest in Tesla and bitcoin
Elon Musk’s brother sold Tesla shares worth $25.6 million after an upward streak in the electric-car maker’s stock
Kimbal Musk. Michael Loccisano/Getty Images Kimbal Musk, a Tesla board member, sold $25.6 million worth of shares in the electric-car maker this week. Elon Musk’s younger brother still holds nearly 600,000 shares in the company, worth about $483 million. Another board member, Antonio Gracias, sold 150,747 Tesla shares but replaced them with call options. Sign up here… Continue reading Elon Musk’s brother sold Tesla shares worth $25.6 million after an upward streak in the electric-car maker’s stock
EVgo Further Extends Nation’s Largest Fast Charging Network to Tesla Drivers
LOS ANGELES, Feb. 11, 2021 /PRNewswire/ — EVgo, the nation’s largest public fast charging network for electric vehicles (EVs), is expanding its offering for Tesla drivers to charge at more EVgo stations across the country, upgrading hundreds of its stations with integrated Tesla connectors. This will further EVgo’s reach as the only EV charging platform… Continue reading EVgo Further Extends Nation’s Largest Fast Charging Network to Tesla Drivers
Electric vehicles force carmakers to reinvent the wheel, and brakes, and mirrors …
The pronouncement is likely to apply more pressure on more automakers, both in the United States and abroad, to beef up their electric efforts, and on the fossil fuel industry to find alternatives to its oil and gasoline products. Taking a cue from its Swedish colleagues at Volvo and the pragmatic views of automotive product… Continue reading Electric vehicles force carmakers to reinvent the wheel, and brakes, and mirrors …
Twitter has thought about holding bitcoin, not decided yet: CNBC – Reuters
By Reuters Staff 2 Min Read FILE PHOTO: The Twitter logo is seen outside the company headquarters in San Francisco, California, U.S., January 11, 2021. REUTERS/Stephen Lam/File Photo (Reuters) – Twitter Inc has thought about whether to hold bitcoin on its balance sheet, but has not made any changes yet, the social media platform’s chief… Continue reading Twitter has thought about holding bitcoin, not decided yet: CNBC – Reuters
Bitcoin’s pullback slashes 23% from crypto evangelist Michael Saylor’s MicroStrategy (MSTR, TSLA)
Bitcoin’s pullback leads to volatility in MicroStrategy. NurPhoto/Getty Images Noted bitcoin bull Michael Saylor saw shares of his company MicroStrategy fall as much as 23% on Wednesday. The volatile move is a result of MicroStrategy’s significant bitcoin exposure. JPMorgan analysts warned clients in a note of the increased volatility that results from holding bitcoin. Sign… Continue reading Bitcoin’s pullback slashes 23% from crypto evangelist Michael Saylor’s MicroStrategy (MSTR, TSLA)
From Tesla’s wildest Model S yet to Rivian’s off-road pickup, these are the 14 coolest upcoming EVs set to hit the road in 2021
2020 was a massive year for electric vehicles, but 2021 may be even better. Battery-powered pickups, SUVs, luxury sedans, and more — ranging from around $40,000 into the six figures — will hit US roads by the end of 2021. Over the next year, upstarts like Rivian, Bollinger, and Lucid are set to deliver their… Continue reading From Tesla’s wildest Model S yet to Rivian’s off-road pickup, these are the 14 coolest upcoming EVs set to hit the road in 2021