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
Tag: Tesla
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
Tesla’s Musk drives up bitcoin price with $1.5bn purchase
Bitcoin took another large stride toward mainstream acceptance on Monday after billionaire Elon Musk’s electric vehicle company Tesla revealed it had bought $1.5 billion of the cryptocurrency and would soon accept it as a form of payment for cars, sending the cryptocurrency shooting higher. The announcements, buried deep in Tesla’s 2020 annual report, drove a… Continue reading Tesla’s Musk drives up bitcoin price with $1.5bn purchase
Daimler Trucks chief says clean trucks will be ready before clean fuels
By Joseph White 3 Min Read DETROIT (Reuters) – Daimler Trucks could have a full line of zero-emission commercial vehicles ready by 2027, ahead of most proposed deadlines for phasing out internal combustion engines, but deploying them will depend on infrastructure investments that have not yet been made, the Daimler AG unit’s chairman said. FILE… Continue reading Daimler Trucks chief says clean trucks will be ready before clean fuels
Elon Musk representatives were reportedly spotted at bitcoin titan Michael Saylor’s conference just days before the company’s $1.5 billion purchase became public (TSLA, MSTR)
Representatives for Elon Musk reportedly attended Michael Saylor’s “Bitcoin for Corporations” conference before news of Tesla’s bitcoin buy went public. Michael Saylor, CEO of MicroStrategy, is a noted bitcoin bull. His company holds 71,709 bitcoin. “I can confirm that Elon Musk had at least three people at the Michael Saylor event, including two from treasury!”… Continue reading Elon Musk representatives were reportedly spotted at bitcoin titan Michael Saylor’s conference just days before the company’s $1.5 billion purchase became public (TSLA, MSTR)
‘Big Short’ investor Michael Burry says Tesla’s $1.5 billion bet on Bitcoin was a distraction — and Dogecoin’s record price signals a massive bubble
“The Big Short” investor Michael Burry. Bloomberg TV “The Big Short” investor Michael Burry suggested Tesla bought Bitcoin to distract from regulatory issues in China. Burry also pointed to Dogecoin’s record price as evidence of a huge market bubble. The Scion Asset Management boss revealed he was short Tesla in December. Visit Business Insider’s homepage… Continue reading ‘Big Short’ investor Michael Burry says Tesla’s $1.5 billion bet on Bitcoin was a distraction — and Dogecoin’s record price signals a massive bubble
Bitcoin rockets to record high of $48,000 after Elon Musk’s Tesla buys up $1.5 billion — with one backer saying the currency could hit $100,000 in 2021
The bitcoin price continued to break records, touching $48,000 before slipping back slightly. Elon Musk’s Tesla said it had bought $1.5 billion of bitcoin, fuelling a cryptocurrency rally. Michael Novogratz said other companies would follow suit, although some analysts were skeptical. Elon Musk’s Tesla lit a fire under the Bitcoin price on Monday Odd Andersen/Getty… Continue reading Bitcoin rockets to record high of $48,000 after Elon Musk’s Tesla buys up $1.5 billion — with one backer saying the currency could hit $100,000 in 2021