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
Tag: Electric vehicles
Suzuki to offer hybrid-powered models for all ‘kei’ minicars
TOKYO — Suzuki Motor will aim to equip all of its minivehicles with simple hybrid systems in a few years, Nikkei has learned, as the automobile industry weathers a storm of change amid intensifying competition. The Japanese automaker also plans to develop fuel-efficient high-performance hybrid vehicles and electric vehicles. Japan’s signature miniature vehicles, known as… Continue reading Suzuki to offer hybrid-powered models for all ‘kei’ minicars
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
CATL To Increase Investment in Neo Lithium
TORONTO, Feb. 9, 2021 /CNW/ – Neo Lithium Corp. (“Neo Lithium” or the “Company“) (TSXV: NLC) (OTCQX: NTTHF) (FSE: NE2) is pleased to announce that Contemporary Amperex Technology Co., Limited (SZSE: 300750) (“CATL“), a leading Chinese battery manufacturer and technology company that specializes in the manufacturing of lithium-ion batteries for electric vehicles and energy storage… Continue reading CATL To Increase Investment in Neo Lithium
Nissan looks to transform brand with 10 new products
Yahoo Finance’s Alexis Christoforous and Allyson Witherspoon, Nissan CMO, discuss Nissan’s new push to reinvent the brand amid the pandemic. Video Transcript ALEXIS CHRISTOFOROUS: Nissan just revealed a product refresh for two of its iconic brands, the Pathfinder and the Frontier. It completes the Japanese automaker’s US transformation of 10 new products in just 20… Continue reading Nissan looks to transform brand with 10 new products
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
Tesla just invested $1.5 billion in bitcoin. Here are the bull and bear cases for the crypto, according to legendary macro trader Mike Novogratz and Goldman’s wealth management CIO.
Bitcoin spiked 16% to an all-time high on Tesla’s $1.5 billion investment in the digital asset. To some, the move signals bitcoin’s broader adoption; for others, it’s the overlap of two bubbles. Insider compiled the bull and bear cases of bitcoin from two industry heavyweights. Visit the Business section of Insider for more stories. It… Continue reading Tesla just invested $1.5 billion in bitcoin. Here are the bull and bear cases for the crypto, according to legendary macro trader Mike Novogratz and Goldman’s wealth management CIO.