(Bloomberg) — Omead Afshar, one of Elon Musk’s top lieutenants and the executive running Tesla Inc.’s Texas factory, is under scrutiny in an internal investigation for his role in a plan to purc...
Tag: Tesla
MG4 Mulan Could Be Europe’s First Really Affordable Mainstream EV
We have been waiting for electric vehicles to hit price parity with fossil fuel cars for a while. Right now, EVs are still quite a bit more expensive, and this has led to claims that they are just toy...
Dow Jones Futures Fall With Market Rally Still Missing This; Tesla Rises On Earnings
Dow Jones futures were little changed early Thursday, along with S&P 500 futures and Nasdaq futures, with Tesla earnings in focus. The stock market rally added to momentum Wednesday, led by techs ...
After Tesla, Did Microstrategy Liquidated its Bitcoin Holdings?
On Friday, the cryptocurrency market recovered, with the top coin, Bitcoin, returning to the $23,000 threshold. Similar to the stock market, Bitcoin has been on the upward slope so far this week as in...
Tesla Sold 75% of BTC Holdings, Crypto Market Reclaims $1T, Ethereum Merge 90% Complete: This Week’s Recap
The past seven days were very eventful, and, fortunately, the week ended up in green. The total cryptocurrency market capitalization reclaimed the coveted $1 trillion level and is currently sitting at...
Elon Musk Reveals Why Tesla Dumped $936,000,000 in Bitcoin (BTC) in the Second Quarter
Tesla CEO Elon Musk is opening the lid on why the electric car maker disposed of a large chunk of its Bitcoin (BTC) holdings. In a second-quarter earnings call, Musk says Tesla sold a big portion of i...
Big losses on Bitcoin for Tesla and Microstrategy- The Cryptonomist
Tesla, MicroStrategy, and Block, three of the companies with the largest exposure in Bitcoin, lost about $5 billion on their positions in the second quarter. Tesla, MicroStrategy and Block record $5 b...
Crypto Daily – Daily Crypto And Financial News 22/07/2022, Tesla Sells $936M Of Its Bitcoin Holdings
In Todays Headline TV CryptoDaily News: Tesla sold $936M of its bitcoin holdings in Q2. Electric vehicle maker Tesla converted 75% of its bitcoin holdings into fiat currency, according to an announcem...
Tesla, MicroStrategy, Block’s bet on Bitcoin leads to $5B loss on books in Q2
Tesla, MicroStrategy, and Block’s bet on Bitcoin (BTC) led to a combined loss of $5 billion on the books in the second quarter, Bloomberg News reported on July 22. According to the report, Bitcoin’s 5...
Will Elon Musk’s Tesla Continue To Hodl Dogecoin Or Liquidate In Near Term?
The market value of cryptocurrencies is still greater than $1 trillion, despite the fact that electric vehicle (EV) manufacturer tesla tesla E-Commerce Followers : 0 View profile disclosed that it sol...
Tesla dumped 75% of its Bitcoin holdings amid a drop in profits
Leading electric car manufacturer Tesla has sold a large share of its Bitcoin holdings. The company’s financial statements released on July 20 show that it converted around 75% of its Bitcoin holdings...
Short orders against Tesla (TSLA) reach $1 billion
Tesla (NASDAQ: TSLA) posted its biggest single-day gain since January in yesterday’s session on July 21, as shares ended the day up 9.78%. More specifically, Tesla posted earnings with revenue of $16....
Crypto Reacts: Tesla Panic Sells Its Bitcoin, The Internet Explodes
One thing’s for sure, Tesla’s CEO knows how to generate headlines. The infamous Elon Musk was the talk of the town today, as news of his company selling 75% of their bitcoin hit the wires. The reactio...
Here’s How Much Tesla Lost by Selling Its Bitcoins at $29,000
Arman Shirinyan Tesla ended up being a bad investor, considering its loss caused by unfortunate Bitcoin market performance The cryptocurrency market was already disrupted by the news of Tesla selling ...
Dow Jones Futures Fall: Snap Crash Hits Online Giants After Tesla Drives Market Rally Higher
Dow Jones futures fell modestly early Friday, along with S&P 500 futures and Nasdaq futures, as Intuitive Surgical and especially Snap weighed on several online giants. The stock market rallied, w...
BTC price battles 200-week moving average after $930M Tesla Bitcoin sale
Bitcoin (BTC) staged its first test of critical support on July 21 as news that Tesla had liquidated most of its Bitcoin holdings subsided. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView...
Tron Founder Justin Sun Explains Why Tesla Selling Bitcoin Is Great News
Gamza Khanzadaev Crypto market no longer needs to worry, says crypto entrepreneur The news of Tesla selling 75% of its Bitcoin holdings may have left a negative imprint on the crypto market at the tim...
Tesla sold $936 million in bitcoin in the second quarter
Tesla sold $936 million bitcoin in the second quarter of 2022, bringing its current holdings down to $218 million. During a presentation on Wednesday, Tesla CEO Elon Musk said he would be open to incr...
Elon Musk: Tesla Sold Its Bitcoin Because of COVID Lockdowns in China
During Today’s Tesla earnings call, Tesla CEO Elon Musk explained the reason for the company’s sale of 75% of its Bitcoin holdings, worth approximately $936 million, as noted in its Q2 earnings ...
Bitcoin Price Falls Under $23K Following Tesla Q2 2022 Report
In the company’s letter to investors, Tesla executives stated that the company sold 75% of its Bitcoin holdings, adding $936 million in cash to its balance sheet. Bitcoin price saw a spike in price i...
Dow Jones Rallies; Tesla Erupts As Elon Musk Teases “Best Product Ever”; Apple Stock Pops
The Dow Jones Industrial Average fought its way out of the red as other indexes moved higher. Tesla (TSLA) rocketed after CEO Elon Musk gave an update on what he described as the “best product e...
Why Tesla Selling Bitcoins Is A Great News, Explains Justin Sun
Electric carmaker Tesla sold 75% of its Bitcoin holdings last quarter adding more than $936 million to its balance sheet. Tesla CEO Elon Musk said it was important for them to maximize their cash posi...
Danaher, Tesla, AT&T and more
A woman walks by an AT&T store in Washington D.C. Ting Shen | Xinhua News Agency | Getty Images Check out the companies making headlines in midday trading. Danaher – Shares of the medical conglome...
Elon Musk’s Tesla Has Sold 75% of Its Bitcoin Holdings
Tesla sold 75% of its Bitcoin, worth approximately $936 million, according to its Q2 earnings report. In its after-market earnings announcement, the electric car manufacturer founded by Elon Musk said...
Tesla Converted 75% of Bitcoin Holdings in Q2 2022 – crypto.news
Electric vehicle (EV) manufacturing giant Tesla owned by billionaire Elon Musk revealed that the company sold 75% of its bitcoin stash worth around $936 million in the second quarter of 2022. Tesla Li...
Is Elon Musk Done Hyping Bitcoin After Tesla Dumps Its Holdings
Tesla, which just over a year ago rocked the financial world by making a major investment in bitcoin (BTC), has backtracked and sold 75% of its holding. The Elon Musk-led company invested $1.5 billi...
Elon Musk Reveals the Reason Why Tesla Sold 75% of Its Bitcoin
The electric vehicle giant Tesla sold $936 million of its bitcoin holdings in Q2 this year. However, the move was prompted not because the company does not believe in the asset anymore, but because of...
BYD Makes First Foray Into Japan Passenger Car Market With Three EV Models
BYD unveiled three EV models for the Japan market at a conference in Tokyo on Thursday. BYD China-headquartered BYD, the world’s largest maker of electric vehicles, held a press conference in Tokyo on...
Tesla Sells $936M Of Bitcoin Reserves
The car manufacturing company has sold almost all of its BTC reserves, retaining only 25% of the Bitcoin it purchased last year. Tesla Unloaded BTC in Q2 On Tuesday, Tesla’s earnings report for the s...
Commentary on Tesla’s Sale of Digital Assets
July 20, 2022, 8:59PM EDT • 2 min read Quick Take Today Tesla announced it had sold off ~83% of its digital assets Elon Musk cited the COVID shutdowns in China as the catalyst behind the sale Tesla cl...