Unfortunately, because bitcoin is treated as an indefinite-lived intangible asset, the company is not allowed to increase the value of the bitcoin to accurately represent the financial reality that th...
Tag: Teslas
Tesla’s Textbook Breakout Is a Sign of Things to Come
Tesla Inc. (TSLA) ripped higher on Thursday, gaining 9% after posting strong second-quarter results. What’s next for shares of the largest U.S.-based electric vehicle manufacturer? Tesla beat an...
Binance CEO Downplays Tesla’s Bitcoin Snub
Alex Dovbnya Binance CEO Changpeng Zhao says that amount of Bitcoin that Tesla liquidated during second quarter was “drop in the ocean” In a recent tweet, Binance CEO Changpeng Zhao downpl...
Tesla’s $100 billion rally costs short sellers at least $1 billion
A recent rally in Tesla shares (TSLA) has meant some serious pain for short-sellers who had enjoyed a successful spring betting against the electric carmaker. Short-sellers betting against Tesla lost ...
Justin Sun quoted the Selling of Tesla’s 75 percent Bitcoin Holding As “Great News.”
Tesla is selling its 75 percent Bitcoins holding. Musk mentioned that Tesla would not Sell any of its DogeCoin holdings. Tesla is an Electric- Car manufacturing company. Elon M...
Michael Saylor Takes Shot at Elon Musk on Twitter Over Tesla’s $936M Bitcoin Sale
Shortly after EV manufacturer Tesla disclosed it had sold three quarters of its Bitcoin holdings, MicroStrategy CEO Michael Saylor took to Twitter to publicly do the math. “If you sell 75% of your bit...
Quant Suggests Tesla’s Bitcoin Dump Behind Recent Red Coinbase Premium
A quant has suggested that the reason behind the recent negative Coinbase Premium could have been due to Tesla’s Bitcoin selling. Tesla Dumping 75% Of Its Bitcoin Holdings Might Be Behind Negative Coi...
Here’s The Crucial Silver Lining To Tesla’s Bombshell $936 Million Bitcoin Sale ⋆ ZyCrypto
Advertisement     Tesla sent shockwaves across the crypto world late Wednesday after revealing that it had reduced its bitcoin position by 75% in Q2. Elon Musk explain...
Tesla’s Rally Creates $1 Billion Headache for Its Army of Shorts
(Bloomberg) — The 10% surge in Tesla Inc. shares Thursday after the electric-vehicle maker reported strong earnings is creating one notable group of losers: The pile of traders betting against t...
Elon Musk Clarifies His Stance on Bitcoin After Tesla’s U-Turn
Alex Dovbnya Tesla CEO Elon Musk said that he was open to buying more Bitcoin in the future Tesla CEO Elon Musk said that his company’s decision to sell most of its Bitcoin holdings shouldn’t be taken...
Rumors Of MicroStrategy Selling Bitcoin Grow With Tesla’s Disclosure
Bitcoin and the crypto market have been losing momentum in the last 24 hours after experiencing a relief rally. Yesterday, the Elon Musk-led car manufacturer Tesla announced that it sold 75% of its BT...
Tesla’s Bitcoin dump of $936M- Breaking down its impact on BTC
The world’s largest electric car company, Tesla, held Bitcoin [BTC] worth billions of dollars for a long time. The company claimed not to have sold any of its BTC after investing another $1.5 billion ...
Elon Musk: Tesla’s Bitcoin Sale Not a Verdict on the Asset
Tesla held $218 million worth of digital assets on its balance sheet as of June 30 Musk said crypto is “not something we think about a lot” Tesla sold roughly 75% of its bitcoin in the second quarter ...
Tesla’s Bitcoin Sales Holds Up Musk’s Endless Dogecoin Love Era
Tesla retains $936 million in its balance sheet after selling BTC holdings. In the previous year, Tesla invested $1.5 billion in BTC. On Wednesday, Tesla Inc revealed in a letter to its shareholders, ...
Drivers have decided Teslas are worth the higher sticker price — but are they ready to get burned on insurance?
Drivers have decided Teslas are worth the higher sticker price — but are they ready to get burned on insurance? If you feel like you’re seeing that shiny metal “T” more on the road, ...
Tesla’s Long-Time Partner Panasonic Building $4 Billion EV Battery Plant In Kansas
Panasonic’s new Kansas battery plant will be among the largest in the U.S. Panasonic Energy Panasonic, Tesla’s main battery manufacturer and a key investor since the company’s earliest days, say...
Will Tesla’s EV Dominance Soon Be Tamed?
Everyone is gunning for Tesla in the car world. It’s not surprising, considering how rapidly the company has become the poster child of electrification, and how (deliberately) annoying Elon Musk is on...
Elon Musk’s Relationship With Employee May Have Violated Tesla’s Ethics Code, Experts Say
ILLUSTRATION BY FORBES; Photos by Theo Wargo/WireImage/Getty Images Tesla CEO Elon Musk has tacitly acknowledged having a romantic relationship with a subordinate employee, conduct that led to force...
BYD, Chinese EV Rivals Turning Into Tesla’s Toughest Competition
BYD began selling its Han electric sedan, priced from about $32,000 in China, earlier this year. BYD Elon Musk’s Tesla was the clear global leader in electric vehicle sales at the start of 2022, power...
More Offshore Wind, Tesla’s ‘Money Furnaces’ And Green Hydrogen In Coal Country
This week’s Current Climate, which every Saturday brings you the latest news about the business of sustainability. Sign up to get it in your inbox every week. Getty Images On Thursday, the Biden Admin...
Why Tesla’s ‘gigantic money furnaces’ in Berlin and Texas aren’t a concern for investors—yet
Just as the books begin to close on Tesla’s challenging second quarter, CEO Elon Musk has dropped what seems to be a neutron bomb on the market. The two new gigafactories in Germany and Texas are “gig...
Musk Calls Tesla’s Berlin, Austin Plants ‘Money Furnaces’ Amid Startup Snags
Tesla CEO Elon Musk speaks at the opening of Giga Texas in Austin on April 7, 2022. AFP via Getty Images) Tesla’s brand new plants in Germany and Texas will eventually help the electric-car maker dram...
$9 Billion For Climate Tech Startups, Tesla’s Tough Quarter And Flooding In Yellowstone
This week’s Current Climate, which every Saturday brings you the latest news about the business of sustainability. Sign up to get it in your inbox every week. More than $2.5 billion in the first quart...
Tesla’s Tough Quarter Means Price Hikes, Job Cuts And Stalled Production In China
Tesla Model Y and Model 3 electric vehicles built at the company’s Shanghai plant are loaded up to be shipped to Belgium. Shen Chunchen/VCG via Getty Images Tesla’s Model Y, the electric-car mak...
Tesla’s Probably Going to Miss Earnings in Q2 — And So What if It Does?
Just a little over a week ago, Tesla (TSLA) CEO Elon Musk issued a stark warning to the company’s investors — and to investors in general. Musk said he had a “super bad feeling”...
Tesla’s Musk Sends Dire Warning to Rivals Lucid and Rivian
When Elon Musk, the CEO of Tesla (TSLA) – Get Tesla Inc. Report, speaks about the environment and the problems facing the automobile sector, industry actors listen. For many years, the billion...
Pausing Solar Tariffs, Tesla’s Stock Split And Quantum Computing For Sustainable Manufacturing
This week’s Current Climate, which every Saturday brings you the latest news about the business of sustainability. Sign up to get it in your inbox every week. China News Service via Getty Images Earli...
Tesla’s Master Plan Part 3 Is Revealed By Elon Musk
The CEO reacted as follows: Part 3 of the Master Plan focuses on obtaining very enormous scale. There must be a massive scale shift in order to shift the entire world’s energy and transportation infra...
Tesla’s China Numbers Are Coming. Here’s What to Expect.
Text size Tesla’s Shanghai plant was shut at the start of April due to China’s Covid-19 lockdown measures. Xiaolu Chu/Getty Images Tesla ’s wholesale numbers from its Shanghai plant for Ma...
Elon Musk will cut 10% of Tesla’s staff
Elon Musk, CEO of Tesla and beyond, is back to the drawing board, and this time he is doing so by touching on issues that are very sensitive to the population, employment and productivity, and giving ...
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...