Category: News
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US futures head to more record highs ahead of big tech earnings, while oil climbs despite raging global pandemic
US stock market investors are feeling optimistic about the economy. Spencer Platt/Getty Images US futures rose on Tuesday morning, the day after the S&P and Nasdaq hit record highs. Investors eagerly awaited Q1 earnings from Microsoft and Alphabet, and weighed up Tesla's results. Oil prices climbed as the demand outlook brightened, despite the ongoing COVID-19…
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Tesla To Add Battery Recycling Facilities To Its Shanghai Gigafactory
Based on documents submitted to Shanghai government, Tesla intends to include recycling centers to its neighborhood factory. The centers, per Reuters, will have the ability to fix and replicate key elements like battery cells and electrical motors. Batteries are among the most environmentally taxing components in the automotive sector, thus finding a way to decrease…
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Elon Musk says Tesla sold 10% of its bitcoin to show it’s a good alternative to cash – but he isn’t selling his personal holding
Tesla CEO, Elon Musk. Frederic J. Brown/Getty Images Elon Musk said Tesla sold 10 percent of its own bitcoin holdings to show it's a good alternative to cash. The billionaire added he hasn't offered any of his personal bitcoin holdings. Tesla beat Wall Street expectations for profit on Monday, but fell short on earnings. Sign…
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SpaceX Starship holds up under pressure, lines up Raptor engine test fire
After a few false starts and some minor delays, SpaceX’s 11th Starship prototype (SN11) has made it through two of the three major tests standing between it and liftoff. SpaceX rolled Starship SN11 from the factory to the launch pad on March 8th, just five days after Starship SN10 briefly became the first prototype of…
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Bitcoin cheat sheet: Everything professionals need to know
If you’re curious about the original decentralized cryptocurrency, here’s what you need to know about Bitcoin, including why the price of a bitcoin keeps climbing. Image: Tsokur, Getty Images You’ve probably heard of Bitcoin—it’s a digital currency that doesn’t need a central bank, functions internationally and keeps gaining value. Everyone wants a piece, but not…
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Top 5 questions Tesla (TSLA) retail investors want answered in the Q1 2021 earnings call
Tesla’s Q1 2021 earnings call is coming up, and TSLA shareholders only have a day left to vote on questions during the meeting. Below are the top 5 questions retail investors are asking. Question 1 & 2 – Dojo and Solar Roof Updates Retail investor Robert M. submitted two questions that have garnered significant shares…
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Elon Musk says pandemic supply-chain issues and a global microchip shortage resulted in ‘insane difficulties’ for Tesla
Elon Musk NurPhoto/Contributor/Getty Images Elon Musk said Tesla experienced significant supply chain hurdles in the last quarter. Musk cited the global chip shortage, as well as port delays, and COVID-19 restrictions in China. Supply-chain disruptions have impacted many US companies, causing shortages and price hikes. See more stories on Insider's business page. Elon Musk told…
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Early Reviews Of Hyundai’s Ioniq 5 EV Are In And They’re Good
Hyundai’s new dedicated EV, the Ioniq 5, is trundling steadily along into production and the latest milestone has been reached. The motoring media in the UK and Korea have gotten their hands on the new electric vehicle. With reviews pouring in fast, we’ve taken a selection to get a general impression of how the Ioniq…
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LIVE BLOG: Tesla (TSLA) Q1 2021 earnings call summary
Tesla’s (NASDAQ:TSLA) first-quarter earnings call comes on the heels of an impressive quarter that saw the electric car maker post $10.389 billion in revenue and non-GAAP earnings per share of $0.93, beating Wall Street’s expectations. With these results, Tesla has now maintained its profitability for seven straight consecutive quarters. As revealed in the company’s Q1…
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Tesla reveals $101 million bitcoin profit following its massive cryptocurrency investment
Tesla is still holding more than $1.3 billion worth of the cryptocurrency. REUTERS/Mike Blake Tesla says it cashed out $272 million in bitcoin in the first quarter of 2021. The company made $101 million in profits from the sale, it said Monday. Tesla disclosed the sale as part of its first-quarter earnings, which showed continued…