Tag: over
-
[Funding alert] Tekion raises $250M as valuation rises to $3.5B
Tekion, a SaaS unicorn focused on the automotive sector founded by former Tesla CIO, has raised $250 million in Series D round with its valuation more than trebling to $3.5 billion. Tekion, which is headquartered in Silicon Valley, US, has offices in Bengaluru and Chennai. It was founded by Jay Vijayan in 2016, and attained…
-
Tesla Urged Chinese Government To Censor Critics In China
Outside of the company’s unwavering fanboys, it’s fairly clear to most folks that the honeymoon phase of the planet’s relationship with Tesla is coming to a close. Whether it’s regulatory scrutiny of the company’s premature and often inaccurate self-driving claims, the loss of significant emissions credits in the US and Europe, frustration at the often…
-
Maruti shares may double in 3 years
Mumbai: Will the wheels of fortune finally turn at Maruti? An effortless cruiser until 2018, Maruti seems to have taken a prolonged breather since. But a raft of brand new models could end the pause — and vault the stock back into the country’s top-ten leader-board of most valued companies. Analysts expect Maruti to double…
-
The Housing Market Is ABOUT TO BOTTOM
Reports are now showing that the housing market is the craziest its been since 2006, pending home sales are declining – and now – the housing market could soon hit bottom as fewer homes are listed on the market for sale, at even higher asking prices – here’s what this means for you – enjoy!…
-
Bitcoin’s easing volatility sends bullish signal for some
A lull in Bitcoin’s wild swings in recent days was shot by some as a symbolic indication the fragile digital currency could recover.The world’s largest cryptocurrency was little changed at $36,425 as of 6:45 a.m. in New York on Tuesday, after two straight sessions of gains.Swings in the price as measured by the spread between…
-
What’s the endgame of all the speculation & hoarding in Bitcoin
LONDON: Bitcoin’s wild ride this week is far from unusual for the largest crypto token – but the rollercoaster is also its inherent contradiction. Speculators betting for years on bitcoin becoming a stateless digital currency that’s widely used for online retail and payments are largely responsible for its parabolic price rises. But they also seed…
-
Elon Musk Has Poker Community on Tilt Over Bitcoin Comments
Elon Musk surely isn’t making friends within the poker community lately. The multibillionaire product architect of Tesla Inc. caused Bitcoin, a type of cryptocurrency that is popular among investment-savvy poker gamers, to plummet with only a couple of tweets. Can Elon Musk cause harm to Bitcoin? (Image: The Indian Express) With a net worth of…
-
GMC Hummer EV Pickup Nearly Wheelies During Hard Launch
After more than a decade of being discontinued, GMC has restored that the Hummer as an all-electric SUV. It met with the overwhelming response, using the automaker stating that it had sold out the entire first season ’s production within 10 minutes of opening bookings. The Hummer EV Edition 1 can probably go on sale…
-
Risk of Tesla shares is not owning them: Morgan Stanley
From Esha Dey and Joe EastonTesla Inc. can disproportionately benefit from the U.S. infrastructure bundle, and investors in the automobile sector risk losing out if they don’t possess the stock, Morgan Stanley said.The Biden administration suggests allocating $174 billion to build up the nation ’s electric-vehicle ecosystem, which might improve Tesla’s advantage over legacy car…
-
Saurabh Mukherjea on how to play recovery
Our preferred way to play the cyclical upswing is high quality financial services, auto and auto ancillaries and increasingly the speciality chemicals plays which are in the global cycle rather than local economic recovery, says Saurabh Mukherjea, Founder, Marcellus Investment Managers. We have had a great ride and a great post Budget rally but since…