Tag Archives: Tesla

Just weeks after Tesla started accepting Bitcoin as currency for cars, Elon Musk revealed in a tweet that it will “suspend” the effort. According to the release (Tesla does not appear to have a functioning press office), the company is “concerned about rapidly increasing use of fossil fuels for Bitcoin mining and transactions.”  A study last year estimated bitcoin mining used 7.46 GW of electricity on average, and the same study puts the number right now at 16.71 GW. That would represent… Source link

(Bloomberg) — Tesla Inc. is about to lose one source of the regulatory-credit revenue that’s been crucial to its almost two-year run of consecutive quarterly profits. Stellantis NV, the automaker formed through the merger of PSA Group and Fiat Chrysler, announced Wednesday it is exiting a European emissions-credit agreement with Tesla. Complying with standards on its own will save the company about 300 million euros ($360 million), roughly two-thirds of which would have gone to Tesla, Chief… Source link

Bloomberg Copper Surges Toward $10,000 as Bulls Bet on Global Rebound (Bloomberg) — Copper’s stunning rally toward all-time highs above $10,000 is accelerating, with bulls swarming in to profit as stimulus measures, vaccine rollouts and climate pledges fuel a global recovery from the pandemic.Copper on Tuesday extended gains to the highest in a decade as global growth underpinned a rally in metals markets ranging from aluminum to iron ore. Commodities are advancing toward the highs of the… Source link

Bloomberg China’s $87 Billion Electric-Car Giant Hasn’t Sold a Vehicle Yet (Bloomberg) — China Evergrande New Energy Vehicle Group Ltd.’s expansive pop-up showroom sits at the heart of Shanghai’s National Exhibition and Convention Center. With nine models on display, it’s hard to miss. The electric car upstart has one of the biggest booths at China’s 2021 Auto Show, which starts Monday, opposite storied German automaker BMW AG. Yet its bold presence belies an uncomfortable truth… Source link

TipRanks 2 “Strong Buy” Stocks Around $10 With Triple-Digit Upside Potential The S&P 500 rose to another record high on Friday, and at least one strategist believes we’re at the start of a new bull market. Writing from LPL Financial, chief market strategist Ryan Detrick noted several market-historical points that indicate sustained gains are in the offing. Key among his points are the first quarter returns and the breadth of the current stock rally. On returns, Detrick highlights that… Source link

Bloomberg China’s Internet Stocks Face More Pain, Top Global Investors Say (Bloomberg) — After a historic antitrust crackdown on China’s biggest tech companies last week, investors are betting there is more pain ahead.GAM Investments, BNP Paribas Asset Management and JP Morgan Asset Management Inc. see more regulatory tightening in China’s clampdown on monopolistic practices, putting pressure on the country’s leading internet stocks over the next few months. The Hang Seng Tech Index,… Source link

Maybe it’s fitting because Tesla CEO Elon Musk has been the biggest cheerleader of Dogecoin (DOGE-USD), but after the cryptocurrency’s more than 6,000% surge so far in 2021, a $1,000 bet on Dogecoin to start the year would now be worth enough to buy a brand new Tesla Model Y. That’s right.  If you placed a $1,000 bet on the popular cryptocurrency, which was founded back in 2013 as a joke to lampoon the boom in the number of altcoins, you’d be sitting on more than $60,000 based on the 35 cents… Source link

Tesla shares (TSLA) are getting a nice pop on Monday following much better than expected first quarter delivery numbers, but the real upside to shares in the medium-term will be in part due to efforts out of the Biden administration to get people into electric cars.  Or so says Wedbush tech analyst Dan Ives, who lifted his rating on Monday to Outperform with a $1,000 price target. Ives’ bull case price target is $1,300, reflecting optimism on Biden’s EV ambitions.  “We are hearing from our… Source link

Benzinga Alibaba, Amazon, Palantir, Google, Takeda, Unity — What Cathie Wood’s Ark Bought And Sold On Thursday Cathie Wood’s Ark Investment Management sends out an email every night listing the stocks that were bought or sold by the firm’s ETFs that day. In recent months, the emails have known to cause certain stocks to see a spike in the after-hours session. Here’s a list of 39 stocks that the hedge fund bought and sold on Thursday. Trades For Ark Fintech Innovation ETF (NYSE: ARKF):… Source link

Tesla, Inc. (NASDAQ: TSLA) is expected to release first-quarter delivery numbers next week. The latest numbers will come as the company’s stock has seen a sell-off since February and a chip shortage has forced many automakers to trim production. Upbeat Expectations For Tesla: Although Tesla did not give a ballpark figure for 2021 deliveries, the ongoing sales momentum is likely to continue. The company is coming off a year in which it delivered a record 499,550 vehicles. First-quarter… Source link