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” Happy Bitcoin anniversary, Tesla — Elon Musk firm still hodls 9.7K BTC “ Bitcoin (BTC) held by Tesla is still worth 33% less than its 2021 purchase price, the latest data shows. Two years to the day that Elon Musk’s firm added BTC to its balance sheet, most gains continue to evade the auto…
Elon Musk and Tesla Beat Investor Lawsuit Over “Funding Secured” Tweets Elon Musk and Tesla are not on the hook for losses investors suffered when he posted messages on Twitter in 2018 indicating that he had secured the funding to take Tesla private, a jury found Friday. The trial in San Francisco federal court stemmed…
” Tesla records $140M Bitcoin net loss in 2022 “ According to a filing with the United States Securities and Exchange Commission on Jan. 31, electric vehicle manufacturer Tesla disclosed that it had recorded a $204-million gross impairment loss during 2022 on its Bitcoin (BTC) holdings. Simultaneously, Tesla recorded a gain of $64 million from…
” Elon Musk’s Tesla held onto its Bitcoin in Q4 despite market turbulence “ Electric vehicle manufacturer Tesla refused to offload any more Bitcoin (BTC) during the latter half of 2022 despite selling off 75% of its holdings in the second quarter. In its latest Q4 results report on Jan. 25, Tesla’s financials show it…
“Elon Musk’s bid to move Tesla tweet trial to Texas denied” A federal judge on Friday rejected Tesla CEO Elon Musk’s bid to move or delay a trial over a misleading tweet about a potential buyout of the electric automaker, setting the stage for the mercurial billionaire to be thrust into a legal drama amid…
“Elon Musk ‘earns’ Guinness World Record for ‘largest loss of personal fortune in history’” Billionaire Elon Musk has earned an unfortunate world record after suffering through an unprecedented wealth wipeout in recent months. Musk, who once ranked as the world’s richest person, shattered the mark for “the largest loss of personal fortune in history,” the…
“Feds probing Elon Musk tweet about Tesla driver monitoring” A tweet from Elon Musk indicating that Tesla might allow some owners who are testing a “Full Self-Driving” system to disable an alert that reminds them to keep their hands on the steering wheel has drawn attention from US safety regulators. The National Highway Traffic Safety…
“Tesla owners in China protest against surprise price cuts” Hundreds of Tesla owners gathered at the automaker’s showrooms and distribution centers in China over the weekend, demanding rebates and credit after sudden price cuts they said meant they had overpaid for electric cars they bought earlier. On Saturday, about 200 recent buyers of the Tesla Model Y and Model 3 gathered at a Tesla delivery center in…
“Elon Musk wants to move shareholder’s lawsuit from San Francisco to Texas” Elon Musk claims he can’t get a fair trial in San Francisco and wants the trial for a shareholder’s lawsuit over a series of 2018 tweets moved out of the Bay Area, according to a report. The Tesla mogul wants the lawsuit —…
“Tesla vehicles 40% cheaper in China than US after major price cuts” Tesla has slashed prices on some vehicles in China by more than 40% compared to their sticker price in the US as Elon Musk’s struggling electric automaker responds to dwindling demand in the region. After a fresh round of discounts unveiled this week,…