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” Tesla reports $64M profit from Bitcoin sale “ Tesla’s decision to offload most of its Bitcoin (BTC) treasuries netted the company a hefty profit in the second quarter, even as crypto prices plunged into a bear market. In the first six months of 2022, Tesla recorded $170 million of impairment losses “resulting from changes…
“Elon Musk hit with new subpoena over 2018 tweet” Tesla has increased its capital spending plan by $1 billion, the electric automaker said in a regulatory filing on Monday that also disclosed a second subpoena related to Chief Executive Elon Musk’s go-private tweets in 2018. The company now expects to spend between $6 billion and $8…
“Elon Musk begged Google’s Sergey Brin for forgiveness over alleged affair with wife” Elon Musk got down on one knee and begged Google co-founder Sergey Brin for forgiveness after Musk had an affair with Brin’s wife at a swank art festival in Miami Beach last year, according to a report Sunday. The world’s richest man…
” Experts reveal what Tesla’s $936M sell-off means for Bitcoin “ Crypto industry experts are largely unfazed by Tesla’s decision to sell 75% of its Bitcoin (BTC) holdings, saying it’s a fairly typical strategy for companies to improve cash flow during economic slowdowns. On Wednesday, the electric vehicle manufacturer revealed that it had sold 75%…
“Elon Musk’s Tesla says it has sold 75% of its bitcoin holdings” Tesla sold off three-quarters of its bitcoin holdings, the Elon Musk-helmed automaker said Wednesday. The sales took place during April through June of 2022, according to the company’s earnings report on Wednesday. “As of the end of Q2, we have converted approximately 75%…
“Tesla’s profits rise despite disappointing revenue, factory shutdown” Tesla on Wednesday reported a rise in quarterly profit, as a string of price increases on its best-selling vehicles helped offset production challenges, sending its shares up 4% in extended trading. “With each of the Fremont and Shanghai factories achieving their highest-ever production months and new factory…
” Dogecoin misses bullish target after Elon Musk snubs Twitter — what’s next for DOGE price? “ Dogecoin (DOGE) has missed a much-anticipated technical upside target and is down nearly 10% over the past week amid an ongoing spat between Elon Musk and Twitter. Musk hurts DOGE price To recap: Musk, whose companies Tesla, SpaceX,…
“Elon Musk laughs off Twitter lawsuit with memes” Billionaire Elon Musk appears to be laughing off the reality of a lengthy, expansive legal battle with Twitter after nixing his $44 billion takeover agreement with the company. Musk used the platform he is no longer interested in buying to mock Twitter’s leadership on Sunday. The Tesla…
“Elon Musk to ‘significantly’ boost Tesla childcare benefits” Elon Musk said Friday he planned to “significantly” increase childcare benefits at his companies, including Tesla, and that the details would be likely announced next month. “Kids are worth it if at all possible. I’m planning to increase childcare benefits at my companies significantly,” Musk — who recently became a…
“Tesla quietly launched a new trailer with solar panels (and Starlink) to boost your EV’s overall range” It isn’t quite like Tesla to do anything without fanfare, yet at the IdeenExpo in Hannover Germany, the EV giant unveiled a prototype of yet another product they’re working on – a trailer that attaches to the back…