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As a result of all the challenges faced by Tesla, its long-time partner Panasonic is also bearing losses. It has lowered its full-year operating profit forecast for its battery unit to ¥115 billion ($771 million) from ¥135 billion, as the demand for Tesla EVs in North America slowed down. Shares of Tesla
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Twice a week, Bankman-Fried has access to an internet-enabled laptop. Defense attorneys had previously raised issues about the battery life and weak internet connection, but Tuesday's letter said the defense team had provided a new battery that "has approximately 8 hours battery life," and the internet speed over the course
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EV maker Tesla has applied with the state of Texas regarding the expansion of its Austin-based gigafactory to accommodate more operations. Tesla (NASDAQ: TSLA) plans to spend more than $770 million on the expansion of its factory in Austin, Texas. January filings with the Texas Department of Licensing and Registration disclose
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Ether reached new highs, more people than ever are “long bitcoin” and a debate over bitcoin’s energy consumption is raging. Top shelfOut of the ether?Ether (ETH), the native cryptocurrency of the Ethereum blockchain network, hit a fresh high of $1,439.33, up $19 from a previous record level of $1,420 in 2018.
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Tesla’s new structural battery design will debut in Berlin in the coming year.Tesla Inc (NASDAQ: TSLA) head honcho Elon Musk said on Twitter that the firm is presently working on new, more efficient EV batteries that are intended to be first used at its upcoming Gigafactory assembly plant located near
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Tesla’s stock has dropped by over 10% since Battery Day.There remains one more quarterly report before the year ends.Democrats could provide the catalyst that Tesla investors need.The hype surrounding the Tesla Battery Day event did not live up to expectations. There was no million-mile battery as had been speculated. Additionally,
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Analysts at Deutsche Bank and Credit Suisse have raised Tesla’s target price in anticipation of Battery Day.Elon Musk has not missed a single opportunity to pump expectations about the event.Tesla bulls are brimming with excitement, but it could all end in tears if they haven’t learned from the past.Tesla’s stock
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