Cryptocurrency Analysis and News Portal
Bitcoin has maintained a higher market capitalization than electric vehicle powerhouse Tesla, despite about 50% below its all-time high. Bitcoin is currently valued at $669.75 billion, significantly higher when compared to Tesla’s market cap of $630.83 billion. This is noteworthy given that Bitcoin is trading around $34,500, far from its historic
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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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“This is why bitcoin’s potential significant upside risk has a short expiration date: it could print another leg up in the next couple of days and then enter a correction phase, or it could stay at the current level until next week’s FOMC and then start to pull back,” continued
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Tesla continues to hold on to its BTC holding having last sold about 75% of it in the second quarter of 2022. It has now been five consecutive quarters that electric vehicle maker Tesla Inc (NASDAQ: TSLA) has left its sizable Bitcoin (BTC) holdings untouched. That is despite recently spending greatly
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Tesla did not buy or sell any BTC in the three months to September, leaving its coin stash unchanged at 9,720 BTC. Source
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Tesla sales in China fell in September according to an unofficial report from the China Passenger Car Association. Tesla Inc (NASDAQ: TSLA) stock fell nearly 2% on Monday morning after news that the company’s sales crashed in China. According to a China Passenger Car Association (CPCA) report, sales for the giant
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Tesla has cut prices after it announced a slowdown in deliveries. The company said the decline was caused by factory upgrades. Tesla Inc (NASDAQ: TSLA) has reduced US prices of its Model Y and Model 3 cars following third-quarter delivery figures that did not meet expectations. According to the company’s website, the starting
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According to Bloomberg Intelligence analyst Jamie Coutts, Bitcoin has now passed the renewable energy milestone. This suggests that Tesla could resume accepting Bitcoin as payment, as cited in a 2021 tweet. The backstory on pulling the plug Elon Musk, a known supporter of cryptocurrencies including Bitcoin, has been viewed by many as being
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In response to Erdogan’s proposition, Musk conveyed his enthusiasm for the Turkish market. Turkish President Recep Tayyip Erdogan has extended an invitation to Elon Musk, the CEO of Tesla and SpaceX, urging him to consider establishing Tesla’s next factory in Turkey. The enticing offer was made during their meeting in
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Tesla is likely to decide on a breakthrough method of die casting multiple sections of its EVs to reduce cost and improve production. Tesla Inc (NASDAQ: TSLA) has reportedly figured out a technological breakthrough that will transform the process of making electric vehicles. Fine-tuning the process will help Tesla cut production
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