Cryptocurrency Analysis and News Portal
Should Elon Musk decide to proceed with launching a ChatGPT rival, he will be competing with more than just OpenAI but also with Google’s parent company Alphabet. Elon Musk, the Chief Executive Officer of American electric vehicle maker Tesla Inc (NASDAQ: TSLA) reportedly has his eyes on developing an alternative product
Read More
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 manufacturer.Tesla and Bitcoin: From $1.5 billion to $225 millionBitcoin and
Read More
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 converting BTC into fiat currency
Read More
During the fourth quarter, Tesla reported automotive revenue of about $21.3 billion and total revenues of about $24.31 billion.Tesla Inc (NASDAQ: TSLA) shares closed Thursday trading at $160.27, up 10.97 percent from the day’s opening price. Tesla shares spike has been attributed to record 2022 Q4 earnings results that beat
Read More
Even after the crypto market collapse and gloomy news that drowned the crypto environment, Tesla has been holding onto the crypto capital.While Tesla’s Bitcoin investments are still submerged, the company’s overall earnings and revenue have exceeded expectations. TSLA stock is surging today and has increased by thirteen percent over the
Read More
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 neither bought or sold any of its Bitcoin for
Read More
The value of its digital assets was $184 million, down from $218 million at the end of the third quarter due to impairment charges from a decline in bitcoin's price. At the end of the third quarter, the price of bitcoin was slightly under $20,000, while at the end of
Read More
The early impact of Tesla cutting prices on its products was that Chinese EV manufacturers also dropped the costs of their vehicles.Electric vehicle (EV) maker Tesla Inc (NASDAQ: TSLA) will deliver the slowest sales growth in 10 quarters during its earnings announcement on the 25th of January. The company has
Read More
Bitcoin (BTC) may be up 16% so far in 2023, but one stock it outperformed last year is now getting its revenge.Data from Cointelegraph Markets Pro and TradingView shows that for all its newfound strength, Bitcoin is still playing catch-up.Tesla up almost 25% from January lowTesla was in the headlines
Read More
This latest price cut by Tesla is becoming a trend and it represents almost the third time the firm will be slashing its car prices around the world.American multinational electric vehicle maker Tesla Inc (NASDAQ: TSLA) has slashed the prices of its vehicles in the United States, and other key
Read More