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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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The price reductions became necessitated when Tesla recorded a very low delivery count in December last year, the lowest in more than 5 months.American multinational electric vehicle maker, Tesla Inc (NASDAQ: TSLA) has cut the price of its flagship Model 3 and Model Y cars in China. As reported by
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Even as Tesla had great results in production and deliveries in 2022, the company missed analysts’ expectations in its Q4 numbers.Many companies, including EV giant Tesla Inc (NASDAQ: TSLA), have released reports on their 2022 performance, showing remarkable feats and losses. The electric vehicle maker recently provided the details of its production
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Nobel Prize-winning economist Paul Krugman says Tesla may have more in common with bitcoin than you think. He explained that Tesla sales have depended in part on the perception that CEO Elon Musk “is a cool guy” while the price of bitcoin is “being sustained by a hard-core group of
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Growth stock Tesla has come under huge selling pressure correcting 72% year-to-date and giving a lead to Bitcoin. Some market analysts believe that the bear market in crypto is far from over and there’s more pain to come ahead.The world’s largest cryptocurrency Bitcoin (BTC) has witnessed one of the most
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Bitcoin may in line for worse losses in the new
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The Tesla stock has fallen 44% in December and more than 59% during the fourth quarter of this year.It seems that there’s no end to the free fall in the price of Tesla Inc (NASDAQ: TSLA) stock. On Tuesday, December 27, the TSLA stock ended another 11% in red with
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Concerns that Elon Musk might further dilute his Tesla holdings to fund the Twitter acquisition have put the TSLA stock under a free fall.Tesla Inc (NASDAQ: TSLA) stock continues to be under a free fall and tanked another 8% on Tuesday, December 20, ending the trading at $137.80. Since Elon
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In tandem with other market trends, TSLA is down by over 58% Year-to-Date as tech stocks received a beating across the board.Dear readers, the chilly winds of Winter are finally upon us and as the holiday season beckons, it is imperative to look forward to what the future holds. In
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In January 2021, Tesla made a $1.5 billion investment in Bitcoin. Bitcoin was worth more than $30,000 at the time. Tesla's carrying value on the nearly 42,000 coins retained was over $1.26 billion at the end of the first quarter of 2022, after a few gains and losses. Tesla, the
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