U.S. futures are gaining again this morning, but stocks are likely to finish the week in the red. Read More
Tag: Tesla
Tesla owner who “drives” from back seat got arrested, then did it again
Enlarge / Interior of a Tesla Model 3. (credit: Tesla) The California Highway Patrol said it arrested a man seen riding in the back seat of a Tesla Model 3 that had no one in the driver’s seat. Param Sharma, 25, was arrested “and booked into Santa Rita Jail” on counts of reckless driving and […]
Musk: Bitcoin is bad for climate (and you can’t buy Teslas with it anymore)
Enlarge / Elon Musk in 2020. (credit: BRENDAN SMIALOWSKI / Getty) Tesla CEO Elon Musk announced on Wednesday that Tesla would stop taking bitcoin as payment for the company’s electric vehicles. The change comes less than two months after the automaker began accepting the cryptocurrency. Why the about-face? Musk now says he has concerns over bitcoin’s […]
Investors dump stocks, gold and crypto as suddenly everything looks expensive
The question remains: can we call this too a “transitory” move? Read More
Markets on edge ahead of today’s big inflation report
U.S. futures are sagging ahead of the consumer inflation data reading, due out before the bell. Read More
Fatal Tesla Model S crash unlikely to involve Autopilot, according to NTSB
Enlarge (credit: Andrei Stanescu / Getty Images) On Monday afternoon, the National Transportation Safety Board released a preliminary report for its investigation into a crash of a Tesla Model S that killed the driver and passenger in Texas earlier in April. The crash made headlines because no one was found in the driver’s seat, raising […]
Tesla loses huge customer for emissions credits in Europe and the US
Enlarge (credit: Getty / Aurich) In 2020, the European Union introduced strict new rules requiring automakers to average no more than 95 g of CO2 per kilometer, with heavy financial penalties for companies that missed this target. With diesel no longer a palatable option, some automakers pivoted to electric vehicles, and European EV sales skyrocketed […]
Google’s Alphabet to spend $50 billion on shares as the great buyback barrage takes off
U.S. futures are flat ahead of Fed Chief Jerome Powell’s press conference later today. Read More
Tesla posts another record quarterly profit—and Wall Street shrugs
Enlarge (credit: Aurich Lawson / Duncan Hull / Getty) A few years ago, Tesla was still a scrappy startup that sometimes teetered on the edge of bankruptcy. Those days are over. The world’s most valuable company now has $17 billion in cash in the bank and is currently building its third and fourth car factories—near […]
Investors ding Tesla after disappointing results—not even its bitcoin stake can save it
Tesla got a lift from the sale of its bitcoin stake, but investors remain unimpressed. Read More