U.S. futures are giving up earlier gains, dragged down by tech stocks. Read More
Tag: Tesla
This isn’t the $50,000 Bitcoin we predicted
The crucial price threshold is the fulfillment of many bullish projections. But were we right for the wrong reasons? Read More
Ford to go all-electric by 2030 in EV-loving Europe
On Wednesday, the carmaker announced it will invest $1 billion in a German assembly plant that will start making an all-electric model in two years. Read More
Bitcoin’s price rises to $50,000 as mainstream institutions hop on
Enlarge (credit: Karen Bleier/AFP/Getty Images) The price of one bitcoin briefly rose above $50,000 on Tuesday morning to set a new record. By noon Eastern Time, the price had fallen to around $48,500. Bitcoin’s price is now far above the previous peak of $19,500 reached in December 2017. Bitcoin’s value has risen by almost 70 […]
Tesla buys $1.5 billion in bitcoin, sending its price soaring
Enlarge (credit: Aurich Lawson / Liesa Johannssen-Koppitz/Bloomberg via Getty Images) The price of bitcoin rose to a new record above $43,000 on Monday after Tesla reported that it had purchased $1.5 billion of the world’s most valuable cryptocurrency. In a regulatory filing, Tesla also announced that it expected to “begin accepting bitcoin as a form […]
Apple’s car project could put it on a collision course with Tesla
Enlarge / We don’t know what the Apple Car will look like, so here’s a picture of some apples and a car. (credit: Sergei Malgavko / Getty) Rumors are continuing to trickle in about Apple’s long-expected car project. On Wednesday, CNBC reported that Apple is close to finalizing a deal for an Apple Car to be […]
Why the GameStop YOLO trade has me bullish
For all the angst and bickering brought about by the market moves of the past week—longs vs. shorts! hedge funds vs. retail investors! Robinhood vs….Congress!?—I am left with one overwhelming feeling: bullish. After all, consider what made the GameStop short squeeze possible in the first place. Namely, so many individuals had so much money in […]
Tesla bows to pressure from NHTSA, issues recall for Models S and X
Enlarge / 135,000 Teslas will brick their infotainment screens within 3 or 4 years due to a design defect. NHTSA has persuaded the automaker to fix the problem through a voluntary recall. (credit: Getty Images/Jonathan Gitlin) It’s official: Tesla has to recall almost 135,000 Models S and X electric vehicles due to a design defect […]
The Reddit brigade finds a new target in silver, and that sets off an unlikely rally
This is the web version of the Bull Sheet, Fortune’s no-BS daily newsletter on the markets. Sign up to receive it in your inbox here. Good morning. Let’s spin the roulette wheel, and see what the Reddit brigade is targeting today… Yep, it’s silver. You may have seen #Silversqueeze trending on Twitter this weekend. Well, this […]
Retail traders storm back, pushing GameStop futures above $400—while the rest of the market sinks
This is the web version of the Bull Sheet, Fortune’s no-BS daily newsletter on the markets. Sign up to receive it in your inbox here. Good morning, Bull Sheeters. It’s Friday. Let’s play a thought experiment: your we-the-people broker informs you: We’ve instituted a new rule: you cannot buy the hottest stocks on the market; you […]