Thursday, December 9

Tag: Tesla Inc

Tesla vehicles can now be bought using bitcoin, Musk says
Tech

Tesla vehicles can now be bought using bitcoin, Musk says

Tesla Inc chief Elon Musk said on Wednesday that a Tesla vehicle can now be bought using bitcoin and the option will be available outside the United States later this year. “You can now buy a Tesla with bitcoin,” he tweeted on Wednesday. “Bitcoin paid to Tesla will be retained as Bitcoin, not converted to fiat currency.” Last month, Tesla revealed it had purchased $1.5 billion of bitcoin and would soon accept it as a form of payment for cars, sending the price of the world’s most popular cryptocurrency soaring. Musk, who has been promoting cryptocurrencies through his Twitter account, had last month criticized conventional cash, saying when it “has negative real interest, only a fool wouldn’t look elsewhere.” He had said that the difference with cash made it “adventurous en...
Elon Musk Is Now The Richest Person In The World
Business

Elon Musk Is Now The Richest Person In The World

Elon Musk, the outspoken entrepreneur behind Tesla Inc. and SpaceX, is now the richest person on the planet. A 4.8% rally in the electric carmaker’s share price Thursday boosted Musk past Amazon.com Inc. founder Jeff Bezos on the Bloomberg Billionaires Index, a ranking of the world’s 500 wealthiest people. The South Africa-born engineer’s net worth was $188.5 billion at 10:15 a.m. in New York, $1.5 billion more than Bezos, who has held the top spot since October 2017. As chief executive officer of Space Exploration Technologies Corp., or SpaceX, Musk is also a rival to Bezos, owner of Blue Origin LLC, in the private space race. The milestone caps an extraordinary 12 months for Musk. Over the past year his net worth soared by more than $150 billion in possibly the fastest bout ...
Trump Wants California To Let Automaker Tesla Reopen Assembly Plant
News

Trump Wants California To Let Automaker Tesla Reopen Assembly Plant

U.S. President Donald Trump on Tuesday urged California to allow Tesla Inc (TSLA.O) to reopen its electric vehicle assembly plan. “California should let Tesla & @elonmusk open the plant, NOW. It can be done Fast & Safely!” Trump wrote on Twitter. On Monday, Tesla Chief Executive Elon Musk said production was resuming at the automaker’s sole U.S. vehicle factory, defying an order to stay closed and saying if anyone had to be arrested it should be him. Tesla did not immediately comment on Trump’s tweet. Trump is eager for the U.S. economy to reopen and for Americans to return to work. He has sparred with California for years over a series of issues, including immigration, vehicle fuel efficiency standards, funding for high-speed rail and numerous environmental issues....
Pretty Soon Electric Cars Will Cost Less Than Gasoline Driven Ones
News

Pretty Soon Electric Cars Will Cost Less Than Gasoline Driven Ones

Battery powered cars will soon be cheaper to buy than conventional gasoline ones, offering immediate savings to drivers, new research shows. Automakers from Renault SA to Tesla Inc. have long touted the cheaper fuel and running costs of electric cars that helps to displace the higher upfront prices that drivers pay when they buy the zero-emission vehicles. Merkel Signals Shift in U.S.-Europe Relations Swissquote Says Draghi Has to Be Dovish Today Bloomberg New Energy Finance sees electric cars becoming cheaper than conventional vehicles by 2030. Markets: Canada." (Source: Bloomberg) Now research from Bloomberg New Energy Finance indicates that falling battery costs will mean electric vehicles will also be cheaper to buy in the U.S. and Europe as soon as 2025. Batteries currentl...

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