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Elon Musk wants to make the Tesla Roadster hover
Tesla CEO Elon Musk says he wants the company’s Roadster to hover. According to the New York Post, he made the remark on an episode of Joe Rogan’s podcast, which was released on Thursday. Musk wants the Tesla Roadster to hoverMusk said he’s working on adding rocket technology to the Tesla Roadster so that it can hover over the ground “without, you know, killing people.” He also said he thought they could make the sports cover hover but not too high. He suggested a height of about 1 meter above the ground. “If you plummet, you blow out the suspension, but you’re not gonna die,” he said. Tesla h...
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Tesla could receive a bump from a new $7,000 tax credit
Proposed reforms for the federal incentive program for electric vehicles would grant Tesla access to more tax credits on its cars. According to Electrek, buyers of 400,000 more Tesla vehicles would receive a $7,000 tax credit if the reform is passed. History of the tax credit and TeslaThe government has had an incentive program for EV purchases dating back to the Bush era, although it was expanded during the Obama administration. The program provided $7,500 in tax credits to buyers of new EVs, including those from Tesla. However, it also included a cap of 200,000 vehicles in the U.S. from each...
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Bitcoin rally triggered by Tesla slows, but MicroStrategy still rising
Tesla drove another bitcoin rally by purchasing some of the cryptocurrency. The bitcoin rally has slowed now since Tesla’s purchase, although the price remains above $40,000. Tesla CEO Elon Musk appears to have gotten the idea to buy bitcoin from MicroStrategy Chairman and CEO Michael Saylor. Q4 2020 hedge fund letters, conferences and more Tesla drives bitcoin rally after buyingTesla's bitcoin purchase triggered a rally that saw the price approach $50,000 as many investors saw it as moving the cryptocurrency into the mainstream. On Monday, the bitcoin price jumped 20% after Tesla revealed in ...
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Tesla Will Prove To Be Bitcoin’s Great Experiment
Following today’s news (8 February 2021) that Tesla has purchased $1.5bn worth of bitcoin and will become the first major carmaker to accept the cryptocurrency as a form of payment. Q4 2020 hedge fund letters, conferences and more Tesla Now Accepts Bitcoin As A Form Of PaymentDanyaal Rashid, Head of Thematic Research at GlobalData, offers his view: “This is a massive move by Tesla. By accepting bitcoin as a form of payment, Tesla is unleashing the first major consumer experiment in not just bitcoin but cryptocurrency as whole. Tesla, being the fifth largest company in the world by market cap, ...
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Tesla Purchases $1.5 Billion In Bitcoin
Whitney Tilson’s email to investors discussing Doug Kass’s comments on the new that Tesla purchased $1.5 billion in bitcoin. Q4 2020 hedge fund letters, conferences and more Here’s Doug Kass’s take on this morning’s news (Tesla Buys $1.5 Billion in Bitcoin - The Wall Street Journal): Tesla Purchases $1.5 Billion In Bitcoin: Sorry, This Makes No Sense, Dan"While many on the Street have discussed the prospects of this move for Tesla, this morning's news formalizes the strategy of Musk and Tesla diving into the deep end of the pool of bitcoin and crypto. From a stock perspective, as we have seen ...
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Electric carmaker Tesla invests $1.5 bn in bitcoin
New York (AFP) - Tesla helped push bitcoin to an all-time high Monday after the carmaker announced a $1.5 billion investment in the digital money and plans to accept the cryptocurrency from customers buying its electric vehicles. The announcement comes on the heels of a cheeky social media embrace of bitcoin by iconoclastic Tesla CEO Elon Musk, and marks the latest step in the mainstreaming of the cryptocurrency Bitcoin's value has risen by about 50 percent this year, but skeptics say it is still highly volatile and regulators warn it is vulnerable to illicit use. Musk, an expert at disrupting...
AFP
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Electric carmaker Tesla invests $1.5 bn in bitcoin
New York (AFP) - Tesla has invested $1.5 billion in bitcoin and plans to soon accept the cryptocurrency from customers who purchase its electric cars, the company said Monday. The announcement from the automaker, in a US Securities and Exchange Commission (SEC) filing, is a sign of confidence in the cryptocurrency that regulators are concerned could be used for illegal transactions. "In January 2021, we updated our investment policy to provide us with more flexibility to further diversify and maximize returns on our cash," Tesla said in announcing the $1.5 billion investment. As a result "we m...
AFP
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General Motors To Go All-Electric By 2035
Whitney Tilson’s email to investors dicussing Mark Spiegel’s January letter on Tesla; General Motors is counting on your loving electric cars, announces plans to go all-electric by 2035; a friend’s take; Piper Sandler report; bull-bear debates. Q4 2020 hedge fund letters, conferences and more Spiegel Jan Letter1) Attached is Mark Spiegel’s January letter, which his usual bearish take on TSLA. General Motors Is Counting on Your Loving Electric Cars2) An op ed in yesterday’s NYT: General Motors Is Counting on Your Loving Electric Cars. Excerpt: General Motors’ announcement last week that it will...
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Tesla agrees to recall almost 135,000 vehicles for touchscreen defect
Tesla has recalled 134,951 vehicles in the U.S. for touchscreen failures after pressure from the National Highway Traffic Safety Administration. The agency sent a letter to the automaker last month. Regulators found that Model S sedans produced between 2012 and 2018 and Model X crossovers produced between 2016 and 2018 had touchscreen issues that posed a safety concern. Q4 2020 hedge fund letters, conferences and more Details on Tesla's touchscreen recallThe NHTSA asked Tesla to recall the vehicles due to the touchscreen problems. Regulators said when the touchscreen in the affected vehicles f...
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Tesla And GameStop: Pass The Dutchie?
This generation rules the nation – Musical Youth, “Pass the Dutchie” Q4 2020 hedge fund letters, conferences and more We have enjoyed watching what happens in the late stage of a financial euphoria episode play out in the escapades of millennial investors on Reddit, who seem to “rule the nation.” While politicians, regulators, the media and others try to sort this out, we thought some historical perspective might be helpful. How do Tesla (TSLA) and GameStop (GME) compare from a fundamental analysis standpoint and what do these circumstances tell us historically? I say, pass the Dutchie pon the...
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