Investor’s Corner – Sidevalve EV News

Tesla’s most-sustainable cryptocurrency options aren’t plentiful but they are ideal

May 13, 2021 Joey Klender Syndicated Comments Off

Tesla’s options for a sustainable cryptocurrency to utilize for investments and transactions for its products are not available in plentiful numbers, but they are ideal to fit the automaker’s needs, environmental requirements, and company image. Yesterday, CEO Elon Musk announced that Tesla would be eliminating the ability to purchase vehicles with Bitcoin after citing environmental […]

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Elon Musk: Tesla is suspending Bitcoin payment options until it’s more sustainable

May 12, 2021 Joey Klender Syndicated Comments Off

Tesla CEO Elon Musk announced on Twitter that Tesla would be suspending the option to pay for vehicles using Bitcoin, as “We are concerned about rapidly increasing use of fossil fuels for Bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel.” Tesla invested $1.5 billion into Bitcoin in December, according […]

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Tesla China’s average April not something to ‘get hung up on’: Piper Sandler

May 12, 2021 Joey Klender Syndicated Comments Off

Tesla China’s average sales figures in April are not something to “get hung up on,” according to the analysts at Wall Street firm Piper Sandler. Tesla’s performance in sales in April in China wasn’t typical for the electric automaker, as figures from the Chinese Passenger Car Association showed that Tesla had successfully sold 25,845 units […]

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Tesla drives Panasonic’s profit forecast up 30%, supplier to test 4680 line in 2021

May 10, 2021 Joey Klender Syndicated Comments Off

Tesla’s demand for automotive batteries has driven supplier Panasonic’s profitability forecast up 30% this year as the Japanese company looks to rebound from lockdowns and lackluster demand in 2020 caused by the coronavirus. Additionally, Panasonic executives revealed that the battery manufacturer would set up a test line in Japan for Tesla’s 4680 battery cells, a […]

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Tesla’s market share in a critical area is set for a huge boost: analyst

May 6, 2021 Joey Klender Syndicated Comments Off

Tesla’s market share as a manufacturer is set for a huge boost in Europe, according to Matthias Schmidt of the European Electric Car Report. After having a steady decline in Europe since 2019 due to the emergence of other automakers introducing electric models, Tesla is expected to rebound nicely and retake its dominance in the […]

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Tesla’s rumored sale of regulatory credits to VW to last ‘two to three years’

May 6, 2021 Joey Klender Syndicated Comments Off

Tesla’s rumored sale of its regulatory credits to Volkswagen to help the German automaker reach emissions targets is likely to last “two to three years,” according to VW Auto Group CEO Herbert Diess. The sale of credits will help Volkswagen align with regional emissions targets that could affect the company’s ability to conduct business in […]

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GM reports strong Q1 Earnings, prepares to navigate semiconductor shortage

May 5, 2021 Joey Klender Syndicated Comments Off

General Motors (NYSE: GM) reported its Q1 2021 Earnings on Wednesday morning, showing a well-performing financial spreadsheet that was supported by the automaker’s ability to beat Wall Street’s expectations. GM is working on expanding its fleet of all-electric vehicles and has several models planned for release in the coming years, but it will first have […]

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Lucid Motors adds former Waymo Treasurer as CFO as company prepares to go public

May 5, 2021 Joey Klender Syndicated Comments Off

Lucid Motors has announced that it has appointed former Waymo Treasurer and Head of Investor Relations Sherry House as its Chief Financial Officer ahead of the automaker’s decision to become a publicly-traded company. Along with the addition of House to the Lucid executive team, the company has added several other new executives who will contribute […]

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Elon Musk closes in on $11B options payout amid Tesla’s 7th consecutive profitable quarter

April 27, 2021 Simon Alvarez Syndicated Comments Off

Tesla’s first quarter of 2021 would be one for the books, with the company beating Wall Street’s expectations for Q1 revenue and profit, boosted by record deliveries, some robust demand for its locally-produced vehicles in China, and some healthy environmental credit sales. Thanks to these blockbuster numbers, Tesla has now sustained its profitability for seven […]

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LIVE BLOG: Tesla (TSLA) Q1 2021 earnings call summary

April 26, 2021 Simon Alvarez Syndicated Comments Off

Tesla’s (NASDAQ:TSLA) first-quarter earnings call comes on the heels of an impressive quarter that saw the electric car maker post $10.389 billion in revenue and non-GAAP earnings per share of $0.93, beating Wall Street’s expectations. With these results, Tesla has now maintained its profitability for seven straight consecutive quarters. As revealed in the company’s Q1 […]

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