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

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 […]

The post Tesla’s most-sustainable cryptocurrency options aren’t plentiful but they are ideal appeared first on TESLARATI.

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

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 […]

The post Elon Musk: Tesla is suspending Bitcoin payment options until it’s more sustainable appeared first on TESLARATI.

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

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 […]

The post Tesla China’s average April not something to ‘get hung up on’: Piper Sandler appeared first on TESLARATI.

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

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 […]

The post Tesla drives Panasonic’s profit forecast up 30%, supplier to test 4680 line in 2021 appeared first on TESLARATI.

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

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 […]

The post Tesla’s market share in a critical area is set for a huge boost: analyst appeared first on TESLARATI.

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

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 […]

The post Tesla’s rumored sale of regulatory credits to VW to last ‘two to three years’ appeared first on TESLARATI.

GM reports strong Q1 Earnings, prepares to navigate semiconductor shortage

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 […]

The post GM reports strong Q1 Earnings, prepares to navigate semiconductor shortage appeared first on TESLARATI.

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

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 […]

The post Lucid Motors adds former Waymo Treasurer as CFO as company prepares to go public appeared first on TESLARATI.

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

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 […]

The post Elon Musk closes in on $11B options payout amid Tesla’s 7th consecutive profitable quarter appeared first on TESLARATI.

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

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 […]

The post LIVE BLOG: Tesla (TSLA) Q1 2021 earnings call summary appeared first on TESLARATI.