Musk Says Robotaxi and Autonomous Vehicles are Tesla’s Future
Tesla Inc. announced its first quarter earnings for 2024, with the company losing its position as the world’s top EV manufacturer to the Chinese giant BYD in the number of units shipped. The CEO of Tesla, Elon Musk, touted the company’s artificial intelligence plans for autonomous vehicles. Well, he never forgets his chatbot Grok, as […]
Tesla Set to Unveil Revolutionary Robotaxi: A Game-Changer in Transportation
The company that produces electric vehicles (EVs) and other products such as AI, Tesla happens to be the forefront runner. On the 8th of August 2024, Tesla will reveal the long-awaited Robotaxi, which has become a very popular topic. The unveiling being given is, consequently, the peak of 10-year progress on self-driving, this is based […]
Elon Musk reveals that Tesla will soon start accepting DOGE
The CEO of Tesla, Elon Musk, has dropped another bombshell that’s got both the crypto and automotive industries excited. He hinted that the day isn’t far when you could buy your shiny new Tesla with Dogecoin (DOGE), a meme coin that started as a joke but is now laughing all the way to the bank. […]
Tesla sells 70% of Bitcoin holdings, misses out on over $300M in profits
Tesla, the electric vehicle manufacturer led by CEO Elon Musk, has liquidated a significant portion of its Bitcoin holdings, resulting in a missed opportunity of over $300 million in profits. Despite this, the company exhibits caution in letting go of its remaining Bitcoin holdings. Tesla’s Bitcoin Investment Journey In February 2021, Tesla made headlines by […]
Tesla maintains Bitcoin holdings amid market volatility
In its latest earnings report, Tesla, the leading electric vehicle manufacturer, has revealed no changes in its Bitcoin holdings, maintaining a portfolio of 9,720 Bitcoin valued at over $389 million. This decision comes despite the ongoing fluctuations in the cryptocurrency market, indicating Tesla’s steady approach to its investment strategy in digital assets. Steady hold amid […]
Tech titans set to rescue the global market from the 2024 slump
As industries grapple with global uncertainties and shifting paradigms, tech shows emerge as pivotal catalysts in steering the market out of a tough start. A surge in some of the world’s greatest tech companies fuelled a stock rebound, with traders also looking to the latest economic data and Fedspeak for hints on the US central […]
Tesla’s Future in AI Hangs in the Balance as Musk Pushes for Control
Elon Musk, the CEO of Tesla (NASDAQ: TSLA), has raised eyebrows with his recent social media statements concerning the automaker’s involvement in artificial intelligence (AI) and robotics. In a series of posts on X, formerly known as Twitter, Musk expressed his discomfort with expanding Tesla’s role in these fields without securing a minimum of 25% […]
Elon Musk’s Strategic Power Play – Seeking Increased Influence in Tesla’s Future AI and Robotics
In a groundbreaking development within the corporate realm, Elon Musk, the mastermind behind Tesla and SpaceX, has unveiled his ambitious plan to elevate his voting control in Tesla to approximately 25%. Currently holding a 13% stake in the company, Musk’s strategic move isn’t merely a play for power but a calculated maneuver to shape Tesla’s […]
Tesla’s Quantum Leap with xAI’s Grok Powers Its Native AI Experience
In a groundbreaking stride toward revolutionizing the automotive landscape, xAI, guided by the visionary Elon Musk, revealed its audacious plan on Friday to seamlessly integrate a condensed iteration of the AI juggernaut, Grōk, into the very fabric of Tesla vehicles, enhancing their native AI capabilities. This revelation doesn’t merely signal a technological upgrade; it unlocks […]
Tesla maintains Bitcoin holdings amid mixed Q3 financials
Tesla, led by entrepreneur Elon Musk, revealed that it didn’t part ways with any of its $312 million worth of Bitcoin (BTC) in the third quarter of 2023. Moreover, the company’s pile of Bitcoin lost approximately $9 million in value compared to the second quarter of this year. The last significant move Tesla made with […]
Innovation in Ultralow-Field MRI: Deep Learning Transforms Brain Imaging at 0.055 Tesla
In a remarkable development, researchers have effectively utilized deep learning to expedite brain magnetic resonance imaging (MRI) at ultralow-field strengths of 0.055 Tesla (T). This achievement carries the potential to make MRI more widely available in healthcare settings across the globe, particularly in areas where high-field MRI scanners are in short supply. The recent publication […]
AI-Powered Tesla’s Optimus Robot Outpaces Competitors with Ten Key Advancements
In a stunning display of cutting-edge robotics, Tesla’s Optimus robot has taken the world by storm with its remarkable capabilities, leaving even industry stalwarts like Boston Dynamics’ Atlas in its technological rearview mirror. Leveraging the power of artificial intelligence, Tesla’s Optimus has demonstrated a unique prowess in tasks ranging from yoga poses to object manipulation. […]
How Much Value Can Dojo AI Supercomputer Add to Tesla’s Stock?
In a groundbreaking development, Morgan Stanley analysts, led by Adam Jonas, have unveiled a remarkable prediction regarding Tesla’s Dojo supercomputer. According to their analysis, the AI supercomputer could propel Tesla’s market value to unprecedented heights, potentially adding a staggering $777 billion to the company’s worth. This transformative projection underscores Dojo’s pivotal role in accelerating the […]
Tesla’s Stock Rises as Analyst Upgrades It on AI Potential
Tesla stock experienced a substantial increase, exceeding 6%, following a positive assessment from Morgan Stanley analyst Adam Jonas. In his recent research report titled “Unlocking Tesla’s AI Potential,” Jonas upgraded the electric vehicle (EV) manufacturer’s stock from “Equal Weight” to “Overweight” while raising the price target from $250 to $400. Tesla’s strategic focus on artificial […]
Tesla holds Bitcoin holdings in Q2 as earnings exceed expectations
In an earnings release on Wednesday after the market close, electric vehicle giant Tesla (TSLA) confirmed that there was no change in their Bitcoin holdings for the fourth consecutive quarter. The net value of the company’s digital assets remained steady at $184 million, irrespective of Bitcoin’s market fluctuations. The Bitcoin roller coaster ride Tesla, under […]
China’s global EV influence showcased during Elon Musk’s visit
As the sun set over Beijing, the corridors of power hummed with anticipation. Elon Musk, the audacious CEO of Tesla, was in town. His mission was to reinforce his commitment to the world’s most populous nation and its burgeoning electric vehicle (EV) market. Musk’s visit was more than just a series of high-profile meetings; it […]
Tesla’s AI-powered humanoid robots redefine the future of automation
Recently, Tesla company released new footage that showcases their cutting-edge robots. These advanced robots exhibit steady walking, adeptly pick up items, and effortlessly recognizing objects. The footage shows their capabilities as they seamlessly navigate their surroundings and demonstrate their specific object detection skills. Tesla’s latest robots represent a significant leap forward in robotics, highlighting the […]
What Concerns Does the Apple Co-Founder Have Over Tesla AI Technology’s Safety?
TL;DR Breakdown Apple co-founder Steve Wozniak’s recent criticism of Elon Musk and Tesla’s self-driving AI technology has generated significant attention and sparked a heated debate in the tech industry. In his remarks, Wozniak expressed disappointment in the delayed progress of self-driving cars and raised concerns about the potential dangers and misuse of Tesla’s AI technology. […]
How Tesla lost $140m on Bitcoin in 2022
Last year, Tesla took a massive financial hit after investing in Bitcoin and ultimately lost $140 million. In a SEC filing, Tesla revealed that it took an impairment charge of $204 million while gaining only $64 million from converting its Bitcoin holdings into fiat. It is essential to know that an impairment charge is a […]
Tesla reports Bitcoin impairment charge in Q4 2022
On Wednesday, Tesla disclosed in its latest earnings report that it had not purchased or sold any Bitcoin during the fourth quarter of 2022. The electric car manufacturer still reported $34 million worth of impairment charges due to their Bitcoin holdings dropping to $184 million—down from Q3’s impressive figure of $218 million. In accounting, an […]
What if MicroStrategy invested in ETH instead of BTC?
Regarding MicroStrategy crypto investments, the traditional and decentralized financial communities have a great deal of “what-if” questions. Michael Saylor, the inventor of MicroStrategy, is a Bitcoin advocate as is well-known. With over 130,000 BTC, the Business Intelligence company is now the largest institutional Bitcoin investor. Interestingly, the corporation has purchased BTC throughout both high and […]
In pictures: DOGE and Tesla’s Cyberwhistle
Tesla has teamed up with DOGE to announce the launch of a new Cyberwhistle on the company’s official platform. The product is presently out of stock now, and the company has not intimated plans to restock in the coming weeks. According to the company, the new products were inspired by Cybertruck and designed to have […]
Tesla holds Bitcoin worth $222M, SEC filing discloses
Tesla CEO Elon Musk has been one of the main reasons Bitcoin saw a tremendous value increase in recent years. But Musk’s love affair with Bitcoin didn’t continue as he announced his support for Dogecoin. The changes have affected Bitcoin investments because of its use. These changes have resulted from the mentioned company’s no more […]
Binance.US launches affiliate marketing program days after Coinbase closed its division
Binance has emerged as a White Walker in the space in the last few months, effortlessly surviving the crypto winter. The official Binance blog announced the launch of its affiliate marketing program. Binance.US, an American spinoff of cryptocurrency exchange giant Binance, is ecstatic over the debut of its affiliate sponsorship program. The launch comes on […]
Tesla sells 75% of its Bitcoin holdings
Tesla has remained one of the crypto-promoter companies as its CEO Elon Musk backed Bitcoin in recent years. His support for Bitcoin resulted in a huge rally that took this coin to record highs. Their love affair didn’t last long as Musk withdrew his support from BTC for various reasons and instead extended it to […]
Tesla holds $1.9 billion in Bitcoin
TL: DR Breakdown Tesla holds $1.9 billion worth of Bitcoin (BTC) The company however recorded Bitcoin losses totaling at $101 million According to new reports, Bitcoin is still part of Tesla’s crypto portfolio. Elon Musk’s electric vehicle and clean energy company, Tesla, is one of the biggest institutional investors. Having invested $1.5 billion in Bitcoin […]
