A naukri.com initiative
Tesla News
Bitcoinist
1M
27
Image Credit: Bitcoinist
Tesla Maintains $1.25 Billion In Bitcoin Holdings, Signaling Continued Confidence
- Tesla maintains about 11,900 BTC, worth roughly $1.257 billion, signaling continued confidence in Bitcoin.
- Tesla keeps its Bitcoin holdings with Coinbase Prime Custody, indicating comfort with holding large amounts of Bitcoin.
- Other firms like Strategy Inc. and a tech outfit trading under ticker 3350.T are also investing in Bitcoin at scale, with significant holdings.
- States like New Hampshire, Texas, and Arizona are showing interest in Bitcoin reserves, with legislative developments paving the way for increased adoption.
Read Full Article
1 Like
Teslarati
1M
160
Image Credit: Teslarati
‘Tesla tax’ could be no more in United Kingdom
- The controversial 'Tesla Tax' in the United Kingdom, imposed on cars above £40,000, may be abandoned due to its negative impact on EV sales.
- The tax, known as the Expensive Car Supplement (ECS), has been hindering EV sales and could lead to manufacturers missing green car sales targets.
- The UK is considering revising or eliminating the tax, with discussions on potentially increasing the threshold for zero-emission cars to promote easier electric car purchases.
- Concerns persist regarding EV adoption barriers like high costs, lack of incentives, and inadequate public charging infrastructure despite potential tax adjustments.
Read Full Article
9 Likes
Bitcoinist
1M
277
Image Credit: Bitcoinist
Kraken to Offer Tokenized Stock Trading for Non-US Users via Solana and Backed
- Crypto exchange Kraken is launching tokenized stock trading for non-US users in collaboration with Backed.
- The offering, named 'xStocks,' will include tokenized shares of major companies like Apple, Tesla, Meta, and Nvidia.
- Users across Europe, Latin America, Africa, and Asia will have access to trade tokenized stocks and ETFs 24/7 via Solana and DeFi protocols.
- Tokenized stock market innovation is seen as a significant opportunity in digital assets, enabling global financial inclusion and decentralized equity access.
Read Full Article
16 Likes
Insider
1M
218
Image Credit: Insider
People are buying up used Teslas as the average sale price dips
- Tesla's used electric vehicle (EV) sales increased by 27% in April, with the average sale price decreasing by 1.8%, indicating a growing share in the used-EV market.
- Analysts attribute Tesla's success in the used-car market to its EV dominance and aging lineup, with the Model Y driving new EV sales growth by over 3% in April.
- While some Tesla owners have expressed plans to sell over concerns related to vandalism or Elon Musk's politics, the company remains a key player in the overall EV market.
- Overall, Tesla's increase in used-car market share aligns with its historical market dominance, as the company's more affordable used models continue to attract buyers amidst pricing fluctuations.
Read Full Article
13 Likes
Discover more
TechCrunch
1M
159
Image Credit: TechCrunch
TechCrunch Mobility: Uber Freight’s AI bet, Tesla’s robotaxi caveat, and Nikola’s trucks hit the auction block
- The Memorial Day weekend is expected to be crowded on the roads, with 45.1 million people traveling at least 50 miles from home in the U.S.
- Luminar, a lidar startup, secured a deal with Yorkville Advisors Global to bring in $200 million through the sale of convertible preferred stock.
- SparkCharge raised $15.5 million in a Series A-1 round for its 'charging-as-a-service' for fleets, along with securing a $15 million venture loan.
- Nikola's hydrogen trucks worth about $114 million are up for auction as part of the company's asset unloading after filing for bankruptcy.
- Aurora has put human 'observers' in its self-driving trucks, prompting questions about their role as not being human safety operators.
- Uber plans to launch a B2B logistics service in India to compete with e-commerce giants like Flipkart.
- Uber Freight introduced AI features to shippers globally, including Insights AI and over 30 AI agents for logistics tasks.
- Tesla will limit its robotaxis in Austin to specific areas deemed safest, differing from Elon Musk's past claims of a general-purpose self-driving solution.
- Senate Republicans voted to overturn a waiver allowing California to set stricter air pollution standards for vehicles, received over 100 times in the past 50 years.
- Arc unveiled the Arc Coast, a $168,000 electric boat with a center console design, while Waymo expands its commercial robotaxi service area with approval from the CPUC.
Read Full Article
9 Likes
Teslarati
1M
191
Image Credit: Teslarati
Tesla set for ‘golden age of autonomous’ as Robotaxi nears, ‘dark chapter’ ends: Wedbush
- Tesla is poised for a 'golden age of autonomous growth' with the nearing launch of its Robotaxi platform, as per Wedbush analyst Dan Ives.
- Ives has raised Tesla's price target from $350 to $500, highlighting the shift towards autonomous technology and the end of a 'dark chapter' for the company.
- The launch of Robotaxi is expected to unlock significant value for Tesla, potentially leading to a $2 trillion valuation in the next 12 to 18 months.
- While concerns about demand in Europe and Asia persist, the focus remains on Tesla's entrance into autonomous ride-sharing services and the impact of Full Self-Driving technology on the company's financial model.
Read Full Article
11 Likes
Evannex
1M
118
Image Credit: Evannex
BYD Overtakes Tesla in Europe for the First Time
- Chinese automaker BYD outsold Tesla in Europe last month, registering 7,231 battery electric vehicles compared to Tesla's 7,165 units.
- BYD's rapid rise in Europe is attributed to the success of models like the low-cost Seagull hatchback and plans for new production facilities in Hungary and Turkey.
- Tesla faced a 49% drop in April sales in Europe, with factors such as Model Y redesign, postponed production, and shifting public opinion impacting their performance.
- Globally, BYD has surpassed Tesla in quarterly BEV sales, holding 15.4% of the market compared to Tesla's 12.6%, signaling a significant industry shift towards underdog EV brands.
Read Full Article
7 Likes
Teslarati
1M
109
Image Credit: Teslarati
SpaceX Starship gets FAA nod for ninth test flight
- SpaceX received FAA approval for the ninth test flight of the Starship rocket after addressing causes of mishap in the eighth flight.
- The eighth test flight involved successful liftoff of Starship and Super Heavy Booster, but the Starship broke up and reentered the atmosphere.
- FAA will verify that SpaceX implements corrective actions discovered during mishap investigation for Flight 9.
- Potential launch window for Flight 9 is Tuesday, May 27, at 6:30 p.m. local time, with FAA staying in contact with countries that could be impacted.
Read Full Article
6 Likes
TechJuice
1M
104
Image Credit: TechJuice
Tesla’s Robot Optimus Can Now Cook
- Tesla's robot, Optimus, showcased its cooking abilities in a recent video, attracting attention online.
- Videos of Tesla's Optimus demonstrate advancements in its household chore capabilities, including cooking, cleaning, and taking out the trash.
- The robot's learning approach involves a single neural network that learns tasks by analyzing videos of humans performing similar activities, enabling faster skill acquisition.
- Tesla plans to deploy Optimus in its factories by 2025 and potentially sell it to external customers by 2026, envisioning it as a universal assistant for various tasks.
Read Full Article
6 Likes
Insider
1M
287
Image Credit: Insider
There's been a rise in Tesla owners switching over to Cadillac EVs, exec says
- Cadillac's EVs have a conquest rate of about 75%, with 10% being former Tesla owners.
- The automaker is seeing a rise in Tesla owners switching to its Lyriq EV models.
- Cadillac's California registrations increased by 60% year over year, while Tesla faced declining registrations in multiple markets.
- Cadillac is making inroads into Tesla's customer base with its expanding EV lineup.
- The Lyriq model has a conquest rate of 80%, with 25% of buyers coming from Tesla.
- Cadillac has added three additional EV models to its portfolio in the past 6 months.
- In California, Cadillac registrations jumped 60% year over year, while Tesla saw a 15% decrease.
- Tesla's revenue fell short in the first quarter, prompting a decline in automotive revenue and impacting delivery numbers.
- Despite challenges, Tesla's used-car sales volume rose 27% month-over-month, securing a 47% share of the used EV market.
- Elon Musk stated that Tesla has strong sales numbers and no demand issues despite recent challenges.
Read Full Article
17 Likes
Teslarati
1M
305
Image Credit: Teslarati
Hyundai begins real-world testing of AI-powered EV charging robot
- Hyundai has started real-world testing of its AI-powered EV charging robot known as the ACR in partnership with Kia and Incheon International Airport.
- The pilot program aims to set the foundation for future robot use for EV charging, with Incheon known for having a large eco-friendly vehicle infrastructure.
- Hyundai is working with Kia's Robotics Lab to provide hardware and software solutions for the charging robot's early rollout.
- The initial testing phase will involve deploying the charging robot for a fleet of eco-friendly airport vehicles before expanding its use to provide range extension for EV owners while traveling.
Read Full Article
18 Likes
Macdailynews
1M
282
Image Credit: Macdailynews
Apple, Tesla, and Nvidia shares to trade as digital tokens on crypto exchange Kraken
- Kraken plans to offer non-U.S. customers the ability to trade tokenized versions of popular stocks like Apple, Tesla, and Nvidia on a digital ledger, aiming to simplify access to U.S. stocks for international investors.
- The rollout of these tokenized equities, named 'xStocks,' will begin in Europe, Latin America, Asia, and Africa in the coming weeks, allowing 24/7 trading, with Kraken's U.S. customers not included in this offering.
- The xStocks tokens on the Solana blockchain will be backed by shares of the underlying security and redeemable for the cash value of the securities, ensuring prices remain aligned with the corresponding stocks and ETFs.
- Kraken's tokenized stocks are expected to benefit international investors by providing a cheaper and easier route to access the U.S. stock market, reducing fees and settlement times, with possibilities for trading on other crypto exchanges in the future.
Read Full Article
17 Likes
Teslarati
1M
255
Image Credit: Teslarati
How Tesla could benefit from the ‘Big Beautiful Bill’ that axes EV subsidies
- The United States House of Representatives passed the 'Big Beautiful Bill' which ends EV subsidy programs like the $7,500 tax credit by the end of this year.
- The bill eliminates credits on new and used EV purchases, as well as the installation of Level 2 chargers, impacting solar subsidies for clean energy.
- Tesla could benefit from the bill due to timing, as potential buyers may rush to purchase EVs before the credit ends, potentially boosting Tesla's sales.
- Additionally, Tesla's plans to introduce affordable models by 2025 could help offset the impact of losing the tax credit, making EVs more accessible to consumers.
Read Full Article
15 Likes
Insider
1M
54
Image Credit: Insider
The Magnificent 7 drove a $36 billion loss for short sellers as stocks soared after tariff chaos
- Short sellers faced a $36 billion loss as stock market rallied since April lows.
- The biggest tech names like Tesla, Nvidia, and Microsoft caused significant losses for short bets.
- Short positions in Tesla, Nvidia, and Microsoft accounted for steepest market value losses over the 42-day period.
- Short-sellers experienced losses due to the volatility from President Donald Trump's tariffs, with 48% of all short positions being unprofitable in 2025.
Read Full Article
3 Likes
TechDigest
1M
288
Image Credit: TechDigest
BYD overtakes Tesla in European EV sales for first time
- BYD has surpassed Tesla in European electric vehicle (EV) sales for the first time, marking a significant shift in the market.
- In April, BYD registered 7,231 new battery-electric vehicles, a 169% increase year-on-year, while Tesla's registrations declined by 49%.
- This development indicates a changing landscape in Europe's EV market, with BYD's total sales rising by 359% in April compared to the previous year.
- Chinese manufacturers like BYD are now focusing on both fully electric cars and plug-in hybrids in Europe, adapting to higher tariffs on Chinese-made EVs and evolving market demands.
Read Full Article
17 Likes
For uninterrupted reading, download the app