Archive for Tag: TESLA Market News

Musk decries bitcoin’s ‘insane’ energy use after Tesla payment U-turn

Tesla Inc boss Elon Musk denounced the “insane” amount of energy used to produce bitcoin on Thursday, doubling down on his sudden rejection of the cryptocurrency as a means of payment over environmental concerns. Bitcoinfell more than 10% after Musk, one of its most famous backers, tweeted his decision...

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Tesla seeks entry into U.S. renewable fuel credit market

Tesla (NASDAQ:TSLA) Inc DOWN 1.88% AT 617.20 Tesla (NASDAQ:TSLA) Incis seeking to enter the multi-billion dollar U.S. renewable credit market, hoping to profit from the Biden administration’s march toward new zero-emission goals, two sources familiar with the matter said. The electric car maker is one of at least eight...

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The U.S. state with the most detailed corporate diversity disclosures

Boeing (NYSE:BA) Co DOWN 1.08% AT 232.93 Aerospace company Boeing (NYSE:BA) Cowas explicit, naming who among its dozen directors were women, Asian and African American. Agricultural giant Archer Daniels Midland (NYSE:ADM) Co offered a more general accounting, saying its board was 55% diverse. Illinois officials have seen the range...

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Tesla Falls as China Sales Dip, Musk Polls Followers on Dogecoin

Tesla Inc. shares slumped in early trading as fresh signs of trouble emerged for its China business while Elon Musk polled Twitter followers on whether the carmaker should accept Dogecoin. China’s Passenger Car Association said Tuesday that Tesla sold 25,845 locally made vehicles in April, a 27% drop from...

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Tesla developing platform to allow car owners in China data access

U.S. electric-vehicle maker Tesla Inc said on Thursday it was developing a platform for car owners in China that will allow them to access data generated by their vehicles. Tesla, which makes Model 3 sedans and Model Y sport-utility vehicles at its Shanghai factory, aims to launch the data...

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Tesla, under scrutiny in China, steps up engagement with regulators

Tesla (NASDAQ:TSLA) Inc UP 4.79% AT 709.44 Electric vehicle maker Tesla (NASDAQ:TSLA) Inc, facing scrutiny in China over safety and customer service complaints, is boosting its engagement with mainland regulators and beefing up its government relations team, industry sources said. Tesla’s change of strategy leading to more behind-the-scenes interaction...

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