Bitcoin Surges After Elon Musk Adds ‘#Bitcoin’ to Twitter Bio

Bitcoin (BTC) saw a major surge on Friday, topping off an unbelievable week of record-setting stock market volatility. The surge occurred after Elon Musk added ‘#Bitcoin’ to his Twitter bio, with the trading cost of Bitcoin subsequently rising as much as 20%, according to CNBC. Musk followed the bio change up with a mysterious tweet, […]

Argus Gives Tesla its Second $1,000 Price Target

Tesla (TSLA) opened Friday with losses as the market experienced increased volatility, immediately following a week of the meteoric rise of highly-shorted stocks like Gamestop (GME) and AMC (AMC). Despite the losses, Argus Research’s Bill Selesky said on Friday that the firm had boosted its price target for Tesla to $1,010, from the prior $777, […]

General Motors Plans to Axe Gas Vehicles, Go All-Electric by 2035

American automaker General Motors announced on Thursday its plans to electrify its entire fleet offering by 2035, 14 years from now. That means sales of gas vehicles and light-duty trucks will come to a close in that timeframe, as the company plans to go emission-free by 2040. “General Motors is joining governments and companies around […]

Tesla Will Make an Electric Van Eventually Says Elon Musk

Rivian’s electric Amazon Prime van has now been spotted a few times in the wild, leaving Tesla fans wondering: when will the company develop its own electric van? At Tesla’s Q4 2020 earnings call on Wednesday, CEO Elon Musk responded to an investor question about electric vans, sharing that Tesla would eventually develop its own […]

Tesla Self-Driving Robotaxis Will Justify Valuation Says Elon Musk

Tesla CEO Elon Musk recently became the world’s richest person from Tesla’s (TSLA) major gains in 2020, though analysts are quick to speculate whether the company is overvalued or not. At Tesla’s earnings report on Wednesday, Musk shared that the company had a “roadmap to potentially justify” the company’s market capitalization and current valuation, according […]

TransLink Partners with Nova Bus for 15 More Electric Buses

A number of public transit companies in Canada have unveiled their own versions of the electric vehicle (EV), with the newest set to arrive next year. In a press release on Tuesday, Vancouver, B.C.-based TransLink announced a signed contract with Nova Bus for 15 all-electric buses, adding to the company’s current EV fleet of 4 […]

Tesla Has Almost 1,000 FSD Beta Testers Says Elon Musk

On Tesla’s Q4 2020 earnings call, CEO Elon Musk took time to talk about Full Self-Driving beta. Musk says Tesla has made “massive progress” on FSD, noting he recommends people watch the videos of FSD beta. “So we’ve got, I think, almost 1,000 people in the beta at this point,” said the CEO. While FSD […]

SpaceX Starship SN9 Test Launch Set for Thursday, Jan. 28

After a couple delays, SpaceX now plans to test launch its Starship SN9 prototype on Thursday, January 28, 2021. According to @op_boca, locals have been told to evacuate the area nearly the launch site by 8am CST. The SN9 test flight will take place at SpaceX’s Launch Pad B, at its space launch facility in […]

Tesla Shares New Pictures of Model Y Factories in Shanghai and Berlin

Tesla today announced its Q4 2020 earnings, revealing the company’s first-ever annual profit for a single fiscal year. Within the company’s quarterly update deck, Tesla also shared new photos detailing the construction of Model Y factories at Giga Shanghai and Giga Berlin. According to Tesla, the Model Y factory in Shanghai “is in the process […]