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Tesla may be synonymous with electric vehicles right now. But within a few years, GM, Volvo and many other manufacturers will be making mostly or only EVs, because they’re emission-free, climate-friendly, socially and ecologically responsible, and more affordable every year. Which explains why we need subsidies to persuade people to buy them, and mandates to force people to buy them. resident Biden wants all new light/medium-duty vehicles sold by 2035 to be EVs. Vice President Harris wants only ZEVs (zero emission vehicles) on America’s roads by 2045. Various states are considering or have already passed similar laws; some would even...

‘While the Bitcoin investment is a side show for Tesla, [it is] clearly been a good initial investment and a trend we expect could have a ripple impact for other public companies over the next 12 to 18 months,’ says Ives Much has been made about the hefty sum that Tesla Inc. has invested in bitcoin, a speculative asset that has only been around since 2009. Read: Why did Tesla buy bitcoin? However, early estimates from prominent technology analyst Dan Ives sees the investment by the electric-vehicle maker, headed by outspoken Chief Executive Officer Elon Musk, already minting a digital...

The electricity shortage in Texas amid the cold snap has sent spot electricity prices soaring so much that the surge in power prices equals a cost of $900 for charging a Tesla. The typical full charge of a Tesla costs around $18 using a Level 1 or Level 2 charger at home, according to estimates from The Drive. This estimate is based on an average price of $0.14 per kWh of power. However, the extreme winter weather this week has sent Texas spot electricity prices soaring, as the wind turbines froze in the ice storms and reduced the wind power...

Tesla (TSLA) blazes another trail by becoming the first non-fintech Fortune 100 company to load up on bitcoin (BTC-USD) — amassing a $1.5 billion stake in January. Its new cryptocurrency investment may be sitting on unrealized gains of over 37%, including an 18% run-up in the price of bitcoin Tuesday morning to $47,000. According to Yahoo Finance calculations and data, Tesla’s volume-weighted average price in January was $34,200, which we use as a proxy for Tesla’s purchase price of bitcoin. Based on the $47,000 bitcoin price as of 4:30 a.m. ET on Monday, that represents a gain of roughly 37%,...

Move raises ethics concerns, watchdog claims. Ethics watchdogs say the timing of large purchases of Tesla stock by House Speaker Nancy Pelosi's husband Paul raises ethics concerns due to an appearance of insider trading. Paul Pelosi reportedly purchased up to $1 million in stock from electric car giant Tesla last month. President Joe Biden, meanwhile, announced this week that his administration intends to take the entire federal fleet of automobiles electric. The move by Pelosi was "corrupt and unacceptable," TakeBack.org Executive Director John Pudner claimed in an interview with the Washington Times this week. "Even if the actual charges are...

House Speaker Nancy Pelosi's husband has placed up to $1 million worth of bullish bets on Tesla stock, the politician revealed in a financial disclosure form last week. Paul Pelosi, who runs an investment firm, bought 25 call options on Tesla stock with a strike price of $500 and an expiration date of March 18, 2022. He spent between $500,001 and $1 million on them on December 22. The call options give him the right to buy 2,500 Tesla shares at $500 each at any point before they expire in March 2022. That may sound like a fantastic deal with...

The Lavo home hydrogen battery is not a battery, it's an electrolysis system, hydrogen storage array and fuel cell power system rolled into one attractive cabinetLavo VIEW 3 IMAGES To get off the grid with home solar, you need to be able to generate energy when the Sun's out, and store it for when it's not. Normally, people do this with lithium battery systems – Tesla's Powerwall 2 is an example. But Australian company Lavo has built a rather spunky (if chunky) cabinet that can sit on the side of your house and store your excess energy as hydrogen. The...

Even before Joe Biden was inaugurated as president, he and his team were calling for an end to the Keystone Pipeline. The fourth leg of the energy project, Keystone XL, has been delayed, then resumed, and now delayed again by three presidents since 2015.It attracted opposition from environmentalists, becoming a symbol of the battle over climate change and fossil fuels. At least that’s the story we’ve been hearing from mainstream media, environmental groups, and the Biden administration. But Donald Trump Jr. has a different, more lucid take on what’s been happening.Also worth noting it doesn’t end oil transportation it just...

In times of social crises in America, big tech billionaires are often amongst the first to speak up—though how they do so varies. Tesla and SpaceX CEO Elon Musk, unlike many of his peers, didn’t directly speak about the riot that erupted in Washington, D.C. on Wednesday afternoon. But the second-richest man in the world did make it clear that he was watching the news and indeed had a strong opinion about the surreal events that transpired at the U.S. Capitol. Late Wednesday night, after police had cleared protestors from the Capital ground to allow Congress to resume vote counting...

Tesla's momentum and back-to-back record highs have divided some of the world's most famous investors. Billionaire venture capitalist Chamath Palihapitiya praised the stock's gains in a Thursday appearance on CNBC, telling investors the stock could be worth three times its already lofty valuation. "Don't sell a share," he added. Hedge fund manager Michael Burry - whose bet against the housing market was depicted in the novel and 2015 film "The Big Short" - aired his contrasting opinion Thursday night. The investor tweeted that, like his famous 2008 gambit, his short position in Tesla stands to print huge gains. "Well, my...

Police are investigating the fatal conflagration of a Tesla Model X that killed its owner and injured two others in an underground parking garage in Seoul. The Model X crashed into the wall of the parking garage of an apartment complex in Yongsan District, central Seoul, then caught fire, on Wednesday. This led to the burning death of the car's owner, who was in the passenger seat. The driver, who escaped with injuries, claimed “the car suddenly got out of control," raising the possibility of a sudden unintended acceleration as the cause of the accident, according to police. It is...

Tesla is giving its owners another way to express their individuality from behind the wheel of their vehicles. As if they needed it. The EV maker released its Holiday Update, Firmware 2020.48.25 on Christmas Day, adding a few little gifts for recently built Teslas, including the ability to make the car fart or bleat like a goat at the outside world on command. Through the new Boombox feature, users can now change their horn noise to a bunch of stock sounds including goat, applause, La Cucaracha, holiday music, coconuts and fart, each projected outward from an external speaker near the...

What could the consequences be if the love affair between China and Tesla begins to fade? That is a question U.S. investors may have to start asking themselves.Weeks ago, we wrote about how China was forcing a recall of Tesla Model S and Model X vehicles, indicating the first "bump in the road" between the company and the Chinese state. Then, on Christmas, Chinese company Pingwest released what can only be called a brutal expose about quality control and working conditions at Tesla's Shanghai factory.The article was titled "Giga-Sweatshop Meets Corporate Overlords: an Exclusive Look Into How Tesla China Runs...

Toyota makes a lot of cars, so many that it’s the world’s largest or second-largest auto manufacturer every year. ... So Toyota CEO Akio Toyoda’s comments at the company’s year-end press conference deserve notice and no little amount of respect. He knows more about cars and their economic ecosystem than just about anyone else on the planet. ... “The more EVs we build, the worse carbon dioxide gets… When politicians are out there saying, ‘Let’s get rid of all cars using gasoline,’ do they understand this?” ... failure to count the cost of what politicians are proposing. More EVs will...

Call up Lord Helmet and Colonel Sanders, because Tesla's gone Plaid. Not one to go down without a fight, the new 2022 Tesla Model S Plaid aims to take on the 2021 Lucid Air Dream Edition and its 1,080 hp electric powertrain. With more than 1,100 horses produced from three electric motors (two at one axle and one more at the other), Tesla promises the most powerful iteration of its flagship sedan will hit 60 mph in less than two seconds and top out at 200 mph. The Air Dream Edition, meanwhile, sprints to 60 mph in less than 2.5...

In an Instagram post, the rapper said he’d be gifting the luxury electric vehicle to one lucky voter 2 Chainz is working hard to get Atlanta residents to vote in the Georgia Senate run-off. The rapper is collaborating with HeadCount and Good to Vote and together, they are giving away a free Model 3 Tesla to those who request a mail-in-ballot or pledge to vote. Starting today until Tuesday, Jan. 5, folks who visit Headcount and request a mail-in ballot or pledge to vote will automatically be entered to win the luxury vehicle, per a press release obtained by theGrio.

Key Points The Mustang Mach-E is arriving at Ford dealerships as its first new all-electric vehicle under an $11 billion investment plan in electrification through 2022. The importance of the Mach-E for Ford can’t be understated as it needs to convince Wall Street that Ford’s EV plans are headed in the right direction. The Mustang Mach-E is aimed squarely at the Tesla Model Y but engineers also took inspiration from the iPhone and Netflix. ========================================================================== The Mustang Mach-E is Ford’s first new all-electric vehicle under an $11 billion investment plan in electrified vehicles through 2022. Michael Wayland / CNBC =====================================================================...

Tesla and SpaceX CEO Elon Musk said Tuesday he has personally relocated to Texas, citing repeated complaints with California’s regulations over technology companies as well as what he called innovation complacency throughout Silicon Valley. “If a team has been winning for too long, they do tend to get a little complacent, a little entitled, and then they don’t win the championship anymore. California has been winning for too long,” Musk said at The Wall Street Journal's CEO Council summit Tuesday during an interview with Editor-in-Chief Matt Murray. When asked if he had moved from California, Musk first emphasized the presence...

Tesla CEO Elon Musk put his California houses on the market this year while he was sparring with state lawmakers over Covid-19 restrictions. He’s simultaneously been expanding operations in Texas and cozying up to Republican Gov. Greg Abbott. Now, several of his close friends and associates say that Musk has told them he’s planning to move to the Lone Star State. The people with knowledge of his plans asked not to be named because their conversations were private. Musk, the world’s second-wealthiest person behind Amazon’s Jeff Bezos, is in Texas frequently already. He spends most of his time between Austin,...

Tesla Chief Executive Elon Musk said on Tuesday that electricity consumption will double if the world’s car fleets are electrified, increasing the need to expand nuclear, solar, geothermal and wind energy generating sources. Increasing the availability of sustainable energy is a major challenge as cars move from combustion engines to battery-driven electric motors, a shift which will take two decades, Musk said in a talk hosted by Berlin-based publisher Axel Springer. There’s no unicorn energy source or free lunch. Currently, electric cars are primarily powered by coal, natural gas, and nuclear. Those are the sources we use to generate electricity,...