Tesla CEO Elon Musk has reportedly disposed of nearly $7 billion worth of the company’s stock in recent days as his chaotic Twitter buyout...
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Elon Musk sells $6.9bn of Tesla shares, first since April
Elon Musk sold $6.9bn of shares in Tesla, according to regulatory filings on August 9, the first time he has sold stock in the carmaker since...
Tesla Hit With $170 Million Impairment Charge on Bitcoin Holdings
Elon Musk’s car manufacturer Tesla recorded a $170 million impairment charge for Bitcoin on its balance sheet during the first half of 2022....
1 Billion Crypto Users in Less Than 10 Years, Research Says
A joint study conducted by Boston Consulting Group (BCG), Bitget, and Foresight Ventures revealed that digital asset adoption is still in its...
Tesla Sold 75% of BTC Holdings, Crypto Market Reclaims $1T, Ethereum Merge 90% Complete: This Week’s Recap
The past seven days were very eventful, and, fortunately, the week ended up in green. The total cryptocurrency market capitalization...
Elon Musk Reveals the Reason Why Tesla Sold 75% of Its Bitcoin
The electric vehicle giant Tesla sold $936 million of its bitcoin holdings in Q2 this year. However, the move was prompted not because the...
Tesla Sold $936 Million of its Bitcoin Holdings in Q2
According to Tesla’s Q2 2022 earnings report released on Tuesday, the car manufacturer has sold almost all of its Bitcoin into fiat currency....
Hyundai unveils Ioniq 6 in push to challenge Tesla and the rest
Hyundai Motor unveiled its Ioniq 6 sedan, continuing its ambitious push into electric vehicles with an eye on challenging competitors such as...
Big tech sinks stocks as clock ticks on earnings
Stocks fell across the board, with traders bracing for a key inflation reading and the start of the earnings season for clues on whether the...