ELEAV
Ferrari to accept crypto as payment for its cars in the US
The logo of Ferrari is seen in the headquarters as CEO Benedetto Vigna unveils the company’s new long term strategy, in Maranello, Italy, June 15, 2022. Picture taken June 15, 2022. REUTERS/Flavio Lo Scalzo/File Photo Acquire Licensing Rights MILAN, Oct 14 (Reuters) – Ferrari (RACE.MI) has started to accept payment in cryptocurrency for its luxury …
Tesla’s governance autopilot heads for disaster
NEW YORK, May 17 (Reuters Breakingviews) – Portraying a CEO as a father figure is one way to tell there’s a lack of judicious oversight. Backing the company’s board despite obvious shortcomings is another. Tesla shareholders did both on Tuesday, with one of them playing the part of boss Elon Musk’s “son,” a robot the …
Twitter makes first interest payment on Musk buyout debt – Bloomberg News
Jan 30 (Reuters) – Twitter Inc has made its first interest payment under Elon Musk after the billionaire took the social media company private last year using about $12.5 billion of debt, Bloomberg News reported on Monday, citing people with knowledge of the matter. Twitter paid a group of seven banks, led by Morgan Stanley, …
Musk says he would reverse Twitter ban on Donald Trump
May 10 (Reuters) – Billionaire Elon Musk said on Tuesday he would reverse Twitter’s ban on former U.S. President Donald Trump when he buys the social media platform, the clearest signal yet of Musk’s intention to cut moderation of the site. Musk, the world’s richest person and chief executive of electric vehicle maker Tesla Inc …
New lithium technology can help the world go green — if it works
April 7 (Reuters) – Rio Tinto, General Motors and even the U.S. Energy Department are investing heavily in a crop of newer technologies that could revolutionize the way lithium is produced for electric vehicle batteries. Now those technologies just have to prove they work on a commercial scale. If they do, miners will be able …
Rivian spares preorders from price hike to fix ‘painful’ mistake
March 3 (Reuters) – Rivian Automotive Inc (RIVN.O) has rolled back price hikes on electric vehicles booked before March 1 after facing backlash from customers following a 20% increase in prices. Preorders as of March 1 will not be subject to the new prices, and customers who canceled orders can reinstate them with the original …
EXCLUSIVE Apple in talks with CATL, BYD over battery supplies for its electric car
Apple Inc (AAPL.O) is in early-stage talks with China’s CATL (300750.SZ) and BYD (002594.SZ), about the supply of batteries for its planned electric vehicle, four people with knowledge of the matter said. The discussions are subject to change and it is not clear if agreements with either CATL or BYD will be reached, said the …
Glencore, Umicore to trace battery cobalt with blockchain technology
Artisanal miners work at Tilwizembe, a former industrial copper-cobalt mine, outside of Kolwezi, capital city of Lualaba Province in the south of the Democratic Republic of the Congo, June 11, 2016. REUTERS/Kenny Katombe/File Photo Mining and trading company Glencore (GLEN.L) and other miners are joining forces with battery material supplier Umicore (UMI.BR) to make the …
Tesla’s bitcoin value dives; Musk signals hold with ‘diamond hands’ tweet
The market value of Tesla Inc’s (TSLA.O)bitcoin holdings have fallen by half to $1.26 billion, close to the electric car maker’s purchase cost, as the cryptocurrency’s value plunged following a crackdown by the Chinese government. Shares of Tesla Inc (TSLA.O) were 3% lower on Wednesday afternoon, down more than broader U.S. market indices. Chief Executive …
Tesla to roll out improved self-driving technology in coming weeks- Musk
The TESLA logo is seen outside a dealership in the Brooklyn borough of New York City, U.S., April 26, 2021. REUTERS/Shannon Stapleton Tesla Inc’s (TSLA.O) top boss Elon Musk said in a series of tweets on Wednesday that the company expects to release a significantly improved version of its full self-driving technology within the next …