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Tesla Records $23M Impairment Loss on BTC, Despite Revenue and Profit both Exceeded Expectations in Q2 Financial Report

Tesla Records $23M Impairment Loss on BTC, Despite Revenue and Profit both Exceeded Expectations in Q2 Financial Report

American electric vehicle manufacturer Tesla released its second-quarter financial report on Monday. The company recorded a $23 million impairment loss on Bitcoin subject to the recent volatility.

Tesla Reverses Decision to Accept Bitcoin Payments, Citing Carbon Emission Concerns

Tesla Reverses Decision to Accept Bitcoin Payments, Citing Carbon Emission Concerns

Tesla will no longer be accepting Bitcoin payments for its cars due to the energy requirements for mining the cryptocurrency.

Crypto Twitter Explodes as Elon Musk Announces Tesla Will Stop Accepting Bitcoin Payments

Crypto Twitter Explodes as Elon Musk Announces Tesla Will Stop Accepting Bitcoin Payments

Tesla CEO Elon Musk's latest tweet on Bitcoin has generated a lot of backlash on Twitter.

Bots Inc Starts Accepting Dogecoin And Other Cryptocurrencies from Tesla Vehicle Buyers

Bots Inc Starts Accepting Dogecoin And Other Cryptocurrencies from Tesla Vehicle Buyers

BOTS Inc has announced that it has started allowing Tesla vehicle buyers to pay with cryptocurrencies like Dogecoin and others.

Tesla Announces CFO Transition: Vaibhav Taneja to Succeed Zachary Kirkhorn

Tesla Announces CFO Transition: Vaibhav Taneja to Succeed Zachary Kirkhorn

Tesla appoints Vaibhav Taneja as CFO, succeeding Zachary Kirkhorn, effective August 4, 2023, marking a new phase in leadership.

Tesla Reveals Possibly to Resume Bitcoin Payments for Products

Tesla Reveals Possibly to Resume Bitcoin Payments for Products

Months after it stopped accepting Bitcoin payments for its electric automobiles, American car manufacturing giant, Tesla has hinted at the possibility of continuing this pro-Bitcoin move in the near future

Bitcoin’s Volatility has Slowed Down, according to CoinShares Chief Strategist

Bitcoin’s Volatility has Slowed Down, according to CoinShares Chief Strategist

Despite the effects of the Covid-19 pandemic, some notable market indexes have hit record highs, making Bitcoin (BTC) appear less volatile according to CoinShares CSO.

Elon Musk: Lightning Network Needed to Fix Scalability Problem in Bitcoin Network

Elon Musk: Lightning Network Needed to Fix Scalability Problem in Bitcoin Network

Elon Musk urges that layer-2 payments Lightning Network is essential to offer the required bandwidth for Bitcoin transactions to solve its scalability problem.

Bitcoin Plunges Despite Tesla's Bitcoin Announcement and Reports of Fidelity's ETF Filing

Bitcoin Plunges Despite Tesla's Bitcoin Announcement and Reports of Fidelity's ETF Filing

Bitcoin is down despite Fidelity's ETF filing and Tesla's announcement that the company will welcome Bitcoin payments.

Advancements in Autonomous Driving: Analyzing the Progress of Waymo, Tesla, and Industry Trends

Advancements in Autonomous Driving: Analyzing the Progress of Waymo, Tesla, and Industry Trends

This paper provides an in-depth analysis of the current state and future prospects of autonomous driving, focusing on the roles of Waymo and Tesla in the industry, alongside discussing the broader technological, economic, and regulatory landscape.

Tesla Sold 75% Bitcoin Holdings in Q2, Worth $936m

Tesla Sold 75% Bitcoin Holdings in Q2, Worth $936m

Tesla’s 75% of Bitcoins have been sold from its holdings. This sale comes after a sharp drop in crypto prices across the board, including Bitcoin and Dogecoin.

Coinbase IPO May Push BTC Price to $70,000, Just like Tesla Pushed BTC to $60,000

Coinbase IPO May Push BTC Price to $70,000, Just like Tesla Pushed BTC to $60,000

Bloomberg strategist Mike McGlone says Coinbase IPO can stir a Bitcoin bull run to $70,000, similar to how Tesla prompted BTC to reach $60,000.

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