Author: News Desk

Tesla Stock Tumbles Below Key Level As Chinese Demand Crashes China orders for Tesla vehicles reportedly nearly halved in May, sending Tesla stock tumbling. That could be good news for EV rivals Nio, Xpeng and Li Auto. Tesla orders nearly halved in May vs. April, the Information reported, citing internal data. That comes amid weeks of consumer complaints about Tesla safety and its response to criticism, heavily covered in state media. In April, Tesla deliveries in China excluding exports fell by two thirds vs. March to 11,671, according to trade group data. China has accounted for the bulk of Tesla’s…

Read More

According to the Mayor of Miami Francis Suarez, Elon Musk has highlighted a huge problem with Bitcoin. CEO of Tesla Inc. (NASDAQ: TSLA) has highlighted the fragility of Bitcoin price (CRYPTO: BTC) that reduces its utility as a financial asset. problem with bitcoin stock BTC There’s volatility in everything, there’s volatility in commodities, there’s volatility in dollars but not that kind of volatility. Elon Musk the puppeteer “When one person has the ability to make one tweet and spiral the price of a particular asset at that level — you know, 10%-20% as opposed to 1% or 2% or 3%.” In…

Read More

European Union (EU) government reached a deal with the EU Parliament on Tuesday over new rules that will force large multinational companies to disclose how much revenue and tax they pay in the 27-nation bloc and how much they pay in countries considered tax havens by the EU. This has been an ongoing war since the last crisis when the likes of Amazon, Microsoft, Google, Facebook and others were exposed for paying ridiculously low amounts of tax. Many critics have criticised it as a half-measure and corruption in the EU parliament for bowing down to the tech giants. EU agrees…

Read More