New FASB rules make Bitcoin holdings a goldmine for corporate earnings

New FASB rules make Bitcoin holdings a goldmine for corporate earnings

Market capitalization seems to have been the dominant driver of stock price performance last year, particularly for companies with significant Bitcoin holdings. Companies such as MicroStrategy (MSTR) and Tesla (TSLA) saw their stock prices move in tandem with Bitcoin’s price appreciation. This trend has been amplified by the broader risk-on …

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Tesla CEO Elon Musk To Visit India This Month; To Meet PM Narendra Modi

Tesla CEO Elon Musk To Visit India This Month; To Meet PM Narendra Modi

New Delhi: American electric car maker Tesla CEO Elon Musk is visiting India later this month to meet Prime Minister Narendra Modi and is likely to announce the company’s investment plans in the country, according to sources. Musk, who has described as a ‘natural progression’ to provide Tesla electric vehicles in …

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Tesla scraps low-cost car plans | The Express Tribune

Tesla scraps low-cost car plans | The Express Tribune

SAN FRANCISCO: Tesla has cancelled the long-promised inexpensive car that investors have been counting on to drive its growth into a mass-market automaker, according to three sources familiar with the matter and company messages seen by Reuters. The automaker will continue developing self-driving robotaxis on the same small-vehicle platform, the …

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