Elon Musk on Twitter said that Tesla sold 10 per cent of its holdings essentially to prove liquidity of Bitcoin as an alternative to holding cash on the balance sheet. Image: Reuters Elon Musk said his Tesla Inc has told 10 per cent of its Bitcoin holdings to prove the liquidity of the cryptocurrency. Elon
Tesla
Image Credit: Courtesy of Polestar In September of 2020, Swedish electric vehicle (EV) manufacturer Polestar called on other automakers to be more transparent about their supply chain and production processes. According to Polestar’s CEO, Thomas Ingenlath, the industry hasn’t been the most forthcoming with its consumers regarding the environmental impacts of their products. “That’s not
The upcoming week would be crucial for investors with the Federal Reserve Meeting on Cards, crucial earnings, and Joe Biden set to address a joint session of Congress during the week. (Image: REUTERS) Wall Street saw a volatile trading week, marred by reports of Joe Biden eyeing a capital gains tax as high as 43%.