electric carmaker

Bitcoin vaults above $50,000 for first time ever
Markets

Bitcoin vaults above $50,000 for first time ever

  • Bitcoin hit a new high of $50,602, and was last up 5% at $50,300. It has risen around 72% so far this year, with most of the gains coming after electric carmaker Tesla said it had bought $1.5 billion in bitcoin.
  • It also said it would accept the currency as payment.
Published 16 Feb, 2021 06:49pm
Bitcoin jumps 10pc to record high on Tesla investment news
Markets

Bitcoin jumps 10pc to record high on Tesla investment news

  • The news sent Bitcoin soaring as high as $43,625 as of 1300 GMT. The electric carmaker unveiled the investment ten days after its chief executive Elon Musk added a "#bitcoin" tag on his Twitter profile page, which drove bitcoin higher on the day.
Updated 08 Feb, 2021 06:40pm
Tesla to start operations in India next year: report
Business & Finance

Tesla to start operations in India next year: report

  • The electric-car maker will start with sales and then might look at assembly and manufacturing based on the response.
  • The first model to be launched will be Model 3, the cheapest among Tesla vehicles, with prices starting at over $74,739 (5.5 million Indian rupees).
Published 28 Dec, 2020 06:21pm