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Apr 28, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

Tesla

India woos Tesla with offer of cheaper production costs than China

India woos Tesla with offer of cheaper production costs than China

  • Gadkari's pitch comes weeks after billionaire Elon Musk's Tesla registered a company in India in a step towards entering the country, possibly as soon as mid-2021.
  • Rather than assembling (the cars) in India they should make the entire product in the country by hiring local vendors.
Published 02 Mar, 2021 06:50pm
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
Musk's bitcoin bet fuels gains in companies already invested
World

Musk's bitcoin bet fuels gains in companies already invested

  • Shares of companies that have invested in bitcoin have vastly outperformed on Wall Street in 2021 and are extending their gains thanks to Tesla’s $1.5 billion bet on the soaring digital currency.
  • The price of bitcoin hit a record high over $48,000 on Tuesday in a two-day surge after Tesla said on Monday that it had bought the digital currency and would soon accept it as a form of payment for cars.
Published 10 Feb, 2021 11:38am
Tesla electrifies bitcoin with $1.5 billion bet, car payments pledge
Markets

Tesla electrifies bitcoin with $1.5 billion bet, car payments pledge

  • Analysts said the move by one of the world’s best-known companies was liable to prove a game changer for bitcoin.
  • Musk said a week ago that bitcoin was “on the verge” of being more widely accepted among investors and in December asked if it was possible to do large transactions in the currency.
Updated 08 Feb, 2021 07:33pm
Japanese shares surge
Markets

Japanese shares surge

TOKYO: Japanese shares ended higher on Wednesday, with transport stocks leading gains, as Wall Street’s ...
Published 04 Feb, 2021 04:13am