Tesla Rises as Musk Says He Requested Robotaxi Design
27 minutes ago
Tesla (TSLA) shares finished Monday higher as CEO Elon Musk said the EV maker delayed its robotaxi debut event because he requested a design change.
Musk confirmed the delay of Tesla’s highly anticipated robotaxi event, originally scheduled for Aug. 8, after reports that it would be postponed to October. He wrote on the social-media site X Monday that he requested “what I think is an important design change to the front.”
Elon Musk speaking at the Cannes Lions International Festival Of Creativity on June 19, 2024.
Richard Bord /WireImage / Getty Images
Musk said the time would also allow Tesla engineers to add more features to the vehicle. A new date was not provided.
Investors will be watching for further details on the event and Tesla’s plans when the company reports second-quarter earnings July 23.
Shares of Tesla gained 1.8% on Monday and have closed higher in 13 of the last 14 trading sessions, boosted in large part by better-than-expected second-quarter production and delivery numbers.
–Aaron McDade
Bitcoin Momentum Seen Helped by Election Outlook
2 hr 8 min ago
Bitcoin (BTC) was back above $63,000 for the first time in two weeks on Monday, up more than 15% from the lows of last week.
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Some of that price momentum is likely associated with the viewpoint that the re-election of former President Donald Trump, who has lately become viewed as a stronger supporter of cryptocurrency, is more likely.
Trump has indicated he will attend a bitcoin conference in Nashville later this month, according to conference organizers.
“Bitcoin’s price is positively correlated with the probability of a Trump Presidency and will remain sensitive to election updates,” said analysts from brokerage firm Bernstein in a report, according to The Block.
The report also offered upbeat scenarios for bitcoin-mining stocks, including their diversification into artificial intelligence.
Crypto-related stocks also saw gains in trading Monday. MicroStrategy…
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