New York (CNN Business)Apple blew through its December quarter record for sales in China when it reported earningslast month. Sales in the greater China region grew a whopping 57% from the same period in the previous year, topping more than $21 billion, thanks to strong demand for the iPhone 12. The results marked a big …
(Reuters) – Bitcoin dropped 6.39% to $43,165.78 on Sunday, losing $2,944.20 from its previous close. Bitcoin, the world’s biggest and best-known cryptocurrency, has fallen 26% from the year’s high of $58,354.14 on Feb. 21 when it soared amid increasing confidence that it will become a mainstream investment and payments vehicle. Major firms such as BNY …
Elon Musk isn’t the front runner to become the world’s first trillionaire simply because he’s iconic, genius, or ambitious. He might have tens of millions of followers on social media and the biggest car company in the world. He might be worth just slightly more or less than Amazon’s Jeff Bezos on any given day. …
American EV automaker Rivian released test footage of its R1T pickup in temperatures below freezing on the frigid Minnesota – Ontario border. Rivian explains that its engineers bundled up and headed north to test and refine R1T vehicle dynamics and battery performance. Unfortunately for them, the tests were in a place where temperatures regularly drop …
Tesla’s controversial ‘yoke’ steering wheel in the new and updated Model S has spotted in the wild for the first time. Last month, Tesla officially unveiled the new Model S and Model X refresh. The unveiling of the new vehicle was somewhat strangely on the sidelines of the release of its Q4 and full-year 2020 earnings. …
The Tesla Model Y’s instant acceleration will blow you away in daily driving. How does the Tesla Model Y electric crossover’s acceleration compare to a pricey and head-turning supercar? Well, it depends on how far you plan to race. This Tesla Model Y is a non-performance model, though it does have the Acceleration Boost feature. …
Electric car companies’ dash for cash will continue through the Year of the Ox as the capital-intensive industry ploughs billions of dollars into new models and builds infrastructure across the world’s largest car market, China. The single largest investment by the car industry in a century is well under way as electric vehicle (EV) start-ups …
Startup carmaker Lucid has been promising some frankly gorgeous electric vehicles, including the Air. This sedan has been set up as a serious rival to the Tesla Model S CEO Peter Rawlinson announced via letter that deliveries of its latest vehicle—originally scheduled for spring of 2021—due to COVID-19. “Despite the excellent progress made in all …
The pandemic has only heightened the rivalry between the two companies, with the trend toward shorter trips and smaller planes favoring the European giant. Every morning, Airbus SE Chief Executive Officer Guillaume Faury scans global air traffic data before checking in with carriers, suppliers, and the leasing companies that keep aircraft deliveries ticking along, even …
Australia’s central bank signaled it will not shirk from its yield target and quantitative easing programs designed to hold down borrowing costs and keep a lid on the currency. Yet, the bond market shows no indication of taking a backward step. Reserve Bank Governor Philip Lowe and his board are likely to focus Tuesday’s meeting …