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Elon Musk has once again taken the global markets by storm by announcing the launch of a new political party. This party, referred to as the America Party, has been launched to counter Trump’s “One Big Beautiful Bill,” which, according to Musk, adds more fiscal pressure on the US. Musk has consistently expressed his concerns about the rising US debt and has recently criticized Trump over his OBB bills, arguing that they put pressure on the US economy from a monetary perspective. At the same time, Musk has now delivered another statement, adding how his party is ready to embrace Bitcoin in a new attempt to adopt financial innovation. Will this move help BTC score a new high? What are the odds? Let’s find out. Also Read: This Bitcoin Investor Turned $7800 Into $1 Billion: Can You Too? All About Musk’s America Party Source: Watcher.Guru Bitcoin is undoubtedly one of the most successful cryptocurrency coins to exist in the space today. The world is slowly pivoting towards the wo...

It has been an increasingly volatile year for the US stock market, while the Magnificent 7 has been hit especially hard. However, things began turning around in a big way in the last two weeks. Amid that rebound, Tesla (TSLA) has emerged as a key player, with one expert saying the stock is now facing 40% upside this year. The company had been experiencing a stark downturn since the start of the year, mostly because of a brand crisis taking place. Widespread consumer protests and a divisive CEO in Elon Musk had many worried about its 2025 prospects. Yet, the EV manufacturer may finally be turning the corner. Moreover, it may have even more gains set to be on the way. Source: Bitcoin.com Also Read: Tesla (TSLA) Faces “Code Red” : What Can Hold the Stock Back? Tesla Eyes Continued Rebound as Analysts Have High Hopes For One Big Reason This week, Tesla unveiled its Q1 earnings report, and the data certainly underperformed. That didn’t harm the stock, however, as this share price had a...

Tesla reported first-quarter revenue of $19.34 billion, far below analysts’ consensus of $21.11 billion. Automotive revenue slipped by roughly one-fifth year-on-year, and net profit tumbled seventy-one per cent, marking the steepest quarterly decline since the early pandemic period. Deliveries fell by thirteen per cent after production stoppages for model refreshes, while automotive gross margin narrowed to 12.5 per cent, just above the 11.8 per cent feared by analysts.​ Q1 2025 Earnings Call https://t.co/wCEPPfA1s7 — Tesla (@Tesla) April 22, 2025 Musk promises reduced government role During the earnings call, chief executive Elon Musk announced he will “significantly” scale back the time he spends leading the White House Department of Government Efficiency (DOGE) from early May, limiting himself to “a day or two a week” and redirecting attention to Tesla. The billionaire said the core work of establishing DOGE is “mostly done” and acknowledged that inve...

With Tesla’s highly anticipated Q3 earnings call taking place Tuesday, Elon Musk doubled on the Robotaxi product, while the report itself has driven TSLA up 17% Wednesday. Talking to reporters, Musk reaffirmed the commitment to the product while noting that deviations from it are highly unlikely. When asked about the release of a “$25,000 non-robotaxi regular car model,” Musk called the idea “pointless.” Indeed, he appeared to be all in on the autonomous vehicle. Yet, that doesn’t seem to be hiring the company’s stock, as it has skyrocketed in the last 24 hours. Source: Bloomberg Also Read: Tesla (TSLA) Says None of Its $763M Bitcoin Was Sold in Q3 2024 Elon Musk Calls Non-Autonomous EV ‘Pointless’ Amid Robotaxi Hype This week, Tesla (TSLA) proved once again why it sits atop the EV manufacturing market. The company was slated to release its Q3 earnings. Although there was some trepidation among investors, the company outperformed nea...

Tesla, one of the leading automotive and clean energy companies owned by Elon Musk, announced today that none of their $435,000,000 Bitcoin (BTC) was sold in Q4 2023. The company did not buy or sell any of its Bitcoin, according to its Q4 update. JUST IN: Tesla $TSLA reveals none of their $435,000,000 #Bitcoin was sold in Q4 2023. — Watcher.Guru (@WatcherGuru) January 24, 2024 Also Read: SEC Delays BlackRock Spot Ethereum ETF Before the earnings report was announced, it was known that Tesla had 9,720 BTC. It’s the sixth straight quarter of no sales for Tesla’s Bitcoin pile, which is significantly down in price compared to Q3 of 2023. In after-hours trading, Tesla is also down and has been slumping since the start of the new year. In addition to stocks being down and no Bitcoin transactions, Tesla reported 484,507 deliveries in the fourth quarter and more than 1.8 million deliveries for 2023. Total revenue for the company was down $70 mill...

It’s not a matter of will big-name companies follow Ferrari’s lead to adopt Bitcoin, but when, according to CoinFlip CEO Ben Weiss. Ferrari’s decision to allow U.S. residents to buy its cars in exchange for cryptocurrencies like Bitcoin (BTC) has become one of the biggest market wins in 2023, according to the CEO of the Bitcoin ATM operator CoinFlip. Ferrari has been aware of the growing demand from clients for alternative payment solutions and decided to support dealers in meeting these clients’ requests, the representative said, adding: “The source of the cryptocurrencies will be proven, and volatility risks associated with exchange rates will be eliminated. Dealers — and ultimately Ferrari — will receive payments in traditional currency and will not be managing cryptocurrencies directly.” Ferrari added the crypto payment support by integrating BitPay, a major crypto payment firm serving global brands like AMC Theaters, the electronics retailer Newegg and others. According to BitPa...