Fmr. Tesla executive Karim Bousta: Telsa's problems didn't start with Elon Musk's gov. involvement
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Engadget
a minute ago
- Engadget
Tesla offers a $350 retrofit turn signal stalk after removing it from the Model 3
Leave it to Tesla to charge its customers for a feature it purposely left out. The company is now selling an almost $350 retrofit turn signal stalk for its Model 3 cars after removing from the initial model. Instead, it used buttons to activate the turn signal. As of now, the add-on is only available in the Chinese market. But, Model 3 drivers will need to shell out another 2,499 yuan ($348) to get a normal part of almost every car. However, there's a slight catch: The turn signal stalk is only compatible with models produced from February 7 of this year onward. Only one month earlier, Tesla launched a refreshed Model Y that brought back the turn signal stalk. "We always say at Tesla, if you aren't deleting so much that you have to put something back, you have't deleted enough. Well, maybe we deleted too much," Tesla's vice president of engineering Lars Moravy said in an interview with Jay Leno shortly after. The option to buy a retrofit signal stalk isn't that surprising. Creator Chris Zheng first leaked the news back in February on X (formerly Twitter). It's unclear whether Tesla plans to bring the add-on to additional markets.
Yahoo
5 minutes ago
- Yahoo
1 Standout Cryptocurrency to Buy Before It Rockets 2,975% Higher by 2030, According to Cathie Wood's Ark Invest
Key Points Bitcoin currently trades near all-time high prices of $123,000. Cathie Wood and her research team at Ark Invest are predicting that Bitcoin could reach a price of $3.8 million by 2030. A number of factors are driving Wood's optimistic views of Bitcoin. 10 stocks we like better than Bitcoin › Cathie Wood has built a reputation on Wall Street for making bold -- and, at times, seemingly unconventional -- predictions. As CEO and Chief Investment Officer of Ark Invest, Wood was an early champion of electric vehicle (EV) pioneer Tesla and artificial intelligence (AI) software developer Palantir Technologies -- two picks that, in retrospect, appear to have been obvious opportunities. Given Wood's penchant for asymmetric risk assets, it should come as no surprise that she has also developed a strong conviction for cryptocurrency -- particularly Bitcoin (CRYPTO: BTC). In prior reports published by Ark Invest, Wood and her team of analysts modeled an upside price target of $1.5 million per Bitcoin by 2030. Since then, Wood has amplified her forecast considerably. She's now projecting a price of $3.8 million per Bitcoin within the next five years. At Bitcoin's current price of roughly $123,000, this forecast implies nearly 3,000% potential upside. Let's explore the key factors that could propel Bitcoin's price higher in the latter half of the decade. What could drive the price of Bitcoin higher? For years, Bitcoin found greater acceptance among retail investors compared to large institutional players such as banks, hedge funds, or wealth management firms. Historically, asset management funds steered clear of Bitcoin due to its uncertain regulatory framework and perceived lack of real-world utility compared to traditional fiat currency. However, these dynamics are starting to shift. Digital assets are increasingly viewed as a legitimate avenue for portfolio diversification. According to Wood's research, even a modest reallocation of 1% to 5% from commodities into cryptocurrency within institutional portfolios could release billions in capital -- a shift that would significantly boost demand for, and consequently the prices of, digital assets such as Bitcoin. Closely tied to this trend is the introduction of spot Bitcoin ETFs. These are vehicles that offer direct exposure to Bitcoin without the complexities of managing a crypto wallet or navigating specific exchanges such as Coinbase. Moreover, the Securities and Exchange Commission's (SEC) approval of these ETFs signals a growing regulatory acceptance of cryptocurrency as a mainstream asset class -- a development that likely alleviates lingering concerns among institutional money managers. Outside of traditional portfolios, Bitcoin adoption is also accelerating as part of evolving corporate treasury strategies. Companies such as Strategy (formerly MicroStrategy) and GameStop are complementing cash and short-term investments on their balance sheets with direct exposure to Bitcoin. Much like Wood's thesis on untapped institutional liquidity, if more corporations adopt Bitcoin as a strategic financial differentiator, it could create a domino effect -- prompting additional enterprises to do the same. Taking this idea a step further, several countries around the world have explored creating a strategic Bitcoin reserve. The same logic driving increased institutional and corporate adoption applies here. While Bitcoin should still be viewed as a speculative asset, it could prove to be a major differentiator in a world of increasingly complex trade negotiations and heightened geopolitical risks -- factors that often contribute to fluctuations and instability in traditional currency markets. Stablecoins are a type of cryptocurrency pegged to the value of a fiat currency. While this may seem unrelated to Bitcoin at first glance, broader adoption of stablecoins as a medium of exchange could foster greater psychological acceptance of digital assets as an integrated part of commerce. In turn, increased acceptance of decentralized finance (DeFi) protocols could encourage more investors to hold cryptocurrencies such as Bitcoin as a core component of their investment playbooks. The core pillar of Wood's forecast rests on Bitcoin's fixed supply cap of 21 million coins. Prices of traditional commodities such as gold fluctuate based on changes in production. In contrast, Bitcoin's supply is finite by design and inherently constrained by periodic halving events -- a feature that instills a scarcity mindset among investors. As a result, Bitcoin is often referred to as "digital gold" and is viewed by many as a hedge against inflation. In essence, the basic dynamics of supply and demand point to exponentially rising demand chasing a fixed supply -- an idea that supports the potential for meaningful price appreciation. Is Bitcoin right for your portfolio? Indeed, Wood's $3.8 million price forecast is aggressive -- and perhaps overly optimistic. As a long-term investor, I would not focus solely on Bitcoin's potential upside in terms of absolute dollars. Instead, investors should consider the underlying factors driving bullish sentiment from investors like Wood. As Bitcoin gains broader acceptance among major financial institutions, corporations, and governments, the cryptocurrency becomes increasingly positioned to play a meaningful role in the modern financial system. Even a modest allocation to Bitcoin could serve as both a diversification tool and a potential hedge against inflation during periods of economic uncertainty. In my view, an investment in Bitcoin reflects a broader endorsement of the digital asset revolution -- and I see no better asset to own in this space. Do the experts think Bitcoin is a buy right now? The Motley Fool's expert analyst team, drawing on years of investing experience and deep analysis of thousands of stocks, leverages our proprietary Moneyball AI investing database to uncover top opportunities. They've just revealed their to buy now — did Bitcoin make the list? When our Stock Advisor analyst team has a stock recommendation, it can pay to listen. After all, Stock Advisor's total average return is up 1,070% vs. just 184% for the S&P — that is beating the market by 885.55%!* Imagine if you were a Stock Advisor member when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $668,155!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,106,071!* The 10 stocks that made the cut could produce monster returns in the coming years. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of August 13, 2025 Adam Spatacco has positions in Palantir Technologies and Tesla. The Motley Fool has positions in and recommends Bitcoin, Palantir Technologies, and Tesla. The Motley Fool recommends Coinbase Global. The Motley Fool has a disclosure policy. 1 Standout Cryptocurrency to Buy Before It Rockets 2,975% Higher by 2030, According to Cathie Wood's Ark Invest was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
5 minutes ago
- Yahoo
New photos of questionable Tesla business practice raise concern: 'You'd think ... they'd be able to afford'
Dozens of brand-new Tesla vehicles parked at Long Beach, California, have sparked questions about the company's ability to move inventory and what that could mean for customers. The sight comes as Tesla reports declining U.S. sales and faces growing competition in the electric vehicle market, raising concerns about shifting buyer confidence. What's happening? Photos posted on Reddit's r/RealTesla show rows of brand-new Teslas lining city streets in Long Beach, each with bright red stickers warning that the cars could be towed if not moved within 72 hours. Commenters weighed in, with one Redditor writing, "You'd think with their massive valuation that they'd be able to afford off site parking." This isn't the first time Tesla has been seen storing unsold vehicles in public or temporary parking lots. In 2024, people also shared photos of unsold Teslas in a Detroit parking lot, Fortune reported. Switch Auto Insurance and Save Today! Affordable Auto Insurance, Customized for You The Insurance Savings You Expect Great Rates and Award-Winning Service Cox Automotive also showed the company's declining U.S. sales, which have decreased by over 12% year-over-year, while its share of the EV market slipped to 44.7%. For two consecutive quarters, deliveries have fallen short as published in Tesla's reports. In the second quarter, production reached 410,244 while deliveries fell to 384,122. Why is this concerning? For customers, slower sales could mean delays in receiving vehicles, lower trade-in values, and uncertainty about the brand's long-term stability. From an environmental perspective, any slowdown in EV adoption from a major manufacturer risks slowing the shift away from gas-powered transportation, which is essential for reducing polluting gases. According to Our World in Data, the transportation sector remains the second-largest source of heat-trapping gases. This trend follows other challenges Tesla has faced in recent years, including sudden price cuts that affected resale values and reports of production bottlenecks — all of which have raised questions about the company's market position. What's being done about it? City officials in Long Beach have issued tow notices for the parked vehicles, though it's unclear if they've been moved. Would you buy an EV if there were no tax incentives for getting one? Definitely No way Depends on the sticker price Depends on the range Click your choice to see results and speak your mind. Meanwhile, other automakers are stepping in with their fleet of EV offerings. General Motors has doubled its EV sales volume compared to the previous year, according to Cox Automotive, while the International Energy Agency shared that cheaper battery costs are making EVs more affordable now. That means those interested in switching to EVs now have more options beyond Tesla, if they desire. Despite the hitches Tesla is facing, overall EV adoption is still on track toward a more sustainable future for transport. Join our free newsletter for good news and useful tips, and don't miss this cool list of easy ways to help yourself while helping the planet.
