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Tesla will sell a $25,000 car by 2023, Musk announces

Tesla will sell a $25,000 car by 2023, Musk announces

Elon Musk announced Tuesday that there’s a $25,000 Tesla that can be expected by 2023. ’Three years from now, we’re confident we can create a really compelling $25,000 vehicle that is also fully autonomous’, Musk said at the company’s Battery Day event. That’s more than $12,000 less than Tesla’s least expensive car, the Model 3 sedan. Tesla’s most expensive car, the Model X, starts at $79,990.

3 days
TikTok asks judge to halt impending US App Store ban

TikTok asks judge to halt impending US App Store ban

TikTok asked a US judge to block a Trump administration executive order that would require Apple and Google to remove the video-sharing app for new downloads starting on Sunday. There is a more comprehensive ban planned for November.

3 days
Tesla’s stock nosedived 6% as Battery Day innovations remain far off in future

Tesla’s stock nosedived 6% as Battery Day innovations remain far off in future

Tesla stock’s nosedived 6% as CEO Elon Musk said that some of the innovations showcased at the Battery Day Event were close to working while some were three years away from fruition. Musk said that Tesla has set up a pilot battery plant in Fremont, Calif., to sort the challenges, but a lot of work still needs to be done to achieve the goal which disappointed the markets.

3 days
Amazon suspends sale of Prime Bike, distances itself from Echelon

Amazon suspends sale of Prime Bike, distances itself from Echelon

As per Echelon the Prime Bike was developed in association with Amazon and offers Prime members a 30-day free trial for Echelon’s linked fitness app. However the announcement has now been deleted, with some media outlets calling it a ’Peloton knockoff.’ Hours after the announcement, Amazon updated Echelons product page by listing the bike as ’currently unavailable’ and erased info on tie up.

3 days
NBA legend Michael Jordan starting NASCAR team with Bubba Wallace as driver

NBA legend Michael Jordan starting NASCAR team with Bubba Wallace as driver

NBA icon Michael Jordan and three-time Daytona 500 winner Denny Hamlin have formed a single-car NASCAR Cup Series team, with Bubba Wallace as the driver. This will see Wallace as NASCAR’s only black full-time driver and Jordan the second black team owner at its top level. Earlier, Wallace successfully campaigned to get the Confederate flag banned from NASCAR races.

4 days
Tesla’s battery day the next catalyst for the stock

Tesla’s battery day the next catalyst for the stock

Tesla Inc. is set to showcase its battery potential on Tuesday, at an event the company has christened Battery Day. The event will be followed by Tesla’s annual shareholder meeting, at which shareholders are expected to re-elect the existing Tesla board. Battery Day is frequently cited as the ’next catalyst’ for Tesla’s stock.

4 days
US household wealth hits record high despite slowdown in economy

US household wealth hits record high despite slowdown in economy

US household wealth touched a record high last quarter as the stock market quickly recovered from a pandemic-induced plunge in March. The Federal Reserve said households’ net worth jumped nearly 7% in the April-June quarter to $119 trillion. However, the gains mainly went to the affluent households. This comes at a time when millions of Americans have lost their jobs or saw their incomes shrink.

5 days
Microsoft will acquire Bethesda in blockbuster $7.5 billion deal

Microsoft will acquire Bethesda in blockbuster $7.5 billion deal

Microsoft has agreed to acquire video game giant Bethesda for a whopping $7.5 billion, securing the rights to huge franchises like Elder Scrolls, Fallout, Dishonored, and Doom. The acquisition of ZeniMax Media, the parent company of Bethesda, includes all studios that operate under the publisher, including id Software and Arkane Studios.

5 days
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