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Tesla (TSLA) stock is down during Friday’s trading session after the EV maker pulled the option to purchase select Tesla vehicles in China. Tesla removed the “order” button from its China website for the Model S sedan and Model X SUV. The EV maker updated its model lineup both in China and the US on Friday due to tariffs and demand issues. This week, China raised its tariffs on US imports to 125% from 84%. The hike comes as the two appear in a tariff standoff, with the latter also raising its tariffs against China but pausing tariffs against other countries. Tesla fell 3% on Saturday after rebounding slightly on Wednesday and Thursday. Chinese customers can still purchase the vehicles from the country’s existing inventory, however, Tesla has only sold around 2,000 Model S and Model X EVs in China. Tesla is up around 5% in the past week following Wednesday’s climb amid market volatility. The majority of the US stock market, especially top options like TSLA and NVDA, wer...

Amid what has been a monumental few months for the company, Tesla (TSLA) stock is currently nearing an all-time high price, with $500 beginning to become more of a reality for the EV manufacturer. The question is, can the company reach the mark before the calendar turns to 2025? The Elon Musk-led firm has undoubtedly benefited from his connection with President-elect Donald Trump. Following his election win in early November, the company has been surging in value as it eyes its highest price in more than two years. With a record stock price more likely than not, all eyes are on what’s next. Source: NPR Also Read: Tesla (TSLA) Eyes Highest Price Level in 4 Years Tesla to $500? 2024 Looks to Surge Past All-Time Price Last week, Bank of America upped its price target for Tesla (TSLA) to $400. The move was a big one and spoke to the potential for the company to continue gaining value well into next year. Yet, the automobile developers’ performance has already outpaced those esti...

For the first time in two years, Elon Musk’s Tesla has transferred all of its $760 million worth of Bitcoin assets from its public wallet. According to Arkham Intelligence data revealed Wednesday, the firm carried out multiple transactions to move its holdings out of its existing wallet. The move caused the BTC market to stir, with the asset reaching $67,0000 shortly after. Tesla transferred $75.18 million, $76.08 million, and $77.16 million in the first three significant transactions. This reportedly happened in quick succession. While the firm sent $76.08 million and $77.16 million to the same anonymous wallet, Tesla transferred $75.18 million to another unidentified wallet. So far, none of the Tesla Bitcoin have made it to exchange wallets or were swapped for stablecoins. This raises the question of why the Musk-founded company decided to make this move after two years of hoddling. The electric carmaker as of the time of the move was the fourth-largest corporate holder of bitcoin, ...