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Tesla’s biggest Cybertruck competitor just rolled out the largest IPO this year

Rivian today showed that people “will come” even before you build it. Today,theelectric truck manufacturer raised a massive $11.9 billion in its initial public offering (IPO).This is the biggest so far this year and the sixth-largest ever on a US exchange. It trumps Uber which raised $8.1 billion in 2019. The company, founded in 2009, is now valued at more than $77 billion — nearly as much as traditional companies Ford and General Motors....

Tesla’s bulging Bitcoin buy could be the spark that derails the stock market

Tesla’s bulging Bitcoin buy could be the spark that derails the stock market Here comes the gold rush Volatility spillover Tesla justified this material change in the way it manages its treasury reserves by stating that investing in bitcoin will “provide us with more flexibility to further diversify and maximize returns on our cash”. Corporate treasurers have always used the money markets to invest surplus cash to eke out small yields, and it is harder than it used to be in the current long-term low-interest rate environment....

Tesla’s Full Self Driving Beta 10 is here — but that’s not as cool as it sounds

Did you knowSHIFT is taking the stage this fall? Together with an amazing line-up of experts, we will explore the future of mobility during TNW Conference 2021.Secure your ticket now! On Friday, Tesla owners in the Early Access Program got the Full Self-Driving Beta 10 update, which Elon Musk announced a week before. FSD Beta 10 rolls out midnight Friday next week — Name (@elonmusk)September 2, 2021 Naturally, the release was accompanied by Musk’s usual boastful comments:...

Tesla’s making beer now — and that’s dangerous marketing

Over a week ago, at Tesla’s “Giga Fest” event in Berlin,on the sitewhere the company is currently building its German Gigafactory, Elon Musk announced that Tesla is going to make its own… beer. Echoing the “giga” spirit of the day, the beer is going to be called “Giga Beer” and “Giga Bier” (the German equivalent), and the bottle’s design is inspired by the futuristic lines and angles of the Cybertruck....

Tesla’s making humanoids — but you can overpower them

Elon Musk has done it again! The “Technoking” of Tesla has announced another product that billionaires fantasize about: humanoids. At the company’s AI day, he revealed that the car-making firm is making a prototype humanoid, and it’ll be calledTesla Bot — the internal codename of the bot will be Optimus. Shocking. Musk claimed that Tesla is “arguably the biggest robotics company” because its cars are “semi-sentient robots on wheels.” Weird flex, but okay....