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BMW's CEO says Tesla will struggle to maintain its rapid growth because of mounting competition among electric-car makers
11 days ago | By Business Insider
BMW CEO Oliver Zipse and Tesla CEO Elon Musk.
Sven Hoppe/Picture Alliance via Getty Images, Hannibal Hanschke-Pool/Getty Images
Tesla may struggle to maintain its rapid growth as other carmakers launch their own EVs, Oliver Zipse said Monday.
"The rest of the industry is moving ahead big time," the BMW CEO said.
Tesla delivered almost 500,000 vehicles in 2020. Other automakers have committed to boosting electric-car sales.
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Tesla may struggle to maintain its rapid growth as its competitors ramp up sales of their own electric vehicles...
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Bill Gates says he's not bullish on bitcoin as it uses 'a lot of energy' - and warns people who aren't as rich as Elon Musk against buying into the boom
11 days ago | By Business Insider
Bill Gates.
Getty Images for All In WA
Microsoft cofounder Bill Gates told Bloomberg he isn't bullish on bitcoin, and warned against jumping into the trade. People who don't have as much money to spare as Tesla CEO Elon Musk should watch out, he said. The climate activist thinks that anonymity behind bitcoin transactions is not a good thing. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Bill Gates, the world's third-richest person, is not a fan of bitcoin , partly for environmental reasons. According to the billionaire, not only does bitcoin use a lot of energy...
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Elon Musk's wealth tumbles by $15 billion after Tesla shares dropped 9% in one day
11 days ago | By Business Insider
Yasin Ozturk/Anadolu Agency via Getty Images
Elon Musk's wealth fell by $15 billion after Tesla's stock dived 9% on Monday. The slide was partly fueled by Musk's tweets that bitcoin and Ethereum's price "do seem high." Tesla also announced it would halt new orders for the lowest-priced version of its Model Y SUV. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Billionaire Elon Musk has yet again slipped to second place on Bloomberg's index of the world's richest people after his net worth dropped by $15 billion on Monday. His wealth fell to $183 billion, allowing...
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