By CCN Markets: Goldman Sachs analyst David Tamberrino delivered some ugly thoughts about Tesla’s stock, and it relates the sustainability of demand. There is a lot of that going around. Tesla’s annual revenue: 2019: $ 25.0 billion*2018: $ 21.5 billion2017: $ 11.8 billion 2016: $ 7.0 billion2015: $ 4.1 billion 2014: $ 3.2 billion2013: $ 2.0 billion2012: $ 413 million2011: $ 204 million2010: $ 117 million2009: $ 112 million2008: $ 15 million *analyst forecasts pic.twitter.com/wDjKbRODSR — Jon Erlichman (@JonErlichman) June 21, 2019 Tesla’s Success is Due to Government Rent-Seeking One of the many criticisms regarding Tesla is its reliance on government handouts, including tax incentives. The federal government provided a whopping $ 7,500
An 18-year old Indian teen has threatened to blow up Miami International Airport (MIA) as a retaliatory move for the U.S. Federal Bureau of Investigation FBI’s uncooperative stance to help him track down an American fraudster who duped him of $ 1,000 worth of bitcoin on a popular online forum. Based on reports on local news
The post Indian Teen Threatens to Blow Up Miami Airport after Losing Bitcoin appeared first on CCN
In what amounts to a major clampdown down on bitcoin and other cryptocurrencies, the Reserve Bank of India (RBI) announced in a press release today, April 5, 2018, that it is banning banks and regulated financial entities from dealing with digital currencies.
“In view of the associated risks, it has been decided that, with immediate effect, entities regulated by RBI shall not deal with or provide services to any individual or business entities dealing with or settling [virtual currencies],” India’s central bank said.
The U.S. Securities and Exchange Commission (SEC) has been proclaiming for a while that initial coin offerings (ICOs) are securities. Now, in the latest regulatory backlash against ICOs, the federal bureau charged with enforcing the nation’s laws against money laundering has decided that, effectively, anyone who sells tokens is an unregistered money transfer business.
Financial Crimes Enforcement Network (FinCEN) made public a letter on March 6, 2018, that Drew Maloney, FinCEN’s assistant secretary for legislative affairs, sent to U.S. Senator Ron Wyden last month.