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Bitcoin turned out to be unprofitable for Tesla The company Bitcoin turned out to be unprofitable for Tesla The company

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Bitcoin turned out to be unprofitable for Tesla. The company sold 75% of the coins

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Tesla suffered a serious loss in reserves due to the fact that the price of bitcoin fell. The damage amounted to 440 million dollars, writes The Telegraph. According to the source, at the beginning of the second quarter, the company held $1.26 billion in cryptocurrencies, but the fall of the “crypto” reduced this amount. The drop was equivalent to a 9% drop in Tesla’s 2021 annual profits.

Bitcoin turned out to be unprofitable for Tesla.  The company sold 75% of the coins

After that, she sold 75% of bitcoins in the amount of $936 million. Note that as of the beginning of last year, the manufacturer purchased $1.5 billion worth of bitcoin at an average price of about $31,600, but now the average sale price is already $29,000, taking into account the fall in prices.

The price of bitcoin fell 1.7% to $23,000 after the announcement, according to Coindesk, but quickly returned to its previous value when Musk commented on the situation. At the moment, the “crypto” is already below $23,000.

Bitcoin turned out to be unprofitable for Tesla.  The company sold 75% of the coins

Overall, the company ended the second quarter with $218 million in bitcoin savings, up from $1.26 billion initially.

Earlier it was reported that the main cryptocurrency of the world could fall to $8,000 per coin by the end of the year.

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Electric Cars

Traction batteries from China’s BYD have been approved for use in the Tesla Model Y for the European market. The first batch of batteries has already been delivered to the company’s Berlin factory

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Traction batteries from Chinas BYD have been approved for use

According to the source, the Dutch regulator RDW on July 1 of this year issued a permit for the use of traction batteries in the Tesla Model Y electric car. Moreover, the first batch of such batteries has already been delivered to the Gigafactory Berlin for car assembly.

Traction batteries from China's BYD have been approved for use in the Tesla Model Y for the European market.  The first batch of batteries has already been delivered to the company's Berlin factory

Tesla Model Y with BYD solid-state traction batteries is coded Type 005 and internal code Y7CR. The battery capacity is 55 kWh, the weight of the Model Y with such a battery is 2087 km, the cruising range is 440 km.

Traction batteries from China's BYD have been approved for use in the Tesla Model Y for the European market.  The first batch of batteries has already been delivered to the company's Berlin factory

At the moment, Tesla traction batteries are supplied by LG Energy Solution, Panasonic and China’s CATL. Last year, Tesla became the largest buyer of CATL batteries, shipping $1.9 billion worth of products to the American company. Now, the second Chinese company has entered the Tesla traction battery supplier pool. Moreover, in the domestic Chinese market, Tesla and BYD are direct competitors, since both produce electric vehicles.

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Electric Cars

An alternative to electric scooters: Airtrick shoe rollers accelerate to 28 km/h

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An alternative to electric scooters Airtrick shoe rollers accelerate to

The Hong Kong company Airtrick came up with an interesting initiative. It offers removable E-Skates that can be used instead of electric scooters.

An alternative to electric scooters: Airtrick shoe rollers accelerate to 28 km/h

Rollers weighing 1.5 kg each are suitable for shoe sizes from 36 to 46. According to the manufacturer, such rollers can be easily put on, taken off and put into a bag.

An alternative to electric scooters: Airtrick shoe rollers accelerate to 28 km/h

The rollers are equipped with 150-watt electric motors, capable of accelerating to 27 km / h and providing a power reserve of 15 km. They are protected from moisture (IPX3).

The price starts at $ 399, the versions are rich in equipment, some have a helmet. So far, the videos are being produced in China and recently entered the Indiegogo co-financing platform.

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Revealed jet-powered Zapata JetRacer flying car that flies on kerosene

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Revealed jet powered Zapata JetRacer flying car that flies on kerosene

The JetRacer flying car was unveiled this month by former jet ski world champion Frankie Zapata. The Frenchman’s eponymous company has produced a number of other microjet-powered aircraft that operate above water or above ground, including the recently introduced JetRacer.

JetRacer Zapata differs from other aircraft in its unusual shape. Also, unlike other electric vertical takeoff and landing (eVTOL) vehicles, the JetRacer has no visible propellers and runs on kerosene instead of batteries.

Revealed jet-powered Zapata JetRacer flying car that flies on kerosene

It flies using 10 microjet engines, climbing up to 3,000 meters and reaching a top speed of 250 km/h. JetRacer can move at speeds up to 250 km/h.

“JetRacer is built on a lightweight and modular chassis, which allows it to meet a variety of needs, both civilian and military, as well as be remotely controlled,” Zapata’s official website says. “All critical systems are designed to provide an extremely high level of safety: propulsion, control, power supply, etc.”

The JetRacer is designed to keep flying even if two out of ten engines fail. Zapata is working on two additional JetRacer prototypes, with plans to sell the machine to individuals, businesses, security agencies and the military.

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