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All news by: Marco de Matos, Anchor Research

Tesla Invests in Bitcoin

Electric vehicle (EV) and battery manufacturer, Tesla has invested US$1.5bn in cryptocurrency, bitcoin and will have made a c. US$1bn paper profit from this investment, according to a report by Wedbush Securities. Marco de Matos has a closer look. 

Alibaba Affiliate Ant Group’s Listing Could Be the World’s Largest IPO

Alibaba affiliate, Ant Group’s (Ant’s) listing could turn out to be the biggest initial public offering (IPO) in history as it chases a valuation that would rival the world’s biggest payment firms.

Tesla’s Energy Storage Business’ Revenue Contribution Could Soar over the Next Decade

Known for its electric vehicles, expectations are that Tesla’s energy storage business segment has enormous growth potential. It is estimated that this segment’s revenue contribution could jump from FY19’s $1.5bn to an impressive $12.4bn by FY23, crossing the $200bn revenue mark by FY33.