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Tesla Announces Car Insurance Facilities for its Owners

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Tesla car insurance

After much speculation, automobile manufacturer Tesla has finally made an announcement regarding their new car insurance offering. The Chief Executive Officer of the company, namely Elon Musk, had dropped in a teaser regarding the same earlier in April this year. According to the description provided by the company, the new car insurance offering is designed to provide a competitive price and ensure that Tesla owners have at least up to 20 percent lower rates. What’s more? Some cases might even receive the opportunity to enjoy as much as 30 percent lower rates. However, this varies from case to case. 

According to a report published by TechCrunch, Tesla’s insurance is expected to be available in California. Following which, they are expected to enable the offering’s expansion to other U.S. states in the upcoming future. However, at the same time, there is no timetable established for everyone to refer to as yet. According to what Musk had earlier claimed, the automobile manufacturer would be able to offer numerous vast discounts for its owners as far as their offering is concerned.

One of the main reasons that this has been implemented is because the company already has a wide amount of access to reams of data. Each of the procedures consisted of this procedure. The organization had – in a blog post – briefly spoken about the insurance product that Tesla will be offering. As per what Tesla stated, the company’s numerous advanced safety features which include ‘Autopilot’ has ended up contributing well to the lower costs that have been put in place. 

As can be recalled, Musk earlier in April stated that they have decided to make optimum use of the “information arbitrage opportunity” that they have in mind. It is through this that they will be able to gain direct knowledge of the risk profile of customers. He further went on to add that anyone who’d be interested in purchasing the Tesla insurance, would essentially be required to agree to the terms and conditions that entail them to not drive in a “crazy way.” Of course, if they want to drive in a “crazy way” then they would have to face insurance rates that are much higher than the normal ones. Tesla has explained that they will not be requiring any of the users to utilize or record vehicle data. Therefore, minute details such as GPS or vehicle camera footage, are not required to be shared with Tesla.

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VYGVF’s Stock Price Decreased by 16.08%: Here’s How it Happened

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Voyager Digital Ltd.’s stock price was trading at $23.02 on 7th April, 2021. A loss of 16.08% or $4.41 from the previous closing price, $27.43 (6th April) occurred. On April 5th, the price went up to $29.41 and has been on a downfall since. The range was between $22.90 – $27.43 on April 7th.

Voyager Digital Ltd.(VYGVF) is a publicly-traded holding company, whose subsidiaries operate a licensed crypto-asset platform that provides investors with a turnkey solution to invest in and trade crypto assets, is pleased to provide stakeholders with a business update for the month ended March 31, 2021. The stock price of Voyager Digital Ltd.(OTCMKTS: VYGVF) has been on a steady decline for the last two days. The price went as low as $22.06, which was also the closing price on 7th April. Voyager Digital Ltd.(CSE: VYGR) also achieved their all time high price, trading at $29.00 on 5th April.

Voyager Digital ltd. (OTCMKTS: VYGVF CSE:VYGR) announced the following key metrics as of March 31, 2021:

  • Assets Under Management (AUM) exceeded US$2.4 billion
  • Total Funded Accounts at the end of March 2021 were over 270,000
  • Total Verified Users on the platform were over 1 million

Key monthly operating metrics for January through March 2021 are as follows:

March 2021 February 2021 January 2021
Net Deposits $650M $400M $170M
New Funded Accounts 95,000 70,000 65,000
New Verified Users 395,000 190,000 250,000
Principal Value traded $2.5B $1.6B $840M

All figures are preliminary and unaudited and subject to final adjustment. All amounts are in U.S. dollars, unless otherwise indicated.

“March was another record-setting month for Voyager as our retail-focused, zero-commission platform continued to attract an active community for both Bitcoin and our industry leading offering of over 50 altcoins,” said Stephen Ehrlich, Co-Founder and CEO of Voyager ( OTCMKTS: VYGVF CSE:VYGR). “All of our significant revenue-driving metrics increased in excess of 35% during the month of March from the previous month. As demand continues to accelerate for the Voyager Platform, we are enhancing our infrastructure to meet this swiftly growing demand and accommodate anticipated future growth as we expand our suite of offerings in the coming years.”

Mr. Ehrlich concluded, “Our management team is focused on the long-term opportunity to capture significant market-share within this rapidly expanding industry. The initiatives we are embarking on, such as adding new products to our platform and further geographic expansion, are designed to competitively position Voyager for long-term success. We will continue to execute on these initiatives and look forward to providing our investors another update on our next quarterly conference call.”

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AFTPY Stock Prices Increased By 8.30%: Here’s Why It Happened

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Afterpay Limited’s (OTCMKTS: AFTPY)’s stock price increased by 8.30%. The price has been fluctuating for the last week a lot. It was $80.57 when the market closed on 1st April and $82.00 when the market closed on 5th April. On the 6th, the price hiked to $88.81. The price during the opening and closing of the market on the 6th was 87.68 and 88.81 respectively. The price hiked by $6.81 over the last two days.

Sarah-Jayne Smith, CEO of Magpies & Peacocks said: “At Magpies & Peacocks we always ask ourselves how we can look at a solution from the perspective of People, Planet, and Profit – how can we tackle something head-on sustainably by doing right by it socially, environmentally and economically. It is a mindset we apply to all things, no matter how small – everything from the products we create or buy, and how we teach a skill, through to our carbon footprint as a non-profit organization. It can create a tremendously influential ripple, not only in winning hearts and minds but in affecting real change. We are thrilled to partner with Afterpay as part of that process and are humbled to be part of their Top Up Donation program.”

Afterpay Limited (OTCMKTS: AFTPY) is transforming the way we pay by allowing customers to receive products immediately and pay for their purchases over four installments, always interest-free. The service is completely free for customers who pay on time – helping people spend responsibly without incurring interest or fees when you pay on time. As of December 31, 2020, Afterpay is offered by nearly 75,000 of the world’s favorite retailers and is used by more than 13 million active customers globally.

Afterpay (OTCMKTS: AFTPY) is currently available in Australia, Canada, New Zealand, the United States, and the United Kingdom, France, Italy, and Spain, where it is known as Clearpay. Afterpay is on a mission to power an economy in which everyone wins.

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AMC stock price bounced back( 13.35% growth): Here’s Why it happened

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AMC ( NYSE:AMC ) ’s stock price increased by 13.35% on 5th April 2021. The price increased from $9.36 to $10.61 within one day. B. Riley analyst Eric Wold said it’s time to buy, citing an improving balance sheet outlook and as a strong opening weekend for ‘Godzilla vs. Kong’ pointed to a resurgence in demand.

 

AMC(NYSE:AMC) announced that the movie theater chain’s stock AMC, +13.35% bounced 14.6% in afternoon trading, following a 32.8% tumble in the meme stock over the past two weeks.

 

Wold raised his rating to buy from neutral and boosted his price target to $13, which was 39% above Thursday’s closing price, from $7.

 

“We have remained impressed with management’s ability to weather the pandemic headwinds by both strengthening the balance sheet and negotiating with landlords to improve the cash runway into 2022,” Wold wrote in a note to clients. “And as the largest exhibitor in North America that also operates the highest number of IMAX screens, we view AMC as well positioned to benefit from the industry’s projected resurgence and return to pre-pandemic attendance levels by 2023.”

 

Wold said, “although the North American theater base is only about 60% open, and with seating capacity limitations averaging from 25% to 50%, the movie still took in about $48.5 million in domestic box office revenue. That compares with the $47.8 million that ‘Godzilla: King of the Monsters’ opened with in May 2019.”

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