CryptoNews

Coinbase Turns the Tide: Q3 Earnings Show Net Profit Amid Crypto Market Slump – Bitcoin News

November 4, 2023
In the third quarter, Coinbase outperformed expectations despite the extended crypto market slump by recording favorable net income and adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA). In their most recent shareholder letter, the publicly-traded cryptocurrency exchange disclosed a net income of $2 million and an adjusted EBITDA of $181 million for the quarter…
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Cleantech & EV'sNews

Podcast: Tesla Cybertruck update, UAW strike ends, Chevy Equinox EV pricing, and more

November 3, 2023
On the Electrek Podcast, we discuss the most popular news in the world of sustainable transport and energy. In this week’s episode, we discuss an update on the Tesla Cybertruck, the UAW strike ending, Chevy Equinox EV pricing being released, and more. The show is live every Friday at 4 p.m. ET on . As a reminder, we’ll have an accompanying post, like this one, on the site with an embedded…
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Cleantech & EV'sNews

Ferrari says its first electric vehicle is ahead of schedule after a big step forward in Q3

November 3, 2023
As one of the most recognized supercar brands globally, many wonder when we will see a fully electric Ferrari hit the streets. According to CEO Benedetto Vigna, development on the first Ferrari EV is ahead of schedule. The first Ferrari EV is coming… in 2025 The first Ferrari EV is still two years away, but the Italian sports car maker is progressing faster than expected. Vigna explained…
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Cleantech & EV'sNews

NIO to trim workforce by 10% amid 'fierce competition' in the EV market

November 3, 2023
Chinese EV startup NIO revealed it will trim staff positions by 10% this month to improve profitability. NIO’s CEO, William Li, announced the news in an internal memo Friday, citing “fierce competition” in the EV market. According to the memo, reviewed by Bloomberg, NIO will trim its staff by 10% in November. Li said “duplicate” and other “inefficient” roles will be cut. In…
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