Tesla is lowering Cybertruck prices and introducing a cheaper variant in the US as demand for its electric pickup weakens and competition intensifies. The companyTesla is lowering Cybertruck prices and introducing a cheaper variant in the US as demand for its electric pickup weakens and competition intensifies. The company
Elon Musk's Tesla launches cheaper Cybertruck
Tesla is lowering Cybertruck prices and introducing a cheaper variant in the US as demand for its electric pickup weakens and competition intensifies. The company unveiled a new dual motor all wheel drive Cybertruck priced at $59,990. It also reduced the price of its premium Cyberbeast model to $99,990 from $114,990. The changes reflect Tesla’s broader strategy of lowering entry prices to attract buyers without waiting for a new mass market vehicle, while adjusting to slower electric vehicle demand and shifting market conditions. Late last year, head of Tesla's Cybertruck program, Siddhant Awasthi, announced his departure from the EV maker. Cheaper model Tesla’s new dual motor all wheel drive Cybertruck introduces a lower priced option to its pickup lineup. At $59,990,…
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Crypto execs met with US lawmakers to discuss Bitcoin reserve, market structure bills
Lawmakers in the US House of Representatives and Senate met with cryptocurrency industry leaders in three separate roundtable events this week. Members of the US Congress met with key figures in the cryptocurrency industry to discuss issues and potential laws related to the establishment of a strategic Bitcoin reserve and a market structure.On Tuesday, a group of lawmakers that included Alaska Representative Nick Begich and Ohio Senator Bernie Moreno met with Strategy co-founder Michael Saylor and others in a roundtable event regarding the BITCOIN Act, a bill to establish a strategic Bitcoin (BTC) reserve. The discussion was hosted by the advocacy organization Digital Chamber and its affiliates, the Digital Power Network and Bitcoin Treasury Council.“Legislators and the executives at yesterday’s roundtable agree, there is a need [for] a Strategic Bitcoin Reserve law to ensure its longevity for America’s financial future,” Hailey Miller, director of government affairs and public policy at Digital Power Network, told Cointelegraph. “Most attendees are looking for next steps, which may mean including the SBR within the broader policy frameworks already advancing.“Read more
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Coinstats2025/09/18 03:30
PCE Data Sparks Tensions: A Key Day for Bitcoin
Bitcoin is hovering at $67,000 as the financial world awaits the latest release of the Personal Consumption Expenditures (PCE) data, considered the Federal Reserve
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Coinstats2026/02/20 21:45
US inflation in December exceeded expectations, causing US stocks to open lower.
PANews reported on February 20th that at the opening of US stock markets, the Dow Jones Industrial Average fell 0.23%, the S&P 500 fell 0.28%, and the Nasdaq Composite
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PANews2026/02/20 22:30