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Tesla

 

In what is being seen as a bold and promising move towards a sustainable Earth where there are less pollutants in the environment, here’s some good news in that direction.

The renowned Electric car maker Tesla has announced that it had delivered a record high of 1.3 million vehicles last year. This is about 40% more when compared to the sales in 2021. However, the company, owned by billionaire Elon Musk has lagged behind in terms of Wall Street sales forecasts involving the last few months of the year.

The company's shares fell by about 12% on Tuesday after this update which comes on the back of significant Covid as well as supply chain related challenges the company faced throughout 2022. Despite these challenges, the record sale of electric vehicles is being seen as a positive move towards a greener transport means.

Strong Crypto Warning Issued Again?

Crypto

In what is being seen as a dire notification, the US regulators have reportedly announced their first ever joint warning to the banks regarding the wide range of risks that is associated with the crypto currency market.

The watchdogs have informed financial institutions to be cautious due to issues such as potential fraud, legal uncertainty as well as misleading disclosures being made by digital asset firms. Banks are also being warned regarding the contagion risk from this sector. The warnings come within two months following the collapse of trading platform FTX that stunned the entire crypto industry.

This was issued in a joint statement by the US Federal Reserve, Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency who also announced that they are now closely monitoring the crypto related activities of banking organisations.


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