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close video Tesla will lead EV market for ‘quite some time’: R ‘Ray’ Wang

Constellation Research founder R ‘Ray’ Wang joins ‘Varney & Co.’ to discuss Tesla shares following their record revenue and earnings report.

Elon Musk added another $11.98 billion to his bank account over the last week, as tracked by the Dow Jones Market Data Group.

The most recent filings show Musk holds 423,622,000 shares in Tesla worth $53.87 billion as of close of trading on Jan.19. The total value of those holdings jumped to $67.89 billion based on Thursday’s closing price.

The weekly total doesn’t account for Musk’s other assets and liabilities as CEO of SpaceX and Twitter, founder of The Boring Company, and co-founder of Neuralink and OpenAI. Forbes lists Musk’s overall worth at $168.7 billion. 

ELON MUSK CHANGES TWITTER NAME TO 'MR. TWEET' AND NOW CAN'T CHANGE IT BACK

Tesla .Ticker Security Last Change Change % TSLA TESLA INC. 160.27 +15.84 +10.97%

Tesla is up nearly 25% over the past five days and up 48% since the start of the year. The stock remains the Nasdaq 100's best performer, despite being down approximately 42% lower over the past year.

Shares have also rallied the last month, revving almost 30% into the green. Tesla is currently on its longest winning streak since Sept.12, 2022, when it rose for five straight trading days.

TESLA POSTS Q4 FINANCIAL RESULTS, CEO ELON MUSK WEIGHS IN ON EARNINGS CALL

Photo illustration of Elon Musk in front of Tesla logo (Getty Images / Getty Images) Fourth quarter earnings

In its latest earnings release on Wednesday, Tesla said it generated about $24.32 billion in fourth-quarter revenue, marking a 37% increase from the same three-month period last year. The company’s profits saw a roughly 59% jump from 2021’s Q4 to $3.7 billion, while its adjusted earnings per share came in at $1.19.

Refinitiv estimates for revenue and earnings per share were $24.16 billion and $1.13 respectively, meaning Tesla came in higher on both.

The company said in early January that its vehicle production for the quarter came in at over 439,700 vehicles. Meanwhile, its deliveries were nearly 405,300.

TECH LAYOFFS CONTINUE AS IBM, SAP ANNOUNCE MASSIVE CUTS

Tesla Gigafactory Texas on Jan. 17. The company saw a 37% spike in delivery growth the last three months of 2022. (Courtesy Jeff Roberts Twitter)

Musk praised the Tesla team during the earnings call for its performance "despite the fact that 2022 was an incredibly challenging year due to forced shutdowns, very high interest rates and many delivery challenges."

"Thus far in January, we’ve seen the strongest orders year-to–date than ever in our history. We’re currently seeing orders at almost twice the rate of production," he said. 

Musk noted it was "hard to say" whether that will continue.

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FOX Business reporter Aislinn Murphy contributed to this article. close video Can Elon Musk deliver on Tesla?

The Future Fund managing partner Gary Black provides insight on investing in the electric vehicle company on ‘Making Money.’

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Protesters throw powder on Tower Bridge during London Marathon

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Protesters throw powder on Tower Bridge during London Marathon

Two pro-Palestinian demonstrators have thrown red powder on Tower Bridge – just moments before leading runners in the London Marathon went past.

The protesters were arrested on suspicion of causing a public nuisance and remain in custody, said the Metropolitan Police.

A video shared by Youth Demand, which is calling for a trade embargo on Israel, shows two people jumping over a barrier that separates spectators from the race course.

The pair, wearing t-shirts that say “Youth Demand: Stop Arming Israel”, are then seen standing in the middle of the road on the bridge.

Pic: LNP
Image:
Pic: LNP

They throw red powder in the air as an official marathon car goes past displaying the race time.

A motorbike with a cameraman on board continues along the route, while a second motorbike stops and one of the riders gets off and pushes the pair out of the way, just before the men’s elite runners pass.

Several police officers then jump over the barrier and detain the pair, the footage shows.

More on London Marathon 2025

There appeared to be no impact on the marathon.

More than 56,000 participants were expected to take part in the 26.2-mile race through the capital.

Sabastian Sawe of Kenya won the men’s elite race in a time of two hours, two minutes and 27 seconds, while Ethiopia’s Tigst Assefa shattered the women’s-only world record in two hours, 15 minutes and 50 seconds.

Assefa beat the previous best of two hours, 16 minutes and 16 seconds set last year in London by Kenyan Peres Jepchirchir.

Read more:
Sky’s Beth Rigby running marathon in honour of ‘dearest friend’
Badenoch does not rule out local coalitions with Reform

Pic: LNP
Image:
Pic: LNP

The Metropolitan Police said in a statement: “At around 10.38am, two protesters from Youth Demand jumped over barriers at Tower Bridge and threw red paint on to the road.

“Marathon event staff intervened to remove the protesters from the path of the men’s elite race which was able to pass unobstructed.”

The force added that they were “quickly supported by police officers who arrested the protesters on suspicion of causing a public nuisance”.

The Met said the paint “appeared to be chalk-based” and was not expected to “present a hazard to runners yet to pass this point”.

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Business

Chair candidates battle to check in at Premier Inn-owner Whitbread

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Chair candidates battle to check in at Premier Inn-owner Whitbread

Two chairs of FTSE-100 companies are vying to succeed Adam Crozier at the top of Whitbread, the London-listed group behind the Premier Inn hotel chain.

Sky News has learnt that Christine Hodgson, who chairs water company Severn Trent, and Andrew Martin, chair of the testing and inspection group Intertek, are the leading contenders for the Whitbread job.

Mr Crozier, who has chaired the leisure group since 2018, is expected to step down later this year.

The search, which has been taking place for several months, is expected to conclude in the coming weeks, according to one City source.

Ms Hodgson has some experience of the leisure industry, having served on the board of Ladbrokes Coral Group until 2017, while Mr Martin was a senior executive at the contract caterer Compass Group and finance chief at the travel agent First Choice Holidays.

Under Mr Crozier’s stewardship, Whitbread has been radically reshaped, selling its Costa Coffee subsidiary to The Coca-Cola Company in 2019 for nearly £4bn.

The company has also seen off an activist campaign spearheaded by Elliott Advisers, while Mr Crozier orchestrated the appointment of Dominic Paul, its chief executive, following Alison Brittain’s retirement.

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It said last year that it sees potential to grow the network from 86,000 UK bedrooms to 125,000 over the next decade or so.

Mr Crozier is one of Britain’s most seasoned boardroom figures, and now chairs BT Group and Kantar, the market research and data business backed by Bain Capital and WPP Group.

He previously ran the Football Association, ITV and – in between – Royal Mail Group.

On Friday, shares in Whitbread closed at £25.41, giving the company a market capitalisation of about £4.5bn.

Whitbread declined to comment this weekend.

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Politics

Bitcoin treasury firms driving $200T hyperbitcoinization — Adam Back

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Bitcoin treasury firms driving 0T hyperbitcoinization — Adam Back

Bitcoin treasury firms driving 0T hyperbitcoinization — Adam Back

Investment firms with Bitcoin-focused treasuries are front-running global Bitcoin adoption, which may see the world’s first cryptocurrency soar to a $200 trillion market capitalization in the coming decade.

Institutions and governments worldwide are starting to recognize the unique monetary properties of Bitcoin (BTC), according to Adam Back, co-founder and CEO of Blockstream and the inventor of Hashcash.

“$MSTR and other treasury companies are an arbitrage of the dislocation between the bitcoin future and todays fiat world,” Back wrote in an April 26 X post.

“A sustainable and scalable $100-$200 trillion trade front-running hyperbitcoinization. scalable enough for most big listed companies to move to btc treasury,” he added.

Hyperbitcoinization refers to the theoretical future where Bitcoin soars to become the largest global currency, replacing fiat money due to its inflationary economics and growing distrust in the legacy financial system.

Bitcoin treasury firms driving $200T hyperbitcoinization — Adam Back
Source: Adam Back

Related: Crypto sentiment recovers, but weekend liquidity risks remain

Bitcoin’s price outpacing fiat money inflation remains the main driver of global hyperbitcoinization, Back said, adding:

“Some people think treasury strategy is a temporary glitch. i’m saying no it’s a logical and sustainable arbitrage. but not for ever, the driver is bitcoin price going up over 4 year periods faster than interest and inflation.”

Back’s comments come nearly two months after US President Donald Trump signed an executive order to establish a national Bitcoin reserve from BTC forfeited in government criminal cases.

Related: Serbia’s Prince Filip says Bitcoin is being stifled, expects huge rally

Global firms continue Bitcoin accumulation

Continued Bitcoin investments from the likes of Strategy, the largest corporate Bitcoin holder, may inspire more global firms to follow suit.

Strategy’s approach is proving to be lucrative, with the firm’s Bitcoin treasury generating over $5.1 billion worth of profit since the beginning of 2025, according to Strategy’s co-founder, Michael Saylor.

Bitcoin treasury firms driving $200T hyperbitcoinization — Adam Back
Source: Michael Saylor

Japanese investment firm Metaplanet, also known as “Asia’s MicroStrategy,”  adopted a similar strategy, since surpassing 5,000 BTC in total holdings on April 24, Cointelegraph reported.

As Asia’s largest corporate Bitcoin holder, Metaplanet plans to acquire 21,000 BTC by 2026.

US financial institutions may also have more confidence in adopting Bitcoin after the US Federal Reserve withdrew its 2022 guidance discouraging banks from engaging with cryptocurrency. “Banks are now free to begin supporting Bitcoin,” Saylor said in response to the guidance withdrawal.

“Banks will now be supervised through normal processes, signaling a more open regulatory environment for digital asset integration,” Nexo dispatch analyst Iliya Kalchev told Cointelegraph.

Magazine: Altcoin season to hit in Q2? Mantra’s plan to win trust: Hodler’s Digest, April 13 – 19

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