Crypto Entrepreneurs Fail To Capture Elon Musk’s Attention With A $600,000 Goat Statue

Crypto Entrepreneurs Fail To Capture Elon Musk’s Attention With A 0,000 Goat Statue

AUSTIN, Texas—Even as a cold night began to settle outside Tesla’s headquarters here on Saturday, a group of cryptocurrency entrepreneurs had no plans to leave until Elon Musk, the man they called their coin, accepted a sculpture of 12,000 pounds of a Mr. Musk-headed goat mounted on a rocket. It’s the latest gimmick in the … Read more

Carvana faces a cash crunch due to high debt and rising interest rates

Carvana faces a cash crunch due to high debt and rising interest rates

caravan Co. CVNA -3.13% The used-car dealer that was a winner from the pandemic scrambles to conserve cash as once-plentiful financing options dry up and business deteriorates. On Friday, Carvana laid off about 1,500 people, its second round in six months. His weakened finances mean raising funds would be difficult and expensive, and he could … Read more

The collapse of Carvana, the ‘Amazon of used cars’, continues

The collapse of Carvana, the ‘Amazon of used cars’, continues

The sky does not clear up for Carvana. On the contrary, big clouds continue to hang over the company that was one of the big winners of the covid-19 pandemic, with massive growth. Since announcing its quarterly results on November 3, Carvana (CVNA) – Get a free report the shares have lost 44% of their … Read more