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Posted February 08, 2021

Ray Blanco

By Ray Blanco

Tesla Buys Bitcoin

With the GameStop fiasco nearly in the rearview mirror, we look ahead to the tech trends that could majorly impact the road ahead

From space tech to vaccines to EVs to cryptocurrency

Weve got you covered.

Heres whats on my radar this week

  1. Automotive Innovation Gains More Steam

GM, the worlds largest automaker, has announced that they plan to go carbon-neutral by 2040.

Tesla, once a fledgling company with big promises, now is a fully functioning profit-maker for Elon Musk.

And now everyone is trying to get ahead of the game with self-driving cars on top of all of it.

Ford for instance recently made a huge announcement that they are committing $29 billion through 2025 for the development of EVs and self-driving cars.

The future is here, and it looks amazing.

  1. Another Vaccine Soon to Debut

Johnson & Johnson just applied for emergency authorization for its single-shot vaccination.

This comes on the heels of a successful authorization of vaccines around the world from Moderna and Pfizer.

They promise to deliver 100 million doses to U.S. citizens by the first half of 2021.

If approved, this could majorly fill the demand for vaccines, and would result in opening back up the economy a lot sooner.

  1. Bitcoin Gets Another Investor

Today, Bitcoin prices shot up passed $40,000 as Tesla announced that it bought $1.5 billion of the cryptocurrency.

Their reasoning was for more flexibility to further diversify and maximize returns on our cash.

Furthermore, theyve opened up customers to purchase Tesla models with Bitcoin a huge step forward for the cryptocurrency.

With PayPal and now Tesla on board

The future looks bright for the cryptocurrency.

  1. SpaceX Snags Another Contract

SpaceX awed the world last year being the first private company to send astronauts to and from the ISS.

With that behind them theyve become a trusted partner of NASA.

Now NASA wants them to send up another one of their systems.

And this one may help us understand how the universe evolved and what combination of elements create life.

  1. More Fallout From Last Weeks Trading Debacle

Through the entirety of GameStops trading fiasco

Robinhood was exposed for its business when it shut town trading on names like AMC and GME.

Customers were rightfully angered and left thousands of 1-star reviews for the app.

And on top of it all, Robinhood now finds itself at the subject of over 30 class-action lawsuits.

The result of which could end Robinhood as we know it.

Thats everything Im looking at this week. What caught your eye?

Shoot me an email at AskRay@SevenFigurePublishing.com to let me know what youre following.

To a bright future,

Ray Blanco

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