America: Land of the (Not Really) Free

Tesla Surges After Beating Expectations, Says "Rebound Of Demand" For EVs Heading into today's TSLA earnings, Wall Street was braced for a miss, with debate only around how big it would be. Well, it wouldn't be an Elon Musk joint if there wasn't some big twist, and sure enough, the stocks is soaring after hour on what can only be described as a very big, and very unexpected beat. Here is what the company reported for the first quarter: Rev. $22.39B, beating Est. $22.19B Adj EPS 41c, beating Est. 34c, the second straight quarter Tesla’s...

Revised CLARITY Act Targets 'Non-Decentralized' DeFi Operators Authored by Ezra Reguerra via Cointelegraph, A revised version of the CLARITY Act would direct United States regulators to determine whether people or groups controlling "non-decentralized finance trading protocols" must comply with securities, commodities and anti-money laundering (AML) requirements. The revised text, posted on Senator Cynthia Lummis' website, defines such a protocol as one whose functionality, operation, or rules can be materially altered by a person or coordinated group. The definition also covers protocols whose controllers can restrict users or whose transactions are not governed...

Texas Energy Giant Oncor Supports Governor's Data Center Freeze By Emma Penrod of UtilityDive.com About 44 GW of large load projects slated for Oncor’s service territory qualified for ERCOT’s new “Batch Zero” interconnection process for large loads, company executives told analysts during a Thursday earnings call. But the timeline for that process is uncertain following an order by Texas Gov. Greg Abbott that paused new data center interconnection approvals pending a state-wide audit. ERCOT’s criteria for Batch Zero, which include new financial and technical requirements for loads with a peak demand of 75 MW...