Elon Musk predicted that the company’s commodity costs will begin to decline. Federal Reserve has been raising interest rates in an effort to contain inflation. On Saturday, August 6, Tesla CEO Elon Musk held a shareholders’ meeting and gave some optimistic information regarding the world economy. As inflationary pressures begin
While Dogecoin generates 5 billion, Bitcoin has produced 21 million BTC in a year. Despite whether Bitcoin is bullish or bearish, Tesla has stopped accepting its payment. As the ultimate cryptocurrency meme coin, Dogecoin was developed. But the founder of SpaceX and Tesla, who is also the world’s richest individual,
Elon Musk filed a lawsuit against the social media company, Twitter. Musk backed out from the $44 Billion deal as he had no access to internal records. On Friday, the company share ended at $41.61. Earlier this month, Elon Musk filed paperwork stating that he pulled back his transaction of
The costs and expenses were disclosed by Twitter in its 10-Q filing to the SEC. Twitter sets date for shareholders to vote on the Elon Musk acquisition. Twitter reported expenses of $33.1 million for the second quarter due to the merger, which is battling with Elon Musk, after he declared
Tesla retains $936 million in its balance sheet after selling BTC holdings. In the previous year, Tesla invested $1.5 billion in BTC. On Wednesday, Tesla Inc revealed in a letter to its shareholders, that the company has sold about 75% of its Bitcoin holdings, adding the amount of $936 million
In 2018, a sexual harassment case was filed against Tesla’s CEO. A lawsuit against Musk for promoting Dogecoin is in proceedings. Twitter reportedly wants to take legal action against Tesla and SpaceX CEO Elon Musk over the decision of terminating the 44 billion dollar deal. And appoints the New York
The twitter $44 billion deal has been terminated by the Musk Party. The reason stated is the breach in certain sections as per the merger agreement. Elon Musk officially sent a notice stating his termination from the Twitter deal to the chief legal officer of Twitter on July 8. This
Elon Musk’s Tesla loses $440 million. Tesla accumulated $1.5 billion in Bitcoin in 2021. Tesla is facing a decline of $440 million in its bitcoin holdings after a massive fall in the digital currency’s value. Bitcoin has been downtrend for the past few months. This is bad news for Tesla,
The price of DOGE has increased from $0.0587 to $0.0767 in just a week. The trading volume in the last 24 hrs is accounted to be 108.96%. The meme cryptocurrency, Dogecoin has attained a price surge of around 35% in the last one week. According to CMC, the previous Monday
Twitter board accepts Elon Musk’s $44 Billion deal. Elon Musk owns the majority of Twitter shares. Each share of Twitter to possess a profit of $15.22. Elon Musk’s bid to acquire the top most social media, Twitter has finally been fulfilled. Yes, unofficial sources confirm that the board of members
