Elon Musk, the CEO of Tesla Inc. and Twitter, has descended from the no.1 spot to become the world’s second richest person. His tragic loss of over $200 billion in a year gets recorded in the Guinness World Records as “ the largest loss of personal fortune in history.” According
Paul Krugman, the Nobel Prize-winning economist compares Elon Musk’s Tesla stock with Bitcoin (BTC). In an opinion piece recently published in the New York Times, Krugman stated that Tesla has more in common with the dominant currency of the global crypto market. He also expressed that both assets’ prices are based
Elon Musk, the CEO of Tesla, claims that he will not sell any more Tesla stock shares for around two years. During a Twitter Spaces audio chat held on Thursday, Musk disclosed that the economy will be in a severe recession in 2023, with decreasing demand for big-ticket items. Elon
Tesla’s net income (GAAP) for the third quarter of 2022 was $3.33 billion. In the third quarter, Tesla (TSLA) didn’t sell any of its bitcoin holdings. Tesla reported adjusted earnings per share of $1.05, exceeding the $1.00 consensus of analyst estimates submitted to FactSet, on revenue of $21.45 billion, falling
Elon Musk’s Boring Company now accepts Dogecoin as payment. Tesla already accepts DOGE for some merchandise. Elon Musk’s underground tunneling system company, The Boring Company, has expanded its operations by launching a new perfume. Musk recently revealed in a tweet that the Company has launched an unusual product, a fragrance
Musk asserted that current humanoid robots are missing a brain. According to Musk, Tesla should achieve full self-driving this year. Elon Musk, the CEO of Tesla , demonstrated a prototype of its humanoid robot Optimus on Friday and forecast that the electric vehicle manufacturer would be able to produce millions
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
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,
Billy Markus made a tweet describing his opinions on crypto and its users. Elon Musk replied to the tweet showing the support and mentioned it to be currency-like. The Dogecoin co-founder Billy Markus has made a tweet describing his wish for the dogecoin and the community which follows it. And
An American DOGE investor has demanded $258 billion from Musk. Dogecoin trading requested to be added to gambling under NY Law. A Dogecoin investor has filed a case against Elon Musk along with Tesla and SpaceX. The key factor for the charge is considered to be the loss cost to
