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Elon Musk makes crypto jump after his tweet says Telsa will allow Bitcoin when mining becomes clean

Elon Musk tweeted that his electric car company Tesla will resume allowing Bitcoin transactions when miners who verify transactions use more renewable energy. “When there’s confirmation of reasonable (~50 percent) clean energy usage by miners with a positive future trend, Tesla will resume allowing Bitcoin transactions,” he said in a tweet on Sunday. Bitcoin surged […]

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World

Elon Musk is ‘another rich dude desperate for attention’: Hacktivist target Tesla CEO for playing games with crypto market

A decentralised international hacktivist group, Anonymous, has threatened Tesla CEO Elon Musk to “expect” them, saying the games played by the entrepreneur with crypto markets seemed to have destroyed lives. In a video posted on the Facebook page of Anonymous, the hackers said that the “carefully curated” image of Elon Musk is getting exposed, and […]

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World

US to deport Russian man who got caught attempting to hack into Tesla’s Nevada battery plant

Russian man who tried to hack into Tesla plant in the United States would be deported back. Egor Igorevich Kriuchkov, was sentenced on Monday to what amounted to time already served and will be deported from the United States after pleading guilty to trying to pay a Tesla employee $500,000 to install computer malware at […]

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Business

Elon Musk hints at Tesla holding onto Bitcoin despite crash 💎

The market value of Tesla Inc’s bitcoin holdings fell by half to $1.26 billion, close to the electric car maker’s purchase cost, as the cryptocurrency’s value plunged following a crackdown by the Chinese government. On Wednesday Chief Executive Elon Musk signalled that the company still is not selling, tweeting symbols for diamond hands to his […]

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Business Insane

Elon Musk loses 2nd richest tag to Louis Vuitton’s Bernard Arnault as Tesla stocks tumble

Elon Musk, Tesla Inc.’s chief executive officer lost his spot as the world’s second-richest person to LVMH Chairman Bernard Arnault as the electric vehicle-maker’s shares fell 2.2% amid fresh signs of trouble in its China business. Musk, who held the top spot in the Bloomberg Billionaires Index as recently as March, now has a fortune […]

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Social Media Reactions

Elon Musk hints at Tesla ‘dumping’ Bitcoin holding worth $1.5 billion

Billionaire Elon Musk has hinted that Tesla could have dumped the remainder of its Bitcoin holdings in a cryptic tweet posted on Sunday. Tesla bought about $1.5 billion worth of Bitcoin back in February, around the time it announced it would accept the cryptocurrency as payment for its products. However, it was revealed earlier this […]

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Insane

Tesla driver arrested after cops spot him driving Tesla on autopilot from backseat

A Tesla driver in California was arrested after he was snapped driving down sitting at the backseat of his ‘autopilot’ car. The Golden Gate division of the California Highway Patrol arrested 25-year-old Param Sharma for ‘reckless driving’ and disobeying the police officer. His Tesla car was also towed as evidence for the investigation. On May […]

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Business World

Elon Musk’s Tesla suspends vehicle purchase using Bitcoin due to climate concerns

Tesla has suspended vehicle purchases using bitcoin due to climate change concerns, its CEO Elon Musk said in a tweet. Bitcoin fell by more than 10% after the tweet, while Tesla shares also dipped. Tesla’s announcement in March that it would accept the cryptocurrency was met with an outcry from some environmentalists and investors. The […]

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Business

Tesla’s poor sales performance in China worries investors

Tesla’s poor performance in China has worried investors. The electric car leader sold fewer than 26,000 cars in China in April, down 27% from March, according to figures released by the China Passenger Car Association. However. local electric vehicle manufacturers Nio, Xpeng, and Li Auto, all reported improved domestic sales. Tesla was the target of […]

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Business

Tesla stocks jump after asset management company predict $3,000 stock price by 2025

The share price of Tesla jumped over 6 percent on Monday, getting a lift from a bullish report from Ark Invest, an influential shareholder in the electric car maker. Ark Invest said in a report on Friday that it expects Tesla’s stock price to more than quadruple to $3,000 by 2025. Tesla was last trading […]

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Business World

Tesla would be ‘shutdown’ if it spied on China: Elon Musk

Tesla chief executive Elon Musk has said his firm would be “shut down” if its vehicles were used for spying on China. His comments came in response to reports that China’s military had banned Tesla cars from its facilities. The military had raised security concerns about the data collected by cameras installed in the cars. […]

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Business World

Man sues Elon Musk for erratic Tesla tweets costing billions of dollars in losses

Tesla Chief Executive Elon Musk has been sued by a shareholder who accused him of violating his 2018 settlement with the US Securities and Exchange Commission over his Twitter use. According to a complaint unsealed late Thursday in Delaware Chancery Court, which also names the electric car company’s board as defendants, Musk’s “erratic” tweets and […]