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” ‘Hold my beer’ — Terra already up $165M from buying Bitcoin as BTC stash nears Tesla “ Bitcoin (BTC) has already netted its biggest new buyer almost $200 million in profit from price increases, data suggests. Analysis of the wallet related to Blockchain protocol Terra reveals that since it began amassing BTC in Q1…
“Tesla signs secret nickel supply deal with Brazil’s Vale: report” Tesla has signed an undisclosed deal with Brazilian mining company Vale for the supply of nickel to the electric car maker, Bloomberg News reported on Wednesday, citing sources. The price of nickel, which is essential to making batteries for electric vehicles, had been rising steadily…
“Elon Musk slams UAW over embezzlement scheme” Elon Musk reiterated his view that Tesla employees are better off without union representation after a former United Auto Workers official pleaded guilty to siphoning more than $2 million from the leading union. Timothy Edmunds, the former financial secretary-treasurer of one of the UAW’s Detroit-area branches, copped to…
“Tesla, SpaceX may have ‘died’ if wealth tax existed in 2008” Elon Musk has slammed the White House’s plan to impose a “billionaires’ tax” on the wealthiest Americans – claiming that his companies likely wouldn’t have survived if the levy had been in place following the 2008 financial crisis. The so-called “Billionaire Minimum Income Tax”…
” Terra smash buys $139M Bitcoin, wallet reaches 31,000 BTC “ Watch out Michael Saylor! Do Kwon, the CEO of Terraform Labs is hot on the Microstrategy CEO’s heels. The Terra wallet has now amassed almost $1.5 billion in Bitcoin (BTC) following another huge BTC purchase. The wallet address thought to belong to Terra (while…
“Elon Musk likens himself to Eminem in legal battle with SEC” Elon Musk compared himself to the foul-mouthed rapper Eminem in a court filing, alleging that the Securities and Exchange Commission is running roughshod over his First Amendment rights as it clamps down on his Twitter habit. The billionaire Tesla CEO’s Tuesday legal salvo cites…
“Elon Musk reveals 3 biggest existential threats to humanity’s survival” Tesla founder Elon Musk has identified what he views as the three most significant existential threats facing humans – with falling global birthrates at the top of the list. The billionaire, who has spoken extensively about his belief that humans aren’t having enough children, reiterated…
“Elon Musk mum on Tesla’s China COVID closure after ‘fascist’ quip” When California shut down a Tesla factory during the outbreak of the coronavirus in spring 2020, Elon Musk griped that state health authorities were being “fascist” and should “give people back their godd—n freedom.” But now that China is doing the same thing, the…
“Tesla shares soar after electric car maker announces stock split” Shares of Tesla were up by more than 6% in early trading on Monday after Elon Musk’s electric car maker announced plans to split its stock. Tesla will ask its shareholders to approve a plan to increase the number of its authorized shares, according to…
“Elon Musk blasts Twitter, might create rival social network” Elon Musk said he is “giving serious thought” to creating a social media platform that would compete with Twitter, saying that the latter has been stifling free speech. “Free speech is essential to a functioning democracy. Do you believe Twitter rigorously adheres to this principle?” Musk…