Category Archives: Elon Musk

Elon Musk does not like investors and financiers to bet on Tesla's stock-market collapse.

Last May, the richest man in the world attacked Bill Gates, who formerly was the richest man in the world, because the Microsoft (MSFT) co-founder had a short position of $500 million against Tesla (TSLA) . Selling stock short is a bet that the price will drop.

"Sorry, but I cannot take your philanthropy on climate change seriously when you have a massive short position against Tesla the company doing the most to solve climate change," Musk recently wrote to Gates. It was the end of a discussion the two billionaires were having about working together for common causes.

The mogul later accompanied his criticism with an unflattering and cruel tweet aimed at Gates.

For the moment, Tesla is acclaimed by investors, since the maker of the Model 3 and Model S sedans is the world's sixth largest company by market value. Its market capitalization at last check was $901 billion. That gives Musk the last word.

But this position hasn'tprevented financiers from betting against him and Tesla.The latest: Scott Burg, chief investment officer of Deer Park Road Management, Steamboat Springs, Colo.

According to a recent Securities and Exchange Commission filing, Burg acquired put options on 4,786,400 Tesla shares as of June 30.The value of these derivative instruments was $3.3 billion as of June 30.

A put option grants the holder the right but not the obligation to sell shares of an underlying security on or before a specific date at a particular price. When an investor acquires a put option, they are bearish about the future performance of the underlying stock.

Tesla shares ended the second quarter at $673.42; at last check, they're trading around $863. Tesla shares have gained 28% since the end of the second quarter. This means Burg's bet hasn't paid off, at least not yet.

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The financier recently deleted his Twitter account after being contacted by Bloomberg News about this latest bet. The bet is not surprising, however, as Burg has been predicting the downfall of Tesla and Musk for many years now.

"Now Tesla will be squashed like a bug," the financierpredicted on Dec. 22, 2020.

Prior to deleting his account, Burg regularly posted messages on Twitter using the hashtag #TSLAQ. This symbol is used on social media by the most extreme critics of Musk and Tesla. They are convinced that the manufacturer of electric vehicles will go bankrupt. (The "Q" until 2016 was placed at the end of a Nasdaq stock symbol to indicate that the company had filed under the bankruptcy laws, according to Investopedia.)

"Do you know what a death spiral is? Coming," Burg tweeted on May 20, according to records kept by Tesla fans on the platform. That day Tesla shares had fallen more than 6%.

Deer Park RoadManagement specializes in distressed-credit opportunities. Early in August Deer Park's founder and CEO, Michael Craig-Scheckman, and Burg, who is managing partner and chief investment officer, held a conference call to discuss the Credit Cycle Rotation and Distressed Credit Opportunities, according to a post from the company's official Twitter account.

Burg's bet is surprising because Tesla dominates the EV market and almost all automakers want to develop electric models. The company is also ahead in autonomous vehicles and has an extremely busy roadmap for the next two years, notably with the launch of the highly anticipated Cybertruck, a futuristic pickup/truck.

The financier is not the first to make a huge bet against Tesla. Hedge-fund heavyweight David Einhorn of Greenlight Capital has paid a serious price. Musk literally had shorts delivered to Einhorn in 2018, when Tesla was on the brink of the financial abyss.

"I want to thank @elonmusk for the shorts," Einhorn posted on Twitter on August 2018 with a photo of the shorts. "He is a man of his word! They did come with some manufacturing defects. #tesla."

"Put them on & post a selfie," Musk commented.

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A Risky $3.3 Billion Bet on the Fall of Tesla and Elon Musk - TheStreet

For the fourth straight year, Tesla CEO Elon Musk is the highest paid CEO in America. This week, Bloomberg unveiled a list of the top paid CEOs in the country, with the controversial boss still on top. According to the publication, while 9-figure salaries used to be a rarity, they are becoming the norm in corporate America with over 30 public-company executives with contracts topping $100 million in value at the end of fiscal 2021. "The top dozen packages all surpassed $200 million. A couple shot into the billions," they maintain. Who else made the top six list? Keep reading to find out.

The highest placed female CEO in the country is Sue Nabi of the beauty brand, Coty. According to Bloomberg she tallied up a cool $283 million in 2021. "Nabi is one of the beauty industry's leading founder talents: a hugely respected business leader with an outstanding track record. In order to attract a true entrepreneur like her, Coty needed to have an enticing equity scheme," the company stated about the top-earning beauty boss. By 2023, she will own about 3% of the company thanks to shares.

Tom Siebel, founder, chairman, and CEO of C3.ai, an artificial intelligence software platform and applications company, is the fifth highest paid CEO. According to Bloomberg, the billionaire netted $343 million.

Starting your own automobile company after working for the competition pays off. Peter Rawlinson, a former employee of Musk's Tesla, also scored big in 2021 after unveiling their first car, Dream Edition. The CEO/CTO of California-based Lucid Motors earned $575 million.ae0fcc31ae342fd3a1346ebb1f342fcb

It is zero surprise that Apple CEO Tim Cook made the top list, seeing as though he helms the most valuable company in the world. According to Bloomberg, Cook was paid a whopping $853 million in 2021.

Only two men were part of the billionaire salary boys club in 2021. 39-year-old Robert Scaringe, CEO of Rivian Automotive, yet to officially release their first electric-powered SUV to the market, made $2.3 billion last year.

Unsurprisingly, Tesla CEO Elon Musk was paid more than any other CEO on the planet and made nearly 5 times as much as anyone else. According to Bloomberg his salary topped $10 billion in 2021, primarily due to hefty stock options.

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Elon Musk and America's Highest Paid Bosses' Salaries Revealed - Best Life

Despite being a multibillionaire with plans to colonize Mars, Elon Musk has surprisingly relatable daily goals.

For starters, the Tesla and SpaceX CEO wants to revamp his daily routine, beginning with the moment he wakes up. In a recent interview with Full Send Podcast, Musk said he checks his phone first thing in the morning and he thinks it could be detrimental to his health.

"I have a bad habit which I suspect a lot of people do of immediately checking my phone [in the morning]," Musk said on the show. "It's a terrible habit, actually."

Musk, who previously told Auto Bild a German automobile magazine that he spends the first 30 minutes of every day checking emails, now says he wants to replace the habit with a workout.

"I [need] to work out and be in better shape," Musk said on the Full Send Podcast. "So, I'm going to switch from immediately looking at my phone as soon as I wake up to working out for at least 20 minutes then I'll look at my phone."

Musk is far from an anomaly. Roughly 80% of smartphone users check their phones within the first 15 minutes of waking up, according to findings from IDC Research.

And, his replacement routine is likely healthier: Research indicates bright and early workouts may improve productivity, too. In 2019, a study published in the British Journal of Sports Medicine found daily, moderate morning exercise improved participants' short-term memory, attentiveness and decision making.

Musk, who typically goes to bed around 3 a.m. and is awake by 9:30 a.m., said his smartphone habit is somewhat born out of anxiety. He wants to ensure he didn't miss any company emergencies while he slept.

"I run SpaceX and Tesla, so there's usually some sort of thing that's happened over night," he said on the podcast.

This isn't the first time Musk has publicly talked about his vices or his motivation to curb them. In the same 2014 Auto Bild interview, he said he'd worked to cut down his caffeine intake so he wouldn't get so wired at work.

"There were probably times when I had like eight [Diet Cokes] a day or something ridiculous," Musk said in that interview. "I think these days it's probably one or two, so it's nothing too crazy."

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Elon Musk wants to cut this terrible habit from his morning routine: I suspect a lot of people do [this]' - CNBC

Tesla Inc. (NASDAQ: TSLA) CEO Elon Musk generated headlines last year when he announced in a tweet that he would sell almost all his physical possessions and will not own a house. Musk reportedly followed through with that plan and moved into a tiny house in Texas after disposing of all of his mansions.

Recent rumors suggested that Musks primary residence was a prefab house manufactured by Boxabl. It turns out, however, that the $50,000 foldable house is actually being used as a guest house.

Boxabl is a rapidly growing startup that has gained popularity partially thanks to Elon Musk, but also because of the growing demand for tiny homes and a housing affordability crisis with no end in sight.

The companys flagship product is the Boxabl Casita, a 20-foot by 20-foot accessory dwelling unit that can be delivered directly to a customers backyard and ready to occupy in an hour. The unit is fitted out as a studio apartment with a full-size kitchen, bathroom and living room and is expected to sell for $50,000.

The company recently completed a $9.2 million order for the U.S. government and has a waitlist of over 120,000 units. To fulfill the current demand, Boxabl is raising capital from institutional and retail investors to build the world's largest and most advanced housing factory.

Boxabl received a strategic investment from D.R. Horton Inc. (NYSE: DHI), who agreed to share resources to help the company scale and placed an order for 100 units. The company is also raising capital on StartEngine through a Regulation A+ offering, which allows non-accredited investors to buy preferred shares with a $1,000 minimum investment.

The current crowdfunding campaign for Boxable on StartEngine has already exceeded $19 million in addition to over $55 million that was previously raised.

Photo: Courtesy of Boxabl

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The Company That Built Elon Musk's Tiny Home Has Now Raised Over $74 Million From Retail Investors - Yahoo Finance

At the beginning of the Russian invasion of Ukrainian territory, several Twitter users requested Elon Musk to help Ukraine with internet access.

According to Musk, he freed Starlink in Ukraine and provided internet access to people.

Musk destinated 15,000 modems and antennas for Ukrainian people.

The Ukrainian government functions through Starlink, the same as the armed forces.

They all communicate using Elon Musk's company.

Starlink is high-speed internet provided by a complex satellite network.

Musk created Starkink to give internet access to people living in remote zones of the planet.

When we say remote zones, you might think of places without electricity or lights.

You may be wrong.

Even in rich countries, like the United Kingdom, those remote zones exist.

The difference with other systems relies on the speed and satellite connection.

Starlink satellites are in space orbit, like regular internet satellites.

However, Starlink satellites are closer to the earth, providing faster internet access.

According to the BBC, a regular internet provider satellite is almost 1,000 km from Earth,

Musk's satellites are 549 km from Earth.

According to the BBC, Elon Musk has had 3,000 satellites in space since 2018.

Starlink is one of the most expensive Internet providers worldwide.

A US resident pays $99 for Starlink's internet.

However, there was a previous charge of $549 to connect the platform and the modem to the satellites.

Starlink described that they have 400,000 users in 36 countries.

The vast majority of those users live in North America, Europe, and Australia.

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Elon Musk's company helping Ukraine in the war against Russia (and it's not Tesla or SpaceX) - Marca

Elon Musk believes that there must be a lot of aliens from other planets or there is nobody at all. For him, having no aliens whatsoever and having lots of them are both equally terrifying to think of. The SpaceX CEO explained why during an interview.

According to Musk, if there are no aliens, then what humans have on Earth is extremely rare. He referred to the Fermi Paradox, named after Nobel Prize-winning Physicist Enrico Fermi. Where are the aliens? is a question that the Fermi Paradox attempts to address.

Also Read: 5-hour rule: The secret sauce to success for Elon Musk, Bill Gates

According to the theory, aliens should have previously visited Earth given that our solar system is relatively young compared to the rest of the universe (13.8 billion years vs. 4.5 billion) and that interstellar travel would be possible given enough time.

The aforementioned statements were reportedly uttered by Fermi in 1950 during a casual lunch talk. And, ever since then, astrobiologists and other scientists have been baffled by the implications.

Also Read: Elon Musk has a plan so that civilisation is not wiped out

Elon Musk went on to say in the interview that he had never seen any hard evidence on aliens. On that, he was asked about his take on Unidentified flying objects (UFOs). He explained that those could be related to classified military programmes. Even if someone who belongs to the army happens to catch such an UFO, they wont be briefed about it - he added.

If aliens visited Earth, humans would be in real trouble - Musk said. He explained why. If they manage to visit Earth, it means they are in possession of much greater technology. Then, were at their mercy," he said.

Also Read: Blind psychic Baba Vangas next prediction is bad news for India, world

If they got spaceships that can get from other star systems to here, we dont have anything like that. Basically, were hopeless. Wed just be like children or somethin," Musk added.

The worlds richest man was then asked about an odd assertion earlier made by a former American government adviser, who claimed that former US President Dwight Eisenhower had encountered aliens at least three times in 1954 at a distant air base in New Mexico. The adviser also claimed that there were many witnesses" of the said encounters.

Eisenhower did not have meetings with aliens," Musk seemingly rubbished the claim as saying.

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Elon Musk says were in big trouble if aliens visit Earth; he explains why | Mint - Mint

David Beckham and Victoria's son Brooklyn is being compared to the world's richest man Elon Musk after his new interview.

The 23-year-old son of the celebrity couple showed off his new look and accent as he spoke to People about her passion and love, capturing massive attention from her fans.

The smart chef's fans noted that he also bore a resemblance to Tesla mogul Elon Musk with his style and accent, with one wrote on Twitter: "Why he's giving me Elon Musk vibes?."

Another commented: "It's me or he starts to look like Elon Musk with a cutted eyebrow".

The third one quipped: Elon Musk's son?"

Brooklyn Beckham showed off his multitude of accents during a candid interview about his love for cookery this week. His new bride Nicola Peltz was quick to gush over his chat, writing in the comments: 'Youre actually the cutest human Ive ever met, i love you hubby.'

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Brooklyn Beckham being compared to Elon Musk for his new style and accent - Geo News

In an exclusive interview with Elon Musk, the billionaire claimed that chess is a very simple game.

Making such claims is no longer new for the tech CEO as he is known for sharing statements that many people will likely question.

If you are a chess player-professional or non-pro-Musk's statement about this traditional strategy game will really be on your head for a couple of hours or days.

Although Elon is a guy who is very tech savvy, many people will not really see him as a chess master since he doesn't share this game as one of his hobbies.

However, the billionaire seems to know a lot about chess. Here are the things he shared about the traditional board game.

According to Essentially Sports' latest report, the SpaceX boss has been making headlines after he shared his opinions about video games.

Related Article:Elon Musk's Lawyers Claim Twitter Hides Names of Bot Counters; Billionaire Asks It To Disclose Them

One of the things he shared with the public is one of his favorite titles, "Elden Ring." The billionaire even claimed that there was a time when he spent almost a whole day just playing this adventure video game.

Another thing the Tesla boss shared is how he finds chess as a simple game.

"I was on the school's chess team, but I find chess a simple game. Frankly, in my opinion," said the billionaire.

He added that chess only has 64 squares in total. Because Musk thinks this mechanics is quite easy, he claimed that he was really good at chess when he was a kid.

After saying all these things about the board game, he mentioned "Polytopia" (officially called "The Battle for Polytopia"), claiming that it is better than chess.

"The Battle of Polytopia" is a turn-based 4x strategic video game. If you are a fan of "Clash of Clans" and other games, "Polytopia" is quite similar to them since it also allows you to build kingdoms, tribes, and empires.

You can play this game online or offline, with other players or just bots. As of press time, it is available in macOS, Microsoft, iOS, and Android.

If you want to take the word of Elon Musk, you can try it for free as the officialGoogle Play Storeoffers a free trial for one month.

Aside from saying chess is a simple game, he also clarified, via his excluve interview, that the Tesla gaming console will not arrive.

While he is appearing in various interviews, the tech CEO is also busy dealing with his problems with Twitter.

Recently, he challenged Twitter CEO Parag Agrawal on a public debate regarding the platform's fake accounts.

For more news updates about Elon Musk and stories related to him, always keep your tabs open here at TechTimes.

Related Article:Elon Musk Shares Ambitious Tech and Space Plans To Magazine Backed By China's Internet Censorship Agency

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Elon Musk Mocks ChessClaiming This Strategic Video Game is Way Better; What is 'Polytopia?' - Tech Times

Elon Musks SpaceX has been brisk with its rocket launches this year, and on Friday, it successfully completed another launch exercise.

What Happened: SpaceX announced that on Friday, its Falcon 9 launched 46 Starlink satellites to low-earth orbit from Space Launch Complex 4 East (SLC-4E) at Vandenberg Space Force Base, California.

Starlink is a SpaceX-owned high-speed, low latency satellite internet service.

SpaceX noted that Fridays launch was the 10th flight for this Falcon 9 first-stage booster. Falcon 9 is the companys reusable two-stage rocket for transporting people and payloads into Earths orbit, the Moon, and Mars. This was the 56th Starlink commission and SpaceXs 36th launch of 2022.

Earlier, Tesla, Inc. TSLA CEO Elon Musk shared a video of Falcon 9 being prepared for the flight, and captioned it as adding the 13 inner engines.

Why Its Important: SpaceX has already overtaken last years 31 orbital launches by late July.Musk complimented the team for achieving the feat. Estonia became the latest country where Starlink's service became available.

Starlink recently won a contract from the U.S. Air Force for providing fixed-site and portable services, with the Air Force citing in the documents that it believes the Musk-led service is the only Low-Earth Orbit satellite network providing services to Europe and Africa.

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Elon Musk-Led SpaceX Executes 36th Launch Of 2022; Falcon 9 Blasts Off With 46 Starlink Satellites - Benzinga

George Soros seems to have picked his winners in the race for electric vehicles.

In any case, the emblematic investor is placing his pawns while car manufacturers are fighting with thunderous announcements to occupy this market considered to be the future of the automobile in the medium term at least.

Soros, who had so far been content to invest in young startups like Lucid (LCID) and Rivian (RIVN) , has just adjusted his strategy. He has just chosen Tesla (TSLA) , the world leader in the sector led by its charismatic CEO Elon Musk.

Soros, 92, is also betting on Ford (F) and its CEO Jim Farley.

Indeed, billionaire's firm Soros Fund Management has just revealed that it acquired 29,883 Tesla shares, according to a regulatory document filed with the Securities and Exchange Commission on Aug. 12, mentioning its holdings in equities that trade in the U.S. as of June 30.

This stake in Tesla is valued at just over $20.1 million as of June 30. But its value has already risen since as Tesla stock has jumped nearly 34% since June 30.

This is the first time Soros has invested in Tesla.

What is surprising, however, is that if Soros believes in Musk and Tesla, he has also bet on Twitter (TWTR) , which is currently in a row with the tech mogul after he withdrew his $44 billion acquisition offer of the microblogging website. A trial to take place in five days is scheduled from Oct. 17.

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Soros Fund Management bought 29.5 million Ford shares. The move seems to suggest that Soros is seduced by Farley's strategy, which has split the Dearborn, Mich., automaker into separate entities.

Activities linked to internal-combustion-engine, or gasoline-fueled, cars, including iconic models like the SUV Bronco Sport, the F-150, and the Mustang Ranger, became part of a unit called Ford Blue.

The operations of battery-electric vehicles, in a unit called Ford Model e, are seen as Ford's long-term future, with the launch of vehicles like the Ford Mustang Mach-E, F-150 Lighting pickup and more to come.

The company's ambitious goal is to produce 2 million electric vehicles by 2026.

Ford, however, sold just 27,140 EVs in the U.S. in 2021.

Stock market regulations require managers of funds with more than $100 million in U.S. equities to file a document, known as a 13F, within 45 days of the end of the quarter to list their holdings in stocks that trade on U.S. exchanges.

The value of Soros' U.S. equity portfolio rose 5.3% quarter over quarter to $5.6 billion. Soros Fund Management is a family office that manages public and private equity.

"SFM invests globally in a wide range of strategies and asset classes, including public equities, fixed income, commodities, foreign exchange, alternative assets and private equity," the firm said on its website.

Soros, whose net worth is estimated at $8.5 billion as of Aug. 12 according to Bloomberg Billionaires Index, is well known for pouring money into philanthropic efforts. Most of his firm's assets belong to Open Society Foundations, which supports "people across the world who work for justice, equity and free expression."

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Billionaire George Soros Bets on Musk's Tesla and Ford - TheStreet