Category Archives: Elon Musk

Image via Getty/Rich Fury

Travis Scott, like anyone, has a holy grail car that hes hoping to someday buy. But for the exorbitant price of the car itself, he says theres a lot better uses for the money.

On Tuesday, the Houston rapper graced the Spring 2021 cover of LOfficiel Hommes for a chat about cars the ones he has, the ones he wants, and how he buys all of his whips. Toward the end of the discussion, Scott told interviewer Joshua Glass that he has a dream car of his own, despite not knowing how many cars he even has to his name at the moment.

You know whats so crazy? At this point, I can say that I would be getting super, super detailed to the vehicle, because I think I have a mix of all the sports cars Ive ever wanted, Scott said when asked about his dream ride. There is this Lambo thats looks like fucking Batman, but Im not going to lie to youits like $14 million.

Glass then asked Trav about how it feels to be chasing a car of that value, to which he said, if youre at that point in life, why dont you change the world?

Fourteen million dollars can be used inso many better ways, Scott said. Thats the interesting thing about what Elon [Musk] is doing, right? Perfecting design and innovation and selling it for 20 or 30 thousandthe price of what other people would call a regular car. So thats where my mind has kinda been lately. I try to make everything I do more accessible. There are so many things that are so intangible to creative people. Its just out of their reach.

Earlier in the discussion, Trav also spoke on how he buys his cars, a process he said he doesnt have anyone do for him.

No, theres no team. Its just me, he said. But I try to not contact them directly because then theyll try to charge an arm and a fucking leg.

Head here to read the interview in full.

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Travis Scott Talks Car Collection, Elon Musk, and the $14 Million Lambo He's Been Eyeing - Yahoo Entertainment

The US manufacturer which integrates a wide array of cameras, microphones, sensors, and location devices into its cars has strenuously denied claims it is using over-the-air functionality to extract sensitive data. The Chinese Government, meanwhile, is yet to put forward any evidence to substantiate its claims of espionage.

Tesla CEO Elon Musk hit back at the allegations during a public forum this week, saying: Theres a very strong incentive for us to be very confidential with any information if Tesla used cars to spy in China or anywhere, [it would] get shut down.

It's possible the response is retaliation for the Biden Administration imposing further restrictions on Huawei products being sold in the US earlier this month.

China is one of the Tesla's biggest markets: in 2020 it sold 147,445 vehicles in in the country, representing roughly 30 per cent of its total global delivery figure for the year.

The marque has also begun building some cars in Shanghai, including the vast majority of those now sold in Australia.

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Tesla accused of spying in China, Elon Musk hits back report - Drive

Tesla CEO Elon Musk gave a brief but loaded comment to the Washington Post this week when the newspaper reached out over a story written about him.

"Give my regards to your puppet master," Musk replied to the papers request for its story "Elon Musk Moved to Texas and embraced celebrity. Can Tesla Run on Autopilot?"

Muskwas almost certainly referring to Jeff Bezos, who owns the Post.

There have been reports of a brewingfeuding between the two for years, frequently over their ambitions in space: Musk owns the company SpaceX and Bezos owns Blue Origin.

In 2019, Bezos subtly mocked Musks plans to send people to Mars.

TESLA CEO ELON MUSK SLAMS TEXAS ENERGY AGENCY AS UNRELIABLE: 'NOT EARNING THAT R'

Tesla CEO Elon Musk speaks during the unveiling of the new Tesla Model Y in Hawthorne, California on March 14, 2019. (Photo by Frederic J. BROWN / AFP) (Photo credit should read FREDERIC J. BROWN/AFP via Getty Images)

"My friends who want to move to Mars, I say, do me a favor and go live on the top of Mount Everest for a year first, and see if you like it, because its a garden paradise compared to Mars," he told SpaceNews.

The two billionaires have also competed for the spot as the world's richest man with Bezos overtaking Musk again last week after Musk's wealth fell by $15 million when he tweeted that Bitcoin prices "seem high."

JEFF BEZOS OVERTAKES ELON MUSK TO BECOME WORLD'S RICHEST PERSON

The Post article reported on Teslas "questionable business moves" and claimed critics have said his personal schedule and "seeming cult of personality that has developed around him, are beginning to show in the car company he runs."

Author Faiz Siddiqui said the story was written following interviews with a dozen of "current and former Tesla employees, investors and analysts."

The Post has said that Bezos has no editorial influence over the paper and it has written plenty of stories casting the company in a negative light, including one last week headlined "New York sues Amazon alleging flagrant disregard of health standards at warehouses."

Former President Trump has also been critical of Bezos and the newspaper, calling it Amazon's "chief strategist" and "fake news."

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The Washington Post told Fox News it had no comment and Tesla did not immediately respond to Fox News' after-hours requestfor comment.

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Elon Musk may have called out Jeff Bezos with puppet ...

A Starlink user terminal installed on the roof of a building in Canada.

SpaceX

SpaceX CEO Elon Musk said the company's Starlink satellite internet service "will double" speeds to customers "later this year," as it continues to build out the global consumer network.

"Speed will double to ~300Mb/s & latency will drop to ~20ms later this year," Musk said in a tweet on Monday, responding to a user who showed speed tests ranging between 77 and 130 Mbps.

Latency is the amount of delay in an internet network, defining how much time it takes a signal to travel back and forth from a destination. Latency and download speeds are key measures for an internet service provider.

In a following tweet, Musk added that Starlink will reach customers around "most" of the Earth by the end of 2021 and is expecting to have complete global coverage "by next year."

He emphasized that Starlink, like other satellite broadband services, is intended for customers in "low to medium population density area."

"Cellular will always have the advantage in dense urban areas," Musk said.

Elon Musk, founder of SpaceX and chief executive officer of Tesla Inc., arrives at the Axel Springer Award ceremony in Berlin, Germany, on Tuesday, Dec. 1, 2020.

Liesa Johannssen-Koppitz | Bloomberg | Getty Images

To date SpaceX has launched more than 1,000 satellites for Starlink. In October, SpaceX began rolling out early service in a public beta tocustomers in the U.S., Canada and the U.K., with service priced at $99 a month, plus a $499 upfront cost for the hardware needed to connect to the network.

The company recently widened the scope of that public beta,allowing prospective users to place preorders for Starlink service. SpaceX, in a filing with the Federal Communications Commission earlier this month, disclosed that Starlink has "over 10,000 users in the United States and abroad," in just over three months since the public beta began.

SpaceX noted in that FCC filing that Starlink's service is "meeting and exceeding 100/20 megabits per second ('Mbps') throughput to individual users," while most users were seeing latency "at or below 31 milliseconds."

SpaceX deploys 60 Starlink satellites in orbit.

SpaceX

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Elon Musk: SpaceX will double Starlink internet speed ...

It is no secret that the tycoon feels a preference over this cryptocurrency.

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February26, 20212 min read

The CEO of Tesla and SpaceX, Elon Musk responded on his favorite network, Twitter, about an alleged investigation to the different comments about the Dogecoin and the consequences of these, that is, the sudden rise in its price.

First Squawk, a person with access to proprietary information regarding finance and exonomy, revealed that Musk could be investigated by the United States Securities and Exchange Commission (SEC) according to sources with knowledge of the matter. .

Another Twitter user made him share the information with the millionaire in a lighter and more fun way. He mocks the SEC for inventing "dog memes." In addition, the tweet ends with the words " Hail, Emperor Musk!" and an image of Elon with crown and cape.

In response, the millionaire followed the joke line and replied, I hope they do! It would be great!".

It is a rival cryptocurrency of Bitcoin, which was born as a result of a meme, a dog of the Shiba Inu breed, also known on the internet as Cheems. This is Musk's favorite and he has not been shy about giving his opinion on it. Among the tweets are "Dogecoin is the crypto of the people" and "No ups and downs, just Doge ." After that, it increased its value by more than 50%.

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Elon Musk Responds That 'It Would Be Great' If He Was Investigated For His Dogecoin Memes - Entrepreneur

INX Limited CMO Douglas Borthwick on bitcoin, Dogecoin and which cryptocurrencies investors should pay attention to.

Billionaire Elon Musk said Thursday that he would welcome a probeby the Securities and Exchange Commission (SEC)into his tweets aboutmemecryptocurrencyDogecoin.

The Tesla and SpaceX CEO was responding to a tweet from a Musk fan account.

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"The SEC investigating dog memes sent by a memer about a memecoin is peak 2021," wrote@RationalEtienne, who has more than 19,000 followers.

"I hope they do! It would be awesome," Musk replied with two crying laughing emojis.

Speculation regarding an investigation by U.S. regulators over his posts was set off by a tweet from a financial markets newswire called First Squawk, according to Newsweek.

In its own tweet, First Squawk wrote that the "SEC IS SAID TO INVESTIGATE TESLA CHIEF EXECUTIVE MUSK FOR HIS TWEETS ONDOGECOIN," according to "SOURCES FAMILIAR WITH THE MATTER."

Musk has repeatedly referenced Dogecoin over the past couple of weeks to his more than 48 million followers.

On Wednesday, Musk tweeted a picture of the Dogecoin Shiba Inu planting a Dogecoin flag "on the actual moon" -- causing the price of Dogecoin to spike again --and on Feb. 21 he posted the phrase, "Dojo 4 Doge."

Earlier in the month, Muskclaimed he hadbought some for his 9-month-old son, X A-Xii.

In addition, on Feb. 8 Tesla announced inan SEC filing that it had bought $1.5 billion worth of bitcoin.

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No such investigation has been confirmed by the commission.

Nevertheless, Musk has a checkered past with the SEC.

In 2018, he was fined more than $20 million and forced to step down as Tesla's board chairman after tweeting he had "funding secured to take the electric-car maker private at $420 a share.

The announcement caused Telsa shares to surge, but the SEC said Musk had not hammered down financing for the alleged deal and the rocket scientist admittedhe had chosenthe $420 figure to make a joke about marijuana.

In an interview with60 Minuteslater that year, Musk saidhe did not respect the agency and tweeted in the summer of last year: "SEC, three letter acronym, middle word is Elons."

However, speaking on the Clubhouse app at the end of January, Musk said that his jokes about Dogecoin "are really just meant to be jokes."

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Elon Musk: SEC probe over Dogecoin tweets would be 'awesome' - Fox Business

Why do the worlds two richest men want to get off the planet so badly?

Elon Musk of Tesla and Jeff Bezos of Amazon have more than $350 billion in combined wealth and preside over two of the most valuable companies ever created. But when theyre not innovating on Earth, they have been focusing their considerable brain power on bringing a multiplanetary human habitat to reality.

For Mr. Musk, its through his other company, SpaceX, which has become an ever bigger player in the private space-technology arena. On top of satellite launches and other rocket innovations, the company announced it will send its first all civilian crew into orbit at the end of the year, in a mission called Inspiration4. SpaceX has already carried NASA astronauts to the International Space Station and is planning to transport more, as well as private astronauts, for a high price.

Most ambitiously, Mr. Musk has said that SpaceX will land humans on Mars by 2026. To do that, the private company will use a chunk of the close to $3 billion including $850 million announced this week in a regulatory filing that it has raised over the last year to finance this herculean effort.

While Mr. Musk might not be the first human to go to the red planet, he once told me that he wanted to die there, joking, Just not on landing.

Mr. Bezos, who is stepping down as chief executive of Amazon this year, is expected to accelerate his space-travel efforts through his company Blue Origin, whose tag line reads, in part, Earth, in all its beauty, is just our starting place.

Like SpaceX, Blue Origin is working on payload launches and reusable orbital launch vehicles, as well as on moon landing technology, to achieve what Mr. Bezos once called low-cost access to space. Blue Origin executives said recently that the company is close to blasting off into space with humans.

Mr. Bezos most extravagant notion, unveiled in 2019, is a vision of space colonies spinning cylinders floating out there with all kinds of environments.

These are very large structures, miles on end, and they hold a million people or more each, he said, noting they are intended to relieve the stress on Earth and help make it more livable.

Its probably good for space innovation that two billionaires are slugging it out and attracting all kinds of start-ups, investments and interest to the area. But all of their frantic aggression has been overshadowed of late by two spectacular efforts by NASA.

The two NASA missions delivered this week the kind of awe-inspiring moments that make one look up from the wretched news spewing out of our smartphones toward the stunning celestial beauty of the endless universe.

The first was the batch of images from amazing high-definition cameras on the Perseverance rover, a car-size autonomous vehicle that touched down in the Jezero Crater on Mars last week. The photographs are so sharp that you can zoom in close enough to look at the holes in the rocks on the surface and even get a pretty good sense of the dirt itself. The larger panorama is just as arresting, a desert scene that is breathtakingly alien while also feeling quite familiar.

I found myself staring at the scenes for an hour, marveling that I can see the details of an elegant wind-carved boulder from a distance of 133.6 million miles. The $2.7 billion Mars mission includes a search for signs of ancient Martian life, sample-collecting and the flight of a helicopter called Ingenuity.

But the imagery from Mars was quickly topped by an even older NASA mission to Jupiter by the Juno space probe, which entered the planets orbit in 2016. It did some very close fly-bys recently that are yielding perhaps the most stunning photos that weve ever seen of the planet.

Color-enhanced by citizen scientists from publicly available NASA data and images, the images show delicately swirling jet streams that look like a painting of quicksilver created by some space-faring artistic genius. I wish I could be riding on Juno myself to see up close the vast cyclones gather and the angry clouds seethe.

It was just a year ago that Juno sent back another image of Jupiter, looking like the best marble ever made, which NASA titled Massive Beauty.

Perhaps the fact that life on Earth feels so precarious at this moment explains, at least in part, why Mr. Bezos and Mr. Musk want to find ways to get off it.

But its important to keep in mind that these two men are just two voices among billions of earthlings. It is incumbent on the rest of us to take more control of how we are going to move into the brave new worlds beyond our own gem of a planet.

We have handed over so much of our fate to so few people over the last decades, especially when it comes to critical technology. As we take tentative steps toward leaving Earth, it feels like we are continuing to place too much of our trust in the hands of tech titans.

Think about it: We the people invented the internet, and the tech moguls pretty much own it. And we the people invented space travel, and it now looks as if the moguls could own that, too.

Lets hope not. NASA, and other government space agencies around the world, need our continued support to increase space exploration.

I get that we have enormous needs on this planet, and money put toward space travel could instead be spent on improving lives here on Earth. But the risk to our planet from climate change means we have to think much bigger.

Keep in mind a hidden message that NASA engineers put onto the descent parachute of the Perseverance rover. The colors on the chute were a binary code that translates into Dare mighty things.

Coming from across the vast and empty universe, it was a message not meant just for Mr. Bezos and Mr. Musk. It was actually meant for all of us.

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Opinion | Why Are Elon Musk and Jeff Bezos So Interested in Space? - The New York Times

TipRanks

Last week, the NASDAQ slipped below 13,200, making the net loss from its all-time peak, reached earlier this month, 6.4%. If this trend keeps up, the index will slip into correction territory, a loss of 10% from its peak. So what exactly is going on? At bottom, its mixed signals. The COVID-19 pandemic is starting to fade and the economy is starting to reopen strong positives that should boost markets. But an economic restart brings with it inflationary pressures: more people working means more consumers with money in their pockets, and the massive stimulus bills passed in recent months and the bill working through Congress now, which totals $1.9 trillion have put additional funds in peoples wallets and liquidity into the economy. There is pent-up demand out there, and people with money to spend, and both factors will work to push up prices. We can see one effect of all of this in the bond market, where the ten-year Treasury bond is yielding 1.4%, near a one-year high, and it has been trending upwards in recent weeks. This may be a case of jumping the gun, however, as Federal Reserve Chair Jerome Powell has said in testimony before the Senate that he is not considering a move to boost interest rates. In other words, these are confusing times. For those feeling lost in all of the stock market fog, investing gurus can offer a sense of clarity. No one more so than billionaire Steven Cohen. Cohens investment firm, Point72 Asset Management, relies on a strategy that involves investments in the stock market as well as a more macro approach. This very strategy has cemented Cohens status as a highly respected investing powerhouse, with the guru earning $1.4 billion in 2020 thanks to a 16% gain in Point72s main hedge fund. Bearing this in mind, our focus shifted to Point72's most recent 13F filing, which discloses the stocks the fund snapped up in the fourth quarter. Locking in on three tickers in particular, TipRanks database revealed that each has earned a Strong Buy analyst consensus and boasts significant upside potential. Array Technologies (ARRY) The first new position is in Array Technologies, a green tech company providing tracking technology for large-scale solar energy projects. Its not enough just to deploy enough photovoltaic solar collection panels to power an energy utility; the panels have to track the sun across the sky, and account for seasonal differences in its path. Array delivers solutions to these problems with its DuraTrack and SmarTrack products. Array boasts that its tracking systems will improve the lifetime efficiency of solar array projects, and that its SmarTrack system can boost energy production by 5% overall. The company clearly has impressed its customers, as it has installations in 30 countries, in more than 900 utility-scale projects. President Biden is expected to take executive actions to boost green economic policy at the expense of the fossil fuel industry, and Array could potentially benefit from this political environment. This companys stock is new to the markets, having held its IPO in October of last year. The event was described as the first big solar IPO in the US for 2020, and it was successful. Shares opened at $22, and closed the day at $36. The company sold 7 million shares, raising $154 million, while another 40.5 million shares were put on the market by Oaktree Capital. Oaktree is the investment manager that had held a majority stake in the company since 2016. Among Array's fans is Steven Cohen. Scooping up 531,589 shares in Q4, Point72's new ARRY position is worth over $19.7 million at current valuation. Guggenheim analyst Shahriar Pourreza also seems to be confident about the company's growth prospects, noting that the stock appears undervalued. Renewable energy companies have seen a large inflow of capital as a result of the blue wave and the Democrats control of the White House and both chambers of Congress; however, ARRY continues to trade a significant discount to peers," the 5-star analyst noted. Pourreza added, "We continue to be bullish on ARRYs growth prospects driven by 1) tracker market share gains over fixed-tilt systems, 2) ARRY market share gains within the tracker industry, 3) ARRYs large opportunity in the less-penetrated international market, 4) the opportunity to monetize their existing customer base over the longer-term through extended warranties, software upgrades, etc., which are highly margin accretive. In line with these bullish comments, Pourreza rates ARRY shares a Buy, and his $59 price target implies a 59% upside from current levels. (To watch Pourrezas track record, click here) New stocks in growth industries tend to attract notice from Wall Streets pros, and Array has 8 reviews on record since it went public. Of these, 6 are Buys and 2 are Holds, making the consensus rating on the stock a Strong Buy. The average price target, at $53.75, suggests room for ~45% upside in the next 12 months. (See ARRY stock analysis on TipRanks) Paya Holdings (PAYA) The second Cohen pick we're looking at is Paya Holdings, a North American payment processing service. The company offers integrated payment solutions for B2B operations in the education, government, healthcare, non-profit, and utility sectors. Paya boasts over $30 billion in payments processed annually, for over 100,000 customers. In mid-October of last year, Paya completed its move to the public market via a SPAC (special acquisition company) merger with FinTech Acquisition Corporation III. Cohen is standing squarely with the bulls on this one. During Q4, Point72 snapped up 3,288,843 shares, bringing the size of the holding to 4,489,443 shares. After this 365% boost, the value of the position is now ~$54 million. Mark Palmer, 5-star analyst with BTIG, is impressed with Payas prospects into the mid-term, writing, We expect PAYA to generate revenue growth in the high-teens during the next few years, with Integrated Solutions poised to grow in the mid-20s and Payment Services set to grow in the mid-single digits. At the same time, the companys operating expenses should grow in the 5% context, in our view. As such, we believe PAYAs adjusted EBITDA growth will be north of 20% during the next few years, and that its adjusted EBITDA margins will expand to 28% by YE21 from 25% in 2019. Palmer puts an $18 price target on PAYA shares, indicating his confidence in 49% growth for the year ahead, and rates the shares as a Buy. (To watch Palmers track record, click here) PAYAs Strong Buy analyst consensus rating is unanimous, based on 4 Buy-side reviews set in recent weeks. The shares have an average price target of $16, which suggests ~33% upside potential from the current share price of $12.06. (See PAYA stock analysis on TipRanks) Dicerna Pharma (DRNA) Last but not least is Dicerna Pharma, a clinical stage biotech company with a focus on the discovery, research and development of treatments based on its RNA interference (RNAi) technology platform. The company has 4 drug candidates in various stages of clinical trials and another 6 in pre-clinical studies. The company's pipeline clearly got Steven Cohens attention to the tune of taking a new stake totaling 2.366 million shares. This holding is worth $63.8 million at current values. The drug candidate farthest along Dicernas pipeline is nedosiran (DCR-PHXC), which is being investigated as a treatment for PH, or primary hyperoxaluria a group of several genetic disorders that cause life-threatening kidney disorders through overproduction of oxalate. Nedosiran inhibits the enzyme that causes this overproduction, and is in a Phase 3 trial. Top-line results are expected in mid-21 and, if everything goes as planned, an NDA filing for nedosiran is anticipate near the end of 3Q21. Covering the stock for Leerink, analyst Mani Foroohar sees nedosiran as the key to the companys near-term future. We expect nedosiran could see approval in mid-2022, placing the drug roughly a year and a half behind competitor Oxlumo (ALNY, MP) in PH1... A successful outcome will transform DRNA into a commercial rare disease company in an attractive duopoly market with best-in-class breadth of label," Foroohar noted. To this end, Foroohar rates DRNA an Outperform (i.e. Buy), and his price target of $45 suggests a one-year upside potential of 66%. (To watch Foroohars track record, click here) All in all, Dicerna Pharma has 4 Buy reviews on record, making the Strong Buy unanimous. DRNA shares are trading for $26.98, and their $38 average price target puts the upside at ~41% over the next 12 months. (See DRNA stock analysis on TipRanks) To find good ideas for stocks trading at attractive valuations, visit TipRanks Best Stocks to Buy, a newly launched tool that unites all of TipRanks equity insights. Disclaimer: The opinions expressed in this article are solely those of the featured analysts. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.

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Elon Musk Lost $15B In A Single Day And The Cause Could Be One Of His Own Tweets - Yahoo Finance

Tesla CEO Elon Musk is known for his witty tweets and he is not one to mince words on the social media platform. This time around, the billionaire has responded to a critical tweet using just a single emoji, that too an eggplant.

On Tuesday, Euro Pacific Capital CEO Peter Schiff, a Bitcoin skeptic, tagged Musk in a tweet sharing his thoughts on how Tesla shares had been falling since Musk "spent $1.5 billion of shareholder money buying bitcoin".

(Also Read: Tesla Model 3's production halted temporarily in California)

"Two weeks after @elonmusk announced that he spent $1.5 billion of shareholder money buying bitcoin, #Tesla stock entered a bear market, plunging 20 percent from its all-time high set on January 25th, and 16 percent since disclosing the bitcoin buy," Schiff wrote on Twitter. He also added that Musk is "not an example other CEOs will likely follow!"

To which, the Tesla CEO replied:

Musk's eggplant emoji has gained over 145.8 lakh 'likes' over the microblogging site. Majority of the Musk's followers took Tesla CEO's reply to be dismissive of Schiff's opinion.

(Also Read: BMW CEO doubts Tesla can easily continue growing as quickly)

Schiff hit back at Musk with another reply writing: "For someone of your intellect, I would have expected a more thoughtful reply, not something one would hear at a playground. Does this mean our clubhouse conversation is not happening?"

There has been no reply from Musk after that.

Elon Musk recently lost the title of world's richest person after a tweet where he wrote that prices of Bitcoin and smaller rival Ether do seem high". In the events that unfolded, later on, the fall of Tesla shares wiped out a whopping $15.2 billion from Musk's net worth (full report here).

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Elon Musk breaks the internet with eggplant emoji reply to a critical tweet - HT Auto

Elon Musk's reply to the Mars-related tweet has prompted people to share various responses.

By Trisha Sengupta

PUBLISHED ON FEB 27, 2021 10:54 AM IST

If you follow SpaceX CEO Elon Musk on Twitter, you may be aware of the various Mars related posts that he often shares. Not just that, he also takes time to reply to some of the posts related to the Red Planet. Just like his recent response to a video shared on a Twitter profile called Black Hole.

A full rotation of the planet Mars (Hubble Captures By NASA), reads the caption shared alongside the video.

However, before knowing how Musk reacted to the clip, take a look at the video which, till now, has gathered more than 3.5 million views and counting.

Musk in just two words shared his response. This is what he wrote along with a wink emoji:

People shared all sorts of reactions to Musks reply. Many were also reminded of his interplanetary ambition to take humans to Mars and beyond. Some also asked questions.

What do you think Musks reply?

By Trisha Sengupta

PUBLISHED ON FEB 07, 2021 10:38 PM IST

Elon Musk's picture with son X A-XII has now prompted people to share all sorts of comments.

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Elon Musks reply to a Mars-related tweet has left people in splits - Hindustan Times