Category Archives: Elon Musk

Elon Musk.

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Elon Musk said it would be "awesome" if the Securities and Exchange Commission investigates his tweets that promoted the meme-based cryptocurrency, Dogecoin.

"I hope they do! It would be awesome," he tweeted on Thursday. The billionaire was responding to unverified reports that he may be under regulatory scrutiny for his consistent touting of the coin.

@elonmusk/Twitter

Musk's tweeting spree about the joke-based token on January 28 made its price quadruple in just four hours. His most recent tweets, including one that said "on the actual moon," sent Dogecoin soaring 25%. Earlier this month, he said he bought some for his 9-month-old son, X A-Xii.

Crypto skeptics have lashed out at blue-tick endorsements of cryptocurrencies, warning against their influence over the market. "Headlines, tweets and endorsements are leading the masses to invest in cryptocurrency in an aim to get rich quick, but many are overlooking the volatility of the market, leading to big losses," said Natasha Wren, a senior account executive at The PHA Group.

Musk has had previous clashes with the SEC. The agency sued him in 2018 after he said he had secured the funding required to take Tesla private, alleging that Musk was not as close to acquiring financing for the deal as he indicated.

@elonmusk/Twitter

Both parties reached a settlement, under which he had to step down as the chairman of Tesla's board of directors for three years and pay a $20 million fine. Musk has also poked jabs at the agency, saying that the middle initial in "SEC" stands for Elon.

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Elon Musk says it would be 'awesome' if the SEC probes his tweets on Dogecoin - Markets Insider

Elon Musk himself has repeatedly boosted Bitcoin on Twitter and other platforms.

Unless you're the world's richest person, you shouldn't be buying Bitcoin. That's the message from Bill Gates - the third richest.

With a rally of more than 400% over the past year, Bitcoin has become increasingly mainstream, and everybody including prominent investors and policy makers have been talking about it. The world's on-again, off-again richest person, Elon Musk, recently invested $1.5 billion in the cryptocurrency through his company, Tesla Inc., and said Bitcoin would soon be accepted for payments.

For Gates, it's not something Main Street should buy into - plus it's bad for the environment as mining the coins requires a lot of energy.

"Elon has tons of money and he's very sophisticated, so I don't worry that his Bitcoin will sort of randomly go up or down," Gates said in an interview with Bloomberg Television's Emily Chang. "I do think people get bought into these manias who may not have as much money to spare. My general thought would be that if you have less money than Elon, you should probably watch out."

Musk himself has repeatedly boosted Bitcoin on Twitter and other platforms.

Musk, who's worth $189.6 billion as per the Bloomberg Billionaires Index, has been an avid supporter of Bitcoin -- so much so that he's influenced the token's price. It surged as much as 76% this month following Tesla's investment, before tumbling 13% after he tweeted the prices of cryptocurrencies "do seem high."

Bitcoin was trading around $51,400 at 8:30 a.m. in New York on Thursday.

The debate over Bitcoin isn't new. Billionaire Warren Buffett deems cryptocurrencies have no value and don't produce anything. Treasury Secretary Janet Yellen, another long-time skeptic, said at a New York Times conference earlier this week that Bitcoin is an "extremely inefficient way of conducting transactions."

But with more and more companies starting to accept Bitcoin -- as PayPal Holdings Inc., Visa Inc. and MasterCard Inc. recently have -- the token has gained wider acceptance. As central banks including the Federal Reserve and European Central Bank are studying how to digitalize their own sovereign currencies, and firms such as Fidelity Investments Inc. launch funds letting investors add cryptocurrencies to their portfolios, the debate is here to stay.

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)

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"If You Have Less Money Than Elon...": In Gates Vs Musk, A Bitcoin Warning - NDTV

At this point in time, Elon Musk's love for Dogecoin seems to be undisputable fact. Not only does the Tesla chief tweet his praise frequently, but even one word posts that offer no extra input are apparently enough to send prices soaring. But now, it would seem that his efforts have struck a problematic chord with the US Securities and Exchange Commission.

Now, in case you're uncertain about what Dogecoin might be, allow us to explain first. It is a cryptocurrency that was created as a joke of sorts. Dogecoin was inspired by the meme of a smiling Shiba Inu and features the face of the dog on symbolic representations. In the words of its maker, it was "created for sillies" and something that was never really expected to take off.

Fast forward to 2021, and DogeCoin has grown to several hundred times its original value, reaching a market capitalization worth billions of dollars and drawing eyeballs from many including Elon Musk. Asked by a Twitter user as to why he loved Dogecoin so much, the SpaceX CEO recently explained: "I love dogs and memes".

"Bought some Dogecoin for lil X, so he can be a toddler hodler," the world's second richest man tweeted earlier in February. 'Lil X' incidentally is a reference to his young son, X A-Xii.

"Literally," he wrote sharing a picture of the meme-famous dog in an astronaut's suit planting a dogecoin flag on the moon.

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Elon Musk under SEC investigation for Dogecoin tweets? Here's what he has to say - Free Press Journal

Its not news that Elon Musk is an advocate for a sustainable future.

In recent times, the Founder and CEO of Tesla even announced a prize of $100 million for the development of the best technology to capture carbon dioxide, which he shared on his personal Twitter handle.

Am donating $100M towards a prize for best carbon capture technology, he had tweeted.

He has donated about $257 million to the Musk Foundation, which provides support through grants for many causes, including renewable energy research and advocacy, human space exploration research and advocacy, paediatric research, science and engineering education, and the development of safe artificial intelligence to benefit humanity.

On multiple occasions, Elon Musk has made it clear that sustainability is one of his top priorities, especially with Tesla and its products from the Electric car to the solar-powered roof Shingles. SocialStory brings you a few of these quotes that emphasise his eco-friendly plans of action.

Elon Musk

Were really playing a crazy game here with the atmosphere and the oceans. Were taking vast amounts of carbon from deep underground and putting this in the atmosphere this is crazy. We should not do this. Its very dangerous. in a Joe Rogan Experience Podcast.

"I think we have a duty to maintain the light of consciousness, to make sure it continues into the future." in a conversation with Aeon.

Our goal here is to fundamentally change the way the world uses energy.

Tesla cant build 100 Gigafactories, so the thing that is really going to make the difference is if companies much larger than Tesla do the same thing. If the big industrial companies in China, the US, and Europe, and the big car companies. If they also do this then collectively we can accelerate the transition to sustainable energy. And if the government set the rules to favour sustainable energy, we can get there really quickly. in the film Before the Flood with Leonardo DiCaprio.

"..to accelerate the advent ofsustainabletransport by bringingcompelling mass-market electric cars to market as soon as possible. (talking about the mission of Tesla in The Secret Tesla Motors Master Plan (just between you and me).

"We have to change the way we burn fossil fuels. We justhaveto." - to his cousin Lyndon Rive, suggesting to "look into solar".

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Here's what Elon Musk thinks about sustainability and energy conservation - YourStory

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Triple H has shockingly come out and declared war on Elon Musk in what he perceives to be a lack of respect from the Space X founder.

In an interview with The Good Time Show, he called out Elon for his condescending nature. He said: Let me address Elon Musk because I feel like theres some type of disrespect going on here. Because I dont know if he has a superiority complex because hes a rocket scientist, a self-taught rocket scientist, right? Big deal. Hes a guy that sort of revolutionized the electric car all because he wanted to fly rockets to Mars. Big deal.

Clearly, Triple H has acknowledged Elons achievements. They would be hard to ignore given that he was the wealthiest person on the planet in not too recent memory. But in his following comments, Triple H was seemingly goading Elon to get in the ring given that the tech-expert has not faced anyone.

He added: Then, [he] goofs around on the internet, flips some things around, becomes the biggest billionaire, trillionaire, or whatever he is. The richest guy in the world, which, by the way, he couldnt maintain for long. Im sure hell flip that around. At this point, Elon, you have to ask yourself. All those incredible accomplishments, and believe me, they are cool, but who have you beaten?

Who have you ever beat? [The] answer is nobody. And Triple H signed off the interview by what could be termed as none other than an official challenge to war: If you want to disrespect our business, thats one thing. I will anytime, anyplace, anywhere [fight you], Elon Musk.

If youve got the guts, if you have what it takes to do this, then you and I will talk about Elon what I really want to talk about, which is taking one of your rockets, launching it from Florida, going up into space, heading to Mars with a team from the Performance Center, where we then put on the largest spectacle the Universe has ever seen, WrestleMania Mars.

If this were to go ahead, the records books would be shattered twice over. If the fans get behind this, it could become a reality. Let us know what you think in the comment section down below.

Please also remember to stay up to date with the latest news onTheOvertimer. Dont forget to visitGamestingrfor great videos, news, and gameplay!

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WWE's Triple H (HHH) Feels Disrespected, Calls Out Tesla Elon Musk To Meet Him In The Ring! - The Overtimer

Philippe Croizon has never let his amputated arms and legs get in the way of what he wants to achieve and now he has his heart set on a new goal: travelling to outer space.

Croizon is counting on SpaceX CEO Elon Musk to help him to get there after the business magnate responded to his request on Twitter late last year.

The 53-year-old Frenchman had his legs and arms amputated after an accident in 1994 that saw him hit by two electric shocks of 20,000 volts.

"I have nothing to lose. I died on March 5, 1994, when I had my accident. So everything that I'm living today, it's just bonus," Croizon told Euronews.

Since the accident, the Frenchman pushed himself to pursue new challenges, such as swimming the English Channel, achieving a scuba diving world record and completing the Dakar Rally in an adapted buggy.

But his latest project - to travel to space - started a bit as a "joke", he said.

Croizon tweeted that if he could get 50,000 followers before Christmas, he would ask Elon Musk to send him to space.

He achieved his target in just two hours.

Croizon, who describes himself as someone "cheeky who dares to do things" said he was "caught in his own trap".

"Hello @elonmusk I am a famous French adventurer without arms or legs! Send me into space to show once again that anything is possible! @SpaceX," Croizon tweeted on November 20, 2020.

Croizon said he never imagined that the famous tech CEO "who has nearly 50 million followers" would respond to him. But, Musk did.

"One day we will fly you on Starship," Musk responded two hours later. The two men began exchanging messages.

Musk put Croizon in contact with Jared Isaacman, an American billionaire and pilot, who is financing the first fully private space mission dubbed "Inspiration 4".

Isaacman will lead a four-person all-civilian crew into space, including 29-year-old American cancer survivor Haley Arcenaux.

They will travel on a SpaceX Dragon capsule powered by a Falcon 9 launch vehicle in a space mission planned for later this year.

Croizon will not be on this first private space trip, but he has been invited to attend the takeoff by Musk and Isaacson. Croizon said the billionaires would then discuss a solution to make him the first handicapped person to travel to space.

"We're not speaking about the European Space Agency here, that launched a call for disabled astronaut candidates," says Croizon because you have to have several years of university study and "arms", he said.

"My only chance is with Elon Musk and Jared," he told Euronews.

"I have learned something throughout the course my life. It's that we can ask for help. That helping hand, you should live it like a moment of sharing. For me, it's thanks to helping hands that I've carried out all my adventures," he said.

He hopes that this project will come to be, stating that his most beautiful memory is always tomorrow. But he says it also won't be his last challenge.

"I still have a lot of things to do in life. Let me be. Leave me to continue to live my dreams," Croizon said.

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My only chance is with Elon Musk: Quadruple amputee dreams of space - Euronews

Elon Musk, the maverick boss of Tesla, is no longer the worlds richest person after shares in the electric car company dropped 8.6% on Monday, wiping $15.2bn (10.8bn) off his fortune.

Musk, who last month leapfrogged Amazon founder Jeff Bezos to take the title of the worlds wealthiest person, dropped back into second place with a $183bn estimated fortune behind Bezos $186.3bn.

The 8.5% drop in Teslas share price on Monday the sharpest one-day fall since September was partly fuelled by Musk tweeting that the prices of bitcoin and other cryptocurrencies do seem high. Teslas shares were down a further 6% in pre-market trading on Tuesday.

His comments came just two weeks after Tesla bought $1.5bn of bitcoin, which sent the price of the cryptocurrency to fresh highs. Bitcoin, which reached a high of $58,000 on Sunday, has since fallen to $47,500 on Tuesday morning. The price is still up more than 500% over the past year.

Replying on Twitter to Peter Schiff, a stockbroker and gold investor, Musk said: Money is just data that allows us to avoid the inconvenience of barter. That data, like all data, is subject to latency and error. The system will evolve to that which minimises both. That said, bitcoin and ethereum [another cryptocurrency] do seem high.

Scottish Mortgage Investment Trust, which is managed by Tesla shareholder Baillie Gifford, was the biggest faller on the FTSE 100 on Tuesday, down 11%. Baillie Gifford was the biggest faller on the FTSE 250, down 8%.

Musk had last week said Teslas decision to buy $1.5bn in bitcoin was a company decision not driven by him. Teslas action is not directly reflective of my opinion, Musk said, again on Twitter.

Having some bitcoin, which is simply a less dumb form of liquidity than cash, is adventurous enough for an S&P 500 company ... When fiat [government-issued] currency has negative real interest, only a fool wouldnt look elsewhere. Bitcoin is almost as bs [bullshit] as fiat money. The key word is almost.

Tesla disclosed the bitcoin holding in a filing with the US Securities and Exchange Commission last month. The company said it had updated our investment policy to provide us with more flexibility to further diversify and maximise returns to allow it to invest cash reserve in alternative reserve assets including digital assets.

It said that since the decision was approved by its audit committee it had invested an aggregate $1.5bn in bitcoin under this policy and may acquire and hold digital assets from time to time or long term.

Musk has previously helped to drive the popularity of cryptocurrencies, including bitcoin and dogecoin, by regularly tweeting that he is a supporter of the cryptocurrencies. He has also joked that bitcoin is his safeword.

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Last month, the price of bitcoin soared after Musk said he was a supporter of the cryptocurrency in an interview carried on Clubhouse, a new social media app designed for wealthy people. I do think at this point bitcoin is a good thing, he said. And, so, I am a supporter of bitcoin. Like I said, I was late to the party, but I am a supporter of bitcoin. And I think, bitcoin is really on the verge of getting broad acceptance by conventional finance people.

He has previously changed his Twitter biography to #bitcoin.

Musk also tweeted on Monday that Teslas Model Y Standard Range SUV would still be available off the menu, following reports from electric vehicle newsite Electrek that the model had been removed as an option online.

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Elon Musk no longer worlds richest person as Tesla shares fall | Elon Musk | The Guardian

The Daily Caller reported:

Tesla CEO Elon Musk quipped back at The Washington Posts request for comment regarding an article about his future with the company, telling a reporter to give his regards to your puppet master.

The Posts piece wondered if Tesla can run on Autopilot and declared that Musk moved to Texas and embraced celebrity. The article elaborated on critics who have concerns that Musks schedule and public personality are beginning to show in the car company he runs.

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The company in question, Tesla, didnt respond to The Posts request for comment, the article notes. Musk, however, did with just one sentence presumably aimed at The Posts owner, Amazon CEO Jeff Bezos.

WaPo reporter Josh Dawsey tweeted about Musks response:

Tesla did not respond to repeated requests for comment. In response to emails seeking comment, Musk replied only: Give my regards to your puppet master. https://t.co/pGF1cr0IgP

Josh Dawsey (@jdawsey1) February 23, 2021

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"Give My Regards to Your Puppet Master" - Elon Musk to Washington Post Reporter

A question that has long bedeviled bitcoin observers is how to value it. Lately the answer to its worth has been whatever influential people like Elon Musk and star stock picker Cathie Wood say it is.

The original crypto asset bounced around this month as influencers weighed in. Bitcoin shot to a record high after Tesla revealed that the electric car company had converted $1.5 billion of its cash holdings into it. Then bitcoin got sucked into a downdraft when Tesla chief Musk suggested prices seem high. Prices lurched upward again after Wood, the investing rockstar and founder of ARK Investment Management, told Bloomberg she was very positive on bitcoin and glad to see a price correction.

Woods interview came after Square said it bought $170 million worth of bitcoin this month, and reported that about half of its revenue last quarter came from bitcoin. The payment company reiterated earlier comments founder Jack Dorsey made in an interview with Quartz that crypto asset has the potential to become the internets native currency. ARK has major stakes in Tesla, Square, and bitcoin in the funds it manages.

The difficulty in valuing bitcoin is, in some ways, a strength when it comes to speculation. The original crypto asset doesnt generate cashflows, a key metric for figuring the worth of a company. It isnt linked to a government, whose currency would typically fluctuate based on interest rates, economic growth, and inflation. Bitcoin hasnt caught on as a means of payment, but it has, throughout its dozen-year history, been a speculative object extraordinaire, and theres a case to be made that bitcoins price has bobbed around based on the trajectory of its sensational story. As Nobel prize winner Robert Shiller told Quartz during an earlier bitcoin boom in 2017, big things happen if someone invents the right story and promulgates it.

Wood, whose flagship fund has soared more than 140% in the past year, is dismissive of the bitcoin pessimists and says ARK sees many uses for it. The crypto assets supply is fixed, unlike fiat currencies, and she told Bloomberg that bitcoin is an even better bulwark against inflation than gold. She pointed out that its also resistant to confiscation, as bitcoin is decentralized and transactions take place outside the banking system. Often called digital gold, we believe bitcoin not only shares many of golds characteristics but also improves upon them, ARK analyst Yassine Elmandjra wrote in June.

Much, then, may hinge on whether bitcoin, created in 2009, can earn the kind of reputation for value protection that gold has developed over millennia. On Squares Cash App alone, more than 3 million customers bought or sold bitcoin last year; in January, more than 1 million of them bought bitcoin for the first time. Tesla, Square, and MicroStrategy have committed a chunk of their companies cash holdings to bitcoin. But other CFOs may not think its such a smart idea. Naresh Aggarwal of the Association of Corporate Treasurers in London told DealBook that doing so is more like putting money on a horse race than being prudent with cash reserves.

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Bitcoin price bobs on comments from Elon Musk and Cathie Wood - Quartz

In late January, Elon Musk said on Twitter that he'd donate $100 million toward a prize for best carbon capture technology. The announcement immediately brought attention to technologies that aren't new but remain relatively unknown.

Carbon capture at the source refers to a process where the carbon dioxide released from burning fossil fuels gets captured and stored. In carbon removal, the CO2 typically comes from the air, in what's called direct air capture, but it can also come from biomass. There are still very few companies working in the field, and the market is very small. Critics say that trying to remove carbon will always be less effective than simply transitioning to renewable energy. Proponents reply that this transition, while essential, won't be enough and that these technologies will be necessary to meet climate change reduction goals.

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Carbon is not the only greenhouse gas emission contributing to global warming, but it's the largest single one. That's why reducing its levels in the atmosphere is so important. Musk is not the only prominent supporter of these technologies. Bill Gates, who has a new book out, How to Avoid a Climate Disaster, has endorsed them as well.

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Elon Musk wants to remove carbon. What is he talking about? - CNET