Tag Archives: Elon

(Reuters) – Tesla Chief Executive Officer Elon Musk was named Time magazine’s “Person of the Year” for 2021, a year that saw his electric car company become the most valuable carmaker in the world and his rocket company soar to the edge of space with an all-civilian crew.    Musk is also the founder and CEO of SpaceX, and leads brain-chip startup Neuralink and infrastructure firm The Boring Company. Tesla’s market value soared to more than $1 trillion this year, making it more valuable… Source link

The war of words between Binance founder and CEO Changpeng Zhao and Tesla CEO Elon Musk is heating up. Musk tweeted at Zhao on Tuesday after the cryptocurrency exchange limited withdrawals of dogecoin. “Well, I don’t intend to be sassy on Twitter… In his tweet he said I am shady,” said Zhao, known as CZ in crypto circles, on Yahoo Finance Live, when asked about the recent Twitter exchange.  “I am not aggressive by nature, but not submissive or cowardly when it comes to defending our… Source link

Reuters IBM, Amazon partner to extend reach of data tools for oil companies International Business Machines Corp and Amazon.com Inc’s Amazon Web Services said on Monday they would work together to extend the reach of a set of tools that oil companies use to manage disparate types of data. Amazon in 2018 worked with Royal Dutch Shell to create a technology to turn data from more than a century of oil production, largely from paper records, into a standardized format for multinational oil… Source link

(Bloomberg) — Elon Musk has lost $50 billion so far this week after Tesla Inc. shares plunged for the second day in a row. Most Read from Bloomberg It’s the biggest two-day decline in the history of the Bloomberg Billionaires Index, and the biggest one-day fall after Jeff Bezos’s $36 billion plunge following his divorce from MacKenzie Scott in 2019. Tesla’s rout comes amid a tumultuous few days for the automaker. It started when Musk asked his Twitter followers over the weekend whether… Source link

(Bloomberg) — Elon Musk was acting as a proper chief executive officer as Tesla Inc. weighed the purchase of power provider SolarCity in 2016, his longtime ally and fellow Tesla director Antonio Gracias told a judge. A two-week trial over the billionaire CEO’s role in the $2 billion transaction wrapped up on Monday, and now Judge Joseph Slights III must decide whether Musk — who was the solar company’s chairman and largest shareholder at the time — properly removed himself from the… Source link

Welcome back to This Week in Apps, the weekly TechCrunch series that recaps the latest in mobile OS news, mobile applications and the overall app economy. The app industry continues to grow, with a record 218 billion downloads and $143 billion in global consumer spend in 2020. Consumers last year also spent 3.5 trillion minutes using apps on Android devices alone. And in the U.S., app usage surged ahead of the time spent watching live TV. Currently, the average American 

Elon Musk unveiling of the Tesla Model Y in Hawthorne in 2019. A new book doles out the credit and blame for the electric car’s ups and downs. (Frederic J. Brown / AFP via Getty Images) Apple Chief Executive Tim Cook and Tesla Chief Executive Elon Musk are talking on the phone. The 2016 unveiling of the make-it-or-break-it Model 3 is coming soon, but Tesla is in serious financial trouble. Cook has an idea: Apple buys Tesla. Musk is interested, but one condition: “I’m CEO.” Sure, says Cook…. Source link

On May 8, billionaire Tesla CEO Elon Musk appeared on “Saturday Night Live” after having tweeted about cryptocurrency Dogecoin (DOGE-USD) for months. Since that appearance, the digital asset is down nearly 80%. Dogecoin’s value peaked right before the show aired on the expectation that Musk, who had become known as a doge bull, might plug the coin, sending it higher, or “to the moon.” Musk did talk about it during the Weekend Update segment – he was asked repeatedly by hosts… Source link

Leave it to Elon Musk to give Dogecoin the lift it sorely needed. With yet another market-moving tweet on Friday, the Tesla chief—who famously dubbed himself “The Dogefather”—lifted Dogecoin out of its recent slump, driving the crypto meme-coin back above 22 cents after a steady decline that had seen it slip below 20 cents on Thursday. That’s still a long way from Dogecoin’s heady highs in May, when it broke 74 cents in the buildup to Musk’s hotly anticipated Saturday Night… Source link

Elon Musk, the world’s second-richest man, told Twitter he rented a $50,000 house in Texas. He’s speculated to be living in a prefabricated home made by the housing startup Boxabl. The billionaire appears to be keeping a promise he made in May last year to “own no house.” Visit Insider’s homepage for more stories. Tesla CEO Elon Musk – the world’s second-richest man, with a net worth of about $185 billion – said in a tweet in June that he rented a home in Boca Chica, Texas, that costs $50,000. On… Source link