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Billionaire Elon Musk has been Dogecoin’s biggest supporter, and he has not been shy to say it. It was indeed the SpaceX CEO’s tweets that triggered the bull rally that saw the meme coin hit a high of $ 0.7 last year before starting its slow downtrend. However, even with the fact that Dogecoin has seemingly lost most of its gained value, Elon Musk has not relented on his support for Dogecoin and explained why he loves it in a recent podcast.
What’s Not To Love?
A Q2, 2022 update by Telsa shows the company sold 75% of its bitcoin holdings, adding $ 936 million in cash to its balance sheet.
Today, it was announced in a Q2 update by Tesla that the electric car manufacturer had sold 75% of its bitcoin holdings.
“As of the end of Q2, we have converted approximately 75% of our Bitcoin purchases into fiat currency,” the update stated. “Conversions in Q2 added $ 936M of cash to our balance sheet.”
Tesla held around a total of 42,000 BTC at the start of Q2, and sold the majority of the bitcoin at an average price of ~$ 29,000.
Watch Will’s analysis on the founder of Blue Origin & Amazon, Jeff Bezos’ plans to launch around 3,200 low-orbit satellites which will provide fast and accessible broadband to the masses and how it increases the space battle competition for the founder of Tesla, Elon Musk. Make sure to subscribe CCNMarkets on Youtube: https://bit.ly/2Kvn6xn
The post Jeff Bezos and Elon Musk’s Space Showdown appeared first on CCN Markets
Tesla stock has been in turnaround mode after Elon Musk delivered on his bold claim of achieving a “record” quarter. But all is not well in Tesla-land as executive departures continue to mount at an alarming rate. Scoop: Tesla's VP of interior & exterior engineering, Steve MacManus, is out. He's (at least) the third executive […]
The post Tesla Bigwigs Keep Jumping Ship Despite Elon Musk’s Record Quarter appeared first on CCN Markets
SpaceX founder Elon Musk loves to talk about going to space. Fellow starstruck billionaire Sir Richard Branson plans to actually travel there. Next month. He’ll ride aboard one of his own Virgin Galactic rocket ships. The Daily Beast reports Branson’s virgin space flight will coincide with the 50th anniversary of the Apollo 11 Moon landing. […]
The post Billionaire Richard Branson Puts His Money Where Elon Musk's Mouth Is appeared first on CCN Markets
By CCN Markets: In a legislative move that only Bizarro World could love, the New York State Senate has passed a bill that makes possession of a flamethrower for recreational use a crime. The bill now moves to the Assembly. Even more bizarre, this bill appears to be the direct result of everyone’s favorite circus ringmaster, Elon Musk. The Boring Company Flamethrower Eighteen months ago, Elon Musk and The Boring Company introduced a $ 500 flamethrower that uses propane. Ever-a-sucker for anything Elon Musk announces, 20,000 orders for The Boring Company flamethrower were placed. Perhaps Tesla owners grew impatient waiting for
Tesla (TSLA) CEO Elon Musk has been on a crypto kick in recent months, touching on everything from Dogecoin (DOGE) to Bitcoin memes. On Saturday, Musk continued interacting with the crypto community, responding to CT influencer CryptoCobain (yes, Kurt lives on in the cryptosphere), who jokingly asked Musk to sue him for saying that Musk is […]
SludgeFeed
Tesla CEO Elon Musk has announced that the electric car maker’s long-serving chief financial officer (CFO), Deepak Ahuja, is leaving the company after over a decade of service, CNBC reports. Musk made the announcement towards the end of an earnings conference call. Tesla’s shares fell sharply by nearly 5% in after-hours trading. This is not Ahuja’s first time to resign from the electric car maker. He first departed in 2015 only to rejoin two years later. This was to replace Jason Wheeler, who had abruptly resigned as the CFO. How do you not include the departure of your CFO in
SpaceX, the rocket company founded by Tesla billionaire Elon Musk, is laying off 10 percent of its 6,000-employee workforce. The layoffs are part of a move to streamline the business and cut costs. “SpaceX must become a leaner company,” President Gwynne Shotwell wrote in a Friday email. The news was first reported by the Los
The post Elon Musk’s Bad Week Gets Worse as SpaceX Lays off 600 People appeared first on CCN
Twitter took the unusual step of locking Elon Musk’s account yesterday after the billionaire Space X and Tesla founder posted a lighthearted tweet asking a follower if they would like to buy bitcoin. Revealing this in a tweet posted earlier today, Musk said: Twitter thought I got hacked & locked my account haha — Elon
The post Twitter Locked Elon Musk’s Account after ‘Buy Bitcoin’ Tweet appeared first on CCN
Yesterday, various news websites including The Next Web reported that Elon Musk’s Boring Company was accepting bitcoin as a form of payment for its famous flamethrowers. However, it has now been revealed — also by TNW — that it is a fake website created by a scammer and that the real Boring Company is not accepting cryptocurrency.
The post Fake News: Elon Musk’s Flamethrower Company isn’t Accepting Bitcoin appeared first on CCN
The Boring Company, an infrastructure and tunnel construction company founded by serial entrepreneur Elon Musk, now accepts payments in various cryptocurrencies for its “Not A Flamethrower” novelty product. First discovered by The Next Web, the available check out payment options for the flamethrower include Bitcoin (BTC), Bitcoin Cash (BCH), Litecoin (LTC) and Ethereum (ETH), in […]
SludgeFeed
A business magnate’s Twitter account got hacked and started promising free Bitcoin and Ethereum to its 22.5 million followers. Elon Musk, CEO & co-founder of Tesla, became the victim of growing hacking incidents on Twitter – for the second time. As the tycoon got busy posting philosophical tweets, his impersonator with a verified Twitter account
The post Hackers Hijack Elon Musk’s Twitter, Offer ‘Free’ Cryptocurrency appeared first on CCN
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