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Elon Musk

Reuters | Equities.com |

Electric-car maker Tesla Inc will most likely restart accepting bitcoin as payments once it conducts due diligence on the amount of renewable energy used to mine the currency, Chief Executive Officer Elon Musk said at a conference on Wednesday.

Bitcoin was up 8% at $32,160.16, while ether surged 11.6% to $1,993.36. Tesla's shares were down 0.8% at $655.30 in extended trading.


AP News | Equities.com |

Tesla founder Elon Musk took to a witness stand Monday to defend his company’s 2016 acquisition of a troubled company called SolarCity against a lawsuit that claims he’s to blame for a deal that was rife with conflicts of interest and never delivered the profits he’d promised.

And to the surprise of no one, the famously colorful billionaire did so in the most personally combative terms.


Reuters | Equities.com |

Elon Musk arrived at court on Monday to defend Tesla Inc's 2016 acquisition of SolarCity against a lawsuit by shareholders seeking to recoup the $2.6 billion the company paid for the ailing solar panel maker.

Musk is slated to take the witness stand this morning, kicking off a two-week trial in Wilmington, Delaware, before Vice Chancellor Joseph Slights, who will decide whether the SolarCity deal was fair to Tesla stockholders.


Kimberly Redmond | Equities.com |

Tesla Inc (Nasdaq: TSLA) boss Elon Musk announced Sunday that his electric car company will permit vehicle purchases using bitcoin once it can confirm that 50% of the energy used to mine for cryptocurrency is derived from clean energy sources.

In a tweet, Musk said, “When there’s confirmation of reasonable (-50%) clean energy usage by miners with a positive future trend, Tesla will resume allowing bitcoin transactions.”


Kimberly Redmond | Equities.com |

After multiple price increases for Tesla Inc’s popular Model 3 and Model Y, chief executive officer Elon Musk finally addressed the matter, saying they have to do with the supply chain issues across the auto industry.

Since February, Tesla has incrementally raised prices five times and provided no comment on the changes, but Musk broached the topic Monday when he replied to Twitter user @Ryanth3nerd on Twitter who had written that he didn't like “the direction Tesla is going raising prices of vehicles but removing features like lumbar for the Model Y.”


Reuters | Equities.com |

Electric carmaker Tesla Inc marginally beat Wall Street expectations for first-quarter revenue on Monday boosted by a jump in environmental credit sales to other automakers and liquidating some bitcoins.

Tesla posted record deliveries in the first quarter despite a global chip shortage that has slammed auto sector rivals, but its profit was not driven by auto sales.


AP News | Equities.com |

SpaceX launched four astronauts into orbit Friday using a recycled rocket and capsule, the third crew flight in less than a year for Elon Musk’s rapidly expanding company.

The astronauts from the U.S., Japan and France should reach the International Space Station early Saturday morning, following a 23-hour ride in the same Dragon capsule used by SpaceX’s debut crew last May. They’ll spend six months at the orbiting lab.


Reuters | Equities.com |

Texas police will serve search warrants on Tesla Inc on Tuesday to secure data from a fatal vehicle crash, a senior officer told Reuters on Monday, after CEO Elon Musk said company checks showed the car’s Autopilot driver assistance system was not engaged.

Mark Herman, Harris County Constable Precinct 4, said evidence including witness statements clearly indicated there was nobody in the driver's seat of the Model S when it crashed into a tree, killing two people, on Saturday night.


Reuters | Equities.com |

Investor David Einhorn said on Thursday that prominent venture capitalist Chamath Palihapitiya and entrepreneur Elon Musk threw "jet fuel" on the GameStop Corp (NYSE: GME) trading frenzy in January when the video retailer's shares rose by 2,000% and later prompted a hearing in U.S. Congress.

Einhorn, who runs hedge fund Greenlight Capital, also said U.S. lawmakers seeking answers to how day traders were able to wrest control of GameStop's share price from established hedge funds should probe regulators instead of investors.


Reuters | Equities.com |

Billionaire entrepreneur Elon Musk’s brain-chip startup released footage on Friday appearing to show a monkey playing a simple videogame after getting implants of the new technology.

"First @Neuralink product will enable someone with paralysis to use a smartphone with their mind faster than someone using thumbs," Musk tweeted on Thursday.