Elon Musk News

Investing.com -- Bond yields pull back slightly following a surge on Thursday that weighed on the main indices on Wall Street, while Bitcoin tumbles after a news report claimed that billionaire Elon Musk's SpaceX wrote down the value of the cryptocurrency that it owns. Elsewhere, indebted developer Evergrande files for bankruptcy protection in the U.S., as problems continue to mount in China's massive property sector.

SpaceX's Bitcoin write-down report on Aug. 18  sparked confusion among the crypto community. The report published in Wall Street Journal puzzled many, who questioned whether SpaceX held $373 million worth of Bitcoin and sold it in 2021-22 or whether they only reduced their Bitcoin exposure by the same amount.

Jack Dorsey has quit his Instagram account after being inactive on the social media platform for years. Dorsey had also criticized the company's latest social media app, Threads for privacy concerns while calling it a ‘Twitter clone’. “Deleted my Instagram account after 12 years.

Amidst a volatile landscape, the cryptocurrency market has witnessed Bitcoin, currently trading at $26,423, experiencing a significant decrease of nearly 11% in the last seven days. 

Elon Musk on Thursday called entrepreneur Vivek Ramaswamy a ‘promising candidate’ for the 2024 US presidential election. He responded to a clip of Ramaswamy, shared on X (formerly Twitter), on Tucker Carlson’s online show. “He is a very promising candidate," said Elon Musk in a post on X.

Aerospace technology firm SpaceX reportedly sold roughly $373 million worth of Bitcoin (BTC) it acquired starting in 2021.

Auschwitz Memorial on Thursday criticised social media platform X, formerly known as Twitter, for failing to remove an antisemitic post on the site. X's owner Elon Musk has described himself as a free speech absolutist, but some critics have said his approach is irresponsible. Researchers have found an increase in hate speech and antisemitic content on the platform since he took over, and some governments have accused the company of not doing enough to moderate its content.

Elon Musk on Wednesday said two of his companies - Tesa and SpaceX are doing their best to help the people of Hawaii. Hawaii's Maui and the town of Lahaina have been devastated by wildfires that have claimed the lives of over 110 people.

Ethereum co-founder Vitalik Buterin has offered an analysis of the Community Notes tool from X — formerly Twitter — comparing the feature to an example of “crypto values” on social media. 

Elon Musk, reported Insider. Galloway said, "A mutal friend reached out and said Elon feels 'unfairly attacked,' by me, and wants to meet," Galloway posted on Threads. "I declined." Galloway said that two days later he could no longer access his X account, which has over half-a-million followers.

volatility in crypto is the elephant in the room. Regardless, it's necessary to grow your money to a considerable extent. Dogecoin (DOGE) and Monero (XMR) are generally regarded as the least volatile and safest long-term investments.

Tesla added new lower-range iterations of the Model S sedan and Model X sport utility vehicle to its lineup that cost $US10,000 ($15,460) less than their previous base prices.

SUV has a range of about 269 miles on one charge, less than the 348-mile range on the regular version. Tesla has cut prices for its U.S. vehicles multiple times this year in a bid to stoke demand in a competitive market.

By Mrinmay Dey and Akash Sriram

Elon Musk and Mark Zuckerberg's cage fight remains, the Tesla CEO on Tuesday said he planned to show up unannounced at Meta CEO's home to fight. However, a spokesperson for Zuckerberg at Meta said in a statement that the boss is currently travelling and isn't in Palo Alto, California. «Also, Zuckerberg takes this sport seriously and isn't going to fight someone who randomly shows up at his house,» the spokesperson added.

X owner Elon Musk says he will be going to Mark Zuckerberg's house today and the cage match could actually take place if the Meta boss answers the door. Musk said he will ask the Tesla fully self-driving car to drive to Zuckerberg's house, and X users will even be able to watch the duo's adventure via the new X livestream video feature.

Threads, the simple, bare-bones text-based social network created by Facebook owner Meta, burst onto the scene during a particularly bad week for the rival then still known as Twitter

Investing.com -- Shares in Tesla (NASDAQ:TSLA) dipped in premarket U.S. trading on Monday after the electric carmaker slashed the prices for some of its China-made vehicles, fueling concerns over an intensifying price war in the country.

BEIJING (Reuters) — Tesla (NASDAQ:TSLA) Inc has cut prices in China for its Model Y long-range and performance versions starting on Aug. 14, the company said in a notice on Monday.

cage fight between tech titans Mark Zuckerberg and Elon Musk seems to have hit a major roadblock, as the former has announced that it's «time to move on» from the spectacle. The rivalry between the billionaire CEOs took a dramatic twist as Zuckerberg publicly called out Musk's lack of commitment to the bout. In a recent post on his social media platform Threads, Zuckerberg expressed his frustration, stating, «I think we can all agree Elon isn't serious and it's time to move on. I offered a real date. Dana White offered to make this a legit competition for charity.» «Elon won't confirm a date, then says he needs surgery, and now asks to do a practice round in my backyard instead. If Elon ever gets serious about a real date and official event, he knows how to reach me. Otherwise, time to move on. I'm going to focus on competing with people who take the sport seriously,» he added.

A Uniswap developer known as “AzFlin” has been sacked by the founder of Uniswap Labs, Hayden Adams, for allegedly creating a memecoin and rug pulling it a few hours later for 14 wrapped-Ether (wETH), worth $25,800.