Tesla reported its financial results for the third quarter of 2024 which reveals the company didn’t sell any of its 11,509 Bitcoins, currently valued at around $765 million.
Tesla’s showcase of its humanoid robots created a lot of excitement in the tech world. Footage of the Optimus robots walking smoothly, completing tasks, and engaging with the crowd spread across the globe.
At the “We, Robots” event on October 10 at Warner Brothers Studio in Burbank, California, Elon Musk unveiled the Tesla Robotaxi. This autonomous electric vehicle, modeled after the futuristic Cybertruck, is called the Cybercab.
Tesla shareholders have approved a $56 billion compensation package for CEO Elon Musk. The decision came despite concerns from some institutional investors and proxy firms. Musk himself confirmed the positive vote outcome yesterday, though detailed results are expected to be released soon.
Tesla board chair Robyn Denholm has called on shareholders to approve a $56 billion pay package for Elon Musk, warning that the current CEO might otherwise resign. A re-vote is scheduled for June 13, following an initial rejection by shareholders that was subsequently overturned by a court ruling.
In a recent interview with Joe Rogan, Tesla CEO expressed his critical views on the majority of non-fungible tokens, emphasizing the lack of embedded image code within the respective blockchains.
The producer of Blade Runner 2049, a sci-fi film produced in 2017, sues Elon Musk and Tesla. The reason - promotional materials used for the company’s cybercab robotaxi.
Tesla, one of the world’s leading electric vehicle manufacturers, has moved over $765 million worth of Bitcoin to several unidentified crypto wallets.
Tesla investors have accused Elon Musk of diverting the company's resources and personnel to benefit his AI project, xAI.
Elon Musk, the CEO of Tesla and SpaceX, has dropped his lawsuit against OpenAI and its CEO Sam Altman. The suit, filed in California in February 2024, was retracted just one day before a scheduled court hearing on a dismissal motion filed by the defendants.
Elon Musk's Tesla, renowned for its pioneering electric vehicles, has launched the second generation of its humanoid robot called “Optimus”.
Statistics from Coinglass indicate liquidations of $1 billion in the last 12 hours, with $483 million in BTC and $300 million in Ethereum. Some market analysts are identifying potential incidents that may have instigated this downfall: The Wall Street Journal has noted that SpaceX liquidated $373 million in Bitcoin across 2021 and 2022, and Tesla has divested more than 30,000 BTC (75% of its stake) for $936 million in Q2 of 2022. The investment holding company China Evergrande Group has filed for bankruptcy. It was rumored that Tether had backed a portion of its USDT using commercial papers from this entity. Sellers sprang into action shortly after. With Bloomberg announcing that the SEC is slated to approve the first-ever Ethereum-based ETF futures by October, Ethereum's market value promptly surged by 11%.
