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Musk thanked by Chinese ambassador for suggesting special administrative zone for Taiwan

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elon musk taiwan

China’s envoy to the US commended Elon Musk for suggesting a special administration zone for Taiwan. Taiwan’s de facto ambassador to Washington rebuked Musk, stating that Taiwan’s “freedom and democracy are not for sale”. China has long threatened to subjugate Taiwan, which it claims as one of its provinces. China’s envoy to the United States … Read more

Elon Musk can finalize Twitter deal by Oct 28 without lawsuit

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Elon Musk Twitter deal

A Delaware judge halts Twitter’s case against Elon Musk. The delay will allow Musk to fund his $44 billion acquisition of the social media site. Twitter shares increase 1% after hours; they closed down 3.7% earlier in the day. On the eve of trial, a Delaware court on Thursday halted Twitter’s case against Elon Musk, … Read more

Tesla to Collaborate With Pakistan’s NUST Formula Electric Team

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Tesla and NUST Formula Electric Team

NUST group of students enlisted Tesla as their creative partner. FERN is the first educational organization to work with world’s auto sector. The team has a proven track record of placing on the podium. Formula Electric Racing NUST (FERN) routinely achieves key milestones, making impacts in the IT and automotive industries. The Pakistan Navy Engineering … Read more

Musk claims Tesla Cybertruck can also become a boat

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Musk claims Tesla Cybertruck can also become a boat
  • Tesla Cybertruck will be able to cross water if necessary, according to the company’s CEO.
  • The electric vehicle is made of stainless steel, and it has a stylish, geometrical shape.
  • Production was scheduled to begin in 2022, however, the launch date has been moved to 2023.

Elon Musk, the wealthy CEO of Tesla, stated that if necessary, the Tesla Cybertruck will be strong and safe enough to function “briefly as a boat.”

The CEO of the company claimed on Twitter that the futuristic truck, which resembles something out of a science fiction film, will be waterproof and able to “cross rivers, lakes, and seas that are not too turbulent.”

Musk cited the need for the vehicle to cross the channel between the SpaceX facility Starbase and South Padre Island as the reason the Cybertruck was constructed in that manner.

 

Tesla enthusiasts became intrigued right away.

Even the truck was imagined by a user.

https://twitter.com/chicago_glenn/status/1575508807232405507?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1575508807232405507%7Ctwgr%5E20f971e81d1ce8de13f6525f090df73456f9c0e7%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.geo.tv%2Flatest%2F443707-sea-bertruck-elong-musk-says-tesla-cybertruck-will-be-able-to-serve-as-a-boat

In 2019, the Tesla Cybertruck was unveiled. Tesla’s production was scheduled to begin in late 2022, however, the launch date has been moved to the beginning of 2023.

The electric vehicle is made of stainless steel, which is also used in rockets, and it has a stylish, geometrical shape.

According to the Tesla website, the truck outperforms sports cars in terms of performance.

Musk had stated in a tweet earlier this year that the initial manufacturing would be a four-motor model with separate, ultra-fast reaction torque control of each wheel.

 

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Elon Musk launches Tesla Humanoid Robot

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Elon Musk launches Tesla Humanoid Robot
  • Elon Musk, the CEO of Tesla, has unveiled a prototype of the Optimus humanoid robot.
  • Production may begin as early as next year, and future uses could include cooking, gardening, and other things.
  • According to reports, the robot was ready in just six months.

The future depicted in the film I, Robot is getting closer to us.

According to Tesla’s latest robot demonstration, we will soon have robots helping us with daily duties, at least in factories before our homes.

Elon Musk, the CEO of Tesla, has unveiled a prototype of the Optimus humanoid robot. With its autopilot driver assistance system available on its cars, Tesla provides some of its AI software and sensors.

It was also the first time Optimus operated without a tether on stage, according to Musk, who claims that it will be able to accomplish far more than what was demonstrated live.

The CEO continued, “Optimus is built for mass manufacturing to be created in millions, which makes it different from previous amazing humanoid robots.”

The robot entered the stage first and performed the “raise the roof” dance motion. A few videos showing Optimus performing additional jobs, like as picking up boxes, are also provided by the company.

Later, the Tesla team unveiled a new prototype of Optimus that was “quite near to production,” with its body fully constructed but not yet fully functional.

Although it could wave to the crowd, Musk claimed that it wasn’t yet ready to walk. According to reports, the robot was ready in just six months.

It boasts Wi-Fi and LTE connection, a 2.3kWh battery pack, and a Tesla SoC. The presentation concentrated on how the robot moved its hands and joints, demonstrating how it analysed data for each joint.

In the future, this should enable the robot to pick up tiny parts with a precise grip.

According to Musk, production may begin as early as next year, and future uses could include cooking, gardening, and other things.

According to him, the assembly line and production operations of the corporation would undergo a revolution. Its pricing could be “likely less than $20,000.”

 

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Elon Musk claims that salted butter tastes fantastic at room temperature

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Elon Musk

Elon Musk claims that salted butter is delicious. It should be kept at room temperature. The CEO of Tesla is highly active online. Billionaire Elon Musk certainly knows how to keep his social media fans engaged. The CEO of Tesla is highly active online and frequently posts information that quickly goes viral and occasionally stirs … Read more

Tesla wants safety organization’s to remove recordings

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Tesla

Tesla Inc (TSLA.O) has demanded a safety advocacy group take down. Videos of its vehicles running over child dummies when its driver. Assistant system was engaged, calling them “defamatory” and “misleading.” Tesla threatened to take legal action, saying the tests in the videos are “likely fraudulent” and “misrepresent. The capabilities of Tesla’s technology.” The group, the … Read more

Elon Musk’s ex-girlfriend auctions unseen photos

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Elon Musk's

Jennifer Gwynne used to date Elon Musk when they were students at the University of Pennsylvania. She is auctioning his old photos to raise money for her stepson’s college. The lowest bids start at $100 for most of the 18 photos up for auction. Jennifer Gwynne, who used to date Elon Musk, has put up … Read more

Tesla to urge dismissal of California agency’s race bias claim

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Tesla

Tesla Inc’s (TSLA.O) legal counselors on Wednesday will encourage. California judge to toss out a claim by the state’s social equality organization. blaming the electric vehicle creator for far reaching  at a gathering plant. Tesla, which has denied bad behavior, and its legal counselors didn’t answer a solicitation for input on Tuesday. Neither did the … Read more

Amber Heard’s behavior sparks reunion rumours with Elon Musk

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Amber Heard

Amber Heard changed her legal team to appeal defamation case against Johnny Depp. There are rumor’s that Musk will assist Amber financially. Are they still dating? Amber Heard, a Hollywood actress, recently changed her legal team in order to appeal the defamation case judgement, which has sparked rumours that she might be trying to rekindle … Read more

Tesla supercomputer is great, but the next will be better

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tesla supercomputer

Tesla’s in-house supercomputer has 1,600 more graphics processing units (GPUs) than a year ago. The machine now has 7,360 A100 chips, which are designed for data centre servers. Tesla may be just getting started with its plans for high-performance computing. The number of GPUs in Tesla in-house supercomputer has gone up by 1,600, which is … Read more

Is Amber Heard on hunt for new partner after being dumped by Tesla CEO Elon Musk?

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Amber Heard

Hollywood actress “Amber Heard,” who has been spotted spending time with a friend in Tel Aviv, appears to be looking for a new relationship. The actress from Aquaman is undergoing legal conflicts with her ex-husband. Hollywood actress ‘Amber Heard’, who has been seen enjoying quality time with her pal in Tel Aviv, seems to be … Read more

Tesla Releases New Image of Optimus Humanoid Robot Prototype

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Tesla Optimus Humanoid Robot

Company plans to build robot using its knowledge of power electronics. Tesla hopes that robot will be useful for both business and personal use. Tesla displayed a photo of Optimus at its annual shareholder meeting. Tesla is now teasing us with a new picture of the Optimus Humanoid Robot Prototype. Last year, the event Tesla … Read more

Twitter to make shareholders vote on Elon Musk accession

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Twitter Elon Musk
  • Twitter shareholders will vote on September 13 on whether to approve the $44 billion acquisition of the company by Tesla.
  • The company is in a legal dispute with the CEO of Tesla, Elon Musk, over the deal.
  • The case will be tried for five days in October, a judge’s decision from last week.

Despite the company’s ongoing legal dispute with the multibillionaire CEO of Tesla over the deal, Elon Musk, Twitter has set a date for its shareholders to vote on whether to approve the $44 billion acquisition.

According to a regulatory filing, the business informed shareholders in a letter delivered on Tuesday that a virtual special meeting will be held on September 13 to vote on the merger deal.

The announcement comes as Twitter (TWTR) and Musk’s legal battle against the acquisition heats up.

Earlier this month, Musk tried to cancel his agreement to purchase Twitter, alleging that the firm had broken the terms of the agreement by making false assertions about the number of bot accounts using its network and withholding information that would have allowed him to assess the problem.

Days later, Twitter sued the businessman, requesting that the judge order him to carry out the agreement. The case will be tried for five days in October, according to a judge’s decision from last week.

Aside from the Musk lawsuit, one of the few remaining formal processes required to complete the purchase is the shareholder vote.

The board of Twitter has unanimously advised shareholders to approve the deal. Additionally, if shareholders approve the deal, Twitter may have more negotiating power in its legal battle with Musk.

A 38 percent premium above the stock price the day before Musk declared in April that he had become one of Twitter’s largest shareholders was stipulated in the acquisition deal, which stipulated that Musk would pay $54.20 for each share of Twitter that was still in circulation.

According to a statement from the board of Twitter, the company is “committed to finalizing the merger on the price and terms agreed upon with Mr. Musk.”

 

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Elon Musk: Tesla Sold Its Bitcoin Due to China’s COVID Lockdowns

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Elon Musk
  • Tesla sold 75 percent of its Bitcoin holdings, valued at around $936 million.
  • Company changed majority of Bitcoin to fiat currency for a realised gain, resulting in a $106 million charge.
  • China’s “zero COVID policy” is being tested once more, sparking fresh economic headwinds.

Elon Musk, CEO of Tesla, detailed during today’s results call why the business sold 75 percent of its Bitcoin holdings, valued at around $936 million, as reported in its Q2 earnings report.

“The reason we sold a bunch of our Bitcoin holdings was that we were uncertain when the COVID lockdowns in China would alleviate,” Musk said on the call. Given the unpredictability of COVID lockdowns in China, it was crucial for us to optimise our cash position.

Despite the fact that China had loosened COVID restrictions in major cities at the end of May, an increase in instances in Beijing and other critical regions caused the government to reinstate restrictions a few weeks later. In Shanghai, mass testing and lockdowns were performed earlier this month.

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Tesla Q2 2022 report, 75% of its bitcoin assets have been sold

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Tesla bitcoin
  • Tesla has sold off 75% of its bitcoin assets.
  • The electric vehicle manufacturer invested $1.5 billion in bitcoin in the first quarter of 2017.
  • In the last four months, the price of bitcoin has lost half of its value.
  • Tesla’s sales increased its cash position by $936 million.

Early last year, Tesla invested $1.5 billion in bitcoin, betting on the digital currency’s “long-term potential,” as described by the electric vehicle manufacturer. The business has already sold off three-quarters of its assets.

“As of the end of Q2, we have converted approximately 75% of our Bitcoin purchases into fiat currency,” Tesla said in its second-quarter earnings statement on Wednesday. The corporation reported that these sales increased its cash position by $936 million.

It’s a swift turnaround for Tesla and CEO Elon Musk, who frequently tweeted about various digital currencies during last year’s cryptocurrency boom. In the previous four months, the price of bitcoin has lost half of its value, resulting in a “crypto winter.”

The fair market value of Tesla’s bitcoin holdings hit $2.48 billion in the first quarter of 2021 and was approximately $2 billion by the end of the year. Bitcoin began the second quarter above $46,000 and ended below $19,000, but the company did not disclose the price at which it sold its holdings or the magnitude of its impairment.

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Elon Musk shirtless photos during his vacation go viral

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elon musk

Elon Musk pulled out of the much-discussed Twitter agreement. However, he did make a quick trip to Mykonos, Greece. Musk was captured on a Zeus-named luxury yacht sailing in the Aegean Sea. Photographs of him shirtless have since gone viral. Elon Musk, the CEO of Tesla, might be in a multi-billion dollar legal battle because … Read more

Errol Musk reveals his second child with stepdaughter

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errol musk

Elon was furious after hearing about his father’s second child. Errol stated he welcomed a baby daughter 3 years ago. He revealed that his child was unplanned. Errol Musk, the father of tech billionaire Elon Musk, has claimed to have fathered a second unplanned kid with his 35-year-old stepdaughter, Jana Bezuidenhout. Errol, 76, stated in … Read more

Wall Street trembles as CPI data fuels concerns about rate hikes

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Wall Street

All three major U.S. stock indexes burst.  On the heels of the Labor Department’s highly anticipated Consumer Prices (CPI) data. The Nasdaq Composite was last in positive territory. While the S&P 500 was essentially unchanged. The Dow Jones was modestly red. Wall Street stocks changed on Wednesday as financial backers processed areas of strength shockingly … Read more

Elon Musk reportedly wants out because Tesla shares fell

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Elon Musk reportedly wants out because Tesla shares fell

Twitter said Musk was trying to get out of the deal under false pretenses. Twitter sued Elon Musk on Tuesday for trying to terminate his takeover bid. Elon Musk’s net worth has dropped by $65 billion. Twitter sued Elon Musk on Tuesday because the billionaire tried to end his plan to take over the company. … Read more

Rivian will discuss layoffs at a meeting as Tesla will eliminate 229 workers

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Rivian

 Rivian Automotive will brief employees on potential layoffs. Plans to suspend some programs.  Tesla will permanently shut its office in San Mateo, California. It will lay off 229 employees. Rivian Automotive (RIVN.O) will brief representatives on Friday on expected cutbacks and plans to suspend a few projects as a component of a more extensive rebuilding, … Read more

Mars, birth rates, but no Twitter: Elon Musk captivates Sun Valley moguls

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Elon Musk

Musk talked about colonising Mars and praising increasing birth rates on Earth. Allen & Co Sun Valley Conference is an off-the-record meeting of media and technology executives. Hollywood worried about how a worsening economy could affect their investments . Elon Musk avoided bringing up the failed Twitter deal when he spoke to a group of … Read more

U.S. agency to open probe into fatal Florida Tesla crash

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Tesla

The NHTSA has opened a special inquiry into a fatal Tesla crash in Florida. The NTSB is already looking into 830,000 Tesla vehicles equipped with Autopilot. Since 2016, NHTSA has started 36 special crash investigations involving Tesla Inc. vehicles. The 66-year-old Tesla driver and the 67-year-old passenger died in a crash in Florida on Wednesday. … Read more

Musk pulling out of $44 billion deal prompts Twitter to promise legal action

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Musk

Elon Musk ends his $44 billion deal to buy Twitter (TWTR.N). The social media company had breached multiple provisions of the merger agreement.  Shares of Twitter were down 6% at $34.58 in extended trading. That is 36% below the $54.20 per share Musk agreed to buy Twitter for in April. Elon Musk, the CEO of … Read more

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