Tesla shares surge as electric carmaker’s deliveries beat estimates April 5, 2021 Shares of Tesla accelerated eight per cent in pre-market trading today, after the world’s most valuable carmaker posted record deliveries as a solid demand for its electric cars offset the impact of a global shortage of chips. The electric-car maker said on Friday it was encouraged by the strong reception of its Model Y crossover [...]
SpaceX: Elon Musk’s Starship rocket crash lands after test flight March 30, 2021 Elon Musk’s SpaceX has suffered another failed test flight of its Starship rocket, which appears to have exploded during a landing attempt today. The uncrewed prototype was successfully launched from Boca Chica in Texas this morning for its fourth major test flight. But the Starship appears to have been destroyed during a crash landing, though [...]
PayPal to allow US customers to use cryptocurrencies in online shopping March 30, 2021 PayPal is set to allow its US customers to use their cryptocurrency assets to pay online, a move that may signal a shift towards digital currencies for online shopping. Formally announcing the move later today, PayPal will allow customers to convert bitcoin, ether, bitcoin cash and litecoin into fiat currencies at checkouts, the company told [...]
Fireball stuns onlookers in Seattle as SpaceX rocket burns in atmosphere March 26, 2021 Onlookers have said they briefly thought “aliens were finally here” after a falling SpaceX rocket lit up the skies over the United States’ Pacific Northwest. The Falcon 9 second stage rocket drew awe from onlookers in Seattle as it burned up in the Earth’s atmosphere shortly after 9pm on Thursday. Front desk supervisor Eberton Paul [...]
Elon Musk allows customers to buy Tesla cars with Bitcoin March 24, 2021 Eccentric billionaire Elon Musk has allowed Tesla customers to pay with Bitcoin, should they want to. Early this morning Musk, who literally changed his job little to ‘Technoking’ of Tesla last week, tweeted: “You can now buy a Tesla with Bitoin”, and “Bitcoin paid to Tesla will be retained as Bitcoin, not converted to fiat [...]
UK in talks with Elon Musk’s Starlink over broadband rollout March 19, 2021 The government is in talks with Elon Musk’s Starlink over using satellites to help roll out full-fibre broadband in the most remote parts of the UK. Ministers today confirmed the launch of a £5bn plan to bring high-speed internet connections to properties across the country in the coming years. The government had originally set the [...]
Name-dropping: Elon Musk changes job title to Technoking of Tesla March 15, 2021 Eccentric billionaire Elon Musk has a history of riling shareholders with his unusual behaviour, and his latest stunt could put another black mark by his name. In a stock market filing today, the troublesome tycoon announced he has changed his job title to Technoking of Tesla, in addition to his current role of chief executive. [...]
Tesla shareholder sues Elon Musk over tweets March 12, 2021 A shareholder in electric car firm Tesla is suing outspoken boss Elon Musk, claiming that his tweets have exposed investors to billions in losses. The claim accuses Musk of breaking a settlement reached with the US Securities and Exchange Commission back in 2018. At that time, the regulator came down hard on the South Africa-born [...]
Tesla temporarily freezes production at California assembly plant February 25, 2021 Tesla, Elon Musk’s electric vehicle company, has told workers it will temporarily freeze parts of production at its assembly plant in California. Workers on a Model 3 production line in the California-based Fremont factory were told their line would be down from Monday until 7 March, according to Bloomberg. Impacted staff expected to take holiday [...]
Elon’s Bitcoin bet hands Jeff Bezos back title of world’s richest person February 23, 2021 Elon Musk is now merely the second richest person alive, after the eccentric entrepreneur’s Tesla ploughed $1.5bn dollars into Bitcoin, which has plummeted in value in recent days. Tesla’s share price has fallen around 25 per cent from its peak, amid sell-off of high-flying technology stocks. Tesla’s fall was compounded still by the fall in [...]