Elon Musk is being sued for $258 billion over accusations that he ran a pyramid scheme in order to promote a cryptocurrency named Dogecoin. Launched in 2013 as a joke, the digital asset was purely designed to mock Bitcoin. However, the DOGE cryptocurrency hit the headlines after climbing up dramatically in 2021. In a short … Read more →
The social media giant has maintained that spam and fake accounts make up less than 5% of the platform’s overall users. Tesla billionaire Elon Musk has apparently scored a win in his standoff with Twitter over repeated requests for access to its internal data on spam and fake accounts. On Wednesday, June 8, Twitter has … Read more →
Elon Musk is being sued by Twitter shareholders, who accuse him of acting illegally regarding his takeover bid of the social media platform. They claimed that the 50-year-old Tesla billionaire has attempted to bring down the platform’s stock price, by means of posting tweets concerning the number of bots or fake accounts on Twitter. They … Read more →
The price of bitcoin has plummeted after Tesla CEO Elon Musk announced that his company will be suspending the move to accept crytocurrency as payment for its electric vehicles. According to cryptocurrency news site Coindesk, bitcoin was down around 12% early Thursday morning, which brings the coin’s price down to about $50,900. After months of … Read more →
In a SEC filing on Monday, Tesla announced that it has bought some bitcoin cryptocurrency, worth $1.5 billion. In a filing with the Securities and Exchange Commission, the electric vehicle maker said it bought the bitcoin for “more flexibility to further diversify and maximize returns on our cash.” The company also said that very soon … Read more →
The era of connected cars and autonomous vehicles is definitely here. Carmakers are investing heavily in their own autonomous vehicles. The technologies are already on the market too, with Tesla leading the way and other car companies introducing their own versions soon after. Cars are getting smarter, but the smart features of modern cars introduce … Read more →
Zhejiang Geely Holding Group Co. have recently purchased Boston based company Terrafugia, with the aim to meet their target of selling flying cars by 2019. Heavy investment in flying car technology has come from both governments and private companies in the last few years – from Nasa and Uber in America to the Roads and … Read more →