Archives of “Elon Musk” tag

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Elon Musk is now the world’s richest person

  
  Analysis
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Elon Musk passes Jeff Bezos

Elon Musk passes Jeff Bezos
Shares of Tesla are up another 4.2% today and with that, Tesla CEO Elon Musk has passed Jeff Bezos to become the world’s richest person, according to Bloomberg calculations. His net worth is $188 billion dollars, about $1.5 billion more than Bezos.
In the past 12 months, Musk’s net worth has risen by more than $150 billion on a 750% rise in Tesla’s share price. He owns 20% of the company but also holds options that are now worth $42 billion.
The Tesla chart is breathtaking
Tesla musk
Tesla is now the world’s sixth-largest company.
It’s not just Musk, the 500 richest people in the world added 31% to their wealth last year, according to Bloomberg.

A huge Twitter hack appears to be underway

  
  Analysis
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Elon Musk and crypto exchanges targeted

The Twitter accounts of many the largest cryptocurrency exchanges and influences appear to have been hacked, along with Elon Musk and others. They’re directing people to make bitcoin donations. Some on the list:
  • Cz
  • Binance
  • Gemini
  • Bitlord
  • Coindesk
  • Justin sun
  • Kucoin
  • Coinbase
  • Charlie lee(Satoshi lite)
  • Gate.io
  • Angelobtc
  • Tron
  • Bitcoin
It’s tough to imagine that the were hacked individually. Rather this looks like it’s something internally via twitter or some third party service involved with twitter. That looks bad for the company.
Elon Musk and crypto exchanges targeted
Let me tell you, if I wanted to make money and could hack Elon’s account, I would be buying TSLA puts/calls, rather than asking for Bitcoin donations.
Update: They got Bill Gates too.

Elon Musk says Tesla would have gone bankrupt if he didn’t shift production from solar

  
  Analysis
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That’s quite the admission

Tesla would have gone bankrupt if CEO Elon Musk didn’t shift workers from Solar City to Model 3 production, he said in a deposition that was just made public.
“If I did not take everyone off of solar and focus them on the Model 3 program to the detriment of solar, then Tesla would have gone bankrupt,” Musk said in a June pre-trial deposition made public in state court in Delaware. “So I took everyone from solar, and said: ‘instead of working on solar, you need to work on the Model 3 program.’ And as a result, solar suffered, as you
would expect.”
That’s a pretty serious thing to admit — and not to disclose at the time it was happening.
The deposition was in a lawsuit from pension funds that argue Tesla shouldn’t have spent $2 billion to buy SolarCity when it was struggling itself. The insinuation is that Tesla bailed out Musk’s other project to save face.
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