Latest News

  SpaceX and Tesla CEO Elon Musk , who claims to be living in a modest $50,000, 37-square-metre prefab guest house in Boca Chica, Texas, has bought a $250,000 ticket to space from fellow billionaire Richard Branson 's Virgin Galactic. The Wall Street Journal reports that Musk had bought a ticket for his space ride before Branson touched the edge of space on Sunday. "It is unclear how far up the waiting list Musk is for a seat. Virgin Galactic said its tickets have sold for $250,000 each, and the company has collected $80 million in sales and deposits," the report said on Monday. In an interview with Sunday Times, Branson said: "Elon's a friend and maybe I'll travel on one of his ships one day. Musk and Branson are good friends. Read Full Article Here

  Tesla Inc chief Elon Musk is considering holding an AI Day in about a month, where the Silicon Valley billionaire will showcase the progress in AI software and hardware with an aim to recruit. "Looking at holding Tesla AI Day in about a month or so. Will go over progress with Tesla AI software & hardware, both training & inference. Purpose is recruiting," Musk tweeted on Monday. His latest plan to promote Tesla's technology comes amid the hiccups faced in the company's path to achieve full self-driving technology. Musk had during an earnings call in January said he was "highly confident the car will be able to drive itself with reliability in excess of human this year." But in May, Tesla informed the California Department of Motor Vehicles that it may not achieve full self-driving technology by 2021 end. Click Here

  Tesla Inc Chief Executive Officer Elon Musk tweeted on Sunday that the electric carmarker will resume allowing bitcoin transactions when miners who verify transactions use more renewable energy. "When there's confirmation of reasonable (~50%) clean energy usage by miners with positive future trend, Tesla will resume allowing Bitcoin transactions," he said in a tweet. Bitcoin rose 5.1% to $37,360.63 at 1810 GMT (2:10 p.m. ET) on Sunday, adding $1,817.87 to its previous close, after Musk's tweet. Musk also said that Tesla sold about 10% of holdings to confirm bitcoin could be liquidated easily without moving market. He announced in May that Tesla would no longer accept bitcoin for car purchases, citing long-brewing environmental concerns for a swift reversal in the company's position on the cryptocurrency. Bitcoin fell more than 10% after his tweet. Read Full Article Here

  Over the last six months, consumers have lost over $2 million in cryptocurrency to scammers impersonating Tesla and SpaceX CEO Elon Musk , according to the Federal Trade Commission (FTC). For years, scammers have posed as Musk to fraud social media users out of cryptocurrency, The Verge reported. They use deceptive tactics on sites like Twitter, often using the same avatar images as Musk's account and slightly misspelling his username. "Promises of guaranteed huge returns or claims that your cryptocurrency will be multiplied are always scams," the commission said in its report on Monday. Pretending to be Musk, the scammers will ask victims to send currency to a specific wallet address in exchange for receiving a larger payment in return. Click Here

  (Reuters) - Audio-chat app Clubhouse said on Monday it will launch a monetization feature for its creators on the platform and that it will not receive any payment from it. Starting Monday, all users will be able to send payments through the platform, Clubhouse said. The feature to receive payments will initially be available only to a small test group, and later rolled out to other customers. Users can send payment to Clubhouse creators who have the feature enabled, by tapping a 'Send Money' option. The audio-based social network company said a small card processing fee will be charged by its payment processing partner, Stripe. Read Full Article Here