Elon Musk said that he personally owns Bitcoin, Ethereum and Dogecoin, while Tesla and SpaceX both exclusively own Bitcoin. Tesla CEO Elon Musk said his space exploration company also owns the digital token — and has no plans to sell it Elon Musk’s love affair with Bitcoin runs deeper than previously known. The billionaire head […]
Tesla Plans to Open Its Charging Network to Other EVs Later This Year
Tesla CEO Elon Musk has confirmed that the company is opening up its Supercharger network to other EVs later this year. According to Musk, Tesla has created its own connector, as there was no standard back then and Tesla was the only maker of long-range electric cars. “It’s one fairly slim connector for both low […]
Bitcoin Jumps After Musk Says Tesla Will Accept Crypto When Miners Use Clean Energy
Elon Musk also said that Tesla sold about 10% of holdings to confirm bitcoin could be liquidated easily without moving market. 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%) […]
Tesla to Launch High-End Model S ‘Plaid’ to Fend Off Mercedes, Porsche
Tesla Inc will deliver a high-performance version of its Model S on Thursday, aiming to reignite interest in the nearly decade-old sedan and fend off rivals such as Porsche, Mercedes-Benz and Lucid Motors in the luxury electric vehicle market. Tesla Inc will deliver a high-performance version of its Model S on Thursday, aiming to reignite […]
Ark’s Wood Says Bitcoin ESG Push Makes Solar More Appealing
The value of bitcoin, the world’s largest cryptocurrency, has dropped approximately 30% this month due in part to concerns that its negative environmental impacts will discourage companies from adopting it. New York: A push toward relying more on renewable energy for bitcoin mining could make the underperforming solar industry more attractive, star fund manager Cathie […]
The rise of Hosur : Tamil Nadu, Karnataka, and the Race to Lure EV Makers – Ather to Ola Electric
A plethora of states want to host the future of automobile manufacturing. Some have taken an early lead to corner jobs of tomorrow. With TVS and Ather already there and Ola just a few hours away, Hosur is likely to see more action around EVs. But there is still time for other places to step […]
Elon Musk Wants a Greener Bitcoin. Has He Got a Plan or a Pipedream?
Tesla can itself take an active role in helping make bitcoin greener by investing in new projects aimed at boosting the use of renewable energy in mining, experts say. Elon Musk says Tesla Inc. won’t use or accept bitcoin until he can be sure it’s produced sustainably. He may be waiting some time. Musk announced […]
Elon Musk Realised That He Can’t Champion Both Renewable Energy and Bitcoin at the Same Time — Here’s Why
Cryptocurrency mining is a virtual process and consists of complex mathematical algorithms that need computation. The more you mine, the harder it becomes to mine further. Many have adopted green sources of electricity like solar and wind, but the proportion is minuscule. On Thursday morning, India time, cryptocurrency aficionados around the world read this news. […]
Why Does Bitcoin Consume ‘Insane’ Energy?
Obtaining bitcoin is an energy intensive endeavor, and the chart showed the evolution of its power usage, rising constantly from 2016 and accelerating sharply in 2020 on an annualized basis to hit its current level of 149 terawatt-hours (TWh), an all-time high. New York: Cryptocurrency fans have counted Tesla boss Elon Musk as among their […]
Bitcoin Tests $49,000 as Tesla’s Musk Steps up Criticism, but Talks up Dogecoin
The Tesla CEO said he worries about “massive use” of coal and other carbon-intensive energy to generate electricity needed to mine digital currency. Elon Musk stepped up his criticism of Bitcoin as environmentally unsustainable while also signaling support for another digital coin and saying he remains a believer in cryptocurrency. The Tesla Inc. chief executive […]