Tag: Elon Musk

Elon Musk has announced the formation of a new political group, the “America Party,” promising to support Bitcoin and challenge the dominance of the Republican and Democratic parties. The move, revealed on social media platform X, comes amid growing public frustration with traditional politics and government spending. Responding to a ...

Social media platform X, owned by Elon Musk, is launching a new feature-rich messaging tool called XChat, aimed at rivaling established encrypted communication apps like Signal and Telegram. According to a June 1 X post by Musk, XChat includes audio and video calls, file sharing, disappearing messages, and “Bitcoin-style encryption.” ...

Elon Musk has officially announced his departure as the Biden administration’s government cost-cutting czar, marking the end of a turbulent tenure aimed at slashing federal spending and jobs. In an X post, Musk confirmed that his term as head of the Department of Government Efficiency (DOGE) will conclude on May ...

Tesla retained its Bitcoin holdings through the first quarter of 2025, as CEO Elon Musk reassured shareholders of his intent to reduce involvement in the Trump administration’s cost-cutting initiatives. This commitment appeared to bolster investor confidence, propelling Tesla’s (TSLA) stock up by 5.4% in after-hours trading on April 23 to ...

Elon Musk’s recent remarks on law enforcement actions against Reddit users targeting Department of Government Efficiency (DOGE) employees have sent Dogecoin soaring by 5%. On February 4, Musk responded to a Reddit Lies post from the Reddit account. The post exposed anonymous users allegedly threatening DOGE employees with violence, including ...

U.S. President-elect Donald Trump has appointed tech entrepreneur Elon Musk and business leader Vivek Ramaswamy to lead the Department of Government Efficiency (DOGE), an initiative aimed at reducing government spending. DOGE's primary mission is to address the massive $6.5 trillion federal budget, targeting areas of wasteful spending and excessive regulations. ...

Tesla shareholders have filed a lawsuit against CEO Elon Musk and other executives, accusing them of prioritizing Musk's AI company, xAI, over Tesla's interests. The Cleveland Bakers and Teamsters Pension Fund, along with Daniel Hazen and Michael Giampietro, reportedly lodged the stockholder complaint in Delaware's Chancery Court at the company's ...

Elon Musk’s artificial intelligence venture, xAI, has announced the completion of a $6 billion Series B funding round. This funding milestone elevates xAI’s valuation to $24 billion, just 11 months after its launch in July 2023. The investment round included participation from prominent investors such as Valor Equity Partners, Vy ...

Contrary to recent speculation, Electric car manufacturer Tesla's latest earnings report indicates that the company has maintained its Bitcoin holdings for the seventh consecutive quarter without any significant changes. Observers had previously noted a discrepancy in Tesla's reported Bitcoin holdings in March 2023. BitcoinTreasuries reported the company's holdings at 9,720 ...

In another significant step marking its expansion into the financial services sector, X (formerly Twitter) has obtained a financial services license in another state in the U.S. According to public records, X, via its subsidiary Twitter Payments, secured a currency transmitter license from the government of Rhode Island on August ...