Tesla's venture into Bitcoin might have been a major source of distraction for the electric vehicle manufacturer, which earlier this month released mixed financial results.
Elon Musk, CEO of Tesla and SpaceX, believes the US economy is in a recession and that it will be 'difficult going' for the next 12 to 18 months. 'The true cause for inflation is that the government printed a billion more dollars than it had,' he said.
NFT fans are incensed.
Elon Musk, the CEO of Tesla and SpaceX, has persistently backed dogecoin, a cryptocurrency based on memes. He indicated in October that he had invested in it, as well as bitcoin and ether.
Following Elon Musk's $44 billion purchase of Twitter, EU authorities have issued a warning to the world's richest man: play by the rules.
Allowing one of the regime's most important assets to fall into the 'wrong' hands jeopardizes those functions and raises additional doubt on the regime's ability to suppress dissent and govern the population, as characterized by Henry Hazlitt as 'the clique in power.'
Twitter founder and former CEO Jack Dorsey tweeted Monday, 'Taking it back from Wall Street is the correct first step.'
Twitter will become a privately owned firm when the acquisition is completed.
As the board of directors of Twitter considers Tesla CEO Elon Musk's offer to buy the entire company, the tech giant cautioned that declining it would be a breach of their fiduciary obligation to shareholders.