Baby Doge? What to know about the Dogecoin spinoff that Elon Musk is hyping

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New York Post 02 July, 2021 - 11:46am 19 views

What is baby Doge Crypto?

Baby Doge is the new favourite of crypto enthusiast and Tesla CEO Elon Musk. What is it? A spinoff of already existing meme cryptocurrency Dogecoin. Yepp, the joke has gone too far. Cryptocurrencies have truly exploded in 2021 and alternative tokens or alt coins are dominating the scene. India TodayWhat is Baby Doge? Meet Elon Musk’s new favourite cryptocurrency

New Video Celebrates 50 Years Of Elon Musk: Happy Birthday, Elon!

InsideEVs 02 July, 2021 - 04:02pm

Honestly, whether you love or hate Elon Musk, or just like to remain neutral, you'd be lying if you said Musk hasn't made an impact on the world. We'd be lying if we said he's only made a negative impact, as much as we'd be exaggerating if we said everything Musk has done in his life has been positive.

It really doesn't matter what we think of Musk as a person, and it doesn't matter what we think of Tesla as an automaker. What does matter here is that this man has a company that's figured out how to land and reuse rockets. While Musk didn't invent electric cars, and he wasn't the founder behind Tesla, his California-based electric automaker has inspired change from virtually every other automaker on the planet.

If it weren't for Tesla, it's very likely we wouldn't be seeing the global transition to clean energy that's ramping up today. If it weren't for Elon Musk, it's likely Tesla would have gone away years ago.

Check Out More Elon Musk Coverage:

At any rate, we absolutely love fan-made Tesla commercials – think Project Loveday – especially if they're professional and well done. Billy Crammer is our "go-to" in that department, and this brief video celebrating Elon Musk is worth a watch. Elon's mom Maye Musk approves, but she may be a bit biased, and for good reason. Check it out and then leave us a comment below. 

Source: Billster (YouTube)

3 Reasons Why Tesla Stock Will Surge This Decade

CleanTechnica 02 July, 2021 - 04:02pm

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3 Reasons Why Tesla Stock Will Surge This Decade

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Tesla stock’s rocket-fueled rise has stalled of late — at this writing, it’s in the high $600 range, far below the all-time high of $880 that it saw in January. The main reason seems to be a feeling that the California carmaker isn’t going to be alone in the EV game for much longer — legacy automakers such as VW, GM and Ford have exciting new vehicles in the pipeline, and they’re investing serious money in battery plants and new production capacity.

Tesla taxi in Paris, France, by CleanTechnica.

For the first time, Tesla will be facing serious competition, and there’s no denying that this will be a challenge. However, it doesn’t mean that the party’s over for TSLA stock — far from it. As many have noted, Tesla is “more than just a car company,” and its stock price isn’t tied to the dynamics of the auto industry. As I argued in a March article, Tesla’s most important product is not vehicles, batteries, solar panels or even Robotaxis. The real product, which it continues to crank out at a dizzying pace, is disruptive ideas. As long as the pipeline of innovation keeps flowing, Tesla will keep growing, and TSLA should keep advancing.

As many a pundit has proclaimed, only a fool would bet against Elon Musk and Tesla — a Motley Fool, perhaps. Trevor Jennewine, writing in that august stock-market publication, recently offered three reasons why TSLA should continue to be an excellent investment over the next decade.

First, Tesla relentlessly pursues efficiency gains. In 2017, it introduced the 2170 battery cell, boosting energy capacity by 50%, with a commensurate decrease in costs. In 2019, Tesla brought Gigafactory Shanghai into service, slashing its shipping costs and delivering massive savings. In 2020, Tesla broke ground on two new Gigafactories, in Germany and Texas. Once the new plants come on line, which is expected to happen this year, they will deliver efficiency gains in several ways. Not only will Tesla save on delivery costs for European-bound vehicles, but it will be implementing a whole raft of new, more efficient manufacturing processes at both factories.

Tesla’s obsession with efficiency is no quixotic quest — it has delivered substantial cost savings. As Jennewine reports, “Since 2017, [Tesla’s] average cost per vehicle dropped 55% ($84,000 to $38,000) and Tesla achieved an industry-leading operating margin of 6.3% in 2020.” (So much for the naysayers who falsely claim that Tesla “loses money on every car it sells”).

Tesla’s second big advantage is closely tied to its first — the company continually innovates in every sphere of its operations, and these innovations not only save costs, they lead to better products, keeping customers happy and keeping Tesla a step or two ahead of any potential competitors.

Tesla’s battery innovations have given it the lowest costs in the industry — according to Jennewine, even the highest estimates put Tesla’s battery costs at $187 per kilowatt-hour, 10% cheaper than the closest competitor and 24% cheaper than the industry average. Lower battery costs enable an automaker to reduce the price and/or increase the range of its vehicles. Tesla is doing both — its EVs offer the longest ranges on the market, and while the current chip shortage, coupled with high demand, has recently led to price increases, the long-term price trend is surely downward. Last October, Elon Musk predicted that Tesla would be able to field a $25,000 car within three years.

The third reason Jennewine (along with many others) believes that TSLA stock will continue to soar is the company’s lead in artificial intelligence and self-driving technology. Switching from gas to electric drive will be a major technological transformation. Switching to autonomous vehicles will be a much bigger deal — it will trigger one of the greatest societal shifts in human history, analogous to the adoption of steam engines, computers, or the automobile itself. The potential income for the companies that enable this transition is incalculable, and Tesla is in position to lead the revolution.

Research from Ark Invest indicates that autonomous ride-hailing platforms could generate $1.2 trillion in annual profits by 2030, and that an automaker selling autonomous EVs could earn a tidy $250 billion each year. Tesla has a finger in both pies, and several advantages over other players in the space.

Tesla has over a million vehicles on the road, and their cameras are capturing video data as you read this — over 3 billion miles’ worth as of February 2020. The data libraries of Alphabet’s Waymo and other potential competitors are minuscule by comparison.

Tesla uses supercomputers to train the neural nets that enable its Autopilot system, and it recently unveiled a new machine that it says is the fifth most powerful in the world. An even more powerful processor, to be called Dojo, is slated to go into service by the end of this year. Elon Musk says Dojo will be an “order of magnitude” more efficient than existing supercomputers (there’s that efficiency obsession again).

Yes, TSLA stock is expensive, at a recent price/earnings ratio of almost 700 (though it has been much higher), but the company’s ethos of efficiency, its endless innovation, and its leading position in autonomous driving technology should make it one of the big winners in the coming clean-tech boom.

Tesla Model Y. Photo by Casey Murphy, EVANNEX.

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Is Elon Musk Losing His Edge? Tweets Fail To Move DOGE Prices

bitcoinist.com 02 July, 2021 - 04:02pm

For the first time, it seems Elon Musk’s tweets have no effect on Doge. The billionaire had tweeted earlier about doge but this time, there was no reaction from the coin. In fact, the coin is down 2% since the tweet went live.

Musk is notoriously known for pushing the price of Doge with his tweets. His tweets were single-handedly responsible for pushing the price of the coin up over 20,000 percent. The price of Doge would shoot up minutes after each tweet went live from the last couple of months. Leading to concerns of insider trading, which yielded nothing useful.

But now, Musk’s tweet has failed to move the price of the coin. Elon Musk had earlier tweeted “Release the Doge” but the coin has refused to move.

So, this leads us to the question, has Musk lost his edge over Dogecoin?

Musk had seemingly taken a break from tweeting about Dogecoin since May. After a final tweet promoting Dogecoin towards the end of May, Musk stopped tweeting about Doge entirely.

No one knows for sure the reason for the break. But it was during this period that Tesla had announced that they would stop accepting Bitcoin payments. The CEO had clarified that the reason for this was due to the environmental impact of Bitcoin mining.

Investors began calling for the billionaire to resume tweeting about Dogecoin. Which had by this point lost over 60% of its all-time high value. But Musk seemed committed to not tweeting about Dogecoin.

The price which had risen significantly to as high as $0.80 went back down below $0.20. Before making a small correction and receiving back up above $0.20. Where it currently sits trading in the $0.20 range.

Towards the end of June saw Musk returning to tweeting support for the coin. The CEO had earlier tweeted about Shiba Inu, the dog breed which is the icon of Dogecoin.  But that tweet could have been interpreted as either support for Doge or support for SHIB, a coin made in response to Dogecoin.

Then on June 28, Musk tweeted support for a Doge upgrade posted by software engineer Ross Nicoll on Twitter.

This had a bit of sway in the market. Prices rose slightly after the tweet went live. But not by a large margin.

Now, Musk’s latest tweet seems to have a negligible effect on the market. One might even go out on a limb to say it had a negative effect.

It could be that the market is just not ready for another bull. Or it could be that investors are finally realizing that the tweets of one man should not be the deciding factor for whether they buy or sell coins.

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Elon Musk praises China on Communist Party anniversary | TheHill

The Hill 02 July, 2021 - 04:02pm

Musk was responding to a tweet from state media outlet Xinhua News that included a quote from Chinese President Xi Jinping referring to the end of “absolute poverty in China.” 

China has realized the first centenary goal pic.twitter.com/oqCgnChHOj

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What is Baby Doge? What to know about the ‘Son of Dogecoin’ cryptocurrency

Fast Company 02 July, 2021 - 06:40am

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— Elon Musk (@elonmusk) July 1, 2021

The tweet helped to send the Baby Doge cryptocurrency up 5%. But you could be forgiven for never having heard of Baby Doge before. So just what is this new cryptocurrency? Here’s what you need to know.

Baby Doge Coin has learned a few tricks and lessons from his meme father, Doge. A new crypto birthed by fans and members of the Doge Coin online community. Baby Doge seeks to impress his father by showing his new improved transaction speeds and adorableness. He is hyperdeflationary with an integrated smart staking system built in to reward you, so more baby doge coins are being automatically added to your wallet each transaction.

Michael Grothaus is a novelist, journalist, and former screenwriter. His debut novel EPIPHANY JONES is out now from Orenda Books. You can read more about him at MichaelGrothaus.com

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