Musk gives Dogecoin price boost with latest Godfather-inspired tweet

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Fox Business 01 July, 2021 - 11:56am 18 views

Is Baby doge coin real?

Baby Doge Coin is a new crypto currency created by the Dogecoin community. According to the website, “Baby Doge Coin has learned a few new tricks and lessons from his meme father, Doge... Baby Doge seeks to impress his father by showing his new and improved transaction speeds and adorableness.” Yahoo FinanceElon Musk is Sending Baby Doge to Space – Floki is Going to Need a New Friend to Play With

Read full article at Fox Business

Days After Chinese Regulators Recalled Tesla Cars For Technical Issues, Elon Musk Heaps Praise On China's Economic Prosperity And Infrastructure

Swarajya 01 July, 2021 - 08:02am

Billionaire businessman tweeted "the economic prosperity that China has achieved is truly amazing, especially in infrastructure! I encourage people to visit and see for themselves."

Musk also posted the same message on Weibo, China's Twitter-like platform, where he has nearly 1.8 million followers.

Musk tweeted in praise in response to a post on Twitter by China’s state news agency Xinhua that featured a snippet of Chinese President Xi Jinping‘s speech celebrating the Communist Party’s 100th anniversary on Thursday morning.

Musk's tweet heaping praising China comes five days after the US electric carmaker announced that it would recall all of the vehicles it had manufactured at its Shanghai factory since the beginning of 2020, amid concerns over safety. Nearly all of the vehicles Tesla had built and sold in China (close to 285000) were recalled by regulators over concerns about the cruise control system.

China’s State Administration for Market Regulation said the cruise control could be mistakenly switched on when drivers attempted to change gears, potentially causing the car to accelerate unexpectedly.

While Tesla earns almost a third of its sales in China, it faces increasing competition from local players including Geely, Nio and Xpeng.

In March this year, Musk gave an interview to state broadcaster China Central Television (CCTV), heaping praise on the Chinese government and saying that it would "become the biggest economy in the world."

Musk has often forecasted that China, currently the world's biggest car market would eventually become Tesla's most important.

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