Tesla CEO Elon Musk goes to trial Monday to defend $2.6 billion SolarCity acquisition

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CNBC 10 July, 2021 - 02:58am 36 views

Fort Lauderdale could get its own Tesla loop for easier beach access - The Points Guy

The Points Guy 09 July, 2021 - 02:30pm

Fort Lauderdale has received a proposal from Elon Musk's The Boring Co. to build an underground transit loop between downtown and the beach. Called “The Las Olas Loop,” this represents an innovative and unprecedented approach to addressing traffic congestion and transit needs.

— Mayor Dean J. Trantalis (@DeanTrantalis) June 30, 2021

The Boring tunnels are supposed to help the problem of traffic gridlock.

The goal is to eliminate the need for human drivers, but that appears, for now, to be a ways off.

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Elon Musk and Bitcoin: A toxic relationship

Cointelegraph 09 July, 2021 - 08:21am

As Bitcoin succeeds, it will have a relationship with Elon Musk, and there is every reason to believe that the relationship will be toxic.

Although we can debate the merits of such a provocatively titled party, Musk’s divisiveness is certainly not up for debate. Earlier this year, the Bitcoin community — including the maximalists — were vocal supporters of Musk. He saw value in Bitcoin and Bitcoin saw value in Musk, one of the most influential people on the planet. In many ways, it was a match made in heaven.

Related: Tesla, Bitcoin and the crypto space: The show Musk go on? Experts answer

In early May, however, when the 49-year-old announced that Tesla was no longer accepting Bitcoin as a method of payment, Musk's popularity among the Bitcoin faithful quickly faded. Now, many view him with suspicion; others, like Keiser, view him with disdain, hence the colorfully titled party.

One wonders, what’s the point of a “F*ck Elon” event? After all, we're told that Musk no longer influences the cryptocurrency market like he once did back in May. The once highly potent master is now an impotent “shill.” Although the authors made valid points, it’s important to remember who Musk is, and, more importantly, what he is capable of doing. Bitcoin is very much in his crosshairs.

Related: Experts answer: How does Elon Musk affect crypto space?

Three weeks ago, the Tesla CEO announced that the company plans to accept Bitcoin once clean energy goals are met. In other words, Bitcoin and Musk have unfinished business. Considering that the future of Bitcoin appears to be inextricably linked with clean energy, the future of Bitcoin also appears to be inextricably linked with Musk.

Right now, his influence over Bitcoin appears to be minimal, but there is every reason to think that will change. Form is temporary, class, though, is permanent. And Musk is a first-class manipulator. Dogecoin (DOGE) is a fun coin but it doesn’t appear to have a legitimate future. Bitcoin, on the other hand, appears to have a very bright future. It’s fun to mess around with DOGE, but if you’re serious about cryptocurrencies, you marry Bitcoin.

Related: No, Musk, don’t blame Bitcoin for dirty energy — The problem lies deeper

By its very definition, a toxic relationship consists of Jekyll and Hyde personalities, where at least one of the partners switches between hot and cold. Now, enter Elon Musk. One day he is bowing down and paying homage to the Chinese Communist Party, the next day he is calling a hero a pedophile on Twitter. Musk is an erratic force. He is the only man who can match Bitcoin’s inherent volatility.

In a toxic relationship, exhaustion is the norm. Musk is an exhausting influence and there is reason to believe that he will continue to exhaust humanity, especially those within the Bitcoin community. Toxic relationships are also synonymous with deceit. A highly intelligent individual, Musk is also prone to exaggerations and false promises. Since 2016, Tesla customers have been billed for the highly publicized self-driving feature that doesn’t really exist.

Related: Crypto’s fraught relationship with Elon Musk: Ambassador or liability?

As Andrew J. Hawkins at The Verge writes, the full self-driving software that Musk promotes “does not enable a Tesla vehicle to drive itself without input from the driver.” In other words, self-driving cars are not capable of self-driving. This is not a good look for Tesla, nor is it a good look for Musk. Whether his deceit is conscious or otherwise, Tesla customers have been taken for an expensive ride. With General Motors and Ford busy learning from Musk’s mistakes and making superior electric vehicles, will Musk’s behavior become more erratic in nature? Don’t bet against it — Bitcoiners beware.

Musk is not an inventor. He is a mercurial entrepreneur, willing to say or do anything to generate interest. Although he is clearly a brilliant man, he lacks restraint. Musk’s word is not his bond. In fact, in Musk’s world, the concept of truth seems to be highly malleable.

In a recent article, Peter Chawaga discussed a sort of post-Elon world, with Bitcoin freeing itself from the entrepreneur’s meddling. Chawaga noted, “No single person, no matter how influential in their own spheres, is more vital than the network.” In the same piece, the aforementioned Stacy Herbert says:

Has Bitcoin actually “fixed” Elon? Can Elon actually be “fixed?” Bitcoin might have won this battle, but the war, I argue, is far from over. Of course, it needn’t be a war. In the future, Bitcoin and Musk may very well enjoy a harmonious relationship. However, considering Musk is one of the most erratic celebrities on the planet, the relationship will probably become more toxic in nature. Screaming “F*ck Elon” might be cathartic, but it won't be effective. Remember who you are dealing with: A highly influential billionaire with a “F*ck You” personality.

Elon Musk, minimalist, lives in a tiny flat-pack house near a SpaceX site

Mashable 09 July, 2021 - 03:09am

After selling off his entire real estate, Elon Musk moved into a prefabricated house near a SpaceX launch site in Texas. The tiny home concept, created by a startup called Boxabl, is a type of flat-pack construction, where each house is unfolded into place onsite. The houses cost around $50,000.

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