Elon Musk is now the wealthiest person on the planet. Tesla’s 4.8% rise in share price on Thursday let Musk past Amazon’s founder Jeff Bezos, who has held the top position since Oct 2017. The South Africa-born engineer’s net worth was $188.5 bn at 10:15 a.m. in New York, $1.5 bn higher than Bezos. Musk’s net worth, over the past 12 months, rose by more than $150 bn, the fastest bout of wealth creation in history, possibly.
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Elon Musk, reacting on a news story on Apple’s plan of manufacturing electric vehicles, tweeted that in “the darkest days” of scaling Model 3 production, he reached out to Tim Cook for Tesla’s acquisition. But the Apple CEO Cook refused to meet. Timelines were not given, but media reports suggest it was likely anytime between 2017 and 2019. Tesla is now worth more than $600 bn on the public markets after joining the S&P 500 this week.
Oracle is leaving Silicon Valley for Texas as it embraces a WFH model made common by the pandemic. The Business computing giant is moving its HQ from Redwood Shores in Northern California to Austin, which has been luring tech companies for long and is home to the South by Southwest Festival which has an “interactive” part devoted to internet innovations. Elon Musk, this week, confirmed his move to Texas, which offers a low-cost living and zero state income tax.
Elon Musk, earlier this year, teased that he’d be showing the latest developments from Neuralink – his brain-computer start-up that aims to connect human brains to computers; expected to be much more “awesome” than its first presser in 2019. The virtual show, as per to his tweet, will be on Friday, Aug 28 at 3 p.m. PT. Musk’s Neuralink devices place electrodes under a patient’s skin and connect to a device behind the ear, becoming a revolutionary innovation.
The infamous Twitter-bitcoin scam filled $100k worth of cryptocurrency into scammers pockets. 130 accounts including those of Elon Musk and former US president Barack Obama were used to carry out this attack. Twitter, in its blog post, said that hackers used ‘spear-phishing’ technique to trap employees into leaking confidential information. Until last week, approx. 1500 of Twitter’s employees had access to its control settings. This has now been restricted.