Tag: Elon Musk
DeepSeek Storm: Major Wealth Losses for Billionaires in the U.S. Stock Market
The Chinese AI startup DeepSeek has caused significant turmoil in the U.S. stock market, leading to substantial losses for many prominent billionaires. One of the hardest-hit companies was Nvidia. As Nvidia’s stock plummeted by 17%, the company’s market value saw a record decline of $589 billion. This resulted in a $20.1 billion drop in the
Elon Musk showed support for Jack Dorsey’s tweet
Chinese artificial intelligence company DeepSeek has recently gained attention by causing significant declines in the American stock and cryptocurrency markets. This event highlights the importance of open-source code and cost-effectiveness in AI technology. Many prominent figures, including Elon Musk, have criticized the closed-source nature of OpenAI’s ChatGPT. In response, Musk’s xAI company has developed an
Tesla sales trends: A potential concern for Elon Musk
Wall Street banks are expressing concern that Donald Trump’s efforts to dismantle the Biden administration’s climate policies supporting electric vehicles could lead to significantly slower growth in Tesla’s vehicle sales this year than anticipated by its co-founder, Elon Musk. Analysts predict that Tesla is set to sell 2.07 million vehicles this year, marking a 16%
Elon Musk proposes blockchain use for the U.S. Government
Elon Musk has proposed using blockchain technology to improve efficiency and transparency in the U.S. government. The CEO of Tesla and SpaceX believes that blockchain can transform public services and enhance government operations. According to a Bloomberg report, Musk’s Dogecoin (DOGE) agency is discussing options with representatives from various public blockchain networks. However, details about
X Debt: Morgan Stanley and Banks Prepare to Sell
Morgan Stanley, along with several leading banks, is preparing to sell $3 billion in debt related to Elon Musk’s acquisition of the social media platform X, formerly known as Twitter. This strategic move aims to manage financial portfolios and optimize capital structures. Moreover, it reflects the banks’ proactive approach in navigating the complexities of the