Elon Musk Supports View That Dogecoin Hodlers Need To Be Wary Of Leveraged Trading – Benzinga – Benzinga

Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk recently responded to a tweet that called attention to the dangers and pitfalls of leveraged Dogecoin (CRYPTO: DOGE) trading.

Musk was reacting to a post by Twitter user Mishaboar.

Mishaboar tweeted that some holders of the meme cryptocurrency started asking for help after their margin accounts got liquidated.

He mentioned that educating people about risky leveraged trading was important, and compared taking on theadditional risk to adding gasoline to the fire.

"Experienced traders and those with vast amounts of liquidity can try their chance at gambling with this. But believe me, many are not as "experienced" as they think they are," Mishaboartweeted. "You are against organizations and institutional investors that have a lot more information than you do."

Mishaboar wrote, "These tools are already dangerous in traditional markets. However, in the crypto market, which is vastly unregulated, the risks and unfairness are multiplied x100."

"Again: it is playing Russian roulette against the guy who made the gun and knows exactly which chamber holds the bullet," he added.

Musk reacted to the tweet and said, "Good thread."

Last week Musk backed another perspective on Dogecoin, saying it should break its dependence on centralized exchanges like Robinhood Markets Inc. (NASDAQ:HOOD) and Binance.

Binance and Robinhood are some of the cryptocurrency exchanges that support Dogecoin. These exchanges allow users to buy and sell coins using fiat or other cryptocurrencies.

Related Link:Whales Are Buying Dogecoin, The Meme Crypto Ranks Among The Most Actively Used Smart Contracts

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Elon Musk Supports View That Dogecoin Hodlers Need To Be Wary Of Leveraged Trading - Benzinga - Benzinga

Starlink First Speed Test! We are Ready to Launch Worldwide! Elon Musk about Bitcoin | SpaceX News – Oakland News Now

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bitcoin #ethereum #starlink SpaceX Starlink Launch Right Now in Live Conference with Elon Musk! Free Wifi!

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Note from Zennie62Media and OaklandNewsNow.com : this video-blog post demonstrates the full and live operation of the latest updated version of an experimental Zennie62Media , Inc. mobile media video-blogging system network that was launched June 2018. This is a major part of Zennie62Media , Inc.s new and innovative approach to the production of news media. What we call The Third Wave of Media. The uploaded video is from a YouTube channel. When the YouTube video search for Starship SpaceX News finds a video it is automatically uploaded to and formatted automatically at the Oakland News Now site and Zennie62-created and owned social media pages. The overall objective here, on top of our is smartphone-enabled, real-time, on the scene reporting of news, interviews, observations, and happenings anywhere in the World and within seconds and not hours is the use of the existing YouTube social graph on any subject in the World. Now, news is reported with a smartphone and also by promoting current content on YouTube: no heavy and expensive cameras or even a laptop are necessary, or having a camera crew to shoot what is already on YouTube. The secondary objective is faster, and very inexpensive media content news production and distribution. We have found there is a disconnect between post length and time to product and revenue generated. With this, the problem is far less, though by no means solved. Zennie62Media is constantly working to improve the system network coding and seeks interested content and media technology partners.

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Elon Musk Is $11.5 Billion Richer This Week As Tech Stocks Soar – Forbes

THE CHANGING FORTUNES OF THE WORLDS RICHEST

F

ollowing strong earnings reports and bullish new takes from Wall Street analysts, tech stocks soared this week, padding the fortunes of worlds richest. The top ten gainers added a combined $74 billion to their net worths.

Tesla CEO Elon Musk was the weeks biggest gainer with $11.5 billion. Tesla shares climbed 7.4% this week after Piper Sandler analyst Alexander Potter gave it a $1,200 price target, anticipating strong growth. Tesla outperformed strong showings by the S&P 500 and Dow Jones Industrial Average, which rose 4.6% and 3.9%, respectively.

Google founders Sergey Brin and Larry Page gained $10.4 billion and $10 billion, respectively, after a strong week for Google parent company, Alphabet. Alphabets stock jumped more than 14% this week after falling 3.4% last week. The company reported strong earnings on Tuesday, bolstered by a comeback in its digital advertising business, which took a serious hit during the pandemic.

Amazon gained 4.6% this week after last weeks 2.7% loss, and Jeff Bezos added $7.7 billion to his net worth, even after announcing on Tuesday that he would step down as CEO of the company later this year, after 26 years at the helm. Bezos is leaving on a high. Amazons stock has risen by more than 63% in the past year, as ecommerce boomed during the pandemic. At the end of 2020, Amazon had its biggest quarter ever, bringing in more than $125 billion in revenue. Bezos, who will focus on side companies like Blue Origin and The Washington Post, will become executive chair of Amazons board. Amazon Web Services chief Andy Jassy will replace him as CEO.

SHANGHAI, CHINA - JULY 26: Colin Huang Zheng, founder and CEO of Pinduoduo, speaks during the company's listing ceremony at Shanghai Tower on July 26, 2018 in Shanghai, China. (Photo by VCG/VCG via Getty Images)

Bezos was not the only ecommerce billionaire to have a positive week. Pinduoduo founder Colin Huang got $10.7 billion richer this week after the stock gained more than 18%. The discount ecommerce platform, whose shares trade on Nasdaq, is becoming increasingly popular in China, challenging the dominance of established giants like Alibaba and JD.com. With a net worth of $69.1 billion, Huang has more than quadrupled his fortune in the past year. He now ranks as the 16th richest person in the world, and the third richest man in China.

There are now four Chinese billionaires who rank in the top 20 richest people in the world. A year ago, there were only two Tencent chair Ma Huateng and Alibaba cofounder Jack Ma. Huateng and Ma still rank in the top 20, at No. 15 and No. 20, respectively, and are now joined by Huang and No. 6 richest Zhong Shanshan, who had a stunning rise in 2020 thanks to the blockbuster IPO of his bottled water company, Nongfu Spring.

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Elon Musk Is $11.5 Billion Richer This Week As Tech Stocks Soar - Forbes

Tesla, Elon Musk and beyond: The green companies making billionaires – CNBC

Going green is increasingly becoming a way to make bank.

Elon Musk, the CEO of Tesla, is the richest of the billionaires who owe their fortune to technologies that reduce carbon emissions in the atmosphere, according to an analysis by Bloomberg Green that was published Tuesday.

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A full $180.7 billion of Musk's $199.2 billion net worth was deemed "green net worth" by Bloomberg.

Though Musk's fortune is largely thanks to electric vehicle maker Tesla, some is from his holdings in SpaceX, and rockets emit carbon dioxide into the atmosphere when they blast off. For this reason, Musk's wealth from SpaceX was not included in his "green" net worth.

Many of the rest of the so-called "green billionaires" are from China, according to Bloomberg Green, as China is a front-runner in the development and sale of technology to build clean energy economies.The list is also dominated by billionaires in the electric vehicle industry (and related component parts) and the solar energy industry.

For the ranking, Bloomberg Green used the net worth of each individual based on the Bloomberg Billionaires Index on Jan. 28, and also calculated the portion of their wealth driven by businesses that reduce greenhouse gas emissions. (In some cases, those numbers are one in the same.)

Further, if several business leaders made their fortune from a particular company, the billionaires and their collective net worths are grouped together in one entry by Bloomberg Green. (For example, Zeng Yuqun, Huang Shilin, Pei Zhenhua and Li Ping owe their status as billionaires to CATL, the battery maker. Bloomberg Green did not delineate how much of the total $60.7 billion in wealth generated from CATL is owned by each stakeholder.)

Here are the top global green billionaires, according to Bloomberg Green. For the complete list, see Bloomberg Green's ranking.

Elon MuskNet worth: $199.2 billionGreen net worth: $180.7 billionCountry: U.S.Company: Tesla, makes electric vehicles

Zeng Yuqun, Huang Shilin, Pei Zhenhua, Li PingNet worth: $61.6 billionGreen net worth: $ 60.7 billionCountry: ChinaCompany: CATL, the world's largest maker of electric vehicle batteries, supplies carmakers including Tesla, Toyota, BMW, Volvo

Li Zhenguo, Li Chunan, Li Xiyan, Zhong BaoshenNet worth: $16.1 billionGreen net worth: $16.1 billionCountry: ChinaCompany: Longi, the world's largest manufacturer of "solar wafers," which is what is used to build solar panels

Wang Chuanfu, Lv Xiangyang, Xia ZuoquanNet worth: $ 33.5 billionGreen net worth: $13.4 billion Country: ChinaCompany: BYD, electric vehicle maker currently converting Shenzhen, China's fleet of buses, taxis, and trucks into electric vehicles. Berkshire Hathaway, the investment company led by Warren Buffett, has owned a portion of BYD since 2008.

Liu JinchengNet worth: $10.9 billionGreen net worth: $10.9 billionCountry: ChinaCompany: Eve Energy, a supplier to electric vehicle manufacturers, including clients such as Daimler, BMW, and Xpeng

Other notable billionaires on the list include Anthony Pratt, the owner of Pratt Industries, and Aloys Wobben, the founder of Enercon. Pratt Industries is the largest privately held producer of 100% recycled paper and packages and is located in Georgia (though Pratt himself hails from Australia). Wobben built his first wind turbine in the 1970s and started the wind-turbine manufacturing company Enercon in 1984.

Climate tech making new, green fortunes is not likely to slow. A report released in September from PricewaterhouseCoopers found investment into the space is accelerating. In 2013, early-stage venture capital funding for climate tech funding was $418 million and in 2019, venture funding in climate tech was $16.1 billion, according to the report.

"The bottom line is that demand for climate tech is only going to accelerate. With global corporations, investors, and governments pledging to transition to net zero value chains, portfolios and jurisdictions, they are all betting on climate technology breakthroughs to be found, scaled and to transform industries and society," co-authors Celine Herweijer and Azeem Azhar wrote in the PricewaterhouseCoopers. "Demand is not yet at a stampede but the market is heating up and it's time for all stakeholders to help back the innovations the world really needs."

See also:

Carbon capture technology has been around for decades here's why it hasn't taken off

The '1%' are driving climate change, but it hits the poor the hardest: Oxfam report

Executives from Jeff Bezos to Ford Motor Co.'s Bill Ford: Fighting climate change means job creation

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NASA chooses Elon Musk’s SpaceX for nearly $100M mission to map the beginning of our universe | TheHill – The Hill

NASA is teaming up with Elon Musks SpaceX on a two-year astrophysics mission to help better understand the birth of the universe and the development of galaxies.

NASA on Thursday revealed it has awarded a contract to SpaceX for the launch of SPHEREx, which stands for Spectro-Photometer for the History of the Universe, Epoch of Reionization, and Ices Explorer.

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The spacecraft is due to launch via a SpaceX Falcon 9 rocket in June 2024 from Space Launch Complex-4E at Vandenberg Air Force Base in California. The total cost to launch SPHEREx is about $98.8 million.

NASA says the spacecraft will survey the sky in near-infrared light, which is not visible to the human eye, as a tool to help answer questions about the origins of the universe and how galaxies form.

It also will search for water and organic molecules essentials for life as we know it in regions where stars are born from gas and dust, known as stellar nurseries, as well as disks around stars where new planets could be forming, NASA said in a news release.

The mission will gather data from more than 300 million galaxies and more than 100 million stars in the Milky Way galaxy.

The contract is the latest NASA has awarded SpaceX over the past several years. SpaceX last year launched astronauts to space for the first time. It was the first privately designed and built spacecraft to launch astronauts to space and the first time NASA had launched its own astronauts since the end of the space shuttle program in 2011.

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NASA chooses Elon Musk's SpaceX for nearly $100M mission to map the beginning of our universe | TheHill - The Hill

Robinhood CEO explains to Elon Musk why his platform restricted trading last week – CNBC

Robinhood co-founder and co-CEO Vlad Tenev speaks onstage during the TechCrunch Disrupt New York event on May 10, 2016.

Noam Galai | Getty Images for TechCrunch

The co-founder of Robinhood took to invitation-only audio chat app Clubhouse to defend the investment platform's decision to restrict trading in GameStop and other volatile stocks.

GameStop shares have climbed more than 1,500% since the start of the year, fueled in no small part by a wave of retail investors inspired by the Reddit board WallStreetBets. Such investors piled into GameStop and other heavily shorted stocks, resulting in huge losses for some hedge funds.

Robinhood moved to restrict trading in several stocks, including GameStop and AMC Entertainment, on Thursday. Vlad Tenev, co-CEO at Robinhood, said at the time that the decision was aimed at protecting the firm and its customers.

In the session on Clubhouse late Sunday (Pacific time), Tesla CEO Elon Musk pressed Tenev on why the platform, a pioneer of commission-free trading, decided to restrict trading last week. The online brokerage firm limited trading in 13 equities, allowing clients to sell positions but not open new ones in certain securities, provoking fury from users.

"We had no choice in this case," Tenev said. "We had to conform to our regulatory capital requirements."

Tenev said Robinhood's operations team received a request at 3:30 a.m. PT on Thursday from the National Securities Clearing Corp. Robinhood and other brokers are required to meet certain deposit requirements from clearinghouses like NSCC each day. The amount required is based on factors such as volatility and concentration in certain securities, Tenev said.

Robinhood got a request for a security deposit of $3 billion from NSCC to back up trades, "an order of magnitude more than what it typically is," Tenev said. The company raised an additional $1 billion in emergency capital from existing investors in an effort to shore up its balance sheet and enable it to ease the trading curbs.

"Did something maybe shady go down here?" Musk asked Tenev. The Tesla chief has shown support for WallStreetBets on Twitter.

"I wouldn't impute shadiness to it or anything like that," Tenev responded. "The NSCC was reasonable subsequent to this."

Robinhood and the NSCC later agreed to reduce the $3 billion number down to around $1.4 billion, but Tenev said his firm was still forced to take action to limit trades.

Tenev's explanation of the situation echoed a blog post from Robinhood, in which the brokerage explained it put temporary buying restrictions on some securities due to a tenfold increase in clearinghouse deposit requirements.

Robinhood will continue to limit trading on Monday in short-squeeze names likeGameStop. Customers can only buy one share of GameStop's stock and five options contracts. However, the millennial-favored stock trading app did cut down its list of restricted stocks from as many as 50 to eight.

Asked by Musk whether there would be any further limits on trading in future, Tenev said: "I think there's always going to be some theoretical limit. We don't have infinite capital."

Musk also quizzed Tenev on whether Citadel Securities the largest market maker in options in the U.S. had pushed the firm to impose trading limits. Robinhood gains a significant chunk of its revenues from routing orders to market makers likeCitadel Securitiesand Virtu. Citadel,a separate hedge fund business, helped infuse close to $3 billion intoMelvin Capital, a hedge fund that bet against stocks like GameStop.

"To what degree are you beholden to Citadel?" Musk asked, to which Tenev replied: "There is a rumor that Citadel or other market makers pressured us into doing this and that's just false."

"This was a clearinghouse decision and it was just based on the capital requirements," Tenev added. "From our perspective, Citadel and other market makers weren't involved in that."

"Citadel Securities has not instructed or otherwise caused any brokerage firm to stop, suspend, or limit trading or otherwise refuse to do business," a Citadel Securities spokesperson told CNBC. "Citadel Securities remains focused on continuously providing liquidity to our clients across all market conditions."

CNBC's Lora Kolodny contributed to this report.

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Robinhood CEO explains to Elon Musk why his platform restricted trading last week - CNBC

Analyst: How Chamath Palihapitiya, Elon Musk Mastered The ‘Narrative Of The Underdog’ – Yahoo Finance

TipRanks

Weve got a full month of 2021 behind us now, and a few trends are coming clearer. The coronavirus crisis may still be with us, but as vaccination programs expand, the end is in sight. With President Trump out of the picture, and the Democrats holding both Houses of Congress and the White House, politics is looking more predictable. And both of those developments bode well for an economic recovery this year. Looking back, at the year that was, we can also see some trends that stayed firm despite the pandemic, the shutdowns, and the supercharged election season. One of the most important is the ongoing rollout of 5G networking technology. These new networks bring with them a fuller realization of the promises inherent in the digital world. Faster connections, lower latency, higher online capacity, clearer signals all will strongly enhance the capabilities of the networked world. And it wont just be mundane things like telecommuting or remote offices that will benefit 5G will allow Internet of Things and autonomous vehicles to further develop their potential. There is even talk of medical applications, of remotely located doctors performing surgery via digitally controlled microsurgical tools. And these are just the possibilities that we can see from now. Who know what the future will really bring? To this end, we pulled up TipRanks database to learn more about three exciting plays in the 5G space. According to the Street, we are likely to see further interesting developments in the next few years as this technology takes over. Skyworks Solutions (SWKS) The first 5G name were looking at, Skyworks, is a semiconductor chip manufacturer that brought in $3.4 billion in total revenues for FY2020. Skyworks, which is a prime supplier of chips for Apples iPhone series, saw a massive 68% year-over-year increase in 1QFY21 revenues the top line reached $1.51 billion, a company record, and also much higher than analysts had forecast. Much of Skyworks fiscal Q1 sales success came after Apple launched the 5G-capable iPhone 12 line. Strong sales in the popular handset device meant that profits trickled down the supply line and Skyworks channels a disproportionate share of its business to Apple. In fact, Apple orders accounted for 70% of Skyworks revenue in the recent quarter. iPhone wasnt the only 5G handset on the receiving end of Skyworks chips, however the company is also an important supplier to Koreas Samsung and Chinas Xiaomi, and has seen demand rise as these companies also launch 5G-capable smartphones. Finally, Skyworks supplies semiconductor chip components to the wireless infrastructure sector, specifically to the small cell transmission units which are important in the propagation network of wireless signals. As the wireless providers switch to 5G transmission, Skyworks has seen orders for its products increase. In his note on Skyworks for Benchmark, 5-star analyst Ruben Roy writes: SWKS significantly beat consensus estimates and provided March quarter guidance that is also well ahead of consensus estimates as 5G related mobile revenue and broad-based segment revenue continued to accelerate In addition to continued strength of design win momentum and customer activity, we are encouraged with SWKS confident tone relative to the overall demand environment and content increase opportunities. In line with his comments, Roy rates SWKS a Buy along with a $215 price target. At current levels, this implies an upside of 20% for the coming year. (To watch Roys track record, click here) Roy is broadly in line with the rest of Wall Street, which has assigned SWKS 13 Buy ratings and 7 Holds over the past three month -- and sees the stock growing about 15% over the next 12 months, to a target price of $205.69.(See SWKS stock analysis on TipRanks) Qorvo, Inc. (QRVO) Qorvos chief products are chipsets used in the construction of radio frequency transmission systems that power wifi and broadband communication networks. The connection of this niche to 5G is clear as network providers upgrade their RF hardware to 5G, they also upgrade the semiconductor chips that control the systems. This chip maker has a solid niche, but it is not resting on its laurels. Qorvo is actively developing a range of new products specifically for 5G systems and deployment. This 5G radio frequency product portfolio includes phase shifters, switches, and integrated modules, and contains both infrastructure and mobile products. Qorvo posted $3.24 billion in total revenues for fiscal 2020. That revenue represents a 4.8% year-over-year increase and the companys sales have been accelerating in fiscal 2021. The most recent quarterly report, for the second fiscal quarter, showed $1.06 billion in revenues, a 31% yoy increase. Rajvindra Gill, 5-star analyst with Needham, is bullish on Qorvos prospects, noting: Qorvo reported strong sales and gross margins as 5G momentum rolls into CY21 on atypical seasonality... The company is planning for 500M 5G handsets to be manufactured in 2021, with an incremental $5-7 of content/unit from 4G to 5G. Management believes that ultra-wideband adoption will be a key growth driver in for smartphones going forward..." To this end, Gill puts a $220 price target on QRVO shares, suggesting room for 31% upside in 2021. Accordingly, he rates the stock a Buy. (To watch Gills track record, click here) What do other analysts have to say? 13 Buys and and 6 Holds add up to a Moderate Buy analyst consensus. Given the $192.28 average price target, shares could climb ~15% from current levels. (See QRVO stock analysis on TipRanks) Telefonakiebolaget LM Ericsson (ERIC) From chipsets, well move on to handsets. Ericsson, the Swedish telecom giant has long been a leader in mobile tech, and is well known for its infrastructure and software that make possible IP networking, broadband, cable TV, and other telecom services. Ericsson is the largest European telecom company, and the largest 2G/3G/4G infrastructure provider outside of China. But that is all in the background. Ericsson is also a leader in the rollout of Europes growing 5G networks. Ericsson is involved in 5G rollout in 17 countries in Europe, the Americas, and Asia, and its product line includes infrastructure base units and handsets, giving the company an interest in all aspects of the new 5G networks. Ericssons revenue performance in 2020 was not notably distressed by the corona crisis. Yes, the top line dipped in Q1, but that was in line with the companys historical pattern of rising revenue from Q1 through Q4. While the companys 1H20 revenues showed small yoy declines, the 2H20 gains were higher. In Q3, the $6.48 billion top line was up 8.7% yoy, and Q4s $8.08 billion revenue was up 17% from the prior year. The companys shares have also performed well during the corona year, and show a 12 month gain of 64%. Raymond James 5-star analyst Simon Leopold bluntly assigns Ericssons recent gains to its participation in 5G rollouts. Japan's awaited 5G roll-out has started. Share gains continue as Ericsson benefits from challenges facing its biggest competitors and more operators embrace 5G it seems obvious that Ericsson should be gaining market share... Competitor Nokia shunned the Chinese 5G projects, citing profitability challenges, yet Ericsson appears to be profiting in the challenging region. Leopold rates this stock an Outperform (i.e. Buy), and his $15 price target implies an upside potential of ~14% for the year ahead. (To watch Leopolds track record, click here) The Raymond James analyst, while bullish on ERIC, is actually less so than the Wall Street consensus. The stock has a Strong Buy consensus rating, based on a unanimous 5 reviews, and the $16.50 average price target indicates 25% growth potential from the share price of $13.19. (See ERIC stock analysis on TipRanks) To find good ideas for 5G stocks trading at attractive valuations, visit TipRanks Best Stocks to Buy, a newly launched tool that unites all of TipRanks equity insights. Disclaimer: The opinions expressed in this article are solely those of the featured analysts. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.

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Analyst: How Chamath Palihapitiya, Elon Musk Mastered The 'Narrative Of The Underdog' - Yahoo Finance

Clubhouse, the social network Elon Musk just joined, plans to make money through subscriptions – CNBC

Clubhouse, the buzzy audio-only social app, is looking at ways to monetize the platform for its creators, CEO Paul Davison told CNBC on Monday.

After debuting last year, Clubhouse is now valued around $1 billion and hosts more than 2 million users. The premise is relatively simple, since there's no video, pictures or text-based chat rooms. Users will log into the app and be greeted with a few live, virtual rooms, where they can see a list of the people participating. If they click on the room, the audio switches on and they can hear the conversation. Think of Clubhouse as an app for live, unfiltered podcasts.

The app most recently saw a surge in users early Monday ET, when Tesla CEO Elon Musk joined the platform to discuss a range of topics.

Clubhouse's revenue plan is similar to crowd-funding service Patreon's model, which allows independent creators to receive funds directly from their audience. Patreon takes a small fee from those transactions, though, and it's unclear how much or if Clubhouse would take a percentage of the subscriptions.

It also plays into a theme users of social networks have complained about. If a creator can't make money on a given platform, they're likely to move onto another when it gains traction. Clubhouse is making a bet early in its existence that it can attract more users by offering them a way to make money.

"There's so many incredible people who are smart, who are funny, who have domain expertise, who are really just great at bringing people together," Davison said in a "Squawk Box" interview. "And what we want to allow them to do is to make a living directly on Clubhouse through things like subscriptions and ticketed events and receiving tips from listeners who are happy to pay them directly for the experiences that they're creating for them."

Currently, there's no way for users to pay for content directly through the app. The platform itself is free, and there's no advertisements nor premium plan for users. Davison said Monday that Clubhouse plans on introducing some sort of model "sooner rather than later."

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Clubhouse, the social network Elon Musk just joined, plans to make money through subscriptions - CNBC

Elon Musk’s Twitter Break Is Over. See What He Posted – NDTV

Elon Musk broke his Twitter silence with tweets on Dogecoin.

Elon Musk is back on Twitter less than two days after he announced he would be taking a break from the microblogging platform. The Tesla CEO broke his self-imposed Twitter silence with a series of tweets this morning praising Dogecoin - the meme-based cryptocurrency which was initially started as a joke. As the value of Dogecoin surged, Mr Musk, in his trademark style, 'welcomed' investors with a meme.

It all started when Elon Musk shared a picture of a rocket to the moon and followed it up with a one-word tweet: Doge.

The tweet was enough to send the value of Dogecoin surging by over 44 percent, reports Market Watch.

"The most entertaining outcome is the most likely," he wrote - likely referring to his past record of fortune-making tweets. His posts on Twitter recently drove up the stock of Etsy and Signal, and helped boost the GameStop surge.

The tweets were not the only time Musk moved markets on the platform in recent weeks. When he changed his Twitter profile to read simply "#bitcoin" last Friday, the cryptocurrency's price temporarily skyrocketed by around 20 percent.

This time, as Dogecoin surged, Elon Musk shared a meme based on the iconic Lion King scene of Rafiki showing Simba his kingdom. He posted a pic with his face superimposed over Rafiki, holding up the Doge meme which is the logo for the cryptocurrency.

The meme was followed by two more Dogecoin tweets.

"Dogecoin is the people's crypto," reads one, while the other says, "No highs, no lows, only Doge."

Mr Musk overtook Amazon boss Jeff Bezos to become the world's wealthiest person last month, with a fortune estimated at $185 billion following a nine-fold surge in Tesla's share price over the past year.

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Elon Musk's Twitter Break Is Over. See What He Posted - NDTV

Elon Musk is R1.1 trillion richer than at the start of the pandemic – CapeTalk

The Pretoria native is having an excellent pandemic much like his ber-rich peers.

Covid-19 has plunged millions of people back into extreme poverty.

The worlds richest people, however, are having a great pandemic.

Jeff Bezos +R1.3 trillion ($73 billion)

Elon Musk +R1.1 trillion ($67 billion)

Mark Zuckerberg +R786 billion ($46 billion)

The United States 643 billionaires are collectively R14.5 trillion (US$845 billion) richer today than in March.

However, inequality is rife, even among billionaires.

Elon Musk, Jeff Bezos and Mark Zuckerberg the top three gainers took about 16% of the spoils, leaving the rest to the remaining 640 billionaires.

Musk is now worth about R1.6 trillion ($93,7 billion) making him, by far, the wealthiest person ever to be born and raised in Africa.

He continues to hold South African citizenship, along with being a citizen of the USA and Canada.

Click here for the data in the table above and for all billionaires (courtesy of Americans for Tax Fairness).

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Elon Musk is R1.1 trillion richer than at the start of the pandemic - CapeTalk

– Designing tools and components for Elon Musk-style helicopter – Design Products & Applications

25 September 2020

Hill Helicopters recently unveiled its disruptive, ground-up new helicopter, the HX50. The 5-seat, turbine-powered, 500-horsepower rotorcraft is the worlds first truly private, luxury helicopter crafted to deliver a whole new experience in safety, performance, adventure, comfort, and elegance.

Designed by a team of hand-selected, highly skilled engineers led by aeronautics engineer Dr. Jason Hill, Ph.D., the HX50 is a fusion of refined performance and artistic elegance. Its composite structure and rotor system, optimised engine, reimagined avionics, and elevated interior design together make the HX50 an exquisite, high tech and high-performance personal aircraft.

The helicopter industry has long awaited an Elon Musk-style disruption that redefines the modern helicopter. The wait is over, says Hill, Founder and CEO of Hill Helicopters. The only way to create something that is truly ground-breaking is to design from the ground up, giving equal focus to aerospace design, performance, and safety as well as to the artistic and experiential aspects, including comfort, ergonomics, intuitive technology, and luxury. The HX50 brings all of this together to deliver a truly unique aircraft and experience.

Composite Integration are using their experience in closed-mould and infusion process technology to design and manufacture tooling and first off components for the high-performance composite fuselage. Following on from multiple recent projects for both process development and equipment design/manufacture in the aerospace sector, this project provides an excellent platform to demonstrate the companys capabilities. Founded in 2002, Composite Integration has a track record of delivering new technologies, processes and production solutions into a wide variety of global sectors including aerospace, renewable energy, marine and automotive.

The HX50 is currently in the advanced design phase, with three prototypes scheduled to begin flight testing in 2022. The first deliveries are anticipated to take place in 2023.

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- Designing tools and components for Elon Musk-style helicopter - Design Products & Applications

California’s Planned Ban on Gas-Powered Auto Sales Is Great for Elon Musk, but It Won’t Help the Environment | Jon Miltimore – Foundation for Economic…

California Gov. Gavin Newsom announced an order this week to ban the sale of new gas-powered road vehicles in the state by 2035.

CNBC reports the proposed rule would not prohibit people from driving or owning gas-powered cars, but would ban the sale of all new gasoline-powered passenger vehicles in the Golden State in an effort to reduce greenhouse gas emissions by 35 percent.

The proposed rule would make California the first state to eliminate sales of such vehicles, though several European countries, including Sweden and Denmark, have made similar commitments.

There are reasons to be skeptical of such policies, however.

Proposals to eliminate gas-powered automobiles are likely to win politicians media coverage and cheers at town hall meetings (at least in some places). But the actual environmental impact of such policies remains unclear.

Its important to remember that CO2 emissions are not just about what comes out of vehicles, but also what goes into vehicles. Electric vehicles might not emit emissions through exhaust pipes like gas-powered cars, but they expend tremendous amounts of CO2 during their production and charging cycles, and require numerous elementssuch as lithium, cobalt, and manganesethat must be mined from the earth.

While conventional wisdom says electric vehicles are more environmentally friendly and an effective tool to fight climate change, research suggests electric vehicles may have environmental costs that actually exceed those of internal combustion engines when the full cycle of production is included.

Jonathan Lesser of the Manhattan Institute, for example, has published research showing that electric vehicles are worse for the environment than modern gas-powered vehicles. Using the Energy Information Administrations long-term forecasts for the number of electric vehicles through 2050, Lesser estimated how much electricity these vehicles would require. He then broke down the effects on three key pollutants that are regulated in the US Clean Air Act: sulfur dioxide (SO2), oxides of nitrogen (NOX), and carbon dioxide (CO2).

What I found is that widespread adoption of electric vehicles nationwide will likely increase air pollution compared with new internal combustion vehicles. You read that right: more electric cars and trucks will mean more pollution, Lesser wrote in Politico.

The fact is, modern gas-powered vehicles are not what your grandaddy was driving. Todays vehicles emit very little pollution, Lesser concluded, about 1% of what they did in the 1960s.

Lessers findings are not isolated.

The World Economic Forum has also called attention to the dirty secrets of electric vehicles, which includes both adverse environmental impacts and children as young as seven working in cobalt mines in places like the Democratic Republic of the Congo, where more than half of the worlds cobalt is produced.

"[R]aw materials needed for batteries are extracted at a high human and environmental toll. This includes, for example, child labour, health and safety hazards in informal work, poverty and pollution, the World Economic Forum's Global Battery Alliance notes. A recycling challenge looms over the eleven million tonnes of spent lithium-ion batteries forecast to be discarded by 2030, with few systems in place to enable reuse and recycling in a circular economy for batteries."

Recycling is not the only environmental problem facing the lithium-ion batteries used in electric cars.

The bulk of these batteries are manufactured in places such as Japan, China, and South Korea, where generation of electricity remains heavily dependent on fossil fuels, including coal, which increases the carbon footprint of electric car batteries. For this reason, Amnesty International is calling on nations to disclose the carbon footprint of electric car batteries, so their environmental impact can be accurately assessed.

While its difficult to gauge the environmental costs of these batteries with precision, one German study found that every Tesla battery requires between 23,000 pounds and 32,000 pounds of carbon emissions. Considering that Tesla produced 368,000 cars in 2019 alone, thats up to 11.8 billion pounds of carbon dioxide emissions in just Tesla batteries in a given year.

Its unclear if Gavin Newsom truly has three Teslasa New Yorker journalist found three in the driveway when he went to Newsoms home in 2018 for an interviewbut if he did that would put Newsoms carbon footprint at close to 100,000 for just the Tesla batteries.

This of course is of little concern to Newsom or Tesla founder Elon Musk, who liked Newsoms announcement on Twitter that California would be "phasing out the internal combustion engine."

Of course Musk likes this news. Newsom is sidelining Teslas competition, which stands to increase the market share of the worlds most valuable automobile company even further. This isnt capitalism, however, its crony capitalismthe use of government regulations to shift the market toward a favored company or economic sector.

As the regulatory state grows, so does the phenomenon of what economists call rent-seeking. It involves companies diverting resources toward lobbying efforts (versus production) that seek regulatory measures designed to hamstring their economic rivals to increase their own share of the market.

Rent-seeking is, unfortunately, often an effective business strategy. But its not capitalism and is unlikely to improve the environment.

The law of unintended consequences, one of the proverbial building blocks of economics, shows that actions, those undertaken by people but especially those undertaken by governments, have consequences that go far beyond their desired effects.

Many people of good faith wish to help the environment by rejecting or limiting the use of gasoline. The desired effect is lower consumption of gasoline. However, there are also unintended consequences of this action.

By restricting the use of gasoline, environmentalists increase the demand for electricity. This in turn increases the price of coal, which incentives production of coal, a fossil fuel that produces more CO2 emissions than gasoline.

The great economist Claude-Frdric Bastiat (1801-1850), in his seminal essay That Which is Seen, and That Which is Not Seen, observed there was a tendency for humans to judge actions based on immediate effects (a small present good) while ignoring their long-term consequences (a great evil to come).

Bastiat said it was mans inability to see the results of actions in their totalitythe seen and the unseenthat resulted in mankinds greatest depredations.

This explains the fatally grievous condition of mankind, Bastiat warned. Ignorance surrounds its cradle: then its actions are determined by their first consequences, the only ones which, in its first stage, it can see.

If we celebrate the decline in emissions from gas-powered vehicles but ignore the considerable environmental costs of electric vehicles, we fall into the trap Bastiat described 170 years ago.

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California's Planned Ban on Gas-Powered Auto Sales Is Great for Elon Musk, but It Won't Help the Environment | Jon Miltimore - Foundation for Economic...

From Gigi and Zayn to Grimes and Elon Musk: A Brief List of Celebrity Lockdown Babies – Pajiba Entertainment News

Babies! Arent they cute? Isnt there something beautiful, terrifying, and just a wee bit gross about creating a whole human being, pushing them out into this world, then having to raise them into a responsible member of society? Better you than me, OK? Ive never wanted kids, but as a full-time pop-culture hot takes merchant, I cant help but notice that during this weird year of lockdown madness, a lot of very famous people have been announcing their pregnancies. Hey, weve all got to keep busy during quarantine, I suppose. Really, its been one of the busiest periods for celeb pregnancies for quite a while. When I think about it, it might be the biggest and most high-profile era of 2005. That was the year when Violet Affleck, Shiloh Jolie-Pitt, Suri Cruise, and Sean Preston Federline were all born, and the 24-hour gossip/news cycle became utterly obsessed with all of these famous offspring. This is definitely a topic that could be mined for further analysis in the future, but for now, lets take a look at some of the major pregnancy and baby news of the Great Plague Lockdown of 2020.

X A-12 Musk (Elon Musk and Grimes)

In May, musician Grimes and full-time Twitter troll Elon Musk introduced baby X A-12 into the world, and yes, that is his legal name. No word on whether this child shall become the first human on Pluto or if he shall bring about the apocalypse. Sadly, he hasnt been able to keep his dad off social media.

Willa Jonas (Sophie Turner and Joe Jonas)

The coolest of the Jonas Brothers couples, Sansa Stark and the DNCE guy welcomed their daughter, Willa, in July 2020. Theyve yet to release any images or official updates on the kid, but you can still trawl Joes Instagram page for plenty of updates on his Quibi show!

Nicki Minaj

Minaj announced her pregnancy in July in typically dramatic fashion, with a photo shoot thats a glorious cross between Rainbow Brite and Moulin Rouge dancer. She got married last year to Kenneth Petty, a childhood friend who registered as a sex offender in California in 2020, having been convicted of attempted rape in the first degree in 1995.

Emma Roberts and Garrett Hedlund

Hedlund and Roberts started dating in March 2019 and the pregnancy was announced in August 2020, with Roberts revealing that they are expecting a boy. Her pregnancy fashion is sharp.

Gigi Hadid and Zayn Malik

One of the most ridiculously photogenic couples out there welcomed their daughter onto the earth this month. No name has been revealed but Zayn will probably get it tattooed on his body somewhere, so keep your eyes peeled.

Ever Leo Reich (Lea Michele and Zandy Reich)

Its been an interesting year for Lea Michele. In-between, well, everything else, she gave birth to a little boy named Ever on August 20.

Daisy Dove Bloom (Katy Perry and Orlando Bloom

View this post on Instagram

Posted @withregram @unicef Welcome to the world, Daisy Dove Bloom! We are honoured to introduce Goodwill Ambassadors @KatyPerry and @OrlandoBlooms new bundle of joy. We are floating with love and wonder from the safe and healthy arrival of our daughter, Katy and Orlando told us. But we know were the lucky ones and not everyone can have a birthing experience as peaceful as ours was. Communities around the world are still experiencing a shortage of healthcare workers and every eleven seconds a pregnant woman or newborn dies, mostly from preventable causes. Since COVID-19 many more newborn lives are at risk because of the increased lack of access to water, soap, vaccines and medicines that prevent diseases. As parents to a newborn, this breaks our hearts, as we empathize with struggling parents now more than ever. As UNICEF Goodwill Ambassadors, we know UNICEF is there, on the ground, doing whatever it takes to make sure every expecting mother has access to a trained health worker and access to quality healthcare. In celebration of the heart we know our daughter already has, we have set up a donation page to celebrate DDBs arrival. By supporting them, you are supporting a safe start to life and reimagining a healthier world for every child. We hope your can bloom with generosity. Gratefully- Katy & Orlando. Please tap the link in our bio to support the most precious gift: a healthy child.

A post shared by KATY PERRY (@katyperry) on Aug 27, 2020 at 12:31am PDT

Daisy Bloom was introduced to the world on August 27 via a Unicef Instagram post (both Bloom and Perry are Goodwill Ambassadors for them.) Daisy also has the luck of being named after/inspired by a single on her mums new album, Smile.

John Legend and Chrissy Teigen

Befitting of a musical icon, John Legend revealed the impending birth of their third child via a music video. Teigen, who has been candid about her struggles with conceiving naturally, admitted that she was surprised to discover she was pregnant, especially since shed just gotten her breast implants removed and the test she took before that surgery was negative.

Lyra Antarctica Seaborn Sheeran (Ed Sheeran and Cherry Seaborn)

Singer Ed Sheeran revealed that his wife Cherry Seaborn had given birth to their daughter at the end of August. I am all in on her name. Bring back quirky celebrity baby names! I mean, not baby Musk level weird but something a bit spicy, you know?

Leighton Meester and Adam Brody

Meester and Brody are a mid-to-late 2000s nostalgia dream-couple. After a decade together, the pair have two kids, with their son arriving very recently. Their daughter, Arlo, was born in 2015.

Domino Kirke and Penn Badgley

The You star has been married to singer and doula Domino Kirke for three years. They welcomed the arrival of their baby boy this year. The pair have been candid about dealing with two miscarriages in the past, and Kirkes work as a doula is well-documented online. Shes kind of badass. And yes, they did post a picture of placenta art. Like I said: Badass.

Rooney Mara and Joaquin Phoenix

So, neither Phoenix nor Maras camps officially announced her pregnancy, but her growing baby bump pretty much confirmed it. Now, shes just been photographed without said bump, so congratulations! Its doubtful the notoriously private couple will release any details, but I hope the baby has a very cool name befitting the Phoenix tradition and is coolly unapproachable in a vaguely intimidating manner.

Kayleigh is a features writer for Pajiba. You can follow her on Twitter or listen to her podcast, The Hollywood Read.

Header Image Source: Getty Images.

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From Gigi and Zayn to Grimes and Elon Musk: A Brief List of Celebrity Lockdown Babies - Pajiba Entertainment News

Elon Musk – Forbes

Photo by AP Photo/Jae C. Hong

Stats

Age49

Source of WealthTesla, SpaceX, Self Made

ResidenceLos Angeles, California

CitizenshipUnited States

Marital StatusIn Relationship

Children7

EducationBachelor of Arts/Science, University of Pennsylvania

Musk was accepted to a graduate program at Stanford, but deferred attendance to launch his first business, software company Zip2.

As a kid Musk taught himself to code; he sold his first game, Blastar, for about $500.

$13.3B

Forbes 400 September 2015

$10.7B

Billionaires March 2016

$11.6B

Forbes 400 October 2016

$13.9B

Billionaires March 2017

$20.8B

Forbes 400 October 2017

$19.9B

Billionaires March 2018

$19.6B

Forbes 400 October 2018

$22.3B

Billionaires March 2019

$19.9B

Forbes 400 October 2019

$24.6B

Billionaires April 2020

I operate on the physics approach to analysis. You boil things down to the first principles or fundamental truths in a particular area and then you reason up from there.

3 hours ago

The unconventional serial entrepreneur joins the centibillionaire club, alongside Mark Zuckerberg, Bernard Arnault, Bill Gates and Jeff Bezos.

4 hours ago

With unprecedented wealth and visionary dreams, tech titans like Elon Musk and Jeff Bezos are laying the tracks for humanitys most ambitious expansion in the modern era. How can Space Force devise a strategy to leverage that audacity and private capital for better capability and lower cost?

Aug 28, 2020

Neurons are like wiring, Elon Musk says. And you kinda need an electronic thing to solve an electronic problem.

Aug 28, 2020

Elon Musk's Neuralink allegedly has a brain chip that could allow people to hear better, a group of researchers says that cochlear implants can help those with hearing loss hear better right now.

Aug 27, 2020

The 49-year-old serial entrepreneur is set to become the fifth centibillionaire in the world.

Aug 27, 2020

The former intern, who spent three summers at Elon Musks SpaceX rocket maker, is seeking a trial by jury in pursuit of damages.

Aug 22, 2020

Stocks behind the fortunes of the world's richest people are still hitting all-time highs despite malaise around the broader economy.

Aug 18, 2020

Its the companys largest fundraising round yet.

Aug 17, 2020

Musk overtook Warren Buffett on Monday as shares of the electric carmaker jumped more than 11% in one day.

Aug 15, 2020

It's about to become even harder to hack a Tesla vehicle thanks to this long overdue security upgrade.

Aug 14, 2020

The Winklevoss twins, Cameron and Tyler, have told Barstool Sports founder-turned rambunctious day trader Dave Portnoy bitcoin is a safer bet than gold due to Elon Musk's "plans" to mine the precious metal from asteroids...

Aug 10, 2020

Musk has scored bragging rights in the battle of billionaires in space after his SpaceX rockets beat competition from Bezoss Blue Origin to launch National Security payloads for the U.S. Air Force.

Jul 29, 2020

For many years, automobiles was the most boring category to cover from a marketing/advertising perspective.

Jul 27, 2020

Recently, the high-profile entrepreneur and prolific Twitter user noted how he is not worried about his direct messages getting hacked.

Jul 25, 2020

Might be time to log off.

Jul 20, 2020

Musk ranked outside of the top 30 on Forbes' Billionaires List as recently as mid-March, with a net worth less than $25 billion.

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Elon Musk - Forbes

Elon Musk shows Neuralink brain implant working in a pig …

Neuralink's brain-machine interface technology sinks electrodes into the brain then uses a chip to communicate with computers outside your skull.

With a device surgically implanted into the skull of a pig named Gertrude, Elon Musk demonstrated his startup Neuralink's technology to build a digital link between brains and computers. A wireless link from the Neuralink computing device showed the pig's brain activity as it snuffled around a pen on stage Friday night.

The demonstration shows the technology to be significantly closer to delivering on Musk's radical ambitions than during a 2019 product debut, when Neuralink only showed photos of a rat with a Neuralink connected via a USB-C port. It's still far from reality, but Musk said the US Food and Drug Administration in July granted approval for "breakthrough device" testing.

Musk also showed a second-generation implant that's more compact and fits into a small cavity hollowed out of the skull. Tiny electrode "threads" penetrate the outer surface of the brain, detecting an electrical impulse from nerve cells that shows the brain is at work. In line with Neuralink's longer-term plans, the threads are designed to communicate back, with computer-generated signals of their own.

"It's like a Fitbit in your skull with tiny wires," Musk said of the device.

It communicates with brain cells with 1,024 thin electrodes that penetrate the outer layer of the brain. Then there's a Bluetooth link to an outside computing device, though the company is looking at other radio technology it can use to dramatically increase the number of data links.

Now playing: Watch this: Elon Musk's Neuralink demonstration in 14 minutes

14:06

Though the pig demonstration showed neural activity being broadcast wirelessly to a computer, it didn't reveal any of Neuralink's long-term ambitions, like a computer usefully communicating back to a brain or a computer understanding what the spikes of neural activity actually mean.

Neuralink has a medical focus to start, like helping people deal with brain and spinal cord injuries or congenital defects. The technology could, for example, help paraplegics who've lost the ability to move or sense because of spinal cord injury, and the first human uses will aim to improve conditions like paraplegia or tetraplegia.

"If you can sense what people want to do with their limbs, you can do a second implant where the spinal injury occurred and create a neural shunt," Musk said. "I'm confident in the long term it'll be possible to restore somebody's full body motion."

From the lab to your inbox. Get the latest science stories from CNET every week.

But Musk's vision is far more radical, including ideas like "conceptual telepathy," where two people can communicate electronically by thinking at each other instead of writing or speaking. The long-term goal is to head off a future whereartificial intelligence vastly smarter than humans exterminates us.

Musk envisions people using Neuralink to connect to their own digital AI incarnations so "the future is controlled by the combined will of the people of Earth," Musk said. "It's going to be important from an existential threat perspective to achieve a good AI symbiosis."

"The future is going to be weird," Musk said, discussing sci-fi uses of Neuralink. "In the future you will be able to save and replay memories," he said. "You could basically store your memories as a backup and restore the memories. You could potentially download them into a new body or into a robot body."

He's aware some people are going to see trouble in Neuralink, too. "This is increasingly sounding like a Black Mirror episode," Musk said, referring to the dystopian TV series.

Musk also discussed seeing in infrared, ultraviolet or X-ray using digital camera data. "Over time we could give somebody super vision," Musk said.

Gertrude the Neuralink-enabled pig roots through straw during a demonstration of the brain-computer link technology. Brain activity shows as blue spikes.

Neuralink is building a robotic installer that ultimately is designed to handle the full surgical installation process. That includes opening up the scalp, removing a portion of the skull, inserting the hundreds of "thread" electrodes along with an accompanying computer chip, then closing the incision. The installer is designed to dodge blood vessels to avoid bleeding, Musk said.

As with Fitbit, Apple Watch and other wearable technology, Musk sees a health benefit for Neuralink besides direct brain-computer communications. Neuralink chips can measure temperature, pressure and movement, data that could warn you about a heart attack or stroke, Musk said.

Computers need power, and Neuralink's in-skull chip gets it by charging wirelessly through the skin, Musk said.

Since the Neuralink launch event last year, Musk and Neuralink have published one scientific paper, in the Journal of Medical Internet Research, in October. The paper described the development of their robotic device, an arm able to delicately insert hundreds of thin threads, about a tenth of the width of a human hair, into the brain. It's sometimes dubbed the "sewing machine" and is capable of inserting around six threads per minute, each one composed of flexible plastics and featuring 192 electrodes.

The company's early research focused on interfacing with the rodent brain. In the October paper, Musk and Neuralink detailed two Neuralink systems, A and B, tested on rats. The former can insert more than 1,500 electrodes and the latter, 3,000. The paper describes a free-moving rat attached to system B, with a USB-C slot sticking out of its head, but there's no clear indication of Neuralink having settled on the best place for electrodes.

In the paper, Musk and Neuralink acknowledge that "significant technological challenges must be addressed before a high-bandwidth device is suitable for clinical application."

This diagram shows Neuralink's Link v0.9, the device that can be embedded in a hole bored in a skull. At left are the "threads" that lead to electrodes in the brain.

The rodent work is impressive, but what caught people's attention last year was Musk's assertion that a monkey had been "able to control a computer with his brain." No evidence was provided in the JMIR paper to support that assertion, and Musk didn't mention it Friday.

On Tuesday, medical industry news site Stat detailed turmoil at Neuralink, with five former employees coming forward to describe "a chaotic internal culture" and describing it as a "pressure cooker" environment.

The report also detailed accelerated timelines, noting that the push to move the technology forward resulted in failures in animal experiments. One former employee said Neuralink moved from rodent experiments into primates faster than expected in medical science.

Neuralink responded to Stat's assertions in the article, suggesting some of them were "either partially or completely false."

Neuralink's success will hinge on convincing us to install chips in our brains and tamper with the very nerve impulses that make us who we are. That's a hard sell -- particularly in view of Neuralink competitors who prefer noninvasive headsets.

"There's a segment of people who are enthusiastic about invasive BMI," including members of the Transhumanist movement, Max Newlon, CEO of BrainCo, said, referring to brain-machine interface. "Noninvasive BMI technology could be a bridge to the future that people will accept today."

"The safety and health risks of invasive implants are significant," added Sid Kouider, founder and CEO of NextMind, a Neuralink competitor. Problems include infection, inflammation and follow-up surgery to adjust electrode positioning, he said. He credits Neuralink for stimulating interest in neural interfaces, though.

In addition to leading Neuralink, Musk is chief executive of Tesla, which is ramping up a global electric vehicle business; SpaceX, which is launching spacecraft and piloting the launch rockets back to Earth for reuse; and the Boring Company, which aims to route vehicle traffic through tunnels.

Musk is stretched thin, but he's also delivered on key promises like producing compelling electric vehicles and lowering satellite launch costs. Musk has a knack for picking business problems that are difficult but attainable. To succeed, though, Neuralink will have to convince scientists and doctors along with the rest of us.

Originally posted here:

Elon Musk shows Neuralink brain implant working in a pig ...

How Elon Musk pronounces ‘X A-12,’ his new son’s name

Elon Musk/Twitter

Elon Musk and singer Grimes welcomed a son on Monday, but the world puzzled over the baby's name. Musk said it was "X A-12," but it wasn't until Thursday, when the Tesla and SpaceX founder appeared on The Joe Rogan Experience, that he confirmed the name's pronunciation.

"How do you say the name?" Rogan asked. "Is it a placeholder?"

Apparently not. Musk says the name is pronounced "X Ash A Twelve," pretty much just as it looks. ("" is a character used in some languages, including Danish and Norwegian. It's often pronounced "ash," but some people pronounce each letter, saying "A E.")

"First of all, my partner's the one that mostly came up with the name," Musk said of Grimes. "I mean it's just X, the letter X, um, and the '' is pronounced, 'Ash,' and then, A-12 is my contribution." He went on to say that A-12 stood for "Archangel 12, the precursor to the SR-71, coolest plane ever."

If you want to hear Musk say it, you don't have to fast-forward through much of the video. Rogan asks him to pronounce it just 37 seconds in to the podcast.

Grimes herself tweeted out a more detailed explanation of why the various name parts were chosen. She called X "the unknown variable," and said that was "my elven spelling of Ai," which she explained as "love and/or artificial intelligence."

As for the A-12, she called the plane "our favorite aircraft," going on to tout its "no weapons, no defenses, just speed. Great in battle, but non-violent." Grimes also noted that the A in A-12 stood for "Archangel," which she said was "my favorite song." She didn't specify which song -- numerous songs are titled "Archangel" -- but some music sites are guessing she could mean the song by the band Burial. Grimes once cited Burial's "Archangel" song as a favorite on her Tumblr.

She ended her tweet with the words "metal rat" and emoji of crossed swords and a rat. 2020 is the year of the "metal rat" according to the Chinese zodiac, although of course it can also simply mean "fan of heavy metal music."

Grimes mistyped SR-17 instead of SR-71, but Musk corrected her in another tweet, writing, "SR-71, but yes."

To which she replied, "I am recovering from surgery and barely alive so may my typos b forgiven but, damnit. That was meant to be profound."

Whatever the name means, it's possible it won't appear on the baby's official California birth certificate -- at least not in the spelling that's been shared so far. A California family-law attorney told People magazine that while the name isn't illegal, the state doesn't allow symbols on birth certificates. Apostrophes, such as in a last name like O'Connor, are allowed, and it would seem that the hyphen might also make it through, but the "" might cause the certificate to be rejected, and the parents would have to submit it again.

Musk also noted that he was happy the baby was born on May 4, commonly known as Star Wars Day for the saying "May the fourth (Force) be with you."

This wasn't Musk's only memorable appearance on Rogan's podcast. In 2018, he appeared on the show and apparently took one puff of a marijuana cigarette. Recreational marijuana is, and was then, legal in California, but it remains illegal at the federal level.

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How Elon Musk pronounces 'X A-12,' his new son's name

Elon Musk Becomes The Worlds Fifth $100 Billion-Dollar Man – Forbes

Elon Musk's net worth got a boost from Tesla's stock split.

Update: This article has been updated to reflect Teslas share price as of the market close on August 31, 2020.

Tesla stock soared Monday after a stock split, lifting Elon Musks net worth to $102.9 billion at the market close. Shares jumped 12.6%, boosting Musks net worth by $10.4 billion since late Friday. Forbes calculates that he is now the fifth centibillionaire in the world, as well as the fifth-richest person in the world.

Musks net worth has quadrupled since mid-March, when he ranked No. 31 on Forbes Worlds Billionaires list, with a net worth of $24.6 billion. Hes now just behind Facebooks Mark Zuckerberg, who is worth $107.6 billion.

Not that this matters to Musk. The 49-year-old serial entrepreneur said hes indifferent to his standing on the Forbes list of billionaires. I really couldnt care less, Musk emailed Forbes about his net worth in July. These numbers rise and fall, but what really matters is making great products that people love.

Musks fortune hit $99 billion on Thursday August 27, then dipped on Friday August 28 as the electric carmakers shares fell 3.6%. Tesla stock split on a 5-for-1 basis on Friday after the market closed and started trading on a split-adjusted basis Monday morning. Smaller traders have reportedly snapped up the lower-priced shares, which are now $498.32 versus Fridays $2,213.40.

Musk owns 21% of the $464 billion (market cap) company but has pledged more than half his stake as collateral for personal loans; Forbes applies a discount to his pledged shares to account for the loans.

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Elon Musk Becomes The Worlds Fifth $100 Billion-Dollar Man - Forbes

Elon Musks Neuralink is neuroscience theater – MIT Technology Review

Rock-climb without fear. Play a symphony in your head. See radar with superhuman vision. Discover the nature of consciousness. Cure blindness, paralysis, deafness, and mental illness. Those are just a few of the applications that Elon Musk and employees at his four-year-old neuroscience company Neuralink believe electronic brain-computer interfaces will one day bring about.

None of these advances are close at hand, and some are unlikely to ever come about. But in a product update streamed over YouTube on Friday, Musk, also the founder of SpaceX and Tesla Motors, joined staffers wearing black masks to discuss the companys work toward an affordable, reliable brain implant that Musk believes billions of consumers will clamor for in the future.

In a lot of ways, Musk said, Its kind of like a Fitbit in your skull, with tiny wires.

Although the online event was described as a product demonstration, there is as yet nothing that anyone can buy or use from Neuralink. (This is for the best, since most of the companys medical claims remain highly speculative.) It is, however, engineering a super-dense electrode technology that is being tested on animals.

Neuralink isnt the first to believe that brain implants could extend or restore human capabilities. Researchers began placing probes in the brains of paralyzed people in the late 1990s in order toshow that signals could let them move robot arms or computer cursors. And mice with visual implants really can perceive infrared rays.

Building on that work, Neuralink says it hopes to further develop such brain-computer interfaces (or BCIs) to the point where one can be installed in a doctors office in under an hour. This actually does work, Musk said of people who have controlled computers with brain signals. Its just not something the average person can use effectively.

Throughout the event, Musk deftly avoided giving timelines or committing to schedules on questions such as when Neuralinks system might be tested in human subjects.

As yet, four years after its formation, Neuralink has provided no evidence that it can (or has even tried to) treat depression, insomnia, or a dozen other diseases that Musk mentioned in a slide. One difficulty ahead of the company is perfecting microwires that can survive the corrosive context of a living brain for a decade. That problem alone could take years to solve.

The primary objective of the streamed demo, instead, was to stir excitement, recruit engineers to the company (which already employs about 100 people), and build the kind of fan base that has cheered on Musks other ventures and has helped propel the gravity-defying stock price of electric-car maker Tesla.

In tweets leading up to the event, Musk had promised fans a mind-blowing demonstration of neurons firing inside a living brainthough he didnt say of what species. Minutes into the livestream, assistants drew a black curtain to reveal three small pigs in fenced enclosures; these were the subjects of the companys implant experiments.

The brain of one pig contained an implant, and hidden speakers briefly chimed out ringtones that Musk said were recordings of the animals neurons firing in real time. For those awaiting the matrix in the matrix, as Musk had hinted on Twitter, the cute-animal interlude was not exactly what they hoped for. To neuroscientists, it was nothing new; in their labs the buzz and crackle of electrical impulses recorded from animal brains (and some human ones) has been heard for decades.

A year ago, Neuralink presented a sewing-machine robot able to plunge a thousand ultra-fine electrodes into a rodents brain. These probes are what measure the electrical signals emitted by neurons; the speed and patterns of those signals are ultimately a basis for movement, thoughts, and recall of memories.

WOKE STUDIO

In the new livestream, Musk appeared beside an updated prototype of the sewing robot encased within a smooth, white plastic helmet. Into such surgical headgear, Musk believes, billions of consumers will one day willingly place their heads, submitting as an automated saw carves out a circle of bone and a robot threads electronics into their brains.

The futuristic casing was created by the industrial design firm Woke Studio, in Vancouver. Its lead designer, Afshin Mehin, says he strived to make something clean, modern, but still friendly-feeling for what would be voluntary brain surgery with inevitable risks.

To neuroscientists, the most intriguing development shown Friday may have been what Musk called the link, a silver-dollar-sized disk containing computer chips, which compresses and then wirelessly transmits signals recorded from the electrodes. The link is about as thick as the human skull, and Musk said it could plop neatly onto the surface of the brain through a drill hole that could then be sealed with superglue.

I could have a Neuralink right now and you wouldnt know it, Musk said.

The link can be charged wirelessly via an induction coil, and Musk suggested that people in the future would plug in before they go to sleep to power up their implants. He thinks an implant also needs to be easy to install and remove, so that people can get new ones as technology improves. You wouldnt want to be stuck with version 1.0 of a brain implant forever. Outdated neural hardware left behind in peoples bodies is a real problem already encountered by research subjects.

The implant Neuralink is testing on its pigs has 1,000 channels and is likely to read from a similar number of neurons. Musk says his goal to increase that by a factor of 100, then 1,000, then, 10,000 to read more completely from the brain.

Such exponential goals for the technology dont necessarily address specific medical needs. Although Musk claims implants could solve paralysis, blindness, hearing, as often what is missing isnt 10 times as many electrodes, but scientific knowledge about what electrochemical imbalance creates, say, depression in the first place.

Despite the long list of medical applications Musk presented, Neuralink didnt show its ready to commit to any one of them. During the event, the company did not disclose plans to start a clinical trial, a surprise to those who believed that would be its next logical step.

A neurosurgeon who works with the company, Matthew MacDougall, did say the company was considering trying the implant on paralyzed peoplefor instance, to allow them to type on a computer, or form words. Musk went further: I think long-term you can restore someone full body motion.

It is unclear how serious the company is about treating disease at all. Musk continually drifted away from medicine and back to a much more futuristic general population device, which he called the companys overall aim. He believes that people should connect directly to computers in order to keep pace with artificial intelligence.

On a species level, its important to figure out how we coexist with advanced AI, achieving some AI symbiosis, he said, such that the future of world is controlled by the combined will of the people of the earth. That might be the most important thing that a device like this achieves.

How brain implants would bring about such a collective world electronic mind, Musk did not say. Maybe in the next update.

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Elon Musks Neuralink is neuroscience theater - MIT Technology Review

Elon Musk confirms Tesla gigafactory was target of foiled cyberattack – MarketWatch

A Tesla Inc. logo is reflected in the glass of a closed showroom in San Diego. Bloomberg News

Elon Musk confirmed Thursday that the Tesla Inc. gigafactory in Nevada was the target of a cyberattack that was foiled by the FBI.

The blog Teslarati reported Thursday that a Russian man approached a worker at the factory in July through the WhatsApp chat app, and offered him $1 million to install malware into Teslas internal network that would cause a distributed denial-of-service attack. While Teslas cybersecurity team was distracted by the DDoS attack, the malware would access corporate secrets that the hackers could hold for ransom. Instead, the worker reported it to officials at Tesla, who alerted the FBI. He reportedly pretended to go along with the plan and wore a wire during future meetings with the Russian man, who was arrested Aug. 22 in Los Angeles in an apparent attempt to flee the U.S.

In a tweet replying to the Teslarati report, Musk confirmed This was a serious attack.

The Teslarati report lines up with a criminal complaint filed Aug. 23 in U.S. District Court in Nevada that accused Egor Igorevich Kriuchkov, a Russian national, of attempting to recruit a worker to introduce malware at an unidentified company.

The purpose of the conspiracy was to recruit an employee of a company to surreptitiously transmit malware provided by the coconspirators into the companys computer system, exfiltrate data from the companys network, and threaten to disclose the data online unless the company paid the coconspirators ransom demand, the Justice Department said in the filing.

Tesla TSLA, +3.97% did not immediately respond to a request for comment.

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Elon Musk confirms Tesla gigafactory was target of foiled cyberattack - MarketWatch

Elon Musks Net Worth Nears $100 Billion As Tesla Stock Burns Rubber – Forbes

Elon Musk is on the verge of becoming the world's fifth centibillionaire.

Elon Musk is on the verge of breaking his twelfth digit. Shares of his electric carmaker Tesla jumped 3.75% on Thursday, boosting Musks net worth by $3.2 billion, to $98.8 billionjust $1.2 billion away from making Musk the fifth centibillionaire in the world.

He is the worlds fifth-richest person, according to Forbes real-time ranking, clocking in ahead of the Oracle of Omaha Warren Buffett and behind Facebooks Mark Zuckerberg.

Musks fortune has quadrupled since mid-March, when he ranked No. 31 on Forbes Worlds Billionaires list with a net worth of $24.6 billion. He owns 21% of the $416 billion (market cap) company but has pledged more than half his stake as collateral for personal loans; Forbes applies a discount to his pledged shares to account for the loans.

Tesla stock will split on a 5-for-1 basis on Friday after the market close and start trading on a split-adjusted basis on Monday. Shares have risen 35% since Tesla announced the move on August 11.

Analysts are divided on Teslas meteoric rise. Bernstein analyst Toni Sacconaghi called the companys valuation mind-boggling in late July. "Despite our relatively bullish stance on electric vehicle evolution, and structural advantages we believe Tesla may hold, we find it difficult to justify Tesla's current valuation even under our most bullish/imaginative scenarios, Sacconaghi wrote in a research note. He also warned that the Chinese government could retaliate against Tesla and other American tech companies over President Trumps TikTok ban.

Wedbushs Dan Ives, who recently raised his bull case price target to $3,500 a share, contends that Tesla will keep soaring. We still think bright days are ahead for Tesla, Ives told Bloomberg last week. Despite the haters who continue to scratch their heads, the stock moves higher.

Musk has received two enormous stock option grants this year, worth $6.4 billion, as part of his compensation package. A third is on the way if Tesla maintains a six-month average market capitalization of $200 billion, and posts either $55 billion of revenue or $4.5 billion of adjusted EBITDA for the previous four consecutive quarters.

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Elon Musks Net Worth Nears $100 Billion As Tesla Stock Burns Rubber - Forbes