28 C
Punjab
Sunday, June 13, 2021

use promo code WHILENEWS

spot_img

Elon Musk Gets New Official Title ‘Technoking of Tesla’

Must read


Tesla added “Technoking of Tesla” to billionaire Chief Executive Officer Elon Musk’s list of official titles on Monday, in a regulatory filing that also named finance chief Zach Kirkhorn “Master of Coin.”

The electric-car maker did not explain the reasons for the cryptic new titles.

Musk also shared a new electronic music track about a non-fungible token, or NFT – a new type of digital asset that is authenticated by blockchain.

“I’m selling this song about NFTs as an NFT,” the tweet said, showing a video of what appeared to be a golden trophy decorated with coins and dog figurines accompanied by a pulsing techno music.

The popularity of NFTs has exploded during the pandemic, as enthusiasts and investors scramble to spend enormous sums of money on items that only exist online.

Last month, musician and artist Grimes, who is dating Musk, sold some animations she made on a website called Nifty Gateway for more than $6 million (roughly Rs. 43 crores).

It was not immediately clear if Musk actually intended to sell the video or the song.

Musk’s recent promotion of Dogecoin on Twitter has also lifted the price of that cryptocurrency.

Last month, Tesla revealed it had purchased $1.5 billion (roughly Rs. 10,870 crores) of Bitcoin and would soon accept it as a form of payment for cars, sending the price of the world’s most popular cryptocurrency soaring.

Bitcoin hit new highs of near $62,000 (roughly Rs. 45 lakhs) over the weekend but retreated around 5 percent early in the European day on Monday.

In another statement, Tesla said President of Automotive Jerome Guillen had moved to the role of President for Tesla Heavy Trucking, to lead Tesla’s entry into “the critical heavy trucks market for the first time.”

Tesla said in January that it will begin deliveries of its long-delayed Tesla Semi trucks in 2021.

© Thomson Reuters 2021


Has the Redmi Note 10 Series raised the bar in the budget phone market in India? We discussed this on Orbital, our weekly technology podcast, which you can subscribe to via Apple Podcasts, Google Podcasts, or RSS, download the episode, or just hit the play button below.



Source link

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest article

%d bloggers like this: