Elon Musk, the tech entrepreneur, holds the number three position on the list of the wealthiest people on the planet. Mr. Musk makes news for his off-the-wall social and business comments. And his battle with the press.
Elon Made TV History When He Hosted Saturday Night Live
Mr. Musk did a little acting in the past, so hosting Saturday Night Live was a bucket list dream for him. Musk critics claim his performance was less than stellar. But announcing he has that issue, and announcing he was the first Asperger’s sufferer to host the show, went a long way with the audience. But according to SNL, Dan Aykroyd was the first person with Asperger’s to host the show.
Hosting SNL allowed Musk to promote Dogecoin Dogecoin is another cryptocurrency. Dogecoin started as a joke, but Elon made it a serious investment tool.
Mr. Musk’s space rivalry with Jeff Bezos also keeps the press busy. SpaceX, Elon’s space travel company, won a NASA contract worth $200 million recently. But Jeff Bezos thought his company, Blue Origin, could handle another human mission to the Moon better than SpaceX. But the recent 367-day mission to the space station and its successful landing back on Earth gave Musk serious bragging rights.
Musk Invested In Bitcoin But Car Buyers Can’t Use The Cryptocurrency To Buy A Tesla
In 2020, Tesla bought $1.8 billion worth of Bitcoin to offset slow vehicle sales, according to David Portnoy, the founder of Barstool Sports. Bitcoin mining uses more energy than fossil fuel. That fact forced Musk to start selling his massive Bitcoin fortune and denounce how Bitcoin mining takes place. When Mr. Musk announced Tesla buyers can’t use Bitcoin to purchase an electric vehicle, the value of Bitcoin dropped by 12%. But a Bitcoin is still worth more than $50,000.
Elon decided to separate himself from Bitcoin because of his environmental concerns. But Barstool Sports guy Dave Portnoy sent a tweet saying Elon tried to tank Bitcoin.
Mr. Portnoy also told the press Musk goes around acting like he is the Wizard of Crypto Oz. Investors wait to see what he does next. Portnoy also said Musk has a habit of pumping up the value of Bitcoin and then dumping, and that it is shady. Mr. Portnoy also said Musk plays with people’s lives and their fortunes whenever he wants.