Tag Archives: elon musk

Has Elon Musk Damaged His Portfolio By Buying Bitcoin?  After tweeting repeatedly for some time about bitcoin and the originally satirical degecoin, both of which have gone up massively in the past year, on Feb. 8 Elon Musk put his money where his mouth had been and had his Tesla EV company buy about $1.5 billion in bitcoin.  The immediate aftermath of this was a substantial surge of the crypto from somewhat over $40,000 to somewhat over...

More than 300 satellites will be put into orbit as China, inspired by US billionaire Elon Musk’s plan to get the entire world online, aims to establish a global Wi-Fi network of its own. Musk’s Starlink initiative reportedly consists of more than 12,000 interlinked satellites. The state-owned China Aerospace Science and Technology Corporation has been tasked with developing and launching such satellites, the Beijing-based Science and Technology Daily reports.... Asia TimesChina to follow...

price discrimination: n. the action of selling the same product at different prices to different buyers in order to maximize profits. This is, of course, the definition of price discrimination that I give to my classes. In practice, however, this notion of “same product” isn’t quite as simple as us instructors would have you believe. (Is anything ever, really?) We know that early-bird discounts at restaurants are generally considered price discrimination, as are higher prices for airline...

I don’t need to tell anyone of the importance of Tesla’s expansion into home battery technology. A home battery lets you store solar energy to use when the sun isn’t shining, which is a really, really major thing in terms of power distribution. As I’ve been pointing out for years, this is the crucial missing link between photovoltaic cells being a rapidly, rapidly cheapening technology with a lot of rollout potential, and photovoltaic cells being the major source for the world’s power. As I...