Adam Levi, co-founder of Backed Finance, said that the search for a balance between compliance needs and the openness of decentralized finance eventually led the company to settle in Switzerland. Companies are registered in Europe, he said, because Switzerland allows them to issue digital representations of shares such as Tesla and Nvidia, known as xStocks, which are freely transferable rather than subject to so-called whitelists....
According to Tesla's 10-K filing with the SEC, Tesla holds a total of 11,509 BTC, which is the first official disclosure of BTC holdings. It is consistent with the previous disclosure of holdings by Arkham.
Tesla's U.S. stock market opened up nearly 5% today, setting a new high since September 2022, and the total market value once again reached $1 trillion. According to 8marketcap data, Tesla's market value is now around $1.022 trillion, up 7.3% in the past 24 hours.
1. Tesla's total revenue in the second quarter of this year was $25.50 billion, and bitcoin holdings remained unchanged for eight consecutive quarters. 2. Author of "Rich Dad Poor Dad": If Trump wins the general election, bitcoin will reach $105,000. 3. The latest round of campaign fundraising in the US Democratic Party went well, and the Harris concept Meme token hit a record high. 4. Inflows into the BlackRock Bitcoin Spot ETF hit a record high since the beginning of March. 5. The market value...
A group of Tesla investors has sued Musk, Tesla Inc., and board members, alleging that Musk harmed Tesla by diverting resources from Tesla to his artificial intelligence startup, xAI. The lawsuit alleges that the diverted resources included poaching artificial intelligence employees from Tesla, transferring Tesla's microchips to X (Twitter) and xAI, which also used Tesla data to develop its own software/hardware, for which Tesla was not compensated.
Tesla will spend about $10 billion this year on AI training and inference, the latter mostly in cars.