Tag: Tesla Motors

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Dogecoin carbon emissions down by 25% following Elon Musk collaboration

January 18, 2023

When Musk backtracked on accepting Bitcoin payments for Tesla, he believed that Dogecoin — “even though it was created as a silly joke” — was better suited for transactions. Research shows that Dogecoin (DOGE) was the only memecoin in 2022 to proactively reduce its carbon footprint — a key metric for mainstream adoption —  by…
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Elon Musk’s Tesla is already $1 billion in profit from holding Bitcoin

October 14, 2021

Tesla’s Bitcoin stash is now worth $1 billion more than when Elon Musk approved the purchase in February. Tesla’s bold foray into the Bitcoin (BTC) market has been paying off in 2021 as BTC’s price has been rallying in October to hit over $58,000 on Oct. 14. Tesla currently holds roughly 43,200 BTC, worth roughly $2.5…
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