Scam Alert: Is Elon Musk Messing with the Twitter Community or Was His Account Hacked After All?

The famous entrepreneur Elon Musk is one of the biggest trolls on the Internet. At this point, it is hard to say whether what he posts is real or was his account hacked.

For example, recently the founder of Tesla made a couple of weird tweets, confessing his love for anime and encouraging people to buy Bitcoins. The administration of Twitter blocked his account, thinking that he was a victim of a hacker attack, but the tweets were very real.

This time, Musk’s account was involved in another classical crypto giveaway. The person pretending to be Elon Musk offered his subscribers to send BTC to a specific wallet and receive many more in return.

Hopefully, the community was careful enough this time. The scam was quickly uncovered.

Subscribe to The Coin Shark news in Facebook: https://www.facebook.com/coinshark/

Donald Trump Might Have Increased His Wealth Due to Some Shady Business with Deutsche Bank

Donald Trump has undoubtedly won the title of the most eccentric president of the United States. Given the amount of accusations, convictions and general displeasure, it is a wonder how he has not been impeached yet. However, this new endeavour might put the last bits of his reputation at stake.

The New York Attorney General started an investigation regarding the financial relationship between the Trump Organization and Deutsche Bank. Reportedly, the major German bank has provided over 2 billion dollars in loans to the American president over the years.

The misconduct of Trump

The story begins in 2004, when Trump first encountered Deutsche Bank. The businessmen went to the real estate department and filed for a loan for his 92-story Trump International Hotel and a Trump Tower in Chicago.

At first sight everything seems fine, but it surely isn’t. When asked about the financial situation, Trump claimed to own a much larger sum of money than he actually had back then. Simply speaking, he lied to the bank about his net worth.

Mr. Trump told Deutsche Bank his net worth was about $3 billion, but when bank employees reviewed his finances, they concluded he was worth about $788 million, according to documents produced during a lawsuit Mr. Trump brought against the former New York Times journalist Timothy O’Brien,” is mentioned in the investigation files.

The weird thing is that although the bank officials surely suspected something, they didn’t take time to check and verify the information provided by Trump. Instead of that, they kept loaning him massive amounts of money.

In 2010 Trump received a 100-million-dollar loan from the Deutsche Bank to built a resort in Florida. Experts claim that he deliberately increased his net worth by almost 70% in the application in order to get the money.

In 2014 the current US president tried to purchase the popular football team Buffalo Bills. When the NFL demanded the proof that he would have enough finances to conduct the deal, Trump claimed that he owned almost 9 billion dollars, and this all happened through Deutsche Bank once again.

Right now, the authorities are finally starting to see the whole picture and its scale. The investigation has already started. Faking net worth to get such huge loans might result in big problems for both Trump and Deutsche Bank.

Subscribe to The Coin Shark news in Facebook: https://www.facebook.com/coinshark/

Elon Musk Showed Fans the First Teaser of the Tesla Electric Pickup Truck

Recall that last Friday there was a presentation of a younger crossover – Model Y in the design studio of Tesla company. The new car was perceived ambiguously, some fans expected the crossover to have more differences from the compact Model 3 sedan. Although it was quite expected since the characteristics of Model Y have been known for a long time.

It is also known that the next presentation, which Elon Musk will carry for Tesla, will concern a car with a completely new design – an electric pickup, which does not have a name yet.

Just recently, Musk confirmed that the new pickup will have a very futuristic design that he personally likes very much. Literally, right after the presentation of the compact crossover, Elon posted a teaser for new pickup on Twitter.

Of course, it is very difficult to see any elements of the exterior on this picture, but most users agreed that the teaser shows the hood of the upcoming new pickup.

There is still very little information about this car:

  • it will have crazy power and torque;
  • power reserve will be 600 – 750 km;
  • and of course, the pickup will be equipped with a full autopilot;
  • it should be presented this year;
  • its mass production will begin no earlier than 2021-2022.

We will closely follow the news and provide you with the latest information.

Subscribe to The Coin Shark news in Facebook: https://www.facebook.com/coinshark/

Tesla Model Y Reveal Was Not Impressive Which Resulted in a Significant Drop of Tesla Shares

Usually all news about Tesla is divided into news of Elon Musk posting something strange or controversial on Twitter and the actual news on Tesla vehicles. Furthermore, if a price drop of Tesla shares is observed, it is usually connected to the first category of news.

However, this time it seems like Elon Musk didn’t post anything to send the share price into the downfall direction, people just didn’t quite enjoy the newly announced Tesla Model Y.

Elon Musk has strongly decided to make his vehicles more accessible to larger amounts of people, thus establishing much lower prices for Tesla’s later releases. Model Y is his third attempt to enter the car mass market. So what could have disappointed the community so much that it made TSLA price plummet down?

Source: Yahoo Finance

So why wasn’t Tesla Model Y welcomed warmly?

Price

There are two main factors which could have influenced the situation with the shares. Firstly, it is the price of Tesla Model Y. Although it was presented as a more affordable, mass market vehicle, its cost remains unbelievably high.

The starting price of the cheapest, standardized version of Model Y is 39 thousand dollars, while the long range one and Model Y Performance will retail for 47 and 60 thousand dollars correspondingly. Moreover, this is the cost of a bare car, extra details and features will add to the price significantly.

Many experts argue that despite the fact the price of Tesla Model Y is much higher than the similar SUVs, and not everybody believes that this cost is justified.

Nothing new

As we have already mentioned in our review of Model Y, this car shares 70% of details with its predecessor Model 3. The design of the two vehicles is also pretty similar.

Many people were displeased with the fact that Tesla hasn’t added any brand new features to their new car. Model Y looks just like an upgraded version of Model 3, so many people don’t see the need to purchase it.

Thus, these two factors summed up and resulted in an almost 5% drop of Tesla share price.

Subscribe to The Coin Shark news in Facebook: https://www.facebook.com/coinshark/

Tesla Announces Its Model Y Vehicle with the Starting Price of 47 Thousand Dollars

Not much time has passed since the electromobile company Tesla put out its long-awaited Model 3 on sale, and now we hear another loud announcement from Elon Musk. Tesla has introduced the 5th vehicle in its line and the 2nd mass-market car during the conference in Los Angeles – Model Y.


Source: Tesla

The new cars will be available for sale either in the spring of 2020 or in the autumn of 2021. As usual, the customers will be able to choose between the two versions of the car: a standardized one and a long-range one, plus there is a bonus.

The former (standard version) is able to travel 230 miles without a recharge. It accelerates from 0 to 60 miles per hour in 5.9 seconds, its maximum speed is 120 miles per hour. This is the cheapest car among the others, the starting price is 39 thousand dollars. However, the vehicle will be available for sale only in 2021.

The long-range Model Y is capable of travelling 300 miles without a recharge, takes 5.5 seconds to reach a speed of 60 miles per hour, and the maximum speed is 130 miles per hour. It is going to retail for 47 thousand dollars. It will be the first car to come out, you will be able to purchase it in 2020.

Moreover, Tesla announced its more upgraded development – Performance. This Model Y Tesla can accelerate from 0 to 60 miles per hour in only 3.5 seconds. Its maximum speed is 150 miles per hour and it will travel 280 miles without a recharge. This car will retail for whopping 60 thousand dollars and will also be put on sale in 2020 together with the long-range Model Y.

The design of Model Y is pretty similar to Model 3, furthermore, these two vehicles share 70% of the same technological components.

Elon Musk is quite proud of his brand new “child”.

It has the functionality of an SUV, but it will ride like a sports car. So this thing will be really tight on corners,” he said.

Tesla’s CEO also claimed that Model Y is going to be the safest midsize sports utility vehicle, which will definitely provide for high evaluation from the customers. We will have to see about that given the fact that Musk said similar things about Model 3, and one of such cars got involved in a serious car accident only a few days after it had been put out for sale.

Subscribe to The Coin Shark news in Facebook: https://www.facebook.com/coinshark/

The First Movie About Cryptocurrency Has the First Trailer Out

As we reported earlier, cryptocurrency was going to make its appearance in art, mainly in cinematography. We presented to you the plans on the movie featuring crypto with Kurt Russell playing one of the main roles. However, back then it was still unclear whether this film will actually see the world or not.

Now it’s absolutely obvious – it will. The first trailer of “Crypto” has dropped recently and created massive hype around it.

The description of the trailer is quite promising. It says:

In this cyber-thriller starring Kurt Russell and Beau Knapp, a Wall Street banker connects a small-town art gallery to a global conspiracy, putting his own family in grave danger.”

Let’s find out more about the upcoming movie.

Crypto was directed John Stalberg Jr. and a star-studded cast of Hollywood stars, such as Kurt Russell, Luke Hemsworth, Alexis Bledel, Beau Knapp, Jeremie Harris, Vincent Kartheiser and others.

The plot of Crypto, the movie, focuses on the character of Beau Knapp, who is a cyber security expert, the best one when it comes to fight money laundering. He is sent to a small American town Elba in order to track down and stop the group of hackers who are obviously laundering Bitcoins.

The upcoming movie will show a crypto exchange, which looks oddly similar to Coinbase, where Bitcoin Cash will be listed at a price of almost 1 thousand dollars. Moreover, no American thriller could ever be made without the appearance of Russian mafia.

Overall, Crypto did a good job with the first trailer and created the necessary effect – everybody is intrigued and interested.

The film will be out in selected cinemas on April 12. Also it will be available on demand. We will surely report a detailed review on this crypto-related art piece after it is released.

Subscribe to The Coin Shark news in Facebook: https://www.facebook.com/coinshark/

Forbes Published The Annual List of The Richest People In The World: Amazon Is On The Top

American business magazine Forbes has updated its annual list of the wealthiest people in the whole world, stating that, in overall, the amount of billionaires has dropped as no one is “immune to economic forces and weak stock markets.” Nevertheless, let us look how much money the ultra-rich and just rich are in possess right now.

The list is topped by the CEO and founder of Amazon – Jeff Bezos, the estimated amount of money accounts for $131 billion. His fortune has swelled by $19 billion in just one year, making him the richest person in the universe for the second time in a row.

The second place was occupied by the principal founder of Microsoft – Bill Gates, his fortune is estimated for $96,5 billion. Gates has become the wealthiest person for 12 times, his riches has grew up by approximately $6 billion in compare to 2018.

The top three ultra-rich people is closed by Warren Buffet – the world-known investment guru. The most successful investor of all the time possesses $82,5 billion. Interestingly, he claimed that he would donate 99% of his fortune.

The top ten of the world’s billionaires list:

Source: Forbes

The list also includes Mark Zuckerberg ($62,3), who has been battling with privacy problems on Facebook; Jack Ma ($37,3) took #21 position, in September 2018, he announced he would resign as Alibaba’s executive chairman; Elon Musk placed #40 with the fortune of $22,3 billion, even though he had some problems with the SEC earlier this year, his company SpaceX was valued at $20 billion.

The youngest self-made billionaire became Kylie Jenner, at the age of 21, her net worth is estimated at $1 billion. She owns 100% of her own company – Kylie Cosmetics, with the annual income of $360 million.  

In general, this year’s list is 55 fewer billionaires than it was last year, the most since the economic crisis in 2009. Nonetheless, 195 newcomes made them to the list. The future is unpredictable that is why let us together see what happens next.

Subscribe to The Coin Shark news in Facebook: https://www.facebook.com/coinshark/