Why has the price of Bitcoin been falling?

NEW YORK (AP) — Even by Bitcoin’s standards, Wednesday was pretty wild. The price of the famously volatile digital currency fell nearly 30% at one point after the China Banking Association warned member banks of the risks associated with digital currencies. The decline narrowed to below 10% in the afternoon, but Bitcoin had still lost […]

Astronauts arrive at launch site for 2nd SpaceX crew flight

CAPE CANAVERAL, Fla. (AP) — Four astronauts arrived at Kennedy Space Center on Sunday for SpaceX’s second crew launch, coming up next weekend. For NASA, it marks the long-awaited start of regular crew rotations at the International Space Station, with private companies providing the lifts. There will be double the number of astronauts as the […]

SpaceX capsule and NASA crew make 1st splashdown in 45 years

CAPE CANAVERAL, Fla. (AP) — Two NASA astronauts returned to Earth on Sunday in a dramatic, retro-style splashdown, their capsule parachuting into the Gulf of Mexico to close out an unprecedented test flight by Elon Musk’s SpaceX company. It was the first splashdown by U.S. astronauts in 45 years, with the first commercially built and […]

Tesla picks Texas site for second US vehicle assembly plant

Austin (AP), July 23 – Electric car maker Tesla Inc. has picked the Austin, Texas, area as the site for its largest auto assembly plant employing at least 5,000 workers. The new factory will build Tesla’s upcoming Cybertruck pickup and will be a second U.S. manufacturing site for the Model Y small SUV, largely for […]

Tesla’s spent a year terrifying, electrifying Wall Street

DETROIT (AP) — Tesla’s losses were mounting last summer, massive debt payments were looming, and both Wall Street and federal regulators had run out of patience with the erratic behavior of CEO Elon Musk. One year ago this week, shares plunged 14% after Tesla posted another quarterly loss, this one for $408 million, wiping out […]

SpaceX’s historic encore: Astronauts arrive at space station

CAPE CANAVERAL, Fla. (AP) — SpaceX delivered two astronauts to the International Space Station for NASA on Sunday, following up a historic liftoff with an equally smooth docking in yet another first for Elon Musk’s company. With test pilots Doug Hurley and Bob Behnken poised to take over manual control if necessary, the SpaceX Dragon capsule pulled […]

‘Bummed out’: SpaceX launch scrubbed because of bad weather

CAPE CANAVERAL, Fla. (AP) — The launch of a SpaceX rocket ship with two NASA astronauts on a history-making flight into orbit was called off with less than 17 minutes to go in the countdown Wednesday because of thunderclouds and the risk of lightning. Liftoff was rescheduled for Saturday afternoon. The spacecraft — designed, built […]

Tesla CEO Musk restarts California factory amid lockdown

FREMONT, Calif. (AP) — Tesla CEO Elon Musk confirmed Monday that the company has restarted its California factory, a move that defied local government orders involving measures to contain the coronavirus. In a tweet, Musk practically dared authorities to arrest him, writing that he would be on the assembly line and if anyone is taken […]

Jury: Elon Musk did not defame British caver in tweet

LOS ANGELES (AP) — Elon Musk defeated defamation allegations Friday from a British cave explorer who claimed he was branded a pedophile when the Tesla CEO called him “pedo guy” in an angry tweet. Vernon Unsworth, who participated in the rescue of 12 boys and their soccer coach trapped for weeks in a Thailand cave […]

Musk unveils SpaceX rocket designed to get to Mars and back

BOCA CHICA VILLAGE, Texas (AP) — Elon Musk has unveiled a SpaceX spacecraft designed to carry a crew and cargo to the moon, Mars or anywhere else in the solar system and land back on Earth perpendicularly. In a livestreamed speech from SpaceX’s launch facility near the southern tip of Texas, Musk said Saturday that […]