Welcome back, readers. The year is 2022, and our social media feeds are filled with influencers.There are <a href="https://www.businessinsider.com/how-much-water-park-creator-alex-ojeda-earns-tiktok-instagram-2022-8">water park</a> influencers, <a href="https://www.businessinsider.com/could-dog-cat-instagram-famous-what-pet-agency-looks-for-2022-6">pet</a> influencers, and <a href="https://www.businessinsider.com/online-side-hustle-making-thousands-a-month-linkedin-influencer-2022-6">LinkedIn</a> influencers. And in another corner of the internet, there is a burgeoning generation of crypto influencers, whose work, in many cases, can blur ethical lines.I'm your host, Jordan Parker Erb. Today, I'm giving you a glimpse at my colleagues' story on <a href="https://www.businessinsider.com/the-rise-of-cryptocurrency-youtube-influencers-2022-8">the emergence of crypto hype-men</a>.Let's get to it.<hr />If this was forwarded to you, <a href="https://www.businessinsider.com/subscription/newsletter/10-things-in-tech">sign up here</a>. Download Insider's app <a href="https://link.insider.com/click/27645591.160803/aHR0cHM6Ly93d3cuaW5zaWRlci5jb20vYXBwP25yX2VtYWlsX3JlZmVyZXI9MSZ1dG1fc291cmNlPVNhaWx0aHJ1JnV0bV9tZWRpdW09ZW1haWwmdXRtX2NvbnRlbnQ9T3BlbmluZ19iZWxs/62667762063d6b9bef0cffb3Bf9c9aa56">here.</a><hr /><a href="https://www.businessinsider.com/the-rise-of-cryptocurrency-youtube-influencers-2022-8"></a>1. Crypto influencers are touting questionable advice — and there's not much that can stop them. As cryptocurrencies gain mainstream popularity, an overnight generation of influencers has stepped up to offer advice to millions of people. And even though their advice is often terribly wrong, <a href="https://www.businessinsider.com/the-rise-of-cryptocurrency-youtube-influencers-2022-8">they still profit off loyal fans</a>. <ul><li>Most cryptocurrency analysts rarely have any certifications or financial training, but they've amassed huge followings of people looking for guidance. And even as their predictions have faltered, many use other revenue streams to pad their own wallets. </li><li>Some heavily promote referral links for cryptocurrency exchanges, sell crypto-branded T-shirts and other merch, or offer fans online classes that promise to make viewers crypto-millionaires.</li><li>Together, these revenue streams mean crypto influencers profit off their viewers — no matter which way the market turns.</li></ul><a href="https://www.businessinsider.com/the-rise-of-cryptocurrency-youtube-influencers-2022-8">Inside the rise of crypto hype-men.</a><hr />In other news:<a href="https://www.businessinsider.com/man-tracks-elon-musk-jet-may-stop-give-flight-chat-2022-8"></a><div type="image" title="Elon Musk at the Met Gala." height="1970" width="2626" msid="93855183" hostid="261"></div>2. The 20-year-old who tracks Elon Musk's private jet says he would stop if the billionaire took him on a flight. Jack Sweeney, who runs Twitter accounts tracking celebs' jets, said he would shut down the account that tracks Musk's travels if the Tesla boss meets his conditions. <a href="https://www.businessinsider.com/man-tracks-elon-musk-jet-may-stop-give-flight-chat-2022-8">Here's what else Sweeney is asking for.</a> 3. Linktree said it'd go "above and beyond" for laid-off staffers, but some felt cast off by the firm. When the $1.3 billion startup cut 17% of its workforce, CEO Alex Zaccaria said the company would help workers who were let go — but some "Linkers" say that hasn't been their experience. <a href="https://www.businessinsider.com/some-laid-off-linktree-staff-felt-collateral-damage-poor-planning-2022-8">What laid-off LinkTree employees told us.</a>4. Netflix is weighing plans to charge $7 to $9 per month for its ad-supported subscription. According to Bloomberg, Netflix's ad-supported subscription tier could be less than half the price of its most popular standard plan. <a href="https://www.businessinsider.com/netflix-considering-charging-7-to-9-month-ad-supported-subscription-2022-8">What we know so far.</a>5. A 19-year-old YouTube video editor shares how much he earns. Mathew Rhyze began working for a YouTuber with 4 million subscribers in 2021, and is earning about $6,400 a month. <a href="https://www.businessinsider.com/job-diary-full-time-youtube-tiktok-video-editor-salary-2022-8">Rhyze breaks down his income and what the job is like. </a>6. Scammers are recruiting, staging interviews with, and "hiring" employees to steal their identity. The elaborate identity theft scheme targets new grads and young job seekers on sites like LinkedIn and AngelList. <a href="https://www.businessinsider.com/how-to-avoid-scammers-posing-job-recruiters-id-theft-2022-8">How to avoid getting swindled.</a>7. We have 18 book recommendations to round out your summer reading list. Insider asked venture capitalists for book recommendations for personal growth, professional development, and fun. From sci-fi series to books about CEOs and founders, <a href="https://www.businessinsider.com/vc-share-summer-book-recommendations-personal-professional-development-2022-8">these are their top picks</a>. 8. Elon Musk's mom says she sleeps in a "garage" when she visits him. Musk's mom, Maye, told The Times UK that the unusual sleeping arrangement is because "you can't have a fancy house near a rocket site." <a href="https://www.businessinsider.com/elon-musk-mother-maye-musk-sleeps-in-garage-spacex-texas-2022-8">What else she said.</a><hr />Odds and ends:<a href="https://www.businessinsider.com/buying-an-electric-car-experts-say-consider-charging-range-commute-2022-8"></a><div type="image" title="The Tesla Model Y electric SUV charging at a home." height="2250" width="3000" msid="93855185" hostid="261"></div>9. Thinking about buying your first EV? Here's what to know before you do. With more drivers than ever considering an electric vehicle, we asked experts the most important things to think about before taking the plunge. <a href="https://www.businessinsider.com/buying-an-electric-car-experts-say-consider-charging-range-commute-2022-8">Four things to consider before buying an electric car. </a>10. A new AI tool pokes fun at LinkedIn by creating cringy, aspirational posts. Type in an activity and a clichéd piece of inspirational advice, and the Viral Post Generator will churn out a mock LinkedIn post. <a href="https://www.businessinsider.com/ai-tool-viral-post-generator-makes-parody-linkedin-posts-cringe-2022-8">More on the AI tool the internet can't get enough of.</a><hr />What we're watching today:<ul><li>NASA's deep space exploration system Artemis I is scheduled to launch this morning. <a href="https://www.youtube.com/watch?v=CMLD0Lp0JBg">Here's how to watch.</a></li><li>Elon Musk and Volodymyr Zelenskyy will speak <a href="https://ons.no/">at the ONS Conference</a>.</li><li>VMware Explore takes place through Sept. 1 <a href="https://www.vmware.com/explore/us.html">in San Francisco</a>.</li><li>It's Airbnb CEO Brian Chesky's birthday.</li></ul><hr />Keep updated with the latest tech news throughout your day by checking out<a href="https://link.chtbl.com/therefresh"> The Refresh from Insider,</a> a dynamic audio news brief from the Insider newsroom. <a href="https://link.chtbl.com/therefresh">Listen here.</a><hr />Curated by Jordan Parker Erb in New York. (Feedback or tips? Email <a href="mailto:jerb@insider.com">jerb@insider.com</a> or tweet <a href="https://twitter.com/jordanparkererb?lang=en">@jordanparkererb</a>.)

Crypto influencers peddle questionable advice and profit off their viewers &mdash; no matter which way the market turns

Hello and welcome back to <keyword id="1083886" type="ORGANIZATION" weightage="60" keywordseo="trending">Trending</keyword>, Business Insider's weekly look at the world of tech. I'm Alexei Oreskovic, Business Insider's West Coast Bureau Chief and Global Tech Editor. If you want to get Trending in your email inbox every Wednesday, <a href="http://newsletter.businessinsider.com/join/4np/trending">just click here.</a> <h2>This week: While <keyword id="6354576" type="UNKNOWN" weightage="60" keywordseo="facebook">Facebook</keyword> burns, Bezos adapts </h2> <div type="image" title="Jeff Bezos Mark Zuckerberg" height="900" width="1200" msid="76859074" hostid="261"></div> The 4th of July fireworks have (for the most part) quieted down in recent days, but the barrage rattling Facebook is booming as loudly as ever, leaving Mark Zuckerberg, <a href="https://www.businessinsider.com/sheryl-sandberg-facebook-wont-follow-all-civil-rights-audit-recommendations-2020-7">Sheryl Sandberg, and the rest of Facebook's top brass scrambling</a>. But while much attention has focused on the Facebook drama, with <a href="https://www.businessinsider.com/companies-no-longer-advertising-on-facebook-after-poor-speech-moderation-2020-6">advertisers leaving the platform in droves</a>, a number of other important tech stories are developing: <ul><li><a href="https://www.businessinsider.com/palantir-ice-explainer-data-startup-2019-7">Palantir</a>, the controversial data analytics startup cofounded by Peter Thiel, <a href="https://www.businessinsider.com/palantir-confidentially-files-for-initial-public-offering-2020-7">filed paperwork for a public listing</a>. BI's Becky Peterson previously reported that <a href="https://www.businessinsider.com/palantir-prepares-to-file-s-1-ahead-of-potential-ipo-2020-6">a prospectus to go public was in the works,</a> and this filing positions <keyword id="1058282" type="PERSON" weightage="60" keywordseo="Palantir">Palantir</keyword> for a September debut. But... Still unclear is whether Palantir expects to raise money in a traditional IPO or to list shares <a href="https://www.businessinsider.com/top-bankers-think-there-will-be-more-direct-listings-2019-12">through a direct listing.</a> Regardless, <a href="https://www.businessinsider.com/covid-19-is-shedding-dim-light-on-airbnbs-business-model-2020-3">absent an Airbnb IPO</a>, this is likely to be the major market debut of the year. Stay tuned, we'll be covering this one closely in the coming weeks and months.</li><li>The Treasury Department <a href="https://www.businessinsider.com/ppp-loans-data-paycheck-protection-small-business-names-released-government-2020-7">finally released names of the recipients of its Paycheck Protection Program loans</a> in a massive spreadsheet that appears to be rife with errors. Several VC firms, including Andreessen Horowitz and Index Ventures, were listed as loan recipients — <a href="https://www.businessinsider.com/ppp-recipients-burning-man-bird-a16z-yeezy-coronavirus-business-loans-2020-7">loans that the VC firms insist they neither asked for nor received</a>. Ditto for some startups, like e-scooter company Bird. So what happened? It's still not clear if or why the government list of loan recipients is so inaccurate — the fact that <a href="https://www.businessinsider.com/ppp-sba-business-loans-banks-crash-etran-automation-tech-challenges-2020-5">the Small Business Administration relies on an antiquated technology platform called E-Tran</a> may turn out to have played a part. Or it could be as simple as human data entry errors, exacerbated by a harried process. But a bigger question than the cause of the screw-up is likely to be where the loaned money actually went.</li></ul><h3>Meanwhile, in Amazonia...</h3>One of <a href="https://www.businessinsider.com/amazon-threat-to-google-business-analysts-covid-19-2020-7">the biggest benefactors</a> of the Facebook ad boycott could turn out to be Amazon, <a href="https://www.businessinsider.com/inside-amazons-growing-ad-business-everything-we-know-2019-5">whose ad business</a> has none of the controversial issues of Facebook and is <a href="https://www.businessinsider.com/amazon-threat-to-google-business-analysts-covid-19-2020-7">not as reliant as Google on advertisers that have been affected by the coronavirus.</a> <div type="image" title="Amazon Prime" height="784" width="980" msid="76859077" hostid="261"></div> We'll find out in a few weeks, when Amazon reports Q2 earnings results. In the meantime, as <a href="https://www.businessinsider.com/amazon-delays-prime-day-again-to-october-2020-7">Eugene Kim reports</a>, Amazon's Prime business has been quietly making some interesting changes. COVID-19 testing, a la Prime: Remember that $300 million <a href="https://www.businessinsider.com/amazon-building-lab-to-test-for-covid-19-2020-4">in-house COVID-19 testing lab Amazon</a> is setting up for its workers? We now know who's leading the effort. Cem Sibay, a 15-year company veteran who most recently ran the day-to-day operations of Amazon's Prime membership program, <a href="https://www.businessinsider.com/amazon-cem-sibay-now-leading-covid-19-test-lab-2020-7">became vice president of "Project Ultraviolet," the internal codename for the initiative.</a> Sibay has an impressive track record of success — but no background in healthcare. <a href="https://www.businessinsider.com/amazon-delays-prime-day-again-to-october-2020-7">Amazon's October surprise</a>: Amazon's famous home-made shopping holiday, which has been inconveniently delayed by the pandemic, may finally have a launch date. According to emails viewed by Eugene, <a href="https://www.businessinsider.com/amazon-delays-prime-day-again-to-october-2020-7">Amazon is now planning to hold Prime Day in October.</a> It's an interesting time for a sales jamboree, and not just because of the uncertainty around whether COVID-19 will have subsided by October. A lot of US consumers' attention will be focused on the presidential election taking place on November 3. And the urge to impulse shop may be tempered by the proximity to Black Friday and the winter holiday shopping season. <h2>Tesla vs. Toyota: Who's got the better merch?</h2>Last week, <a href="https://www.businessinsider.com/tesla-is-not-more-valuable-than-toyota-analysis-2020-7">electric car maker Tesla's market share surged past Toyota's,</a> creating the strange phenomenon in which a small company that produced fewer than 300,000 cars last year was valued above a global juggernaut that produced nearly 11 million vehicles in 2019. I'll let the financial analysts argue about which company has better long-term prospects in the car business. But since Tesla also made waves last week with the introduction of <a href="https://www.businessinsider.com/elon-musk-sells-red-satin-tesla-short-shorts-2020-7">red satin "short shorts" that immediately sold out,</a> I wondered how these two companies stacked up in another important business: merchandise. Tesla CEO Elon Musk has a knack for releasing viral merchandise, <a href="https://www.businessinsider.com/elon-musks-boring-company-selling-500-flamethrowers-tesla-musk-2018-1?r=UK">including the famous flamethrowers</a> that Musk's Boring Company debuted in 2018. But success in the merch game is not just about the occasional sensation. It's about keeping fans satisfied in the long run, going the distance. Let's start with jackets: <div type="image" title="Jackets" height="1074" width="1936" msid="76859079" hostid="261"></div> The Tesla Men's Corp jacket ($120) has a nice fit whereas Toyota's Men's Club Jacket ($74) stands out for its '80s retro appeal. With its more affordable price and less corporate style, Toyota takes the lead here. Next up, "lifestyle" gear: <div type="image" title="Tesla bottle" height="918" width="1864" msid="76859081" hostid="261"></div> I've never been a fan of cast iron pans, so Toyota's $50 camping set, which apparently includes a burlap sack, is at a natural disadvantage to Tesla's sleek $30 stainless steel (and BPA-free) water bottle. Hats, the tie breaker: <div type="image" title="Tesla hat" height="1058" width="2036" msid="76859086" hostid="261"></div> I'll confess, this one was a bit of shocker. Tesla's selection of hats was much more limited than I expected, and many, including the $25 T Logo hat, looked like they belonged on the dome of an obnoxious person in a golf cart. Toyota, by contrast, fielded a broad selection of hats to suit different tastes and styles, including the pictured Casual Camo Cap ($18.25). Verdict: Toyota may have <a href="https://markets.businessinsider.com/news/stocks/tesla-stock-surpass-toyota-most-valuable-automaker-world-market-cap-2020-7-1029359765">been lapped by Tesla in the market cap race</a>, but in the contest of caps — and other merch — Toyota is still the leader. <h2><a href="https://www.businessinsider.com/postmates-considered-ipo-spac-before-uber-deal-2020-7">Sound bite of the week:</a></h2>"There's room for three players. It's a big enough market for three players to be profitable and do very well." <a href="https://www.businessinsider.com/amazing-life-of-uber-new-ceo-dara-khosrowshahi-2017-8">Uber CEO Dara Khosrowshahi</a> discussing the company's <a href="https://www.businessinsider.com/postmates-considered-ipo-spac-before-uber-deal-2020-7">$2.65 billion acquisition of restaurant delivery service Postmates</a> on Monday. The latest consolidation in a cut-throat market leaves three players: <keyword id="1042120" type="PERSON" weightage="60" keywordseo="Uber">Uber</keyword>, DoorDash and Grubhub/Just Eat Takeaway. <a href="https://www.businessinsider.com/postmates-considered-ipo-spac-before-uber-deal-2020-7"> <div type="image" title="FILE - In this Sept. 25, 2019, file photo Dara Khosrowshahi, CEO of Uber, speaks at the Bloomberg Global Business Forum in New York. Khosrowshahi called the murder of Washington Post columnist Jamal Khashoggi a mistake in an interview on Axios on HBO. Khosrowshahi later said he regretted his comments. (AP Photo/Mark Lennihan, File)" height="2556" width="3834" msid="76859094" hostid="261"></div></a> Special event for BI subscribers: Sign up now for "lessons in pitching investors" on July 14 at 1:30pm ET, a live digital event with Domm Holland, CEO of one-click checkout startup Fast. BI payments reporter Shannen Balogh will speak with Holland, <a href="https://www.businessinsider.com/fast-pitch-deck-series-a-stripe-raise-20-million-2020-5">whose startup recently raised $20 million</a>, as well as Index Ventures general partner Jann Hammer about how how to build a pitch deck and what it takes to win over investors. <a href="https://us02web.zoom.us/webinar/register/WN_XThO-NQ6ReeHKVtKJrP3ig">Click here to register.</a> <h2>Recommended Readings:</h2><a href="https://www.businessinsider.com/top-cloud-infrastructure-startups-venture-capitalists-2020-7">VCs says that these 24 companies are the top cloud infrastructure startups in a market dominated by Amazon, Microsoft, and Google</a> <a href="https://www.businessinsider.com/why-google-vision-for-wearables-is-finally-coming-together-2020-7">Google is closer than ever to having all the pieces for a wearables comeback, from a Pixel Watch to Glass 2.0. Here's how it could play out.</a> <a href="https://www.businessinsider.com/pitchbook-survey-venture-capital-value-profitability-over-founder-pedigree-2020-6">VCs no longer value a founding team's background as much as profitability, and that could be yet another blow to waning founder-friendly terms in Silicon Valley</a> <a href="https://www.businessinsider.com/amazon-noncompete-agreements-brian-hall-lawsuit-2020-6">Amazon's lawsuit against a former exec is shining a spotlight on its use of noncompete agreements — a practice that critics say is unfair and will scare away talent</a> <a href="https://www.businessinsider.com/analysts-upped-expectations-5g-device-sales-despite-coronavirus-2020-7">People will buy nearly 200 million 5G devices this year, analysts expect — a 23% increase from November predictions, despite the coronavirus crisis</a> <h2>Not necessarily in tech:</h2><a href="https://www.businessinsider.com/search-jeffrey-epsteins-little-black-book-for-the-first-time-2020-7">There are 1,510 people in Jeffrey Epstein's little black book. Now you can search them all for the first time.</a> Thanks for reading, and remember, if you like this newsletter, <a href="http://newsletter.businessinsider.com/join/4np/trending">tell your friends and colleagues they can sign up here to receive it</a>. — Alexei

Jeff Bezos' October surprise (no, he's not running for president)

<ul class="summary-list"><li>Global <keyword id="6354298" type="DEFINITION" weightage="60" keywordseo="Stocks">stocks</keyword> rose on Wednesday, lifted mostly by upbeat corporate <keyword id="6357061" type="SPONSORED" weightage="60" keywordseo="earnings">earnings</keyword>.</li><li><keyword id="1334" type="COUNTRY" weightage="60" keywordseo="China">China</keyword> toned down its criticism of online gaming, easing fears that the industry is next in line for the ongoing tech crackdown.</li><li>"The incident is a reminder of the risks associated with unpredictable regulation in China," a UBS economist said.</li></ul>European and Asian stocks edged higher on Wednesday, but US futures remained steady as investors weighed up strong earnings from bank and energy corporates.Chinese state media softened its tone on online gaming a day after a state-run outlet <a href="https://markets.businessinsider.com/news/stocks/tencent-stock-price-chinese-media-slams-online-gaming-addictive-regulation-2021-8">slammed the industry</a>, calling it "spiritual opium" and "electronic drugs."This has eased fears that the online entertainment sector will be next in line in the ongoing Chinese regulatory crackdown, but investors are still cautious of an overall <a href="https://markets.businessinsider.com/news/stocks/chinese-stocks-10-biggest-decline-beijing-regulatory-scrutiny-corporate-crackdown-2021-7">tightening of scrutiny of the tech economy</a>. Futures on the <a href="https://markets.businessinsider.com/index/dow_jones">Dow Jones</a>, <a href="https://markets.businessinsider.com/index/s&amp;p_500_500">S&amp;P 500</a>, <a href="https://markets.businessinsider.com/index/nasdaq_100">Nasdaq</a> were about flat, signalling a steady open later in the day.A string of robust second-quarter US corporate earnings is seen as offsetting worries about the spread of the Delta coronavirus variant, which could impact economic growth if restrictions on activity are needed. <a href="https://markets.businessinsider.com/stocks/tm-stock" target="_blank" rel="noopener noreferrer">Toyota</a>, <a href="https://markets.businessinsider.com/stocks/sony-stock" target="_blank" rel="noopener noreferrer">Sony</a>, <a href="https://markets.businessinsider.com/stocks/cvs-stock" target="_blank" rel="noopener noreferrer">CVS Health</a>, <a href="https://markets.businessinsider.com/stocks/gm-stock" target="_blank" rel="noopener noreferrer">General Motors</a>, and <a href="https://markets.businessinsider.com/stocks/uber-stock" target="_blank" rel="noopener noreferrer">Uber</a> are due to report today.Europe's <a href="https://markets.businessinsider.com/index/stoxx_europe_600">Stoxx 600</a> banks index gained 0.9%, driven by upbeat earnings from <a href="https://markets.businessinsider.com/stocks/scglf-stock">Societe Generale</a> and <a href="https://markets.businessinsider.com/stocks/bank_of_ireland_the_governor_and_company_of_the_bank_of_ireland_un-stock">Bank of Ireland</a>. In the US on Tuesday, banks were also among the strongest-performing stocks, with only energy and biotech shares faring better, Deutsche Bank strategists said.UK-based oil giant <a href="https://markets.businessinsider.com/stocks/bp-stock">BP</a> <a href="https://www.cnbc.com/2021/08/03/bp-earnings-q2-2021.html">beat second-quarter earnings</a> estimates on Tuesday, and matched competitors by announcing an increase in dividends and share buybacks.<a href="https://markets.businessinsider.com/index/ftse_100">London's FTSE 100</a> rose 0.3%, <a href="https://markets.businessinsider.com/index/euro_stoxx_50">Euro Stoxx 50</a> moved 0.5% higher, and <a href="https://markets.businessinsider.com/index/dax">Frankfurt's DAX</a> added 0.5%.The monthly ADP payrolls data, which will reflect the health of the US private-sector labor market, is due later Wednesday. But it may not capture the explosion of business creation in the past 12 months, according to Paul Donovan, chief economist at UBS Global Wealth Management."The TikTok merch sellers and Amazon Marketplace retailers are employed, but not in a way the numbers register," Donovan said.In Asia, the <a href="https://markets.businessinsider.com/index/shanghai_composite">Shanghai Composite</a> and Hong Kong's <a href="https://markets.businessinsider.com/index/hang_seng">Hang Seng</a> rose 0.8%, while Tokyo's <a href="https://markets.businessinsider.com/index/nikkei_225">Nikkei</a> fell 0.2%. Investors in the region continued to monitor Chinese media comments on gaming.<a href="https://markets.businessinsider.com/stocks/tcehy-stock">Tencent's</a> shares reversed losses by rising as much as 4.9%, after the Chinese government's official newspaper, the People's Daily, published a <a href="https://www.bloomberg.com/news/articles/2021-08-04/chinese-state-media-soften-tone-as-criticism-of-gaming-continues">editorial piece</a> touching upon the effects of online gaming. Its comments were less harsh than those in China's Economic Information Daily, which called for more bold measures."However, the incident is a reminder of the risks associated with unpredictable regulation in China," UBS's Donovan said.Read More: <a href="https://www.businessinsider.com/reddit-square-tesla-gamestop-amd-corsair-meme-stocks-to-buy-2021-8" target="_blank" rel="noopener noreferrer">Top 12 meme stocks this week on Reddit: AMD and Tesla steal the show after blowout earnings reports while Square shakes up the fintech space with a bold acquisition</a>

Global stocks edge higher as investors eye strong bank and energy earnings, but China's tech clampdown caps gains

<div class="KonaFilter image-container display-table"><div><div class="image on-image"><img src="https://static-ssl.businessinsider.com/image/5b75dc7b8ea82ff3248b45de-1629/rts1k50n.jpg" border="0" alt="Mark Cuban" data-mce-source="Brendan McDermid/Reuters" data-mce-caption="Mark Cuban." />Brendan McDermid/ReutersMark Cuban.</div></div></div><ul><li>Billionaire businessman Mark Cuban offered up some advice for embattled <a href="https://www.businessinsider.com/category/tesla" target="_blank" rel="noopener">Tesla</a> CEO <a href="https://www.businessinsider.com/category/elon-musk" target="_blank" rel="noopener">Elon Musk.</a></li><li>Cuban told Business Insider that Musk should view Tesla short-sellers as "his friends."</li><li>"It creates demand for his stock and that's always a good thing," Cuban said.</li></ul><hr /> Billionaire businessman Mark Cuban reacted to the series of controversies Tesla CEO Elon Musk finds himself in the midst of while also offering up a bit of advice for the fellow billionaire in an email exchange with Business Insider on Thursday.Cuban, the owner of the NBA's Dallas Mavericks and star of ABC's "Shark Tank," called Musk "a unique entrepreneur.""When you invest in one of his companies you are investing in him," Cuban said. "He isn't going to be traditional and it's worked for him so far."As for what advice he would offer, Cuban said he would tell Musk the short-sellers "are his friends.""It creates demand for his stock and that's always a good thing," Cuban added.The practice of short-selling involves borrowing shares and selling them with the hope that they could later be bought back at a lower price, allowing the seller to profit off of the difference. Short-sellers find themselves on the short-end of the stick if the share price increases, however.Musk has openly taunted Tesla short-sellers in recent months, <a href="https://twitter.com/elonmusk/status/1028121465785405441?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1028121465785405441&amp;ref_url=https%3A%2F%2Fwww.thestreet.com%2Ftechnology%2Ftesla-short-sellers-dig-in-their-heels-14684586" target="_blank" rel="noopener">even tweeting</a> that "Short shorts coming soon to Tesla merch." <a href="https://www.businessinsider.com/azealia-banks-claims-to-be-at-elon-musks-house-as-he-sought-investors-2018-8" target="_blank" rel="noopener">In his much-maligned</a> "Funding secured" tweet last week, Musk wrote he is "considering taking Tesla private at $420."<a href="https://twitter.com/elonmusk/status/1026872652290379776" target="_blank" rel="noopener">Musk also said via Twitter</a> that shareholders could either "sell at 420 or hold shares &amp; go private."Tesla, one of the most shorted stocks on the S&amp;P 500, jumped in the aftermath of Musk's tweet, even as the company has continued to lose money.The company is under scrutiny from the Securities and Exchange Commission, <a href="https://www.nytimes.com/2018/08/15/business/tesla-musk-sec-subpoena-goldman.html" target="_blank" rel="noopener">which is reportedly investigating Musk's tweet about taking the company private</a>. Separately, two former Tesla employees have filed whistleblower complaints with the agency. <a href="https://jalopnik.com/several-tesla-gigafactory-workers-allegedly-trafficking-1828393920?utm_medium=sharefromsite&amp;utm_source=Jalopnik_twitter" target="_blank" rel="noopener">The second former employee</a>, Karl Hansen, <a href="https://www.businessinsider.com/ex-tesla-employee-claims-theft-drugs-and-surveillance-at-gigafactory-2018-8" target="_blank" rel="noopener">alleged Musk authorized spying</a> on his employees and that the company did not tell federal authorities about information Hansen provided regarding alleged drug trafficking at Tesla's Gigafactory in Nevada. Tesla did not respond to multiple requests for comments about these claims. Musk's tweet about taking Tesla private wasn't the only controversy he stirred on Twitter. The billionaire also found himself in hot water after claiming that one of the Thai cave rescuers was a pedophile, and Musk became the subject of intense criticism for his proposal to start a website for the public to rate the trustworthiness of individual journalists.Cuban told Business Insider he does not own any Tesla shares and never has. <a href="https://www.cnbc.com/2018/08/13/mark-cuban-defends-elon-musk-comparing-him-to-steve-jobs-and-jeff-bez.html" target="_blank" rel="noopener">In an interview with CNBC earlier this week</a>, Cuban said he owns two Tesla vehicles.In that CNBC interview, Cuban likened Musk to the late Apple CEO Steve Jobs and Amazon CEO Jeff Bezos."Everyone complained at one point or another about Steve. He got fired," Cuban said. "You look at Amazon. Everybody complained about Jeff [Bezos]. 'He's not trying to make any money. He's not giving guidance. He's not doing this, he's not doing that.'"Get the latest Tesla stock price<a href="http://markets.businessinsider.com/stock/TSLA-Quote"> here.</a> <div class="margin-top"> <h3>NOW WATCH: <a href="https://www.businessinsider.com/make-america-great-again-hat-christl-mahfouz-ace-specialties-trump-campaign-merchandise-2018-7">Meet the woman behind Trump's $20 million merch empire</a></h3> <div> <iframe class="bijwplayerclass" data-player="jwplayer" src="https://content.jwplatform.com/players/Up7D9bzl-CEZHWCBG.html" width="100%" height="100%" frameborder="0" scrolling="auto" style="margin:0px;" allowfullscreen=""></iframe><script>function receiveMessage(event){ console.log(event.data.fullscreen); Android.fullscreen(event.data.fullscreen); }window.addEventListener("message", receiveMessage, false);</script> </div> </div>

Mark Cuban: Elon Musk needs to know the short-sellers 'are his friends'

<ul class="summary-list"><li>Financial <keyword id="6762469" type="UNKNOWN" weightage="60" keywordseo="TikTok">TikTok</keyword> star Kayla Kilbride bought tickets to see <keyword id="219358" type="PERSON" weightage="60" keywordseo="Mark-Cuban">Mark Cuban</keyword>'s <keyword id="218068" type="ORGANIZATION" weightage="60" keywordseo="Dallas-Mavericks">Dallas Mavericks</keyword> using <keyword id="1985091" type="PERSON" weightage="60" keywordseo="dogecoin">Dogecoin</keyword>.</li><li><keyword id="218065" type="ORGANIZATION" weightage="60" keywordseo="Mavericks">Mavericks</keyword> owner and cryptocurrency fan Cuban helped her make the purchase. </li><li>Dogecoin, often referred to as a meme coin, rose by as much as 600% this month to record highs.</li></ul>TikTok star Kayla Kilbride, known online as 'Robinhoodkid', isn't just a Dallas Mavericks fan with a fascination for financial <keyword id="31671" type="CITY" weightage="100" keywordseo="markets">markets</keyword>.Mavericks owner and cryptocurrency advocate Mark Cuban has long cheered the fortunes of meme coin Dogecoin, to the point where last month he said fans could buy anything from basketball games, to merchandise, using it. So 24-year old Kilbride decided to put Cuban's offer to the test. She already owned the Dogecoin. It was just a matter of buying her tickets to the game and booking her return flight to Dallas from Los Angeles. "The Mavs have been very forward. Specifically, Mark Cuban has been very forward of like, almost the ease of using Dogecoin to buy Mavs merch and tickets," Kilbride told Insider. "That is where it came from. If people are saying that I can use it, I want to try it." "I'm not just doing it for the sake of hype", she said. Despite saying just this week he couldn't make sense of the huge jump in the value of Dogecoin, "Shark Tank" star Cuban has been a cheerleader for the cryptocurrency. The Mavericks, which he owns, started <a href="https://markets.businessinsider.com/currencies/news/mark-cubans-dallas-mavericks-will-accept-dogecoin-for-tickets-2021-3-1030151539">accepting the coin as a payment method</a> in early March and have <a href="https://markets.businessinsider.com/currencies/news/mark-cuban-dogecoin-dallas-mavericks-largest-merchant-price-prediction-2021-3-1030158472?utm_source=markets&amp;utm_medium=ingestgest">made 122,000 Dogecoins with merchandise</a> sales, he tweeted earlier this month. Putting her dogecoin earnings of the week towards a Mavericks game just seemed like the right thing to do, Kilbride <a href="https://twitter.com/robinhoodkid/status/1384126603853139968?s=20">tweeted</a> earlier this week. Once she had decided to try out the process, Kayla booked a flight to Texas for the game - despite not yet having purchased the tickets for it. After spending hours unsuccessfully trying to purchase tickets herself, only to find there were none available, she directly tweeted Cuban, who responded almost immediately and connected her to the Mavericks ticketing sales team, enabling her to make the purchase - an amazing experience for her as a creator, she said."I'm just trying to convey the story that they're telling as well and confirm their stories, so I'm incredibly grateful and I grew up watching Shark Tank, so that's obviously a really big deal for me," she said. "I'm just trying not to 'fangirl'." Read more: <a href="https://www.businessinsider.com/kraken-ceo-says-bitcoin-could-reach-250k-shares-two-trends-2021-4" target="_blank" rel="noopener">The CEO of crypto exchange Kraken breaks down why he could 'easily' see Bitcoin reach $250,000 next year - and shares 2 emerging trends he's excited about</a><div type="image" title="Kayla Kilbride at the Mavericks game" height="2268" width="3023" msid="82242710" hostid="261"></div>Dogecoin has gained almost 350% so far in April, <a href="https://markets.businessinsider.com/currencies/news/dogecoin-price-record-high-doge-day-cryptocurrencies-bitcoin-ether-2021-4-1030321679?utm_source=markets&amp;utm_medium=ingestgest">rallying to record highs</a>, as celebrities from Cuban himself, to Tesla boss Elon Musk have tweeted about it.To Kilbride, who has almost 100,000 followers on her financial TikTok account - a decent following for a niche area beyond the classic lip-syncing and dance routines that tend to feature on the video-sharing app - Dogecoin is more than the joke that led to its creation in 2013."Yes, it is a meme coin, it's a joke, it started as a joke, but it has been modified in order to provide some sort of, I would almost argue, educational value to the coin itself. Not just to <keyword id="2721952" type="PERSON" weightage="60" keywordseo="crypto">crypto</keyword>, but also to the currencies, the fiat currencies that we use as well," she said. She invested in it months ago and was in the process of switching to a Dogecoin Core wallet when it exploded in price and so had to buy back in at a higher rate. Read more: <a href="https://www.businessinsider.com/crypto-investing-arca-cio-shares-10-tokens-special-situations-strategy-2021-4" target="_blank" rel="noopener">The investing chief of crypto asset manager Arca shares the 3 themes and 10 tokens he's betting on - and explains how to execute his special-situations investing strategy in digital assets</a>This is not the first time Cuban has taken notice of the likes of Kilbride and her peers on TikTok. "For those of you who would like to learn more about Dogecoin, we strongly encourage you to talk to your teenagers who are on TikTok and ask them about it. They will be able to explain it all to you," Cuban said when he announced the Mavericks would accept payment in Dogecoin.Kilbride said she is keen to talk to Cuban himself about Dogecoin more and tried to use social media to get an interview with him at the game on Friday, when the Mavericks beat the Los Angeles Lakers 115 to 110. "He literally talks about how TikTokers are the ones educating the young and the old, because the young are then educating their parents on how to use Dogecoin and I'm like 'If you're willing to respond to a TikToker, I'll show you how it's done'," Kilbride said.(This article has been updated to reflect that Kayla attended the Mavericks vs Los Angeles Lakers game, not the Mavericks vs Detroit Pistons game.)

A 'FinTok' star decided to buy tickets to see Dallas Mavericks with Dogecoin and Mark Cuban stepped in to help - here's what she told us about the experience

<ul class="summary-list"><li>Kim Kardashian shared on Tuesday that she voted, before asking fans: "Did u???" The question prompted many fans to reply, but not to the question at hand.</li><li>Now fans are wondering who Kardashian voted for with many questioning if she voted for her husband, <keyword id="39150" type="PERSON" weightage="60" keywordseo="Kanye-West">Kanye West</keyword>, who is famously running for president.</li><li>West also took to social media Tuesday, posting a series of tweets that showed him voting for himself in Wyoming. </li><li>The 43-year-old rapper wrote in his name alongside his running mate, Michelle Tidball, a 57-year-old spiritual coach, on a Wyoming state ballot and posted evidence to his Twitter account. </li></ul>Kim Kardashian showed off her "I voted" sticker on social media Tuesday after casting her vote in the US presidential election. Joining a host of other celebrities who have also shared images of their poll day visits, the "Keeping Up With The Kardashians" star captioned the picture on Twitter: "I VOTED!!!! Did u???"But fans quickly descended on her comments to ask who exactly she voted for after her husband, Kanye West, in a series of Tweets, shared footage of his first time voting — and, of course, he voted for himself. <blockquote class="twitter-tweet blockquote" data-lang="en" data-cards="" data-conversation="">—Kim Kardashian West (@KimKardashian) <a href="https://twitter.com/mims/statuses/1323779592625160193?ref_src=twsrc%5Etfw">November 4, 2020</a></blockquote>While one fan asked outright: "tell us who you voted for," another simply shared an old photo of West with Republican presidential nominee <keyword id="6354484" type="PERSON" weightage="60" keywordseo="Donald-Trump">Donald Trump</keyword>, who's running for reelection. And while some fans believed that Kardashian voted for her husband, others pointed to Kardashian apparently liking tweets about Democratic presidential nominee <keyword id="99719" type="PERSON" weightage="60" keywordseo="Joe-Biden">Joe Biden</keyword> and his running mate, Kamala Harris, as a clue to who she voted for in the ballot box.<blockquote class="twitter-tweet blockquote" data-lang="en" data-cards="" data-conversation="">—tyler oakley (@tyleroakley) <a href="https://twitter.com/mims/statuses/1323726626627194880?ref_src=twsrc%5Etfw">November 3, 2020</a></blockquote>But after fans pointed out that Kardashian was wearing a red dress in her initial photograph, which could be a sign that she voted for Trump, she deleted the picture and reuploaded a black-and-white selfie.She then added to her caption: "If you are in line when the hours of operation close at the polls, they are required to stay open and allow you to vote, so do not get out of line."Still, fans won't be confused as to who West voted for in the US presidential election.The 43-year-old rapper wrote in his name alongside his running mate, Michelle Tidball, a 57-year-old spiritual coach, on a Wyoming state ballot and posted evidence to his Twitter account. "KEEP BELIEVING KANYE 2020," he wrote while sharing images of his official ballot. "Thank you Jesus Christ." <blockquote class="twitter-tweet blockquote" data-lang="en" data-cards="" data-conversation="">—ye (@kanyewest) <a href="https://twitter.com/mims/statuses/1323726544997474304?ref_src=twsrc%5Etfw">November 3, 2020</a></blockquote>West continued by writing, "The first vote of my life. We are here to serve. We pray for every servant leader in the world." <blockquote class="twitter-tweet blockquote" data-lang="en" data-cards="" data-conversation="">—ye (@kanyewest) <a href="https://twitter.com/mims/statuses/1323727338387902465?ref_src=twsrc%5Etfw">November 3, 2020</a></blockquote>The "Last Registration" rapper first announced his presidential bid in July and had initially received support from his wife, Kim Kardashian, as well as from Tesla CEO Elon Musk.However, he has faced an up-hill battle ever since after failing to get onto the ballots in several states since he announced so late, and has <a href="https://www.insider.com/jennifer-aniston-voting-instagram-kanye-west-2020-10">struggled to gain any other celebrity endorsements</a>. Despite his many setbacks, West has continued to campaign, posting various videos and messages to social media outlining his vision for America's future.Last week in a final push to attract voters, the rapper took out a <a href="https://www.nytimes.com/2020/11/03/us/politics/kanye-3rd-party.html">two-page advert in the New York Times</a> in which he set out his plans for America."Dear Future, I still believe in you," he wrote in the op-ed. "We still believe in you."In his imagined future, the rapper added, "we will H.E.A.L." and "hold everyone accountable to love."Read More: <a href="https://www.insider.com/jennifer-aniston-voting-instagram-kanye-west-2020-10">Jennifer Aniston urged her fans to vote but said it's 'not funny' to vote for Kanye West</a><a href="https://www.insider.com/kanye-west-issa-rae-snl-skit-2020-10">Kanye West responds after Issa Rae says 'F him!' during 'SNL' skit about presidential election</a><a href="https://www.insider.com/kourtney-kardashian-kanye-west-endorses-vote-hat-campaign-story-president-2020-10">Kourtney Kardashian appeared to endorse Kanye West's presidential run, advertising his campaign merch on her Instagram story</a>

People are asking Kim Kardashian who she voted for after Kanye West casts first-ever ballot for himself

<div class="KonaFilter image-container display-table"><div><div class="image on-image"><img src="https://static-ssl.businessinsider.com/image/5b7da4e004f1622a008b547b-2400/mohammed bin salman.jpg" border="0" alt="Mohammed bin Salman" data-mce-source="Nicolas Asfouri - Pool/Getty Images" data-mce-caption="Saudi Arabia Deputy Crown Prince Mohammed bin Salman attends the G20 opening ceremony at the Hangzhou International Expo Center on September 4, 2016 in Hangzhou, China." />Nicolas Asfouri - Pool/Getty ImagesSaudi Arabia Deputy Crown Prince Mohammed bin Salman attends the G20 opening ceremony at the Hangzhou International Expo Center on September 4, 2016 in Hangzhou, China.</div></div></div><ul><li>Saudi Arabia has reportedly called off plans to take state oil company Aramco public.</li><li>The initial public offering would have been the largest deal in history. </li><li>The decision was made "some time ago," one Saudi source told Reuters.</li></ul><hr />Saudi Arabia has reportedly called off plans to take its state-owned oil giant public in what would have been the largest initial public offering in history.<a href="https://www.reuters.com/article/us-saudi-aramco-ipo-exclusive/exclusive-aramco-listing-plan-halted-oil-giant-disbands-advisors-sources-idUSKCN1L71TZ">Reuters</a> reports Saudi Arabia decided it will not move forward with plans for a domestic or international Aramco stock listing, according to four senior <a href="https://www.reuters.com/article/us-saudi-aramco-ipo-exclusive/exclusive-aramco-listing-plan-halted-oil-giant-disbands-advisors-sources-idUSKCN1L71TZ">industry sources</a>, and that advisers who had been working on the deal have been disbanded."The decision to call off the IPO was taken some time ago, but no-one can disclose this, so statements are gradually going that way - first delay then calling off," a Saudi source familiar with the IPO plans told Reuters.Officials at Aramco, also known as the Saudi Arabian Oil Company, did not immediately respond to emails requesting comment. As part of broader government efforts to reduce state dependence on the oil industry and diversify the economy, Saudi Crown Price Mohammed bin Salman first announced plans to take Aramco public in 2016. While roughly 5% of the shares would be sold, the size of Aramco had it billed at one o the largest IPO's in history. Part of the funds Saudi Arabia would have earned were slated to go toward a $2 trillion sovereign wealth fund that could be invested abroad. Earlier this month, Tesla CEO Elon Musk indicated that sovereign wealth fund could potentially fund a go-private plan.Get the latest Oil WTI price<a href="http://markets.businessinsider.com/commodities/oil-price?type=WTI"> here.</a> <div class="margin-top"> <h3>NOW WATCH: <a href="https://www.businessinsider.com/make-america-great-again-hat-christl-mahfouz-ace-specialties-trump-campaign-merchandise-2018-7">Meet the woman behind Trump's $20 million merch empire</a></h3> <div> <iframe class="bijwplayerclass" data-player="jwplayer" src="https://content.jwplatform.com/players/Up7D9bzl-CEZHWCBG.html" width="100%" height="100%" frameborder="0" scrolling="auto" style="margin:0px;" allowfullscreen=""></iframe><script>function receiveMessage(event){ console.log(event.data.fullscreen); Android.fullscreen(event.data.fullscreen); }window.addEventListener("message", receiveMessage, false);</script> </div> </div>

Saudi Arabia is reportedly calling off what would have been the world's largest IPO

The Boring Company could be Elon Musk's most challenging futuristic venture of all

<div class="KonaFilter image-container display-table"><div><div class="image on-image"><img src="https://static-ssl.businessinsider.com/image/5aa1888974ac6ed84a8b45ed-2000/5674cc022340f8fb008b6e45.jpg" border="0" alt="elon musk" data-mce-source="Rashid Umar Abbasi / Reuters">Rashid Umar Abbasi / ReutersBoring Company founder Elon Musk.</img></div></div></div><ul><li>Elon Musk's Boring Company, a startup that wants to build an underground network of tunnels in Washington, DC and Los Angeles, plans to sell bricks made of its leftover rock.</li><li>Musk tweeted on Monday that the bricks could be used to construct houses and other buildings.</li><li>Other startups have developed similar low-cost construction methods.</li></ul><hr>In 2016, entrepreneur Elon Musk launched <a href="http://www.businessinsider.com/category/boring-company">the Boring Company</a> with the goal of one day constructing a&#xa0;large urban network of tunnels.The company is working on two projects in the Washington, DC region and Los Angeles. It first <a href="https://www.instagram.com/p/BazkWGvAsPJ/?utm_source=ig_embed">broke ground</a> on a <a href="http://www.businessinsider.com/elon-musk-los-angeles-tunnel-boring-company-2017-10">test site in LA in late 2017.</a>In order to bore tunnels, construction crews will need to excavate through rock and soil. On Monday, Musk <a href="https://twitter.com/elonmusk/status/978140940241059840">tweeted</a> that instead of disposing that leftover earth, he plans to recycle it into interlocking, Lego-style bricks that can be used to build houses and other structures.When asked how long the construction of a building&#xa0;using the bricks would take, Musk <a href="https://twitter.com/elonmusk/status/978147162319085569?ref_src=twsrc%5Etfw&amp;ref_url=https%3A%2F%2Fgizmodo.com%2Fajax%2Finset%2Fiframe%3Fid%3Dtwitter-978147162319085569%26autosize%3D1">replied</a> that "two people could build the outer walls of a small house in a day or so."&#xa0;It's unclear how much the bricks would cost. The first kit will be ancient Egypt-themed and will be available around May, according to Musk.The Boring Company's site had already <a href="https://www.boringcompany.com/faq/">hinted</a> at these plans before Musk's tweet, and acknowledges that using rock for bricks is not a new concept."Buildings have been constructed from Earth for thousands of years including, according to recent evidence, the Pyramids," the site reads on its FAQ page. "These bricks can potentially be used as a portion of the tunnel lining itself, which is typically built from concrete."A growing number of startups have developed similar systems. In 2016, French architecture firm&#xa0;<a href="http://www.multipod-studio.com/pop-up-house-concep/">Multipod Studio</a> unveiled <a href="http://www.businessinsider.com/lego-pop-up-house-construction-2016-1">its PopUp House</a>, a customizable home made from stackable blocks that can be built in about a month. Indian architect&#xa0;<a href="http://www.anupamakundoo.com/">Anupama Kundoo</a>&#xa0;has also developed <a href="http://www.businessinsider.com/anupama-kundoo-lego-style-low-cost-homes-can-withstand-earthquakes-2016-7">low-cost, plaster bricks</a> that can resist earthquakes.<div class="KonaFilter image-container display-table"><div><div class="image on-image"><img src="https://static-ssl.businessinsider.com/image/599c95f7aa67ce21008b4653-1429/screen%20shot%202017-08-22%20at%2043524%20pm.png" border="0" alt="Boring company Tunnel" data-mce-source="https://www.youtube.com/watch?v=u5V_VzRrSBI" data-mce-caption="The Boring Company/YouTube"><a href="https://www.youtube.com/watch?v=u5V_VzRrSBI">www.youtube.com</a>A rendering of the Boring Company's urban tunnel system.</img></div></div></div>The Boring Company's website claims that creating bricks would reduce both the tunneling costs and the environmental impact of its projects (since cement production accounts for over&#xa0;<a href="https://www.nrmca.org/sustainability/CONCRETE%20CO2%20FACT%20SHEET%20FEB%202012.pdf">4%</a> of global CO2 emissions).Musk, who also founded SpaceX and Tesla, says his underground tunnels would serve as <keyword id="34991" type="ORGANIZATION" weightage="60" keywordseo="transportation">transportation</keyword> corridors that alleviate traffic. The company is still <a href="https://jalopnik.com/elon-musk-drills-down-on-los-angeles-tunnel-plans-1791636104#_ga=2.193854253.1012080587.1522166939-223287367.1522166937">billions of dollars</a> and years away from building its first official tunnel, however. In LA, California's Environmental Quality Act regulates big construction projects, and Curbed <a href="https://la.curbed.com/2017/12/18/16748436/elon-musk-tunnels-los-angeles-criticism-explained">reports</a> that the review process alone could take at least three to four years.<a href="http://www.businessinsider.com/elon-musk-boring-company-faces-city-government-challenge-2018-1">Critics of the Boring Company's vision</a>, including a number of&#xa0;<a href="https://www.popsci.com/elon-musk-boring-company-traffic-trouble">transportation analysts</a>, argue that improving mass transit systems would be a more efficient (and likely less expensive) strategy toward decreasing traffic. Some transportation experts&#xa0;<a href="https://la.curbed.com/2017/12/18/16748436/elon-musk-tunnels-los-angeles-criticism-explained">say</a> that Boring's tunnels would create even more gridlock.On March 9, Musk <a href="http://www.businessinsider.com/elon-musks-boring-company-prioritizes-pedestrians-tesla-hyperloop-cyclists-2018-3">tweeted</a> that he is "adjusting the Boring Company plan: all tunnels &amp; Hyperloop will prioritize pedestrians &amp; cyclists over cars," adding that the systems "will still transport cars, but only after all personalized mass transit needs are met. It's a matter of courtesy &amp; fairness. If someone can't afford a car, they should go first."Boring's first tunnel system would have "thousands of small stations the size of a single parking space" that "blend seamlessly into the fabric of a city," Musk tweeted.&#xa0;This description sounds a lot like a subway, except with much smaller stations and futuristic vehicles that would shepherd passengers to their destinations.<div><blockquote class="twitter-tweet" lang="en">New Boring Company merch coming soon. Lifesize LEGO-like interlocking bricks made from tunneling rock that you can use to create sculptures &amp; buildings. Rated for California seismic loads, so super strong, but bored in the middle, like an aircraft wing spar, so not heavy.- Elon Musk (@elonmusk) <a href="https://twitter.com/mims/statuses/978140940241059840?ref_src=twsrc%5Etfw">March 26, 2018</a></blockquote><script async="" src="//platform.twitter.com/widgets.js" charset="utf-8"></script></div> <div class="margin-top"> <h3>NOW WATCH: <a href="http://www.businessinsider.com/donating-my-body-science-when-i-die-2018-3">Here's why I'm donating my body to science</a></h3> <div> <iframe class="bijwplayerclass" data-player="jwplayer" src="https://content.jwplatform.com/players/xXgrSgd1-CEZHWCBG.html" width="100%" height="100%" frameborder="0" scrolling="auto" style="margin:0px;" allowfullscreen=""></iframe><script>function receiveMessage(event){ console.log(event.data.fullscreen); Android.fullscreen(event.data.fullscreen); }window.addEventListener("message", receiveMessage, false);</script> </div> </div></hr>

You Searched For "tesla merch" and got 9 results

Crypto influencers peddle questionable advice and profit off their viewers no matter which way the market turns

Jordan Parker Erb

Jeff Bezos' October surprise (no, he's not running for president)

Alexei Oreskovic

Global stocks edge higher as investors eye strong bank and energy earnings, but China's tech clampdown caps gains

Shalini Nagarajan

Mark Cuban: Elon Musk needs to know the short-sellers 'are his friends'

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A 'FinTok' star decided to buy tickets to see Dallas Mavericks with Dogecoin and Mark Cuban stepped in to help - here's what she told us about the experience

Sophie Kiderlin

People are asking Kim Kardashian who she voted for after Kanye West casts first-ever ballot for himself

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Saudi Arabia is reportedly calling off what would have been the world's largest IPO

Gina Heeb

The Boring Company could be Elon Musk's most challenging futuristic venture of all

Matthew DeBord,Clancy Morgan

Elon Musk's Boring Company will sell Lego-like bricks that can be used to construct houses in just a few days

Leanna Garfield