Elon Musk

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The platform would essentially compete with PayPal as well as Apple Shell out, which lets customers not only spend in stores, but also transfer cash involving them.

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Just a month earlier, Musk posted an infamous tweet declaring he was contemplating taking Tesla non-public and experienced secured the desired funding. Musk subsequently settled a Securities and Trade Fee (SEC) criticism alleging he knowingly misled traders Along with the tweet by spending a $20 million good combined with the identical penalty for Tesla and agreeing to let Tesla’s lawyers approve tweets with product corporate information right before putting up.

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