News

Mystery of why Tesla is spending 20k on X

Published

2 years ago

August 23, 2023

ticker NEWS

Tesla has been actively creating and maintaining accounts on Elon Musk’s X, formerly known as Twitter, to the extent that the company is now estimated to be spending approximately $20,000 annually on the social media platform.

However, the purpose behind this expenditure remains unclear.

Publicly traded companies like Tesla are obligated to disclose any “related transaction” that might involve a conflict of interest between their executives or board members and other companies they have stakes in.

In the past, Tesla has disclosed its interactions with SpaceX, such as the shared use of Elon Musk’s private plane or SpaceX’s procurement of Tesla parts.

Now, Tesla finds itself in a position where it may need to disclose and potentially justify its increasing financial commitment to X (formerly Twitter), a platform owned by its CEO, Elon Musk.

X has been grappling with profitability challenges in the realm of advertising, prompting a shift toward subscription services. Twitter Blue, now rebranded as X Premium, offers a $8 per month subscription service, providing users with verification, a blue badge, and increased visibility.

In addition to X Premium, X is also promoting a subscription for businesses called “Verified Organizations,” offering similar features. However, this service comes at a significantly higher cost. X charges $1,000 per month for the primary account and an additional $50 per month for each “affiliated account.”

Tesla subscripition

Tesla has subscribed to this service, and it has been identified that there are 13 accounts affiliated with Tesla’s verified org account. This means that Tesla is spending $1,650 per month, or approximately $20,000 per year, to maintain its presence on X.

The situation raises eyebrows due to Tesla’s apparent creation of multiple new accounts, each incurring an extra $50 monthly fee, since Elon Musk assumed control of Twitter and introduced this subscription service. For instance, Tesla introduced a “Tesla North America” account last month, “Tesla Europe” in January, “Tesla AI” in May, “Tesla Megapack” in January, and “Tesla Optimus” also in January.

This approach is unique to X, as Tesla maintains only a single official account on other popular social media platforms like Instagram and YouTube.

For example, the “Tesla Optimus” account, created in January, has posted only a single tweet to date. Tesla has been paying $50 per month for this account, despite its minimal activity.

News

OpenAI prepares first consumer device amid revenue boom

OpenAI plans to launch a screenless smart speaker by late 2026, shifting focus to hardware amid significant revenue growth.

Published

1 hour ago

January 20, 2026

Harvey Vargas

OpenAI plans to launch a screenless smart speaker by late 2026, shifting focus to hardware amid significant revenue growth.

OpenAI is gearing up to launch its first-ever consumer hardware device in late 2026. The product is expected to be a screenless smart speaker, signalling the tech giant’s move beyond software and into the world of physical devices.

The device comes after OpenAI acquired a promising hardware startup to accelerate development.

The company is also pushing a strategy to strengthen domestic manufacturing, working closely with U.S. manufacturers to secure efficient production of essential components.

Despite the progress, technical hurdles remain, especially around the device’s listening capabilities, which could delay the rollout.

This development comes on the heels of OpenAI reporting an annualised revenue of over $20 billion in 2025, representing a staggering 233% increase from the previous year. The combination of massive revenue growth and expansion into hardware marks a new era for the AI pioneer.

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News

Putin invited to Trump’s Gaza Peace Board

Putin invited to U.S.-led ‘Board of Peace’ for Gaza amid ceasefire efforts and reconstruction debates.

Published

1 hour ago

January 20, 2026

Harvey Vargas

Putin invited to U.S.-led ‘Board of Peace’ for Gaza amid ceasefire efforts and reconstruction debates.

Russian President Vladimir Putin has reportedly received an invitation to join the U.S.-led ‘Board of Peace’ for Gaza, according to the Kremlin. The council, created by President Donald Trump, is designed to maintain a ceasefire between Israel and Hamas while overseeing the region’s reconstruction.

Kremlin spokesman Dmitry Peskov said Moscow will review the details of the invitation before responding. The board has already extended invitations to several world leaders, with some nations confirming their participation.

The proposal has sparked debate because the Trump administration reportedly requires participating nations to pay $1 billion to secure a permanent seat. Putin’s potential involvement also raises concerns, given his ongoing conflict with Ukraine.

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#GazaPeace #Putin #Trump #MiddleEast #InternationalRelations #WorldLeaders #Ceasefire #GlobalPolitics

News

Trump escalates Greenland standoff as Europe weighs retaliation

Denmark boosts Greenland troops as Trump pushes U.S. control, prompting European leaders to seek diplomatic solutions amidst rising tensions.

Published

1 hour ago

January 20, 2026

Harvey Vargas

Denmark boosts Greenland troops as Trump pushes U.S. control, prompting European leaders to seek diplomatic solutions amidst rising tensions.

Denmark has deployed additional troops to Greenland after President Donald Trump renewed his push for U.S. control of the island, linking the issue to what he claims cost him a Nobel Peace Prize.

The move has raised alarm across Europe, with leaders scrambling to prevent a fresh transatlantic crisis.

Trump has warned of tariffs against countries opposing American control of Greenland, calling the territory vital to U.S. security interests. Norway’s Prime Minister Jonas Gahr Støre has privately raised concerns with Trump, while EU officials assess potential coordinated countermeasures.

Despite the rhetoric, European leaders remain cautious. With U.S. influence deeply embedded in Europe’s defence and security framework, the bloc is keen to avoid further escalation as diplomatic negotiations continue behind the scenes.

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