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DIFD AUTO enables buyers to purchase Tesla and imported cars using cryptocurrency
GlobeNewswire News Room· 2025-08-15 23:30
Group 1: Industry Trends - Tesla's partnership with Dogecoin signifies a shift in cryptocurrencies from speculative assets to lifestyle tools, indicating a broader acceptance in traditional industries [1][3] - The integration of Dogecoin into Tesla's payment system has prompted the automotive industry to reconsider the definition of currency, highlighting the potential for cross-industry integration and innovation [3][4] Group 2: DIFD AUTO Overview - DIFD AUTO, founded in 2019 and based in the UK, specializes in smart car sales and has developed a global export network across five continents [5] - The company offers a comprehensive service that includes international shipping, customs clearance, and multilingual customer support, catering to a high-end market with luxury brands like Porsche and Ferrari [5] - DIFD AUTO accepts various cryptocurrencies for vehicle purchases, promoting the idea that cryptocurrency can democratize car ownership [5] Group 3: Payment Process and Security - During auctions, all bids are listed in US dollars to mitigate concerns over cryptocurrency fluctuations, with an option for buyers to pay in cryptocurrency [4] - DIFD AUTO provides a secure title and payment escrow service, including a free cryptocurrency-to-USD exchange, to enhance transaction security [4] - Buyers are advised to convert their cryptocurrency into stablecoins like Tether (USDT) or USDC to avoid volatility when making high-value purchases [4]
Tesla denies report claiming board looked to replace Elon Musk
The Guardian· 2025-05-01 08:03
Core Viewpoint - Tesla has denied a report claiming that its board sought to replace Elon Musk as CEO amid declining car sales and backlash against his political activities [1][2][5]. Group 1: Board and Leadership - Robyn Denholm, Tesla's board chair, stated that the report about contacting recruitment firms for a CEO search is false and that the board is confident in Musk's leadership [1][2]. - The report suggested that some board members may have acted independently in seeking a successor, but it remains unclear if this was a collective board action [4]. Group 2: Financial Performance - Tesla reported a significant profit drop of 71% in Q1 2023, with profits falling to $409 million from $1.39 billion in the same period in 2022 [6]. - The company's stock has declined, losing about 25% of its market value this year [6]. Group 3: Political Context and Market Reaction - Musk's political activities, including his support for the far-right Alternative for Germany (AfD) party, have led to backlash and protests, impacting sales in key markets [5]. - Concerns have been raised regarding Musk's time management, as he oversees multiple companies, including SpaceX and X (formerly Twitter) [8].