Tesla announces its Q3 balance sheet, 4,400 angry investors track down Do Kwon, and Shopify users can now access Tezos NFTs with a new partnership.
Tesla announces its Q3 balance sheet.
Electronic vehicle giant Tesla announced its financial results for the third quarter of 2022 on its website. The company did not sell its Bitcoins and did not make any new purchases. The fact that Elon Musk’s company sold fewer vehicles than expected caused the company’s shares to fall by 7%.
Tesla stated that the raw material cost inflation and increased inefficiency also affected the company’s profit margin. Elon Musk is expected to answer questions about whether the company will stick to its goal of increasing deliveries by 50% this year. Some analysts think that demand for the company’s products is declining.
Finally, Elon Musk continues to work to buy the social media platform Twitter. According to unnamed sources, Elon Musk plans to complete the purchase of Twitter within two weeks.
4,400 angry investors track down Do Kwon
On Discord, a group of 4,400 people called the “UST Compensation Group” (URG) is trying to find the whereabouts of Terra co-founder Do Kwon.
The group collects clues online and shares them with other members. They believe that law enforcement assumed inadequate measures against Do Kwon.
September 14, the Seoul Court issued an arrest warrant for Do Kwon. On September 26, Interpol issued a worldwide red notice for him. URG was originally established on May 16. The platform was created to assist Terra ecosystem investors and litigation in the interest of members. The reason is to recover funds lost in TerraClassicUSD (USTC), which lost its fixed value.
Do Kwon became an ostracized figure in the aftermath of the Terraform Labs collapse. However, he claims that he is not a fugitive and is in full cooperation with all government agencies.
Shopify users can now access Tezos NFTs with a new partnership
Tezos has partnered with the Web3 automation platform Taco& It will allow Shopify users to access Tezos’ NFTs through Taco’s NFT loyalty program. The e-commerce giant is increasingly becoming a sought-after option for brands interested in Web3 interactions.
The Taco app also allows brands to integrate Web3 solutions. For example, NFTs increase customer engagement while e-commerce platforms like Shopify use the app’s plugins. That is needed to deliver these services to their traders.
NFT loyalty programs help brands strengthen their bonds with consumers as well as increase customer engagement. Proof-of-Stake (PoS) blockchain Tezos has seen a significant increase in on-chain activity and smart contract transactions. That is happening thanks to the emerging NFT market.