Elon Musk Unveils X Payments Future, SHIB Burns Surge, and Tesla's Bitcoin Holdings

Elon Musk, Tesla's CEO, recently shared exciting details about the future X payments feature in an interview with Ben Shapiro. Describing it as encompassing "all things you would want to use online," Musk hinted at a launch later this year, fueling speculation about Dogecoin's potential integration. Musk has previously shown interest in Dogecoin, including it as a payment option for Tesla merchandise.

Meanwhile, the Shiba Inu (SHIB) community experienced a remarkable surge in token burning, reaching a staggering 4,240% over the past 24 hours. The SHIB development team, led by Shytoshi Kusama, initiated a "new burn era" and introduced the Shibarium mechanism for burning SHIB coins. This mechanism, detailed in The Shib Magazine, is crucial for the economic model of Shibarium, aiming to burn trillions of Shiba Inu tokens.

On another front, Tesla's Q4, 2023 financial report disclosed a revenue of $25.2 billion and an operating profit of $2.1 billion. Noteworthy is Tesla's consistent Bitcoin holdings, maintaining 9,720 BTC for six consecutive quarters. Despite Tesla's steadfast Bitcoin reserves, the company received mixed reviews on its Q4 performance, with a modest 1% year-over-year increase in automotive revenue and overall revenue and earnings per share falling slightly short of market expectations.