Tag Archives: Musk

Yasin Ozturk/Anadolu Agency via Getty Images Musk said Tesla was losing billions of dollars at its new factories because of supply-chain snags. The CEO has complained about supply-chain shortages in the past. Musk is one of many auto executives who have said shortages may further hurt the industry. Elon Musk said during a recent interview that electric-car-battery shortages and supply-chain snags were costing Tesla billions of dollars. “Both Berlin and Austin factories are gigantic money furnaces… Source link

Elon Musk attends the 2022 Costume Institute Benefit celebrating In America: An Anthology of Fashion at Metropolitan Museum of Art on May 02, 2022 in New York City.Sean Zanni/Patrick McMullan via Getty Images Elon Musk has taken a strong stance on office work, requiring it from his Tesla employees. Musk might soon own Twitter and had a town hall with employees Thursday. Pushing back on the company’s current hybrid structure, he said people should be in the office. Elon Musk prefers employees in… Source link

Gone are the days when celebrities can jet-set without their locations being known — at least for billionaires like Tesla CEO Elon Musk and Meta CEO Mark Zuckerberg. Jack Sweeney, 19, became an overnight sensation after his Twitter account @ElonJet went viral. The account, which has over 470,000 followers, uses a bot to automatically track the location of Musk’s private jet. Some billionaires are easier to trace than others, Sweeney told Yahoo Finance Live (video above). “With Elon Musk,… Source link

(Bloomberg) — Twitter Inc. reiterated that it will hold Elon Musk accountable to the terms of his proposed $44 billion takeover offer after the billionaire again threatened to pull out of the deal over the issue of bots. Most Read from Bloomberg In a securities filing on Monday, Musk said he believes Twitter is breaching their agreement by not meeting his demands for more information about spam and fake accounts. Last month, Musk said he wouldn’t proceed with his offer unless the social… Source link

Tesla CEO Elon Musk is raising another obstacle in his $44 billion bid to buy Twitter (TWTR). In an SEC filing released Monday morning, Musk’s counsel said Twitter has not coughed up adequate data on the company’s users, committing a “clear material breach” of the company’s obligations as part of its merger agreement. “Based on Twitter’s behavior to date, and the company’s latest correspondence in particular, Mr. Musk believes the company is actively resisting and thwarting his information… Source link

Tesla CEO Elon Musk at the company’s Cyber Rodeo event in Austin, Texas.SUZANNE CORDEIRO / AFP Elon Musk tweeted that the “total headcount would increase” at Tesla and salaried staff would stay “fairly flat.” Musk’s comments came after the Tesla CEO sent an email to staff saying he would cut 10% of salaried jobs. Tesla employed nearly 100,000 staff at the end of 2021. After sending an email about job cuts for salaried staff, Tesla CEO Elon Musk seemed to retract his statements in a tweet reply… Source link

Elon Musk at the 2022 Met Gala.Andrew Kelly/Reuters Elon Musk said Covid-19 lockdowns “tricked people into thinking that you don’t actually need to work hard.” Working from home didn’t make workers less productive, three economists told Insider. The only constraint on productivity was when workers had children at home they needed to look after. Elon Musk is not a fan of remote work. In the early hours of Wednesday, Musk commented on a tweet which appeared to show an email from himself to Tesla… Source link

Elon Musk.HANNIBAL HANSCHKE /Getty Images Elon Musk polled his Twitter followers on whether they distrusted billionaires or politicians more. He then asked Rep. Alexandria Ocasio-Cortez to do the same, writing, “I dare you” to do so. Musk and Ocasio-Cortez have clashed on other topics such as unionization and free speech. On Thursday, Tesla CEO Elon Musk dared Rep. Alexandria Ocasio-Cortez to poll her Twitter followers on whether they distrusted billionaires or politicians more. “Who do you trust… Source link

Maja Hitij/Getty Images A Twitter investor is suing Elon Musk for market manipulation for his tweets about the buy being “on hold.” The complaint was filed in California on Wednesday. “Just because your name is Business Insider Trading doesn’t mean you should project that on others!” Musk told Insider in an email. A Twitter shareholder is suing Elon Musk and Twitter over Musk’s tweets following his agreement to buy the company last month. The proposed class-action suit, filed in a federal… Source link

Twitter cofounder Jack Dorsey stabbed his company’s board in the back by serving up the social media platform on a platter to Elon Musk, according to a former company veteran and ex-director. As the company prepares to host shareholders for a virtual annual general meeting from 1 p.m. ET on Wednesday, Jason Goldman found clear words for his former colleague during an interview with Bloomberg. The former vice president of Product and member of Twitter’s founding team referenced events that… Source link