Tag Archives: Musks

This is The Takeaway from today’s Morning Brief, which you can sign up to receive in your inbox every morning along with: The Elon Musk noise machine has been in hyperdrive lately. There’s the Delaware court ruling voiding his pay package as Tesla CEO. The report alleging that Tesla board members felt pressured to take illegal drugs to stay in Musk’s good graces. And the drumbeat of negative analyst chatter from the likes of Daiwa and Piper Sandler this week. Separating noise from… Source link

Tesla (TSLA) board members testified on Wednesday that Elon Musk’s 2018 Twitter posts about taking the electric-vehicle company private were consistent with what he related to the board about a potential take-private deal. Outside director James Murdoch, son of film and television titan Rupert Murdoch, took the stand among other former or current board members. The testimony is part of the class-action trial brought by company shareholders who contend they traded Tesla shares to their… Source link

Tesla (TSLA) board members testified on Wednesday that Elon Musk’s 2018 Twitter posts about taking the electric-vehicle company private were consistent with what he related to the board about a potential take-private deal. Outside director James Murdoch, son of film and television titan Rupert Murdoch, took the stand among other former or current board members. The testimony is part of the class-action trial brought by company shareholders who contend they traded Tesla shares to their… Source link

Goldman Sachs sees one heck of an electrified move in Tesla stock (TSLA) over the next twelve months. Analyst Mark Delaney, who maintained a Buy rating and $200 price target on the stock, reiterated his case in a note following Tesla’s earnings on Wednesday. The price target assumes about a 25% upside from the stock’s current levels. “Given the focus of investors on Tesla’s delivery volumes in particular (and the importance of volume for its vertically integrated model and the cost benefits… Source link

Elon Musk’s Twitter is facing a litany of challenges ranging from winning back advertisers who ditched the service to ensuring it can abide by a Federal Trade Commission (FTC) agreement to protect users’ privacy. And according to at least one expert, the negative attention is helping spur growth at competing platforms. “We see an unprecedented rise in competitors to Twitter,” MIT Sloan School of Management Professor Sinan Aral told Yahoo Finance Live. “We have seen an unprecedented… Source link

Tesla CEO Elon Musk has found a new way to jolt the electric carmaker’s bruised stock price: Tease that he’d step away from being Twitter’s CEO. “Should I step down as head of Twitter? I will abide by the results of this poll,” Musk tweeted to his 122.1 million followers on Sunday. As of early Monday, more than 57% of 16 million votes chose “Yes” and Tesla was up 4.5% in pre-market trading. The risk of operational miscues at Tesla has grown as Musk focuses on restructuring Twitter in highly… Source link

Tesla CEO Elon Musk has found a new way to jolt the electric carmaker’s bruised stock price: Tease that he’d step away from being Twitter’s CEO. “Should I step down as head of Twitter? I will abide by the results of this poll,” Musk tweeted to his 122.1 million followers on Sunday. The poll closed on Monday morning, with 57.5% of the 17.5 million votes choosing “Yes” and Tesla was up nearly 5% in pre-market trading. The risk of operational miscues at Tesla has grown as Musk focuses on… Source link

(Reuters) – The managing director of Elon Musk’s family office is seeking new equity investors for Twitter, news platform Semafor reported on Friday, citing two people familiar with the fundraising effort. Musk’s money manager, Jared Birchall, reached out to potential investors this week, offering shares of Twitter at the same price, $54.20, that Musk paid to take the company private in October, according to the report. Twitter and Musk did not immediately respond to Reuters requests for… Source link

By Sheila Dang, Paresh Dave and Hyunjoo Jin (Reuters) -Hundreds of Twitter employees are estimated to be leaving the beleaguered social media company following an ultimatum from new owner Elon Musk that staffers sign up for “long hours at high intensity,” or leave. In a poll on the workplace app Blind, which verifies employees through their work email addresses and allows them to share information anonymously, 42% of 180 people chose the answer for “Taking exit option, I’m free!” A quarter said… Source link

This article was first featured in Yahoo Finance Tech, a weekly newsletter highlighting our original content on the industry. Get it sent directly to your inbox every Wednesday by 4 p.m. ET. Subscribe Wednesday, Nov. 16, 2022 Musk’s Time at Twitter has been a mess, but he could still turn it around Elon Musk’s takeover of Twitter spurred chaos from the get-go. From bungled mass layoffs, to the launch of a verification system that Twitter halted days after its release, Musk’s first weeks… Source link