Elon Musk

A collection of 57 posts

Elon Musk

Twitter employees are being offered equity grants by Elon Musk at a company valuation of $20 billion

Per WSJ Twitter employees are now being offered stock awards based on the company's valuation of $20 billion. This was less than half of Elon Musk's buying price, but despite that, the new CEO says he sees a path for the stock to 10x. Musk: “I

openai

OpenAI co-founder says they 'made a mistake' after Elon Musk criticized them for ChatGPT being 'woke'

Per Business Insider Elon Musk recently critcized OpenAO's ChatGPT, calling it too "woke." In an interview with The Information, OpenAI's cofounder said that they "made a mistake." OpenAI cofounder and president Greg Brockman replied to Musk's criticisms. Musk was actually

Elon Musk

Elon Musk looks to build a functional town for Tesla staff in Texas under 'Project Amazing'

Per Business Insider Elon Musk has been known to live in the offices of some of his companies, like Texas or, recently, Twitter. New development revealed that the CEO plans to build a whole town for his staff in Texas. The project will be called Project Amazing, first reported by

tesla

Elon Musk reinforces 2016 promises of the next Tesla car becoming almost completely autonomous

Per Electrek Elon Musk reinforces promises the Tesla CEO made in 2016, saying that the next car it will make will become almost completely autonomous. However, new details weren't revealed regarding the company's new vehicle. During Investor Day, which occurred just recently, Tesla revealed its plans

twitter

Twitter encrypted DMs along the pipeline of Elon Musk's aims this month

Per Tech Crunch Elon Musk has long discussed adding new features to Twitter, including a longer character count and another evident feature, the view count. Now, the CEO says that other features he aims to roll out this month include the ability to reply to individual DMs with reaction emojis

Elon Musk

Elon Musk needs to get lawyer approval before tweeting Tesla-related info, per SEC

Per Yahoo Finance Elon Musk still needs to get approval from his lawyers before he says anything related to Tesla on Twitter. According to the US Securities and Exchange Commission, this is because of an earlier settlement agreement between Musk and the agency. Per a recent letter, the SEC maintained

Elon Musk

Elon Musk plans to build 110 homes for Tesla employees, with hundreds to follow

Per Business Insider Elon Musk is planning to build 110 homes for Tesla employees initially, per a document, with hundreds more to follow. The houses are being built by a construction company in Austin, Texas, along with the help of The Boring Company. The Austin Business Journal first reported that

Elon Musk

Elon Musk said he plans to hire a new CEO by the end of 2023 as long as a condition is met

Per CNBC Elon Musk once held a poll asking his audience on Twitter whether he should step down as CEO, and once again, the billionaire has said that he plans to step down, but this time he said that he would before the year ends. However, the CEO gave a

white house

White House asks for Elon Musk's help for EV charging station expansion despite Biden previously not mentioning Tesla

Per Washington Post Elon Musk had a private meeting with senior White House officials regarding the expansion of EV charging stations. This meeting came after Musk said that Tesla was ignored and more attention was given to other "legacy auto makers." In a previous report by CNBC on

sec

SEC filing reveals that Elon donated almost $2 billion in Tesla shares to charity in 2022

Per Reuters An SEC filing revealed that Tesla, SpaceX, and Twitter CEO Elon Musk donated almost $2 billion in TSLA shares to charity in 2022. From August to December, the billionaire donated around 11.6 million shares. However, the filing did not reveal which specific organization or organizations were the

Elon Musk

Elon Musk teases 'Master Plan 3' on March 1, Tesla investor day, the path to Earth's fully sustainable energy future

Per Reuters Elon Musk says that he will be unveiling "Master Plan 3," which is expected to tackle achieving a fully sustainable energy future, on March 1. This would be when Musk's EV company Tesla will be launching the first-ever Investor Day. In a tweet,

Elon Musk

Elon Musk Announces Monetization on Twitter Beta Version Could Come as Early as Next Week

After Elon Musk acquired Twitter for $44 billion and gave previous comments about its struggle to raise profits, he has given many proposed features and ideas that could come to the platform. One of them would be allowing users to monetize their content on Twitter by paying them for posting.

morgan stanley

Morgan Stanley Says They are Comfortable with Their Position on Elon Musk's High-Profile Twitter Loan

In a recent interview, Morgan Stanley CEO James Gorman was asked about the multinational investment management and financial services company's position with Twitter. The company was one of the lenders in Elon Musk's multibillion-dollar acquisition of the social platform. The interview with Bloomberg TV opened

Elon Musk

Elon Musk Says: 'The Fed Could Crush the Value of the Entire Stock Market'

Per Business Insider Elon Musk has expressed his worries about how the Federal Reserve could potentially affect the entire stock market's value. He says that the Fed needs to tread carefully, especially when it comes to having a rate that would exceed 6%. During Tesla's Q4

tesla

Tesla Shareholder Tencent Says the EV Company will Continue to Perform Well Despite Elon Musk's Distractions

Per CNBC One major concern by Tesla investors when CEO Elon Musk decided to acquire Twitter for $44 billion was whether the CEO would be too distracted with his new venture to handle the EV company. Tencent, a company shareholder, shared their positive thoughts on Tesla, saying it would "

morgan stanley

Morgan Stanley Reports $356 Million Writedown, Which Includes Its $3.4 Billion Loan Lent to Twitter

Per Bloomberg Morgan Stanley has exposure to Twitter debt worth $3.4 billion as part of Elon Musk's acquisition deal. Including the debt by the social platform, the bank is reporting a "$356 million writedown on corporate loans on its balance sheet." When asked about Twitter,

twitter

Twitter Plans Further Layoffs | 50 People in the Production Division Could Lose Their Jobs

Per Reuters After Elon Musk's acquisition of Twitter which cost $44 billion to take the company private, the new CEO of the social platform has made headlines for his countless actions with the now-private company. One of his most notable actions was cutting Twitter's staff

spacex

Carnival Corporation and SpaceX Reach Agreement for Global Fleet to be Equipped with Starlink WiFi

Per Carnival Corporation Carnival Corporation has just announced that it reached a new agreement with SpaceX, bringing the latter's Starlink WiFi aboard a global fleet. Now, the world's largest cruise company will use SpaceX Starlink WiFi for its connection. As one of the companies of Elon

twitter

Elon Musk Says Twitter Will Add Bold, Underline, and Font Size Options

Per Elon Musk on Twitter Elon Musk has talked repeatedly about Twitter's word limit and is planning to increase it to 4,000 words. Aside from that, the CEO also announced other additions, like the ability to underline or tweet in bold while adjusting the font sizes. The

twitter

One of the Last Twitter Heads Not Appointed by Elon Musk Officially Resigns

Per Zoë Schiffer on Twitter One of the last heads of Twitter before Elon Musk's acquisition, often referred to as Twitter 1.0, has officially resigned. This leaves the social media platform with mostly heads that Musk has brought on himself. Behnam Rezaei took the initial position of

spacex

SpaceX is Trying to Raise $750 Million in Its First Funding Round of 2023

Per Reuters SpaceX is trying to raise $750 million by offering secondary shares, the first funding round of 2023. The space company's last funding round was in June 2022, when the company raised $1.68 billion. In its last June equity financing, SpaceX investors included Alphabet Inc, Google&

twitter

Twitter Sued Over $136,250 in Rent Due For San Francisco Office Space

Per NY Post Twitter has just received a lawsuit over failure to pay rent since Elon Musk's acquisition of the company. The lawsuit comes from the company's San Francisco HQ landlord, alleging that the company failed to pay $136,250 in rent. Columbia Property Trust filed

twitter

New Report Says Only 1.6% of People Saying They Will Leave Twitter Will Actually Leave

Elon Musk's $44 billion acquisition of Twitter was met with both praise and criticism, with some users threatening to leave the social platform and only a few actually leaving. A new report says that just 1.6% of people who say they'll leave will actually do

Cathie Woods

Cathie Wood Buys Additional Tesla Shares with Valuation Over $2 Million

As Tesla shares are down 69.53%, but this included a jump of 8.10% as of press time as ARK Investment's Cathie Wood buys up 17,960 shares. Woods has remained bullish on Elon Musk's EV company and now holds a sizeable amount of TSLA

prince alwaleed

Second Largest Twitter Investor, Prince Alwaleed, Rolled Over $1.89 Billion in Shares to Elon Musk

Per LiveMint After previously rejecting Elon Musk's offer to purchase Twitter at $54.20 a share, Saudi Prince Alwaleed bin Talal Al Saud is the second largest owner of the now private social platform. Per the Saudi Prince, Musk's initial offer to purchase Twitter wasn'