Elon Musk

Twitter's board is recommending that shareholders approve the proposed $44 billion sale of the company to billionaire and Tesla CEO Elon Musk.

Shares of Twitter Inc. were essentially flat just before the opening bell Tuesday and far short of the $54.20 per-share that Musk has offered to pay for each. If the deal were to close now, investors in the company would pocket a profit of $15.22 for each share they own. In a filing with the U.S. Securities and Exchange Commission detailing on Tuesday detailing a litter to investors, Twitter's board of directors said that it “unanimously recommends that you vote (for) the adoption of the merger agreement."

One of Elon Musk's children has petitioned a California court to recognize her new name and gender, saying she no longer wishes to be related to her famous ...

The petition was filed by Xavier Alexander Musk, who turned 18 earlier this year and made the filing with a county court in Los Angeles soon thereafter. He has been criticized for some of his statements on Twitter regarding gender identity issues. : "I absolutely support trans, but all these pronouns are an esthetic nightmare."

World's richest man says layoffs are underway at Tesla amid supply constraints and explains why he likes Dogecoin, in Bloomberg interview.

Musk's comments, echoing other CEOs, are accompanied by plan to lay off 10% of Tesla's salaried staff.

“Tesla is reducing its salaried workforce by roughly 10% over the next probably three months or so,” Musk said at the event hosted by Bloomberg. “We expect to grow our hourly workforce. And then will the shareholders vote in favour?” “A recession is inevitable at some point.

Twitter's board of directors urged shareholders to approve Elon Musk's $44 billion takeover. But Musk says "unresolved" issues remain.

In addition to the financial aspects of the Twitter deal, Musk fielded questions about what stance he would take on the nature of content that would be allowed on the platform. “There’s this big difference between freedom of speech and freedom of reach, in that one can in the United States go to the middle of Times Square and yell pretty much anything you want. “That is an appealing system to use.” Eventually, he said, the goal would be to get “80% of North America and half the world” onto Twitter, which would be a steep increase from the current level of 229 million daily active users. In an SEC filing this morning, Twitter warned shareholders that if the deal does not go through, “the price of our common stock may decline significantly.” The balance of the funding will come via a yet-to-be-finalized set of bank loans. “That’s probably not most users’ experience,” he said at the Qatar event, in which he took part virtually.

Tesla is moving ahead with plans to layoff about 10% of its salaried staff, CEO Elon Musk said Tuesday. But he also expects the company's overall workforce ...

on those comments, stating in tweets that "total headcount will increase, but salaried should be fairly flat." "A year from now I think our headcount will be higher in both salaried and obviously in hourly," he said. We grew very fast on the salaried side and we grew a little too fast in some areas, and so it requires a reduction in salaried work force."

As Twitter's board endorses his $44 billion bid, the billionaire Tesla chief says there are “a few unresolved matters” holding up the works.

Rounding out the three issues that “need to be resolved” before the Twitter buyout can be completed is the question of whether the debt financing for the deal will “come together,” Musk said at the forum. “I think I am undecided at this point on that election,” Musk said. Earlier this month, a Twitter spokesperson said that the company is cooperating with Musk’s data requests and plans to “close the transaction and enforce the merger agreement at the agreed price and terms.” Still, the company is currently trading at $38.63, a far cry from Musk’s $54.20-per-share offer price and a sign of continued market skepticism toward the deal’s viability. “As to whether there is a recession in the near term, I think that is more likely than not. During a remote Q&A at Bloomberg’s Qatar Economic Forum on Tuesday, Musk asserted that “there are still a few unresolved matters” in regard to the deal going through, including whether Twitter’s shareholders will approve it.

Shares of Twitter are trading well below the $54.20 per-share price that Musk has offered to pay.

Musk, who moved to Texas in 2020, has also expanded his other companies into the region in recent years. If the deal were to close now, investors in the company would pocket a profit of $15.22 for each share they own. Shares of Twitter on Tuesday closed at $38.66, well short of the $54.20 per share that Musk has offered to pay.

'I no longer live with or wish to be related to my biological father in any way, shape or form,' she said in a petition.

Please don’t out someone against their will – it’s not right.” Musk did not immediately respond to additional request for comment. “I think it is important to defend her right to privacy. Musk, the world’s richest man, is engaged in a high-profile, $44 bn bid to take over social media platform Twitter. On Tuesday, Twitter’s board unanimously recommended that shareholders approve the proposed sale, according to a regulatory filing.

Elon Musk says a recession is "inevitable." The Tesla CEO spoke at the Qatar Iconic Forum in Doha on Tuesday. Read more about Musk and the economy here.

"We just don't know if it's a minor one or Superstorm Sandy," he said at a financial conference. Some bankruptcies need to happen," he said somewhat optimistically. "Yes, but this is actually a good thing.

Musk continued. "In the case of Tesla, SpaceX, myself, we all did buy some Bitcoin, but it's a small percentage of our total cash assets," he said. This appears ...

Here's Musk plugging Dogecoin as the "people's cryptocurrency." Let's start with the time Elon Musk announced that his company, Tesla, would start accepting Bitcoin for vehicle purchases. Here's a compilation of just some of the things Musk has said regarding cryptocurrencies on Twitter: And some of it has been quite promotional, so much so that it would be easy to see how someone would think Musk was offering investment advice. This appears to be true, technically. After all, Musk is a big proponent of cryptocurrency, right?

Elon Musk called attention to the sticker shock American motorists currently face at the pump by sharing an old photo of a 7-Eleven sign displaying $7.11 ...

However, the sign is not a genuine portrayal of prices at the station. “And so when they were like, setting up, and they didn’t have the pumps active and the store was still being built out. Musk, the CEO of the electric car maker Tesla, tweeted the photo Tuesday without a caption or further commentary.

Tesla CEO Elon Musk said the company is moving ahead with plans to lay off about 10% of its salaried staff.

But he said a year from now he expects their headcount to be higher than it is now, for both salaried and hourly workers. But he also said he expects Tesla’s overall workforce to be larger in a year than it is now. (CNN) - Tesla CEO Elon Musk said the company is moving ahead with plans to lay off about 10% of its salaried staff.

Tesla founder Elon Musk has accumulated a devoted following on his march to becoming the richest man in the world. However, the cult of personality around ...

The latest firings, combined with Musk dubbing ESG a ‘scam’ in the past, casts doubt on whether the company’s governance will prove a sticking point for its aspirations SpaceX’s quest to Mars feels very distant, but neglecting ESG issues at home will undoubtedly bring SpaceX’s aspirations crashing down to Earth” Indeed, the SpaceX employees’ letter is only the latest in a growing parade of setbacks for the PayPal co-founder. Then, of course, there’s that time he used his online presence to suggest he’d take Tesla private at $420 – a reference to the weed-smoking culture. The Musk cult of personality took a thumping last week on the back of SpaceX firing five employees. If SpaceX continues to disregard the ‘social’ component of ESG, the negative publicity could permanently damage its brand.” Tesla founder Elon Musk has accumulated a devoted following on his march to becoming the richest man in the world.

Some of the CEO's biggest recent critics are his own employees.

As Musk becomes increasingly divisive on Twitter, a communications platform that he intends to own, how can his employees continue to separate the two personas — social media celebrity and CEO — and do their work without PR distractions? A video of internal Slack messages of employees reacting critically to Musk during the meeting was also leaked on Twitter, with no names redacted. The SpaceX employee letter and its fallout further reveal the dissonance between Elon Musk the genius innovator and Elon Musk the manager. SpaceX has not yet responded to a question on whether Musk was directly involved in firing the employees, but Musk has a reported history of firing critics; in the book Power Play: Tesla, Elon Musk, and the Bet of the Century, author Tim Higgins reports several instances of Musk firing his employees in moments of anger, including people who disagreed with him. That’s the question some of Musk’s employees seem to be grappling with now. The SpaceX letter, and the subsequent firing of the employees involved with it, shows there’s a growing tension between how Musk presents himself as an individual — albeit a very public individual — and how his employees feel represented, or misrepresented, by their CEO. Bloomberg reporter and Musk biographer Ashlee Vance quoted a SpaceX engineer in his book Elon Musk: Tesla, SpaceX, and the Quest for a Fantastic Future who said that “the treatment of staff was not good for long stretches of this era.” The employee recalled some engineers “being blamed for things they hadn’t done” and fired. “Elon’s behavior in the public sphere is a frequent source of distraction and embarrassment for us, particularly in recent weeks,” the letter reads. “Tesla has created a toxic workplace culture grounded in racist and sexist abuse and discrimination against its own employees,” Chau said in the suit. The letter focused on Musk’s behavior on Twitter, where he has been increasingly vocal about US politics and his criticisms of the Democratic Party, which he says has swerved too far to the left. The firings followed a Verge report on Thursday about the letter, which represents the first time such a document from employees to Musk has surfaced, and marks one of the most public concerted actions to date against Musk from employees of one of his companies. And more people, including his own employees, have begun raising questions about the increasingly blurry line between his Twitter persona and his role as the leader of several major companies.