Tesla, Inc.’s India plans did not quite materialize in the way the company’s outspoken chief executive officer Elon Musk may have hoped. The intransigent stance of the Indian government on import duty cuts and its insistence on localizing production did not cut ice with Musk. Following the stalemate, Tesla put its India plans on the…
Elon Musk on Tesla’s Long-Term Growth, Why It Hasn’t Even Reached 0.1 Percent of Future Potential
Tesla, Inc. is now seen as more than a car company, given its foray into energy, AI, and robotics. What Happened CEO Elon Musk reiterated over the weekend that the company’s long-term potential is high. His comments came in response to a valuation framework for Tesla’s shares discussed by Tesla influence and YouTuber Steven Mark Ryan, who…
SEC Looking Into Musk’s Twitter Stake Purchase
WASHINGTON—The Securities and Exchange Commission (SEC) is looking into Tesla Chief Executive Officer Elon Musk’s disclosure of his stake in Twitter Inc in early April, according to a letter the agency sent to him that month. In the letter, now made public by the SEC, the regulator asks Musk why it appears he did not…
Musk Raises ‘Trust Issues’ on Bill Gates’ Multi-Billion-Dollar Bet Against Tesla
May 29, 2022
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Elon Musk called out former Microsoft CEO Bill Gates again for shorting Tesla’s stock, casting doubts on his goodwill in fighting climate change given the latter’s multi-billion-dollar bet against the electric carmaker. In a series of Twitter posts, Musk disclosed Gates’ short position would now require up to $2 billion to close out. The position…
Investors Sue Elon Musk and Twitter Over Pending Takeover
May 29, 2022
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The CEO of Tesla and SpaceX, Elon Musk, was sued by Twitter investors for “unlawful conduct” claiming he manipulated the company’s stock price downward by sowing doubt about his bid to buy the social media company. Twitter, which is based in California’s Bay Area, was also named as a defendant in the suit, which argued that…
Microsoft Joins Peers in Hiring Slowdown Amid Economic Volatility
Microsoft Corp. looks to slow hiring in its Windows, Office, and Teams chat and conferencing software groups, Bloomberg reports. Recently, Microsoft disclosed plans to double its budget for salary increases and boosting stock grants to retain key workers. Microsoft’s slowdown was not companywide, and overall it will continue to hire with additional focus on where those resources go….
Elon Musk Wishes Jack Dorsey Stayed on Twitter Board, but That Horse Has Already Bolted
When Tesla Inc. CEO Elon Musk, who is attempting to take over Twitter Inc., noted that the company’s founder Jack Dorsey had quit the social media firm’s board of directors, the latter reacted with an emoji. What Happened Dorsey posted an emoji of a galloping horse in response to Musk’s tweet. Jack off the board!…
Big Tech Ad Revenue Growth to Taper as Pandemic Bubble Pops: Analyst
After unprecedented revenue growth last year, digital platforms including Alphabet Inc., Meta Platforms Inc., Snap Inc., and Twitter Inc. now face a sobering reality as pandemic-driven advertising trends dissipate, according to an analyst report on Thursday. Research firm MoffettNathanson cut its 2025 revenue estimates for each of the four companies by double-digit percentages. U.S. digital…
Daily Beast Corrects Articles, Apologizes to Hunter Biden Laptop Repairman After Being Sued
The Daily Beast has corrected at least two articles that claimed that the laptop owned by President Joe Biden’s son Hunter Biden was stolen by a computer repairman. The website published a story on Dec. 9, 2020, about the laptop that said the computer was “stolen.” That word was removed on May 25. An editor’s…
Twitter Keeps Musk Ally Durban on Board, Rejects Resignation
Twitter Inc. said in a filing on Friday it will not accept Egon Durban’s resignation from the board, two days after shareholders blocked his reelection at an annual meeting. Durban is an ally of Elon Musk, who has offered to take Twitter private in a $44 billion deal. Twitter said Durban failed to receive the…
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