Elon musk

Elon Musk, CEO of Tesla, said a 10% cut in salaried staff at the electric car maker will happen over three months, as the world's richest man predicted a U.S. recession was more likely than not. (Sign up to our Technology newsletter, Today’s Cache, for insights on emerging themes at the intersection of technology, business and policy. Click here to subscribe for free.) His remarks were his most detailed explanation of job cut plans and his first in-person appearance since Reuters reported at the start of this month that the company needed to cut staff by about 10% and was pausing hiring worldwide. Also Read Tesla sued by former employees over ‘mass layoff’ Speaking at the Qatar Economic Forum organised by Bloomberg , Musk said the cuts would apply only to salaried workers, meaning a 3.5% reduction in total headcount, changes he described as "not super material". But he expressed concern about the prospect of a U.S. recession. "It's not a certainty, … [Read more...] about Anticipating U.S. downturn, Elon Musk details Tesla staff cuts

Elon Musk has stated that three primary “unresolved matters” must be solved before his $44 billion buyout of Twitter can go ahead. CNBC reports that Tesla CEO Elon Musk has stated that three main issues are currently preventing his $44 billion acquisition of Twitter from going ahead. Breitbart News previously reported that Musk’s efforts to gain financing from outside investors to limit his cash contribution towards his $44 billion acquisition of Twitter have been put on hold due to the uncertainty surrounding the deal. Elon Musk CEO of Tesla (FREDERIC J. BROWN/Getty) Twitter CEO Parag Agrawal (Google Cloud/YouTube) Musk has repeatedly threatened to walk away from the deal if the company fails to back up its claims that spam accounts and bots make up less than five percent of its user base. Earlier this month, Musk’s lawyers sent a letter to Twitter warning that he may walk away from the deal if the appropriate information is not provided. Twitter has since … [Read more...] about Elon Musk Says Twitter Buyout Cannot Proceed Until 3 Issues Are Resolved

NEW YORK: Twitter's board has recommended unanimously that shareholders approve the proposed $44 billion sale of the company to billionaire and Tesla CEO Elon Musk, according to a regulatory filing Tuesday. Musk reiterated his desire to move forward with the acquisition last week during a virtual meeting with Twitter employees, though shares of Twitter remain far below his offering price, signaling considerable doubt that it will happen. Also Read: Amazon Proteus Is The First Fully-Automatic Robot From The Company: All Details Shares rose about 3% to $38.98 before the opening bell Tuesday, far short of the $54.20 per-share that Musk has offered for each share. The company's stock last reached that level on April 5 when it offered Musk a seat on the board before he had offered to buy all of Twitter. 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 … [Read more...] about Elon Musk’s $44 Billion Twitter Deal Gets Board Endorsement

Tesla CEO Elon Musk recently described the company’s Berlin and Austin factories as “gigantic money furnaces” in an interview with Tesla Owners of Silicon Valley, an official Tesla-recognized club, in Austin, Texas. Musk quipped, “There should be like a giant roaring sound, which is the sound of money on fire.” Reuters reports that speaking to the Tesla Owners of Silicon Valley, an official Tesla-recognized club, in Austin, Texas, Tesla CEO Elon Musk described the company’s new factories in Berlin and Austin as “gigantic money furnaces.” Tesla moves its headquarters to Austin in December and recently quipped that if you were to visit the facilities now: “There should be like a giant roaring sound, which is the sound of money on fire.” Both the Berlin and Austin factories opened earlier this year, and during the launch of the Austin Gigafactory in April, Musk heralded the facility as “a new phase of Tesla’s future,” as the company planned to produce its Model Y and … [Read more...] about ‘Gigantic Money Furnaces:’ Elon Musk says Tesla’s Recent Factories Are Losing Billions

Tesla chief Elon Musk promised “insane” battery news at a streamed event after the company’s annual shareholders’ meeting this week. Speculation included that Tesla will announce it has come up with ways to pack more energy into battery cells, slash production cost and dramatically extend battery life. Musk offered neither. Instead, he promised over the next several years to slash battery costs in half with new technology and processes and deliver an “affordable” electric car. “In three years . . . we can do a $25,000 car that will be basically on par (with), maybe slightly better than, a comparable gasoline car,” Musk said. Musk acknowledged that Tesla does not have its ambitious new vehicle and battery designs and manufacturing processes fully complete. Tesla has frequently missed production targets set by Musk. To help drive down vehicle cost, Musk described a new generation of batteries that will be more powerful, longer lasting and half as expensive than the company’s … [Read more...] about Everyone Was Expecting Low Cost Battery from Elon Musk on ‘Battery Day’, He Delivered Nothing

HAPPY BIRTHDAY ELON MUSK: Touted at multiple occasions and on multiple platforms as a real life “Iron Man,” Elon Musk is popular for his out-of-this-world ideas and a highly eccentric personality. The richest man in the world, Elon Musk has his name associated with some of the most revolutionary ventures, including PayPal, SpaceX, and Neuralink. As the Tesla boss turns 51, here are some interesting facts that you probably did not know. His First Invention Was At The Age Of 12 Musk had an innovative brain right from his adolescent phase. At the age of 12, he developed a computer programming code for a game called “Blastar.” He sold the source code for $500. The game was the first of many creations that was going to fetch him loads of money. Opened A NightClub To Pay Rent With an entry fee of $5, Musk, along with his friend, opened a nightclub to pay rent. While he was studying at the University of Pennsylvania, Elon rented a large house and converted it into a nightclub. … [Read more...] about Elon Musk Turns 51: Did You Know World’s Richest Man Once Turned His House Into Nightclub to Pay Rent?

HAPPY BIRTHDAY ELON MUSK: American businessman and founder of Tesla automobile, Elon Musk turned 51 on Tuesday. Known for his love for space exploration and other engineering ventures, the celebrity businessman has also struck a chord with the younger audience on social media with his meme knowledge. However, the SpaceX founder has also been the subject of memes on the unforgiving internet. Let us take a look at some of the interesting memes that include Musk in some context: Earlier this month, Musk tweeted a meme of a Byzantine soldier who is in bed thinking to himself whether he “locked the gate” and under the image a text read, “1453 Constantinople.” Through his tweet he was taking a dig at the Fall of Constantinople, also known as the Conquest of Constantinople, which was the capture of the capital of the Byzantine Empire by the Ottoman Turks. pic.twitter.com/oD5D5CVe5A — Elon Musk (@elonmusk) June 17, 2022 Musk, through his tweets on Bitcoin and Dogecoin led to … [Read more...] about Happy Birthday Elon Musk: Billionaire Businessman’s Latest Memes That Will Make You Laugh Out Loud

HAPPY BIRTHDAY ELON MUSK: SpaceX CEO, Elon Musk, is arguably the most popular tech billionaire. It is because not only is he a trailblazing business tycoon but also a recurring face in pop culture. Best part? Musk never shies away from sharing his take on memes, a significant part of today’s pop culture. Overseeing a magnanimous empire, one is forced to wonder how he manages to get time for his other shenanigans, but Musk, without a failure, surprises us all. He has been a part of many popular shows and movies and has contributed to them with his cameos. As Musk turns 51, let’s take a look at his pop culture appearances and Acting Cameos. Iron Man 2 Musk is a real-life Iron Man and rightly so, gave a cameo in the second instalment in the Iron Man franchise. In fact, the character of Tony Stark was inspired by Musk. He had reportedly lent the Space X facility to shoot several scenes for the film. The Simpsons Getting added to the list of impressive guests on the highly … [Read more...] about Happy Birthday Elon Musk: From Iron Man 2 to The Simpsons, Times Tesla CEO Made Acting Cameo Over The Years

Tesla Inc’s new car factories in Texas and Berlin are “losing billions of dollars” as they struggle to increase production because of a shortage of batteries and China port issues, Chief Executive Elon Musk said in an interview published on Wednesday. “Both Berlin and Austin factories are gigantic money furnaces right now. Okay? It’s really like a giant roaring sound, which is the sound of money on fire,” Musk said in an interview with Tesla Owners of Silicon Valley, an official Tesla-recognized club, in Austin, Texas, on May 31. The club divided its interview with Musk into three parts, the last of which was released on Wednesday. Musk said Tesla’s Texas factory produces a “tiny” number of cars because of challenges in boosting production of its new “4680” batteries and as tools to make its conventional 2170 batteries are “stuck in port in China.” “This is all going to get fixed real fast, but it requires a lot of attention,” he said. He said its Berlin factory is in a … [Read more...] about Elon Musk Says New Tesla Car Factories Losing Billions of Dollars, Calls them “Money Furnace”

HAPPY BIRTHDAY ELON MUSK: Besides being the wealthiest person, Tesla CEO Elon Musk is also hailed as a memelord for his uncanny Tweets and posts. Being a prominent figure, the founder of SpaceX also has some theories weaved around him by curious internet users. Many have proposed that Elon Musk is not a human but an alien instead. While some think it may be bizarre, the CEO has not tried to refute the claim. Instead, on some occasions, he admitted being one of the extraterrestrial creatures. In one instance, Musk Tweeted, “The Earth is not flat, it’s a hollow globe & Donkey King lives there!” Soon, among the loads of comments that came hurtling towards the Tweet, one user subtly asked if Musk was an alien. To this, Musk responded with a simple “Obv”. Obv — Elon Musk (@elonmusk) April 5, 2021 Later, another user asked the same question while posting a video of Musk. In the clip, Musk says that aliens could be among us while he also highlighted that some people think … [Read more...] about Happy Birthday Elon Musk: Conspiracy Theorists Suggest Musk is an Alien and the Billionaire Admits