Tesla shares (NASDAQ: TSLA) were down over 10 percent by noon on Tuesday following Elon Musk’s acquisition of Twitter, which was announced yesterday. Other tech stocks, like Apple, Amazon, and Google, were also hit between 2 and 4.5 percent at just after 1:30 PM on the East Coast. Tesla lost over $100 billion in market cap…
Twitter CEO Parag Agrawal has assured the social media company’s employees that while he did not have concrete answers about what would happen once Tesla CEO Elon Musk fully acquires the platform, there are no planned layoffs as of now. Agrawal reportedly shared the news during an all-hands call on Monday. Following a back and…
Following Elon Musk’s acquisition of social media platform Twitter yesterday, Amazon founder and former CEO Jeff Bezos pondered the potential hoops Tesla, Musk’s automotive company, may have to jump through as a company operating in China. Due to Musk’s purchase of Twitter, Bezos questioned whether China gained “a bit of leverage” over the platform’s censorship,…
Tesla CEO Elon Musk recently accommodated a delegation from Indonesia in Gigafactory Texas. Images and insights from the meeting were shared by some of the Indonesian officials following their conversation with Musk. The group reportedly discussed a number of topics, among them being Indonesia’s nickel deposits, which would be valuable for Tesla and its battery production…
This coming May is shaping up to be quite interesting, at least for those who are following updates on Tesla CEO Elon Musk. As per recent reports, an upcoming television documentary on Musk, Tesla, and its Autopilot program is poised to be released this coming May. The documentary, which is titled “Elon Musk’s Crash Course,”…
Elon Musk’s Twitter acquisition may have rung alarm bells from the CEO’s critics, but the social media company’s co-founder, Jack Dorsey, seems to be completely supportive of the buyout. In a recent set of tweets, Dorsey noted that Musk’s acquisition is the correct path for the company. Dorsey’s thoughts about Twitter’s buyout started with a…
According to Kelley Blue Book’s (KKB) data, Tesla dominated the United States electric vehicle market in the first quarter. Tesla vehicle sales accounted for 75% of all EVs sold between January and March 2022. Tesla’s Model 3 and Model Y vehicles made up 68% of US EV market sales in Q1 2022. Based on those calculations, the…
The Boring Company (TBC) has made some notable moves recently, including launching Prufrock-2. Elon Musk’s tunneling company also announced its aim to conduct full-scale Hyperloop tests later this year. Pictures on TBC’s official website reveal that it has launched Prufrock-2 in Bastrop, Texas. Preparations for Prufrock-2 were spotted at TBC’s Bastrop location in September 2021. The recently…
Following a meeting on Sunday morning, Twitter’s Board of Directors reportedly met with Tesla and SpaceX CEO Elon Musk to discuss the executive’s acquisition offer for the social media platform. The negotiations between Musk and Twitter were reportedly extensive, as the discussions lasted into the early hours of Monday. While neither Musk nor Twitter has…
It appears that Elon Musk’s Hyperloop dreams are not over just yet. With The Boring Company seemingly catching its rhythm with projects such as the Vegas Loop, the Tesla and SpaceX CEO has noted that a Hyperloop project will be attempted by the tunneling startup in the coming years. The Hyperloop is a proposed ultra-high-speed…