Elon Musk

Elon Musk’s offer to purchase Twitter caused investors to pummel Tesla, gouging out billions of dollars in Tesla’s market value. Investors doubted he could run both companies equally well, let alone all of his other holdings.

The move comes after Musk warned earlier this month that he has a “super bad feeling” about the economy amid record-high inflation. In a memo to executives, titled “pause all hiring worldwide”, Musk said that around 10% of jobs at Tesla…

Elon Musk has shared a dose of bad news for his electric vehicle company Tesla, explaining that its new factories in Germany and the United States are losing billions of dollars due to battery shortages and supply disruptions in China. …

In May of this year, Elon Musk's electric vehicle company Tesla sold 32,165 China-produced vehicles, including 22,340 for export. This is according to the China Passenger Car Association.  In contrast, April of this year saw Tesla sell…

Tesla CEO Elon Musk has accused Twitter of committing a “material breach” of his $44 billion deal to buy the social media giant and has threatened to walk away from the deal altogether.  As part of a dispute over the number of fake…

“What’s next?” tends to be the question on everyone’s lips during a company takeover. New ownership often brings new promises, new ideas and new ways of doing things. All of this has the potential to deliver momentous change, creating…

Tesla CEO Elon Musk has seen $46.4 billion wiped off of his net worth, according to the Bloomberg Billionaires Index. Meanwhile, Amazon founder Jeff Bezos is down $53.2 billion, and Microsoft co-founder Bill Gates has seen a $15.1 billion…

According to The Verge and CNBC, Shotwell, who joined the spacecraft company in 2002, sent an email to all SpaceX employees titled “the recent news story”, in which she defended Musk: “Personally, I believe the allegations to be false; not…

Musk’s tweet, which soon went viral, came just two days after the Tesla CEO acquired Twitter in a $44 billion deal. “Next I’m buying Coca-Cola to put the cocaine back in,” Musk wrote, referring to the drink’s original 1886 recipe when it…

The deal was shaken upon on Monday following weeks of speculation about Twitter’s future after Elon Musk’s emergence as the platform’s largest single shareholder on 4 April. On 14 April, Musk announced a takeover bid, offering $54.20 per…

In the early 2000s, Elon Musk co-founded Tesla “to accelerate the advent of sustainable transport by bringing compelling mass-market electric cars to market as soon as possible." Fast-forward to 2021, and the company's earnings sat at a…

On Monday, Tesla and SpaceX CEO Elon Musk said that Twitter’s board of directors will not receive a salary if his acquisition of the company is successful. In a Tweet, Musk wrote, “Board salary will be $0 if my bid succeeds, so that’s…