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Economy

“Musk feels ‘super bad’ about economy, needs to cut 10% of Tesla jobs”

“Tesla CEO Elon Musk has a “super bad feeling” about the economy and needs to cut about 10% of jobs at the electric carmaker, he said in an email to executives seen by Reuters… Musk’s gloomy outlook echoes recent comments… Continue Reading…

Business

“Elon Musk says Twitter deal ‘cannot move forward’ until he has clarity on bot numbers”

“Elon Musk said his $44 billion purchase of Twitter will not move ahead until he has more clarity on how many accounts are fake. Twitter estimated in a filing earlier this month that fewer than 5% of its monetizable daily active users… Continue Reading…

Business, Stocks

“Twitter shares jump 3% on reports it could accept Elon Musk’s bid as early as Monday”

“Twitter shares jumped more than 3% on reports the company is nearing a deal with Elon Musk that could be announced as soon as Monday. Musk earlier this month offered to buy Twitter for $54.20 a share, or about $43 billion. The social media… Continue Reading…

Business, Stocks

“Elon Musk offers to buy Twitter for $43 billion, so it can be ‘transformed as private company’”

“Elon Musk offered to buy Twitter for $54.20 a share in a filing published Thursday, saying the social media company needs to be transformed privately, a little over a week after first revealing a 9.2% stake in the company. Musk’s offer values… Continue Reading…

Business, Stocks

“Elon Musk decides not to join Twitter board, says CEO Parag Agrawal”

“Tesla and SpaceX CEO Elon Musk has abandoned his plans to join the board of Twitter, his social network of choice. Twitter CEO Parag Agrawal announced publicly Sunday that Musk remains the largest shareholder of Twitter, and the company will remain open to his… Continue Reading…

Stocks

“Twitter shares soar more than 20% after Elon Musk takes 9% stake in social media company”

“Outspoken Tesla CEO Elon Musk purchased a giant stake in Twitter that makes him the largest outside shareholder in the social media stock, not long after criticizing the company for what he said was its failure to uphold the tenets of free speech. Musk owns… Continue Reading…

Cryptocurrencies

“Dogecoin jumps 9% after Elon Musk says it can be used to buy Tesla merchandise”

“The price of dogecoin jumped more than 15% on Friday before paring gains after Tesla began accepting the cryptocurrency as payment for some merchandise. Early Friday, Tesla CEO Elon Musk said on Twitter that the electric carmaker’s merchandise can be purchased with dogecoin… Dogecoin… Continue Reading…

Economy

“Dogecoin spikes over 20% after Elon Musk says Tesla will accept it as payment for merch”

“ Dogecoin skyrocketed more than 20% Tuesday morning after Elon Musk said Tesla would accept it as payment for some merchandise. Musk has frequently talked up dogecoin, calling it his favorite digital coin and mentioning it in an appearance on… Continue Reading…

Banking, Business

“JPMorgan is suing Tesla over Elon Musk’s tweets”

“…According to the complaint filed in Manhattan federal court, Tesla in 2014 sold warrants to JPMorgan that would pay off if their “strike price” were below Tesla’s share price upon the warrants’ expiration in June and July 2021. JPMorgan (JPM), which… Continue Reading…

Stocks

“Tesla shares slide 5% after Elon Musk proposes selling 10% of his stock in a Twitter poll”

“Tesla shares fell by more than 5% in morning trading Monday after CEO Elon Musk asked his Twitter followers if he should sell 10% of his stock in the electric vehicle company. Shares of Tesla slipped 5.3% to $1,157.30 at 09:16 a.m. ET… Continue Reading…