Elon Musk has put his role as head of Twitter up to a vote, and the people have spoken: He should step down as the leader of the social media platform he owns.
It comes after pressure from Tesla investors, who feel abandoned.
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Elon Musk has sold another tranche of Tesla shares, this time worth $3.6 billion, amid ongoing chaos related to his Twitter takeover. The sale was announced in a Form 4 filing with the SEC on Wednesday night.
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Elon Musk said that he “will make sure Tesla (TSLA) shareholders benefit from Twitter long-term” after they just lost billions of dollars.
But how is the question?
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Elon Musk implies that Lucid Motors, an electric vehicle startup that spun out of Tesla, might be about to die.
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Tesla investors are starting to get increasingly concerned that Elon Musk’s focus on Twitter is taking him away from the automaker as its stock is falling.
The CEO tried to reassure shareholders saying that he has “Tesla covered,” but he also said that he is sleeping at Twitter’s headquarters “until the social media is fixed.”
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Tesla critics are testing Elon Musk’s new Twitter policy about parody accounts, and they even forced the CEO to change it and ban them.
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In a recent interview with German media, NIO CEO William Li covered a plethora of topics pertaining to the relatively young Chinese automaker, including its expansion in Europe and its plans for the US, which may now be on hold. Speaking of the US market, Li had some bold (and funny) words to say about Tesla and Elon Musk.
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Tesla’s stock (TSLA) plunged this afternoon after it was reported that Elon Musk agreed to finally go through with his deal to buy Twitter.
That means he won’t be buying back Tesla stocks.
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The media is going nuts over Elon Musk calling for more oil and gas at an energy conference in Norway, but the full quote is not being widely reported and brings some important context.
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Tesla CEO Elon Musk has revealed more details about Tesla Optimus, the company’s upcoming humanoid robot, and how he sees the product rolling out over the next decade.
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Tesla has disclosed that CEO Elon Musk sold around $6.9 billion worth of Tesla (TSLA) shares last week.
It’s a significant chunk of his Tesla stake, but the reason behind the sale is unknown as of now. A Twitter settlement maybe?
Update: Musk has commented on the sale, and we have added those comments to the end of this article.
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Elon Musk noted that he believes inflation might finally be trending down based on Tesla commodity prices. The CEO has previously said that he would be waiting for that to start reducing the prices of Tesla vehicles.
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Elon Musk is reportedly at risk of losing his top lieutenant at Tesla over a suspicious order of ‘special glass’ that some suspect might have been for the CEO.
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Back in April, the well-known billionaire Elon Musk announced that he would buy Twitter in a $44 billion deal. However, the deal was put on hold a month later after a number of controversies. Now Elon Musk seems to have officially backed out of the Twitter deal, as he has formally notified the company that he will no longer acquire it.
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Elon Musk says that he is considering Tesla ads, which are against the company’s current marketing policy, to counter what Musk perceives as media bias against Tesla.
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Elon Musk made an interesting comment about Tesla’s effort to develop self-driving. The CEO says that solving self-driving is the difference between Tesla being worth a lot of money or almost nothing.
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Elon Musk says that Tesla had a “very tough quarter” and asks employees to “rally hard to recover” in leaked emails.
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At a company-wide meeting yesterday, Tesla employees asked Elon Musk what to do with the Twitter drama around his attempt to acquire the social media platform. The CEO says “ignore” it.
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Elon Musk told Tesla employees to expect a “nutty” end-of-quarter delivery wave this quarter at a new company-wide meeting.
The automaker has been trying to move away from quarterly delivery waves, but special circumstances made one inevitable at the end of this quarter.
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Tesla (TSLA) stock has fallen by as much as 10% today after the allegation of sexual misconduct against CEO Elon Musk came out, which is now being called the ‘Elongate’ scandal. Musk has now denied the claim and even challenged the alleged victim’s friend who shared the story.
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Elon Musk, CEO of both Tesla and SpaceX, is being accused of sexual misconduct in a new report. Without directly commenting on the case, Musk is hinting that it is part of a campaign of “political attacks” carried out by Democrats.
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Elon Musk announced that he is putting the Twitter acquisition deal on hold until the social media platform can prove less than 5% of its accounts are fake or spam. Is the Tesla CEO getting cold feet on the deal?
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Elon Musk is reportedly looking to secure more equity for the acquisition of Twitter in order to proceed without billions of dollars worth of loans back by Tesla shares. It comes as Tesla’s share price has fallen to significantly.
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Elon Musk will reportedly take over the role of CEO at Twitter after the acquisition is complete, but the plan is to not hold it for long. Where have we heard that before?
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