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Anticipating US downturn, Elon Musk details Tesla staff cuts

Anticipating US downturn, Elon Musk details Tesla staff cuts

Elon Musk, CEO of Tesla, said a 10 percent 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.
Elon Musk wants to cut 10 percent of Tesla jobs

Elon Musk wants to cut 10 percent of Tesla jobs

Tesla CEO Elon Musk has a "super bad feeling" about the economy and needs to cut about 10% of salaried staff at the electric carmaker, he said in emails seen by Reuters.
June 3, 2022 | 04:36 pm PT
Musk sued by Twitter investors for stock 'manipulation' during takeover bid

Musk sued by Twitter investors for stock 'manipulation' during takeover bid

Billionaire Elon Musk was sued by Twitter investors claiming he manipulated the company's stock price downward, as he mounts a $44 billion takeover bid for the social media platform.
May 26, 2022 | 06:24 pm PT
Elon Musk is wrong about zero restraint free speech

Elon Musk is wrong about zero restraint free speech

Free speech with zero restraints is a self defeating chaos. At a time of rampant fake news and misinformation, the need of the hour is to weed them out, not allow them to fester.
May 19, 2022 | 05:13 pm PT
US agency opens probe into fatal Tesla vehicle crash that killed three

US agency opens probe into fatal Tesla vehicle crash that killed three

A U.S. auto safety agency said Wednesday it has opened an investigation into a fatal crash involving a Tesla vehicle in California this month that resulted in three deaths and could have been caused by its advanced driver assistance system.
May 18, 2022 | 07:20 pm PT
Musk says $44 bln Twitter deal on hold over fake account data

Musk says $44 bln Twitter deal on hold over fake account data

Elon Musk tweeted on Friday that his $44 billion cash deal for Twitter was "temporarily on hold" while he waits for the social media company to provide data on the proportion of its fake accounts.
May 13, 2022 | 10:00 pm PT
Twitter CEO says two leaders to depart, hiring paused amid Musk takeover

Twitter CEO says two leaders to depart, hiring paused amid Musk takeover

Two senior Twitter leaders who oversee the consumer and revenue divisions will depart the social media company, CEO Parag Agrawal told employees in a memo on Thursday.
May 13, 2022 | 12:27 am PT
Musk says Twitter may charge slight fee for commercial, government users

Musk says Twitter may charge slight fee for commercial, government users

Elon Musk said on Tuesday Twitter Inc might charge a "slight" fee for commercial and government users, part of the billionaire entrepreneur's push to grow revenue which has lagged behind larger rivals like Meta Platforms Inc's Facebook.
May 4, 2022 | 01:08 am PT
Twitter user growth rises but weak sales highlight Musk challenges

Twitter user growth rises but weak sales highlight Musk challenges

Twitter reported revenue that fell short of expectations and were depressed by the Ukraine situation, laying out the challenges billionaire Elon Musk will face if he takes over the company.
April 28, 2022 | 07:23 pm PT
Tesla loses $126 bln in value amid Musk Twitter deal funding concern

Tesla loses $126 bln in value amid Musk Twitter deal funding concern

Tesla Inc lost $126 billion in value on Tuesday amid investor concerns that Chief Executive Elon Musk may have to sell shares to fund his $21 billion equity contribution to his $44 billion buyout of Twitter Inc.
April 26, 2022 | 07:01 pm PT
Musk gets Twitter for $44 billion, to cheers and fears of 'free speech' plan

Musk gets Twitter for $44 billion, to cheers and fears of 'free speech' plan

Elon Musk clinched a deal to buy Twitter IncTWTR for $44 billion cash on Monday in a transaction that will shift control of the social media platform populated by millions of users and global leaders to the world's richest person.
April 25, 2022 | 06:45 pm PT
Twitter, under shareholder pressure, begins deal talks with Musk

Twitter, under shareholder pressure, begins deal talks with Musk

Twitter Inc kicked off deal negotiations with Elon Musk on Sunday after he wooed many of the social media company's shareholders with financing details on his $43 billion acquisition offer, people familiar with the matter said.
April 24, 2022 | 06:36 pm PT
Musk willing to invest up to $15 bln of own money to buy Twitter

Musk willing to invest up to $15 bln of own money to buy Twitter

Elon Musk is willing to invest between $10 billion and $15 billion of his own money to take Twitter Inc private, the New York Post reported on Tuesday, citing two sources familiar with the matter.
April 19, 2022 | 08:18 pm PT
Elon Musk's move to buy Twitter faces roadblocks

Elon Musk's move to buy Twitter faces roadblocks

Even for the richest person on the planet, buying Twitter was always going to be a challenge –- a highly complex financial transaction now made even trickier by a defensive "poison pill" move from the platform's board.
April 15, 2022 | 05:53 pm PT
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