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“Elon Musk tells Tesla workers to relax despite ‘stock market craziness’” Tesla Chief Executive Elon Musk told employees that they should not be “bothered by stock market craziness” after the company’s shares fell nearly 70% this year on jitters over softening demand for electric vehicles and Musk’s distraction with running Twitter. In an email sent to staff on…
“Tech moguls lost a combined $433B in wealth in 2022 stock market dive” The nation’s tech titans lost an aggregate total of more than $430 billion as shares of their once-hot companies plummeted this year. Tesla and Twitter boss Elon Musk’s net worth nosedived an eye-watering $132 billion, causing him to lose his title as…
“Tesla’s wireless charging pad wants to achieve what Apple couldn’t” Name a product that Tesla never thought of making, and out of the blue there it is. That’s the case with this new creation by the Elon Musk-owned company, never willing to show the white flag. After the shenanigans of Apple’s scrapped AirPower charging mat…
“Tesla shuts down Shanghai plant as COVID cases in China surge” Tesla suspended production at its busiest facility in Shanghai, according to an internal memo. No reason was given for the work stoppage, according to Reuters, whose reporters saw the communication. It simply told the morning shift workers they could start their holiday break early….
“Elon Musk confronted by Tesla investor over pronoun comments” Elon Musk was confronted by a Tesla investor with a trans child over the mogul’s comments on preferred pronouns — with the shareholder accusing the billionaire of “punching down” on a vulnerable group before he was allegedly booted from the public Twitter chat. Earl Banning, an active-duty…
“Elon Musk vows not to sell Tesla stock for another two years” Tesla Chief Executive Officer Elon Musk said Thursday he will not sell any more Tesla stock for another two years. While speaking in a Twitter Spaces audio chat, Musk said he foresees the economy will be in a “serious recession” in 2023 and consumer demand will be lower. Shares…
“Tesla to conduct layoffs, implement hiring freeze as stock sinks: report” Elon Musk’s Tesla is set to conduct layoffs and freeze further hiring as the electric car maker contends with a sustained downturn in its stock price, according to a report Wednesday. Tesla informed employees about the hiring freeze and said “another wave of layoffs…
“Elon Musk’s team seeks new investors for Twitter: report” The managing director of Elon Musk’s family office is seeking new equity investors for Twitter, news platform Semafor reported on Friday, citing two people familiar with the fundraising effort. Musk’s money manager, Jared Birchall, reached out to potential investors this week, offering shares of Twitter at…
“Elon Musk sells 22 million shares of Tesla stock in 3 days” Tesla boss Elon Musk disclosed another $3.6 billion in stock sales on Wednesday, taking his total near $40 billion this year and frustrating investors as the company’s shares wallow at two-year lows. A securities filing showed he unloaded 22 million shares in the world’s most valuable…
“Elon Musk ‘fanboy,’ Tesla investors furious as shares hit two-year low” Tesla shares extended declines to hit their lowest level in more than two years on Wednesday, as investors in the electric car company — including a “fanboy” of CEO Elon Musk — lashed out at the billionaire for being distracted following his Twitter takeover. Shares…