Elon Musk

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Musk Says New Tesla Factories Are Burning Cash

CEO calls Austin and Berlin plants 'gigantic money furnaces' because of supply chain, battery issues

(Newser) - At some point, the Tesla factories that opened in Texas and Germany earlier this year will pay off. But at the moment, CEO Elon Musk says, they're money pits. "Both Berlin and Austin factories are gigantic money furnaces right now," he said, per Forbes . "It's...

Twitter's Board Unanimously Recommends Deal With Musk

But his purchase of the platform still has a long way to go

(Newser) - The pendulum on the Elon Musk-Twitter courtship has swung from no way to it's happening to it's off to maybe it's on again . A development Tuesday keeps it squarely in the "maybe" camp. Twitter's board recommended unanimously that shareholders approve the proposed $44 billion sale...

Elon Musk's Trans Daughter Breaks With Dad

Vivian, born Xavier, ditches famous last name

(Newser) - One of Elon Musk's five children with his first wife is transgender, and wants to make a clean break from her famous father. Born Xavier Musk, the newly 18-year-old has filed documents to change her name to Vivian Jenna Wilson. The reason given, per TMZ : "Gender Identity and...

SpaceX Employees Criticized Musk. Then Came the Firings

COO Gwynne Shotwell said letter requesting action from leaders was 'overreaching activism'

(Newser) - SpaceX fired at least five workers who helped write and share an open letter criticizing CEO Elon Musk on Thursday, per Reuters . The letter—which called Musk's public behavior "a frequent source of distraction and embarrassment" and also called out his "harmful Twitter behavior"—began circulating...

Mark Cuban Just Did What Elon Musk Could Not

Billionaire gets teen tracking private jets to stop tracking his, promising future business advice

(Newser) - Elon Musk tried to get a Florida teen to stop tracking his private jet , to no avail. Mark Cuban, on the other hand, appears to have been successful. Insider reports that 19-year-old Jack Sweeney has stopped sharing data on his Cuban-dedicated Twitter account after the Dallas Mavericks owner reached out...

Musk Hints Who Would Get His Vote in 2024

It's not clear if Ron DeSantis is running for POTUS, but Tesla CEO says he's leaning toward Fla. gov

(Newser) - It's not yet clear if Ron DeSantis or Donald Trump will be running for president in 2024, but if the Florida governor wades into the candidate pool, looks like he can count on a vote from at least one big name. Last month, Tesla and SpaceX CEO Elon Musk...

New Elon Musk Threat Has Twitter Stock Falling
Twitter
Reverses
Course on
Musk Demand
UPDATED

Twitter Reverses Course on Musk Demand

Company will provide more information to help evaluate 'bot' accounts

(Newser) - Updated: Twitter will relent and give Elon Musk all the information he wants to help him evaluate how many bogus accounts—or bots—are on the platform, reports the Washington Post . The company will give him access to what the Post describes as the full "firehose" of its daily...

Elon Musk Has 'Super Bad Feeling' About Economy

He says Tesla needs to cut 10% of jobs

(Newser) - Just days after he declared that working from home was unacceptable, Elon Musk has decided some Tesla employees don't need to come back at all. In an email to execs seen by Reuters, the Tesla CEO says he is planning to cut around 10% of jobs at the company...

Elon Musk Takes Rigid Stance on Remote Work

Email posted to Twitter purportedly tells Tesla staff remote work only OK past 40-hour mark

(Newser) - Elon Musk has made clear to his Tesla workforce that remote work is not acceptable. Nor is it "acceptble," as the subject line of an email apparently sent to Tesla employees Tuesday and later posted to Twitter made clear. The brief email explains that "anyone who wishes...

I See Elon Musk as an Emperor Without Clothes
I See Elon Musk as an
Emperor Without Clothes
OPINION

I See Elon Musk as an Emperor Without Clothes

Edward Niedermeyer has been digging into Musk, Tesla since 2015

(Newser) - For Edward Niedermeyer, it's plain as day: The emperor—that would be Elon Musk—has no clothes. It's an opinion Niedermeyer has held for years, and he hasn't been quiet about it (see his 2019 publication of the book Ludicrous: The Unvarnished Story of Tesla Motors). In...

Shareholders Sue Musk Over Twitter's Falling Stock Price

Shares are running 27% below Tesla CEO's offer price

(Newser) - Twitter shareholders have filed a lawsuit accusing Elon Musk of engaged in "unlawful conduct" aimed at sowing doubt about his bid to buy the social media company. The lawsuit filed late Wednesday in the US District Court for the Northern District of California claims the billionaire Tesla CEO has...

Elon Musk Gives Twitter Investors Hope

As Jack Dorsey leaves the company's board of directors

(Newser) - Jack Dorsey left Twitter's board of directors Wednesday, in a move that had been planned and announced when Dorsey resigned as CEO in November. Dorsey is the last of the social network's founders to cut formal ties with the company, NBC News reports. His term on the board...

UN Food Chief to Musk: 'We Need Your Help, Brother'

David Beasley wants billionaires to step up, saying the situation is serious

(Newser) - The head of the United Nations' World Food Program is telling billionaires it's "time to step up" as the global threat of food insecurity rises with Russia's war in Ukraine. Executive Director David Beasley said he's seen encouraging signs from some of the world's richest...

Musk Accused of Exposing Himself to Flight Attendant

2016 allegations are just now making headlines

(Newser) - Amid his Twitter drama, a new scandal for Elon Musk: A 2016 sexual misconduct allegation against the Tesla and SpaceX CEO has been made public. Documents and interviews obtained by Business Insider reveal that that year, a flight attendant who worked for the SpaceX corporate jet fleet accused Musk of...

Elon Musk: I Can't Close the Twitter Deal Like This

Acquisition is stalled, he says, until there's more information on spam and fake accounts

(Newser) - Elon Musk shook things up Tuesday, beginning the day with a tweeted warning that his acquisition of Twitter is in doubt. "This deal cannot move forward," Musk wrote, until he receives more data about the amount of spam and the number of fake accounts on the platform, the...

Now in Elon Musk's Twitter Drama: Poop Emoji

So this is where we're at now

(Newser) - Monday's discourse in the ongoing Elon Musk vs. Twitter saga was not exactly, shall we say, refined. In a tweet reply to the social media company's CEO, Musk simply posted a poop emoji. The thread Musk was responding to involved Parag Agrawal talking about spam accounts, and insisting...

Now What, Elon?
Musk Might Have Ulterior
Motives in Surprise Move
the rundown

Musk Might Have Ulterior Motives in Surprise Move

It could be a bargaining ploy, or he could be trying to avoid a big penalty for ditching the deal

(Newser) - Elon Musk surprised the tech world Friday morning by putting his deal to buy Twitter on hold. His stated reason is that he needs to investigate just how many spam accounts are on the platform, but one theme in coverage is that industry analysts sound pretty skeptical about that:
  • Not
...

Elon Musk Says Twitter Deal Is 'Temporarily on Hold'

He wants to know more about estimate of number of fake or spam accounts

(Newser) - Twitter's share price sank as much as 25% in pre-market trading Friday after Elon Musk declared in an early morning tweet that his bid to buy the company was "temporarily on hold." He included a link to a May 2 Reuters report on a Twitter filing estimating...

Ukrainian Soldier Creates Twitter Account Just to Contact Musk

'Help us get out of Azovstal,' the commander tweets from besieged steel plant in Mariupol

(Newser) - Serhiy Volyna only recently created a Twitter account, and he's so far tweeted just once and is following just one person. That person is Elon Musk, who was also the subject of the Ukrainian commander's one tweet, reports the AFP . "People say you come from another planet...

Judge Says Musk Made Knowingly False Statements

Next, a jury will need to decide how much damage he caused

(Newser) - In a pre-trial ruling, a federal judge in California has determined that Elon Musk was "inaccurate and reckless" when—out of the blue one summer morning in 2018—he tweeted, "Am considering taking Tesla private at $420. Funding secured.” Musk had indeed talked to Saudi investors about...

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