Tag: musk

BUSINESS

Meta Go Threads To Compete With Twitter

Meta, the company that owns Facebook and Instagram, is launching a new app called Threads that is set to compete with Twitter for real-time digital conversations. The app will be connected to Instagram, allowing users to follow people they already do on the photo-sharing platform. The app will be released on Thursday, July 6. Threads is Meta’s attempt to capitalize […]

BUSINESS

Tesla Hits New Sales Record

Tesla reached a new sales record in the second quarter of 2023, with 466,140 vehicles sold worldwide, which, according to Elon Musk’s company, represents an increase of 83% compared to the same period in 2022. Tesla’s vehicle production also increased to 479,700 vehicles in the second quarter of 2023, up from 440,808 vehicles in the previous quarter. Tesla’s sales growth […]

BUSINESS

Musk In GiveAway Spree Of $1.95 Billion In Tesla Shares

Tesla CEO Elon Musk donated 11.5 million shares, which is equivalent to $1.9 billion of Tesla stock, to charity last year. The donation would make him the second-largest charitable donor in 2022. Musk’s net worth at the end of 2022 stood at $137 billion, so the donation represented about 1 point 4 percent of his net worth at that time. […]

BUSINESS

Twitter Offices On Lockdown Temporarily

Twitter has told employees that the company’s office buildings will be temporarily closed, with immediate effect. Workers were told that the offices would reopen on Monday, November 21. It did not give a reason for the move. The announcement comes amid reports that large numbers of staff were quitting after new owner Elon Musk called on them to sign up […]

BUSINESS

Musk Completes $44 Billion Twitter Deal

Twitter has confirmed in a securities filing that Elon Musk has completed his $44 billion acquisition of the company. This has put the world’s richest man in charge of one of the world’s most influential social media platforms. Twitter said the deal “became effective” on Thursday, as part of a filing notifying its intention to de-list from the New York […]

BUSINESS

The World Richest Man Elon Musk Donates $5.7 Billion To Charity

Elon Musk, the world’s richest man, donated more than 5 million shares of the electric-car maker last November, according to a filing with the U.S. Securities and Exchange Commission. The multi-billion-dollar philanthropic donation is one of the largest in history. The filing did not disclose the name of the charity and showed an unidentified trust was involved in the transaction. […]

BUSINESS

Elon Musk Gives Take On U.S.-China Relationship

Tesla Inc, CEO Elon Musk in addressing a range of questions posed by Joanna Stern at The Wall Street Journal’s Annual CEO Council meeting held recently argued that China is set to become the largest economy in the world. He said the U.S. has been the largest economy for as long as anyone can remember. He noted, however, “we are […]

NEWS

The UN Food Program Director Shows Musk The Way

Following a challenge by Tesla’s CEO Elon Musk, that he would sell Tesla’s stock to fund a plan if the World Food Program (WFP) could describe “exactly how” it would work, the director of the United Nations’ World Food Program rose to the challenge by laying out a plan showing how his organization would spend $6.6 billion to combat world […]

BUSINESS Commerce Social media

SEC Punishes Elon Musk For Out Of Step Behavior

The Securities and Exchange Commission (SEC) has forced Elon Musk to step down as Tesla’s chairman and pay a fine in a negotiated settlement over tweets he posted about taking the firm private. The decision came as the SEC sought to sue Musk for alleged securities fraud. Under the deal, Musk will remain as Tesla CEO but must give up […]