Musk says Tesla’s new car factories ‘losing billions of dollars’

Musk says Tesla’s new car factories ‘losing billions of dollars’

Tesla Inc’s TSLA-Q new car factories in Texas and Berlin are “losing billions of dollars” as they struggle to increase production because of a shortage of batteries and China port issues, Chief Executive Elon Musk said in an interview published on Wednesday. “Both Berlin and Austin factories are gigantic money furnaces right now. OK? It’s … Read more

Anticipating US downturn, Elon Musk details Tesla staff cuts

Anticipating US downturn, Elon Musk details Tesla staff cuts

Tesla CEO Elon Musk said there were unresolved issues with the Twitter deal, including the debt portion of the deal and the number of spam users.ALY SONG/Reuters Elon Musk, CEO of Tesla, said a 10% cut in salaried staff at the electric car maker will happen over three months, as the world’s richest man predicted … Read more

Elon Musk Twitter: Twitter says waiting period for Elon Musk’s deal has expired | International Business News

Elon Musk Twitter: Twitter says waiting period for Elon Musk’s deal has expired |  International Business News

Twitter Inc said on Friday the waiting period under the HSR Act for Elon Musk’s $44-billion acquisition of the social media firm has expired. Completion of the deal is now subject to remaining customary closing conditions, including approval by Twitter stockholders and the receipt of applicable regulatory approvals, Twitter said. The HSR Act, or the … Read more

Opinion: In pushing his Tesla workers back to the office, Elon Musk embraces a decades-old management principle

Opinion: In pushing his Tesla workers back to the office, Elon Musk embraces a decades-old management principle

Gus Carlson is a New York-based columnist for The Globe and Mail. It’s a curious and perhaps counterintuitive thing: To keep Tesla at the forefront of innovation, Elon Musk is reaching back in time for management strategies that are positively ancient – ​​as in Tom Peters ancient. Remember him? Mr. Peters was the 1980s management … Read more

Elon Musk tells Tesla staff to return to office or quit

Elon Musk tells Tesla staff to return to office or quit

Tesla Inc. TSLA-Q Chief Executive Elon Musk has asked employees to return to the office or leave the company, according to an email sent to employees on Tuesday night and seen by Reuters. “Everyone at Tesla is required to spend a minimum of 40 hours in the office per week,” Musk said in the email. … Read more

Elon Musk Isn’t a Climate Hero

Elon Musk Isn’t a Climate Hero

Photo: Britta Pedersen-Pool (Getty Images) Is Elon Musk really that’s bad? That’s both a question posed to me quasi-regularly from strangers who hear I cover climate change, as well as the title of a New York Times op-ed posted last weekend from technology columnist Farhad Manjoo. As the tech billionaire lives to buy Twitter, his … Read more

Musk Goes to Big Tech and Saudis for Twitter Deal Funds

Musk Goes to Big Tech and Saudis for Twitter Deal Funds

Photo: Anthony Behar/Sipa USA (PA) There’s a sudden squall of something off-smelling coming from Tesla CEO Elon Musk’s planned $44 billion Twitter deal. Tea prolific tweeter has already pushed the bounds of verbal agreements surrounding the Twitter buyoutbut now that a new round of funding has come down the pike, some are questioning just how … Read more

Elon Musk lays out big plans for transforming Twitter. Here’s what we know so far – National

Elon Musk lays out big plans for transforming Twitter.  Here’s what we know so far – National

Tesla CEO Elon Musk has laid out some bold, if still vague, plans for transforming Twitter into a place of “maximum fun” once he buys the social media platform for $44 billion and takes it private. But enacting what at the moment are little more than a mix of vague principles and technical details could … Read more

Why is Elon Musk buying Twitter? What you need to know about the $44-billion deal

Why is Elon Musk buying Twitter?  What you need to know about the -billion deal

Elon Musk reached a deal to acquire Twitter Inc. TWTR-N for US$44-billion on Monday when the social-media platform agreed to his offer of US$54.20 a share in cash. Twitter will now become a privately held company. Why does Musk want to buy Twitter? The Tesla and SpaceX chief executive officer, an avid Twitter user, has … Read more

Twitter co-founder Jack Dorsey takes aim at board in series of tweets as it weighs Elon Musk’s takeover offer

Twitter co-founder Jack Dorsey takes aim at board in series of tweets as it weighs Elon Musk’s takeover offer

Twitter CEO Jack Dorsey speaks during a town hall at the Indian Institute of Technology, in New Delhi, India, on Nov. 12, 2018.ANUSHREE FADNAVIS/Reuters Twitter Inc TWTR-N co-founder Jack Dorsey took aim at the social media company’s board in a series of tweets late on Monday as it weighs Elon Musk’s $43-billion takeover offer. Dorsey, … Read more