Tag: tesla twitter

Elon Musk’s Twitter Quest Turns Tesla’s Edge Into a Risk
16Nov By adminNo Comments
Technology

Elon Musk’s Twitter Quest Turns Tesla’s Edge Into a Risk

[ad_1] Many Tesla Inc. investors watched in dismay as Elon Musk plunged into a battle over buying Twitter that pulled his attention away from the electric-car maker. Many Tesla Inc. investors watched in dismay as Elon Musk plunged into a battle over buying Twitter that pulled his attention away from the electric-car maker. Now that the deal is done, some are fretting Twitter is an even bigger drag on Tesla than before.Tesla's stock has plummeted 46% this year, compared with a 28% drop for the Nasdaq 100 Index. However, unlike the megacap technology companies that have seen similar or bigger routs, such as Meta Platforms Inc., earnings estimates for Tesla are actually higher than they were a year ago. Many Tesla bulls see Musk's singular management style as the company's biggest edge ...
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Tesla Market Value Halves In a Year Rocked by Elon Musk Stake Sales
9Nov By adminNo Comments
Technology

Tesla Market Value Halves In a Year Rocked by Elon Musk Stake Sales

[ad_1] Elon Musk’s $3.95 billion sale of Tesla Inc. stock prolongs a rough period for investors in the electric carmaker, whose market value has halved in the past year. Elon Musk's $3.95 billion sale of Tesla Inc. stock prolongs a rough period for investors in the electric carmaker, whose market value has halved in the past year after becoming tied to the twists and turns of Musk's Twitter Inc. buyout. While the Tesla chief has repeatedly said he's done selling the shares, the latest sale brings total proceeds to about $36 billion. Musk began unwinding his holding a year ago, when his Twitter followers backed him trimming his stake in response to a poll. He still owns about 14%, according to Bloomberg data. “Musk selling stock again after saying he wouldn't can only leave the do...
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Twitter’s predicaments become Tesla’s problems
3Nov By adminNo Comments
Technology

Twitter’s predicaments become Tesla’s problems

[ad_1] The phrase “Twitter overhang” was inescapable among Elon Musk's biggest fans on the social media platform he started pursuing seven months ago. Tesla shares fell into a funk after Musk took a stake in Twitter, agreed to buy it and then tried to wiggle out of the deal. Bulls theorized that the stock would recover once the saga was over. Some even celebrated when the deal closed last week by selling merch with the words “Twitter Overhang Lifted” and an arrow pointing to the moon. So much for that. Tesla shares didn't react much after Musk clinched the acquisition, then took a whack along with much of the market Wednesday, when Federal Reserve Chairman Jerome Powell said the central bank will keep raising interest rates to tame inflation. The stock is now trading below where...
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Twitter engineers can no longer make changes to code
28Oct By adminNo Comments
Technology

Twitter engineers can no longer make changes to code

[ad_1] Elon Musk asked engineers from Tesla to meet with product leaders at Twitter, moving swiftly to make a mark on the company he’s about to take private. Elon Musk asked engineers from Tesla Inc., the electric-car maker he runs, to meet with product leaders at Twitter Inc., moving swiftly to make a mark on the company he's about to take private, according to people familiar with the matter. Earlier Thursday in Twitter's San Francisco headquarters, product leaders showed Tesla engineers the company's code, so they could assess and explain to Musk what the company needs, according to one of the people. Twitter's engineers can no longer make changes to code as of noon in San Francisco, the people said. That's part of an effort to ensure that nothing about the product changes ...
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