Nuked This week in Elon, the verge’s occasionally revived newsletter for when there’s too much Elon news. But what’s happening right now feels worth digging into more deeply.
On Tuesday, Musk demanded Tesla employees come back to the office or’pretend to work somewhere else’. He’s also looking to cut about 10 percent of Tesla’s workforce, Reuters reported this morning. Musk’s’Super bad feeling’ about the economy, and all I’m saying is I do n’t want to do layoffs, so I’m going to make you miserable enough to quit would not be a particularly off-brand management tactic for Musk.
President Joe Biden said’lots of luck on his trip to the moon’. Musk responded:’Oh, thanks Mr President!’.
Musk tweeted that he’s pushing Tesla’s ai day to September 30th. He’s hoping to have a working prototype of the Optimus robot by then.
Twitter bought 9.2 percent of its shares on April 4th of this year. Musk was just an investor, then he decided against it because he decided he wanted to buy Twitter instead. Twitter’s board initially was n’t interested and deployed a poison pill, then decided, let’s sell – something fiduciary responsibility to shareholders.
Musk is on the hook for Twitter at $ 54.20 a share. He sold $ 8.4 billion of his Tesla shares to finance the thing.
Twitter continues to remind Musk that they signed a contract with lawyers. It has cleared what’s known as the Hart-Scott-Rodino waiting period.
Tesla’s stock is down almost 40 percent since April 4th. Twitter’s competitors like meta and Snapchat are down between 15 and 65 percent since then. To quell some of the Tesla panic, he even promised to put up another $ 6 billion of his own money instead of borrowing it against his shares.
The financial details of musk’s Twitter takeover might not be changing, but the world around them is still uncertain. Uncertainty is everywhere right now, and we’re edging closer to another presidential election season, and I do n’t know, the metaverse is a thing?.
Elon Musk continues to deny the allegations loudly and repeatedly, saying things about hiring a’hardcore litigation Department’. You’ve got to wonder if he watched the circus of the depp-heard defamation trial and started making a list of targets in his head.
The SEC is also investigating the way Musk filed investment paperwork. But you know what, never mind, the SEC will fine him like $ 60.
Musk is the richest person on the planet to own one of our most important social networks. But will he be good for Twitter?.
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