Page 123 - Elon Musk

Elon Musk says won't fire 75% of Twitter staff as he finalises deal

Tesla CEO Elon Musk has told Twitter employees that he is not going to lay off 75 per cent of the workforce when he takes over the micro-blogging platform.

In call with bankers, Musk pledges to close Twitter deal by Friday

Elon Musk pledged to close the acquisition of Twitter Inc. by Friday in a video conference call with bankers helping fund the deal

Twitter employees warn Elon Musk amid news of mass layoff: Report

After reports emerged that Elon Musk is planning "to cut 75 per cent of Twitter staff", employees at the microblogging platform warned the tech billionaire that mass layoffs would be "reckless"

Banks to hold all $13-billion debt backing Twitter deal, says report

Musk agreed to pay $44 billion for Twitter in April before the Federal Reserve started raising interest rates to fight inflation

Twitter says no plans of company-wide layoffs after Musk's acquisition

Twitter Inc clarified to staff that there are no plans for company-wide layoffs since it signed a deal to be acquired by billionaire Elon Musk

Elon Musk plans to cut 75% of Twitter workforce after acquisition: Report

Elon Musk plans to lay off most of Twitter's workforce if and when he becomes owner of the social media company, according to a report on Thursday by The Washington Post. Musk has told prospective investors in his Twitter purchase that he plans to cut nearly 75 per cent of Twitter's employee base of 7,500 workers, leaving the company with a skeleton crew, according to the report. The newspaper cited documents and unnamed sources familiar with the deliberations. San Francisco-based Twitter and a representative for Musk attorney Alex Spiro did not immediately respond to messages seeking comment. While job cuts have been expected regardless of the sale, the magnitude of Musk's planned cuts are far more extreme than anything Twitter had planned. Musk himself has alluded to the need to cull some of the company's staff in the past, but he hadn't given a specific number at least not publicly. "A 75 per cent head count cut would indicate, at least out of the gates, stronger free cash fl

Recession could last until 2024, says Musk after remark on China, Europe

Tesla CEO said he thinks a recession will last until the spring of 2024, after earlier saying "a recession of sorts" in China and Europe was weighing on demand for its electric cars

Musk plans to cut Twitter workforce by 75% in a matter of months: Report

Elon Musk's plans for Twitter Inc. involve slashing its staff by nearly 75% in a matter of months, according to documents obtained by the Washington Post

Musk says overpaying for Twitter but it has 'incredible potential'

Admitting that he is "obviously" overpaying to acquire Twitter, Elon Musk has said that the micro-blogging platform has great potential in the long term.

Elon Musk says Tesla will be bigger than Apple. Analysts say not so fast

The electric-vehicle maker reported lackluster third-quarter results on Wednesday, with revenue and margins missing estimates even as profit beat.

Tesla aims to produce 50,000 Semi electric trucks in 2024: Elon Musk

Elon Musk-owned electric vehicle company Tesla is aiming to produce 50,000 Tesla Semi units per year in 2024

Tesla flags its cars not ready to be approved as fully self-driving this yr

Tesla Inc's advanced driver assistant software won't gain regulatory approval in 2022, CEO Elon Musk said

SpaceX could spin off Starlink as public company by 2025: Report

Tech billionaire Elon Musk could spin Starlink off from SpaceX and carry out an initial public offering by 2025, media reports said

SpaceX withdrew request for Pentagon to fund Starlink in Ukraine: Musk

Tech billionaire Elon Musk announced that SpaceX has withdrawn its funding request to the Pentagon to begin footing the cost for satellite internet services Starlink for Ukraine

Musk withdraws Pentagon funding request for Starlink Internet in Ukraine

SpaceX CEO Elon Musk on Monday said that the company will continue to fund the Starlink Internet service in war-torn Ukraine and that he has withdrawn the request for funding to the Pentagon

Musk's SpaceX seeks DoT's nod for Starlink broadband-from-space services

Bharti Group-backed OneWeb and Reliance Jio have already received DoT's approval for GMPCS licences

Ukraine envoy hopeful about fate of Elon Musk's satellite network

A Ukrainian diplomat expressed optimism Sunday about securing the money needed for the continued operation of a satellite network funded by billionaire Elon Musk that has provided key battlefield and humanitarian contacts in the war with Russia. It's there, it's working, said the envoy, Oksana Markarova. It will need to be working for a longer time. She did not indicate whether Musk had agreed to continue funding his rocket company SpaceX's Starlink internet service in Ukraine but said the country's collaboration with the company has been excellent. "We got the Starlinks in Ukraine very quickly, in some areas for humanitarian support, it's the only connection that we have," Markarova told CBS' Face the Nation. And it's very important to continue having it and I'm positive that we will find a solution there. On Friday, senior US officials confirmed that Musk had asked the Defense Department to take over funding for the service Starlink provides in Ukraine. Starlink, which provides .

Can Bhavish Aggarwal's ambitious plans for Ola Electric challenge Musk?

Whether Ola Electric succeeds or not, Aggarwal's admirers seem to agree that he has turbo-charged the EV market, pulling in millions of investment dollars

SpaceX might keep funding satellite service in Ukraine, says Musk

Billionaire Elon Musk has suggested in a tweet that his rocket company SpaceX may continue to fund its satellite-based Starlink internet service in Ukraine. But Musk's tone and wording also raised the possibility that the irascible Tesla CEO was just being sarcastic. Musk frequently tweets jokes and insults and sometimes goes on unusual tangents, such as a recent series of tweets suggesting that one of his companies has begun selling its own line of fragrances. It is not clear if SpaceX has actually established future plans for service in Ukraine. On Friday, senior US officials confirmed that Musk had officially asked the Defence Department to take over funding for the service Starlink provides in Ukraine. Starlink, which provides broadband internet service using more than 2,200 low-orbiting satellites, has provided crucial battlefield communications for Ukrainian military forces since early in the nation's defence against Russia's February invasion. "The hell with it even though .

Russia trying to kill Starlink internet services in Ukraine: Musk

Tesla and SpaceX CEO Elon Musk said that his Starlink is the only internet service left in Ukraine, and Russia is actively trying to kill it too