Elon Musk
Here’s the email Elon Musk sent all Tesla employees about 10% head count reduction
Tesla Inc CEO Elon Musk attends the World Artificial Intelligence Conference (WAIC) in Shanghai, China August 29, 2019. Aly Song | Reuters Tesla CEO Elon Musk said in an email to all employees at the electric vehicle maker on Friday that the company will cut 10% of salaried workers and will instead rely on more […]
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‘Lots of luck on his trip to the moon’: Biden shrugs off Elon Musk’s economic fears, touts Ford investments
President Joe Biden on Friday brushed off Tesla CEO Elon Musk’s reported “super bad feeling” about the U.S. economy, while praising some of Musk’s competitors for expanding their investments in electric vehicles. Biden then took a dismissive-sounding swipe at Musk, a frequent critic of his administration. “Lots of luck on his trip to the moon,” Biden […]
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Tesla shares dip on Elon Musk’s plans to cut workforce
Elon Musk, during an event at SpaceX headquarters in Hawthorne, California, U.S., on Thursday, Oct. 10, 2019. Bloomberg /Getty Tesla shares dipped about 6% on Friday on news that CEO Elon Musk plans for a hiring freeze and 10% job cuts at his electric vehicle and renewable energy venture. Reuters reported late Thursday on an […]
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Musk’s Twitter deal faces backlash from advocacy groups that are seeking to block it
Pavlo Gonchar | Lightrocket | Getty Images A dozen advocacy groups are launching a new campaign Friday aimed at blocking Tesla CEO Elon Musk’s $44 billion purchase of Twitter, warning he will degrade important safeguards on the platform if he’s allowed to take control. The Stop the Deal campaign, shared exclusively with CNBC, includes plans […]
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Stocks making the biggest moves premarket: Turning Point Therapeutics, Lululemon, RH and others
Check out the companies making headlines before the bell: Turning Point Therapeutics (TPTX) – The biopharmaceutical company’s shares more than doubled in premarket trading after agreeing to be acquired by Bristol Myers Squibb (BMY) for $76 per share in cash, or $4.1 billion. Turning Point specializes in cancer treatments. Lululemon (LULU) – Lululemon shares rose […]
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Elon Musk feels ‘super bad’ about economy, needs to cut 10% of Tesla jobs
Tesla CEO Elon Musk has a “super bad feeling” about the economy and needs to cut about 10% of jobs at the electric carmaker, he said in an email to executives seen by Reuters. The message, sent on Thursday and titled “pause all hiring worldwide”, came two days after the billionaire told staff to return […]
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Tesla monitored its employees on Facebook with help of PR firm during 2017 union push
An aerial view shows the Tesla Fremont Factory in Fremont, California on February 10, 2022. Josh Edelson | AFP | Getty Images In 2017 and 2018, as some workers sought to form a union at the Tesla factory in Fremont, California, Elon Musk’s electric vehicle company was paying a consultancy, MWW PR, to monitor employees […]
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5 things to know before the stock market opens Thursday
Here are the most important news, trends and analysis that investors need to start their trading day: 1. Stock futures rise as Wall Street tries to rebound from Wednesday’s losses A trader works on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York, April 11, 2022. Andrew Kelly | Reuters […]
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Elon Musk reportedly tells Tesla workers to return to the office full time or resign
Elon Musk has reportedly told Tesla employees to come back into their respective offices at least 40 hours a week or leave the company. In two emails obtained by Electrek, Musk said that people must show up for at least 40 hours per week in a main Tesla office. “If you don’t show up, we […]
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Binance raises $500 million fund to invest in ‘Web3’ as crypto slides into bear market
Binance is the world’s biggest cryptocurrency exchange, handling $490 billion of spot trading volumes in March 2022. Akio Kon | Bloomberg | Getty Images Binance, the world’s largest cryptocurrency exchange, is launching its own venture capital fund. The company’s venture arm, Binance Labs, said Wednesday it has raised $500 million for its debut start-up fund, […]
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