Elon Musk Doubles Down on Recession Fears, Says It Is ‘Inevitable’

Looming fears of an economic recession have plagued Wall Street and the country as a whole, and billionaire Elon Musk’s latest comments will not help to ease any worries. In an interview with Bloomberg At the Qatar Iconic Forum in Doha on Tuesday, the Tesla and SpaceX CEO spoke about the possibility of an upcoming … Read more

Tesla Slammed with Lawsuit By Former Employees After Mass Layoffs

Things are continuing to tense up between Elon Musk and some former Tesla workers. A new lawsuit was filed by former employees this month claiming their dismissal violated federal law. Xiaolu Chu | Getty Images The class-action lawsuit was filed by John Lynch and Daxton Hartsfield, former Tesla gigafactory workers in Nevada who were let … Read more

‘If They’re Not Getting Useful Things Done … Why Are They At The Company?’

Since Elon Musk’s bid to acquire Twitter for nearly $ 44 billion in April, the billionaire has yet to speak directly to the company’s employees – until now. Musk, who is the majority shareholder of Twitter, owning roughly 10% of Twitter’s total shares, spoke in a moderated, virtual town hall meeting with Twitter’s employees on … Read more

Jabil, Commercial Metals, Tesla and more

Check out the companies making headlines before the bell: Jabil (JBL) – The contract electronics manufacturer saw its stock rise 1.2% in premarket trading after beating top and bottom-line estimates for its latest quarter. Jabil earned an adjusted $1.72 per share, 10 cents above estimates, and said it continued to see solid demand from its … Read more

Elon Musk Will Speak to Twitter Employees at Meeting on Thursday

Since Elon Musk announced his bid to acquire Twitter for an estimated $ 44 billion back in April, there have been rumblings about disgruntled employees and worried shareholders, with some investors even suing the billionaire for not disclosing his shares in the company when they allege he should have. . NDZ | Star Max | … Read more

Elon Musk Getting Twitter Fire-Hose Data Raises Privacy Concerns

Elon Musk’s never-ending An attempt to take over Twitter has taken yet another weird turn as the social media platform appears to have acceded to the entrepreneur’s request to gain access to a “fire hose of” internal data held by the company. For weeks, Musk has pressed Twitter to provide data that would allow the … Read more

Elon Musk’s Twitter deal threats put new financing on ice, sources say

Elon Musk’s Tweet displayed on a screen and Twitter logo displayed on a phone screen are seen in this illustration photo taken in Krakow, Poland on April 14, 2022. Jakub Porzycki Nurphoto | Getty Images Elon Musk’s efforts to arrange new financing that will limit his cash contribution to his $ 44 billion acquisition of … Read more

Elon Musk says offering is ‘3 or 4 years’ away

SpaceX CEO Elon Musk stands at the base of a Starship rocket prototype at the company’s facility in Boca Chica, Texas. Steve Jurvetson on flickr Elon Musk last week told SpaceX employees the company isn’t likely to take its Starlink satellite internet business public until 2025 or later, CNBC has learned, extending the estimated timeline … Read more

Elon Musk Channels His Inner-Alec Baldwin – Commercial Observer

About a year ago, CO reported that the Durst Organization had gone all Alec Baldwin on its workforce: Get vaccinated, or you’re fired. It looks like Elon Musk has been watching”Glengarry Glen Ross” because this week an email leaked from the would-be social media tycoon to Tesla executives saying: “Remote work is no longer acceptable” … Read more

Tesla Is Cutting 10% of Workforce, Elon Musk Says He Has a ‘Super Bad Feeling’ About the Economy

Elon Musk made headlines earlier this week when a leaked email memo to employees revealed that he had told executives on his staff that they are required to start coming into Tesla offices at least 40 hours a week or risk termination from the company. SOPA Images | Getty Images It now looks like Musk’s … Read more