A series of financial filings published on Tuesday has revealed that Tesla CEO and world’s richest man Elon Musk has sold 7.92 million shares of Tesla, worth approximately $6.88 billion. The SEC filings show Musk’s transactions took place between August 5 and August 9, soon after the electric vehicle company’s 2022 annual shareholder meeting on […]
SpaceX, which was founded in 2002 by Elon Musk, has completed its first-ever launch to polar orbit for its Starlink internet network, enabling complete coverage of Earth. On Sunday, a SpaceX Falcon 9 rocket lifted off from the Vandenberg Space Force Base in California to deliver 46 Starlink satellites into low-Earth orbit. “These polar launches […]
Elon Musk’s offer to purchase Twitter caused investors to pummel Tesla, gouging out billions of dollars in Tesla’s market value. Investors doubted he could run both companies equally well, let alone all of his other holdings.
The move comes after Musk warned earlier this month that he has a “super bad feeling” about the economy amid record-high inflation. In a memo to executives, titled “pause all hiring worldwide”, Musk said that around 10% of jobs at Tesla need to be cut, though he added that the company would be increasing hourly […]
Elon Musk has shared a dose of bad news for his electric vehicle company Tesla, explaining that its new factories in Germany and the United States are losing billions of dollars due to battery shortages and supply disruptions in China. Musk referred to Tesla’s Berlin and Austin, Texas plants as “gigantic money furnaces.” "Both Berlin […]
In May of this year, Elon Musk's electric vehicle company Tesla sold 32,165 China-produced vehicles, including 22,340 for export. This is according to the China Passenger Car Association. In contrast, April of this year saw Tesla sell 1,152 vehicles and export none as the company’s Shanghai factory halted work for 22 days from late March […]
Tesla CEO Elon Musk has accused Twitter of committing a “material breach” of his $44 billion deal to buy the social media giant and has threatened to walk away from the deal altogether. As part of a dispute over the number of fake accounts on Twitter, Musk’s lawyers have written to the social media company, […]
“What’s next?” tends to be the question on everyone’s lips during a company takeover. New ownership often brings new promises, new ideas and new ways of doing things. All of this has the potential to deliver momentous change, creating excitement and trepidation in equal measure, and fuelling second-guesses about what the future might hold. Attention […]
Tesla CEO Elon Musk has seen $46.4 billion wiped off of his net worth, according to the Bloomberg Billionaires Index. Meanwhile, Amazon founder Jeff Bezos is down $53.2 billion, and Microsoft co-founder Bill Gates has seen a $15.1 billion loss. At the time of writing, Forbes estimates Musk’s net worth to stand at $230.1 billion, […]
According to The Verge and CNBC, Shotwell, who joined the spacecraft company in 2002, sent an email to all SpaceX employees titled “the recent news story”, in which she defended Musk: “Personally, I believe the allegations to be false; not because I work for Elon, but because I have worked closely with him for 20 […]
Musk’s tweet, which soon went viral, came just two days after the Tesla CEO acquired Twitter in a $44 billion deal. “Next I’m buying Coca-Cola to put the cocaine back in,” Musk wrote, referring to the drink’s original 1886 recipe when it was a tonic for various ailments. Musk also shared a screenshot of a […]
The deal was shaken upon on Monday following weeks of speculation about Twitter’s future after Elon Musk’s emergence as the platform’s largest single shareholder on 4 April. On 14 April, Musk announced a takeover bid, offering $54.20 per share in the social media giant. Though initially opposed to the takeover, Twitter’s board warmed to the […]
CEO Today Online and CEO Today magazine are dedicated to providing CEOs and C-level executives with the latest corporate developments, business news and technological innovations.
