Using Elon Musk as a textbook, we discuss why celebrity CEOs exhibit terrible governance policies. The key to corporate success is good corporate governance. Any CEO worth their salt is a humble leader with eager, engaged, and educated critics at board level to keep decisions in check. Inversely, ego, inexperience and unwavering control are red […]
Multi-billionaire Elon Musk is no longer the richest person in the world after he sold another 22 million shares, worth $3.6bn in his electric car maker Tesla.
Following the official $44bn takeover of Twitter, Musk said the move was "essential to defeat spam/scam". Currently, the blue tick symbol which appears next to a user's name is free. It is received after a short online application form and is reserved for high-profile users like celebrities and politicians. "Power to the people! Blue for […]
On Wednesday, Elon Musk caused a stir by tweeting that he was purchasing English football club Manchester United. Later, the Tesla billionaire tweeted again, informing his followers that it was a joke. Early Wednesday, Musk tweeted about his political affiliations and then added in a second tweet: "Also, I'm buying Manchester United ur welcome." The […]
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 […]
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