THE GUARDIAN: Fears that carmaker’s CEO may have to sell shares to fund $44bn acquisition of social network
Investors have wiped $126bn (£100bn) off Tesla’s value amid concern that Elon Musk may have to sell shares in the electric carmaker to fund his personal contribution to his $44bn acquisition of Twitter.
Tesla stock has been targeted despite the company not being involved in the bid but Musk, its chief executive and largest shareholder, is part-funding the Twitter deal with $21bn of his own equity and a further $12.5bn loan secured against his Tesla stake.
The 12.2% drop in Tesla’s shares on Tuesday equated to a $21bn drop in the value of his Tesla stake, equal to the cash stake he committed to the Twitter deal. » | Guardian staff and agency | Wednesday, April 27, 2022
Showing posts with label Tesla. Show all posts
Showing posts with label Tesla. Show all posts
Wednesday, April 27, 2022
Tuesday, April 26, 2022
Elon Musk Is a Problem Masquerading as a Solution
THE NEW YORK TIMES: It is a perfect marriage for an age of plutocracy: Twitter with its serious problems and Elon Musk, the embodiment of those problems. What happens when the incarnation of a problem buys the right to decide what the problem is and how to fix it?
Twitter has a disinformation problem — fake news about Covid vaccines, climate and more running buck wild across the platform. Mr. Musk has shown himself to be a highly capable peddler of dubious claims, whether putting out misleading financial information or calling the British diver who helped rescue trapped schoolboys in Thailand a “pedo guy.”
Twitter has a racism problem. Time and again, it has failed to consequentially answer the pleas of users of color to address the bigotry and harassment that are endemic for them. Tesla, the carmaker that Mr. Musk runs, has its own racism problem, with many workers complaining to the press and California’s Department of Fair Employment and Housing suing the company over an allegedly pervasive problem of racialized degradation. The agency recently described one of Tesla’s plants as “a racially segregated workplace” rife with slurs as well as discrimination “in job assignments, discipline, pay and promotion.” » | Anand Giridharadas * | Tuesday, April 26, 2022
* Anand Giridharadas is the author, most recently, of “Winners Take All: The Elite Charade of Changing the World.”
Tuesday, October 26, 2021
La maman d'Elon Musk: affirmée, stylée et au sommet de sa carrière à 73 ans
LE FIGARO : VU D'AILLEURS - Maye Musk est douze fois grand-mère, top model et auteure de best-sellers. À 59 ans, la mère du fondateur de Tesla Elon Musk a décidé de ne plus se teindre les cheveux et de changer radicalement de vie. Aujourd'hui âgée de 73 ans, sa vie est plus belle que jamais.
Plutôt hors du commun : à 73 ans, elle donne l'impression d'essuyer les traces du temps d'un simple disque de coton humide. «C'est vrai, les gens sont toujours surpris que je sois encore si belle à mon âge», lance Maye Musk, lorsque le magazine ICONIST la contacte par téléphone à New York. Dans son style vestimentaire aussi, elle va à l'encontre de tout ce que l'on classerait dans la catégorie des vêtements adaptés à sa tranche d'âge. Maye Musk privilégie les couleurs vives, les chemisiers transparents et porte ses cheveux gris très courts. » | Par Lena | jeudi 21 octobre 2021
Réservé aux abonnés
À LIRE AUSSI : Bertille Bayart: «Musk change tout et aussi la France de 2030» : CHRONIQUE - Emmanuel Macron a cité SpaceX, l’entreprise d’Elon Musk, dans la présentation de son plan d’investissement France 2030 mardi à l’Elysée. »
Auf Deutsch: Elons Mutter - Selbstbewusst, stilvoll und mit 73 auf dem Höhepunkt ihrer Karriere »
Tuesday, February 23, 2021
Elon Musk No Longer World’s Richest Person as Tesla Shares Fall
Elon Musk, the maverick boss of Tesla, is no longer the world’s richest person after shares in the electric car company dropped 8.6% on Monday, wiping $15.2bn (£10.8bn) off his fortune.
Musk, who last month leapfrogged Amazon founder Jeff Bezos to take the title of the world’s wealthiest person, dropped back into second place with a $183bn estimated fortune behind Bezos’ $186.3bn.
The 8.5% drop in Tesla’s share price on Monday – the sharpest one-day fall since September – was partly fuelled by Musk tweeting that the prices of bitcoin and other cryptocurrencies “do seem high”. Tesla’s shares were down a further 6% in pre-market trading on Tuesday. » | Rupert Neate, Wealth correspondent | Tuesday, February 23, 2021
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