Tag: Elon Musk

International Technology

Twitter Will Reduce Its strength By 75% Ahead Of Elon Musk’s Deal

HT News

Twitter Inc will see a mass layoff of nearly 75% of 7,500 workers according to the Washington Post report. The report said that Tesla Chief Elon Musk updated the prospective investors in his deal to buy the social media company about his plans to cut short the company’s employees.

HIGHLIGHTS

• Elon Musk plans to fire 75% of Twitter employees
• Twitter human resources staff denied any mass layoffs
• The Washington Post reported job cut was planned much before Elon Musk’s deal

What Was The Washington Post Report About Twitter?

According to The Washington Post report, Twitter planned to pare its payroll by about $800 million by the end of next year. And this number shows the departure of nearly a quarter of the workforce. But the human resources staff of the company has assured the employees that the company wasn’t planning for mass layoffs.

Elon Musk Say About The Twitter Deal

The Washington Post report mentioned the documents that show job cut plans were already in place before Elon Musk offered the deal. According to the report, the social media company wanted to reduce staff to cut down on infrastructure costs. Reuters requested Twitter for a comment on the report but Twitter didn’t respond.

What Is The Status Of The Twitter Deal?

Elon Musk tried to walk away from the deal alleging Twitter understated the number of bots and spam accounts on the social media platform. It started a series of lawsuits between the two parties. Finally, Elon Musk reversed the course and decided to go ahead with the deal.

Source:- https://bit.ly/3gtbXPP

… Read the rest

International News & Politics

Are You Voting On Elon Musk’s Proposed Peace Plan To End Ukraine War?

HT News

Tesla Chief Elon Musk suggested a peace plan for the Ukraine war and asked Twitter users to vote ‘yes’ or ‘no’ on the plan. But his peace plan drew flak from Ukraine and the west for being pro-Russian. Ukrainian President Volodymyr Zelensky himself responded to the plan through a tweet.

HIGHLIGHTS

• Elon Musk suggested Crimea be recognized as Russia and Ukraine remain neutral
• He even proposed UN-supervised elections in regions occupied by Moscow
• Ukrainian President Volodymyr Zelensky responded to Mush with his poll

What Did Elon Musk Suggest To End Ukraine War?

Elon Musk Suggest To End Ukraine War

Billionaire Elon Musk proposed that Crimea which Moscow annexed in 2014 be formally recognized as a part of Russia. Also, the water supply to Crime was restored and Ukraine remained neutral. Twitter users could vote ‘yes’ or ‘no’ on the plan.

He posted another tweet saying “Let’s try this then: the will of the people who live in the Donbas & Crimea should decide whether they’re part of Russia or Ukraine.”

The world’s richest person also weighed in favor of UN-supervised elections in the four occupied regions that Russia annexed through referendums. But the votes were denounced by both Ukraine and western nations as illegal and coercive. But Musk tweeted that Moscow would leave if that was the will of the people.

Musk said that he was more concerned about millions of people dying unnecessarily for an essentially identical outcome. He further maintained victory for Ukraine was unlikely in total war as Russia had 3 times the population of Ukraine. He wrote that if people cared for … Read the rest

Technology

See Who Is Tesla Chief Is Talking To In India

HT News

Tesla Chief Elon Musk is a prolific user of Twitter with 103 million followers and he tweets over 30 times a day to all those following him. But there is one person, who can boast of having a candid conversation about plenary conquest with Musk.

Meet Pranay Pathole….

Mr. Pathole Meet Elon Musk

The 23-year-old Indian software engineer from Pune is a friend of the world’s richest man. And their friendship isn’t a recent one. It has blossomed over the years. Mr. Pathole was just a teenager when Elon Musk started replying to his tweets. Mr. Pathole lives with his parents in an upper-middle-class home in Pune. Like Elon Musk, Mr. Pathole is also an ardent user of Twitter. He works in Tata Consultancy Services.

How Did They Become Friends?

It started in 2018 when Mr. Pathole then 19 pointed out a flaw in Tesla’s automatic windshield wipers. And to his surprise, Elon Musk replied “fixed in next release”. It was a software update that the world’s richest man with a net worth of $266 billion was updating for.

Mr. Pathole said that he was blown away by seeing Musk replying to his tweets. Afterward, Elon Musk started replying to Mr. Pathole’s tweets and also private messages with headline-making company updates.

When Did Mr. Pathole Meet Elon Musk?

Mr. Pathole Meet Elon Musk

Mr. Pathole met Elon Musk on his overseas trip to the US for a master’s degree in business analytics at the University of Texas at Dallas. He took sweets for Elon Musk and hoped to get his degree and work experience. He even tweeted a picture of him with Elon Musk and the Tesla Chief liked that picture. Mr. Pathole called Elon Musk an unpredictable guy. Also, … Read the rest

International News & Politics

Is Google Co-Founder Divorcing His Wife For Elon Musk?

HT News

Tesla owner Elon Musk reacted to a Wall Street Journal report that alleged he had an affair with the wife of Google co-founder Sergey Brin. But Elon Musk denied the allegation saying that he and Sergey were friends and he had seen Nicole Shanahan twice in three years and both times with many other people around. Nothing romantic, Musk tweeted on the WSJ report.

HIGHLIGHTS

• WSJ alleged Elon Musk had an affair with Nicole Shanahan
• Sergey Brin had filed for divorce with Nicole Shanahan in January
• Elon Musk had also broken up with his singer girlfriend Grimes
• Tesla boss also apologized to Mr. Brin for the affair according to eyewitnesses

What Did Wall Street Journal Report About Elon Musk?

The WSJ reported that Elon Musk had an affair with Nicole Shanahan, wife of his friend and Google co-founder Sergey Brin. The report further said that the affair started with Musk meeting Nicole Shanahan at the Art Basel event in Miami in early December 2021. Art Basel is a multiday event attended by wealthy people from across the globe.

Did Elon Musk Apologize To Sergey Brin?

Elon Musk met Sergey Brin at a party on Sunday night where he dropped to one knee in front of Brin and apologized for the transgression. He even begged for forgiveness according to people at the party. Elon Musk has admitted that he met Sergey Brin at a party last … Read the rest

International News & Politics

Elon Musk Could Walk Away From Twitter Deal Due To This Reason

HT News

Elon Musk’s latest comments on the Twitter deal put his intentions of buying the social media giant in doubt. The Tesla and SpaceX exploration chief hinted at a “very significant” question about the number of fake users on the social network during the Qatar Economic Forum last month.

HIGHLIGHTS

• Elon Musk said he feared an abundance of fake accounts on Twitter
• The Tesla chief could end the deal by paying a $1 billion breakup fee
• Musk’s comments had a direct impact on Twitter shares that sled further

Why Is Elon Musk Concerned About Fake Accounts On Twitter?

The richest man in the world had previously said that he could walk away from the Twitter deal over concerns of fake accounts on social media. Also, he believes that fake accounts are abundant. But Musk has been unable to find the percentage of fake accounts despite being given access to internal data.

Twitter executives peg the percentage of fake accounts at less than 5% but Elon Musk believes the number to be much higher than what is claimed by Twitter executives.

What Did Elon Musk Say About The Twitter Deal?

Elon Musk Say About The Twitter Deal

A Washington Post report cited an anonymous source saying that Musk’s team is looking for a “change in direction”. Earlier Elon Musk raised his concerns about fake accounts via a video link to the Qatar Economic Forum last month. He said the Twitter deal was held up by “very significant” questions about the number of fake Twitter accounts.

How Did Share Market React To Musk’s Comments?

Washington Post reported that Twitter shares further lowered after Musk’s comments on ending the deal if the fake … Read the rest

Business News & Politics

Is Death Under Mysterious Circumstances Just Another Tweet By Elon Musk?

HT News

Tesla CEO Elon Musk in his latest tweet said about dying under “mysterious circumstances”. And it is the first time that he has indicated a risk to his life and his followers are connecting his fear to the Ukraine war.

HIGHLIGHTS

• Elon Musk tweets about death under “mysterious circumstances”
• His company SpaceX Starlink is providing military communication equipment to Ukraine
• Speculations are that he faces threat from Russia for helping Ukraine
• The post elicited mixed responses from Twitter users

What Is Disturbing In His Tweet?

Musk said that he would be held responsible for supplying the fascist forces in Ukraine with military communication equipment. He further said that he will be held accountable like no adult – no matter how much he would play the foo.

What Is The Truth Behind Russian Threat?

The communication equipment Musk talked about in his tweet was delivered by the Pentagon, the headquarters of the US Department of Defense. But Musk activated his SpaceX’s Starlink satellite broadband service in Ukraine after a minister of the war-torn country reached out to Musk.

How Are People Responding To Musk’s Tweet?

Most people are connecting his tweet to the recently concluded deal of Twitter. Elon Musk has bought the micro-blogging site Twitter for $44 billion and people are saying that he is bothered by the … Read the rest

News & Politics Technology

Elon Musk Buys Twitter At $44bn But The World Isn’t Happy

HT News

Elon Musk finally sealed the Twitter deal at $44bn to get control of the social network with more than 200 million users and growing. Tesla chief who has a frequent critic of Twitter in the past said that the platform had not lived up to its potential as a platform for “free speech”.

How The Twitter Deal Finalized?

On 4 April, Elon Musk emerged as the single largest shareholder of the social media group. On 14 April, he offered to buy all Twitter shares for $54.20 each in a takeover bid. But the Twitter board opposed the attempt by making it expensive for Elon Musk. But the initial transaction faded after shareholders warmed to Musk’s offer of putting $21bn of his own money and taking rest of the amount as loan from financial institutions including Morgan Stanley. Twitter confirmed the sale and said that it would be closed in 2022.

History Of Twitter

Launched in 2006, Twitter boasts of 217 million daily active users and a market cap of nearly $40bn. But its co-founder Jack Dorsey stepped down as CEO in November 2021. He made the chief technology officer Parag Agrawal as an acting executive. Elon Musk started tweeting about his interest in buying the company as early as 2017. With 83m followers, he is a prominent user of the app.

How Elon Musk Want To Reshape Twitter?

Elon Musk Buys Twitter At $44bn

Soon after finalizing the deal, Elon Musk announced his objective of buying Twitter. He said that he wanted to improve its functions by adding new features to it. He would make the algorithms open source to build trust, beat the spam bots, and authenticate all humans.

What … Read the rest

Business News & Politics Technology

Tesla Delays Launch Of New Models Amid Supply Chain Woes

HT News

While rising demand for electric vehicles has increased Tesla’s profit to a record $5.5 billion in 2021, the electric carmaker calls it a bigger feat as it made 87% deliveries and scored a 71% ($53.8 billion) rise in revenues despite the global semiconductor shortage.

No Immediate Relief From Supply Chain Woes To Tesla

No Immediate Relief From Supply Chain Woes To Tesla

In a press release, Tesla stated that the company planned to boost production to achieve the target of 50% annual growth. But it maintained that the stability of the supply chain would play a crucial role in the growth.

Tesla’s press release further stated that their factories had been running below capacity due to supply chain anomaly and that the problem would continue in 2022.

Elon Musk Has Hope

Elon Musk Has Hope

Musk said that the new semiconductor capacity could plug the demand and supply gap by the end of 2022 or early 2023. But he also hinted at other issues that could surface in 2022. Elon Musk was speaking to analysts and investors during a conference call.

No New Products This Year

Elon Musk's Tesla Rides

The decision to roll out new products has to be deferred due to supply chain issues. But the company would work on its electric pickup “Cybertruck” for its possible launch in 2023. Musk added that had the company added new models in 2021, that would have resulted in lower production. About the $25,000 electric vehicle that Musk had previously discussed, he said that the product was not in the new models.

New Factories

Tesla is busy ramping up its facilities in California and Shanghai. Also, the work in new factories in Germany and Texas is going in a full swing. In 2021, … Read the rest

International News & Politics Technology

Tim Cook Speaks Up His Mind Over Elon Musk, Tesla, Parler App, And The Capitol Attack

HT News

Tim Cook held a long talk with the New York Times “Sway” podcast where he spilled beans over the claim of Elon Musk selling Tesla to apple, blocking controversial Parler social media app, and much more.

Here’re excerpts of that interview….

Tim Cook has been worked in different capacities with Apple Inc. in his 23 years career. He remained CEO of the company for nearly a decade

On Elon Musk and Tesla

Tim Cook said that he thought that Tesla had done an unbelievable job of establishing and keeping the lead for a long time in the EV space. He didn’t give any hint on buying Tesla but said that they investigated many things internally and many of them never saw the light of day.

On removing Parler from the App store

Tim Cook said that that was a straightforward decision because the app weren’t adhering to the guidelines of the App Store. He said that one couldn’t incite violence or allow people to incite violence. He further said that he hoped that the app would come back.

On social media attack on the Capitol

Tim Cook said that he was deeply worried about the amplification of social media as a targeting tool to spread misinformation or extremist sentiments. For the Capitol attack, he said that it was the darkest day in their history.

On data theft

Tim Cook said that he was appalled by that and for that reason, they came out with things like a privacy nutrition label. He said that they would improve that over time.

Source:- https://bit.ly/3wtxAD5

… Read the rest

News & Politics Technology

Why Does Elon Musk Want Investors To Sell Dogecoins?

HT News

Billionaire Elon Musk said tweeted on Sunday that he supported selling of dogecoin and gave reason that too much concentration in dogecoin was the real issue. Dogecoin is a meme-based digital currency and Musk is the supporter of cryptocurrencies. With his tweet, he sent a strong signal to major stakeholders of dogecoin.

How Elon Musk supports cryptocurrencies?

Being a big supporter of cryptocurrencies, Elon Musk had fueled retail investment in digital currencies through his tweets. He recently sent the shares prices of dogecoin on an upward trend. Similarly, he helped the video game chain GameStop record a high growth in its stock prices through his tweets.

Would Elon Musk accept payment in cryptocurrencies?

On February 8, Tesla Inc made an announcement about a recent purchase of $1.5 billion of digital currency bitcoin. Also, the Elon Musk owned company announced that it would soon start accepting payments for its cars in cryptocurrencies.

Source:- https://bit.ly/2N9NbG3

… Read the rest