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The Latest Breaking News from Elon Musk

Twitter earnings miss estimates amid takeover battle with Musk

Twitter Inc. reported disappointing second-quarter sales on Friday, another blow to a company that is already fighting a high-profile legal battle with Elon Musk over the fate of the social network.

Tribune News Service

Twitter, in Musk Fight, Posts Surprising Drop In Revenue

Twitter reported a quarterly loss Friday and declining revenue caught Wall Street off guard with the number of people using the platform on the rise. The latest quarterly earnings figures offered a glimpse into how the social media platform has performed during a months-long negotiation with billionaire and Tesla CEO…

Asharq Al-Awsat

Did Tesla Crash the Bitcoin Market?

Electric vehicle company Tesla Inc (NASDAQ: TSLA) purchased $1.5 billion of Bitcoin (CRYPTO: BTC) in January 2021.

Benzinga

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Tesla May Lose Another Top Exec Over Suspicious Supply Order

Elon Musk's top lieutenant Omead Afshar may have to pack his bags if recent reports are true. There's not much info to go on yet, but Tesla is investigating.

InsideEVs

Twitter revenues fall amid legal battle with Elon Musk

Twitter has spent over $30 million on expenses relating to Elon Musk’s abandoned takeover

Evening Standard

Twitter blames Musk and ad market headwinds for declining revenue

Twitter’s share price could impact negotiations with Musk, if the two parties decide to settle their dispute out of court.

Axios

Twitter blames revenue slide on Elon Musk takeover uncertainty

Social media firm says 1% decline for three months to 30 June reflects uncertainty over acquisition bid

The Guardian - UK

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Elon Musk Calls Tesla's Prices "Embarrassing," Blames Inflation

Due to supply issues, inflation, and crazy demand for Tesla's cars, it keeps raising prices. Musk says inflation may fade, and the pricing situation may improve.

InsideEVs

'Is This The Real Life, Is This Just Fantasy?' Elon Musk Channels This Rock Band In Response To Tesla Earnings

Elon Musk, the CEO of electric vehicle manufacturer Tesla Inc. (NASDAQ: TSLA), responded to an article about the company's second quarter financial results with song lyrics and a meme depicting one of the most popular rock bands in history.

Benzinga

Benzinga Before The Bell: Snap's Dismal Earnings, Amazon's Healthcare Foray, Robinhood Moves 41B Dogecoin Into Single Wallet And Other Top Financial Stories Friday, July 22

Reuters

Benzinga

Why the success of a high growth business is never just down to the founder

The Elon Musk or Steve Jobs figure as the entrepreneurial hero solely responsible for the success of a company is a myth

Birmingham Post

Musk: Tesla's FSD Beta Program Has Racked Up Over 35 Million Miles

Tesla's FSD Beta program is active in over 100,000 cars, and it's generating an incredible amount of data thanks to over 35 million miles traveled to date.

InsideEVs

Elon Musk Reveals Tesla's Seat Belt Safety System Assisted By Vision

Tesla maintains its emphasis on safety, though due to its innovative ideas, some see Tesla's cars as a safety risk. However, this new feature is compelling.

InsideEVs

Elon Musk jokingly responds to memes of his shirtless vacation photos: ‘Free the nip!’

The Tesla CEO has weighed in on the social media response to his shirtless pics

The Independent UK

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InsideEVs

Tesla Reveals Huge Production Capacity Increase Across Global Factories

Despite global turmoil, Tesla continues to beat the odds. As it ramps up factories in Texas and Germany, production capacity stands to soar to new heights.

Tribune News Service

Tesla’s Musk signals optimism on end to ‘supply chain hell’

Tesla Inc. has been going through “supply chain hell,” but Elon Musk believes the electric-car maker stands a chance of emerging from it in the second half of the year.

InsideEVs

Tesla Giga Texas To Pass 1,000 Cars Per Week Soon

Tesla recently passed the 1,000-car-per-week milestone at its new Gigafactory in Berlin, Germany. Now it's time to pass the milestone in Texas as well.

Benzinga

Benzinga Before The Bell: Baidu Beats Tesla, Finland Sells $47.5M Bitcoins, Tesla's Bitcoin Sale And Other Top Financial Stories Thursday, July 21

CNBC

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InsideEVs

Tesla Dumped 75 Percent Of Its Bitcoin Holdings For $936 Million

In March 2022, Tesla still believed "in the long-term potential of digital assets both as an investment and also as a liquid alternative to cash."

InsideEVs

Tesla Sees Austin Making More 4680 Cells Than Pilot Line This Year

EV maker's Senior VP of Powertrain and Energy Engineering says Tesla fully installed 4680 cell equipment and produced its first sets of cells in Austin in Q2.

Irish Mirror

Twitter wins early victory in legal battle with Elon Musk as judge sets October court date

The legal dispute between Twitter and the world’s richest person stems from a collapsed deal that would have seen Musk acquire the social media company for $44 billion.

Benzinga

Dogecoin Loses Steam Again Despite Elon Musk's 'Upgrades' Tweet

Dogecoin (CRYPTO: DOGE) traded 3.5% lower at $0.07 over 24 hours leading up to early Thursday morning. DOGE fell lower in tandem with other major coins as the global cryptocurrency market cap dropped 3.8% to $1 trillion at press time.

The Guardian - US

A 17-minute flight? The super-rich who have ‘absolute disregard for the planet’

Kylie Jenner is far from the only celebrity to make short hops using private jets despite mounting concerns over the climate crisis

Evening Standard

Tesla sells 75% of Bitcoin investment in crypto U-turn

Elon Musk has a complicated relationship with cryptocurrency

InsideEVs

Tesla Cybertruck, Future Models To Get More Production Improvements

Elon Musk said on the Q2 2022 earnings call he's not quite ready to talk about future products now, but they will be "very exciting to unveil in the future."

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