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The Latest Breaking News from Elon Musk

Elon Musk closes in on Twitter takeover

Nothing is ever easy when it comes to this deal.

Axios

Tim Culpan: Musk gutting Twitter would be a threat to us all

With Elon Musk on the verge of taking over Twitter Inc. comes news that he plans to gut its workforce, with cuts of up to 75%. That should be a worry not only to the platform’s staff and users, but for those who care about the flow of information crucial…

Tribune News Service

Tesla And Other EV Makers From Benzinga's Most Accurate Analysts

The U.S. is reportedly in discussions to subject Elon Musk’s companies to national security reviews . Tesla Inc’s (NASDAQ: TSLA) CEO has also been locked in a battle over buying Twitter Inc. (NYSE: TWTR).

Benzinga

From analysis to the latest developments in health,
read the most diverse news in one place.

White House denies talk of national security review of Elon Musk ventures

Report cites concerns over foreign investors funding Twitter takeover and increasingly strategic role in Ukraine of Starlink

The Guardian - UK

Twitter Rebuffs Elon Musk Layoff Plans Report, Toyota Cuts 2023's Production Target, Vaccine Makers Expect 3x Price Increase In COVID-19 Shot: Top Stories Friday, Oct. 21

Bloomberg

Benzinga

Elon Musk’s Twitter deal could bring massive layoffs, putting its future at risk

If the Tesla boss becomes owner of the social media company, he plans to lay off 5,625 people, according to a report

Evening Standard

Tesla Model Y Gets Two New Multi-Layered Paints From Giga Berlin

In Germany, the Quicksilver paint is a €3,000 option, while Midnight Cherry Red costs €3,200; their precursors were cheaper at €1,600 and €2,000, respectively.

InsideEVs

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Why Snap Shares Are Trading Sharply Lower; Here Are 25 Stocks Moving Premarket

Gainers Statera Biopharma, Inc. (NASDAQ: STAB) rose 40.9% to $0.2160 in pre-market trading. Statera Biopharma recently signed a binding Memorandum of Understanding with Holobeam Technologies Inc.

Benzinga

From Trump to Kanye and Musk: why are the super-rich buying social media sites?

Twitter and other platforms allow the ultra-wealthy to act as political gatekeepers, transforming both politics and society

The Guardian - US

US Stock Futures Signal Lower Start On Wall Street; Verizon, American Express Earnings In Focus

Pre-open movers U.S. stock futures traded lower in early pre-market trade on Friday after closing lower in the previous session. The Dow Jones dropped by 90 points on Thursday. US initial jobless claims declined by 12,000 to 214,000 in the week ending October 15th, compared to market estimates of 230,000.

Benzinga

Elon Musk would cut 75% of Twitter workforce, according to report

Washington Post says the move would leave the company with a skeleton crew

Wales Online

Elon Musk To Lay Off 75 Per Cent Of Staff If He Takes Over Twitter?

As per Variety, Musk informed potential investors in the Twitter deal that he intended to lay off about 75 per cent of the social media company's 7,500 employees. Read more on Dynamite News:

Dynamite News

US mulls security reviews for Elon Musk deals, including Twitter buy

WASHINGTON: Biden administration officials are discussing whether the US should subject some of Elon Musk’s ventures to national security reviews, including the deal for Twitter Inc and SpaceX’s Starlink satellite network, according to people familiar with the matter.

The Times of India

Report: Elon Musk plans to cut 75% of Twitter workforce

Elon Musk plans to lay off most of Twitter's workforce if and when he becomes owner of the social media company

The Independent UK

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The Guardian - US

Elon Musk plans to cut 75% of Twitter staff if he takes over company – report

The news comes at a difficult time for the company, which had announced hiring freezes and has seen low employee morale

InsideEVs

Elon Musk: Tesla Semi Production Target Is 50,000 Units In 2024

During the Q3 2022 earnings call, Tesla's CEO Elon Musk revealed several interesting things about the upcoming launch of the Tesla Semi Class 8 electric truck.

Tribune News Service

Elon Musk says Tesla will be bigger than Apple. Analysts say not so fast

Elon Musk sees Tesla Inc. becoming bigger than the combined valuation of Apple Inc. and Saudi Aramco one day. Wall Street is saying, not so fast.

The Independent UK

Top agent leads calls to have Kanye West’s music banned as rapper calls Biden ‘ret***ed’

Rapper also walked out of Piers Morgan interview before returning to finish it

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news in one place.

100's of premium titles.
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InsideEVs

Tesla 4680 Cell Production Ramping Quickly, Won't Impact Cybertruck

Tesla's 4680-cell production has been off to a slow start, but the company says it has more than enough batteries for all vehicles present and future.

Al Jazeera

Tesla stock down on growth worries

Investors are wary that the electric car maker may miss its growth targets due to inflation and logistical challenges.

Benzinga

Why These 5 Tesla Analysts Have Mixed Views On Q3: 'We Were Prepared For An Earnings Miss'

Tesla Inc (NASDAQ: TSLA) reported record revenue, operating margins and free cash flow in the third quarter.

StockNews.com

2 Stocks That Aren't for the Faint Hearted

Since interest rate increases look all set to persist and the economy is expected to witness recessionary pressures, stocks with poor fundamentals could struggle to find support. Therefore, avoiding fundamentally weak stocks Snowflake (SNOW) and Twitter (TWTR) could be wise, as they might keep losing. Read on….

Benzinga

Higher Rates vs. Q3 Earnings

Good Morning Everyone! Remember, in the short-term there's always a reason to sell. But we’re not short-term players.

InsideEVs

Tesla Semi's 500-Mile Range Is Calculated With Cargo, Says Musk

The Tesla Semi aims to transition the trucking industry, but it has to have enough range and fast-charging capacity for it to make sense in many use cases.

Radio France Internationale

European Space Agency to hitch ride on SpaceX rockets

The European Space Agency is having trouble with the latest generation of Ariane rockets, which will not get off the ground before late 2023. The delay means the European effort to compete with Elon Musk's cut-price SpaceX launcher is losing altitude. In fact, ESA on Thursday announced plans to use…

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