Elon Musk

Musk is the latest in a growing chorus of commentators warning the US economy is set for a recession. Goldman Sachs -. Tesla chief executive Elon Musk said ...

“As to whether there is a recession in the near term, that is more likely than not,” he said. Goldman Sachs (NYSE:GS) economists earlier this year said they see a 30% probability of entering a recession within the next year, up from previous estimates of 15%. Tesla chief executive Elon Musk said a recession in the US 'is inevitable at some point” and' is more likely than not" in the near term.

Tesla CEO and billionaire Elon Musk said the U.S. economy will likely face a recession in the near term in an interview with Bloomberg on Tuesday, ...

Besides Musk, several other top business leaders in the U.S. have flagged concerns about an upcoming recession in the U.S. Speaking two days before the Fed’s rate hike, Morgan Stanley CEO James Gorman placed the odds of a recession at “50-50” up from an earlier prediction of 30%. Gorman, however, said that a “deep or long recession” was unlikely. The billionaire, however, remained non-committal about supporting Donald Trump’s candidacy, stating he was “undecided at this point.” The survey in question was conducted in May, several weeks before the Federal Reserve’s steep hike in interest rates, which heightened concerns about a downturn. Dimon said his bank is preparing for “bad outcomes.” Similarly, Wells Fargo CEO Charles Scharf in May said it will be “hard to avoid some kind of recession” but he did not expect it to be a deep recession. The measure was undertaken after data from the Labor Department showed that consumer prices in the U.S. were at a 40-year high with annual inflation surging to 8.6% in May. Previously, in an internal email to Tesla executives, Musk said he had a “super bad feeling” about the economy as he called for layoffs in the company.

Elon Musk, CEO of Tesla , said a 10% cut in salaried staff at the electric car maker will happen over three months, as the world's richest man predicted a ...

Register now for FREE unlimited access to Reuters.com And then will the shareholders vote in favour?" Register now for FREE unlimited access to Reuters.com Register now for FREE unlimited access to Reuters.com

Musk is seeking to buy Twitter for $44 billion, a mega acquisition with huge implications for the social media world. The fate of the deal has become more ...

"Will the debt portion of the round come together? And then will the shareholders vote in favor?" Whether or not Musk will get enough shareholder support for the buyout remains unclear. He has sold and pledged billions in Tesla shares as collateral for the loans. Public disclosures from Twitter place the number of false or spam accounts at less than 5% of its "monetizable" daily active users. The billionaire could face a $1 billion breakup fee and possibly even lawsuits if he were to abandon the deal.

Musk said Tesla will reduce its salaried workforce by 10% in the next three months, while also growing the number of hourly employees.

A recession in the near term is "more likely than not," he said. The company has also faced allegations of racism against Black workers. "Anything that relates to Tesla gets big headlines, whether it is a bicycle accident or something much more serious." Salaried workers account for about two-thirds of Tesla employees, he added. A report earlier this month from Reuters said Musk wanted to cut 10% of jobs, citing an internal email penned by the Tesla CEO. In the memo, Musk reportedly said he has a "super bad feeling" about the economy. Speaking at an event hosted by Bloomberg on Tuesday, Musk said Tesla would reduce its salaried workforce by 10% in the next three months, while at the same time growing the number of hourly employees.

Elon Musk confirmed the salaried workforce at Tesla Inc. would be cut by about 10% over the next three months, but said the overall reduction in the ...

Elon Musk confirmed the salaried workforce at Tesla Inc. would be cut by about 10% over the next three months, but said the overall reduction in the electric-car maker’s headcount would only be some 3.5% as hourly staff numbers are still expected to grow.

Elon Musk's transgender daughter has filed a request to change her name in accordance with her new gender identity and to sever ties with her father.

The petition for both a name change and a new birth certificate reflecting her new gender identity was filed with the Los Angeles County Superior Court in Santa Monica in April. It came to light recently in some online media reports. The former Xavier Alexander Musk, who recently turned 18, the age of consent in California, has asked the court to change her gender recognition from male to female and to register her new name, according to court documents available online through PlainSite.org. Elon Musk’s transgender daughter has filed a request to change her name in accordance with her new gender identity and because “I no longer live with or wish to be related to my biological father in any way, shape or form.”

Elon Musk says there are still a few “unresolved matters” about Twitter Inc., and is still waiting for a resolution on the matter of how many bots are on ...

While the crypto industry recovers, billionaire entrepreneur Elon Musk spoke at the Qatar Economic Forum, touching on the topic of crypto.

When investing, your capital is at risk. Investing is speculative. “I have never said that people should invest in crypto.

Musk, the chief executive officer of Tesla Inc. and SpaceX, reiterated his support of Dogecoin, a cryptocurrency created as a joke in 2013, on Tuesday. He noted ...

Elon Musk's transgender daughter has filed a request to change her name in accordance with her new gender identity and because 'I no longer live with or ...

A new initiative by Sexual Health Nova Scotia provides gender-affirming items to people free of charge. But as he turns 40 on Tuesday, William is making the biggest change yet: assuming an increasingly central role in the Royal Family as he prepares for his eventual accession to the throne. Jennifer Lopez and her child Emme Maribel Muniz, 14, are being praised for a recent duet, but not because of the music. 1 hr ago 4 hr ago 11 hr ago 1 hr ago 4 hr ago 3 hr ago 1 hr ago 4 hr ago 3 hr ago

In an email on June 2, seen by Reuters, Elon Musk told Tesla executives he had a "super bad feeling" about the economy and that the company needed to cut ...

And then will the shareholders vote in favor?” The most important thing was to take the company in the right direction, as at his private rocket company SpaceX and Tesla, he said. “Whether I am CEO is much less important than my ability to drive the product in the right direction,” he said. In an email on June 2, seen by Reuters, Musk told Tesla executives he had a “super bad feeling” about the economy and that the company needed to cut staff by about 10 per cent and “pause all hiring worldwide.” Speaking at the Qatar Economic Forum organized by Bloomberg, Musk said the cuts would apply only to salaried workers, meaning a 3.5 per cent reduction in total headcount, changes he described as “not super material.” His remarks were his most detailed explanation of job cut plans and his first in-person appearance since Reuters reported at the start of this month that the company needed to cut staff by about 10 per cent and was pausing hiring worldwide.

CEO Elon Musk said that means it's cutting around 3% to 3.5% of its total workforce. Musk's messaging around the cuts has been confusing at times. Get the ...

The pair say this violated the Worker Adjustment and Retraining Notification Act. Musk called the suit "pre-emptive," "trivial," and said it had "no standing." "We grew very fast on the salaried side and we grew a little too fast in some areas, and so it requires a reduction," he said.

She was given the name Xavier Musk at birth, but now wants her name to be Vivian Jenna Wilson. The last name was her mom Justine Musk's maiden name.

Elon was married to Vivian’s mom Justine between 2000 and 2008. The organization's president, Alphonso David, added in a separate statement: “Elon Musk’s tweet mocking pronouns is exactly the opposite of what inclusive leadership looks like today. It’s also decidedly out of step with the best practices we advise companies. “I cannot support hate. But five months later, in December 2020, the billionaire shared a cartoon of a soldier smearing blood on his face while wearing a hat with the slogan: “I love to oppress.” The cartoon had the caption: “When you put he/ him in ur bio.” In July of that year, Elon posted: “Pronouns suck” to his social media page, but deleted it after his on-again off-again girlfriend Grimes confronted him.

Elon Musk's transgender daughter filed a request to change her name in accordance with her new gender identity, claiming she does not want "to be related to ...

The petition for both a name change and a new birth certificate reflecting her new gender identity was filed with the Los Angeles County Superior Court in Santa Monica in April. It came to light recently in some online media reports. The former Xavier Alexander Musk, who recently turned 18, the age of consent in California, has asked the court to change her gender recognition from male to female and to register her new name, according to court documents available online through PlainSite.org. Elon Musk‘s transgender daughter has filed a request to change her name in accordance with her new gender identity and because “I no longer live with or wish to be related to my biological father in any way, shape or form.”

Twitter's board is recommending that shareholders approve the proposed $44 billion sale of the company to billionaire and Tesla CEO Elon Musk.

Shares of Twitter Inc. were essentially flat just before the opening bell Tuesday and far short of the $54.20 per-share that Musk has offered to pay for each. If the deal were to close now, investors in the company would pocket a profit of $15.22 for each share they own. In a filing with the U.S. Securities and Exchange Commission detailing on Tuesday detailing a litter to investors, Twitter's board of directors said that it “unanimously recommends that you vote (for) the adoption of the merger agreement."

One of Elon Musk's children has petitioned a California court to recognize her new name and gender, saying she no longer wishes to be related to her famous ...

The petition was filed by Xavier Alexander Musk, who turned 18 earlier this year and made the filing with a county court in Los Angeles soon thereafter. He has been criticized for some of his statements on Twitter regarding gender identity issues. : "I absolutely support trans, but all these pronouns are an esthetic nightmare."

Musk confirmed Tesla's salaried workforce will be cut by about 10 per cent over the next 3 months as hourly staff numbers grow. Read more.

“Basically, we need to build the factories faster,” he said. “Demand for our cars is extremely high and the wait-list is long,” he said. As for competition from the world’s leading automakers, Musk said Tesla doesn’t really think about possible rivals. Before sealing his deal to buy the social-media platform, Musk floated the idea of turning its San Francisco headquarters into a homeless shelter because “no one shows up anyway.” If you don’t show up, we will assume you have resigned.” Tesla, now headquartered in Austin, Texas, has grown to about 100,000 employees globally, hiring rapidly as it built new factories in Austin and Berlin. The cuts, which have affected human resources representatives and software engineers, caught many by surprise, with several employees told they were being terminated immediately.

Une fille d'Elon Musk a déposé une demande pour changer de nom de famille en même temps que de genre afin de couper tout lien avec son père.

Une fille d'Elon Musk a déposé une demande officielle pour changer de nom de famille en même temps que de genre afin de couper tout lien avec son père, selon des documents consultés mardi par l'AFP. Elle souhaite ainsi prendre le nom de jeune fille de sa mère, divorcée d'Elon Musk en 2008. Une fille d'Elon Musk change de nom pour couper tout lien avec lui

The 18-year-old has asked to be recognised as female and have the name Vivian Jenna Wilson. She was known as Xavier Alexander Musk. The ...

This controversial piece of legislation restricts schools from teaching students about sexual orientation and gender issues, with teachers opening themselves up to lawsuits should they fail to comply. He then said: "I absolutely support trans, but all these pronouns are an aesthetic nightmare." Last year he complained about people using their own pronouns.

Tesla Inc. Chief Executive Officer Elon Musk discussed his planned acquisition ofTwitter Inc., recession fears and the US presidential race with Bloomberg ...

Musk's comments, echoing other CEOs, are accompanied by plan to lay off 10% of Tesla's salaried staff.

“Tesla is reducing its salaried workforce by roughly 10% over the next probably three months or so,” Musk said at the event hosted by Bloomberg. “We expect to grow our hourly workforce. And then will the shareholders vote in favour?” “A recession is inevitable at some point.

Elon Musk's ex-wife tweeted about a conversation with her transgender daughter, saying she's proud of herself for being who she truly is.

Justine says her 18-year-old said, "I can't believe I'm as normal-seeming as I am," after having what she calls a "weird childhood." Justine replied, "I'm very proud of you," to which Vivian said, "I'm proud of myself!" Elon Musk's ex-wife is squarely in the corner of their daughter, saying she's proud of the 18-year-old ... amid her now very public rift with her father.

Twitter's board of directors urged shareholders to approve Elon Musk's $44 billion takeover. But Musk says "unresolved" issues remain.

In addition to the financial aspects of the Twitter deal, Musk fielded questions about what stance he would take on the nature of content that would be allowed on the platform. “There’s this big difference between freedom of speech and freedom of reach, in that one can in the United States go to the middle of Times Square and yell pretty much anything you want. “That is an appealing system to use.” Eventually, he said, the goal would be to get “80% of North America and half the world” onto Twitter, which would be a steep increase from the current level of 229 million daily active users. In an SEC filing this morning, Twitter warned shareholders that if the deal does not go through, “the price of our common stock may decline significantly.” The balance of the funding will come via a yet-to-be-finalized set of bank loans. “That’s probably not most users’ experience,” he said at the Qatar event, in which he took part virtually.

World's richest man says layoffs are underway at Tesla amid supply constraints and explains why he likes Dogecoin, in Bloomberg interview.

Tesla is moving ahead with plans to layoff about 10% of its salaried staff, CEO Elon Musk said Tuesday. But he also expects the company's overall workforce ...

on those comments, stating in tweets that "total headcount will increase, but salaried should be fairly flat." "A year from now I think our headcount will be higher in both salaried and obviously in hourly," he said. We grew very fast on the salaried side and we grew a little too fast in some areas, and so it requires a reduction in salaried work force."

As Twitter's board endorses his $44 billion bid, the billionaire Tesla chief says there are “a few unresolved matters” holding up the works.

Rounding out the three issues that “need to be resolved” before the Twitter buyout can be completed is the question of whether the debt financing for the deal will “come together,” Musk said at the forum. “I think I am undecided at this point on that election,” Musk said. Earlier this month, a Twitter spokesperson said that the company is cooperating with Musk’s data requests and plans to “close the transaction and enforce the merger agreement at the agreed price and terms.” Still, the company is currently trading at $38.63, a far cry from Musk’s $54.20-per-share offer price and a sign of continued market skepticism toward the deal’s viability. “As to whether there is a recession in the near term, I think that is more likely than not. During a remote Q&A at Bloomberg’s Qatar Economic Forum on Tuesday, Musk asserted that “there are still a few unresolved matters” in regard to the deal going through, including whether Twitter’s shareholders will approve it.

'I no longer live with or wish to be related to my biological father in any way, shape or form,' she said in a petition.

Please don’t out someone against their will – it’s not right.” Musk did not immediately respond to additional request for comment. “I think it is important to defend her right to privacy. Musk, the world’s richest man, is engaged in a high-profile, $44 bn bid to take over social media platform Twitter. On Tuesday, Twitter’s board unanimously recommended that shareholders approve the proposed sale, according to a regulatory filing.