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Baron has long been bullish on Tesla, telling CNBC's Becky Quick that Musk made Baron "$5 billion so far, on a $400 million investment." In 2021, the investor told CNBC that he held almost 6 million Tesla shares through his investment firm, Baron Capital. Billionaire Ron Baron said Tuesday that Tesla CEO Elon Musk suggested he would make multiples in return for his $100 million investment in Musk's take-private deal for Twitter . Baron's $100 million Twitter investment was predicated on his longtime faith in Musk as an executive and in his marketing expertise, he said. Correction: Billionaire Ron Baron said Tuesday that Tesla CEO Elon Musk suggested Baron would make multiples in return for his $100 million investment in Musk's take-private deal for Twitter.
Analyst Ronald Jewsikow downgraded the stock to sell from neutral over concerns with the electric vehicle maker's fourth-quarter estimates. He assigned a price target of $89, which presents a 28% downside from Thursday's close. While maintaining a hold rating on the stock, Citi analyst Itay Michaeli cut his price target to $140 from $176. Michaeli said 2023 vehicle deliveries will increase 40% in 2023, a year-over-year slowdown from a 53% growth rate. The lowered 2023 estimates have in turn pushed down longer-term estimates for Tesla, Michaeli said.
Elon Musk reinstated Michael Flynn on Twitter on Friday — two years after the deadly Jan. 6 attack. The former national security advisor was one of the most vocal 2020 election deniers. Flynn thanked Musk directly in a Friday tweet for allowing him back on the platform. Prior to his suspension, Flynn frequently shared falsehoods and conspiracy theories about the 2020 election results with his more than 1 million followers. Roger Stone, a staunch Trump ally soon took up Flynn's cause, tweeting directly at Twitter CEO Elon Musk asking the billionaire to reinstate Flynn.
Tesla shares have come under selling pressure this year in the wake of Elon Musk's takeover of Twitter . News of an extended shutdown at its factory in Shanghai pushed down Tesla shares by more than 11% on Tuesday. Tesla stock has plunged about 69% this year and is on pace for its worst month, quarter and year ever. The brand's position as a leading specialty fragrance retailer, with consistent product replenishment cycles, should stabilize demand even in a downturn, wrote analyst Mark Altschwager. But that premium is justified given Chipotle's positioning for solid EPS gains and double-digit revenue growth over time, wrote analyst David Tarantino.
Check out the companies making headlines before the bell:Tesla (TSLA) – Tesla CEO Elon Musk said he would refrain from selling any more Tesla stock for 18 to 24 months. Tesla gained 1.2% in the premarket. Nutanix (NTNX) – Nutanix tumbled 16.6% in the premarket following a report that Hewlett Packard Enterprise (HPE) has ended talks to acquire the cloud computing company. Meta Platforms (META) – Meta and users of its Facebook platform settled a privacy class action lawsuit, with Meta agreeing to pay $725 million. Oilfield services stocks – Halliburton (HAL) gained 1.4% in the premarket, with Schlumberger (SLB) up 1.3% and Baker Hughes (BKR) rising 1%.
The German Foreign Office has warned Twitter about suspending journalists' accounts. Multiple journalists who reported on Elon Musk have been unable to post on the platform. On Thursday, Twitter suspended the accounts of multiple journalists that reported on the platform's new owner, Elon Musk. Wolfgang Buechner, the country's deputy government spokesperson, said in a separate tweet: "Arbitrary locking of journalists' accounts is unacceptable. On Friday, a top European Union official warned Elon Musk about possible Twitter sanctions, following what it described as the platform's "arbitrary suspension of journalists."
Elon Musk's Twitter account displayed on a mobile with Elon Musk in the background are seen in this illustration. Leaders of major civil rights groups are denying accusations made by Elon Musk, who said they broke an agreement with him by encouraging companies to halt advertising on Twitter . "The main person responsible for the Twitter advertiser exodus is Elon Musk. "We're basically asking Elon Musk, who we all know is a rather creative person, to take leadership in this area," Cooper said. Under Musk's leadership, Twitter rolled out and promptly rolled back a Twitter Blue Verified subscription service, after users who purchased the badges were able to impersonate celebrities, politicians and brands.
Elon Musk laid off half of Twitter's staff. But he agreed to laying off just 50% to start with after he was advised again making bigger cuts, Platformer reported, citing sources familiar with the matter. Instead, he sent staff a now-infamous email telling them to commit to "hardcore" work as a deliberate ploy to push more employees to leave, Platformer reported. Immediately after taking control of Twitter, Musk fired some key execs including CEO Parag Agrawal and CFO Ned Segal. Some staff who committed to Musk's "hardcore" Twitter, meanwhile, were laid off by the company, Platformer and Bloomberg reported.
It's not that easy to delete your direct messages on Twitter . Private communications sent between individuals or to groups through Twitter's "Messages" system, commonly known as direct messages, can only be eliminated if all the people involved in the conversation delete those messages, according to Twitter's system. That means users looking to delete their DMs will need to make sure all of their counterparts do so as well. Twitter has never encrypted its direct messages, despite calls from cybersecurity activists to do so. Cutler recommended that Twitter users proceed with caution.
Elon Musk to UK minister: 'What does a tosh look like?'
  + stars: | 2022-11-10 | by ( ) www.reuters.com   time to read: +1 min
Britain's Northern Ireland minister Chris Heaton-Harris had called on Musk to act on fake news after he took to Twitter to dismiss false reports that he was resigning his government post. "I hope one of @elonmusk first moves is to eliminate fake news on Twitter ... Very exciting I know, but complete and utter tosh," he added. His appeal to the world's richest person elicited a surprising response from Musk, who asked: "What does a tosh look like?" Some of the thousands who viewed the exchange suggested Musk was joking, while others were keen to provide him with an explanation.
He has announced plans to make verified users pay $8 a month for blue checks. Social media experts warned the plans could risk allowing more scams and misinformation on Twitter. But his push to improve Twitter's finances has prompted social media experts to warn he risks allowing more scams and disinformation on the platform. There is no other example of a mainstream social media company that's owned and controlled by one person." "Social media is rife with coded language, false accounts set up to spread disinformation, and cunning use of free-speech to misdirect and derail honest debate."
[1/2] Starship prototypes are pictured at the SpaceX South Texas launch site in Brownsville, Texas, U.S., May 22, 2022. Billionaire Elon Musk's SpaceX has sought for years to send its towering next-generation rocket system into orbit from the company's private launch facilities in Texas, where it has only launched prototypes of Starship's upper half some 6 miles (10 km) high to demonstrate landing attempts. The December mission will test the entire system for the first time, involving the company's 230-foot (70-meter) Super Heavy booster to lift the 160-foot (50-meter) Starship spacecraft into orbit. NASA in 2021 picked SpaceX's Starship to land humans on the moon around 2025 for the first time since 1972. That mission, under a roughly $3 billion contract, requires several spaceflight tests in advance that could delay the 2025 moon landing mission.
Elon Musk sees elements of a recession in China and Europe and says that the U.S. Federal Reserve is raising interest rates by too much. But when asked on Tesla's third-quarter earnings call on Wednesday how his electric car company will fare in a potential recession, the world's wealthiest person expressed little concern. "To be frank, we're very pedal to the metal come rain or shine," Musk said in response to an analyst's question. "The long-term potential for Twitter is an order of magnitude greater than its current value," Musk said. WATCH: Gene Munster breaks down Tesla earnings
Shares of Digital World Acquisition Corp ., the special-purpose acquisition company seeking to take Trump Media and Technology Group public, slid Tuesday after Elon Musk reversed course and proposed going through with his deal to buy Twitter . Shares of DWAC fell more than 5% Tuesday to $17.10. The stock's 2022 peak was about $97 in March. Trump Media and Technology Group owns Truth Social, the platform founded by former President Donald Trump after he was banned from Twitter following the Jan. 6, 2021 Capitol insurrection.
Preşedintele ales al SUA, Joe Biden, a declarat marţi seară că a iniţiat procedurile tranziţiei de putere, catalogând drept „jenant” refuzul preşedintelui în funcţie, Donald Trump, de a-şi recunoaşte înfrângerea electorală, scrie digi24.ro. „Am început deja tranziţia, este în curs”, a declarat Joe Biden, într-o conferinţă de presă organizată în orăşelul Wilmington, situat în statul Delaware. Întrebat despre refuzul lui Donald Trump de a-şi recunoaşte înfrângerea, Biden a precizat: „Cred că este jenant, sincer. Întrebat dacă se gândeşte să iniţieze acţiuni judiciare, Joe Biden a precizat: „Nu văd nevoia unor acţiuni judiciare. Menționăm că, după patru zile de suspans, sâmbătă, Joe Biden a fost declarat câștigător al alegerilor prezidențiale din SUA.
Persons: Joe Biden, Donald Trump, Biden, Mike Pompeo Organizations: Mediafax, Albă Locations: SUA, Wilmington, Delaware, Statele Unite, AGORA, America, Statelor Unite ale Americii
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