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☆ Elon Musk Hasn't Killed Twitter, He's Just Made It Irrelevant
▼ + stars: | 2023-07-12 | by ( Linette Lopez | ) www.businessinsider.com time to read: +13 min

It's been less than a year since he bought it, and Elon Musk's Twitter is already well on its way to suffering a fate worse than death — irrelevance. How you do a turnaroundIn the early days of Musk's Twitter takeover, I told you he was overpaying for the company. Unfortunately for Twitter, Musk is not a traditional turnaround guy. Maybe, to Musk, that's a crusade worth sacrificing the very thing that makes Twitter special. Maybe this is the site Musk wanted in the first place.

Persons: It's, Elon, irrelevance, Musk, Ron DeSantis, Rihanna, Mark Zuckerberg's Meta, Alexandria Ocasio, Cortez, Jennifer Lopez, Steph Curry, Donald Trump's, he's, tweeting, Vicki Bryan, Bond Angle, Goldman Sachs, Twitter hadn't, Linda Yaccarino, That's, Bryan, Morgan Stanley, what's, Jack Dorsey, —, Instagram, Lina Khan, hasn't, Meta, Zuckerberg, he'll, Linette Lopez Organizations: Elon Musk's Twitter, Gov, Twitter, Super, Metropolitan Transportation Authority, MTA, Oracle, Google, Fidelity, Wall Street, Pew Research, Pew, Federal Trade Commission, Meta Locations: Florida, Alexandria, New York

☆ A Tesla board member once locked Elon Musk's phone in a safe to keep him off Twitter. The billionaire forced hotel security to open it, biographer says.
▼ + stars: | 2023-07-06 | by ( Grace Kay | Kali Hays | ) www.businessinsider.com time to read: +4 min

Antonio Gracias once locked Elon Musk's phone in a hotel safe, biographer Walter Isaacson said. The move by the Tesla board member was meant to stop Musk from tweeting late into the night. Musk got hotel security to unlock the safe around 3 a.m., Isaacson said. Tesla board member and close Musk confidant Antonio Gracias once took Musk's phone away to prevent him from tweeting late into the night, Isaacson said during a Twitter Spaces event on Wednesday. Musk later got hotel security to open the safe at around 3 a.m. so he could start tweeting again, Isaacson said.

Persons: Antonio Gracias, Elon, Walter Isaacson, Tesla, Musk, Isaacson, Elon Musk's, aren't, Antonio, Elon couldn't, tweeting, " Isaacson, Twitter, —, Kimbal Musk, Gracias, Ron Baron, Baron, Tim Cook, Jeff Bezos Organizations: Morning, Twitter, Securities and Exchange Commission, Amazon Locations: British

☆ Elon Musk and new CEO Linda Yaccarino kept Twitter staff in the dark during the days of 'rate limit' chaos
▼ + stars: | 2023-07-03 | by ( Kali Hays | ) www.businessinsider.com time to read: +5 min

Elon Musk abruptly decided to give all Twitter users a maximum amount of access to the site. Twitter workers have received little communication on the change from Musk and CEO Linda Yaccarino. The change allows users to view only a certain number of Tweets before being prevented from interacting with the site. "Neither of them have said anything about what's going on," one of the people familiar said, referring to Musk and new CEO Linda Yaccarino. Once Musk decided to implement the rate limit, many Twitter workers asked in private Slack channels if it was a permanent change.

Persons: Elon Musk, Linda Yaccarino, Musk, Chris Riedy, Yoel Roth, Twitter's, Sheldon Chang, Chang, Riedy, Lou Paskalis, Kali Hays Organizations: Twitter, AJL, Reuters Locations: khays

☆ Elon Musk accepts UFC champion Georges St-Pierre's offer to train him for potential Mark Zuckerberg fight
▼ + stars: | 2023-06-28 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

Elon Musk is lining up coaches as he apparently prepares to fight Mark Zuckerberg. The billionaire accepted UFC champion Georges St-Pierre's offer to train him. Elon Musk is lining up coaches for his much-anticipated fight with tech rival Mark Zuckerberg. The billionaire accepted Ultimate Fighting Championship legend Georges St-Pierre's offer to train him for the cage match. "Ok, let's do it," Musk tweeted in response.

Persons: Elon, Mark Zuckerberg, Georges St, Pierre, Zuckerberg, Musk, Dana White, Lex Fridman Organizations: UFC, Twitter

☆ Elon Musk's biographer saw him fly into 'demon mode.' It's hard to watch — but it also gets stuff done, he says.
▼ + stars: | 2023-06-27 | by ( Grace Kay | ) www.businessinsider.com time to read: +6 min

Walter Isaacson said Elon Musk could be "brutal" and would go into "demon mode" at times. She told him that while it can be "unpleasant" to be around Musk when he's in demon mode, it's also the mode that "gets shit done." Isaacson said he attributed Musk's "dark streak" and his willingness to take risks to his relationship with his father, Errol Musk. Errol Musk denied he contributed to Musk's "dark streak" in an emailed statement to Insider, saying that "these days Elon and I are on fairly good terms." Tesla cofounder Martin Eberhard previously told Insider that Musk used to scream at him over press coverage on Tesla.

Persons: Walter Isaacson, Elon, Musk, Elon Musk, Isaacson, Grimes, Musk's, it's, Claire Boucher, Steve Jobs, Leonardo da Vinci, " Isaacson, Theo Wargo, Jekyll, Mr, Hyde, he'd, Errol Musk, Gianliuigi Guercia, he's, Maye Musk, Stone, Maye, Gotham, Tesla, Martin Eberhard, Tim Higgins Organizations: Twitter, SpaceX

☆ 10 Things in Tech: Airbnb's Montana smackdown, Microsoft whining, Salesforce worrying, and Reddit rage
▼ + stars: | 2023-06-26 | by ( Alistair Barr | ) www.businessinsider.com time to read: +5 min

I'm Insider's global tech editor Alistair Barr, and I've been missing people a lot lately. Airbnb Montana smackdown: Life in the town of Bozeman is harder thanks to short-term rentals. That sparked a boom in Airbnb and Vrbo properties in the town, causing rents and property prices to surge. They are concerned about retaining talented colleagues, their future at Salesforce, and how leadership decisions adhere to the company's core values. Submit your nomination for Insider's 5th annual list recognizing first-time and newly named top marketers at consumer brands.

Persons: Alistair Barr, I've, I'd, we're, let's, Brian Chesky Mike Segar, Airbnb Montana, Dan Latu, Justin Sullivan, Read, Nassim Taleb, SoftBank, it's, that's, Bowties, India Narendra Modi, Mark Zuckerberg, Elon Musk, Kevin Dietsch, Dana White, Lisa Ryan, Jack Sommers Organizations: Bozeman Tenants United, Getty, Microsoft, Silicon Valley titans, White House, UFC, Insider's Locations: Bozeman, Airbnb, Seattle, Washington, Salesforce, Silicon, India, China, Silicon Valley, New York, London

☆ Elon Musk and Bernard Arnault – the world’s 2 richest people – had the ultimate power lunch in Paris on Friday
▼ + stars: | 2023-06-17 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +2 min

The world's two richest people met for a power lunch in Paris on Friday. Elon Musk and Bernard Arnault, both worth more than $200 billion, dined at the Cheval Blanc hotel. "Power lunch" may have a whole new meaning after the world's two richest people dined in Paris on Friday. Elon Musk and Bernard Arnault, the CEO of LVMH, met at Cheval Blanc, the luxury hotel run by the French luxury conglomerate. Elon Musk and Antoine Arnault at the VivaTech conference in Paris on Friday.

Persons: Elon Musk, Bernard Arnault, Musk's, Alexandre, Antoine, LVMH, Cheval, Musk, he's, Maye Musk, Antoine Arnault, It's, Gonzalo Fuentes, Reuters Musk's, Giorgia Meloni, Meloni, Emmanuel Macron, Macron Organizations: Morning, Bloomberg, Eiffel, French, Reuters Locations: Paris, Cheval Blanc, Europe, France

☆ Tesla stock's dazzling rally is thanks to CEO Elon Musk's renewed focus on the EV maker, activist investor says
▼ + stars: | 2023-06-16 | by ( George Glover | ) www.businessinsider.com time to read: +2 min

Tesla's massive share-price rally is thanks to Elon Musk's increased role at the EV maker, activist investor Ross Gerber said Thursday. "We just have seen full-fledged how Elon's focus makes such a huge difference," Gerber told Yahoo Finance. Tesla shares are up by more than 50% since Musk announced a replacement Twitter CEO. On May 12, Musk announced that Linda Yaccarino would replace him as CEO. Read more: Fans may think Elon Musk is unbreakable but Tesla needs to find a successor in case his health fails, an activist investor in the carmaker says

Persons: Elon Musk's, Ross Gerber, Gerber, Tesla, Musk, —, Elon Musk, –, Elon, Elon's, Linda Yaccarino, he's, Yaccarino, Read Organizations: Yahoo Finance, Service, Tesla, Ford Locations: China –, China

☆ Elon Musk teases 2 new Tesla products
▼ + stars: | 2023-05-16 | by ( Tim Levin | ) www.businessinsider.com time to read: +2 min

Elon Musk teased two new Tesla vehicles at the company's annual shareholder meeting. He said Tesla will "probably" sell at least 5 million units annually of the two models combined. Elon Musk threw a bone to Tesla fans eager to hear what's next from the company by confirming that the automaker is working on two new vehicles. Tesla says that a robotaxi is in development, so we can assume that's potentially one of the vehicles Musk referred to. And industry analysts say new products and facelifts are needed if Tesla wants to stay at the top of the EV heap.

Elon Musk announced today that Linda Yaccarino would be the next Twitter CEO. With its revenue falling and its reputation falling faster, she may be the win Musk needs. Elon musk needs a win. The ad sales team generated more than $100 billion in ad revenue during her 12-year tenure, according to the company. That advertising revenue is just what Musk needs right now.

☆ Tesla's price cuts and hikes explained: Why it seems like Elon Musk can't make up his mind on pricing
▼ + stars: | 2023-05-05 | by ( Nora Naughton | ) www.businessinsider.com time to read: +4 min

The latest price hikes could mean Tesla is done lathering on the discounts for now. Elon Musk is changing his mind about Tesla pricing – again. Recent hikes are a sign to investors that Musk is likely done price-slashing for now. Even with this hike, base Model Y prices are down 24% since January and base Model 3 prices are down 14% over the same period. "When you lease, you can really bypass a lot of the problems that come with pricing," Drury said.

☆ Tesla workers criticized Elon Musk online, and some people even complained to his mom, after performance bonuses were cut at its Shanghai factory
▼ + stars: | 2023-04-17 | by ( Pete Syme | ) www.businessinsider.com time to read: +2 min

Workers at Tesla's Shanghai Gigafactory were told about bonus cuts over the weekend, per Reuters. Some Tesla workers at the company's biggest factory are complaining to Elon Musk and his mom on social media, after bonuses were cut following a fatal accident, Reuters reported. "Please pay attention to the performance of frontline workers at Tesla's Shanghai factory being arbitrarily deducted," one account tweeted. Two factory workers told Reuters that supervisors mentioned a "safety incident" when asked why their quarterly performance bonuses had been cut. "Deducting the performance bonus, which should be related to workers' output and has nothing to do with work safety, is even more unfair," he said.

☆ Elon Musk's mom says she has slept on 'mattresses or blankets on the floor' when she visits her billionaire son
▼ + stars: | 2023-04-11 | by ( Sarah Jackson | Grace Kay | ) www.businessinsider.com time to read: +3 min

Maye Musk said she has slept on blankets on the floor when visiting her son, Elon Musk. In the past, she has said she's slept in the garage at his house near SpaceX's launch site. Musk has said he lives in a $45,000 converted two-bedroom house in Texas, and also couch hops. On Tuesday, she said on Twitter that she has "many memories of sleeping on mattresses or blankets on the floor, on couches, or a bed in the garage" when she visits her son. Elon's mother made the comment in response to a tweet in which the billionaire said he'd "slept on a friend's couch last weekend."

☆ Elon Musk apologized after publicly accusing an employee of using their disability as an 'excuse.' An employment lawyer called the whole saga 'a bit unusual.'
▼ + stars: | 2023-03-08 | by ( Hannah Getahun | Matthew Loh | ) www.businessinsider.com time to read: +6 min

Elon Musk apologized on Tuesday for mocking a former Twitter employee who has muscular dystrophy. Musk had accused the employee of not doing "actual work" and told him to justify why he should keep his job. Haraldur Thorleifsson, an Iceland-based entrepreneur and former Twitter employee, ended up in a public exchange with CEO Elon Musk. But on Tuesday, Musk publicly trolled Thorleifsson in a series of tweets questioning his value at the company. Musk then said Thorleifsson used his disability as an excuse to work less.

☆ UBS sees a $60 billion opportunity in EV charging infrastructure. How to play it
▼ + stars: | 2023-02-23 | by ( Jesse Pound | ) www.cnbc.com time to read: +2 min

The continued adoption of electric vehicles in the United States will create more winners for investors than just automakers, according to UBS. We see EV adoption and the build out of the charging network as one of the pillars of this theme," the note said. The automaker has its own charging network, but recently agreed to make at least 7,500 of its chargers compatible with other EVs by the end of 2024. There are also companies that specialize in chargers that could benefit from the next wave of EV adoption, including ChargePoint and Blink Charging . The firm has buy ratings on Sempra and Exelon and said they have "high EV adoption."

☆ Elon Musk says Twitter will take legal action against a 'disgruntled employee' who the CEO says leaked false information to suggest his tweets were boosted
▼ + stars: | 2023-02-17 | by ( Kate Duffy | ) www.businessinsider.com time to read: +3 min

Elon Musk said Twitter was taking legal action against a worker who the CEO said leaked false info. He said the worker was the source of a Platformer report, which said Musk's tweets had been boosted. A Twitter user asked Musk on Friday whether the Platformer report was false. He did not name the employee against whom he said Twitter was taking legal action. Casey Newton, a journalist at Platformer, told Insider: "Elon's tweet is completely false.

☆ Meet Maye Musk, the Sports Illustrated cover model and the glamorous mother of one of the richest men in the world
▼ + stars: | 2023-02-04 | by ( Grace Kay | ) www.businessinsider.com time to read: +13 min

Despite her support for her children, Maye Musk has been a celebrity in her own right for decades. Maye Musk Maye Musk attended the Met gala with Elon Musk last year. "They followed their passions, and they all went in different directions," Maye Musk told Insider in a 2020 interview. Elon Musk, in particular, had tried his hardest in school, but only in the subjects he liked, Maye Musk said. Even at 14 years old, Maye Musk said Elon Musk had shown a passion for investing.

☆ Investors don't listen to Elon Musk on the economy, Tesla bull Gary Black says as he rebukes recession claims
▼ + stars: | 2023-01-27 | by ( George Glover | ) www.businessinsider.com time to read: +3 min

Any economic downturn will be shallow because the Federal Reserve can cut interest rates whenever it wants, Black said Thursday. "I don't think investors listen to Elon's economic forecasts," the Future Fund managing partner told Yahoo Finance Thursday. Musk alluded to the idea of a severe recession on Tesla's fourth-quarter earnings call, which took place after Wednesday's bell. He said a downturn could actually help the Tesla's stock price because it would be disinflationary – helping to reduce the company's input costs. Tesla stock rallied just under 11% Thursday after the company beat Wall Street's fourth-quarter earnings targets.

☆ Health insurer Elevance's strategy is coming into focus as it goes head-to-head with giants UnitedHealth and CVS
▼ + stars: | 2023-01-25 | by ( ) www.businessinsider.com time to read: +4 min

Elevance Health, the major US health insurer formerly called Anthem, said Monday that it plans to acquire Blue Cross and Blue Shield of Louisiana in a rare merger between two Blue-affiliated health insurers. It's possible that if the merger goes through, the Louisiana Blue could flip to using Elevance's PBM. While competitors like UnitedHealth, CVS, and Humana are pushing deeper into delivering primary care, Elevance has focused on owning businesses that serve people with serious and chronic illnesses. Carelon's strategy has been to sell its services to both Elevance's own health plans and other Blue-affiliated insurers. Carelon brought in almost $41 billion in revenue in 2022, and 60% of that came from Elevance's own health plans, Boudreaux said Wednesday.

Musk, who is expected to be called as a witness in San Francisco federal court this week, has built a cult-like following for his irreverent humor, marketing skills and vision. Legal experts said a jury trial can turn on a key witness and the attorney who questions Musk needs to establish control, minimizing Musk's ability to use his charisma. In the current case, Musk sat for a daylong deposition in 2021 with lead shareholder attorney Nicholas Porritt. The jury is likely to see the "greatest hits" from that interview, according to trial attorney Renato Mariotti, who is not involved in the case. Reporting by Tom Hals in Wilmington, Del., and Jody Godoy in San Francisco; Editing by Noeleen Walder and Matthew LewisOur Standards: The Thomson Reuters Trust Principles.

☆ Tesla investor and former 'fanboy' questions whether Elon Musk is purposely tanking the carmaker's stock
▼ + stars: | 2023-01-06 | by ( Grace Kay | ) www.businessinsider.com time to read: +5 min

Tesla investor Leo KoGuan questioned whether Elon Musk is intentionally crushing Tesla stock. KoGuan, who is "one of Tesla's largest individual shareholders," per Bloomberg, had amassed about 22.6 million Tesla shares as of August 27, 2022. Musk, KoGuan, and Lagetko did not respond to a request for comment from Insider ahead of publication. On Friday morning, Tesla stock was trading around $105 per share, its lowest since August 12, 2020, amid slowing demand from China. The Tesla CEO's fortune, largely tied to his shares in Tesla, declined as the company's stock price tumbled.

☆ Tesla's cratering share price goes beyond Musk's preoccupation with Twitter. The entire EV market is slowing down.
▼ + stars: | 2022-12-22 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +5 min

Tesla's share price has been cut in half and a distracted CEO isn't the only issue. The wider EV market is facing a tough mix of challenges. At the time of writing, its share price sits at $126.31, down 60% since the beginning of the year. Tesla's woes are symptomatic of wider issues plaguing the EV market. Tesla's stock market value slid below ExxonMobil this week for the first time since 2020, falling to $435 billion on Tuesday-compared with the oil and gas company's $439 billion market value, according to the Financial Times.

☆ Elon Musk could lose control of Tesla if the automaker's stock keeps tumbling, ex-Facebook security chief says
▼ + stars: | 2022-12-17 | by ( Grace Kay | ) www.businessinsider.com time to read: +5 min

Elon Musk could face activist investors as Tesla's stock falls, an ex-Facebook exec warns. Activist investors buy up big stakes in public companies and then agitate for change — sometimes in the board room. Stamos was previously Chief Security Officer at Facebook and he was also previously Chief Information Security Officer at Yahoo. Last week, some Tesla investors expressed concern that Twitter had become too much of a distraction for the carmaker's CEO. Tesla's stock was trading a little over $150 a share late Friday.

☆ The only victim in Elon's beef with journalists is Twitter
▼ + stars: | 2022-12-16 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +6 min

Twitter itself knows news and journalists are major drivers of user engagement on its platform. By barring journalists, Musk is openly demonstrating his resentment towards one of Twitter's most active and important userbases, hurting the platform further. Journalists depend on Twitter, and Twitter depends on them tooBy Twitter's own estimates, journalists count for a lot on its platform. Users "regularly follow news-related Twitter accounts, and around 4 in 5 young journalists rely on the platform for their jobs. Journalists use Twitter more than any other social media platform, according to research from Pew in June, treating it as a real-time source of information.

☆ Elon Musk promised Tesla would benefit from his Twitter misadventure. But Wall Street is worried he's using Tesla as his 'personal ATM' to fund his wild plans for Twitter.
▼ + stars: | 2022-12-15 | by ( Asia Martin | ) www.businessinsider.com time to read: +4 min

InsiderSEC filings on Wednesday revealed Elon Musk sold $3.6 billion more in Tesla stock. Dan Ives stated that Musk is 'using Tesla as his own ATM machine' to fund Twitter. That brings the total amount of Tesla stock that Musk has sold this year to $23 billion. Just a few days ago, Musk promised that in the long haul, Tesla would benefit from his ownership of Twitter. He also promised he wouldn't sell any more Tesla stock.

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