Elon Musk Tesla

Musk, the CEO of the American car company, is now set to receive a bonus share payout after the company posted a $3.3 billion quarterly profit on Wednesday.

If the board were to reject Musk's tender offer, he could then approach the shareholders, who may accept the offer. but has not determined whether to do so at this time,' the filing said. The Tesla chief, who has been rebuffed by the Twitter board, is 'exploring whether to commence a tender offer... It said production is resuming at limited levels, which will impact total build and delivery volume in the second quarter. He initially accepts the offer But the company plans to fight back. And in the event of a negotiation, Musk wouldn't be able to count on the support of former Twitter head and co-founder Jack Dorsey, unless there is a quick resolution. as he lines up $46.5bn to buy Twitter but faces being thwarted by 'poison pill' An alternative to acquiring the majority of the company would be for Musk to change the makeup of the board, according to Quinn, installing new members more in line with his vision for Twitter. Pictured: A graph showing Tesla's first quarter revenue from each year since 2011 Elon Musk is poised to collect $23bn bonus after Tesla reports record profits... To halt a takeover, Twitter's board plans to activate a 'poison pill' if Musk comes to own more than 15 percent of the company.

As Elon Musk continues his crusade to take over Twitter, he registered three new companies in the tax-friendly state of Delaware under variations of the ...

“It’s not that easy to sort of combine these things.” Another entity, X Holdings II Inc., would merge with Twitter as part of the acquisition, while X Holdings III LLC would be used to help fund the transaction, the outlet reported. The three new companies appear to be financial maneuvering as part of Musk’s Twitter bid.

Half of Elon Musk's Tesla stake has been collateral for his loans. His Twitter bid would add to the percentage.

The Tesla CEO famously declared in 2018 he had “Funding secured” at $420 a share to take Tesla private. Later, it became clear Musk had planned to sell at least some of the shares all along. Musk first revealed he had purchased a more than 9 percent stake in Twitter earlier this month. Like using property to back a loan, Musk at times last year had put more than half of his Tesla shares down as collateral, according to financial filings, worth tens of billions of dollars. He outlined $46.5 billion he secured in funding to buy the social media company. He can’t turn it into cash easily, although he did sell a significant chunk of his Tesla stock last year, including $5 billion over several days.

During its earnings announcement, Tesla said that during the first quarter of 2022 it had made a profit of $3.3bn on revenue of $18.8bn. In 2018 Tesla ...

Start your Independent Premium subscription today. Mr Musk, who is already the world’s richest person with a personal fortune of $260bn, is set to collect the staggering bonus after leading the company to its share price and growth targets. Tesla boss Elon Musk is set to receive a $23bn bonus after the electric vehicle company reported record quarterly profits.

Professional money managers fear they might end up owning shares not in Tesla but in a sprawling conglomerate that will dilute the value of their investment ...

Claimants argued it was nothing more than an overpriced bailout for the native South African and his family, financed with $2.6 billion worth of Tesla shareholders’ money. His first company, which eventually merged to become PayPal, was called X.com, and many years later Musk bought back the rights to the defunct domain name. Retail investors are generally more supportive of the idea since they bet first and foremost on Musk himself rather than Tesla. Yet Wall Street doesn’t care for broad, diversified groups with numerous moving parts and opaque internal transfer pricing that make it hard to cleanly model future cash flows. “Investors hate conglomerates.” Musk himself seemed to indicate back in December 2020 he was partial to the idea of one overarching company, to be called X. Last month, he inflamed these suspicions after revealing the third part of his master plan would include more direct linkages between his various businesses and Tesla. The commotion has to do with the creation of a dedicated corporate vehicle that would sit atop the Twitter ownership pyramid under the direct control of Musk himself.

At the moment, billionaire Elon Musk, who is also the richest man on Earth, is on cloud nine. On one hand, the Tesla CEO has made a bid to takeover Twitter ...

Musk and Gates seem to have also been involved in a strife in 2021. So, Gates' alleged shorting of Tesla’s stock (TSLA) had become popular. No idea if this is true lol,” said the tweet, while posting screenshots of the supposed conversation. On one hand, the Tesla CEO has made a bid to takeover Twitter recently while on the other, his personal wealth has also been growing enormously. “So apparently Bill Gates hit up @elonmusk to discuss “philanthropy on climate change” but Elon asked if he still had a half billion dollar short position on $TSLA. Bill said he hasn’t closed it out, so Elon told him to get lost. To get to know if it was true, the user tagged Elon Musk. In reply, Musk said, “Yeah, but I didn’t leak it to NYT. They must have got it through friends of friends…I heard from multiple people at TED that Gates still had half billion short against Tesla, which is why I asked him, so it’s not exactly top secret.”

In a tweet on Friday, the Tesla CEO admitted that he asked Gates if he was short-selling shares of the electric carmaker.

Musk has also previously speculated on the possibility of Gates shorting his company's stock. "We're basically not doing enough on the hard stuff: steel, cement, meat," he said at that time. When investors short a stock, they are betting that the price of the asset will fall. Gates emphasized the need to make a greater impact on climate change by tackling other industries. And you know, underestimating Elon is not a good idea." I would like to discuss philanthropy possibilities."