Musk wants to fire 75% of Twitter staff
Elon Musk tells prospective investors that, after his purchase on October 28, he plans to get rid of nearly 75% of Twitter’s 7500 workers, reducing the staff to 2000. Musk has told investors that he plans to double revenue in three years, by reducing costs and tripling the number of users that can view ads.
In June, Musk said he didn’t see a reason low performers should remain employed. Twitter’s top lawyer sent out a note to all employees saying the company did not have any confirmation from Musk about his plans. Human resources staff at Twitter have told employees that they aren’t planning for mass layoffs, but documents show that extensive plans to cut staff and reduce infrastructure costs were already in place before Musk offered to buy the company. Those plans are currently on hold, until after the purchase.
Musk: ‘Obviously we’re overpaying for Twitter right now’
During Tesla’s third-quarter earnings’ call. Musk says that, while he is overpaying for Twitter now, it will be worth it in the long-term
I am excited about the Twitter situation. It’s an asset that has languished for a long time, but it has incredible potential. Although myself and the other investors are obviously overpaying for Twitter right now, the long-term potential for Twitter is an order of magnitude greater than its current value.”
The Twitter stock price on this day is $52.42, compared with Musk’s $54.20 offer.
Musk: Tesla could be worth ‘more than Apple and Saudi Aramco combined’
Pointing to past performance as an indicator, Musk tells analysts during an earnings call, that he sees a path for the auto manufacturer to become the most valuable company in the world.
I see a potential path for Tesla to be worth more than Apple and Saudi Aramco combined. I see a way for Tesla to be roughly twice the value of Saudi Aramco. This is the first time I’ve seen that potential.
Apple and Saudi Aramco are valued at about $2.3 trillion and $2.1 trillion. That growth would imply an over $4T market cap for Tesla. Musk has previously made good on bullish promises. For example, he proclaimed in 2015 that the automaker would exceed a $700B valuation. At the time, the company was worth only about $25B.
Burnt Hair sells out
Musk says the entire stock of Burnt Hair has been sold out, raising $3 million in sales, from 30,000 bottles at $100 each. Delivery is expected in early 2023.
Only 1,300 left of this unique, limited edition, collector’s item.
And … sold out!
And … sold out!
— Elon Musk (@elonmusk) October 19, 2022
Musk thinks Grimes is a ‘simulation’
Journalist Devin Gordon says that Grimes told him that Musk believed that she was his “perfect companion” but not “real”.
She [Grimes] told me repeatedly that Musk has this theory of her that she’s not real. That she’s a simulation who was created by him and exists in his cerebral cortex as sort of the perfect companion to him. Which sounds a little crazy and maybe even a little creepy, except, she agrees with it. She said she does feel like this simulation which was perfectly created for him. Her interests are all the same as his and her music is very technologically oriented, [and they also] both made a similar nerdy joke about a scary AI theory of the future.
In March 2022, Grimes said:
We keep having this conversation where E’s like, ‘Are you real? Or are we living in my memory, and you’re like a synthesised companion that was created to be my companion here?’. The degree to which I feel engineered to have been this, like, perfect companion is crazy.”
Breed: Musk ‘Got tax breaks then took money and ran’
When asked about Musk’s frequent criticism of Democrat-run states and cities, San Francisco Mayor, London Breed says:
You mean the person who got a ton of tax breaks in California and decided to take that money and run?
in 2021, Musk relocated Tesla headquarters from Palo Alto, CA, to Austin, TX, a decision that was met with outrage from California lawmakers who reminded him that Tesla had received more than $3.2 billion worth of direct and indirect subsidies from Sacramento since 2009.
Musk will continue to cover Ukraine Starlink costs
Despite earlier tweeting that SpaceX could not fund Starlink ‘indefinitely’, Musk says he will continue to pay for Starlink to cover Ukraine. SpaceX has told the US government that Ukraine’s use of Starlink has already cost $80 million and could cost close to $400 million over the next 12 months.
The hell with it … even though Starlink is still losing money & other companies are getting billions of taxpayer $, we’ll just keep funding Ukraine govt for free
The hell with it … even though Starlink is still losing money & other companies are getting billions of taxpayer $, we’ll just keep funding Ukraine govt for free
— Elon Musk (@elonmusk) October 15, 2022
When a Twitter user told Musk “No good deed goes unpunished”, he replied:
Even so, we should still do good deeds.
Even so, we should still do good deeds
— Elon Musk (@elonmusk) October 15, 2022
Musk added to Ukrainian ‘kill list’ website
After the independent journalist Eva Bartlett claimed that Musk had been added to Ukraine’s Myrotvorets (‘Peacemaker’) ‘kill list’ website, Musk asks for more information:
Is this real? What’s the URL?
Is this list real? What’s the URL?
— Elon Musk (@elonmusk) October 14, 2022
The website publishes a list and personal information of people who are considered its authors to be “enemies of Ukraine. It recently came to public attention after Pink Floyd’s Roger Waters highlighted his own inclusion on the list. Some Ukrainians who have had their names and addressed published on the list as “collaborators” were hunted down and prosecuted, and the website shows an image of some of the people on the list, who have been “liquidated”, with their images crossed out.
Musk then tweeted a link to a Wikipedia page about the list. Finally, Musk said his inclusion on the list was:
Concerning
Concerning
— Elon Musk (@elonmusk) October 14, 2022
Musk’s name has since been removed from the site.
Musk: SpaceX cannot fund Starlink in Ukraine ‘indefinitely’
Following a report that SpaceX told the US government that Ukraine’s use of Starlink has already cost $80 million and could cost close to $400 million over the next 12 months, Musk says SpaceX cannot fund the existing system “indefinitely and send several thousand more terminals” that have high data usage. SpaceX’s donated Starlink internet terminals have been crucial in keeping Ukraine’s military online during the war against Russia.
SpaceX is not asking to recoup past expenses, but also cannot fund the existing system indefinitely *and* send several thousand more terminals that have data usage up to 100X greater than typical households. This is unreasonable.
— Elon Musk (@elonmusk) October 14, 2022
Musk also said he was following the recommendation of Andrij Melnyk, Ukraine’s ambassador to Germany, who told Musk to ‘F off’ after he posted his Twitter peace plan.
We’re just following his recommendation 🤷♂️
— Elon Musk (@elonmusk) October 14, 2022
Twitter: Musk under federal investigation
In a court filing, Twitter says Musk is being investigated by federal authorities over his conduct in his $44 billion takeover deal for the company. The company does not say what the exact focus of the probes is, nor which federal authorities are conducting them. The court filing asks Musk’s attorneys to provide documents that are being withheld, which Musk’s attorney’s say contain ‘privileged’ information. Twitter:
This game of ‘hide the ball’ must end.
An attorney for Musk:
[Twitter’s court filing is a] misdirection. It is Twitter’s executives that are under federal investigation.
Musk: 20,000 bottles of Burnt Hair fragrance sold
Following tweets that announced 5000 and 10,000 bottles of Burnt Hair have been sold, Musk tweets that 20,000 bottles of the fragrance have been sold. At $100 per bottle, the perfume has raised $2 million in sales. Musk announced the perfume in September as a ‘slow burn’ joke, and launched it, through The Boring Company, on October 12.
20,000!
20,000!!
— Elon Musk (@elonmusk) October 13, 2022
Musk post Starship night photo: ‘This is real’
Musk posts a night image of the newly-stacked Starship, on its launchpad at Boca Chica, Texas, with the caption:
This is real
This is real
— Elon Musk (@elonmusk) October 13, 2022
Burnt Hair fragrance goes on sale
The Boring Company starts selling Musk’s Burnt Hair by Singed fragrance. The fragrance is marketed as ‘Just like leaning over a candle at the dinner table, but without all the hard work’. Musk announced the perfume in September 2022. Musk calls it:
The finest fragrance on Earth!
The finest fragrance on Earth!https://t.co/ohjWxNX5ZC pic.twitter.com/0J1lmREOBS
— Elon Musk (@elonmusk) October 11, 2022
Musk later tweets that 10,000 bottles have been sold.
10,000 bottles of Burnt Hair sold!
— Elon Musk (@elonmusk) October 12, 2022
Zuckerberg: Musk Twitter deal ‘unclear’
Zuckerberg says he doesn’t know how Musk’s Twitter deal will turn out:
I don’t know. I think this is another one of these things that it’s really unclear how it’ll actually turn out. I think it’s interesting as a saga, like you’re saying, but I think even at this point, it’s not actually clear what’s going to happen.
SpaceX fully stacks Starship rocket
For the first time in more than six months, SpaceX stacks both stages of Starship, creating the largest and most powerful launch vehicle ever fully assembled. SpaceX has conducted three other full-stack Starship demonstrations: in August 2021 and February and March 2022. This stack includes Super Heavy Booster 7 (B7) and Starship 24 (S24). The stacking is taking place at Starship’s orbital launch pad in Boca Chica, Texas.
After an aborted predawn attempt on October 11th, the Starship was lifted at sunset about 80 meters (250 ft) off the ground, translated over to Booster 7, and lowered on top of the 69-meter-tall (225 ft) first stage. After about two more hours of robotically tweaking their positions, the two Starship stages were secured together.
According to Musk, Booster 7 and Ship 24 will attempt Starship’s first full-stack wet dress rehearsal (WDR) once all is in order, which is a fully loaded countdown up to the point of launch.
Starship 24 and Booster 7 fully stacked on the orbital launch pad at Starbase pic.twitter.com/1VKn6juQor
— SpaceX (@SpaceX) October 12, 2022
Elon Musk
Musk denies Putin talk
Musk denies he talked to Putin about Ukraine, or on any topic outside of space
No, it is not. I have spoken to Putin only once and that was about 18 months ago. The subject matter was space.
When asked if he would have a talk with Putin about the Ukraine conflict, he says:
Pointless, as there is currently no overlap between Russian and Ukrainian demands – it’s not even close
No, it is not. I have spoken to Putin only once and that was about 18 months ago. The subject matter was space.
— Elon Musk (@elonmusk) October 11, 2022
Report: Musk talked to Putin before Ukraine peace plan tweet
In a mailout to subscribers, Ian Bremner, founder the political risk research and consulting firm Eurasia Group, wrote that Musk told him that Putin was “prepared to negotiate”. but only if Crimea remained Russian; if Ukraine accepted a form of permanent neutrality; and Ukraine recognised Russia’s annexation of Luhansk, Donetsk, Kherson and Zaporizhzhia.
According to Bremmer, Musk said Putin told him these goals would be accomplished “no matter what”, including the potential of a nuclear strike if Ukraine invaded Crimea, which Russia annexed in 2014. Bremmer wrote that Musk told him that “everything needed to be done to avoid that outcome.”
Bremmer also wrote that Musk said he had refused a Ukrainian request to activate Starlink in Crimea.
Musk spoke to Kanye before Twitter block
Musk says he spoke to Kanye West to express his concerns about the musician’s recent tweet about Jewish people. Kanye’s account was locked just a day after he returned to the platform for the first time in nearly two years.
Talked to ye today & expressed my concerns about his recent tweet, which I think he took to heart
Talked to ye today & expressed my concerns about his recent tweet, which I think he took to heart
— Elon Musk (@elonmusk) October 11, 2022
Musk claims Twitter made whistleblower destroy evidence
Musk’s lawyers accuse Twitter’s top two lawyers, Vijaya Gadde and Sean Edgett, and Chief Privacy Officer Damien Kieran, along with CEO Parag Agrawal, of seeking to cover up the violations of the legal settlements with government regulators by ordering the Twitter whistleblower, Peter Zatko, to destroy 10 handwritten notebooks and deleted 100 computer files.
Twitter’s attempt to buy Mr. Zatko’s silence failed, but Twitter achieved its secondary aim of ensuring Mr. Zatko’s corroborating evidence would never come to light. [The document-destruction order deprived Musk’s legal team of] critical corroborating evidence of Mr. Zatko’s allegations, which would support his account of key meetings and conversations relevant to this case.
China ambassador praises Musk Taiwan proposal
China’s ambassador to the United States responds to Musk’s China-Taiwan peace proposal.
I would like to thank @elonmusk for his call for peace across the Taiwan Strait and his idea about establishing a special administrative zone for Taiwan. Actually, Peaceful reunification and One Country, Two Systems are our basic principles for resolving the Taiwan question and the best approach to realizing national reunification. Provided that China’s sovereignty, security and development interests are guaranteed, after reunification Taiwan will enjoy a high degree of autonomy as a special administrative region, and a vast space for development.
I would like to thank @elonmusk for his call for peace across the Taiwan Strait and his idea about establishing a special administrative zone for Taiwan. Actually, Peaceful reunification and One Country, Two Systems are our basic principles for resolving the Taiwan question… https://t.co/KYH1Gsu3Um
— Qin Gang 秦刚 (@AmbQinGang) October 8, 2022