Elon Musk Hub

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2022-04-24 21:01:00 Musk to receive bonus based on Tesla's performance

In the first quarter of 2022, Tesla earned 81 percent more than in the same period a year earlier. These results, combined with the company's rising stock price, mean that Musk has met the goals expected to result in a bonus stock payout.

This time, the amount of the bonus will amount to $23 billion, which will certainly help Musk even more firmly establish himself on the first line of the list of the richest people on the planet. Open / Comment

2022-04-24 17:01:14 Elon Musk found $46.5 billion to buy Twitter

Elon Musk has pledged $33.5 billion, consisting of $21 billion in equity and $12.5 billion in margin loans against some of his Tesla Inc stock to fund the transaction.

Banks have agreed to lend another $13 billion secured by Twitter itself.

Twitter hasn't yet accepted his offer, but the company has confirmed that it has received it. Open / Comment

2022-04-24 14:01:30 Tesla revenue beat analysts' expectations

Tesla posted earnings of $3.22 per share for the first quarter compared to analysts' estimates of $2.27.

Revenue rose to $18.8 billion compared to estimates of $17.9 billion, CNBC reported.

Automotive revenue reached $16.86 billion, up 87% from the same period last year. Gross profit jumped to $5.54 billion in its core segment. Open / Comment

2022-04-23 21:57:00 Tesla was praised for savvy marketing

According to the number of orders of electric cars in the first quarter of 2022, Tesla was able to take advantage of competitors' advertising for its own purposes.

So, the day after the Super Bowl 2022 (the finals of the American soccer championship), orders for Tesla electric cars increased dramatically several times.

During an analysis of the data, it turned out that this was influenced by Tesla's competitors' advertising, while the company itself did not buy advertising slots for Super Bowl 2022.

Musk later confirmed this data and added that Tesla did not spend a cent on its promotion. Open / Comment

2022-04-23 20:57:38 Right now the guys are creating NFT live!

They've raised $560,000 on their collection so far.

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2022-04-23 17:01:12 Elon Musk named the cost of a ticket to Mars

Elon Musk said that the approximate price of a one-way ticket for a flight to Mars will be $100,000.

According to Business Insider, Musk named the cost of the trip to the Red Planet during a conversation with TED conference curator Chris Anderson.

He said the price would be determined in part by economics, but also by the need to make travel to Mars affordable enough to attract about a million people to build a city on Mars. Open / Comment

2022-04-23 14:01:29 Tesla released a report with first-quarter results that beat analysts.

The company reported earnings per share of $3.22 and revenue of $18.76B. Analysts, had assumed in forecasts that earnings per share would be $2.24 and total revenue would be $17.63B.

Tesla shares were up 4.64% - trading at $1,022.55 after market close, according to the report.

Tesla's stock price, up 12% this year, has performed better than the overall S&P 500 index, which is down 6% since the beginning of the year. Open / Comment

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2022-04-22 21:02:00 Jack Dorsey and Elon Musk criticize Twitter's board of directors

While Twitter's board of directors had not publicly decided on the sale of its remaining shares to Ilon Musk and turned on the regime of protection against hostile takeovers, the billionaire himself and Twitter's founder Jack Dorsey began to criticize the board of directors.

Musk even promised to deprive its members of their salaries in case of his victory.

Such a threat, of course, has only symbolic value, as Tesla board members receive about $20,000 a year in cash, and their main income comes from operations with the company's stock. Open / Comment