Tesla boss Elon Musk said he will serve as CEO of Twitter, the social media company he just bought for $44-billion.
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Elon Musk became Twitter’s owner on Thursday, in the process firing top executives, including CEO Parag Agrawal.
Toyota is considering a reboot of its electric-car strategy to better compete in a booming market it has been slow to enter, sources said.
With Elon Musk on the verge of taking over Twitter comes news that he plans to gut its workforce, with cuts of up to 75%.
With that cheque for Twitter imminent, Musk could use all the optimism around Tesla he can muster.
Elon Musk said he was excited about his pending acquisition of Twitter, although he was overpaying for the social media company.
The lying, spin and misdirection Musk has attached to his Twitter bid might have been fun when he first hatched the offer, but a judge is looking now.
Elon Musk is running out of ways to evade his original $44-billion contract to buy Twitter.
Musk needs to secure an additional $22.4-billion of funds to cover the equity financing portion of his deal to buy the social media company.
Tesla’s famously focused chief executive, Elon Musk, faced one question at the company’s AI Day event on Friday that momentarily stumped him.