When it comes to tech industry titans, few are quite as fascinating and enigmatic as Elon Musk.
The billionaire entrepreneur is known for his bold ideas, innovative thinking, and unshakeable confidence in the power of technology to transform our world.
So when news broke recently that Musk had apparently put a staggering $20 billion price tag on Twitter in an internal memo to staff, it was little surprise that the internet went wild with speculation and analysis.
In this blog post, we’ll take a closer look at what this bombshell revelation could mean for both Twitter itself and the broader landscape of social media and technology more generally. Buckle up it’s going to be a wild ride!
Inside memo from Elon Musk to staff
According to a report from The Verge, in an internal memo to employees, Tesla CEO Elon Musk put the value of Tesla’s Twitter account at $ billion.
This comes shortly after reports surfaced that Saudi Arabia’s Public Investment Fund was considering investing up to $45 billion in Tesla.
The memo reportedly says: “Twitter is worth almost $10 billion. Given that we are now making $2 billion per year in revenue and it is only growing, I think Twitter is a valuable asset.”
What’s in the memo
The memo, obtained by The Wall Street Journal, says that Mr. Musk wants to focus on increasing the number of users on the platform and making it more sustainable.
It also recommends measures such as limiting accounts that are inactive for more than a year and speeding up the verification process for new users.
The memo is one of several recent changes in management at Twitter, where Mr. Musk has been increasingly challenged by investors over his strategy for the company.
Last month, he announced plans to take Tesla private and said he was getting advice from Jack Dorsey, the CEO of Twitter’s biggest rival, Facebook. Shares of Twitter fell about 5% in after hours trading Tuesday on news of the memo.
Tesla shares tanks after report
Tesla shares tanked after a report that Elon Musk put $1 billion value on Twitter in an
Tesla shares tank after a report that CEO Elon Musk put $1 Billion value on Twitter in internal memo to staff.
The memo was obtained by the Financial Times and reportedly argues that Tesla should pursue a path of Big Infrastructure Projects such as a Hyperloop. Shares of Tesla tanked 5% after the FT report was published.
The memo, dated August 7th, argues that Tesla should pursue a path of Big Infrastructure Projects such as a Hyperloop
These projects would “require substantial capital, have a low probability of success, be extremely risky, and be quite complex.
The memo also says that these projects would be “the sort of thing where you could conceivably lose money for many years” but would ultimately be worth it because they would create “a fundamental shift in how people use transportation.”
Musk’s argument has some investors worried about the future of Tesla.
Ian Bremmer, president of Eurasia Group said in an interview with CNBC that “this is not the direction to go if you’re trying to build a company.
He added that if Musk truly believes in these projects then he needs to “back off” and focus on running the company rather than pursuing these ambitious plans.an internal memo to staff.
According to a report from The Wall Street Journal, Tesla CEO Elon Musk put a $1 billion value on Twitter in an internal memo to staff last week.
The memo reportedly included plans for an upcoming share sale and noted that the company’s market capitalization was now larger than Ford’s.
Although the value of Tesla’s stock has rebounded since the memo was leaked, it has still lost ground overall this morning, falling 3% at one point.
In a statement given to the Journal, Musk said he wanted Tesla to be “the best car company in the world” and that he considered his tweets about the company “just advice.
However, some investors are concerned about Tesla’s future without major improvements to its product lineup or revenue growth.
What this could mean for Tesla
Tesla stock is up after Elon Musk’s tweet.This could mean a lot for Tesla.
Elon Musk, the CEO of Tesla, posted on Twitter that the company is worth $ billion. This comes as part of an internal memo to staff, according to CNBC.
Since Tesla’s stock prices have been climbing recently, this tweet could mean a lot for the company’s future.
This tweet could be a sign that Tesla is in good shape financially.
Tesla has been struggling lately with production problems and allegations of fraud from short sellers but this tweet could show that the company is still strong and headed in the right direction. It could also inspire more people to invest in Tesla’s stock because they believe in its future.