Money

Elon Musk is trying to raise up to $3 billion to pay off expensive Twitter debt amid struggles to keep advertisers: WSJ

10 days ago   |   By Business Insider

Elon Musk sent Twitter staff a memo on Thursday confirming job cuts would be announced on Friday. Carina Johansen/Getty Images
Elon Musk is looking to raise up to $3 billion, according to a Wall Street Journal report.
It would go toward paying down some of the more expensive debt he took on to buy Twitter.
In a tweet asking Musk if the reported fundraising attempt was accurate, the Twitter CEO wrote: "No."
Elon Musk is looking to line up as much as $3 billion to pay off part of the $13 billion loan package he used to acquire Twitter last year, according to the Wall Street Journal. Per the...
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Tesla stock could soar 50% and is the top pick in an auto sector that's seeing an EV 'shake-out,' Morgan Stanley's Adam Jonas says

10 days ago   |   By Business Insider

Elon Musk. Getty Images
Tesla stock could add 50% despite price cuts to vehicles, according to Morgan Stanley.
Analyst Adam Jonas cited Tesla's strong balance sheet and profitability.
"Tesla's recent price cuts are just the latest sign the EV market may be entering the 'shake-out' phase," he wrote.
Tesla stock could gain 50% on a strong balance sheet and a head-start against the competition in the EV market, according to Morgan Stanley. In a Wednesday note, analyst Adam Jonas named Tesla his top pick in the auto sector, replacing FREYR Battery, as price cuts ranging from 6% to 20% will...
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'One of the most important earnings calls in its history': Here's what Wall Street expects from Tesla's 4th-quarter earnings

10 days ago   |   By Business Insider

Elon Musk. Carina Johansen/Getty Images Tesla is set to report fourth-quarter earnings after the market close on Wednesday after a rocky 2022. Investors are laser-focused on the company's profit guidance after it announced big price cuts. Here's what Wall Street expects to see from the electric vehicle maker's earnings report. Tesla will report its fourth-quarter earnings after the market close on Wednesday, and investors will be laser-focused on 2023 profit guidance after recent vehicle price cuts. Tesla already reported fourth-quarter vehicle deliveries of 405,000 earlier this month...
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One of Elon Musk's top lieutenants at Twitter says she 'grew up in a cult'

10 days ago   |   By Business Insider

Esther Crawford has become a leader at Elon Musk's Twitter Getty Images
Esther Crawford, a leader at Elon Musk's Twitter, said on social media that she "grew up in a cult."
Crawford has become a key player in Musk's takeover and went viral for sleeping in the office.
Some workers describer her as "bootlicking," while other say she's helped guide Musk.
Esther Crawford, one of Elon Musk's top lieutenants at Twitter, "grew up in a cult." Before the billionaire bought Twitter in October, Crawford tweeted about the experience, saying it taught her a lot , including the importance of changing...
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