Elon Musk

2022 - 6 - 21

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Musk, Roubini and Goldman Warn of Rising US Recession Risk (Bloomberg)

Elon Musk, Nouriel Roubini and Goldman Sachs Group Inc. have warned of a growing likelihood that the US economy will fall into recession.

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Elon Musk's daughter wants to change her name: 'I no longer wish to ... (Times of India)

Elon Musk's daughter: One of Elon Musk's kids has filed a petition to change her name as per her gender identity. In her petition, the former Xavier A.

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Elon Musk's Transgender Daughter Cuts All Ties With Father ... (India Times)

The petition for both a name change and a new birth certificate reflecting her new gender identity was filed with the Los Angeles County Superior Court in ...

The SpaceX founder's transgender daughter has filed a petition to change her name to cut ties with her father. According to Reuters, the lawyer who represents Musk or Tesla has not responded to any emails regarding this matter. Musk's kid asked the court to change her gender recognition from male to female along with the name.

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Elon Musk's child files documents to change name; no longer 'wish ... (Republic World)

Elon Musk's child Xavier Alexander Musk has filed documents to change his name to Vivian Jenna Wilson in a bid to be identified as a woman, stated media ...

Only recently it has emerged that Grimes and Elon also had a daughter named, Exa Dark Sideræl Musk. She reportedly celebrated her birthday in April and wanted to be identified as a woman. While the Tesla CEO has not spoken about his seven known children, the media outlet stated that Vivian wishes to stay away from any attention and the limelight.

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Elon Musk Says He Is Undecided on U.S. Election at This Point (U.S News & World Report Money)

When asked if he would support former president Donald Trump, he said he was undecided at this point. Musk appeared virtually at the Qatar Economic Forum ...

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Five Takeaways From What Elon Musk Said at Qatar Economic ... (BNN)

(Bloomberg) -- Here are the five key takeaways from Tesla CEO Elon Musk's interview with Bloomberg News Editor-in-Chief John Micklethwait at the Qatar ...

- A recession in the US “is inevitable at some point,” he said. - More detail on Tesla job cuts: “Tesla is reducing its salaried workforce roughly 10% over the next three months or so. “As to whether there is a recession in the near-term, that is more likely than not”

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Elon Musk's trans daughter doesn't want to 'be related' to him ... (India TV)

Reports claim that Elon Musk's daughter wants to be recognised as female, but the name change is not just about her transitioning, there is clearly a rift ...

Reports claim that Musk's daughter wants to be recognised as female, but the name change is not just about her transitioning, there is clearly a rift with her dad. One of the Twitter users opined, "I get that Elon Musk's daughter is trans but I really don't think using her story as some dunk for trans rights is the move. Another one said, "Do not share her deadname and address. Here's what netizens are saying to Musk and his daughter: According to reports, one of Musk's children wants nothing to do with him and has filed legal documents to drop his famous last name. The tech billionaire's transgender daughter has reportedly filed a request to change her name to reflect her gender identification and avoid any ties to her biological father.

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Elon Musk warns of supply constraints; Doha gas deals at Qatar Forum (Business Standard)

Tesla Chief Executive Officer Elon Musk told the Qatar Economic Forum that supply constraints are the biggest brake on the electric-car maker's growth.

Musk said there are still a few “unresolved matters” about Twitter, and is still waiting for a resolution on the matter of how many bots are on the social media platform. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance. TotalEnergies SE of France and Italy’s Eni SpA have also bought stakes, while Shell Plc and Exxon Mobil Corp. are among the others making bids. “At peak, these two discoveries could bring $5.6 billion to a very small economy, doubling the GDP by 2040,” Comalie said, without giving details on when fields could start production or how much oil will be pumped. “We’re getting very close,” as measures of consumer confidence, retail sales, manufacturing activity and housing are all slowing down sharply while inflation is high, he said on Bloomberg TV. Exxon Mobil Corp. said global oil markets may remain tight for another three to five years largely because of a lack of investment since the pandemic began. Jobs cuts at the electric-car maker will lead to a 3.5% reduction in headcount, he said. State-run QatarEnergy is scheduled to announce another deal on Tuesday, and Al-Kaabi said Exxon Mobil will get a stake. The Gulf state, among the world’s biggest LNG exporters, is one of few nations that can substantially replace Russian gas supplies to Europe.

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Elon Musk's Transgender Child Petitions Court For Name Change ... (HuffPost UK)

The 18-year-old no longer wishes to be "related to my biological father in any way, shape or form," according to a Los Angeles court filing.

The Tesla billionaire has not commented publicly on the court filing. A hearing on the request will take place on Friday. The teen also asked for a new birth certificate with her new name.

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Elon Musk's child seeks name change to sever all ties with him (Gulf Today)

Formerly known as Xavier Alexander Musk, she is the daughter of the business tycoon and his first wife Justine Wilson. The couple separated in 2008.

Her new name was redacted in the online document, the agency pointed out. “I no longer live with or wish to be related to my biological father in any way, shape or form,” said the petition, according to news agency Reuters. Elon Musk’s daughter from his first marriage has filed a petition to change her name, saying she does not “wish to be related to my biological father in any way, shape or form” and to reflect her new gender identity on the documents.

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Elon Musk's child seeks name change to sever ties with father (DAWN.com)

Elon Musk's transgender daughter has filed a request to change her name in accordance with her new gender identity and because "I no longer live with or ...

The petition for both a name change and a new birth certificate reflecting her new gender identity was filed with the Los Angeles County Superior Court in Santa Monica in April. It came to light recently in some online media reports. The former Xavier Alexander Musk, who recently turned 18, the age of consent in California, has asked the court to change her gender recognition from male to female and to register her new name, according to court documents available online through PlainSite.org. Elon Musk's transgender daughter has filed a request to change her name in accordance with her new gender identity and because "I no longer live with or wish to be related to my biological father in any way, shape or form".

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Elon Musk's 'Pronouns Suck' Tweet Resurfaces after Trans Daughter ... (News18)

Tesla chief Elon Musk's transgender daughter, named Xavier Alexander Musk at birth, has filed documents to drop her name and has decided to declare her ...

In another tweet, Musk had written, “I absolutely support trans, but all these pronouns are an esthetic nightmare." “We’ve seen this kind of homophobia and transphobia before, there is nothing salvageable about what he said," the person wrote. Musk’s ex-wife had commented on the same: “I cannot support hate."

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Elon Musk says US 'recession is inevitable' (Proactive Investors USA & Canada)

Musk is the latest in a growing chorus of commentators warning the US economy is set for a recession. Goldman Sachs -. Tesla chief executive Elon Musk said ...

“As to whether there is a recession in the near term, that is more likely than not,” he said. Goldman Sachs (NYSE:GS) economists earlier this year said they see a 30% probability of entering a recession within the next year, up from previous estimates of 15%. Tesla chief executive Elon Musk said a recession in the US 'is inevitable at some point” and' is more likely than not" in the near term.

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Who Is Xavier Musk? Elon Musk's Transgender Daughter Files for ... (Newsweek)

After Xavier Alexander Musk turned 18 in April, she filed a petition with a courthouse to change her name to Vivian Jenna Wilson, after her mother.

On December 14, 2020, Musk tweeted: ""when you put he/him in ur bio", with a meme showing a picture of a soldier rubbing bloody hands down his face. "I love you but please turn off ur phone or give me a dall. The Tesla CEO and SpaceX founder has previously stoked controversy with his views on pronouns.

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Elon Musk's transgender child looks to change name to cut all ties ... (Fox News)

Musk's child, Xavier Alexander Musk, has asked for both a name change and a new birth certificate reflecting a new gender identity.

Musk's child has asked for both a name change and a new birth certificate reflecting a new gender identity. Musk's child, Xavier Alexander Musk, has asked for both a name change and a new birth certificate reflecting a new gender identity Billionaire Elon Musk's transgender child has filed a request for a name change over gender identity in an effort to cut ties with their father.

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Elon Musk's daughter applies to legally change name to sever ties ... (Metro)

The 18-year-old, formerly known as Xavier Alexander Musk, has asked to change her gender recognition from male to female and change her name. In the court ...

Before welcoming Exa, Musk and Grimes had split but then rekindled their romance. Touching on why she decided to keep Exa’s arrival under wraps, she continued: ‘I don’t know. In December, Musk welcomed his second child with girlfriend Grimes, with the pair keeping the birth on the downlow for a few months. In the court documents, filed at the Superior Court of California, County of Los Angeles, Musk’s daughter cited the reason for the name change as being: ‘Gender Identity and the fact that I no longer live with or wish to be related to my biological father in any way, shape or form.’ The 18-year-old, formerly known as Xavier Alexander Musk, has asked to change her gender recognition from male to female and change her name. Elon Musk’s daughter has applied to legally change her name, partly because she she wants to sever ties with her father.

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Elon Musk Says U.S. Recession Is 'Inevitable,' More Likely In The ... (Forbes)

Tesla CEO and billionaire Elon Musk said the U.S. economy will likely face a recession in the near term in an interview with Bloomberg on Tuesday, ...

Besides Musk, several other top business leaders in the U.S. have flagged concerns about an upcoming recession in the U.S. Speaking two days before the Fed’s rate hike, Morgan Stanley CEO James Gorman placed the odds of a recession at “50-50” up from an earlier prediction of 30%. Gorman, however, said that a “deep or long recession” was unlikely. The billionaire, however, remained non-committal about supporting Donald Trump’s candidacy, stating he was “undecided at this point.” The survey in question was conducted in May, several weeks before the Federal Reserve’s steep hike in interest rates, which heightened concerns about a downturn. Dimon said his bank is preparing for “bad outcomes.” Similarly, Wells Fargo CEO Charles Scharf in May said it will be “hard to avoid some kind of recession” but he did not expect it to be a deep recession. The measure was undertaken after data from the Labor Department showed that consumer prices in the U.S. were at a 40-year high with annual inflation surging to 8.6% in May. Previously, in an internal email to Tesla executives, Musk said he had a “super bad feeling” about the economy as he called for layoffs in the company.

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Anticipating U.S. downturn, Elon Musk details Tesla staff cuts (Reuters)

Elon Musk, CEO of Tesla , said a 10% cut in salaried staff at the electric car maker will happen over three months, as the world's richest man predicted a ...

Register now for FREE unlimited access to Reuters.com And then will the shareholders vote in favour?" Register now for FREE unlimited access to Reuters.com Register now for FREE unlimited access to Reuters.com

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Elon Musk says 3 issues need to be resolved before his Twitter ... (CNBC)

Musk is seeking to buy Twitter for $44 billion, a mega acquisition with huge implications for the social media world. The fate of the deal has become more ...

"Will the debt portion of the round come together? And then will the shareholders vote in favor?" Whether or not Musk will get enough shareholder support for the buyout remains unclear. He has sold and pledged billions in Tesla shares as collateral for the loans. Public disclosures from Twitter place the number of false or spam accounts at less than 5% of its "monetizable" daily active users. The billionaire could face a $1 billion breakup fee and possibly even lawsuits if he were to abandon the deal.

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Still Unresolved Issues With Twitter: Elon Musk On Buyout Delay (NDTV)

Elon Musk said there are still a few unresolved matters with his Twitter offer including the number of spam users on the system and the coming together of ...

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Elon Musk clarifies Tesla will lay off 3.5% of total workforce as ex ... (CNBC)

Musk said Tesla will reduce its salaried workforce by 10% in the next three months, while also growing the number of hourly employees.

A recession in the near term is "more likely than not," he said. The company has also faced allegations of racism against Black workers. "Anything that relates to Tesla gets big headlines, whether it is a bicycle accident or something much more serious." Salaried workers account for about two-thirds of Tesla employees, he added. A report earlier this month from Reuters said Musk wanted to cut 10% of jobs, citing an internal email penned by the Tesla CEO. In the memo, Musk reportedly said he has a "super bad feeling" about the economy. Speaking at an event hosted by Bloomberg on Tuesday, Musk said Tesla would reduce its salaried workforce by 10% in the next three months, while at the same time growing the number of hourly employees.

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Musk Says 'A Few Unresolved Matters' on Twitter Deal (Bloomberg)

Elon Musk says there are still a few “unresolved matters” about Twitter Inc., and is still waiting for a resolution on the matter of how many bots are on ...

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Elon Musk Says Tesla Job Cuts Will Reduce Workforce by 3.5% (Bloomberg)

Elon Musk confirmed the salaried workforce at Tesla Inc. would be cut by about 10% over the next three months, but said the overall reduction in the ...

Elon Musk confirmed the salaried workforce at Tesla Inc. would be cut by about 10% over the next three months, but said the overall reduction in the electric-car maker’s headcount would only be some 3.5% as hourly staff numbers are still expected to grow.

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Elon Musk's child seeks name change to reflect gender identity and ... (NBC News)

Elon Musk's transgender daughter has filed a request to change her name in accordance with her new gender identity and to sever ties with her father.

The petition for both a name change and a new birth certificate reflecting her new gender identity was filed with the Los Angeles County Superior Court in Santa Monica in April. It came to light recently in some online media reports. The former Xavier Alexander Musk, who recently turned 18, the age of consent in California, has asked the court to change her gender recognition from male to female and to register her new name, according to court documents available online through PlainSite.org. Elon Musk’s transgender daughter has filed a request to change her name in accordance with her new gender identity and because “I no longer live with or wish to be related to my biological father in any way, shape or form.”

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Elon Musk Reiterates Support for Dogecoin at Qatar Economic Forum (Decrypt)

Elon Musk reiterated that he "personally supports Dogecoin," while arguing that he has “never said that people should invest in crypto.”

Musk confirmed at the Qatar Economic Forum that there are still “ unresolved matters” on the deal. In April, Twitter accepted Musk’s $44 billion takeover bid, but the CEO appears to have gotten cold feet for the time being. Earlier this year, he announced that both Tesla and SpaceX will accept Dogecoin payments for some merchandise.

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Elon Musk: Tesla is laying off 3.5% of total workforce (Business Insider)

CEO Elon Musk said that means it's cutting around 3% to 3.5% of its total workforce. Musk's messaging around the cuts has been confusing at times. Get the ...

The pair say this violated the Worker Adjustment and Retraining Notification Act. Musk called the suit "pre-emptive," "trivial," and said it had "no standing." "We grew very fast on the salaried side and we grew a little too fast in some areas, and so it requires a reduction," he said.

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Elon Musk's Daughter Has Filed Court Documents To Change Her ... (BuzzFeed News)

She was given the name Xavier Musk at birth, but now wants her name to be Vivian Jenna Wilson. The last name was her mom Justine Musk's maiden name.

Elon was married to Vivian’s mom Justine between 2000 and 2008. The organization's president, Alphonso David, added in a separate statement: “Elon Musk’s tweet mocking pronouns is exactly the opposite of what inclusive leadership looks like today. It’s also decidedly out of step with the best practices we advise companies. “I cannot support hate. But five months later, in December 2020, the billionaire shared a cartoon of a soldier smearing blood on his face while wearing a hat with the slogan: “I love to oppress.” The cartoon had the caption: “When you put he/ him in ur bio.” In July of that year, Elon posted: “Pronouns suck” to his social media page, but deleted it after his on-again off-again girlfriend Grimes confronted him.

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Elon Musk's $44 billion Twitter deal gets board endorsement (ABC News)

Twitter's board is recommending that shareholders approve the proposed $44 billion sale of the company to billionaire and Tesla CEO Elon Musk.

Shares of Twitter Inc. were essentially flat just before the opening bell Tuesday and far short of the $54.20 per-share that Musk has offered to pay for each. If the deal were to close now, investors in the company would pocket a profit of $15.22 for each share they own. In a filing with the U.S. Securities and Exchange Commission detailing on Tuesday detailing a litter to investors, Twitter's board of directors said that it “unanimously recommends that you vote (for) the adoption of the merger agreement."

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Elon Musk And The Super Alluring Dream For A 'Super App' (Forbes)

Musk wants Twitter to be more like Chinese platform WeChat, a common but unfulfilled dream among Silicon Valley moguls.

Which is telling about how Dorsey must’ve viewed the chances of a super app succeeding in the U.S. I think a super app would run into antitrust and anticompetition obstacles in the United States.” If Musk did pull off what the rest of Silicon Valley hasn’t been able to and gets his super app, it would be a big commercial operation. Largely, the U.S. companies have struggled to tie in the payments part of WeChat’s ecosystem to their own. WeChat takes in revenue through ads and collects a portion of the money that flows through its app. And Instagram has made great hay out of its expanded shopping tools, including the ability to check out directly through its app. And when I went to work in Beijing from 2016 to 2018, that was when I really got to know the system pretty well.” It is a commercial triumph, but it must exist hand in hand with China’s censors. Its business is long-undersized compared to the platform’s presence in culture and politics. Only remember the TikTok part of Trump’s efforts? Those apps and others developed by WeChat, like the PayPal-esque WeChat Pay, connect every facet of life in China through QR codes: hailing a cab, buying groceries, booking a doctor’s visit, purchasing insurance. (At the meeting, he also discussed the possibility of alien life.) But his thinking about WeChat isn’t, though it is not especially novel.

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Elon Musk's child tells court she no longer wants 'to be related' to her ... (CNN)

One of Elon Musk's children has petitioned a California court to recognize her new name and gender, saying she no longer wishes to be related to her famous ...

The petition was filed by Xavier Alexander Musk, who turned 18 earlier this year and made the filing with a county court in Los Angeles soon thereafter. He has been criticized for some of his statements on Twitter regarding gender identity issues. : "I absolutely support trans, but all these pronouns are an esthetic nightmare."

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Elon Musk: Billionaire's daughter cuts ties with her father (BBC News)

The 18-year-old has asked to be recognised as female and have the name Vivian Jenna Wilson. She was known as Xavier Alexander Musk. The ...

This controversial piece of legislation restricts schools from teaching students about sexual orientation and gender issues, with teachers opening themselves up to lawsuits should they fail to comply. He then said: "I absolutely support trans, but all these pronouns are an aesthetic nightmare." Last year he complained about people using their own pronouns.

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Elon Musk says 'inevitable' US recession will probably come soon (The Guardian)

Musk's comments, echoing other CEOs, are accompanied by plan to lay off 10% of Tesla's salaried staff.

“Tesla is reducing its salaried workforce by roughly 10% over the next probably three months or so,” Musk said at the event hosted by Bloomberg. “We expect to grow our hourly workforce. And then will the shareholders vote in favour?” “A recession is inevitable at some point.

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Twitter board approves proposed $44B sale of platform to Elon Musk (CBS News)

If the deal, which shareholders need to vote on, were to close now, investors would pocket a profit of $15.22 per share.

Musk reiterated his concerns at the forum in Qatar, specifically in comments regarding the possibility of an impending recession. If the deal were to close now, investors in the company would pocket a profit of $15.22 for each share they own. Twitter CEO Parag Agrawal at the time did not explain Musk's decision to reverse course, saying only that it was "for the best."

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Elon Musk on Twitter, Tesla and Trump (Bloomberg)

Elon Musk struck a sober tone Tuesday as he forecast a probable recession in the US and left doubts about his commitment to a $44 billion takeover of ...

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Twitter Board Again Urges Shareholders To OK Elon Musk Takeover ... (Deadline)

Twitter's board of directors urged shareholders to approve Elon Musk's $44 billion takeover. But Musk says "unresolved" issues remain.

In addition to the financial aspects of the Twitter deal, Musk fielded questions about what stance he would take on the nature of content that would be allowed on the platform. “There’s this big difference between freedom of speech and freedom of reach, in that one can in the United States go to the middle of Times Square and yell pretty much anything you want. “That is an appealing system to use.” Eventually, he said, the goal would be to get “80% of North America and half the world” onto Twitter, which would be a steep increase from the current level of 229 million daily active users. In an SEC filing this morning, Twitter warned shareholders that if the deal does not go through, “the price of our common stock may decline significantly.” The balance of the funding will come via a yet-to-be-finalized set of bank loans. “That’s probably not most users’ experience,” he said at the Qatar event, in which he took part virtually.

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Elon Musk Sounds Off on Recession Risk, Twitter Deal and Trump (Bloomberg)

World's richest man says layoffs are underway at Tesla amid supply constraints and explains why he likes Dogecoin, in Bloomberg interview.

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Elon Musk: Tesla is cutting salaried staff now, but will hire more soon ... (CNN)

Tesla is moving ahead with plans to layoff about 10% of its salaried staff, CEO Elon Musk said Tuesday. But he also expects the company's overall workforce ...

on those comments, stating in tweets that "total headcount will increase, but salaried should be fairly flat." "A year from now I think our headcount will be higher in both salaried and obviously in hourly," he said. We grew very fast on the salaried side and we grew a little too fast in some areas, and so it requires a reduction in salaried work force."

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Why Elon Musk Still Isn't Ready to Wrap Up Twitter Deal (Vanity Fair)

As Twitter's board endorses his $44 billion bid, the billionaire Tesla chief says there are “a few unresolved matters” holding up the works.

Rounding out the three issues that “need to be resolved” before the Twitter buyout can be completed is the question of whether the debt financing for the deal will “come together,” Musk said at the forum. “I think I am undecided at this point on that election,” Musk said. Earlier this month, a Twitter spokesperson said that the company is cooperating with Musk’s data requests and plans to “close the transaction and enforce the merger agreement at the agreed price and terms.” Still, the company is currently trading at $38.63, a far cry from Musk’s $54.20-per-share offer price and a sign of continued market skepticism toward the deal’s viability. “As to whether there is a recession in the near term, I think that is more likely than not. During a remote Q&A at Bloomberg’s Qatar Economic Forum on Tuesday, Musk asserted that “there are still a few unresolved matters” in regard to the deal going through, including whether Twitter’s shareholders will approve it.

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Elon Musk's daughter legally changes name and cuts ties with her ... (The Guardian)

'I no longer live with or wish to be related to my biological father in any way, shape or form,' she said in a petition.

Please don’t out someone against their will – it’s not right.” Musk did not immediately respond to additional request for comment. “I think it is important to defend her right to privacy. Musk, the world’s richest man, is engaged in a high-profile, $44 bn bid to take over social media platform Twitter. On Tuesday, Twitter’s board unanimously recommended that shareholders approve the proposed sale, according to a regulatory filing.

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Twitter board 'unanimously' endorses Elon Musk's $63 billion ... (ABC News)

In a unanimous decision, Twitter's board says it has advised its shareholders to approve the proposed $63 billion sale of the company to billionaire and ...

If the deal was to close now, investors in the company would pocket a profit of $US15.22 for each share they own. Mr Musk reiterated his desire to move forward with the acquisition last week during a virtual meeting with Twitter employees, though shares of Twitter remain far below his offering price, signalling considerable doubt that it will happen. - If the deal was to close now, investors would pocket a profit of $US15.22 for each share they own

Elon Musk Outlines Final Steps Required to Consummate Twitter Deal (Social Media Today)

Time for a quick check in on the Elon Musk Twitter takeover – so how close are we to Elon becoming Tweeter–in-Chief? Musk addressed the topic in an ...

- Shareholder approval – Lastly, Twitter shareholders actually have to accept Musk’s proposed deal, which Twitter’s board hasrecommended that they do. Musk has committed to paying $33.5 billion in cash, with an additional$7.1 billion in equity financing commitments from investors. - Debt financing – Despite being the richest man in the world (arguably), Musk also needs to secure final funding for his $44 billion Twitter offer.

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Anticipating U.S. downturn, Elon Musk details Tesla staff cuts (The Hindu)

Musk said the cuts would apply only to salaried workers, meaning a 3.5% reduction in total headcount, changes he described as “not super material”

And then will the shareholders vote in favour?" The most important thing was to take the company in the right direction, as at his private rocket company SpaceX and Tesla, he said. "Whether I am CEO is much less important than my ability to drive the product in the right direction," he said. In an email on June 2, seen by Reuters, Musk told Tesla executives he had a "super bad feeling" about the economy and that the company needed to cut staff by about 10% and "pause all hiring worldwide". Speaking at the Qatar Economic Forum organised by Bloomberg, Musk said the cuts would apply only to salaried workers, meaning a 3.5% reduction in total headcount, changes he described as "not super material". His remarks were his most detailed explanation of job cut plans and his first in-person appearance since Reuters reported at the start of this month that the company needed to cut staff by about 10% and was pausing hiring worldwide.

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