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Category: Elon Musk – Page 104

Elon Musk could fire 5,000 employees at Twitter due to ‘bloat’

Tesla CEO sees Twitter as a ‘bloated’ organization, employing far more people for its revenues.

Elon Musk’s Twitter takeover has entered an interesting stage where he can sit down with the company’s lawyers and iron out a deal. However, the deal could see 5,000 employees facing the axe at Twitter, Washington Post.

Difficult times at Twitter.

Heisenberg Media/ Wikimedia Commons.

Twitter currently employs 7,500 workers, and documents accessed by the media outlet show that Musk plans to trim down the workforce by as much as 75 percent, down to a skeleton staff of just 2,000. In internal Slack channels, employees have reacted to this news with anger, WaPo reported.

Behold Musk: China just successfully tested a Hyperloop-like train system

The first in the world to do so.

Researchers at the North University of China have successfully completed the test of a Hyperloop-like train system that runs trains in a low vacuum environment inside a tube, local news outlet, China Daily.

In theory, the system can be used for transporting people as well as goods and consists of long tubes that maintain a low vacuum to allow transport with minimal air resistance.

Zhejiang Geely Holding Group.

Hyperloop is the name given to a high-speed transit system that was popularized by Tesla CEO Elon Musk in 2012. A year later, Musk also released a white paper that conceptualized such a system running between Los Angeles and San Francisco in the U.S.

Tesla’s new vehicle platform will be cheaper and less labor intensive, says Musk

That’s what Musk announced during Tesla’s Q3 2022 earnings call.

The third vehicle platform for Tesla, following the big one supporting the Model S and X and the small one supporting the Model 3 and Y, has received new information from company CEO Elon Musk.

Customers, investors, and Tesla supporters have been anticipating the company’s introduction of a new vehicle that will be less expensive than the current models for some time.

Tesla.

The cost and labor involved in manufacturing Tesla’s new vehicle platform will be significantly reduced. The company added that it will produce more than all of its other existing vehicles put together.

Continue reading “Tesla’s new vehicle platform will be cheaper and less labor intensive, says Musk” | >

Elon Musk Believes Tesla Stock Will Be Worth More Than Apple and Saudi Aramco Combined

Elon Musk made a bold prediction during Tesla’s Q3 2022 earnings call stating that Tesla would grow to become an enormous company by the end of this decade.

Tesla CEO Elon Musk dazzled and entertained listeners during the call, which was full of jokes and ambitious goals. That’s when he made the bold statement that Tesla could surpass both Apple and Saudi Aramco’s market cap in the future.

Back in 2017, Elon Musk said Tesla would exceed Apple’s market cap of $700 billion in just a few years. Tesla did just that back in 2020 during its glorious bull run and hit the $1 trillion mark during the height of the 2021 stock market bull run.

Elon Musk: A combination of Einstein, Tesla and Rockefeller, says former SpaceX exec

Musk was inspired by Alexander and Napolean, says his father.

Elon Musk is a combination of Albert Einstein, Nikola Tesla, and John D. Rockefeller, according to Dolly Singh, a former SpaceX executive who worked with Musk between 2008 and 2013.

Daniel Oberhaus/ Wikimedia Commons.

The Elon Musk Show is a three-part documentary, available only in the U.K., that looks to unravel the making of Elon Musk through interviews with family, friends, former employees as well as Musk’s adversaries. The first episode aired last week, while Singh made the comments in the second episode, which Business Insider has previewed.

We are entering a new era powered robotics

Did you miss a session from MetaBeat 2022? Head over to the on-demand library for all of our featured sessions here.

Many observers were disappointed with the recent demo of the AI-enabled “Optimus” robot at Tesla’s AI Day. One reviewer cleverly titled his article “Sub-Optimus.” However, these views actually miss the point. Whatever else may be said of Elon Musk, he is a genius at sensing timing and opportunity, applying technology and providing the necessary resources.

The quality and enthusiasm of the engineering team suggest Optimus could succeed, even if it takes longer than the estimate of 3 to 5 years for full production. If successful, Optimus could bring personal robots into the mainstream within a decade.

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