Tesla: Musk’s EV giant ready to enter UK insurance market with launch of London firm February 6, 2023 Electric vehicle (EV) maker Tesla appears to be readying itself to begin insuring British drivers through the launch of its own London-based insurer. Elon Musk’s automotive company is seeking to open a UK branch of its Malta-based insurance business, filings to Companies House show. Tesla is also hiring a lawyer to work in its “full-stack [...]
Elon Musk: Twitter a ‘powerful tool’ to drive Tesla’s demand as car maker’s revenue soars to $24.3bn January 26, 2023 Twitter is “an incredibly powerful tool” to drive Tesla’s demand, according to chief executive Elon Musk. “I really encourage all kinds of automotive companies to use their Twitter accounts in ways that are interesting, informative and entertaining and it will help drive sales just as it has with Tesla,” Musk told investors on Wednesday night. [...]
A bad Musk: Ad spending on Twitter fell by 70 per cent in December, new data shows January 25, 2023 Spending on adverts on Twitter dropped by 70 per cent in December, new data has revealed. The fresh statistics, from advertising research company Standard Media Index, shows that firms are losing confidence in the social media platform and raises further questions about whether Musk will be able to turn things around. According to reports, Twitter [...]
Crown Estates sues Twitter over unpaid rent of its Piccadilly Circus HQ January 24, 2023 Twitter is being sued by the Crown Estates over unpaid rent relating to its Piccadilly Circus-based headquarters building. The Crown Estates manages property for King Charles III and the monarchy, which includes the 10m sq Twitter headquarters in central London. The estate filed the claim against Twitter Inc, which is also facing legal action over [...]
Tesla shares: How Musk made history with the biggest loss of personal wealth ever recorded January 12, 2023 The ongoing woes at social media microblogging site Twitter have impacted hugely on the wealth of its owner, the world’s richest person Elon Musk. Musk lost an estimated £135bn between November 2021 and December 2022, according to Guinness World Records. This means he holds the record for the largest ever loss of a personal fortune. [...]
The Notebook: Victoria Scholar on defensive plays, BA’s new uniforms and Elon Musk’s fall from fortune January 10, 2023 | City Talk The Notebook is a new feature for 2023, allowing the City’s biggest names to get a few thoughts off their chest. Today it’s the turn of Victoria Scholar, Head of Investment at interactive investor It has been widely reported that the UK is on the brink of recession while a third of the global economy [...]
Twitter users horrified as 200m leaked email addresses sold on dark web, but who is being blamed for the breach? January 6, 2023 A major security breach at online micro-blogging site Twitter has been blamed on owner Elon Musk’s mass firing of staff. Over 200 million Twitter users woke up to find their email and log-in details had been posted online. According to several reports, the data was stolen over a year ago but has only just been [...]
Musk lifts Twitter ban on political ads but may need to do more to lure advertisers back to the social media site January 5, 2023 Twitter is to lift its ban on political ads after losing nearly a million users since it was bought by Elon Musk in October last year. Musk’s controversial policy of reinstating controversial accounts including that of former US President Donald Trump, led to the reported loss of nearly 50 per cent of Twitter’s top advertisers. [...]
Musk miss: Tesla’s latest update leaves investors with yet more questions January 3, 2023 Tesla has missed analyst estimates as it delivered only 405,000 cars in the fourth quarter of 2022 – significantly fewer than Tesla-watchers were expecting. Wall Street had hoped for the number to be above 430,000. The miss is the latest cloud hanging over the firm’s controversial founder Elon Musk, with the firm’s 40 per cent [...]
What Elon Musk did next: Tech entrepreneur promises 2023 won’t be ‘boring’ January 2, 2023 Elon Musk tweeted that 2023 would not be boring. He followed this up by hinting at a release of the “Fauci Files” later this week. Musk has been critical of Dr. Anthony Fauci, who stepped down as the White House chief medical advisor at the end of 2022. In December, he had made a tweet [...]