Dubai: Khansa Al Zubair
According to “Forbes”, Tesla’s stock fell to its lowest level in 11 months, down 49% (half its value) from its highest level ever, which was in November 2021.. After the company’s value reached more than 1.2 A trillion dollars a little over six months ago has now fallen to 630.8 billion dollars, losing more than half a trillion dollars in market value.
And Tesla’s share, which exceeded $1,243 a day, closed on Tuesday at $628.16.
It appears that the plan of Elon Musk, the CEO of the company, to buy Twitter did not help, and Dan Ives, an analyst at private banking firm Wedbush, comments, “Shareholders are running out of patience with Musk’s frantic moves with the social media giant.” And he believes that “this takeover offer, which was called the circus offer, constituted a great burden on Tesla’s stock, and was a discount on Musk, and the main market pressures for technology stocks exacerbated concerns.”
Musk used to do weird things sometimes, tweeting that cost him millions of dollars, and lately he’s been in the news almost every day, for one thing or another. But now it seems that his unpredictable antics are finally starting to have repercussions.
The sharp decline in Tesla shares contradicted previous expectations that the stock would continue its strong jumps during 2022, and while the world was celebrating the approaching start of the new year 2022, Wedbush Financial Consulting expected that Tesla would occupy a better position in the new year, supported by strong demand. In China, new plants are opening in the United States and Germany, according to a note from Wedbush analyst Daniel Ives at the time.
The memo expected that the shares of the electric car maker would witness a rise of nearly 30% during 2022, which means that the company’s market value would have reached the limits of two trillion dollars, according to expectations.
Tesla’s stock rose regarding 55% during 2021, which pushed the company’s market value to exceed one trillion dollars, at a time when CEO Elon Musk sold a share of his shares in the company since November, and Musk’s sales of the company’s shares reached 10 %.
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Elon Musk
Is Musk asking to reduce the value of the Twitter deal by 25%?
written by Alexandra Hartman Editor-in-Chief
It is not excluded that billionaire Elon Musk will present an amendment to his offer to acquire Twitter in proportion to the number of fake accounts, and if the fake accounts represent 25% of the platform’s users, he may reduce the value of the deal by 25%.
One user tweeted, “If 25% of users are bots, Twitter acquisition should cost 25% less.” In response, Musk said, “Sure.”
Another user asked the world’s richest man if Twitter got back to him regarding the number of real active users or what it used to be. “No, they still refuse to explain how they calculate that 5% of daily users,” Musk said. “(It’s) very suspicious,” Musk said.
“I’m concerned that Twitter has an incentive to reduce spam, because it reduces the number of users per day,” added Musk, who signed a $44 billion deal to buy the site on April 25.
Meanwhile, the Tesla chief on Tuesday launched a Twitter poll asking users regarding their experience. Mask posted the poll on Tuesday night saying – Twitter claims that over 95 percent of its daily active users are real, unique human beings. Does anyone have that experience?
The billionaire offered two answer options – a laughing symbol and “Who am I?” accompanied by an automatic code. Of the 1,595,835 votes cast, 52 percent chose the laughing emoji.
Billionaire Elon Musk had made an offer to acquire Twitter in a deal valued at $44 billion, so the controversy over the percentage of fake accounts returned, and the company confirmed that the percentage of fake accounts was only 5%.
Chip in the brain; Will eradicate diseases: Musk with new arguments | elon musk
written by Alexandra Hartman Editor-in-Chief
Elon Musk is back with new claims. The new discussion is with Nuralink, Musk’s startup. The company has been in the news at regular intervals since 2018. But reports from People say that’s just what’s happening. Musk claims to have discovered a neuroprotective device that works between the computer and the brain.
Musk discovered that the chip might help cure tinnitus, a disease found in the elderly. It is a condition in which there is a constant tingling sensation in the ear. His fans say that in the future, Musk’s neuro experiments will grow into a way to cure complex diseases.
Neuralink
Neuralink is a brain implant that translates the electrical fields produced by our brain into code that can be used to interact with many electrical devices. The company’s website says that the device will allow you to control your computer or mobile device wherever you go.
Musk introduced a small version of the project to the world last year. But it will take another two years for it to be fully tested on a human. However, the industrial use of this technology will take so long, and there are reports that its testing in humans may begin next year. At the same time, Musk argues that this technology can make a big difference to people who are physically exhausted.
Elon Musk says he can ‘no longer support’ Democrats and will ‘vote Republican’
written by Alexandra Hartman Editor-in-Chief
Elon Musk, the chief executive of electric car maker Tesla, said Wednesday that he can no longer support Democrats as he once did and that he will now vote for Republicans.
“In the past, I voted for Democrats because they were (mostly) the party of affection. But they have become the party of division and hate, so I can no longer support them and will vote Republican,” Musk tweeted.
“Now, watch their campaign of dirty tricks unravel once morest me,” said the world’s richest man, who agreed to buy Twitter.