The deal has officially closed and Elon Musk now owns Twitter. Shelly Palmer speaks with Zain Asher on CNN International's One World about the future of Twitter and whether or not Musk will be able to solve the issues he sees at his new company. Continue Reading →
On October 27, 2022 at 11:49 p.m. ET, @elonmusk tweeted, "the bird is freed." I'm wondering if he meant "fried." Elon is out about $44 billion (a substantial portion of which is his own money) and the freshly fired executive team is up approximately $88 million. It's no fun being fired, even by Elon, but the windfall of cash may ease their pain. Continue Reading →

The Tesla Optimus Robot

Are you excited about having your own personal Tesla Bot? Shelly Palmer speaks with Dan Bowens and Tashanea Whitlow on Fox 5's Good Day New York about Tesla's new robot and whether or not you'll be able to own one for under $20,000 (like Elon Musk says). Continue Reading →

Ghosts in the Tesla

Elon Musk showed off a prototype of a bipedal humanoid robot at Tesla AI Day. Known as the Tesla Bot or Optimus, the “rough development robot” walked around and waved its hands in the air. While admitting that developing a humanoid robot was not precisely in line with Tesla’s mission of accelerating the world’s transition to sustainable energy, Musk said Optimus expands the Tesla mission to “making the future awesome.” Continue Reading →

Elon & James

I know I'm supposed to weigh in on the Elon Musk/Twitter deal today. People who care about this fall into two camps: 1) Elon's just looking for a better price. 2) Elon never intended to make the purchase. Now it's going to court. As entertaining as the Elon story may be, my attention today is on James, the James Webb Space Telescope (JWST), as some of the most important astronomical images ever taken will be released at 5 p.m. ET today. Continue Reading →

Elon on Hold

Earlier this morning, Elon tweeted a reply about his upcoming purchase of Twitter to @Teslarati: "20% fake/spam accounts, while 4 times what Twitter claims, could be *much* higher. My offer was based on Twitter's SEC filings being accurate.Yesterday, Twitter's CEO publicly refused to show proof of <5%. This deal cannot move forward until he does." Continue Reading →

Elon Has the Money

According to the WSJ, a Saudi prince, Larry Ellison, and a bitcoin exchange are among a group of 19 investors who have committed more than $7 billion to back Elon Musk's bid for Twitter. Continue Reading →

Twitter & Telegram

Elon Musk has an option to purchase Twitter for $44 billion. For argument's sake, let's say Twitter has 300 million monthly active users (MAU). If so, he is paying approximately $147 per MAU. Telegram, on the other hand, has approximately 550 million MAUs. Using the same math, Telegram should be worth approximately $80 billion, but Twitter and Telegram are apples and oranges. Twitter is a publicly traded company with a traditional corporate form. Telegram is something completely different. Continue Reading →