Serial entrepreneur Elon Musk manages several companies while also administering them all. He is affiliated with two businesses: Neuralink and The Boring Company. While Neuralink focuses on artificial intelligence, The Boring Company is widely recognized for its tunnels.
Musk Sends Crucial Warning In Regards To Starlink
Through SpaceX, he has rekindled the desire to settle on Mars. Quite a few people have praised the product that SpaceX developed. In addition, Starlink offers a satellite internet access service. The Ukrainian armed forces now use Starlink as their principal communication method.
It furthermore acts as a front line in the fight with Russia. Musk just finished buying Twitter (TWTR) for $44 billion. According to him, Twitter serves a similar purpose as a town square in today’s society. He’s been swamped the last several weeks because of this platform.
Using it, the billionaire intends to create a “Super App.” Musk claims that this Super App would provide consumers access to various services. These services include the opportunity to shop, book a car, and buy tickets for a flight, among other things.
Despite its apparent influence on public debate, Twitter still has significant issues. The company needs help generating money and becoming profitable.
Musk Now Devotes Most of His Time to Twitter
Musk has spent many days finding new revenue streams. He controversially cut half the group’s staff and raised Blue’s pricing by adding account authentication.
Additionally, Musk wants to retain the platform’s departing advertisers. Fear of offensive, racial, and anti-Semitic speech is the reason behind this. According to Musk, who calls himself a “free speech absolutist,” anything may go as long as it’s lawful.
Since he mainly uses it for Twitter, people often overlook Tesla as Musk’s true passion. Yet, it was with the electric car company that Musk first solidified his reputation as a visionary.
Twitter’s popularity has led to worries that CEO Musk is paying less attention to Tesla at a crucial time. Due to massive investments made in electric vehicles by Chinese and established automakers, the market for electric cars is very competitive.
Tesla has a complete product roadmap to keep its position as the market leader. The Semi truck will go into production on December 1, and the Cybertruck in the middle of 2023.
Musk Claims There’s a Lot More to Be Done at Tesla
Tesla’s share price has decreased by 38.1%, reaching $207.47. This is the current case since Elon Musk offered to acquire Twitter for $44 billion on April 25.
As a result, the corporation’s market capitalization had shrunk to more than $450 billion by the end of the year. Its market capitalization had begun the year at more than $1.12 trillion. The current value of Tesla on the stock market is $655.2 billion.
Musk is an essential cog in the wheel that is Tesla’s success. Investors believe he helped the electric vehicle maker build such a large stockpile. Consequently, many equate Tesla with Musk.
Despite producing fewer than one million cars in 2021 compared to its rivals’ several million, the entrepreneur’s absurd projections justify a large part of Tesla’s pricing. These firms are stock market minnows compared to Tesla.
The billionaire has reassured investors since he knows their fears. A Tesla fan’s tweet started everything. The tweeter said that Tesla is operating flawlessly without Elon while he concentrates on reforming Twitter. Musk responded to the tweet.
The message’s aim to reassure followers of the upscale electric car maker was successful.