Elon Musk has unexpectedly become the largest shareholder in social media company Twitter with about $ 3 billion in shares. The Tesla and SpaceX founder now owns 73.5 million shares of Twitter, or 9.2% of the social network’s common stock. The acquisition of the shares took place on March 14, according to regulatory information released by Twitter.
Elon Musk’s participation in the capital of Twitter, no matter how unusual, has its own logic: Elon Musk has really established himself as a regular and avid user of the site, with over 80 million followers. He uses everything from jokes and memes to news about the nature of the universe and rocket launches and Tesla performance. Entrepreneurs recently used the site to discuss the role of Twitter, in a conversation that could get extra vibes after revealing its giant shares.
At the end of March, the businessman posted a survey on Twitter about the social network around the following question: “Freedom of expression is essential for the proper functioning of democracy. Do you think Twitter strictly adheres to this policy? ⁇
At the time, he noted, “The results of this survey will be significant. Vote carefully. ” When only less than one-third of respondents pledged to respond, that is the sentence that gets the full repercussions today. “Democracy is fundamentally detrimental if Twitter fails to adhere to the principles of freedom of expression because it acts as a pragmatic public square,” Elon Musk commented before another question: “Need a new platform?
Tesla’s record sale
News about Elon Musk did not stop there. The latter provided Tesla’s sales figures. According to the report, electric car maker Tesla produced 305,407 vehicles in the first quarter of 2022 and delivered 310,048 vehicles to buyers. Sold out in the first quarter of 2021.
Most of Tesla’s products focus on the more expensive Model 3 and the high-end Model Y SUV that arrived in 2020. Tesla produced 291,189 models and delivered 295,324 units during the quarter, according to a statement from Tesla. The automaker has produced 14,218 Model S and Model X electric vehicles and delivered 14,724.
However, Elon Musk described the last few months as an “exceptionally difficult” quarter due to supply chain disruptions associated with the re-emergence of the Govt-19 epidemic in China, part of Tesla’s productivity.
Used in Tesla’s Chinese factory in Shanghai, especially in the production of the Model 3 and Model Y. By 2020, Elon Musk noted that the site could produce 150,000 Model 3s per year. As a reminder, the factory in Fremond, California could theoretically produce 400,000 units a year. Recall that Tesla opened its “Gigafactory” in Berlin last week, which could produce 500,000 cars a year … Volkswagen sells 450,000 electric vehicles worldwide each year.
“Incurable web evangelist. Hipster-friendly gamer. Award-winning entrepreneur. Falls down a lot.”