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Elon Musks' Twitter/X and Tesla


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🔋 Musk wants to ditch Delaware
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Tesla will hold a shareholder vote to transfer its state of incorporation to Texas from Delaware, CEO Elon Musk tweeted after a judge invalidated his $56 billion pay package.

  • Kathaleen McCormick, chief judge of Delaware's Chancery Court, on Tuesday called the share-based pay package, the largest in corporate America, "an unfathomable sum," Reuters reports.

"Never incorporate your company in the state of Delaware," Musk tweeted — and started a poll asking if Tesla should now incorporate in Texas.

  • 87% of 1.1 million votes cast favored moving.

Context: More than 65% of Fortune 500 companies and over half of all U.S. publicly traded companies are incorporated in Delaware, lured by the state's business-friendly legal framework and tax policies, according to Harvard Business Services, a firm offering Delaware business formation services.

Musk shifted Tesla's corporate headquarters from Palo Alto, Calif., to Austin in 2021 after criticizing California's regulations and taxes.

  • The night of the judge's ruling, Musk tweeted a Wall Street Journal op-ed from November, co-written by former Attorney General Bill Barr, with the headline: "Delaware Is Trying Hard to Drive Away Corporations."

phkrause

By the decree enforcing the institution of the papacy in violation of the law of God, our nation will disconnect herself fully from righteousness. When Protestantism shall stretch her hand across the gulf to grasp the hand of the Roman power, when she shall reach over the abyss to clasp hands with spiritualism, when, under the influence of this threefold union, our country shall repudiate every principle of its Constitution as a Protestant and republican government, and shall make provision for the propagation of papal falsehoods and delusions, then we may know that the time has come for the marvelous working of Satan and that the end is near. {5T 451.1}
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Elon Musk Flees To Billionaires’ New Court

Elon Musk’s lawsuit-plagued SpaceX rocket company is departing Delaware for a new legal home base in Texas just as the Lone Star State rolls out a new, separate court system for businesses that will allow Republican Texas Governor — and longtime Musk ally — Greg Abbott to handpick judges.

https://www.levernews.com/elon-musk-flees-to-billionaires-new-court/?

phkrause

By the decree enforcing the institution of the papacy in violation of the law of God, our nation will disconnect herself fully from righteousness. When Protestantism shall stretch her hand across the gulf to grasp the hand of the Roman power, when she shall reach over the abyss to clasp hands with spiritualism, when, under the influence of this threefold union, our country shall repudiate every principle of its Constitution as a Protestant and republican government, and shall make provision for the propagation of papal falsehoods and delusions, then we may know that the time has come for the marvelous working of Satan and that the end is near. {5T 451.1}
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Musk abruptly cancels ‘The Don Lemon Show’ on X after he sits for the program’s first interview

SAN FRANCISCO (AP) — Elon Musk abruptly canceled “The Don Lemon Show” on his social media network X after the former CNN anchor recorded an interview with the billionaire for its as-yet unaired first episode.

https://apnews.com/article/elon-musk-don-lemon-cancellation-bdbed1da86c3640daa63e384c734f5db?

phkrause

By the decree enforcing the institution of the papacy in violation of the law of God, our nation will disconnect herself fully from righteousness. When Protestantism shall stretch her hand across the gulf to grasp the hand of the Roman power, when she shall reach over the abyss to clasp hands with spiritualism, when, under the influence of this threefold union, our country shall repudiate every principle of its Constitution as a Protestant and republican government, and shall make provision for the propagation of papal falsehoods and delusions, then we may know that the time has come for the marvelous working of Satan and that the end is near. {5T 451.1}
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X removes Haiti video Elon Musk shared

Elon Musk's X has removed a message shared by its owner that contained, per Bloomberg, an unverified video claiming to show evidence of cannibalism in Haiti.

https://www.axios.com/2024/03/14/elon-musk-haiti-crisis-video-cannibalism?

phkrause

By the decree enforcing the institution of the papacy in violation of the law of God, our nation will disconnect herself fully from righteousness. When Protestantism shall stretch her hand across the gulf to grasp the hand of the Roman power, when she shall reach over the abyss to clasp hands with spiritualism, when, under the influence of this threefold union, our country shall repudiate every principle of its Constitution as a Protestant and republican government, and shall make provision for the propagation of papal falsehoods and delusions, then we may know that the time has come for the marvelous working of Satan and that the end is near. {5T 451.1}
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Elon Musk Fought Government Surveillance — While Profiting Off Government Surveillance

Ten years ago, the internet platform X, then known as Twitter, filed a lawsuit against the government it hoped would force transparency around abuse-prone surveillance of social media users. X’s court battle, though, clashes with an uncomfortable fact: The company is itself in the business of government surveillance of social media.

https://theintercept.com/2024/03/25/elon-musk-x-dataminr-surveillance-privacy/?

phkrause

By the decree enforcing the institution of the papacy in violation of the law of God, our nation will disconnect herself fully from righteousness. When Protestantism shall stretch her hand across the gulf to grasp the hand of the Roman power, when she shall reach over the abyss to clasp hands with spiritualism, when, under the influence of this threefold union, our country shall repudiate every principle of its Constitution as a Protestant and republican government, and shall make provision for the propagation of papal falsehoods and delusions, then we may know that the time has come for the marvelous working of Satan and that the end is near. {5T 451.1}
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🔋 Tesla's new troubles
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Data: Factset, Wedbush Securities, Deutsche Bank, Morgan Stanley. Chart: Tory Lysik/Axios Visuals

Analysts predict a big Q1 decline in Tesla's deliveries when the electric automaker reports global numbers today, Axios Generate co-author Ben Geman writes.

  • Why it matters: Tesla-watchers will parse how much the slowdown stems from market headwinds hitting everyone vs. problems more specific to Tesla, including an aging lineup and competitors in key markets like China.

🛣️ Between the lines: The ranks of would-be Tesla buyers in the U.S. are shrinking, Reuters reports from a survey by market intelligence firm Caliber.

  • The firm's "consideration score" for Tesla fell to 31% in February — less than half its high of 70% in November 2021 when it started tracking consumer interest in the brand.

Keep reading.

phkrause

By the decree enforcing the institution of the papacy in violation of the law of God, our nation will disconnect herself fully from righteousness. When Protestantism shall stretch her hand across the gulf to grasp the hand of the Roman power, when she shall reach over the abyss to clasp hands with spiritualism, when, under the influence of this threefold union, our country shall repudiate every principle of its Constitution as a Protestant and republican government, and shall make provision for the propagation of papal falsehoods and delusions, then we may know that the time has come for the marvelous working of Satan and that the end is near. {5T 451.1}
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Tesla vehicle sales decline as EV interest cools

Tesla's vehicle sales declined in the first quarter at a much faster pace than anticipated, as the automaker grapples with logistical challenges and softening interest in EVs.

https://www.axios.com/2024/04/02/tesla-electric-vehicle-deliveries-q1-tsla-ev?

phkrause

By the decree enforcing the institution of the papacy in violation of the law of God, our nation will disconnect herself fully from righteousness. When Protestantism shall stretch her hand across the gulf to grasp the hand of the Roman power, when she shall reach over the abyss to clasp hands with spiritualism, when, under the influence of this threefold union, our country shall repudiate every principle of its Constitution as a Protestant and republican government, and shall make provision for the propagation of papal falsehoods and delusions, then we may know that the time has come for the marvelous working of Satan and that the end is near. {5T 451.1}
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Tesla asks shareholders to restore $56B Elon Musk pay package that was voided by Delaware judge

DETROIT (AP) — Tesla is asking shareholders to restore a $56 billion pay package for CEO Elon Musk that was rejected by a Delaware judge this year, and to shift the company’s corporate home to Texas.

https://apnews.com/article/musk-pay-compensation-corporate-registration-ef5e30f6b56f7d936f8c882fc1c96875?

phkrause

By the decree enforcing the institution of the papacy in violation of the law of God, our nation will disconnect herself fully from righteousness. When Protestantism shall stretch her hand across the gulf to grasp the hand of the Roman power, when she shall reach over the abyss to clasp hands with spiritualism, when, under the influence of this threefold union, our country shall repudiate every principle of its Constitution as a Protestant and republican government, and shall make provision for the propagation of papal falsehoods and delusions, then we may know that the time has come for the marvelous working of Satan and that the end is near. {5T 451.1}
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Elon Musk's Grok AI Pushes False News Stories About Indian Election, Iran Strike

Elon Musk's Grok AI is promoting false news stories about world events, most recently claiming that Indian Prime Minister Narendra Modi lost to his opponent, even though the election hasn't happened yet.

https://www.pcmag.com/news/elon-musks-grok-ai-pushes-false-news-story-about-indian-election-more?

phkrause

By the decree enforcing the institution of the papacy in violation of the law of God, our nation will disconnect herself fully from righteousness. When Protestantism shall stretch her hand across the gulf to grasp the hand of the Roman power, when she shall reach over the abyss to clasp hands with spiritualism, when, under the influence of this threefold union, our country shall repudiate every principle of its Constitution as a Protestant and republican government, and shall make provision for the propagation of papal falsehoods and delusions, then we may know that the time has come for the marvelous working of Satan and that the end is near. {5T 451.1}
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Tesla cuts US prices for 3 of its electric vehicle models after a difficult week

Tesla knocked $2,000 off the prices of three of its five models in the United States late Friday, another sign of the challenges facing the electric vehicle maker led by billionaire Elon Musk.

https://apnews.com/article/tesla-lowers-prices-62999b502bddefc75aa1dbee47205d62?

phkrause

By the decree enforcing the institution of the papacy in violation of the law of God, our nation will disconnect herself fully from righteousness. When Protestantism shall stretch her hand across the gulf to grasp the hand of the Roman power, when she shall reach over the abyss to clasp hands with spiritualism, when, under the influence of this threefold union, our country shall repudiate every principle of its Constitution as a Protestant and republican government, and shall make provision for the propagation of papal falsehoods and delusions, then we may know that the time has come for the marvelous working of Satan and that the end is near. {5T 451.1}
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🔋 Tesla's war footing
Illustration of the Tesla logo puncturing a tire like a nail
 

Illustration: Sarah Grillo/Axios

 

Elon Musk will address Tesla investors and analysts this evening, following a disastrous start to the year for the world's most valuable car company.

  • Why it matters: The perfect storm includes slumping sales, plummeting stock price, thousands of job cuts, internal leaks and product recalls, Axios' Nathan Bomey and Zachary Basu report.

🧮 By the numbers: Tesla's stock is down 40% in 2024. The S&P 500 is up 5%.

  • Tesla is asking shareholders to reinstate Musk's $56 billion compensation plan, which a Delaware court recently invalidated.

👀 Investors on today's call will want to know:

  • Is demand continuing to fall?
  • Is Musk committed to delivering a next-generation affordable car?
  • Is his roadmap to self-driving cars realistic?
  • Can the company sustain profitability after announcing more price cuts?

🥊 Reality check: Tesla has been in dire straits before, nearing bankruptcy multiple times during what Musk dubbed "production and logistics hell" from 2017 to 2019.

phkrause

By the decree enforcing the institution of the papacy in violation of the law of God, our nation will disconnect herself fully from righteousness. When Protestantism shall stretch her hand across the gulf to grasp the hand of the Roman power, when she shall reach over the abyss to clasp hands with spiritualism, when, under the influence of this threefold union, our country shall repudiate every principle of its Constitution as a Protestant and republican government, and shall make provision for the propagation of papal falsehoods and delusions, then we may know that the time has come for the marvelous working of Satan and that the end is near. {5T 451.1}
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