From Net Worth Increase To Sacking Of Tesla Employees, 5 Things That Rocked Elon Musk¡¯s World
Elon Musk makes headlines on the daily. The man grabs eyeballs on the internet with his views on anything and everything. For the unversed, he was scheduled to visit India on April 22 but he postponed his trip citing pressing matters in his companies. Let¡¯s take a quick look at 5 things that happened in the world of Elon Musk.
1. Elon Musk¡¯s Net Worth Has Soared In The Last Five Days
Elon Musk's wealth is on the rise again following a recent decline to its lowest point in nearly a year. Over the past five days, the billionaire, ranked as the world's third-richest individual, has seen a significant increase of $37.3 billion in his net worth, as reported by the Bloomberg Billionaires Index. This marks his most substantial weekly gain since March 2022, just before he made headlines with his agreement to purchase Twitter Inc. for $44 billion in one of the largest leveraged buyout deals in history. Since then, Musk's fortune has experienced fluctuations, alternating between declines and increases, following the remarkable surge it experienced in 2020 and 2021.
His real time net worth stands at $205.6 billion after a significant increase of $14.5 billion.
2. Musk Sacks Senior Management Of Tesla?
Elon Musk has reportedly initiated a wave of layoffs and dismissed senior management at Tesla amid declining sales, as per reports. The billionaire CEO is said to be implementing job cuts across the company, with an email to senior executives cited by The Information. Additionally, Musk's unannounced visit to China is believed to have centered on discussions regarding the rollout of Tesla's Full Self-Driving (FSD) software and data-transfer permissions.?
According to The Information, Tesla has terminated Rebecca Tinucci, senior director of the company's Supercharger business, and Daniel Ho, head of new products. The report states that Elon Musk mentioned in the email his intention to dismiss all employees working under these two senior executives, along with approximately 500 employees from the Supercharger group.
3. Musk Showered Praises On Taylor Swift For Her Latest Album ¡®The Tortured Poets Department¡¯
Elon Musk praised Taylor Swift's latest album, "The Tortured Poets Department," calling it "very impressive indeed!" in a post on X. Swift had earlier expressed gratitude to her fans after Billboard reported that she was "the first artist in history to occupy the entire top 14 spots of the Hot 100 simultaneously" following the album's release on April 19. Who knew Musk would turn out to be a Swiftie?!
4. Elon Musk¡¯s Unplanned Visit To China After Postponing His India Tour
During his visit to China, Tesla CEO Elon Musk expressed his admiration for the country, stating that he is a "big fan" and acknowledging the widespread admiration he receives there. In a meeting with Ren Hongbin, the Chairman of the China Council for the Promotion of International Trade (CCPIT) on Sunday, Musk was captured on video expressing his sentiments. "I'm a big fan of China. I have to say that," Musk stated, with the video quickly gaining traction on X.
5. Elon Musk Secures A Deal With Chinese Tech Giant Baidu
Elon Musk's brief visit to China yielded significant outcomes, as Tesla Inc. overcame two major obstacles in introducing its driver-assistance system in the largest auto market worldwide. The company will collaborate with Chinese tech giant Baidu Inc. for mapping and navigation functions to deploy its Full-Self Driving (FSD) system. Additionally, Tesla has satisfied a crucial data security and privacy requirement in China, addressing concerns about FSD implementation.
