Elon Musk could n’t stop over himself from talking Twitter , even when no one really asked . In the Q&A portion of a call with Tesla shareholders on Wednesday , the billionaire said , unprompted , that he was front onward to produce the social media company — despite the hefty beak .
“ I am excited about the Twitter berth because plainly I know that mathematical product incredibly well , and I think that it ’s an asset that ’s sort of languished for a long time , but has incredible potential , ” Musk animadvert . And his avidity about the online weapons platform is plain enough keep him affirmative through the major acknowledgement that , “ myself and the other investor are obviously overpay for Twitter correctly now . ” In Musk ’s view , “ the farsighted - terminus potential for Twitter … is an order of order of magnitude greater than its current value . ”
Musk has suggest ( andtweeted ) at vague plans to transform Twitter into his long - rumor “ X , ” or “ everything app . ” And in late days the richest world on Earth’smeme - postinghas framed the ongoing , embattled ship’s company accomplishment as some sort of expansive scheme to come back “ free spoken communication ” to the internet ( along with Ye and Donald Trump ) .
Elon Musk can’t seem to keep his mind out of the Twitter.Photo:Carina Johansen / Contributor(Getty Images)
Yet , for most of the retiring few months , Musk has seemed far from enthused about the Twitter deal . Almost immediately aftermaking his offerback in April , the billionaire began to have cold feet . He accused Twitter of violating their purchase arrangement , bylying about its botnumbers . A whistleblowergot involve . Twitter action .
It ’s beena whole matter , and Musk ’s more late U - turn back to finalizing his platform purchase has seemed , at fourth dimension , much more about forfend further legal legal proceeding and testimony than anything else . Musk asked for the ongoing trial in Delaware Chancery Court to be halted , and his deposition call off , as a terminal figure of the renewed offer . Twitterrejected that bid , but the case is on custody until October 28 , to give the SpaceX CEO and the social media site fourth dimension to complete a mickle .
But what’s going on with Tesla?
The Twitter - lecture was just a small portion of a larger shareholder call to discourse third - quarter 2022 Tesla earnings . So , here is some of that news :
The electric automobile carmakerreported a bountiful profitat $ 3.3 billion , matching the phonograph recording from this class ’s first after part and more than double the same prison term last year . Tesla is also is pumping out 50 % more vehicles than it was last free fall , fabricate 365,923 cars this quarter . Fun fact : that number is actually about 22,000 more cars than the ship’s company render to customers ( which Musk blamed on logistics and transport upshot like “ there were n’t enough trains [ or ] boats . ” )
However , even Tesla ’s big Q3 profit parachuting fell short of analyst expectations , and the party ’s stockdropped about 7%as a termination . Which is n’t super surprising give the way Musk talks about the company — cast off outlots of gallant promisesthat will likely be punishing to populate up to .
For case , “ I ’m of the opinion that we can far exceed Apple ’s current market cap . In fact , I see a likely path for Tesla to be worth more than Apple and Saudi Aramco meld , ” the CEO said .
He also notice that , though his company ’s car wo n’t gather the benchmark of lawful full - self - drive this class ( as previously prognosticate ) , next yr is a guaranty “ without a question whatsoever . ”
And , even though inflation and supply issue are elevate Tesla ’s toll and seem to becutting into its forecast sale , Musk cover that he is confident “ we ’ll have an epic end of class . ”
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