Yahoo Finance Live examines Tesla CEO Elon Musk's recent interview with the Financial Times, opening up about his goals for Twitter and social media and commenting on President Biden and his EV adoption plans.
As if Elon Musk’s week couldn’t be more eventful, the Tesla CEO gave the automotive world more news to chew on. In a tweet last night, Musk said Tesla has begun production of its long-awaited electric Tesla Semi truck, and that deliveries to Pepsi beginning on December 1st. In a follow up tweet, Musk said the semi would have 500 miles of range and would be “super fun to drive.”
Elon Musk bought himself some time on Thursday, after a judge accepted the billionaire's request to halt a Twitter lawsuit to allow him to close his proposed $44 billion buyout of the social media company by Oct. 28. Musk said earlier this week he would buy Twitter for $54.20 per share, the price that was agreed in April, but included a condition that the closing of the deal be contingent on debt financing for the transaction coming through. Tesla shares fell more than 6% on Friday, heading for their worst weekly drop since March 2020, as investors worry Musk may dump more shares after Tesla announces its quarterly earnings on Oct. 19.