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    TSLA   US88160R1014

TESLA, INC.

(TSLA)
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Real-time Estimate Cboe BZX  -  07:59:58 2023-02-08 pm EST
202.25 USD   +0.48%
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Factbox-Twitter 2.0: Firings, wary advertisers dominate Musk's first week as chief

11/04/2022 | 10:52am EST
Illustration shows Elon Musk photo and Twitter logo

(Reuters) - In the seven days since Elon Musk took charge of Twitter, the world's richest person has vowed to shake up the social media company, keeping employees, advertisers and users on the edge of their seats.

The Tesla boss, who will also serve as chief executive of Twitter, has announced the following actions in the past week:

Top management Musk fired top executives including CEO Parag

cuts Agrawal, CFO Ned Segal, legal affairs and

policy chief Vijaya Gadde

Layoffs Planned to let go about half the workforce, or

around 3,700 staff, according to internal plans

reviewed by Reuters. Announcement expected

Friday.

$8 for blue Twitter to charge $8/month for

tick Blue, which includes blue tick verification,

verification priority in replies, mentions and search, would

be able to post longer videos and audios.

Advertisers A whole bunch of corporate advertisers

hit pause distanced themselves from Twitter. General

Motors, General Mills, Audi of America, Oreo

maker Mondelez International, Pfizer Inc and

Ford are some to name. Musk, in a tweet to

advertisers, said he wanted Twitter to be "the

most respected advertising platform".

Content To set up a content moderation council with

Moderation "widely diverse viewpoints".

Council

Video Feature Twitter was working on a feature that would let

people post videos and charge users to view

them, with the company taking a cut of the

proceeds, the Washington Post reported.

Changes to Musk requested that logged out users visiting

Homepage Twitter's site be redirected to Explore page

which shows trending tweets and news stories,

according to a Verge report.

Vine reboot Musk put up a poll on Twitter asking people if

he should bring back Vine. Of the nearly 5

million people who participated, 70% said

"yes". He has instructed Twitter engineers to

work on a Vine reboot that could be ready by

year end, Axios reported.

(Reporting by Tiyashi Datta, Eva Mathews and Nivedita Balu in Bengaluru: Editing by Sriraj Kalluvila)


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
GENERAL MILLS, INC. -0.75% 75.74 Delayed Quote.-9.67%
GENERAL MOTORS COMPANY 0.41% 41.57 Delayed Quote.23.57%
MONDELEZ INTERNATIONAL, INC. -0.45% 64.79 Delayed Quote.-2.79%
PFIZER, INC. 0.89% 43.98 Delayed Quote.-14.93%
TESLA, INC. 2.28% 201.29 Delayed Quote.63.41%
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Analyst Recommendations on TESLA, INC.
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Financials (USD)
Sales 2023 103 B - -
Net income 2023 12 435 M - -
Net cash 2023 25 263 M - -
P/E ratio 2023 56,1x
Yield 2023 -
Capitalization 637 B 637 B -
EV / Sales 2023 5,96x
EV / Sales 2024 4,49x
Nbr of Employees 127 855
Free-Float 83,5%
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Technical analysis trends TESLA, INC.
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TrendsBullishNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 35
Last Close Price 201,29 $
Average target price 191,88 $
Spread / Average Target -4,68%
EPS Revisions
Managers and Directors
Elon Reeve Musk Director
Zachary J. Kirkhorn Master of Coin & Chief Financial Officer
Robyn M. Denholm Chairman
Ira M. Ehrenpreis Independent Director
James Rupert Murdoch Independent Director
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