The Official Business Publication of Seton Hall University
By the first week of December, Twitter had let go about half of its 7,500-employee workforce… But layoffs in the tech sector have been rampant both before and after the Twitter news. In 2022, 140,000 jobs were slashed from both public and private organizations in the industry.
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Billionaire and Tesla CEO Elon Musk has demonstrated through his various investments and innovations that he has an eye for expanding his influence and breadth of operations to all corners of the market. This net has grown larger in the past two weeks.
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Elon Musk has made a name for himself for being at the forefront of innovation for the past decade, leading companies that develop technologies ranging from self-driving electric cars to flamethrowers. But one of the most promising projects is one that has flown mostly under the radar of the general public, Starlink.
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The electric car manufacturing giant Tesla reached a trillion-dollar market value last week. Following the announcement that car rental company Hertz would purchase 100,000 Tesla Model 3s, Tesla’s stock price rose 12.7%, raising the company’s market cap past the trillion-dollar mark.
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Last Tuesday, Tesla CEO Elon Musk announced that it is now possible to purchase Tesla vehicles with Bitcoin in the U.S. The self-proclaimed “Technoking” revealed this news through Twitter and tweeted, “You can now buy a Tesla with Bitcoin.” The payment procedures have also been updated on the support page on Tesla’s website with further information on the transaction.
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On Friday August 28th, Elon Musk CEO of SpaceX, Tesla, and co-founder of the tech startup Neuralink held a livestream through YouTube to update the public of the advancements of one of his more recent projects.
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Elon Musk’s wealth has grown and shrunk billions of dollars over the week due to the stock market, but his rapid fluctuation is only a small bump in the road for him. Despite the changes, his net worth is still over 800,000 times that of the average American.
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