Elon Musk Memes With Kanye, Putin And Trump . Also facing Potential Federal Investigation
Elon Musk, the richest man in the world, had yet another eventful week, hanging out with Kanye West despite the rapper receiving criticism for a string of anti-Semitic remarks, exchanging jabs with Dmitry Medvedev, the former president of Russia, and possibly coming under investigation for national security.
After CNN reported on Friday that the company has said it can no longer afford to supply the service, Musk revealed on
Monday that SpaceX had agreed to continue paying for StarLink in Ukraine. The company had withdrawn its request for $380 million in funding from the Pentagon.
Tuesday: Musk tweets and later deletes a meme of himself teaming up with West and former president Donald Trump, who founded Truth Social, as the “Three Musketeers,” overlaid with their respective social media platforms. Musk is celebrating West’s agreement to buy the right-wing social media platform Parler.
Wednesday: Musk resumes his day job as CEO of Tesla, delivering third-quarter earnings results that fell short of expectations and making a number of brazen claims during a conference call with investors. He claims that Tesla could eventually surpass the combined market capitalization of the two largest companies in the world, Apple and Saudi Aramco (Tesla is currently worth 15% of those two combined).
Thursday: According to Bloomberg, the Biden Administration is considering conducting a national security review of Musk and his companies in light of his connections to Middle Eastern governments, which helped to partially finance his acquisition of Twitter, and his apparent friendship with Russian President Vladimir Putin. The Washington Post reports that Musk plans to fire about 75% of Twitter’s staff when he takes over.
Wednesday: Musk resumes his day job as CEO of Tesla, delivering third-quarter earnings results that fell short of expectations and making a number of brazen claims during a conference call with investors. He claims that Tesla could eventually surpass the combined market capitalization of the two largest companies in the world, Apple and Saudi Aramco (Tesla is currently worth 15% of those two combined).
Friday: As the day gets underway, Musk tweets his prediction that the current economic downturn will last until the beginning of 2024. CNN also reports that the Biden Administration has spoken with Musk about bringing StarLink to Iran, a surprising development given the long-standing animosity between the two men.
Wednesday: Musk resumes his day job as CEO of Tesla, delivering third-quarter earnings results that fell short of expectations and making a number of brazen claims during a conference call with investors. He claims that Tesla could eventually surpass the combined market capitalization of the two largest companies in the world, Apple and Saudi Aramco (Tesla is currently worth 15% of those two combined).
TANGENT
Musk started tweeting @ Medvedev on Thursday amid growing scrutiny of his ties to Russia, complimenting the Putin ally on a “very nice troll” for a joke about the departing U.K. Prime Minister and asking how the fight in Bakhmut was going. Medvedev replied, “see you in Moscow on the Victory Day!”
A SURPRISE FACT
In addition to being the billionaire visionary behind the sixth largest public company in the world, Tesla, and a $125 billion private corporation, SpaceX, Musk is also possibly the most popular Twitter troll. The South African-born businessman made headlines earlier this month when he offered Russia peace terms that were vastly different from those that Ukraine or its allies, including the United States, have advocated. He suggested that Ukraine cede some of its internationally recognized territory to its invading neighbor. Musk refuted the claim made by Eurasia Group founder Ian Bremmer last week that he had borrowed the terms from a recent conversation he had with Putin.
RARELY KNOWN BACKGROUND
Our calculations show that Musk still owns the world’s largest fortune by a considerable margin, but since last November, he has lost more than $100 billion, mostly due to a sharp decline in the value of Tesla’s stock. Investor retaliation against Musk’s sale of billions of dollars’ worth of shares to fund his purchase of Twitter has resulted in a significant decline in the company’s stock. In a note to clients on Friday, Wedbush analyst Dan Ives referred to the Twitter deal as a “difficult position for Tesla investors.”
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29%. That’s how much Tesla shares are down over the last month, compared to a 1.4% decline for the S&P 500.
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