Tesla CEO Elon Musk announced on Wednesday a new global engineering headquarters in Palo Alto, California, less than two years after moving Tesla’s corporate headquarters from California to Austin, Texas. Standing next to California governor Gavin Newsom in a video posted to Twitter , Musk said that Tesla will use the former headquarters of early computing giant Hewlett-Packard to house its...
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Musk Puts $20 Billion Value on Twitter
Elon Musk offered Twitter employees stock grants at a valuation of roughly $20 billion, said a person familiar with an email Musk sent to staff, less than half what he paid to buy the company. It was a concrete acknowledgment of how much Twitter’s value has dropped since the deal—but it is still well above public market valuation levels for Twitter’s rivals. As Musk has...
Twitter Valued at $20 Billion in New Employee Stock Grant
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