Tesla CEO Elon Musk has discovered a brand new girl CEO for Twitter. Linda Yaccarino’s identify as cropped up.
The appointment of Linda Yaccarino, former Chairman of Global Advertising and Partnerships at NBC Universal, as Twitter CEO will free Elon Musk to commit extra to Tesla and convey it again heading in the right direction.
The appointment of Linda Yaccarino, former Chairman of Global Advertising and Partnerships at NBC Universal, as Twitter CEO will free Elon Musk to commit extra to Tesla and convey it again heading in the right direction.
Musk’s position will now transition to being govt chair and CTO, “overseeing product, software program and system operations.”
“Bringing on Linda allows me to devote more time to Tesla, which is exactly what I will be doing,” Musk stated on Saturday.
Tesla’s working revenue decreased 24 per cent to $2.7 billion in Q1 2023 because the Musk-run EV maker continues to chop costs of its automobiles.
In an earnings name with analysts, Musk stated that Tesla will begin delivering its long-delayed Cybertruck within the third quarter of 2023.
“It takes time to get the manufacturing line going, and that is actually a really radical product. It’s not made in the best way that different automobiles are made,” Musk stated late final month.
In the first quarter, Tesla’s automotive revenue reached about $19.9 billion, an 18 per cent increase YoY.
Tesla ended the March quarter with free cash flow of $441 million, down 80 per cent from the same period last year.
The company has drastically lowered the prices of EVs across its lineup in the US and Europe, in an effort to boost sales as its stock plummeted more than 60 per cent earlier this year.
Musk had hinted that more price increases may be on the way as Tesla adjusts to the demand created by the massive price cuts.
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