TECH NEWS

Elon Musk Buys Twitter for 44 billion

Elon Musk Buys Twitter for 44 billion

April 26, 2022 / By Zunair Tahir / Tech News

The world’s most expensive business deal has been finalized, with Elon Musk, head of US company Tesla and private space company SpaceX, agreeing to buy microblogging site Twitter for about ً 44 billion.

According to the agreement, Elon Musk will pay 54.20 Dollar per share in cash to buy Twitter.

According to reports, Elon Musk has become the sole shareholder of Twitter after the agreement. This is by far the largest bargain to be made by any private company in the world.


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According to the British news agency Reuters, Elon Musk and Twitter reached a 44 billion deal on Monday, after which control of the social media platform will now be transferred to the richest man in the world. Elon Musk had offered to pay 54.20 per share for the microblogging site, signaling his intention to buy Twitter.

Under pressure, Twitter later began negotiations with Elon Musk to sell the company at a proposed price of 54.20 Dollar per share, and the deal was finalized on Monday. According to reports, after this news, the shares of Twitter have increased by about 6%.


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Automotive News

How Many Cars did Tesla Sell Worldwide in 2021?

How Many Cars did Tesla Sell Worldwide in 2021?

January 3, 2022 / By Zunair Tahir / News

Tesla, a company famous for making electric vehicles, has delivered about 1 million electric vehicles in 2021.

AFP news agency quoted a company statement as saying that the number of vehicles delivered in 2021 is almost double the number of vehicles delivered in 2020. And the Company is also going up in the value and crossing all companies that are making Electric cars.

Tesla, a company famous for making electric vehicles, has delivered about 1 million electric vehicles in 2021.A statement issued on Sunday added that the results have been good despite global supply challenges. It should be noted that this American company, which manufactures electric vehicles, had delivered more than 936,000 vehicles in 2021.

That’s 87% more than the number of vehicles delivered in 2020, according to the company.
In January last year, Tesla management announced that the company intends to increase vehicle deliveries by 50% year on year in the coming years, and the results reported on Sunday are well ahead of this target.

In the fourth quarter of last year, Tesla delivered 308,600 vehicles.

People rent cars at a Hertz car rental counter in the Miami International Airport on October 25, 2021 in Miami, Florida. Hertz announced that it ordered 100,000 Teslas as the company is emerging from bankruptcy.

The company has managed to tackle the global problem of scarcity of resources facing the auto industry.
Elon Musk, head of Tesla, said he had partially solved the semiconductor shortage by modifying the newly designed chip and software.

However, Tesla was once again profitable in October when it received an order for 100,000 electric vehicles from Hertz, a car rental company, to be completed by 2022.
With this announcement, Tesla has entered the list of the few companies worth more than one trillion dollars in the stock market.


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