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Tesla Falls to a Session Low After SpaceX Report

SpaceX illegally fired nine people earlier this year in retaliation for comments critical of founder Elon Musk and the company’s culture, a former employee alleged in a complaint with federal regulators. Ed Ludlow reports on “Bloomberg Markets: The Close.” Like this video? Subscribe to Bloomberg Technology on YouTube: Watch the latest full episodes of “Bloomberg Technology” with…

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SpaceX illegally fired nine people earlier this year in retaliation for comments critical of founder Elon Musk and the company’s culture, a former employee alleged in a complaint with federal regulators. Ed Ludlow reports on “Bloomberg Markets: The Close.”

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45 Comments

45 Comments

  1. Keith smith

    November 17, 2022 at 8:55 pm

    Breaking News! Elon continues to destroy every single company he has put his name to. Way to go Loser!

  2. lulu minator

    November 17, 2022 at 8:55 pm

    Bloomberg wish they were bought by Elon.

    • Carl Zune

      November 17, 2022 at 9:11 pm

      So everyone can get fired and the company going bankrupt?

    • QuantumShor

      November 17, 2022 at 9:15 pm

      Honestly, it would have been cheaper than buying out Twitter..

    • A p

      November 17, 2022 at 9:58 pm

      elon is learning from trump how to be a pseudo business man

    • David C

      November 17, 2022 at 10:07 pm

      @A p dude I’m a liberal but that’s just stupid. Elon might’ve had a rich grandfather (who he’s estranged from and never helped him), but that’s where any similarities end. He’s self-made and is the richest guy on the planet. If you’re gonna troll or criticize at least be accurate or you’re no better than Trumpists.

    • Th Zene

      November 17, 2022 at 10:35 pm

      …Because?

  3. Redcaliber

    November 17, 2022 at 8:57 pm

    Left wing radical democrat senators trying to destroy this brilliant company! Sickening

  4. Chris Lee

    November 17, 2022 at 9:02 pm

    Tesla is amazing

  5. Rudra

    November 17, 2022 at 9:02 pm

    This video didn’t go anywhere.
    Wtf was the point of this?

  6. Shandy Ashley

    November 17, 2022 at 9:02 pm

    2023 January the tax credits will take affect I believe Tesla buyers are waiting to save money

  7. Brian Mills

    November 17, 2022 at 9:04 pm

    the questions this guy is asking mirrors the ignorance of most of the public. At least the guy answering knows what he’s talking about. Every company chooses a “face” to represent it. Are we to believe that a news anchor does all their own research on stories or that there is a team of “unknown” people that creates the content. Same with Elon’s companies. He is a dynamic leader that remains the face of the business. Maybe a little ego in that but I think it’s to keep his working staff from distraction while he puts up with it. He has an unprecedented ability to shake off the hate that is permeating our culture.

    • uberboiz

      November 17, 2022 at 9:15 pm

      Calling Elon Musk a ‘dynamic leader’ mirrors the ignorance of his fanboys. He is a grifter and narcissist.

    • Th Zene

      November 17, 2022 at 10:32 pm

      A single question was asked in this video and yes, his job is to make the information palatable for the general public so it sounds like he’s doing his job EXACTLY as he should. Also, to imply that other companies have a “face” similar to Musk’s position as the face of his companies is absolute BS. Everyone thinks Musk when you say Tesla but the overwhelming majority aren’t gonna have a specific (living) person for Ford, GMC, Kellogg’s, Comcast or any corporation in between.

    • Th Zene

      November 17, 2022 at 10:34 pm

      And “a little ego” is a laughable understatement. He’s presented like this super genius while behind the scenes he’s only really “running” Tesla and now Twitter. The others he just owns and is the one receiving most credit.

  8. Ignas Berrnotas

    November 17, 2022 at 9:04 pm

    Tesla is overvalued garbage

  9. [̲̅K̲̅]

    November 17, 2022 at 9:07 pm

    After owning Tesla full self-driving since 2019. I can honestly say it’s not worth the $15,000 Elon is asking for. Fuck around and you might kill yourself using it. But it works great if you’re just going straight.

  10. Jay Barker

    November 17, 2022 at 9:08 pm

    Please come with better FUD! OMG 9 people got fired. Has it been proven it was “illegal”? Why am I even asking, facts dont matter anymore! Even if this is true, its his company and can fire anyone at anytime, unjust or not!

    • David C

      November 17, 2022 at 10:02 pm

      Exactly. 9 people were fired is what they should’ve reported. But that doesn’t warrant reporting, so they throw in that 1 person alleges it was due to badmouthing. But without saying “alleges.” This is CNBC-level reporting. Ashamed for Bloomberg.

  11. Tekish

    November 17, 2022 at 9:09 pm

    The nine people that were fired from SpaceX were let go for disrupting behavior detracting from the companies projects.
    In addition the nine are “alleging” that they were illegally fired”. As usual you are prosecuting via news broadcast. Sad

  12. Lord Refrigerator Intercooler

    November 17, 2022 at 9:15 pm

    Elon got his money from NASA for spaceX now he can dck around like a child on twitter….

  13. alex772350

    November 17, 2022 at 9:19 pm

    Blah blah blah 🙄 I got calls today at eod. Lfg up tomorrow 🤪

    • David C

      November 17, 2022 at 10:00 pm

      Ah so this is the usual MM manipulation to have them close OTM? Been a long time since I traded TSLA options, but I distinctly remember the shorts (anti-TSLA shills) on CNBC every Thursday and especially for monthlies.

  14. Tdy

    November 17, 2022 at 9:21 pm

    Can twitter be used to promote the future of the world oligarchs inside the United States maybe? Are Elon Musk idea to build his own world on the planet mars being changed to make some of that inside the United States?

  15. JT

    November 17, 2022 at 9:23 pm

    How’s everyone with a Tesla feeling right now? Genuinely asking. Is this worrying or like no?

    • A p

      November 17, 2022 at 9:57 pm

      you might wanna start worrying its not looking good for the long run.

    • JT

      November 17, 2022 at 10:13 pm

      @David C I’m not gonna lie this is a very interesting perspective and I hadn’t thought about it this way before!

    • G.2099

      November 18, 2022 at 12:11 am

      @Underground Tech Im heavily invested in TSLA, I got into a private funding round for SpaceX and I own a Tesla. I’m pretty pissed off about the whole twitter sh*t show. I think that is a big mistake for Elon. He should have just started a new app from scratch and would have required only a fraction of the money that he put in for twitter. The big problem with twitter is that a huge chunk of the existing users dont want him to run the co or change it and will somewhat try to sabotage it. There’s also a large portion of society that has a negative view of twitter and won’t sign up. Plus all the bots and fake accounts. If he started a new app, he could have beta tested it with all his employees then do a slow invite only rollout to Tesla and Starlink owners then have them private invite friends and family (like what google did with gmail). That way you would have a community that supports the app, that want to be there and will use it to further its success. I’m still long TSLA but I think the brand is somewhat damaged with the Elon twitter circus.

    • Godwin Tan

      November 18, 2022 at 1:03 am

      Tesla bull since IPO. Looking to dump my shares after a run up.

    • Renee Chen

      November 18, 2022 at 1:16 am

      Nope, shake up is good.

  16. Wendy

    November 17, 2022 at 9:25 pm

    We forget Elon’s beginning and current 11% holding of Pay Pal.

  17. Tdy

    November 17, 2022 at 9:26 pm

    Can the power to track, see and hear musk citizens from Twitter can be accomplished using his robots too? Can technology and communications be used by Twitter or any other oligarchs to manipulate strategies against politicians, opponents, control, track individuals etc. or destroy credibility a most powerful tool for manipulated media in the future maybe?

  18. stevebyers9672

    November 17, 2022 at 9:27 pm

    msm jabber…all is well in tsla…they just need something to talk about…stocks at fair value for a pe 50..q4 increase prod will start raising stock .. just keep buying and all will be well

    • David C

      November 17, 2022 at 9:57 pm

      Exactly. And TSLA energy is poised to explode with new Megapack factory and need for storage as coal peaker plants are no longer viable and with the energy situation in Europe.

    • Adolfo Rios

      November 17, 2022 at 10:38 pm

      I do agree the downside is now a lot smaller than the upside. I wouldn’t freak out about a huge drop compared to the huge spike as production and net profit keep snowballing into a cash cow farm.

  19. Tdy

    November 17, 2022 at 9:29 pm

    Can Elon Musk from Twitter help in many ways Donald Trump next campaign against the democrats future candidate?

  20. Henri Frits maarseveen

    November 17, 2022 at 10:04 pm

    So it looks like if a company is run with a ceo that is only there when there are problems it is much better ..

    • Adolfo Rios

      November 17, 2022 at 10:36 pm

      Well at this point, less musk is good news for tesla shareholders. And yes the most giant paypackage in the history of free markets is way too big for Elon let alone anyone. It’s just theft by Elon of shareholders. Ceos don’t cost so much to hire when the product already sells itself. Especially without a clause that makes their contract exclusive to one company, without conflicts to Twitter and space x and others.

  21. R S

    November 17, 2022 at 10:06 pm

    More FUD yet nobody disputes Tesla’s fundamentals. Yet Elon always wins 🎻

    • Stop Think

      November 18, 2022 at 1:07 am

      Tesla has competition now. The Chinese and other manufacturers are putting out real competition. And anyone who has seen anything regarding Twitter in the last month would disagree on the “Elon always wins” position. He’s losing pretty hard with no real plan for a way forward.

  22. TeslaCarolina

    November 17, 2022 at 10:26 pm

    More pure trash FUD, please explain what your click bait title to this video had to do with the performance of Tesla? You can’t because it did not. Pure FUD!

  23. Joseph Walter

    November 17, 2022 at 11:43 pm

    Leave him alone

  24. M H

    November 18, 2022 at 1:15 am

    Elon is out of control, the spin seems to be decelerating and investors have to be asking questions.

    Cars, space ships, tunnelling, Twitter, solar … Not even the most coked up trader could keep all those balls in the air.

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