Tesla CEO Elon Musk sat down for a sprawling interview with CNBC anchor David Faber on Tuesday following Tesla’s 2023 annual shareholder meeting in Austin, Texas.
The full interview is available to PRO subscribers here.
During the course of their approximately hourlong conversation, Musk reflected on:
How he has managed a takeover of Twitter so far and what lies ahead. Among other things, he said Twitter’s Community Notes feature has cost Twitter $40 million in business when two big clients reduced spending after their ads received community notes accusing them of false advertising. He also claimed that when the acquisition closed, Twitter had negative $3 billion in annual cash flow and $1 billion in the bank. “The analogy I was using was like being teleported into a plane that’s in a nosedive headed to the ground with the engines on fire and the controls don’t work….”