In what’s been a very eventful yr for Elon Musk, this was a decidedly tough week.

Tesla’s inventory, which has misplaced nearly half its worth since peaking in November, dropped practically 6% within the final week, as buyers continued to promote out of their tech holdings.

There are inner issues at Tesla that are not serving to. This week, they had been tied to questions of safety with the corporate’s superior driver-assist programs.

Musk’s different large firm, SpaceX, fired a bunch of workers who circulated an inner letter that reportedly denounced the CEO and founder as a “distraction and embarrassment.” In the meantime, the Federal Aviation Administration on Monday handed SpaceX’s Starship rocket program a protracted to-do record earlier than it may well obtain a launch license in Boca Chica, Texas.

Then there’s Twitter. Musk agreed to purchase the social media firm for $44 billion in April, however has since publicly trashed it, elevating all kinds of issues about whether or not the deal will really shut. On Thursday, Musk spoke to Twitter workers for the primary time in a video deal with that was extensively panned, based mostly on messages that confirmed up on the inner chat board.

This is what went down in Musk city this week.

The Nationwide Freeway Visitors Security Administration stated on Wednesday that Tesla automobiles accounted for practically 70% of reported crashes involving superior driver-assist programs since final June. Information offered by the U.S. security company stated the electrical vehicles had been concerned in 273 of the 392 accidents cited within the report, which included knowledge from 11 automakers.

Nonetheless, the NHTSA stated the information does not have correct context and is barely meant as a information to shortly determine potential defect traits.

“I might advise warning earlier than trying to attract conclusions based mostly solely on the information that we’re releasing,” NHTSA Administrator Steven Cliff stated throughout a media occasion. “In actual fact, the information alone might increase extra questions than they reply.”

When Musk introduced plans in June to chop 10% of Tesla’s workforce, the CEO stated he had a “tremendous dangerous feeling” concerning the financial system. For shoppers, these issues are turning into sticker shock.

Tesla hiked costs for all automobile fashions within the U.S. this week because the auto trade continues to grapple with provide chain points, inflation and financial uncertainty.

The corporate elevated the worth of its Mannequin Y long-range model to $65,990 from $62,990, and raised the efficiency mannequin by $2,000 to $69,990, in keeping with its web site. Electrek stated the worth of the Mannequin S Twin Motor All-Wheel Drive elevated by about $5,000 to $104,990. The Mannequin X Twin Motor All-Wheel Drive Lengthy Vary went up by $6,000.

Tesla had beforehand delayed deliveries of among the long-range fashions within the U.S. by as much as a month.

The FAA on Monday made an environmental choice that resulted in a mixture of good and dangerous information for Musk’s SpaceX, and the mammoth Starship rocket the corporate is creating in Texas.

The regulator issued a listing of greater than 75 environmental mitigation actions the corporate should full earlier than it may well transfer ahead with Starship flight checks. Included within the necessities are limitations on noise ranges and the way typically SpaceX can shut the general public freeway close to the ability.

After the FAA’s choice, Musk stated the corporate can have a Starship prototype rocket “able to fly” by July. The corporate is aiming to succeed in orbit with the car for the primary time. However it first requires a launch license from the FAA, and the regulator’s required mitigations quantity to a big carry earlier than the corporate can request one.

The excellent news for SpaceX is that the FAA has concluded its evaluation, and isn’t requiring a extra in-depth evaluate.

An unknown variety of SpaceX workers wrote and internally circulated a letter that was essential of Musk and his public conduct, describing him as “a frequent supply of distraction and embarrassment,” in keeping with media stories. CNBC reported Friday that at the very least 5 workers concerned within the letter had been fired because of this.

SpaceX President and COO Gwynne Shotwell, in a company-wide electronic mail obtained by CNBC, claimed the letter and course of to solicit signors “upset many” workers, who she stated felt “uncomfortable, intimidated, and bullied.”

“We’ve got an excessive amount of essential work to perform and no want for this sort of overreaching activism,” Shotwell wrote. “I’m sorry for this distraction. Please keep targeted on the SpaceX mission, and use your time at work to do your finest work.”

With Twitter’s inventory worth buying and selling round $37, properly under the $54.20 Musk agreed to pay for the corporate, buyers and workers are justifiably involved about what the longer term holds.

Musk’s all-hands assembly with Twitter staffers on Thursday appeared like an effort by the potential future proprietor to ascertain a way of belief and transparency with the individuals who can be working for him.

However reactions on Slack following the assembly indicated workers had been nonetheless left with questions and issues, in keeping with an individual who noticed the messages however requested to not be named as they had been supposed to be personal.

Whereas former CEO Jack Dorsey promised workers the choice to work distant completely, Musk has taken a really totally different strategy together with his corporations, not too long ago demanding that Tesla and SpaceX employees be within the workplace at the very least 40 hours per week.

Musk stated on the decision that he will not be as strict with Twitter workers, as a result of creating software program can extra simply be dealt with from afar whereas automobile manufacturing requires bodily presence.

However his reply did not seem to calm issues. His feedback additionally left some Twitter workers fearing for his or her jobs, in keeping with the individual acquainted. In addressing issues about potential layoffs, Musk stated Twitter must get right into a wholesome monetary state, however that “anybody who’s a big contributor has nothing to fret about,” in keeping with the individual.

In response, Twitter workers shared messages and memes towards the tip of the assembly riffing on how one can model themselves as distinctive.

—CNBC’s Michael Wayland contributed to this report.

WATCH: Musk tells Twitter workers he desires at the very least a billion each day customers

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