# Now that Elon Musk has bought Twitter - now the Pit edition (Part 1) **URL:** \ **Category:** The BBQ Pit\ **Created:** [April 25, 2022, 10:50pm UTC](https://boards.straightdope.com/t/now-that-elon-musk-has-bought-twitter-now-the-pit-edition-part-1/963442 "2022-04-25T22:50:17Z")\ **Posts on this page:** 1\ **Showing post:** 2880
**Author:** ![Sam\_Stone](https://avatars.discourse-cdn.com/v4/letter/s/ecccb3/32.png) [@Sam\_Stone](https://boards.straightdope.com/u/Sam_Stone)\ **Post date:** [January 27, 2023, 4:26pm UTC](https://boards.straightdope.com/t/now-that-elon-musk-has-bought-twitter-now-the-pit-edition-part-1/963442/2880 "2023-01-27T16:26:41Z")
Tesla stock has skyrocketed in the last month. It was $102 when you guys were crowing about Elon killing it. It’s now at $167, and up $7.25 on the day so far. The other car stocks and EV stocks are not doing the same. Tesla just reported their revenue was up 55% year over year, net earnings up over 100%, and their gross margin on their cars was 26%, which is more than double that of Ford, and significantly higher than GM, Toyota, and other major car makers. Tesla has cut 20% from the price of their cars while the others are raising prices. Last quarter was the best in their history for revenue and profit. SpaceX is setting new records for launches, lowering costs, and Starship just had a full wet dress rehearsal and is now heading for a full static fire. There are rumors that Starlink may go public this year with an initial valuation of at least $70 billion. It may eventually be worth hundreds of billions. Twitter is running fine, has had more new feature rollouts in the last month than it has in years. Musk has cut costs by 70%, but lost ad revenue of about 40%. Twitter is probably now close to breakeven, with lots of upside. Twitter blue has so far taken in about 325,000 subscriptions, and just rolled out. Total users are way up, according to The Verge: > [@](#): > > Twitter’s daily user growth hit “all-time highs” during the first full week of Elon Musk owning the platform, according to a company document obtained by _The Verge_. > > [Since Musk’s dramatic takeover](https://www.theverge.com/2022/10/27/23184519/elon-musk-twitter-acquisition-deal-complete-agreement), Twitter’s monetizable daily user (mDAU) growth has accelerated to more than 20 percent, while “Twitter’s largest market, the US, is growing even more quickly,” according to an internal FAQ obtained by _The Verge_ that was shared with Twitter’s sales team on Monday to use in conversations with advertisers. Per the FAQ, Twitter has added more than 15 million mDAUs, “crossing the quarter billion mark” since the end of the second quarter, when it stopped reporting financials as a public company. > **[Twitter user growth is at “all-time highs” under Elon Musk](https://www.theverge.com/2022/11/7/23445476/elon-musk-twitter-user-growth-all-time-high-advertisers)** > > So far, Twitter hasn’t seen a mass exodus due to Musk. --- _[View the full topic](https://boards.straightdope.com/t/now-that-elon-musk-has-bought-twitter-now-the-pit-edition-part-1/963442)._