Elon Musk had a bad week

Elon Musk pauses and looks down as he speaks during a press conference at SpaceX’s Starbase facility near Boca Chica Village in South Texas on February 10, 2022.

This was a rough week for Musk, who has had a lot to deal with this year.

In the last week, investors continued to sell out of their tech holdings, which led to a drop in the stock of electric car maker.

There are internal issues at the company that aren't helping. They were tied to the company's advanced driver assist systems.

A group of employees at Musk's other company were fired after circulating an internal letter that called the CEO and founder a "distraction and embarrassment." The FAA gave the program a long to-do list before it could get a license.

Then there is the world of social networking sites like Facebook. Musk trashed the social media company after agreeing to buy it, raising questions about whether the deal will actually close. Musk spoke to employees for the first time in a video address that was panned because of messages that appeared on the internal chat board.

This week in Musk town, here are some things that happened.

The NTSB released this image of a 2021 Tesla Model 3 Long Range Dual Motor electric car that was involved in a fatal accident near Miami that killed two people on Sept. 13, 2021.

According to the National Highway Traffic Safety Administration, 70% of reported crashes involve advanced driver-assist systems. The data provided by the U.S. safety agency showed that the electric cars were involved in more accidents than any other vehicle.

The data doesn't have proper context and is only a guide to identify potential defect trends.

NHTSA Administrator Steven Cliff said during a media event that he would advise caution before drawing conclusions from the data that was released. The data may raise more questions than it answers.

Musk had a bad feeling about the economy when he announced plans to cut 10% of his workforce. Consumers are becoming sticker shock because of those concerns.

The auto industry is grappling with supply chain issues, inflation and economic uncertainty.

The price of the long-range version of the Model Y was increased to $65,990 from $62,990, and the performance version was raised by $2,000 to 69,990, according to its website. The price of the Model S dual motor all wheel drive went up by about 5000 dollars. The Model X dual motor all wheel drive long range went up by $6,000

Some of the long-range models in the US were delayed up to a month.

There was a mix of good and bad news for Musk and his company after the FAA made an environmental decision.

The company has to complete more than 75 environmental actions before it can begin flight tests. The requirements include limits on noise levels and how often the public highway can be closed.

The company will have a prototype rocket ready to fly by July according to Musk. For the first time, the company is trying to reach a spot in the sky. The company needs a launch license from the FAA before it can ask for one.

The good news is that the FAA doesn't require a more in-depth review.

Musk’s plan to buy Twitter has worried policymakers around the world.

According to media reports, an unknown number of employees at the company wrote a letter that was critical of Musk's behavior and described him as a frequent source of embarrassment. According to CNBC, at least five employees were fired for their involvement in the letter.

In an email obtained by CNBC, the president and COO of the company claimed that the letter and process to solicit signors upset many employees.

We don't need this kind of activism because we have too much important work to do. I apologize for the distraction. Use your time at work to do your best work.

Elon Musk twitter account is seen through Twitter logo in this illustration taken, April 25, 2022. 

With Musk agreeing to pay for the company, investors and employees are concerned about what the future holds.

It seemed like Musk was trying to establish a sense of trust and transparency with the people who would be working for him when he held an all-hands meeting with the staff of the social network.

A person who saw the messages but asked not to be named as they were intended to be private said that employees were left with questions and concerns after the meeting.

While former CEO Jack Dorsey promised employees the option to workremote permanently, Musk has taken a very different approach with his companies, recently demanding that workers be in the office at least 40 hours a week.

Musk said on the call that he might not be as strict with his employees because it's easier to handle software from afar.

His answer didn't seem to calm fears. A person familiar with the situation said that his comments made some employees fear for their jobs. Anyone who is a significant contributor has nothing to worry about, according to the person.

At the end of the meeting, employees of the social media company shared messages and jokes about how to brand themselves as extraordinary.

Michael Wayland was a contributor.

Musk told employees he wanted at least a billion users.

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