Twitter reportedly closes Seattle offices after failing to pay rent

Facing eviction, Twitter has reportedly closed its Seattle offices after failing to pay rent.

Meanwhile, electric car maker Tesla took a trillion-dollar tumble in 2022 - on track for its worst financial year ever.  

One thing the companies have in common? Elon musk. 

Musk was full of smiles when he took over Twitter but oh how things have changed.

Describing the social media platform last week, Musk said: "This company is basically like… you're in a plane that is headed towards the ground at high speed with the engines on fire and the controls don't work."

Twitter is reportedly facing eviction from its Seattle office after refusing to pay both rent and its janitors. Things apparently got so bad staff were bringing in their own toilet paper.

Musk has said he will step down as Twitter chief executive but only when he finds someone "stupid enough" to take the job.

"I think there are plenty of people who would want the job but the trouble is finding the person who wants the job and is actually capable," Gorilla Technology chief executive Paul Spain said.

But Twitter isn't Musk's only company having a painful year. 

Tesla's market value peaked at nearly $2 trillion in 2021 - worth more than the next nine largest automakers combined. But the stock has now plummeted to less than a third of its peak, erasing $1 trillion in value

"It looks pretty bad but if we look at other car companies, most of them aren't doing brilliantly as well," Spain told Newshub.

And with COVID-19 surging in China - where up to a third of Teslas are made - the outlook could be bleak.

"Supply chain type problems and manufacturing type problems in China - that's going to hurt them," Spain said. "It's probably a pretty rough time ahead for Tesla."