Peter Thiel Reported To Me, Says Elon Musk, Calls PayPal Exit 'Palace Coup' Fueled By Board: 'There Was Nothing Anyone Could…'

Core Insights - Elon Musk described his departure from PayPal as a "palace coup" orchestrated by the executive team and board members who were concerned about his risky decisions [3][4]. Company Insights - Musk claimed he was the CEO of PayPal and that Peter Thiel, who reportedly fired him, actually reported to him, making it impossible for Thiel to terminate his position [3][4]. - Musk stated he was the largest shareholder in PayPal, asserting that no one could take his shares away from him [3][4]. Industry Insights - Tesla has solidified its status as the most valuable automaker globally, with a market capitalization exceeding $1.58 trillion, surpassing the combined market cap of major competitors like Toyota, BYD, Ford, and General Motors [4]. - Despite the high valuation, Tesla's sales in the U.S. have declined by 23% in November, reflecting a broader downturn in electric vehicle demand, although the company maintains a 56% market share in the U.S. EV sector [5].