Elon Musk

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Tesla Sells 3/4 of Its Bitcoin Holdings

Amid ongoing production issues

(Newser) - Tesla had what the Guardian describes as a "shaky" second quarter, reporting a 32% drop in profit from the first quarter's record levels and having a difficult time meeting demand due to production issues. Amid all this, it has sold 75% of its bitcoin holdings, $936 million worth,...

In Musk-Twitter War, First Legal Battle Goes to Twitter

Judge shoots down Musk's request to delay trial until next year

(Newser) - Elon Musk lost a fight to delay Twitter’s lawsuit against him as a Delaware judge on Tuesday set an October trial, citing the "cloud of uncertainty" over the social media company after the billionaire backed out of a deal to buy it, per the AP . "Delay threatens...

'Eat the Rich' With Popsicles Shaped Like Musk, Bezos

MSCHF artists collective has ice cream trucks in NYC, LA with the billionaire-shaped treats

(Newser) - If you're in New York City or Los Angeles on Wednesday and want to work out your angst against capitalism, there's a frozen treat waiting for you, modeled after the world's richest men. Just stop by what's being deemed a "unique art pop-up" by CBS...

Elon Musk Fires Back at Trump
Elon Musk Fires Back at Trump
Jul 13, 2022 12:00 AM CDT

Elon Musk Fires Back at Trump

Who then fires back at Elon

(Newser) - It's official: Elon Musk and former President Trump are feuding. After Trump ripped Musk as a "bulls--- artist" who lied to him about voting Republican (and predicted Musk will never run Twitter), Musk on Monday night fired back on, yes, Twitter. "I don’t hate the man,...

Twitter Files Sharply Worded Lawsuit Against Musk

'Musk refuses to honor his obligations ... because the deal he signed no longer serves his personal interests'

(Newser) - Twitter sued Tesla CEO Elon Musk on Tuesday to force him to complete the $44 billion acquisition of the social media company. Musk and Twitter have been bracing for a legal fight since the billionaire said Friday he was backing off of his April agreement to buy the company. Twitter’...

One Clause in Contract May Be Bad News for Musk

'Specific performance' term could be used to force him into buyout deal

(Newser) - As Elon Musk and Twitter head toward a high-stakes court battle over his decision to bail on the buyout deal, stories have begun assessing the odds of which side might prevail. Generally, most see Twitter with the stronger hand, and a big reason is because the deal includes a "...

Twitter Lawyers Up, and Musk Issues a Taunt

Company hires heavyweight firm as Tesla CEO tweets a laughing meme

(Newser) - The Twitter/Elon Musk soap opera appears to be headed toward a heavyweight battle in a Delaware court. Some new developments:
  • Lawyering up: Bloomberg reports that Twitter hired "merger law heavyweight" Wachtell, Lipton, Rosen & Katz and is expected to file suit this week. Twitter will try to force Musk
...

Here's What Trump Thinks of Elon Musk

He's a 'bulls--- artist' who won't be buying Twitter, former POTUS says

(Newser) - In case you were wondering how former President Trump feels about the Elon Musk-Twitter drama , he made his opinion known Saturday. "Leon’s, I’ll tell you what,” Trump started, apparently using the incorrect name. “Elon, Elon, is not going to buy Twitter. … He’s got...

For Twitter, Musk's Move Is 'Worst Case'

Company might win a legal fight to save deal, but analysts say there would be drawbacks

(Newser) - Twitter's stock price has dropped, its public image is damaged, and employee morale is tanking. And that was all before Elon Musk told Twitter and the SEC on Friday that he wants out of the $44 billion deal to buy the company. Twitter said it will fight Musk on...

&#39;Twitter Willing to Go to War&#39; With Musk Over Deal
Elon Musk to Twitter:
I'm Walking Away
update
Jul 8, 2022 5:56 PM CDT

Elon Musk to Twitter: I'm Walking Away

But Twitter says it intends to make him honor his deal to buy the company

(Newser) - Update: The drama intensifies. Elon Musk notified Twitter and the SEC late Friday afternoon that he wants out of his deal to buy the company, reports the Wall Street Journal . He accused Twitter of failing to provide all the information he has requested on fake accounts. Twitter, though, won't...

Elon Musk Secretly Had Twins With One of His Execs Last Year

Shivon Zilis has been working closely with Musk for a while

(Newser) - Elon Musk's child count is up to nine, that the world knows of at least. The tech CEO secretly fathered twins born in November to a top executive at Neuralink, one of the four companies that have Musk at their head, according to court documents obtained by Business Insider...

Musk Vanished From Twitter, Met the Pope, Came Back

After 9-day online hiatus, his 'longest stretch' offline yet, the Tesla CEO is once more tweeting

(Newser) - If you've been wondering why Elon Musk has vanished on Twitter as of late, don't fret: He's back. In what the Wall Street Journal calls Musk's "longest stretch without posting on Twitter in nearly five years," the Tesla and SpaceX CEO last posted on...

Musk Says New Tesla Factories Are Burning Cash

CEO calls Austin and Berlin plants 'gigantic money furnaces' because of supply chain, battery issues

(Newser) - At some point, the Tesla factories that opened in Texas and Germany earlier this year will pay off. But at the moment, CEO Elon Musk says, they're money pits. "Both Berlin and Austin factories are gigantic money furnaces right now," he said, per Forbes . "It's...

Twitter's Board Unanimously Recommends Deal With Musk

But his purchase of the platform still has a long way to go

(Newser) - The pendulum on the Elon Musk-Twitter courtship has swung from no way to it's happening to it's off to maybe it's on again . A development Tuesday keeps it squarely in the "maybe" camp. Twitter's board recommended unanimously that shareholders approve the proposed $44 billion sale...

Elon Musk's Trans Daughter Breaks With Dad

Vivian, born Xavier, ditches famous last name

(Newser) - One of Elon Musk's five children with his first wife is transgender, and wants to make a clean break from her famous father. Born Xavier Musk, the newly 18-year-old has filed documents to change her name to Vivian Jenna Wilson. The reason given, per TMZ : "Gender Identity and...

SpaceX Employees Criticized Musk. Then Came the Firings

COO Gwynne Shotwell said letter requesting action from leaders was 'overreaching activism'

(Newser) - SpaceX fired at least five workers who helped write and share an open letter criticizing CEO Elon Musk on Thursday, per Reuters . The letter—which called Musk's public behavior "a frequent source of distraction and embarrassment" and also called out his "harmful Twitter behavior"—began circulating...

Mark Cuban Just Did What Elon Musk Could Not

Billionaire gets teen tracking private jets to stop tracking his, promising future business advice

(Newser) - Elon Musk tried to get a Florida teen to stop tracking his private jet , to no avail. Mark Cuban, on the other hand, appears to have been successful. Insider reports that 19-year-old Jack Sweeney has stopped sharing data on his Cuban-dedicated Twitter account after the Dallas Mavericks owner reached out...

Musk Hints Who Would Get His Vote in 2024

It's not clear if Ron DeSantis is running for POTUS, but Tesla CEO says he's leaning toward Fla. gov

(Newser) - It's not yet clear if Ron DeSantis or Donald Trump will be running for president in 2024, but if the Florida governor wades into the candidate pool, looks like he can count on a vote from at least one big name. Last month, Tesla and SpaceX CEO Elon Musk...

New Elon Musk Threat Has Twitter Stock Falling
Twitter
Reverses
Course on
Musk Demand
UPDATED
Jun 8, 2022 11:47 AM CDT

Twitter Reverses Course on Musk Demand

Company will provide more information to help evaluate 'bot' accounts

(Newser) - Updated: Twitter will relent and give Elon Musk all the information he wants to help him evaluate how many bogus accounts—or bots—are on the platform, reports the Washington Post . The company will give him access to what the Post describes as the full "firehose" of its daily...

Elon Musk Has 'Super Bad Feeling' About Economy

He says Tesla needs to cut 10% of jobs

(Newser) - Just days after he declared that working from home was unacceptable, Elon Musk has decided some Tesla employees don't need to come back at all. In an email to execs seen by Reuters, the Tesla CEO says he is planning to cut around 10% of jobs at the company...

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