The planned takeover of Twitter by Elon Musk is in “serious jeopardy”, according to a report, sending shares in the company 4% lower in after-hours trading on Wall Street.
Musk’s team has stopped certain discussions around funding for the $44bn deal, according to a report, citing three people familiar with the matter. The report said Musk had concluded that Twitter’s figures on spam accounts – a bone of contention in the deal – were not verifiable.
BYD, a Chinese automaker backed by Warren Buffett’s Berkshire Hathaway, has soared past Tesla as the world’s leading electric vehicle seller, according to company filings published Sunday on the Hong Kong Stock Exchange. BYD sold 641,000 new energy vehicles in the first half of 2022 while Tesla was far behind this number.
Elon Musk’s space company, ‘SpaceX’, has back-to-back-to-back orbital missions lined up on Friday and Sunday. It just hauled a Globalstar communications satellite into orbit early Sunday from Cape Canaveral, pulling off the third Falcon 9 rocket flight in just 36 hours, the fastest sequence of three missions by any commercial launch company in history.
What just happened? Elon Musk and his companies are doubtlessly used to being hit with lawsuits, but this one is probably the largest and perhaps most unusual they’ve had to deal with. Musk, Tesla, and SpaceX are all being sued for $258 billion—not millions—over claims they ran a pyramid scheme to support Dogecoin, a cryptocurrency Musk has often praised on Twitter.
Tesla will reportedly cut about 10% of jobs because its CEO Elon Musk has a ‘super bad feeling’ about the US economy. In a message sent to executives on Thursday, June 2nd, 2022, Musk laid out his concerns and told them to ‘pause all hiring worldwide’. The news follows Musk ordering Tesla staff back to the office saying Work From Home is ‘no longer acceptable’.
Since the first modern electric vehicles (EV) took to the roads in the 2000s, critics have been quick to question the ‘clean’ label attached to them. From manufacturing concerns to battery power, EVs have been under scrutiny from skeptics. With the amount of debate and misinformation troubling the waters, the facts behind the efficiency of electric vehicles have become somewhat clouded – so just how clean are these vehicles?
In a new lawsuit, Twitter shareholders are suing Elon Musk, alleging that he manipulated the price of the company’s stock for his own benefit in the course of agreeing to buy the company. The lawsuit represents a group of Twitter investors but would allow any shareholders to receive financial compensation. The suit was filed on Wednesday night in federal district court for Northern California and argues that Musk intentionally drove down the company’s stock to secure a better deal.
In just the first 130 days of 2022, SpaceX has completed 18 rocket launches and two astronaut splashdowns, setting a new record for the firm and the commercial launch sector.
Tesla vehicle engaged in Auto-Pilot kills a teenager in California when trying to make a turn during rush hour.
According to a statement by the National Highway Traffic Safety Administration (NHTSA), a formal investigation has been opened into 416,000 Tesla vehicles following reports of
Elon Musk told Cointelegraph Sunday that Tesla will soon be accepting bitcoin again for purchases of Teslas. Just as soon, that is, as bitcoin “miners”
Tesla Inc.’s sales in China rose in May after a brief fall, providing a boost to the electric vehicle maker as it seeks to recover
