Tesla CEO Elon Musk was found not liable in a case where investors sought to recover losses after he Tweeted that he had secured the necessary funding to take the automaker’s stock private in 2018. Investors sued Musk, Tesla, and the company’s board, claiming that the CEO’s communications on social media network Twitter had cost […]
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While testifying on Wednesday, Sam Teller, Elon Musk’s former chief of staff, stated that the Tesla CEO had a “handshake deal” with representatives from the Saudi Arabia Public Investment Fund before the infamous “funding secured” tweet was posted on Twitter. Teller had worked closely with Musk from 2014 to 2019. Elon Musk had already taken […]
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SpaceX CEO Elon Musk says that the company could eventually develop an expendable version of its next-generation Starship rocket. Starship is extraordinarily ambitious. Even before considering the unproven concepts of orbital propellant refilling and full, rapid reusability that are central to the full system, Starship is a beast. The rocket measures 120 meters (~390 ft) […]
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Tesla, SpaceX, and Twitter CEO Elon Musk has asked a US judge to dismiss a lawsuit alleging that his late disclosure of a significant stake in Twitter Inc. harmed the social media company’s shareholders last year. Led by the Oklahoma Firefighters Pension and Retirement System, the investors have accused Elon Musk of going past the […]
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Elon Musk’s Twitter has made its first interest payment of $300 million on the $13 billion of debt used by the CEO to purchase the social media platform. The update was shared by individuals reportedly familiar with the matter. The social media platform reportedly settled the interest payment on Friday with a group of seven […]
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Tesla CEO Elon Musk has apologized for his tweet back in October, which promoted an unfounded theory about the attack on 82-year-old Paul Pelosi, the husband of former Speaker of the House Nancy Pelosi. Paul Pelosi was violently attacked in his San Francisco home in late October. Amidst reports that Nancy Pelosi’s husband was violently […]
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Tesla CEO Elon Musk met with Senior Advisor to President Joe Biden, John Podesta and Senior Advisor Mitch Landrieu on Friday in Washington to discuss electric vehicle adoption and progress in the United States. A Senior White House spokesperson said Podesta and Landrieu met with Musk to discuss “shared goals around electrification” and how recently passed […]
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Tesla CEO Elon Musk confirmed during the company’s most recent Earnings Call on Wednesday that the automaker has “other products” being developed. Of course, Musk did not shed any detail on them, but based on what the company might need, and what others have said in the past, we have an idea of what they […]
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California legislators are advocating for legislation that would introduce a new tax on the state’s wealthiest residents, even if they have already relocated to another area of the country. The bill was introduced by Assemblyman Alex Lee, a progressive Democrat in the California State Legislature. Lee’s bill would impose an additional annual 1.5% tax on […]
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Tesla has been head and shoulders above competitors in the electric vehicle field for some time due to its maturity as a company and expertise in EV engineering. The fact that very few companies can say they have been developing electric vehicles for as long as Tesla has is where the company’s true advantage lies. […]
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