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Leaked Elon Musk text messages confirm what everyone knew about Tesla’s take-private deal

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As part of a lawsuit between shareholders and Elon Musk regarding his “funding secured” tweet, new text messages and emails between Musk and people involved have been released.

The communications pretty much confirmed how most people saw the situation: Elon Musk took a meeting with the head of Saudi Arabia’s Public Investment Fund (PIF) and had early discussions about taking Tesla private, which he took as enough to say that the “funding was secured”.

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Elon Musk boldly says ‘join Tesla’s $12K FSD’ to find out how it is doing when asked to share data about progress

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During Tesla’s Q1 2022 earnings call, Elon Musk was asked to share data that show progress with Tesla’s Full Self-Driving (FSD) Beta program. Instead of sharing this data, however, the CEO suggested that people wanting to assess the progress of Tesla FSD should just “join the Beta,” which requires buying the controversial $12,000 package.

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Elon Musk claims that ‘funding was secured’ in infamous Tesla ‘420 take private’ attempt, but SEC/banks forced him to settle

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Elon Musk opened up in a new interview yesterday about the SEC lawsuit regarding his attempt to take Tesla private back in 2018 and his infamous “funding secured” announcement.

The Tesla CEO now claims funding was indeed secured and that he was forced to settle with the SEC because the company’s banks were telling him that he wouldn’t be able to secure additional funding if he kept fighting the lawsuit.

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Elon Musk joins Twitter’s board, but it caps his ownership of the social media to 15% to avoid hostile takeover

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Twitter announced today that Tesla CEO Elon Musk will be joining its board of directors after he bought over 9% of the company and became its largest shareholder.

However, Musk’s board participation comes with a stipulation that he can’t own more than 14.9% of the company in order to avoid a hostile takeover.

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Elon Musk says drill for oil, but he should worry more about nickel prices skyrocketing

Elon Musk

Elon Musk recently made a call for the world to drill for more oil as prices are surging amid anticipated shortages due to the situation between Russia and Ukraine.

It’s surprising coming from someone who is trying to get the world off oil. But on top of it, he and Tesla should worry more about nickel prices, which are skyrocketing right now.

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VW CEO Diess disagrees with Tesla CEO Elon Musk, saying L3 autonomy requires Lidar (plus VW EV Pickup, summer OTA, and more)

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In a wide-ranging AMA on Reddit today, VW CEO Herbert Diess provided answers to a ton of questions from the Reddit community, some of which were news to us. Importantly, he clarified Volkswagen’s position on Autonomy and ID.4 charging update timelines while waxing eloquent on a low-price VW EV and everyone’s favorite, the Microbus.

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Elon Musk might have actually followed through with ‘world hunger-ending donation’ as Tesla reveals he donated billions in shares

Elon Musk

Elon Musk might have actually followed through with the supposedly “world hunger-ending donation” that he questioned last year as Tesla reveals he has donated billions of dollars worth of shares over the last few months.

Though the recipient of the giant donation worth almost $6 billion hasn’t been revealed, the number and timing might give us a clue.

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Elon Musk links Tesla’s current legal and regulatory troubles to its disruptiveness, lack of ads, and political contributions

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Elon Musk put its support behind the notion that Tesla’s current legal and regulatory troubles with several government agencies are due to the company’s disruptiveness in several industries, lack of paying for ads, and lack of political contributions.

The comment dismisses some serious accusations as just repercussions for Tesla angering the wrong people.

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Elon Musk and Tesla fans ramp up pressure for recognition from Biden with ad and 50,000 petition signatures

Elon Musk and Tesla fans are ramping up the pressure to get recognition from President Biden, who has had a clear problem acknowledging that Tesla is leading the electrification of the auto industry in the United States. Almost 50,000 Tesla supporters have signed a petition, and someone has even bought an ad about it on Times Square.

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