Elon Musk confirmed through a new SEC filing that he secured $46 billion in financing to make a tender offer to Twitter, but he will likely need to negotiate with the social media’s board after they adopted a poison pill defense. This time, it is truly “funding secured.”
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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 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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Dredging up the past, Elon Musk said today that “starting Tesla” with the two original cofounders instead of just JB Straubel was the “worst decision” of his business career. The comment brings back to light Tesla’s controversial founding.
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Tesla CEO Elon Musk has sent an official offer to buy Twitter and sent it as an ultimatum as he basically threatens to sell his shares if the offer is not accepted.
And the saga continues.
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Tesla CEO Elon Musk changed his mind and decided to walk away from his recently accepted seat on Twitter’s board. It creates a lot of confusion and opens the door to a hostile takeover.
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Tesla CEO Elon Musk and several other auto industry leaders, like GM’s Mary Barra, met with the Biden administration regarding electric vehicle charging infrastructure, according to a new release from the Department of Transport.
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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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A new SEC filing revealed that Elon Musk, better known as CEO of Tesla and SpaceX, invested almost $3 billion in Twitter and now owns almost 10% of the social media platform.
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Elon Musk revealed what is going to be the main subject of Tesla’s “Master Plan Part 3”: It’s going to be about scaling the company to an “extreme size.”
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Tesla CEO Elon Musk says he is working on releasing the third part to Tesla’s “Master Plan.”
Part One and Two have been important pieces of literature at Tesla that, in many ways, laid the path to the company’s success.
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Elon Musk has now officially asked the court to change his 2018 settlement with the SEC in order to terminate the SEC’s policing of his Tesla tweets.
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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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The Wall Street Journal is out with a new report that Elon Musk’s lawyer warned about and reveals that the SEC probe into Musk and Tesla is reportedly about a suspected insider trading violation involving Musk’s brother.
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Elon Musk is ramping up his fight with the SEC saying that he has been “building a case” against the agency and that he “didn’t start the fight,” but he “will finish it.”
Tesla is stuck in the crossfire.
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Alex Spiro, Elon Musk’s lawyer, sent a letter to the SEC on behalf of Musk and Tesla arguing that the agency is “harassing” them and failed to transfer money to Tesla shareholders.
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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 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 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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In new comments about US manufacturing, President Biden finally acknowledged Tesla as “America’s largest electric vehicle manufacturer,” calming Elon Musk fans who have been raising a big stink for months about the administration overlooking Tesla.
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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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Elon Musk is accusing an Associated Press reporter of being a lobbyist over an article about NHTSA’s recall of Tesla vehicles in the Full Self-Driving Beta program. Now his fans are attacking the journalist on Twitter.
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Late Tuesday evening, Tesla CEO Elon Musk weighed in on a controversial topic in California: the state’s solar tax proposal. Musk tweeted that California’s proposal was a “bizarre anti-environment move by govt of California.”
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Elon Musk says he sold enough Tesla (TSLA) shares to “get around to 10%” – which was the amount he said he would sell as part of his controversial Twitter poll.
The CEO is actually far from 10%, but the whole situation is murky.
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