Elon Musk

Elon Musk will reportedly take over the role of CEO at Twitter after the acquisition is complete, but the plan is to not hold it for long. Where have we heard that before?

Update: Musk reported selling 4.4M TSLA shares valued at close to $4B on Tuesday, driving the price down over 100 points and likely to purchase TWTR shares. Musk noted this evening that he wouldn’t sell any additional TSLA shares.

Tesla’s stock (TSLA) is currently taking a beating and losing over $150 billion in value amidst the confusion around Elon Musk’s Twitter(TWTR) acquisition. The main question on investors’ minds is: is Elon Musk selling Tesla stocks?

A judge shut down Elon Musk’s effort to cancel the part of his settlement with the SEC over his ‘funding secured’ tweet that basically gave the agency the right to act as a sort of ‘Twitter police.’

Twitter announced that it accepted an acquisition offer from Tesla CEO Elon Musk for roughly $44 billion, and it will become a private company once the transaction is closed.

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”.

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.”

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.

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.

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.

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.

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.

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.

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.

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.

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.”

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.

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.

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.

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.

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.

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.