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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

Tesla TSLA Elon Musk

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)

Diess Musk

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

Tesla Elon Musk

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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