Elon Musk News Updates

Business, Technology, Fuel, Autonomous

Twitter-Musk Takeover Dispute Heading for an October Trial

Tesla CEO Elon Musk lost his fight to delay Twitter鈥檚 lawsuit against him as a Delaware judge on July 19 set an October trial, citing the 鈥渃loud of uncertainty鈥 over the social media company after the billionaire backed out of a deal to buy it.

July 19, 2022
Government, Business, Technology, Fuel, Autonomous

Tesla Stock Teeters as Elon Musk Girds for Another Legal Battle

Tesla bulls rejoiced when Elon Musk sought to terminate his agreement to buy Twitter. That initial relief has given way to realization the hangover from this ordeal won鈥檛 lift anytime soon.

July 13, 2022
Government, Business, Technology, Autonomous

Twitter Sues to Force Musk to Consummate $44 Billion Buyout

Twitter Inc. sued billionaire Tesla CEO Elon Musk over his abandoned $44 billion takeover bid, asking a judge to force him to follow through on his offer.

July 12, 2022
Business, Technology

Elon Musk Says He鈥檚 Terminating Twitter Deal

Tesla CEO Elon Musk said he鈥檚 terminating his $44 billion agreement to acquire Twitter Inc. and take it private, triggering a legal fight with the company.

July 8, 2022
Business, Fuel, Autonomous

Elon Musk Says New Tesla Plants Are Losing Billions

Elon Musk said Tesla Inc.鈥檚 new plants in Germany and Texas are losing 鈥渂illions of dollars鈥 as the electric vehicle maker tries to ramp up production.

June 22, 2022
Business, Fuel, Autonomous

Musk Warns of Tesla鈥檚 鈥榁ery Tough Quarter鈥 in Staff Email

Tesla Inc. has had a 鈥渧ery tough quarter鈥 as it struggles with supply chain snags, Chief Executive Officer Elon Musk warned in an internal memo, imploring workers to help get the electric vehicle maker back on track.

June 13, 2022
Business, Technology

Musk Threatens to Walk Away From Twitter Deal

DETROIT 鈥 Elon Musk is threatening to walk away from his $44 billion bid to buy Twitter, accusing the company of refusing to give him information about its spam bot accounts.

June 6, 2022
Business, Technology, Equipment, Autonomous

Elon Musk鈥檚 Boring Co. Pitched Texas on Tunnels for Cars, People, Water

Before the end of Year One of the COVID-19 pandemic, Elon Musk did something a lot of other people were doing at the same time: He moved. Once in Texas, several of his business ventures followed, including Boring Co., a startup seeking to create underground transportation systems.

June 1, 2022
Government, Business, Fuel

Musk鈥檚 Go-Private Tweets About Tesla Were Reckless, Judge Found

鈥淣o reasonable jury could find that Mr. Musk did not act recklessly.鈥 That鈥檚 the upshot of a federal judge鈥檚 review of Tesla Inc. CEO Elon Musk鈥檚 2018 tweets about taking the company private, as revealed in an order that was made public May 10.

May 10, 2022
Business, Technology, Fuel

Wall Street, Tech Investors Back Musk Twitter Bid With $7 Billion

Elon Musk has strengthened the equity stake of his $44 billion offer to buy Twitter with commitments of more than $7 billion from a diverse group of investors, including Silicon Valley heavy hitters such as Oracle co-founder Larry Ellison.

May 5, 2022