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Elon Musk appears in court to defend Tesla buyout tweets | Science & Tech News
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Elon Musk has appeared in court to refute allegations that Tesla shareholders were defrauded out of billions of dollars by his tweets. The company’s chief executive wrote in 2018 that he had “secured” funding to take the electric carmaker private and later that investor backing was “confirmed”, causing shares to soar and then fall. Less…
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Elon Musk’s ‘lies’ about Tesla on Twitter cost investors millions, court told | World News
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Elon Musk “lied” when he claimed he had “secured” funding to take Tesla private, a lawyer for investors has told a court. The company’s chief executive wrote in 2018 that he had “secured” funding to take the electric carmaker private and later that investor backing was “confirmed”, causing shares to fall and then to soar.…
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Elon Musk and Tesla going on trial over claims his tweets cost investors billions of dollars | Science & Tech News
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Elon Musk and Tesla are set to go on trial over allegations that shareholders were defrauded out of billions of dollars by his tweets. The company’s chief executive wrote in 2018 that he had “secured” funding to take the electric carmaker private and later that investor backing was “confirmed”, causing shares to soar and then…
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Elon Musk breaks world record for largest loss of personal fortune in history | World News
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Elon Musk has earned a place in the Guinness World Records for the largest ever loss of personal wealth after Tesla stock plummeted. The Twitter and Tesla chief executive – who was overtaken as the world’s richest man in December – has lost about £153bn ($182bn) since November 2021, according to estimates by Forbes. Oher…
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Richard Branson woke in middle of night to find Elon Musk barefoot in his kitchen – and holding his baby | UK News
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Richard Branson has revealed a bizarre story about finding Elon Musk in the kitchen of his New Mexico house in the middle of the night before his first space flight. In an interview this weekend, Mr Branson said the Twitter and Tesla owner was completely barefoot, holding his fast-asleep baby X Æ A-12, and had…
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Elon Musk emails staff as Tesla stocks reach two-year low | Business News
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Tesla stocks have slid to their lowest value in more than two years as the electric car maker plans to reduce its production cycle and investors worry how much time Elon Musk is dedicating to managing Twitter. Musk emailed Tesla staff telling them not to be “bothered by stock market craziness” and that Tesla will…
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Gillian Keegan’s Twitter account changes picture to Elon Musk and promotes crypto in apparent hack | Politics News
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The UK education secretary’s Twitter account appears to have been hacked, with its profile picture changed to an image of Elon Musk and several posts promoting a cryptocurrency once backed by the billionaire. While Gillian Keegan’s page still describes her as MP for Chichester and secretary of state for education, and has retained its banner…
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Elon Musk says Twitter ‘not on the fast lane to bankruptcy anymore’ | Business News
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Elon Musk says Twitter is “not on the fast lane to bankruptcy anymore”, but admits there is “still much work to do”. Since he took control of the social networking platform in October, having paid $44bn (£38bn) for it, Musk has not had an easy ride. He made a number of controversial policy decisions and…
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Elon Musk insists Twitter’s ‘suicide prevention feature’ is still intact after reports it had been removed | Science & Tech News
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Elon Musk has insisted a Twitter feature that promoted suicide prevention hotlines and similar safety resources has not been removed after reports it had been taken down for an unannounced revamp. Responding to the claims, which were originally reported by the Reuters news agency, the billionaire said: “The message is actually still up. This is…
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Elon Musk says he will resign as Twitter CEO ‘as soon as I find someone foolish enough to take the job’ | Science & Tech News
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Elon Musk has said he will resign as CEO of Twitter “as soon as I find someone foolish enough to take the job”. The Twitter boss said following that he would “just run the software and servers teams”. It comes after Musk launched a poll asking users for their verdict on his tenure, saying he…