Elon Musk

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One Clause in Contract May Be Bad News for Musk

'Specific performance' term could be used to force him into buyout deal

(Newser) - As Elon Musk and Twitter head toward a high-stakes court battle over his decision to bail on the buyout deal, stories have begun assessing the odds of which side might prevail. Generally, most see Twitter with the stronger hand, and a big reason is because the deal includes a "...

Twitter Lawyers Up, and Musk Issues a Taunt

Company hires heavyweight firm as Tesla CEO tweets a laughing meme

(Newser) - The Twitter/Elon Musk soap opera appears to be headed toward a heavyweight battle in a Delaware court. Some new developments:
  • Lawyering up: Bloomberg reports that Twitter hired "merger law heavyweight" Wachtell, Lipton, Rosen & Katz and is expected to file suit this week. Twitter will try to force Musk
...

Here's What Trump Thinks of Elon Musk

He's a 'bulls--- artist' who won't be buying Twitter, former POTUS says

(Newser) - In case you were wondering how former President Trump feels about the Elon Musk-Twitter drama , he made his opinion known Saturday. "Leon’s, I’ll tell you what,” Trump started, apparently using the incorrect name. “Elon, Elon, is not going to buy Twitter. … He’s got...

For Twitter, Musk's Move Is 'Worst Case'

Company might win a legal fight to save deal, but analysts say there would be drawbacks

(Newser) - Twitter's stock price has dropped, its public image is damaged, and employee morale is tanking. And that was all before Elon Musk told Twitter and the SEC on Friday that he wants out of the $44 billion deal to buy the company. Twitter said it will fight Musk on...

&#39;Twitter Willing to Go to War&#39; With Musk Over Deal
Elon Musk to Twitter:
I'm Walking Away
update
Jul 8, 2022 5:56 PM CDT

Elon Musk to Twitter: I'm Walking Away

But Twitter says it intends to make him honor his deal to buy the company

(Newser) - Update: The drama intensifies. Elon Musk notified Twitter and the SEC late Friday afternoon that he wants out of his deal to buy the company, reports the Wall Street Journal . He accused Twitter of failing to provide all the information he has requested on fake accounts. Twitter, though, won't...

Elon Musk Secretly Had Twins With One of His Execs Last Year

Shivon Zilis has been working closely with Musk for a while

(Newser) - Elon Musk's child count is up to nine, that the world knows of at least. The tech CEO secretly fathered twins born in November to a top executive at Neuralink, one of the four companies that have Musk at their head, according to court documents obtained by Business Insider...

Musk Vanished From Twitter, Met the Pope, Came Back

After 9-day online hiatus, his 'longest stretch' offline yet, the Tesla CEO is once more tweeting

(Newser) - If you've been wondering why Elon Musk has vanished on Twitter as of late, don't fret: He's back. In what the Wall Street Journal calls Musk's "longest stretch without posting on Twitter in nearly five years," the Tesla and SpaceX CEO last posted on...

Musk Says New Tesla Factories Are Burning Cash

CEO calls Austin and Berlin plants 'gigantic money furnaces' because of supply chain, battery issues

(Newser) - At some point, the Tesla factories that opened in Texas and Germany earlier this year will pay off. But at the moment, CEO Elon Musk says, they're money pits. "Both Berlin and Austin factories are gigantic money furnaces right now," he said, per Forbes . "It's...

Twitter's Board Unanimously Recommends Deal With Musk

But his purchase of the platform still has a long way to go

(Newser) - The pendulum on the Elon Musk-Twitter courtship has swung from no way to it's happening to it's off to maybe it's on again . A development Tuesday keeps it squarely in the "maybe" camp. Twitter's board recommended unanimously that shareholders approve the proposed $44 billion sale...

Elon Musk's Trans Daughter Breaks With Dad

Vivian, born Xavier, ditches famous last name

(Newser) - One of Elon Musk's five children with his first wife is transgender, and wants to make a clean break from her famous father. Born Xavier Musk, the newly 18-year-old has filed documents to change her name to Vivian Jenna Wilson. The reason given, per TMZ : "Gender Identity and...

SpaceX Employees Criticized Musk. Then Came the Firings

COO Gwynne Shotwell said letter requesting action from leaders was 'overreaching activism'

(Newser) - SpaceX fired at least five workers who helped write and share an open letter criticizing CEO Elon Musk on Thursday, per Reuters . The letter—which called Musk's public behavior "a frequent source of distraction and embarrassment" and also called out his "harmful Twitter behavior"—began circulating...

Mark Cuban Just Did What Elon Musk Could Not

Billionaire gets teen tracking private jets to stop tracking his, promising future business advice

(Newser) - Elon Musk tried to get a Florida teen to stop tracking his private jet , to no avail. Mark Cuban, on the other hand, appears to have been successful. Insider reports that 19-year-old Jack Sweeney has stopped sharing data on his Cuban-dedicated Twitter account after the Dallas Mavericks owner reached out...

Musk Hints Who Would Get His Vote in 2024

It's not clear if Ron DeSantis is running for POTUS, but Tesla CEO says he's leaning toward Fla. gov

(Newser) - It's not yet clear if Ron DeSantis or Donald Trump will be running for president in 2024, but if the Florida governor wades into the candidate pool, looks like he can count on a vote from at least one big name. Last month, Tesla and SpaceX CEO Elon Musk...

New Elon Musk Threat Has Twitter Stock Falling
Twitter
Reverses
Course on
Musk Demand
UPDATED
Jun 8, 2022 11:47 AM CDT

Twitter Reverses Course on Musk Demand

Company will provide more information to help evaluate 'bot' accounts

(Newser) - Updated: Twitter will relent and give Elon Musk all the information he wants to help him evaluate how many bogus accounts—or bots—are on the platform, reports the Washington Post . The company will give him access to what the Post describes as the full "firehose" of its daily...

Elon Musk Has 'Super Bad Feeling' About Economy

He says Tesla needs to cut 10% of jobs

(Newser) - Just days after he declared that working from home was unacceptable, Elon Musk has decided some Tesla employees don't need to come back at all. In an email to execs seen by Reuters, the Tesla CEO says he is planning to cut around 10% of jobs at the company...

Elon Musk Takes Rigid Stance on Remote Work

Email posted to Twitter purportedly tells Tesla staff remote work only OK past 40-hour mark

(Newser) - Elon Musk has made clear to his Tesla workforce that remote work is not acceptable. Nor is it "acceptble," as the subject line of an email apparently sent to Tesla employees Tuesday and later posted to Twitter made clear. The brief email explains that "anyone who wishes...

I See Elon Musk as an Emperor Without Clothes
I See Elon Musk as an
Emperor Without Clothes
OPINION
May 27, 2022 9:20 AM CDT

I See Elon Musk as an Emperor Without Clothes

Edward Niedermeyer has been digging into Musk, Tesla since 2015

(Newser) - For Edward Niedermeyer, it's plain as day: The emperor—that would be Elon Musk—has no clothes. It's an opinion Niedermeyer has held for years, and he hasn't been quiet about it (see his 2019 publication of the book Ludicrous: The Unvarnished Story of Tesla Motors). In...

Shareholders Sue Musk Over Twitter's Falling Stock Price

Shares are running 27% below Tesla CEO's offer price

(Newser) - Twitter shareholders have filed a lawsuit accusing Elon Musk of engaged in "unlawful conduct" aimed at sowing doubt about his bid to buy the social media company. The lawsuit filed late Wednesday in the US District Court for the Northern District of California claims the billionaire Tesla CEO has...

Elon Musk Gives Twitter Investors Hope

As Jack Dorsey leaves the company's board of directors

(Newser) - Jack Dorsey left Twitter's board of directors Wednesday, in a move that had been planned and announced when Dorsey resigned as CEO in November. Dorsey is the last of the social network's founders to cut formal ties with the company, NBC News reports. His term on the board...

UN Food Chief to Musk: 'We Need Your Help, Brother'

David Beasley wants billionaires to step up, saying the situation is serious

(Newser) - The head of the United Nations' World Food Program is telling billionaires it's "time to step up" as the global threat of food insecurity rises with Russia's war in Ukraine. Executive Director David Beasley said he's seen encouraging signs from some of the world's richest...

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