Elon Musk News

Twitter’s Battle With Elon Musk Over $44 Billion Deal Heads to Oct. 17 Trial

Twitter’s bid to hold Elon Musk to his $44 billion deal for the social media platform will head to a five-day trial beginning Oct. 17, and Musk must reveal by the end of Friday any legal claims he has against …

Twitter Sues to Force Musk to Consummate $44 Billion Buyout

Twitter Inc. sued Elon Musk over his abandoned $44 billion takeover bid, accusing the billionaire of having buyer’s remorse after his fortune declined. Lawyers for Twitter told a Delaware judge that the world’s richest man should be forced to honor …

Musk Appeals Ruling That Upheld Securities Fraud Settlement

Tesla CEO Elon Musk is appealing a federal court ruling that upheld a securities fraud settlement over Musk’s tweets claiming that he had the funding to take Tesla private in 2018. Musk’s lawyer Alex Spiro filed a notice of appeal …

Elon Musk Sued for $258 Billion Over Alleged Dogecoin Pyramid Scheme

Elon Musk was sued for $258 billion on Thursday by a Dogecoin investor who accused him of running a pyramid scheme to support the cryptocurrency. In a complaint filed in federal court in Manhattan, plaintiff Keith Johnson accused Musk, electric …

Musk Says He May Drop Twitter Deal if Fake-Account Data Not Provided

Elon Musk warned Twitter Inc. on Monday that he might walk away from his $44 billion deal to acquire the social media company if it fails to provide the data on spam and fake accounts that he seeks. This was …

Musk Sued by Twitter Investors for Stock ‘Manipulation’ During Takeover Bid

Billionaire Elon Musk was sued by Twitter Inc .investors claiming he manipulated the company’s stock price downward, as the chief executive of electric carmaker Tesla Inc. mounts a $44 billion takeover bid for the social media platform. The investors said …

Do Claims Against Musk Raise a Legal Issue for His Companies and Twitter Deal?

A report saying Tesla Inc CEO Elon Musk’s company SpaceX paid $250,000 to settle sexual harassment claims by a flight attendant on a private jet comes as he eyes a takeover of Twitter. Below is an overview of some of …

Tesla Bets It Can Bring Down Insurance Costs, Make Driving Safer

For more than six weeks now, the tech and finance industry has been riveted by Elon Musk’s pursuit of Twitter. The topic has sucked up tons of oxygen and contributed to Tesla shares sagging amid a broader market rout and …

Court Says Musk Recklessly Tweeted ‘Funding Secured’ for Taking Tesla Private

A court said that Elon Musk’s 2018 tweets that funding was secured to take Tesla private was inaccurate and reckless, saying “there was nothing concrete” about financing from Saudi Arabia’s sovereign wealth fund at that time. The decision by U.S. …

Tesla, Echoing Musk, Says ESG Metrics Are ‘Fundamentally Flawed’

Tesla Inc., whose Chief Executive Officer Elon Musk has criticized ESG for making little sense, said current ways of measuring environmental, social and governance issues are “fundamentally flawed.” In a 144-page annual report, the electric vehicle-maker said ESG ratings are …