Elon Musk

Tesla CEO Elon Musk has sold 7,924,107 shares of his company worth nearly $6.9 billion, saying he might need the cash in the unlikely event that he is forced by the court to close the Twitter deal, Tesla North is reporting. Musk sold the shares on August 5, August 8, and 9, according to the SEC...

Tesla and SpaceX CEO Elon Musk on Friday filed a countersuit against Twitter, details of which are yet to be made public — reports CNBC. The two parties have been embroiled in a legal battle after Musk announced earlier this month that he was "terminating" his bid to buy Twitter for $44 billion USD. According to Musk's...

Tesla and SpaceX CEO Elon Musk is scheduled to meet Twitter in the Delaware Court of Chancery in October for a trial over his agreement to acquire the social media company for $44 billion USD — reports The Verge. Musk announced earlier this month that he was "terminating" his bid to purchase Twitter due to disagreements...

Twitter has said its less than stellar second-quarter financials are a result of ongoing uncertainty around Tesla, SpaceX CEO Elon Musk's proposed $44 billion USD acquisition of the social media company — reports The Guardian. The company reported $1.18 billion USD in revenue for Q2, down 1% year-over-year. Twitter attributed the decline to "advertising industry headwinds...

After Twitter filed a lawsuit against Elon Musk to force its $44 billion acquisition to close, the Tesla CEO’s lawyers have responded, according to filings on Friday. According to Bloomberg, Musk’s legal team says Twitter officials are pushing for an unfair four-day “warp speed” trial for September. Musk’s team wants a trial to take place...

Twitter today said that Tesla and SpaceX CEO Elon Musk's desire to back out of his proposed $44 billion USD acquisition of the social media company is "invalid and wrongful" — reports CNBC. Musk announced he was "terminating" the deal in a Friday letter to the SEC. In the filing, Musk's lawyers alleged that Twitter breached...

Following Tesla CEO Elon Musk's announcement to terminate the merger agreement to buy Twitter, the social media network said it will take legal action against the billionaire, to which Musk has now responded with memes featuring actor Chuck Norris (via CNET). Last week, Musk pulled out of a $44 billion deal to buy the social network,...

Tesla CEO Elon Musk has announced he is “terminating” the merger agreement to buy Twitter, according to a filing with the SEC. The letter is written by Musk’s lawyer, Mike Ringler from Skadden, Arps, Slate, Meagher & Flom LLP. "Mr. Musk is terminating the Merger Agreement because Twitter is in material breach of multiple provisions of...

Tesla, SpaceX CEO is seriously rethinking his $44 billion USD takeover bid for Twitter — reports the Washington Post. Three sources with knowledge of the proceedings told the publication that Musk and his team have been unable to verify Twitter's claims about how many spam and fake accounts the platform has, despite the latter handing...

Elon Musk on Thursday had an all-hands meeting with Twitter employees for the first since he tendered his offer to buy the social media platform for $44 billion USD. While the virtual meeting wasn't open to the public, it wasn't long before a recording of the entire call leaked online. Check out the full meeting...

Telsa CEO Elon Musk is set to attend a virtual all-hands meeting with Twitter employees to address pertinent questions regarding his purchase of the company. The meeting is being held Thursday and will be the first time Musk is directly interacting with Twitter's many staff members. As Musk is in the midst of purchasing Twitter...

Twitter’s board plans to comply with Elon Musk’s request to obtain internal spam and bot data, reports unnamed sources speaking to the Washington Post. The Twitter “firehose”, which consists of 500 million daily tweets, will be provided to Musk, who earlier this week threatened to walk away from the $44 billion deal, citing a “material...