Musk, Tesla not liable in securities class-action lawsuit

Tesla CEO Elon Musk and his security detail depart the company’s local office in Washington, January 27, 2023. Jonathan Ernst | Reuters Elon Musk and Tesla were found not liable by a jury in a San Francisco federal court on Friday in a class-action securities fraud trial stemming from tweets Musk made in 2018. The … Read more

Musk first day owning Twitter leads to havoc and possible hoax

Twitter headquarters in San Francisco. Adam Jeffery | CNBC [Editor’s note: After CNBC published details of an interview with people who claimed to be fired employees of Twitter, several reports emerged suggesting it was a hoax. CNBC could not confirm the identities of the individuals.] On Elon Musk’s first day in control of Twitter, a … Read more

Elon Musk on the hook to pay more than $200 million to 3 fired Twitter execs

This story was updated with a more current tally of shares from Twitter’s most recent proxy statement.  When Twitter Inc.’s top executives walked out of its San Francisco headquarters Thursday, they may as well have been carrying bags of Elon Musk’s cash. Chief Executive Parag Agrawal, Chief Financial Officer Ned Segal and Vijaya Gadde, Twitter’s … Read more

Elon Musk says Tesla is ‘pedal to the metal’ even in recession

SpaceX Chief Engineer Elon Musk takes part in a joint news conference with T-Mobile CEO Mike Sievert (not pictured) at the SpaceX Starbase, in Brownsville, Texas, U.S., August 25, 2022. Adrees Latif | Reuters Elon Musk sees elements of a recession in China and Europe and says that the U.S. Federal Reserve is raising interest … Read more

Tesla stock had its worst week since Mar. 2020 amid wild week for Musk

Michael Gonzalez | Getty Images News | Getty Images Tesla shares dropped nearly 16% during what CEO Elon Musk called a “very intense 7 days indeed” to one of his 108 million followers on Twitter. Tesla shares closed at $265.25 on Friday, Sept. 30. At market’s close one week later, Tesla shares were trading at … Read more

5 things to know before the stock market opens Friday, October 7

Traders work on the floor of the New York Stock Exchange (NYSE) in New York, September 26, 2022. Brendan McDermid | Reuters Here are the most important news items that investors need to start their trading day: 1. Waiting for the jobs number After a gangbusters two days to start the week, stocks have declined … Read more

Elon Musk says Twitter will eventually be part of ‘X, the everything app’

Elon Musk has a new plan for Twitter Inc. after giving up a legal battle and agreeing to pay $44 billion for the company Tuesday. ““Buying Twitter is an accelerant to creating X, the everything app”” — Elon Musk That tweet was Musk’s first public statement Tuesday about the decision, which was revealed in a … Read more

Who texted Elon Musk to get involved or offer advice on Twitter deal?

Elon texted his brother Kimbal Musk, an entrepreneur and Tesla board member, on Apr. 9: I have an idea for a blockchain social media system that does both payments and short text messages/links like twitter. You have to pay a tiny amount to register your message on the chain, which will cut out the vast … Read more

Dorsey wanted Musk on Twitter board, but directors were ‘risk averse’

Elon Musk has served August 22, 2022 former Twitter boss Jack Dorsey with a subpoena in a hunt for material to help him get out of buying the giant social media platform for $44 billion as agreed. Jim Watson | AFP | Getty Images Before the current legal saga between Twitter and billionaire Elon Musk … Read more