Twitter Inc. has hired merger law major Wachtell, Lipton, Rosen & Katz LLP as it seeks to sue Elon Musk for deciding to reject a $44 billion takeover of the company, according to people familiar with the matter, who Bloomberg. The social networking company plans to file a lawsuit early this week, according to the […]
Tag: Elon Musk
Twitter in dire straits after Musk’s announcement to withdraw from the purchase agreement
Elon Musk’s attempt to walk away from his deal to buy Twitter Inc. leaves the company worse off regardless of the outcome of the case, Bloomberg reports. If the CEO of Tesla Inc. succeeds in closing the deal, Twitter’s stock will likely plummet, and staff already frustrated by months of Musk’s public criticism of the […]
Elon Musk is walking away from the Twitter acquisition
LAST UPDATE: 01.10 Tesla CEO Elon Musk said late Friday night (Greece time) that he was ending the $44 billion deal to buy Twitter, saying – according to Reuters – that the company had failed to provide information about with the fake accounts on the platform. Shares of Twitter fell as much as 7% after […]
Germany calls on Tesla to recall 59,000 vehicles due to technical problem
Germany’s transport regulator has called on it to recall Y and 3 models due to a technical problem in the cars’ emergency system. As Bloomberg reports, the Federal Motor Transport Authority can only order a recall in Germany, but it said on its website that a total of more than 59,000 Teslas will be affected […]
The richest billionaires lost 1.4 trillion. dollars in the worst half of all time
Elon Musk’s fortune slipped by almost $62 billion. At the same time, Jeff Bezos lost about $63 billion in his fortune, while Mark Zuckerberg lost more than half of his fortune, according to Bloomberg. In total, the 500 richest people in the world lost 1.4 trillion. dollars in the first half of 2022, marking a […]
Because Elon Musk is 15 billion richer as of Tuesday
The fortune of the richest man in the world, the head of Tesla, Elon Musk, jumped by 14.5 billion dollars as the share of the electric vehicle company increased by 9.4% after the rise of 2.5% of the Nasdaq, after from the fall of the previous week. Analysts attributed Tesla’s outperformance to both Musk’s comments […]
Musk’s bad sense of impending recession intensifies
By Siladitya Ray Tesla CEO and billionaire Elon Musk said the US economy is likely to face the spectrum of recession in the near future, in an interview with Bloomberg on Tuesday, echoing concerns voiced by several other top business and financial leaders. following the recent, sharper-than-expected increase in key interest rates by the Federal […]
Elon Musk: There are still unresolved issues surrounding the acquisition of Twitter
LAST UPDATE: 10.49 Tesla CEO Elon Musk told the Qatar Economic Forum that there were “a few issues” that have not been resolved around the acquisition of Twitter, as he awaits the company’s conclusion on the number of fake accounts ( bots) on the social networking platform. The billionaire has recently created nervousness with his […]
The difficult quarter for Tesla and the warning of Elon Musk
By Alan Ohnsman Tesla’s Model Y and other cars and crossovers from leading electric vehicle maker are meeting in the wake of Elon Musk’s warning of a “difficult quarter” due to production downturn in China due to severe coronavirus restrictions on cuts jobs and in the “dip” of the stock. The base version of the […]
‘There are more options for Dogecoin,’ says Elon Musk
Tesla CEO Elon Musk took to Twitter again earlier on Saturday to voice his views on cryptocurrencies. Responding to a tweet from Dogecoin co-founder Billy Markus, who said he wanted people to “really use it for something”, Musk wrote “Tesla and SpaceX products, maybe more things along the way”. In January, cryptocurrency with the meme […]
