Elon Musk was busying selling shares of Tesla earlier this week, to the tune of $4 billion worth. The transactions happened on Tuesday and Wednesday after his deal to purchase Twitter was approved. Filings with the Securities and Exchange Commission on Thursday revealed Musk sold about 4.4 million shares of Tesla, worth roughly $4 billion. FINAL […]
Elon Musk has won a shareholder lawsuit over Tesla’s $2.6 billion acquisition of SolarCity, reports CNBC. On Wednesday, a Delaware court ruled in Musk’s favour, as the lawsuit alleged the Tesla CEO had acquired SolarCity, a transaction akin to a bailout. SolarCity was founded by Musk’s cousins Peter and Lyndon Rive back in 2006 and […]
The Securities and Exchange Commission (SEC) has been a burden for Tesla CEO Elon Musk to bear, and a recent request to end the agency’s oversight has been denied. Musk was denied a bid to undo the SEC’s oversight of his Twitter, mandated through an agreement made in 2018, according to Bloomberg. In addition, a […]
Twitter announced the sale of its company to Elon Musk for $44 billion on Monday, in what was one of the largest and swiftest buyouts in Wall Street history. Musk was deeply involved in the transaction of his Twitter takeover, despite him not looking at the social media company’s financials beyond what was publicly available, […]
Twitter has announced it will sell the company to Elon Musk for $54.20 per share, or $44 billion. Once complete the sale will take Twitter private. “Under the terms of the agreement, Twitter stockholders will receive $54.20 in cash for each share of Twitter common stock that they own upon closing of the proposed transaction. The purchase […]
After a judge ruled Tesla CEO Elon Musk’s 2018 tweet saying he had “funding secured” to take Tesla private was false, a new court filing shows some of Musk’s messages around the time of the tweet. A 300-page motion filed on Friday as a part of the lawsuit shows a text message thread between Musk […]
Following an update that Tesla’s Elon Musk was meeting with Twitter on Sunday to discuss a potential buyout, it appears the social media company may be ready to accept an offer in the coming days. Twitter is planning a transaction with Elon Musk that could take place as soon as Monday if negotiations go well, […]
According to sources familiar with the matter, Twitter is re-examining Tesla and SpaceX CEO Elon Musk’s offer to buy the social media company for $43 billion USD now that he has raised $46.5 billion in financing for the deal — reports The Wall Street Journal. While analysts originally expected Twitter to accept Musk’s buyout offer, things […]
Elon Musk confirmed in a tweet on Friday evening that tech magnate Bill Gates admitted to shorting Tesla when the latter recently approached him about “philanthropy possibilities” — reports Business Insider. Responding to screenshots of a conversation between Musk and the Microsoft founder shared by @WholeMarsBlog, the Tesla CEO confirmed they were real. @elonmusk is this […]
Elon Musk’s vision for Twitter and his financial plans for the social media giant proved instrumental in raising $46.5 billion USD in financing for his bid to acquire the company — reports Bloomberg. Musk hasn’t said much publicly about his plans for Twitter beyond wanting to make it “the platform for free speech around the globe.” […]
Tesla and SpaceX CEO Elon Musk this week created three new holding companies, each with a variation of the name “X Holdings,” to help with his planned acquisition of social media giant Twitter — reports Bloomberg. According to documents filed with the U.S. Securities and Exchange Commission (SEC), Musk and his co-investors in the Twitter […]
Elon Musk has received extra funding to help secure the purchase of social media company Twitter, as detailed in a filing with U.S. regulators. Musk has secured $46.5 billion in debt and equity financing to purchase Twitter, according to Reuters. The funding includes $33.5 billion from Musk himself, along with another $21 billion of equity […]
Tesla CEO Elon Musk has just landed another hefty piece of compensation, following the automaker’s success in the first quarter. Musk has earned another $23 billion in performance awards from Tesla, after the automaker posted Q1 revenue outpacing Wall Street estimates, according to Reuters. Tesla’s quarterly revenue amounted to $18.76 billion, with adjusted earnings of […]
Tesla CEO Elon Musk may be polarizing to some, and now a new candidate for Senate in California is using his bid solely to take Musk and the company’s Full Self-Driving program down. California Senate candidate Dan O’Dowd launched a multimillion-dollar television ad campaign on Tuesday to push for a ban on Tesla’s self-driving vehicles […]
Tesla and SpaceX CEO Elon Musk is looking to partner with co-investors in his $43 billion USD bid to buy social media platform Twitter — reports The New York Post. Earlier this month, Musk revealed he had bought a 9.2% stake in Twitter for $3.4 billion, becoming the company’s largest shareholder. Musk was originally going to […]
