Tag Archives: Elon

‘The tweets are truthful:’ Elon Musk takes witness stand to defend 2018 Tesla tweet

‘The tweets are truthful:’ Elon Musk takes witness stand to defend 2018 Tesla tweet

Tesla (TSLA) CEO Elon Musk took the witness stand on Friday to defend his 2018 Twitter posts against a group of Tesla shareholders. The shareholders hope to persuade jurors that the posts — specifically the one where Musk tweeted “funding secured” to take Tesla private — were false and therefore violated securities laws. “The tweets are truthful — just simply short,” Musk said on the stand Friday in response to the shareholders’ lawyer who questioned whether Twitter’s character… Source link

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Prospective jurors sound off on Elon Musk as jury selection begins in Tesla tweet trial

Prospective jurors sound off on Elon Musk as jury selection begins in Tesla tweet trial

The jury selection process in the trial to determine if one of Elon Musk’s infamous tweets violated U.S. securities laws kicked off on Tuesday. The trial comes after Tesla’s shareholders sued Musk and Tesla’s board of directors in 2018, alleging that Musk illegally posted on Twitter that funding had been secured to privatize the electric vehicle company. Musk’s post, the shareholders say, artificially manipulated Tesla’s stock price. “Am considering taking Tesla private at $420…. Source link

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Elon Musk claims Google makes links disappear

Elon Musk claims Google makes links disappear

Jill Holtzman Vogel, former lead counsel at Glenn Youngkin for Governor, discusses the FBI’s response to the Twitter Files and the impact it could have on the government agency. Elon Musk said on Tuesday that Google frequently makes links disappear in a follow-up to a recent installment of the Twitter Files. All social media platforms work with the U.S. government to censor content, Twitter CEO Elon Musk claimed on Tuesday. The billionaire’s comment refers to the internal Twitter… Source link

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Tesla stock concerns go beyond Elon Musk multitasking at Twitter: Analyst

Tesla stock concerns go beyond Elon Musk multitasking at Twitter: Analyst

There are more reasons behind Tesla’s (TSLA) plunging stock price than Elon Musk’s focus on Twitter, according to Wells Fargo auto analyst Colin Langan. “It’s very concerning about the weakness that we’re seeing in China,” Langan said on Yahoo Finance Live (video above). “We are seeing incentives go up, and sales actually are not increasing there. And [a] driving concern is: Are we going to start seeing that in the U.S. and Europe? Is that just sort of the early days of softening demand? And… Source link

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A data scientist says Jack Dorsey told her Twitter was defenseless against a takeover by Elon Musk and the company should never have gone public

A data scientist says Jack Dorsey told her Twitter was defenseless against a takeover by Elon Musk and the company should never have gone public

Twitter owner Elon Musk and the platform’s cofounder Jack Dorsey.Jim Watson/AFP via Getty Images Jack Dorsey said Twitter was defenseless against Elon Musk’s acquisition, per a data scientist. Emily Gorcenski said she exchanged messages with Twitter cofounder about Musk’s involvement. Dorsey said Twitter “should have never gone public” and that anyone could buy it, per Gorcenski. Jack Dorsey said Twitter had no defenses against Elon Musk acquiring the company in October, according to a data… Source link

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Elon Musk’s team seeks new investors for Twitter

Elon Musk’s team seeks new investors for Twitter

(Reuters) – The managing director of Elon Musk’s family office is seeking new equity investors for Twitter, news platform Semafor reported on Friday, citing two people familiar with the fundraising effort. Musk’s money manager, Jared Birchall, reached out to potential investors this week, offering shares of Twitter at the same price, $54.20, that Musk paid to take the company private in October, according to the report. Twitter and Musk did not immediately respond to Reuters requests for… Source link

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Elon Musk expects Neuralink’s brain chip to begin human trials in 6 months

Elon Musk expects Neuralink’s brain chip to begin human trials in 6 months

By Rachael Levy (Reuters) – Elon Musk said on Wednesday he expects a wireless brain chip developed by his company Neuralink to begin human clinical trials in six months, after the company missed earlier timelines set by him. The company is developing brain chip interfaces that it says could enable disabled patients to move and communicate again, with Musk adding on Wednesday that it will also target restoring vision. Based in the San Francisco Bay Area and Austin, Texas, Neuralink has in recent… Source link

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Elon Musk goes to war with Apple over App Store fees, moderation

Elon Musk goes to war with Apple over App Store fees, moderation

Elon Musk is going to war with Apple (AAPL). The Tesla (TSLA) CEO and new head of Twitter took to his social media platform on Monday to call out the iPhone maker for pulling back on advertising on the site and called out Apple for its 30% App Store fees. In a series of tweets, Musk accused Apple of suppressing speech by requiring apps in its store to abide by certain content standards and questioned whether or not the company hates free speech in America. In one tweet, Musk specifically… Source link

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Elon Musk will need help at Twitter, leadership expert says

Elon Musk will need help at Twitter, leadership expert says

Elon Musk will need more trusted recruits if he wants to successfully reinvent Twitter, according to one former top CEO. Elon “needs a team around him,” Bill George, former Medtronic CEO turned leadership expert, said on Yahoo Finance Live (video above). “He’s not starting something new. This is an ongoing enterprise. Millions of people are posting every minute on that site. So I think he’s got a tiger by the tail. He’s a brilliant guy, but I think he’s going to need help. And I would like to… Source link

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