Tag Archives: Musk

(Bloomberg) — Tesla Inc. chief executive officer Elon Musk told a judge he shouldn’t be prohibited from talking about his fight with the U.S. Securities and Exchange Commission, as shareholders suing him have requested. Most Read from Bloomberg It’s the latest volley in a lawsuit by shareholders alleging that Musk’s 2018 tweet about taking the company private manipulated its stock price and defrauded them. Last week, the investors won a key ruling in the run-up to a San Francisco fraud… Source link

Private equity could be prepared to offer much more to help snag Twitter away from the outstretched hands of billionaire Elon Musk. A source familiar with the matter tells Yahoo Finance that Apollo Global Management (the parent company of Yahoo Finance) is weighing options to provide financing to potential suitors for a deal to take Twitter private. The private equity powerhouse isn’t planning to buy Twitter outright, the source says. “When you talk about private equity, we think $60 to $65 in… Source link

Twitter Inc. TWTR, +7.48% is expected to turn down Tesla Inc. TSLA, +1.96% Chief Executive Elon Musk’s offer for the social-networking company, and private-equity powerhouse Apollo Global Management Inc. APO, -1.27% is considering whether to join in a bid, according to a Monday afternoon report. The Wall Street Journal reported after U.S. markets closed that leaders of Apollo, which owns the remnants of… Source link

Twitter’s board (TWTR) is doing a terrible job handling the Elon Musk situation, said former SEC chairman Harvey Pitt. “I would give Twitter’s board an F,” Pitt said on Yahoo Finance Live. “I believe under the circumstances, they needed to check out whether this was a real bid. If it were a real bid, then they needed to do what was in the best interest of their shareholders. This is a price that hadn’t been seen in quite some time. The number is at least a legitimate frame of reference and… Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Monday, April 18, 2022 Today’s newsletter is by Brian Sozzi, an editor-at-large and anchor at Yahoo Finance. Follow Sozzi on Twitter @BrianSozzi and on LinkedIn. Excuse me while I take a brief trip down memory lane before I drop the hammer on the topic du jour — Elon Musk’s battle for Twitter. Prior to my time at Yahoo Finance when I was leading… Source link

Elon Musk said in a video interview that he doesn’t own a home and is “staying at friends’ places.” The world’s richest man also doesn’t own yachts or take vacations, but has a plane to save time. Musk was responding to a comment about how many people criticize billionaires for their wealth. The world’s richest man said that he doesn’t own a home and crashes on friends’ couches. “I don’t even own a place right now, I’m literally staying at friends’ places,” Elon Musk said in a video interview… Source link

Elon Musk says he is a free-speech absolutist.Jae C. Hong/AP Elon Musk, who has a 9.2% stake in Twitter, is no longer its largest shareholder. Vanguard Group said its funds now own a 10.3% stake, according to a recent SEC filing. Musk said on Thursday he’s “not sure” if his $43 billion takeover bid for Twitter will be successful. Elon Musk has lost his position as Twitter’s largest shareholder as he attempts to buy the company in a $43 billion deal. The Tesla and SpaceX boss said in early April… Source link

Elon Musk is sort of becoming like billionaire activist investor Carl Icahn. The Tesla CEO, who has a 9.2% stake in Twitter, offered to buy the social media platform for $54.20 a share on Thursday. Here is what Musk wrote in a letter to Twitter Chairman Bret Taylor, as disclosed in a new SEC filing. “I invested in Twitter as I believe in its potential to be the platform for free speech around the globe, and I believe free speech is a societal imperative for a functioning democracy. However,… Source link

The following appeared in the “Reno Evening Gazette,” Jan. 4, 1964. “When Dean [Martin], Frank [Sinatra] and their buddy Sammy Davis Jr. appeared at the Las Vegas Sands’ 11th anniversary, Dean bowed to Frank and said: “It’s your world, Frank; I just live in it.” Today’s version: It’s your world, Elon; I just live in it. Elon Musk has been compared to everyone from Steve Jobs to Howard Hughes to Thomas Edison and of course Tony Stark, but Sinatra fits too. Old Blue Eyes may have been “king… Source link

Tesla will finally start selling the Cybertruck next year, Elon Musk has announced at the opening party for the company’s Giga Texas factory. During his presentation on stage, Musk showed off the production Cybertruck vehicle, which still looks like the previous versions, except its doors no longer have handles. The car will be able to tell that you’re there and will know that it’s supposed to open the doors. He also apologized for the delay on releasing the Cybertruck that was first Source link