Elon Musk sells $7B in Tesla shares ahead of court battle with Twitter
Elon Musk has sold nearly $7 billion worth of shares in Tesla as the billionaire gets his finances in order ahead of his court battle with Twitter.
Watch CBS News
Elon Musk has sold nearly $7 billion worth of shares in Tesla as the billionaire gets his finances in order ahead of his court battle with Twitter.
Elon Musk said Saturday his planned $44 billion takeover of Twitter should move forward if the company can confirm some details about how it measures whether user accounts are 'spam bots' or real people.
Elon Musk accused Twitter of fraud in a countersuit over his aborted $44 billion deal for the social media company, which he claimed held back necessary information and misled his team about the true size of its user base.
Twitter denied in a court filing that it had deprived its would-be acquirer, billionaire and Tesla CEO Elon Musk, of necessary information or misrepresented details about its business.
Elon Musk's answer to Twitter's lawsuit over his attempt to back out of a $44 billion deal to buy the social media company will be made public by Friday evening at the latest, a judge ruled Wednesday.
Elon Musk's wealthy high tech allies don't seem too happy about receiving subpoenas from Twitter as part of the company's legal battle with the Tesla CEO.
Billionaire Elon Musk said Tuesday he intends to reverse Twitter's ban against former President Donald Trump. CBS News' Tanya Rivero and Dan Patterson break down this announcement with CBS News tech reporter Dan Patterson.
Fight with Musk taking a toll, but social media company sees nearly 17% gain in users from the previous year.
Tesla's second-quarter profit fell 32% from record levels in the first quarter as supply chain issues and pandemic lockdowns in China slowed production of its electric vehicles.
Anne Makovec reports on Elon Musk losing his fight to delay Twitter’s lawsuit against him over abandoning plan to buy out the social media giant (7-19-2022)
On Tuesday, Elon Musk lost a fight to delay Twitter's lawsuit against him as a Delaware judge scheduled a trial for October, citing the "cloud of uncertainty" over the social media company after the billionaire backed out of a deal to buy it.
Tesla CEO Elon Musk fired back Friday at Twitter's lawsuit seeking to force him to complete his $44 billion acquisition of the platform, according to multiple news reports.
Interview with USA Today tech life columnist Jennifer Jolly.
After billionaire Elon Musk said that he was abandoning his $44 billion buyout, Twitter vowed to pursue him in court.
Sara Donchy reports on fallout after Elon Musk announces he will not complete deal to purchase SF-based Twitter (7-9-2022)
Twitter promised it would sue Tesla CEO Elon Musk to uphold the deal after he announced Friday he would abandon his tumultuous $44 billion offer to buy the San Francisco-based company.
Elon Musk announced Friday that he will abandon his tumultuous $44 billion offer to buy Twitter. Anne Makovec reports. (7-8-22)
Twitter is laying off a portion of its recruiting team after previously saying it would pause most hiring.
The twins, born to Musk and Neuralink executive Shivon Zilis, were born shortly before Musk's second child with musician Grimes.
Twitter said it removes 1 million spam accounts each day in a call with executives Thursday during a briefing that aimed to shed more light on the company's fake and bot accounts as it tussles with Elon Musk over "spam bots."
A Black former Tesla worker who said he was harassed and faced with "daily racist epithets," including the "N-word," while working at the company's Fremont plant has rejected a substantially reduced award of $15 million in his lawsuit.
If the deal, which shareholders need to vote on, were to close now, investors would pocket a profit of $15.22 per share.
In an unusual move for what's been an unusual takeover bid by the world's richest man for Twitter, Tesla CEO Elon Musk will address the social platform's employees Thursday.
New data out Wednesday shows there were almost 400 crashes in the past year involving cars with auto-pilot engaged and 70% of those involved Teslas. Katie Nielsen reports. (6/15/22)
Elon Musk will address Twitter employees Thursday for the first time since the billionaire and Tesla CEO offered $44 billion to buy the social media platform, the company said Tuesday.
A driver heading westbound on Highway 580 in Livermore died in a solo-vehicle crash on Tuesday, the CHP said.
The county says once funding is completed, construction could begin as soon as this fall, with completion sometime in 2028.
Hard work done in the dark is about to bring the famed Bay Lights back to the Bay Bridge.
Alameda police said officers arrested a person suspected of causing a hazmat incident at an apartment complex and injuring at least two people on Monday.
A recent report from the American Library Association found that every dollar spent on prison education programs yields about five dollars in savings on future incarceration costs over three years.
A driver heading westbound on Highway 580 in Livermore died in a solo-vehicle crash on Tuesday, the CHP said.
The county says once funding is completed, construction could begin as soon as this fall, with completion sometime in 2028.
Hard work done in the dark is about to bring the famed Bay Lights back to the Bay Bridge.
Alameda police said officers arrested a person suspected of causing a hazmat incident at an apartment complex and injuring at least two people on Monday.
A recent report from the American Library Association found that every dollar spent on prison education programs yields about five dollars in savings on future incarceration costs over three years.
Hard work done in the dark is about to bring the famed Bay Lights back to the Bay Bridge.
A recent report from the American Library Association found that every dollar spent on prison education programs yields about five dollars in savings on future incarceration costs over three years.
San Francisco police said officers arrested a suspect after witnessing an attack that left a woman seriously injured on Monday morning near 7th and Market streets.
Authorities are searching for the rider of an electric scooter after a woman was injured in a hit-and-run in San Francisco Monday evening.
The California Highway Patrol announced that more than a dozen vehicles have been seized in connection with a sideshow that took place on the Bay Bridge over the Christmas holiday.
A driver heading westbound on Highway 580 in Livermore died in a solo-vehicle crash on Tuesday, the CHP said.
Alameda police said officers arrested a person suspected of causing a hazmat incident at an apartment complex and injuring at least two people on Monday.
Alameda police were preparing to handle possible unruly crowds at Crown Memorial Beach on St. Patrick's Day after disturbances followed a planned "beach takeover" over the weekend.
On Dec. 29, police launched a homicide investigation into the shooting death of 36-year-old Clarence Hughes Jr., of Richmond. Investigators were able to eventually track down five suspects using the city's surveillance network, police said.
The Cal State East Bay Pioneers will play to keep their perfect season alive in Pittsburgh on March 25.
A minor earthquake struck southern Santa Clara County early Tuesday morning, officials said.
The Santa Clara County District Attorney's Office said the three suspects turned themselves in after police obtained arrest warrants for them, and that they face felony and misdemeanor assault charges.
A man who was visiting San Jose from the Seattle, Washington area for the Super Bowl has been arrested in connection with a shooting that injured several people following the game, police announced Monday.
A Tesla struck and killed a bicyclist over the weekend in San Jose, and the suspected driver fled but was later located with the help of automated license plate reader cameras, police said.
For the first time in 30 years, Santa Clara University is heading back to the NCAA Division I men's basketball tournament.
The county says once funding is completed, construction could begin as soon as this fall, with completion sometime in 2028.
Marcus Ziemer, part of a Bay Area soccer coaching dynasty and longtime Sonoma State University men's soccer team head coach, died in Germany after a weekend accident.
In downtown Santa Rosa, shady spots with a place to sit and rest were commodities. But it was a quiet day for many businesses.
The driver of a vehicle that entered the water near the Sausalito Yacht Harbor was pronounced dead after being taken to the hospital.
A homeless woman in Marin County has been arrested on suspicion of murder after a deadly stabbing at an encampment over the weekend, police said.
Marcus Ziemer, part of a Bay Area soccer coaching dynasty and longtime Sonoma State University men's soccer team head coach, died in Germany after a weekend accident.
The U.S. men's national soccer team is expected to debut the new uniforms later this month in Atlanta, ahead of the 2026 FIFA World Cup starting in June.
The top 16 seeds in the 68-team women's NCAA field will host first- and second-round games, with the regional rounds being played at two neutral sites for the fourth straight year.
The Knicks rallied from a 21-point deficit against a patchwork Golden State lineup to beat the Warriors 110-107 on Sunday night.
For the first time in 30 years, Santa Clara University is heading back to the NCAA Division I men's basketball tournament.
Alameda police said officers arrested a person suspected of causing a hazmat incident at an apartment complex and injuring at least two people on Monday.
San Francisco police said officers arrested a suspect after witnessing an attack that left a woman seriously injured on Monday morning near 7th and Market streets.
Authorities are searching for the rider of an electric scooter after a woman was injured in a hit-and-run in San Francisco Monday evening.
The California Highway Patrol announced that more than a dozen vehicles have been seized in connection with a sideshow that took place on the Bay Bridge over the Christmas holiday.
On Dec. 29, police launched a homicide investigation into the shooting death of 36-year-old Clarence Hughes Jr., of Richmond. Investigators were able to eventually track down five suspects using the city's surveillance network, police said.
A Bay Area gender gap in the tech industry threatens the full participation of women in the future of artificial intelligence.
Across San Jose, nearly 474 automated license plate reader cameras scan passing vehicles every day, capturing plate numbers, vehicle descriptions, and location.
The Oakley City Council on Tuesday voted to approve a controversial industrial development near the shoreline following a public meeting where residents on both sides of the issue voiced their concerns.
Artificial intelligence can give some workers "brain fry" if overused, according to a new study published in Harvard Business Review.
The Valley Christian High School team, called Wildfire Quest, in San Jose, is a finalist in the $11 million global XPRIZE Foundation Wildfire competition, competing against the top AI and defense innovators.
The early-season heat wave gripping the Bay Area also means the allergy season is already kicking into high gear.
He advises people to lie down, extend their arms, and hold the phones above their heads, or people should hold their phone at eye level, rather than looking down.
Food containing norovirus may smell and taste normal but still cause serious illness if consumed, FDA warns.
The city said there was no evidence of community-spread or of an outbreak, and that the health advisory was issued to give health care providers guidance.
Tests of dozens of baby formulas by Consumer Reports found that nearly half contained potentially dangerous chemicals.
The subpoena issued by GOP Rep. James Comer of Kentucky requires Bondi to appear for a deposition on April 14.
President Trump's director of the National Counterterrorism Center, Joe Kent, announced his immediate resignation Tuesday, citing the administration's decision to intervene in Iran.
The U.S. Small Business Administration said owners applying for any SBA loan program must be U.S. citizens or U.S. nationals with their principal residence in the United States.
The Cuban government is planning to allow Cuban nationals who live abroad to invest in the island, a government official told NBC News, as the country faces economic collapse and pressure from the Trump administration.
In an exclusive interview with CBS News Saturday, Federal Communications Chair Brendan Carr doubled down on his warning that broadcast licenses could be revoked amid President Trump's criticisms of media coverage of the war in Iran.
A man has been arrested and accused of a hate crime after a San Francisco church was vandalized over the weekend, police said.
A Yosemite park ranger was fired last year after helping to display a transgender pride flag from El Capitan.
After more than two years of renovations, the historic Castro Theatre is back open for business.
A large Pride flag has been removed from the Stonewall National Monument in Greenwich Village. The National Park Service said it did so under guidance from the federal government.
The billionaire and philanthropist MacKenzie Scott donated $45 million to The Trevor Project, a nonprofit focused on suicide prevention and advocacy for LGBTQ young people.
The film follows CBS News correspondent Steve Hartman and photographer Lou Bopp through their seven-year journey to document the toll of America's school shooting epidemic.
"One Battle After Another" took home several big awards, including Best Picture, Best Director and the newly created Best Casting.
Festival founder Halfdan Hussey is celebrating more than three decades of Cinequest with a new home for the festival in Mountain View.
Hollywood's biggest stars were honored at the 98th annual Academy Awards on Sunday. Here is what to know and how to watch the 2026 Oscars.
A Bay Area filmmaker with a personal life-and-death story to tell is among the artists featured at the 35th annual Cinequest Film & Creativity Festival.
Ever since the COVID-19 pandemic, the Oakland Unified School District has seen an alarming spike in the number of unhoused students in the school system who deal with a host of challenges far beyond what most children face.
Meteorologist and CBS News Bay Area's resident pilot Lt. Jessica Burch got a treat during Fleet Week, taking to the skies with one of the Blue Angels.
A Bay Area man discovered his devastating loss left him with a new opportunity to rethink how he lives -- follow his journey in virtual reality, 360-degree video.
A groundbreaking medical study involving the UCSF Medical Center has shown some colorectal cancer patients can safely skip radiation treatment and enjoy a potentially higher quality of life.
Every day, San Francisco bar pilot Captain Zach Kellerman goes through what might just be the world's most dangerous commute.
Kevin Ko reports on St. Patrick's Day celebrations.
John Ramos reports on what the former Coast Guard site needs before it can be turned into affordable housing.
Brad Hamilton reports on the return of The Bay Lights.
Katie Nielsen reports on the immigration case for Miguel Lopez, who lived in Livermore for nearly three decades.
Kenny Choi reports on the March heat wave in San Francisco.
In 2025, KPIX is moving to a new community service award: the CBS News Bay Area Icon Award. Submit nominations for an outstanding community hero at kpix.com/icon.
It's the most wonderful time of the year for a South Bay woman who has played Mrs. Claus for more than 40 years for the children of North San Jose's Alviso District.
For residents of the Oakland Hills, the prospect of another wildfire always remains a concern. This week's Jefferson Awards winner has made it his mission to make the hills and other high-risk areas safer.
In East Palo Alto -- where state education numbers show more than nine in ten public school students are low income and more than half are English learners -- many are finding hope and connection at the Boys & Girls Clubs of the Peninsula.
This week's Jefferson Award winner is Army veteran who continues to live a life of service into his 80s, by feeding hundreds of San Francisco families a week.
A Bay Area man who overcame tremendous obstacles to excel in school has made it his mission to gear up other students for success in the classroom and in life.
For Students Rising Above scholar Josh Collins it took moving across the country to realize the value of his Bay Area family.
Samir Hooker had to grow up fast after his stepfather was shot dead 12 years ago. Now he is watching over his mom and sister while attending UC Berkeley.
It's hard enough to graduate from one of the most prestigious schools in the country when you're the first in your family to go to college. Imagine doing that while you're also trying to protect your parents from being deported?
Some students who are the first in their families to go to college face the challenge of balancing a rigorous academic load while still working to help support their family back home.