Elon Musk takes witness stand to defend Tesla buyout tweets
Musk faces a shareholder lawsuit over tweets that claimed he had "funding secured" for a deal that never happened.
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Musk faces a shareholder lawsuit over tweets that claimed he had "funding secured" for a deal that never happened.
Liar or visionary? Depends which side you ask at the trial over two August 2018 Musk tweets about taking the electric carmaker private.
Sell-off comes as Twitter owes nearly $140,000 in overdue rent on office space it occupies in San Francisco.
Elon Musk and other Tesla directors are facing a shareholder lawsuit over a 2018 tweet, in which said he was considering taking Tesla private. Investors said the tweet cost them billions. The trial in the lawsuit got underway this week. Jill Fisch, a professor of business law at the University of Pennsylvania, joined CBS News to discuss the trial.
Head of Tesla autopilot said promo was staged and didn't represent car's actual driving capabilities, Reuters reported.
Elon Musk is facing a trial Tuesday over tweets he posted in 2018. Musk posted about a potential Tesla buyout that would have taken the company private, but that never happened, and the company's stock dropped. Seth Schachner, a managing director for Strat Americas, joined Vladimir Duthiers and Anne-Marie Green to discuss what it means for Musk, Tesla and if the case could set a precedent for company executives and what they post on social media.
Investors sued after Musk suggested in 2018 that he was moving ahead with a plan to take Tesla private.
Slashed prices make some Tesla models eligible for a new federal tax credit that could help spur buyer interest.
Musk has lost about $182 billion of his net worth since November 2021, according to Forbes – but that number may be greater.
Currently, Twitter does not have an option to memorialize the accounts of deceased users.
It was the second Falcon 9 launch helping OneWeb recover from a post-Ukraine break with Russian rockets.
Nine small satellites were lost in the mishap in what was the rocket's first launch with customer payloads on board.
The California Highway Patrol is investigating what caused a Tesla to fly off a cliff on the Pacific Coast Highway and nearly land in the ocean. Remarkably, all four people survived the 250-foot drop.
Electric car maker fell short of CEO Elon Musk's to boost vehicle shipments by 50% nearly every year.
SpaceX offers low-cost rideshare missions to provide access to space for smaller satellite operators.
The 1.3 million vehicles was 10% shy of CEO Elon Musk's pledge to grow company sales by 50% nearly every year.
The lawsuit was filed against the social media platform in San Francisco State Court on Thursday.
The year's final SpaceX launch put an Israeli Earth-imaging satellite into orbit.
Electric vehicle maker's valuation on Wall Street has plunged more than $800 billion this year.
"This is a sign of demand cracks and not a good sign for Tesla heading into the December year-end," one analyst said.
It was not immediately clear if Musk was serious, and no formal announcement beyond the tweet had been made.
Elon Musk confirmed that he'll step down as Twitter CEO "as soon as I get someone foolish enough to take the job!" It's a response to his Twitter poll asking if he should resign. The Taliban have suspended university education for female students. Girls are already barred by the Taliban from attending secondary schools. And the 2023 numerals have arrived in Times Square.
Musk had promised to subject all policy changes to user polls, but now says only paid users can vote.
Musk posted the poll himself and said he'd abide by it -- but that was before the results were in: 57.5% of respondents said he should while 42.5 said he shouldn't.
SpaceX pushed reusability to new heights while launching another batch of Starlink internet satellites.