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New Delhi: Tesla has sold 75 per cent of its Bitcoins, adding $936 million in cash to its balance sheet in the second quarter (Q2) this year, as it deals with economic meltdown amid cryptocurrencies falling off the cliff. Last year, Tesla made a $1.5 billion investment in Bitcoin and announced that it would accept […]
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San Francisco: In an early win for microblogging site Twitter, a US court has ordered that the platform’s lawsuit against tech billionaire Elon Musk — for trying to back out of his $44 billion buyout of the firm — will be heard in October. According to The Verge, during oral arguments before a Delaware judge Chancellor […]
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San Francisco: Tech billionaire Elon Musk has reportedly texted microblogging platform Twitter’s CEO Parag Agarwal Ned Segal before pulling out of the $44 billion acquisition deal. Musk texted the Twitter executives that the company’s lawyers were trying to “cause trouble” after they requested information about the status of Musk’s financing for a deal to buy Twitter, […]
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San Francisco: Tesla CEO Elon Musk’s legal team has reportedly asked the court to push back the Twitter trial by early 2023, saying that the case requires “forensic review and analysis” of a deep pool of data. While terminating his $44 billion Twitter takeover deal, Musk argued that the Parag Agrawal-headed micro-blogging platform is hiding […]
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San Francisco: Tech billionaire Elon Musk’s father, Errol Musk, has claimed he’s had a second unplanned child with his 35-year-old stepdaughter, Jana Bezuidenhout. In an interview with The Sun, Errol, 76, told he welcomed a daughter with 35-year-old Bezuidenhout three years ago. It emerged in 2018 that Errol had baby Elliot Rush, nicknamed Rushi and […]
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Washington: Tesla CEO Elon Musk was quick enough to react to a lawsuit filed against him by Twitter for breaching the USD 44 billion contract. Oh the irony lol — Elon Musk (@elonmusk) July 12, 2022 Minutes after news surfaced online that Twitter has sued him, Musk took to the microblogging site and just simply […]
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Hyderabad: He began wooing the blue bird with a purchase of about 74 million shares. And then, in just three months, Elon Musk’s courtship with Twitter appears to be heading towards a sour end. So, what is making Musk look the other way? One of the reasons the Tesla boss is backing out, according to […]
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Washington: Twitter is contemplating legal action against Tesla and SpaceX CEO Elon Musk over his decision to terminate a USD 44 billion takeover deal. As per The Hill, the microblogging site has hired a large New York-based law firm Wachtell, Lipton, Rosen & Katz LLP as it prepares to sue Musk. Twitter will file its […]
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New Delhi: Tesla CEO Elon Musk, who has cancelled the $44 billion Twitter buyout deal, will have to pay $1 billion in termination fee to the micro-blogging platform. As per an earlier filing with the US Securities and Exchange Commission (SEC), “Musk will be required to pay Twitter a termination fee of $1 billion”, if […]
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San Francisco: Micro-blogging platform Twitter on Saturday announced it was going to sue Tesla CEO Elon Musk for terminating the $44 billion takeover deal. In a surprising move, Musk’s legal team said in a US Securities and Exchange (SEC) filing that he is terminating the deal because Twitter was in “material breach” of their agreement and […]
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San Francisco: Tech billionaire Elon Musk is officially trying to pull out of his $44 billion agreement to purchase microblogging site Twitter. In a filing on Friday afternoon with the US Securities and Exchange Commission (SEC), Musk’s team claimed he is terminating the deal because Twitter was in “material breach” of their agreement and had made […]
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San Francisco: Tech billionaire Elon Musk’s offer to buy the microblogging platform Twitter for $44 billion is in serious trouble, media reports say. According to The Washington Post, Musk’s deal to buy the platform is “in peril” — based on three anonymous sources who told the paper that the billionaire’s camp has “stopped engaging in certain […]
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San Francisco: Tech billionaire Elon Musk has shown his support for large families a day after court documents revealed the tech billionaire had twins with a senior executive at one of his companies. On the microblogging platform Twitter, Musk also wrote that the “population of Mars is still zero people”. “Doing my best to help the […]
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Washington: Tesla owner Elon Musk, who shares two children with Canadian singer Grimes and another five children with his ex-wife, the Canadian author Justine Wilson, has reportedly fathered twins in November 2021 with one of his executives named Shivon Zilis. In April 2022, Musk and Zilis filed a petition to change the name of the […]
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San Francisco: Electric vehicle company Tesla has confirmed that its vehicles can now scan for rough roads, like potholes, to help avoid them damaging the vehicles by adjusting the suspension. In a new 2022.20 software update, the automaker wrote about a new feature of the “Tesla Adaptive Suspension” system, reports the auto-tech website Electrek. “Tesla […]
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San Francisco: Elon Musk-run Tesla has been hit by another gender discrimination lawsuit after dozens of current and former employees alleged the electric car giant operates under a ‘pre-Civil Rights’ atmosphere of racial discrimination as a standard operating practice. The mass-action lawsuit, filed in Alameda Superior Court in California in the US, alleged the plaintiffs […]
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San Francisco: Despite several supply chain challenges and factory shutdowns, Elon Musk-owned electric vehicle company Tesla has delivered 2,54,695 EVs globally in the second quarter of 2022. The company also said that June 2022 was the highest vehicle production month in Tesla’s history. “In the second quarter, we produced over 2,58,000 vehicles and delivered over 2,54,000 […]
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New Delhi: It has been nine days since Tesla and SpaceX CEO Elon Musk took digital detox from Twitter — a longest stretch without posting anything in nearly five years — leaving his more than 100 million followers and the media speculating a lot. His silence comes in the middle of the controversial $44 billion […]
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San Francisco: Elon Musk-owned Tesla has reportedly shown exit door to approximately 200 workers from its Autopilot team and closed an office in California, media report says. According to Bloomberg, the majority of those who were let go were hourly workers, said the people, who asked not to be identified as discussing private information. As […]
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San Francisco: After Tesla CEO Elon Musk ordered its remote employees to return to the office, several workers have reported about lack of seats and crappy Wi-Fi, which indicated that the company was ill-prepared to welcome back its staffers, media reports say. Employees who arrived at Tesla’s Fremont, California facility reportedly did not even have […]
