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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 […]
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San Francisco: Electric car-maker Tesla has been sued by former employees who were sacked in the ongoing mass layoff at the company, accusing it of violating federal law in the US. John Lynch and Daxton Hartsfield, who worked at Tesla’s Gigafactory in Nevada state, said in the lawsuit that they were among “more than 500” […]
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New Delhi: As all the leading cryptocurrencies get hammered, Tesla CEO Elon Musk has said he will keep supporting and buying Dogecoin, a cryptocurrency he has been vouching about for years. Amid the ‘crypto winter’, Dogecoin digital currency has tumbled from its high of nearly $0.74 to just over $0.05 in recent days. In a […]
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San Francisco: Twitter employees are sceptical about their future after Elon Musk addressed them this week, saying they are doing their best to stay focused on work. The future of Twitter hangs in the balance and employees’ reaction after the virtual meeting with Musk was “mostly negative,” reports The Verge. Musk told Twitter employees that […]
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San Francisco: As millions of investors lose their hard-earned money in the global crypto meltdown, an American Dogecoin cryptocurrency investor has sued Elon Musk, Tesla and SpaceX for $258 billion for allegedly operating an illegal racketeering enterprise to inflate the price of Dogecoin. Called ;Dogefather’, Musk has long been a vocal proponent of Dogecoin and tweeted […]
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San Francisco: SpaceX employees have slammed their CEO Elon Musk’s behaviour in the public sphere that is a “frequent source of distraction and embarrassment” for them. In an open letter addressed to company executives, the employees called out Musk’s behaviour on Twitter, regarding allegations of sexual harassment against him by a female company employee last […]
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San Francisco: Tech billionaire Elon Musk has told Twitter employees that the platform “needs to get healthy” financially and bring down costs, suggesting that job cuts are likely in store if his deal to buy the social media service goes through. When asked about the possibility of layoffs during an internal Q&A, Musk said “Right now […]
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San Francisco: Tesla CEO Elon Musk is set to speak to Twitter employees for the first time this week in a bid to allay their fears and put his vision across to them. Musk will address Twitter employees via a virtual meeting on Thursday, reports Insider, and will take questions from them over his $44 […]
