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The Latest Breaking News from Elon Musk

How Asia's ex-richest man lost nearly $50 billion in just over a week

Indian businessman Gautam Adani was a few billion dollars shy of Elon Musk. But he tumbled down the billionaires' list after a U.S. firm accused the Adani Group of pulling off an epic con.

WEKU

Commentary: Falling electric car prices don’t help low-income Americans. And that’s a big problem

Grab the popcorn and settle in: The great electric vehicle price war is here. Weeks after Tesla slashed prices across its U.S. lineup, Ford is set to follow suit.

Chicago Tribune

Tesla slashed its prices across the board. We're now starting to see the consequences

Tesla's recent price cuts continue to reverberate, forcing Ford to follow suit while leaving Tesla owners feeling aggrieved. Here's how the move by the market leader has shaken the car industry.

WEKU

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Who is Andrew Tate? All you need to know about the influencer charged with rape and human trafficking

Tate was arrested by Romanian authorities on 29 December 2022 and formally charged on 20 June

The Independent UK

The White House just came around to Elon Musk's point about Apple's 'secret 30% tax on everything.'

Tech CEOs, like Mark Zuckerberg and Elon Musk, have long grumbled about the 30% cut developers pay to Apple and Google.

Fortune

South Australian council forced to dispel ‘bizarre’ claims of Elon Musk using mind-control chips

Spread of ‘rightwing conspiracies’ about Salisbury’s smart infrastructure scheme prompts councillors to pass extraordinary motion

The Guardian - AU

Elon Musk admits ‘something is wrong’ as right-wing accounts press him on Twitter engagement

Billionaire locked his own acount after complaints from Ian Miles Cheong and ‘Libs of TikTok’

The Independent UK

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Ex-aide says Elon Musk had 'handshake deal' for Tesla buyout

Elon Musk’s former chief of staff has testified that the billionaire believed he had a “handshake deal” to take Tesla private in 2018

The Independent UK

Updated permit required to legalize bedrooms at Twitter HQ

San Francisco building inspectors have given Twitter’s construction contractor two weeks to submit a corrected building use permit to keep converted bedrooms at headquarters

The Independent UK

A battle may be shaping up between the two richest men in the world over who controls the luxury electric car market

The English sports car brand Lotus plans to float its shares on the Nasdaq stock market in the latter half of this year through a reverse merger with a SPAC firm backed by Bernard Arnault.

Fortune

Tesla's Price Reductions Making Major Impact On Rivals In China

As we noted, Tesla's price cuts are seemingly impacting the entire global auto industry, and the move could work to help consumers more easily afford EVs.

InsideEVs

The future must use less energy and have more of the things that really matter

We need to reduce our energy consumption and embrace 'degrowth’, in which we redesign the economy to put human and environmental wellbeing at its centre, writes Dr Catherine Knight

Newsroom.co.nz

A power crisis in Elon Musk’s birthplace of South Africa in killing its switch to EVs

The auto industry is demanding government action.

Fortune

EU official pushes Musk for Twitter's progress on new rules

A top European Union official has told Elon Musk that Twitter needs to make progress in preparing for new digital regulations aimed at curbing hate speech, misinformation and other harmful content

The Independent UK

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Fortune

CEO longevity pays off for JPMorgan Chase’s Jamie Dimon and other chiefs of World’s Most Admired Companies

CEO tenure at companies on this list is significantly longer than the Fortune 500 average. Experts say more-experienced CEOs make decisions more efficiently and can build better cultures.

Daily Mirror

Bird charity banned from Twitter for repeatedly posting woodcock photos

Be careful what you tweet, even if you're a bird charity tweeting about birds - The British Trust for Ornithology ran into problems as their tweets about woodcocks left them locked out of Twitter

Ballotpedia

One elected official remains suspended from a major social media or online platform

At least seven elected officials were suspended and/or banned from either Facebook, Twitter, or YouTube while in office from May 10, 2021, through January 31, 2023. YouTube’s indefinite suspension of former President Donald Trump (R) is the only suspension that remains in place.

The Independent UK

Elon Musk's Tesla tweet trial delves into investor damages

An Elon Musk tweet declaring he had the financing to take Tesla private in 2018 caused billions of dollars in investor damages after the deal collapsed

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Tribune News Service

Tesla investors lost $12 billion after Musk tweet, jury is told

Tesla Inc. investors lost $12 billion over 10 days after Elon Musk famously tweeted in 2018 that he had “funding secured” to take the company private, a witness testified at a trial over the CEO’s liability.

InsideEVs

Tesla Added 29,000 Jobs In 2022 Amid Mass Layoffs In Tech Sector

Tesla ended 2022 with a full-time headcount of 127,855 employees globally, compared to 99,290 at the end of 2021.

Ballotpedia

States sue Biden administration over ESG in retirement plans

As the new Republican House majority prepares to push back against ESG investing, some House Democrats have launched their own ESG-related caucus to counter Republicans’ efforts:

The Guardian - UK

Chinese owner of Lotus Technology to list a stake in US via blank cheque firm

EV maker and R&D arm of car group owned by Geely planning to join Nasdaq in deal with Spac backed by Bernard Arnault

Fortune

The EV wars are here and it's 'now or never' for major players like Ford and GM to gain ground against Tesla, according to Wedbush analyst Dan Ives

“There is a window of opportunity to gain share...and 2023 is a pivotal year that will establish the winners and losers in this EV landscape,” Wedbush tech analyst Dan Ives says amid the industry's price cuts.

Fortune

The professor who wrote the book on digital surveillance says that Elon Musk's Twitter takeover means our political stability, health and sanity come down to one man: 'I regard this as fundamentally intolerable'

Shoshana Zuboff calls Musk and Zuckerberg "information oligarchs" and thinks decision-making power lying with a few top-ranked executives can threaten democracy.

Axios

The space industry is attracting new business

The space economy has grown a lot in the last 10 years.

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