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The Latest Breaking News from Elon Musk

Elon Musk testifies in 2nd day of Tesla tweet trial

Elon Musk returned to federal court Monday in San Francisco to testify in a class action lawsuit filed by Tesla investors alleging he misled them with a tweet

The Independent UK

Elon Musk cites Saudi wealth fund at second day of Tesla trial

Elon Musk testified that Saudi Arabia’s sovereign wealth fund “unequivocally” wanted to take Tesla Inc. private in 2018, a core element of his defense to claims that his tweets about the take-private plan misled shareholders.

Tribune News Service

Musk says saudis unequivocally wanted to take Tesla private

Elon Musk told a jury that his 2018 tweet announcing a proposal to take Tesla Inc. private included the possibility of using his holdings in SpaceX to help finance the transaction, along with a multibillion-dollar commitment by Saudi Arabia’s sovereign wealth fund.

Tribune News Service

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Musk says Tesla go-private plan counted on SpaceX, Saudi money

Tribune News Service

Truth Social looks deader than ever. Why Donald Trump’s cult of personality couldn’t survive Silicon Valley

The ex-president’s social media platform is on its last legs, proving that celebrity can’t overcome a lack of innovation.

Fortune

Twitter to launch ad-free subscription tier, Elon Musk says

Tesla boss hopes for rise in revenue after advertising downturn in wake of takeover

The Guardian - UK

Everything you need to know about conducting layoffs responsibly

Job cuts are hitting employees at Meta, Amazon, and Google. Here's how to properly conduct a lay off.

Fortune

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Is Elon Musk’s Twitter in too much trouble to cover its debts?

Social media platform faces $300m interest payment this week, and default could trigger debt restructuring – or bankruptcy

The Guardian - UK

Back to the future: how Mastodon is restoring the lost art of online conversation

The new social network with its interconnected ‘fediverse’ is a welcome alternative to blustering rival Twitter and Elon Musk

The Guardian - UK

In the Elon Musk trial, fraud isn't just about false statements

A jury is being asked to decide Musk's state of mind when he tweeted "funding secured."

Axios

Your boss might be hoping you quit because it’s easier and cheaper than firing you

Federal Reserve officials explained in January’s "Beige Book" that many companies are planning to "reduce headcount through attrition," instead of opting for layoffs to save costs.

Fortune

Elon Musk Takes Stand in Tesla Tweet Fraud Trial

Tesla CEO Elon Musk took the stand in a California fraud trial on Friday, accused of lying in tweets about taking the auto company private, punishing investors. Musk was called to testify by lawyers for angry investors who accuse him of costing them millions of dollars in 2018 with untrue…

Asharq Al-Awsat

Elon Musk takes the witness stand to defend his Tesla buyout tweets

Two tweets in 2018 led to a class-action lawsuit alleging Musk misled investors, pulling him into court for about a half hour to deliver sworn testimony in front of a nine-person jury.

WEKU

Elon Musk's defense of his erratic tweets: They're truthful, just not 'comprehensive'

When Elon Musk posts on Twitter about Tesla, he must follow the same federal regulations that apply to corporate disclosure, the mega-billionaire acknowledged in court testimony on Friday.

Los Angeles Times

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Tribune News Service

Elon Musk plays down impact of his tweets at Tesla fraud trial

Tesla Inc. CEO Elon Musk played down how much impact his tweets have on the company’s stock price as he defended himself at a trial over his 2018 tweet about taking the electric car-maker private.

The Independent UK

Elon Musk takes witness stand to defend Tesla buyout tweets

Elon Musk has been summoned to court to defend a 2018 tweet claiming he had lined up the financing to take Tesla private in a deal that never came close to happening

The Guardian - US

Musk tells Tesla trial: ‘Just because I tweet doesn’t mean people believe it’

The carmaker co-founder said Twitter was the most democratic way to communicate but tweets didn’t affect stock as he expected

InsideEVs

Elon Musk Says Peak Oil Demand Will Be Reached Within 5 Years

The Tesla and SpaceX founder might actually be right, but the world is still expected to be using a lot of oil even by the middle of the century.

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Fortune

Ignored by Wall Street, Tesla’s Megapack is causing some bulls to see dollar signs

Tesla's energy storage hasn't garnered a lot of attention, but some believe this is about to change thanks to two new developments that fundamentally change the picture.

Daily Mirror

Do you have 'short sleeper syndrome'? Truth behind '4 hours a night' claims from celebs

Most adults need seven to nine hours sleep per night, however some well-known people claim to need far less including Elon Musk, Barak Obama and famously Margaret Thatcher

Los Angeles Times

Michael Hiltzik: Robot taxis? Hyperloops? A top technologist wages war on tech's hype machine

Rodney Brooks knows the difference between real technological progress and baseless hype.

Daily Mirror

UFO hunter claims 'aliens will land on Earth in 2023' after visiting Big Ben

A UFO hunter has claimed 'aliens will land on Earth in 2023' after spacecrafts were spotted above iconic landmarks including the Eiffel Tower in Paris and Big Ben in London

InsideEVs

Report: Tesla "Uses Its Profits As A Weapon"

The recent electric car price reduction applied by Tesla around the world continues to be a hot topic, as it might significantly affect other manufacturers.

Fortune

Tesla, JPMorgan, and Meta are among companies that face ‘key-person’ risk

Boards have to be wary of “key-person risk.” Here’s what top directors can do to break up a codependent relationship between a company and a star executive.

Fortune

This Chinese billionaire has lost $39 billion from his personal fortune

The real estate mogul has also been removed from high profile political networks.

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