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 · Jan 23, 2023

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 · Jan 23, 2023

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

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 · Jan 23, 2023

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 · Jan 22, 2023

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 · Jan 21, 2023

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 · Jan 21, 2023

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 · Jan 21, 2023

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 · Jan 21, 2023

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 · Jan 21, 2023

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 · Jan 21, 2023