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The Latest Breaking News from Elon Musk

Filing Says Elon Musk to Borrow Less in Twitter Bid

Elon Musk notified US regulators on Wednesday that he will rely less on loans in his bid to buy Twitter, as he and partners put $33.5 billion into the deal. Twitter shares climbed more than 5 percent on the news, as the market evidently took it as a sign the…

Asharq Al-Awsat

Who is helping Elon Musk fund his $61.4 billion takeover of Twitter?

The Tesla CEO announces he's putting more of his own money into purchasing the social media giant — but he's not alone in footing the mammoth bill. Here's who else is helping fund his takeover.

ABC News

Former CEO Jack Dorsey steps down from Twitter board amid Elon Musk deal

Former Chief Executive Officer Jack Dorsey has stepped down from the Twitter board of directors. Read more on Dynamite News:

Dynamite News

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The Tech Rout Isn’t Just Cyclical—It’s Well-Earned, and Overdue

The market collapse isn’t just the inevitable result of macroeconomic forces like high interest rates and inflation. It’s also the best opportunity in more than a decade to reckon with the tech industry’s excess.

Businessweek

Elon Musk's Starlink Now Has Over 400,000 Global Users

Tesla Inc (NASDAQ: TSLA) CEO Elon Musk-owned SpaceX’s high speed, satellite-based internet service Starlink now has over 400,000 subscribers globally, CNBC

Benzinga

Twitter to pay $150M penalty over privacy of users' data

Twitter will pay a $150 million penalty and put in new safeguards to settle federal regulators’ allegations that the social platform failed to protect the privacy of users’ data over a six-year span

The Independent UK

Twitter will pay a $150 million fine over accusations it improperly sold user data

Federal regulators accuse the company of violating a 2011 agreement over the treatment of users' personal data, including phone numbers and email addresses.

WEKU

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Twitter Shares React After Elon Musk Ups His Commitment To Buy Company

Shares of Twitter Inc (NYSE: TWTR) are trading higher after-hours Wednesday after a SEC filing shows that Elon Musk is upping his commitment to b

Benzinga

Elon Musk Says 'D**k Move' On Bill Gates' Part Over Allegations Of Backing 'Dark Money Fund'

Tesla Inc (NASDAQ: TSLA) CEO Elon Musk blasted an alleged pouring of millions of dollars by Microsoft Corporation (NASDAQ: MSFT) co-founder Bill Gates into a “Dark Money” fu

Benzinga

Twitter shareholders to meet amid Elon Musk's takeover drama

Twitter’s regularly scheduled shareholder meeting Wednesday won’t include a vote on Tesla billionaire Elon Musk’s $44 billion bid for the social platform

The Independent UK

What Does The Recent String Of Tesla Price Target Cuts Suggest?

As Tesla, Inc. (NASDAQ: TSLA) stock tumbled to a 10-month low, bullish sell-side analysts who had rallied behind the company and saw it as one waiting to explode began to backtrack.

Benzinga

Elon Musk made $250K donation to artist non-profit in Amber Heard’s name, court hears

Non-profit founder Jennifer Howell testified on day 21 of the multi-million dollar defamation trial brought by Johnny Depp against Heard

The Independent UK

Morning Brief: Top Financial Stories Dominating on Wednesday, May 25

Reuters Ford To Pay $19.2M In Multi-State Settlement For False Advertising Claims

Benzinga

Elon Musk's Net Worth Falls Below $200B With Tesla Stock Crash

Tesla Inc (NASDAQ: TSLA) CEO Elon Musk is no longer in the $200 billion club, of which he was the sole member, after the electric vehicle maker’s latest stock plunge, Bloomberg News

Benzinga

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USA Today Sports Media Group

Elon Musk has the worst Elden Ring build you’ve ever seen

Posting off-screen photos on Twitter - not knowing how to use screenshot functions on modern consoles or PCs is something we won’t be going into - Musk exposed his heavy load intelligence build to the world. It’s really bad.

Benzinga

Tesla Can't Take Cover Under 'Arbitration' Proceedings In Sexual Harassment Lawsuit, Judge Rules

Tesla, Inc.

The Independent UK

Tesla loses bid to move California sexual harassment lawsuit into arbitration

Jessica Barraza had accused the company of allowing a ‘frat house’ atmosphere

Benzinga

Elon Musk's SpaceX Fetches 25% Higher Valuation In Latest Funding Amid Sexual Harassment Allegations

Tesla Inc (NASDAQ: TSLA) CEO Elon Musk-owned SpaceX has raised a fresh round of funding that values the privately-held space company at $125 billion, the Wall Street Journal

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Benzinga

Elon Musk Sounds Alarm Over 'Population Collapse' Again: Birth Rate Below Sustainable Levels For Five Decades

Tesla Inc (NASDAQ: TSLA) CEO Elon Musk on Tuesday warned of population collapse once again, an event that, he has said in the past, could potentially be the greatest risk to the future of civilization.

Bangkok Post

Top 50 Richest People Have Lost More Than Half a Trillion Dollars This Year

The top 50 richest people in the world have lost more than half a trillion dollars on paper this year, a stunning loss of wealth that exceeds the gross domestic product of Sweden and is greater than the market caps of all but six companies in the S&P 500.

The Times of India

Elon Musk drops out of $200 billion club again as Tesla tumbles

SAN FRANCISCO: Elon Musk has once again fallen out of the $200 billion club.

Benzinga

Cathie Wood Laps Up $16M In Tesla, Marking 2nd Straight Buy As Stock Slumps Another 7%

Cathie Wood-led Ark Invest scooped up more shares in Tesla Inc (NASDAQ: TSLA) on Tuesday, a day after the money managing firm resumed buying shares in the Elon Musk-led company.

Tribune News Service

Tesla resumes plunge as fears of slow production weigh on stock

Tesla Inc. is struggling Tuesday as the electric-vehicle maker’s production woes in China refuse to go away, leading another analyst to slash their 12-month price target on the once high-flying stock.

The Conversation

How a sustainability index can keep Exxon but drop Tesla – and 3 ways to fix ESG ratings to meet investors' expectations

A major stock index that tracks sustainable investments dropped electric vehicle-maker Tesla from its list in May 2022 – but it kept oil giant ExxonMobil. That move by the SP 500 ESG Index has set off a roiling debate over the value of ESG ratings.

The Independent UK

Elon Musk admits to having a secret Instagram account

SpaceX founder’s admission came amid denial of ‘secret’ Twitter account

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