Elon Musk’s The Boring Company has raised $675 million in Series C funding round, which now values the tunneling enterprise at $5.675 billion, the company said on Wednesday, adding that the proceeds will be used to ramp up its hiring across sectors. The Austin, Texas-based company, which plans to expand its workforce in engineering, operations,…
Musk’s Boring Company Valued at $5.6 Billion After Latest Funding Round
April 22, 2022
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Judge Rejects ‘Gag Order’ for Elon Musk
Elon Musk will not be subjected to a “gag order” preventing him from discussing a lawsuit claiming he defrauded Tesla Inc. shareholders by tweeting in 2018 about taking his electric car company private, a federal judge ruled on Wednesday. U.S. District Judge Edward Chen in San Francisco agreed with Musk and Tesla that the proposed…
Elon Musk Scores Hat Trick of Tesla Compensation Goals Worth $23 Billion
With Tesla’s strong quarterly report on Wednesday, Chief Executive Elon Musk has scored a hat trick of performance goals worth a combined $23 billion in new compensation. The world’s most valuable carmaker posted March quarter revenue and profit that surged past Wall Street estimates as it raised prices in response to inflation, offsetting the impact…
Why Has Elon Musk Blamed Netflix Slump on ‘Woke Mind Virus’?
Tesla and SpaceX CEO and prospective Twitter owner Elon Musk has addressed the recent slump in Netflix’s stock, apparently blaming the decline on the proliferation of “woke” content on the platform. “The woke mind virus is making Netflix unwatchable,” Musk posted on Twitter Tuesday in reply to a report that Netflix shares had cratered in…
Capitol Report (April 21): Florida Deals Heavy Blow to Disney
April 21, 2022
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Another 1.3 billion to Ukraine. How will your tax money be spent and why is President Biden asking Congress for more? With the second round of military aid totaling in the billions being sent to Ukraine should these aid packages be discussed by congress before being sent overseas to fund the Ukrainian war? we’ll take…
Musk Secures $46.5 Billion Funding to Buy Twitter, Says Ready for Tender Offer
Billionaire Tesla CEO Elon Musk has secured the funding required financing to make a tender offer to buy Twitter and take the company private, according to a new SEC filing. The document shows that Musk has received $46.5 billion in commitment to help finance the proposed deal. Through a tender offer, Musk plans to approach Twitter…
‘Do You Like Minting Money?’: Musk Advises Entrepreneurs to Step Into Lithium Industry
Tesla Inc. chief executive officer Elon Musk has advised entrepreneurs to get into the lithium business as he seeks to expand the fast-growing industry that is crucial for products such as electric vehicles (EV). “We think we’re going to need to help the industry on this front,” Musk said on an earnings call on Wednesday. “I…
Elon Musk Becomes a Freedom of Speech Hero
April 20, 2022
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Commentary The richest man in the world has decided to use some of his vast fortune to promote free speech in a real and practical way. Elon Musk has literally put his money where his mouth is. Musk is prepared to use part of his fortune to transform Twitter into a vehicle for free speech….
Pressure Mounts on Twitter’s Board as Elon Musk Hints at Potential Tender Offer
April 20, 2022
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Big Tech, Censorship, and SocialismBusiness & EconomyCompaniesElon MuskFeatured TopicsFloridaLocal NewsMedia & Big TechRegional-Local NewsSocial MediaTechtender offerTwitterUSUS News
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Ownership contest for Twitter has devolved into a chess game after the company’s board last week adopted a poison pill to thwart an unwelcome takeover attempt by the world’s richest man, Elon Musk. Many people around the world, including the company’s stockholders, are now eagerly awaiting the billionaire’s next move. Musk on Tuesday posted a mysterious…
Elon Musk Talks Social Media Policy Amid Bid to Take Over Twitter
Billionaire Elon Musk appeared to share how he would improve Twitter’s performance on Tuesday amid his bid to take over the company. The Tesla CEO took to the social media platform to share his philosophy on social media policy, writing: “A social media platform’s policies are good if the most extreme 10 percent on left and…
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