Delaware Chancery Court Judge Kathaleen McCormick, who is overseeing the lawsuit between Twitter Inc. and Tesla Inc. CEO Elon Musk on Thursday ruled that the billionaire can amend his countersuit to include the $7.8 million severance payment the social media company paid to whistleblower Peiter Zatko. This is considered a small victory for Musk, as…
Twitter Wants to Know If Elon Musk, Whistleblower ‘Mudge’ Had Previous Links as Court Trial Draws Closer
Elon Musk Says Starlink Satellites Now Connecting Schools in World’s Biggest Rainforest
Tesla Inc and SpaceX CEO Elon Musk said Thursday that his space company’s Starlink service is connecting schools in the Amazon region. What Happened Musk’s comments were made on Twitter in response to a tweet from Fábio Faria, Brazil’s Minister of Communications. The Brazilian official, belonging to President Jair Bolsonaro’s administration, had showcased a school…
Musk Says Starlink Will Seek Exemption From Iranian Sanctions
SpaceX CEO Elon Musk said on Monday that the company will ask for an exemption from sanctions against Iran to provide the firm’s Starlink satellite broadband service in the country. Musk made the statement on Twitter at a time of widespread protests in Iran over the death of a woman in police custody. Some people…
Twitter to Depose Elon Musk in Delaware on Sept. 26–27
WILMINGTON, Del—Twitter Inc. will question Elon Musk under oath in Delaware next week as part of the litigation in the billionaire’s bid to walk away from his $44 billion deal for the social media company. A Tuesday filing in Delaware’s Court of Chancery said Musk’s deposition is scheduled for Sept. 26–27 and may stretch into…
Elon Musk Wades Into Inflation Debate as Fed Tees Up Another Jumbo Rate Hike
September 20, 2022
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Tech entrepreneur Elon Musk weighed in on the inflation debate as Federal Reserve policymakers prepared to convene for a two-day meeting at which markets expect the central bank to deliver another large rate hike to cool soaring prices. Musk took to Twitter on Sept. 19 to argue that former Treasury Secretary Larry Summers had made…
Elon Musk’s SpaceX Launches 54 More Starlink Satellites: ‘Meant For Peaceful Use Only’
Elon Musk-led SpaceX finally launched its Falcon 9 reusable rocket with 54 Starlink satellites, following several weather-induced cancellations last week. What Happened The private aerospace company launched the Starlink satellites on Sunday night from the Cape Canaveral Space Force Station in Florida. About nine minutes after the launch, the Falcon 9’s first-stage booster landed on…
Tesla Sued by Drivers Over Alleged False Autopilot, Full Self-Driving Claims
Tesla Inc. was sued on Wednesday in a proposed class action accusing Elon Musk’s electric car company of misleading the public by falsely advertising its Autopilot and Full Self-Driving features. The complaint accused Tesla and Musk of having since 2016 deceptively advertised the technology as fully functioning or “just around the corner” despite knowing that…
Elon Musk Accuses Twitter of Security Lapses in Court Filing
WILMINGTON, Del.—Billionaire Elon Musk accused Twitter Inc. of fraud by concealing serious flaws in the social media company’s data security, which the entrepreneur said should allow him to end his $44 billion deal for the company, according to a Thursday court filing. Musk, the world’s richest person, amended his previously filed lawsuit by adopting allegations…
Elon Musk’s Tesla And SpaceX Emails Can’t Be Accessed Without His Consent, Judge Rules In Twitter-Deal Case
Judge Kathaleen McCormick of the Delaware Chancery Court on Tuesday denied Twitter Inc.’s request to turn in Elon Musk’s personal emails as evidence in their ongoing litigation that would come up for hearing on Oct. 17. What Happened Claiming attorney-client privilege, Musk chose to withhold his personal emails from the Tesla Inc. and SpaceX servers….
Elon Musk Calls for a 0.25 Percent Fed Funds Rate Cut a Day After Inflation Data Spooked Market
Tuesday’s inflation data triggered a steep sell-off in equities and other financial assets. What Happened Ahead of the August inflation report, Ark Invest founder Cathie Wood made an argument for an impending deflation through a series of tweets. To prove her point, she listed a number of commodities whose prices had significantly decreased from their…
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