Elon Musk has sold a further $6.9 billion of his shares in Tesla Inc., according to new filings with the Securities and Exchange Commission published on Aug. 9. The selloff took place between Aug.5 and Aug.9 following Tesla’s annual shareholder meeting last week, and amid the tech billionaire’s legal battle with social media platform Twitter. Musk sold 7,924,107 shares,…
Elon Musk Sells $6.9 Billion of Tesla Shares Ahead of Twitter Court Battle
‘Seems High’: Musk Reacts to $80 Billion IRS Funding in Billion-Dollar Spending Bill
Elon Musk cast doubt over the $80 billion funding boost to the Internal Revenue Service (IRS), which is part of a Democrat-backed economic package passed by the Senate on Aug. 7. “Seems high,” Musk, the billionaire tech mogul, said in a Monday post on Twitter in response to a report by the Washington Free Beacon….
Elon Musk’s SpaceX Raises $250 Million Through Fresh Equity Offering as Its Valuation Soars
Elon Musk’s SpaceX raised additional financing through the issue of equity in late July, according to a new filing by the company on Friday. SpaceX raked in proceeds of $250 million by selling equity, with the date of the first sale mentioned as July 20. The funding came from five investors. With this, the company…
Elon Musk Says He Could Revive Twitter Deal If Key Condition Is Met
Tech entrepreneur Elon Musk signaled that the $44 billion deal to purchase Twitter could ultimately go through if the social media firm would only provide him with data on user accounts and bots. “If Twitter simply provides their method of sampling 100 accounts and how they’re confirmed to be real, the deal should proceed on…
Musk Says He Might Revive Twitter Deal If Key Condition Is Met
Tech entrepreneur Elon Musk signaled that his $44 billion deal to purchase Twitter might ultimately go through if the social media firm would provide him with data on user accounts and bots. “If Twitter simply provides their method of sampling 100 accounts and how they’re confirmed to be real, the deal should proceed on original…
Musk Challenges Twitter CEO to Public Debate on Bots
August 6, 2022
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Elon Musk on Saturday challenged Twitter Inc. Chief Executive Officer Parag Agrawal to a public debate about the percentage of bots on the social media platform. “Let him prove to the public that Twitter has <5% fake or spam daily users!,” Musk said in a tweet. He also started a poll asking users whether less…
Musk Says Twitter Deal Should Go Ahead If It Provides Proof of Real Accounts
Elon Musk said that if Twitter Inc. could provide its method of sampling 100 accounts and how it confirmed that the accounts are real, his $44 billion deal to buy the company should proceed on its original terms. “However, if it turns out that their SEC filings are materially false, then it should not,” Musk…
Elon Musk Accuses Twitter of Fraud: Countersuit
Elon Musk in a countersuit has accused Twitter executives of fraudulently presenting an undercount of fake users, known as bots. Twitter in July sued Musk for withdrawing from a $44 billion acquisition agreement, alleging he breached the agreement. In the counter-filing, entered under seal last month and obtained by The Epoch Times on Aug. 5,…
Elon Musk Expects US Recession Will Last a Long Time but Will Be ‘Relatively Mild’
Tesla CEO Elon Musk says he expects a recession in the United States to last around 18 months, although he anticipates it will be “relatively mild.” Musk made the comments at the electric vehicle makers’ annual shareholder meeting on Thursday. While he joked that “making macroeconomic prognostications is a recipe for disaster,” the businessman said his…
Public Version of Musk’s Response to Twitter Lawsuit to Be Issued by Aug. 5, Judge Rules
The public version of Elon Musk’s response to Twitter’s lawsuit over his bid to walk away from their $44 billion purchase deal will be issued before the end of this week—Aug. 5, a judge has ruled. Musk’s team initially wanted it to be disclosed to the public by Aug. 3, but the decision faced opposition…
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