Elon Musk may be looking for a better deal with his Twitter acquisition and $44 billion may now be sounding like a price that is just a bit too high. During a tech conference called “All In” in Miami on Monday, Musk remarked that he believes 20 percent of users on the platform are fake…
Twitter stock (NYSE: TWTR) has lost all of the gains it once had during the peak of the Elon Musk acquisition saga, now trading at the same levels it did before the Tesla CEO disclosed a massive 9.1 percent ownership stake in the social media company. On April 1, 2022, Twitter shares closed at $39.31,…
In a post on Sunday, Tesla CEO Elon Musk admitted that Twitter’s legal team called him out for allegedly violating a nondisclosure agreement. Musk’s update came not long after he revealed that Twitter’s sample size when it estimated the number of bots in its platform was just 100 accounts. Last week, Musk announced that he…
In order to determine how many of Twitter’s user accounts could be automated, Tesla CEO and potential Twitter owner Elon Musk is carrying out his own statistics project to get a real answer. Musk, who put his $44 billion deal to acquire the social media platform on hold yesterday after questioning Twitter’s reports of a less than…
Tesla CEO Elon Musk has announced that his Twitter acquisition deal is “temporarily on hold,” at least until he receives details pertaining to the company’s spam or fake accounts. Twitter had indicated in a filing that spam or fake accounts comprise less than 5% of the platform’s monetizable daily active users. “Twitter deal temporarily on…
San Antonio Mayor Ron Nirenberg doesn’t see the need for a Boring Company tunnel in his city. Mayor Nirenberg is focused on developing his transportation initiative, called ConnectSA, which he launched in April 2018. “We have a lot of transportation priorities. We need multimodal connectivity. I don’t see where a tunnel project fits into that.…
Tesla CEO Elon Musk is looking to eliminate margin loans by raising more equity and preferred financing for his $44 billion Twitter buyout. The termination of a margin loan, which is leveraged against shares of Tesla stock that are in his name, would be less risk for both Musk and lenders. According to Bloomberg, who cited people…
Elon Musk knows a thing or two about making electric vehicles. Having led Tesla for about 14 years now, Musk is among the most experienced EV leaders in the automotive sector. And during a recent interview, Musk shared some advice to those who wish to get into the electric vehicle market. While speaking at the Financial…
When Elon Musk Tweeted about potentially taking Tesla private in 2018, he was ‘recklessly’ communicating about an unfinalized deal, according to U.S. District Judge Edward Chen. Chen said in a San Francisco courtroom that the Tesla CEO’s communications through the social media platform were inaccurate when talking about potential financing from the Saudi Arabia sovereign…
Elon Musk recently confirmed that he intends to stay at Tesla as long as he can provide value for the electric vehicle maker. Musk’s comments were shared during his interview at the Financial Times‘ Future of the Car 2022 Summit. Musk is a multitasker, so much so that he currently serves as CEO of SpaceX, a company…