A recent filing with the US Securities and Exchange Commission has revealed that Tesla and SpaceX CEO Elon Musk will be appointed as a member of Twitter’s Board of Directors. The update was related in a Form 8-K released on Tuesday. According to the Form 8-K, Musk will be serving as a Class II director for…
Shortly after news broke that Elon Musk now owns a substantial stake in Twitter, the Tesla CEO is already asking users if they want an edit button. As of this writing, 76.3% of users are in favor of an edit button, and 23.7% voted “no.” On April 2, the official Twitter account tweeted that the…
Twitter stock is soaring on Monday’s premarket after news broke that Tesla CEO Elon Musk had taken a substantial stake in the company. Musk’s stake was revealed by the US Securities and Exchange Commission (SEC) in a 13G filing released on Monday. As per the SEC filing, Musk now owns 73,486,938 shares of common Twitter…
Elon Musk is the world’s richest man, but he admits that giving money away to do good is difficult. “When it comes to donations, I’d say it is very difficult to give away money effectively,” Musk stated in a recent interview with Mathias Döpfner, the CEO of Insider’s parent company, Axel Springer. Musk said he cares more about…
Following Joe Biden’s invoking of the Defense Production Act yesterday, nickel expert Trent Mell is commending the President’s decision to surge the domestic production and sourcing of electric vehicle materials. Speculation early in the week indicated President Biden was considering using the Defense Production Act for the second time in his presidency to help domestic companies source…
United States Labor Secretary Marty Walsh said during a recent conversation with Tesla frontman Elon Musk, the CEO reiterated he was not opposed to unionizing the electric automaker’s workforce if employees showed interest. “We had a good conversation,” Walsh said in an interview with Yahoo! Finance Live. “We talked about the economy and manufacturing. We talked about…
Rivian Automotive said in a 10-K filing with the SEC earlier today that it expects “to incur significant expenses and continuing losses for the foreseeable future,” as it is a “growth stage” company. “We have incurred net losses since our inception, including net losses of $0.4 billion, $1.0 billion, and $4.7 billion for the years…
Faraday Future executives have been subpoenaed by the SEC, according to a filing from the automaker on Thursday. Faraday said certain members of the management team and employees received the subpoenas after its February 1 8-K filing with the SEC. “Subsequent to the February 1 Form 8-K, the Company, certain members of the management team…
United Auto Workers President Ray Curry recently revealed that he is yet to speak to Elon Musk about the possibility of Tesla holding a union vote. The idea of Tesla’s possible unionization came earlier this month after Musk invited the UAW to hold a vote at the company’s California plant. “I’ve actually not talked to…
Elon Musk has tested positive for COVID-19 for the second time, but the Tesla and SpaceX CEO is skeptical. Musk said he’s “supposedly” tested positive for the virus while criticizing the numerous variants of the virus, asking, “How many gene changes before it’s not Covid-19 anymore?” Musk confirmed he is nearly asymptomatic, which is sometimes…