The Pigeon Express
Elon Musk has filed claims against Twitter as he fights the tech firm’s lawsuit demanding he be held to his $44 billion purchase deal. Musk mounted a legal defence against Twitter’s claim that he is contractually bound to complete the deal he inked in April, the Chancery Court in the state of Delaware said in […]
Tesla boss Elon Musk has denied having an affair with Nicole Shanahan, the wife of Google co-founder, Sergey Brin. Mr Musk’s comments came after the Wall Street Journal reported that his friendship with Mr Brin had ended over the alleged affair. Replying to a link to the story posted on Twitter, Mr Musk referred to […]
Twitter spent $33 million on Elon Musk’s proposed deal to buy the firm between April and June 2022. It also said its number of monthly daily users had risen to 237 million but it reported a net loss of $270 million, which was worse than expected. Mr Musk has since changed his mind about the […]
Tesla, which made waves last year when it revealed a major investment in Bitcoin, has now sold off most of its holdings of the cryptocurrency. The electric car firm has offloaded 75% of its Bitcoin, which was worth about $2 billion at the end of 2021. It is backing away as the value of the […]
Twitter is suing billionaire Elon Musk to try to force him to buy the social media firm, setting up a legal battle with the world’s richest man. It comes after Mr Musk announced he was walking away from his proposed $44 billion takeover of Twitter on Friday. He claimed Twitter had not given information about […]
Elon Musk is seeking to end his $44 billion bid to buy Twitter, alleging multiple breaches of the agreement. The announcement is the latest twist in a long-running saga after the world’s richest person decided to buy Twitter in April. Mr Musk said he had backed out because Twitter failed to provide enough information on […]
SpaceX has fired several employees involved in an open letter that blasted billionaire boss Elon Musk, according to media reports. An email from Gwynne Shotwell, SpaceX’s president, saying the company had terminated employees who put together and circulated the letter. The letter writers denounced Musk for actions that they said are a “frequent source of […]
Chinese electric carmaker, BYD, plans to supply batteries to Tesla “very soon,” a senior executive from the company told a Chinese state-owned broadcaster. “BYD respects Tesla, and we also admire Tesla,” said Lian Yubo, BYD’s executive vice president, in a video interview with an anchor from CGTN. “We are now good friends with Elon Musk, […]
Elon Musk threatened to walk away from his $44 billion acquisition of Twitter, accusing the social media company of “thwarting” his requests to learn more about its user base. In a letter filed with regulators, Mr Musk said he was entitled to do his own measurement of spam accounts. The letter formalises a dispute that […]
European Union’s top lawmakers have issued a warning to Elon Musk over his takeover of Twitter. Twitter agreed to Elon Musk’s offer to buy it for $44 billion on Monday. The billionaire has publicly stated his interest in buying the social media platform is rooted in his idea of “free speech.” Musk has previously described […]
The board of Twitter reportedly met Elon Musk over the weekend to explore his $43 billion takeover offer for the social media platform. After the Tesla boss first revealed his bid, Twitter’s management announced a so-called “poison pill” strategy to fend off a potential hostile buyout. Mr Musk plans to finance his bid with the […]
Profits of Elon Musk’s electric car company, Tesla, soared to $3.3 billion in the first three months of the year, as customers proved willing to pay more. The firm’s deliveries were up 68% and would have been higher if not for supply chain shortages, the firm said. Its Shanghai factory was also recently forced shut […]