Elon Musk Sold $7.5 Billion in Tesla Stock Before Disappointing Quarter Went Public
Tesla CEO Elon Musk is facing a lawsuit alleging he illegally sold $7.5 billion worth of Tesla stock in the fourth quarter of 2022, knowing it would disappoint investors after the company promised a “great end to the year.” luck Reports In a lawsuit filed last week in Delaware court, shareholder Michael Perry accused Musk […]
Elon Musk will bring video-only feed to X: sources
Elon Musk’s X may soon be unveiling a feature that will compete head-on with TikTok and Instagram Reels. The company is preparing to introduce a feature that will give X users a stream of videos, both short snippets and longer videos, depending on the user’s interests, sources told The Washington Post. X sources say this […]
Elon Musk had Nvidia send AI chips intended for Tesla to X and xAI
Varney & Co. host Stuart Varney discusses whether Elon Musk’s latest tech bet will pay off for investors. Billionaire entrepreneur Elon Musk asks Nvidia to ship Artificial Intelligence (AI) CNBC reported on Tuesday that the chips destined for Tesla will be provided by social media platform X and AI startup xAI. CNBC reported: The company […]
Elon Musk diverts Nvidia AI chips booked for Tesla to X, xAI: report
Tesla CEO Elon Musk has instructed Nvidia to prioritize shipments of AI processors to its X and xAI companies over the electric car maker. CNBC reported: on tuesday. The news suggests Musk is prioritizing artificial intelligence-related developments outside Tesla and comes ahead of a key shareholder vote on his compensation package at the company. “Elon […]
Tesla and Elon Musk Fire Back at Institutional Investors in Argument over Massive Pay Package
Tesla Inc. and CEO Elon Musk are fighting back against institutional investors who voiced opposition to Musk’s $58 billion compensation package from 2018. Investors Business Daily Reports Electric-car giant Tesla and its CEO Elon Musk are locked in a fierce battle with institutional investors over Musk’s 2018 compensation package, now valued at about $45 billion. […]
Elon Musk accused of $7.5 billion insider trading in lawsuit from Tesla shareholder
Barron’s deputy editor Al Root joins Barron’s Roundtable panelists to discuss what U.S. automakers need to do to compete against a flood of cheap electric vehicles from China. Tesla CEO Elon Musk was accused of insider trading in a lawsuit filed by Tesla shareholders in Delaware Chancery Court on Thursday. Shareholder Michael Perry alleges in […]
Elon Musk Slams Trump Verdict: ‘Anyone Is at Risk’
Tesla CEO and X/Twitter owner Elon Musk slammed former President Donald Trump’s guilty verdict on Thursday, calling it a “deep blow to the public’s faith in the American justice system,” adding that “everyone is at risk” now that “a former president can be convicted for such a trivial matter.” “Today certainly did great damage to […]
‘Great damage’: Elon Musk set to host Trump town hall after ripping NYC guilty verdict
SpaceX and Tesla CEO Elon Musk is planning to hold a town hall meeting with former President Donald Trump, reports said shortly after the former president was sentenced to criminal convictions in New York City on Thursday. The New York Post reported on Friday that President Trump will answer questions alongside Musk during a livestream […]
Massive layoffs hit Media Matters after Elon Musk lawsuit
For many years, Media Matters has existed solely as a watchdog against the right, which often seeks to destroy conservatives’ lives through cancel culture. Now the media company is undergoing major layoffs after Elon Musk took the company to court in November — and Lauren Chen is happy about it. “They’re basically a left-wing watchdog […]
Elon Musk says he’ll testify in SEC investigation of his Twitter purchase
After dodging the Securities and Exchange Commission for months, Elon Musk has finally agreed to testify in the agency’s investigation into his 2022 acquisition of Twitter. The SEC began investigating Musk’s purchase of Twitter, now known as X, on May 22 over concerns about whether Musk broke federal securities law when he bought stock in […]