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Tag: Elon Musk

News

Musk sells $3.9bn Tesla shares after Twitter deal

Tesla boss and new Twitter CEO, Elon Musk, has sold another 19.5 million shares of the electric car maker worth $3.95bn.   This is coming less than two weeks after the world’s richest man completed his $44bn takeover of Twitter.   BBC reported that Tesla’s share price has fallen by more than 50% since the […]

X to offer paid users xAI chatbot - Musk
Oil and Gas

World needs oil, gas to survive – Elon Musk

Tesla CEO and the world’s richest person, Elon Musk, has reiterated the need for continued efforts to raise oil and gas exploration in the world. Musk stated this while speaking at a conference in Norway on Monday, according to Forbes. Reuters reported that Musk argued that civilization will crumble if the world stops the use of oil […]

Elon Musk discloses plans for self-driving cars
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Elon Musk sells $7bn Telsa shares amid Twitter buyout fray

Amid the legal battle with Twitter over his $44 billion buyout deal, the Chairman of Telsa, Elon Musk has sold about $7 billion worth of his electric car company shares. According to AFP, a legal filing published on the Securities and Exchange Commission’s website showed that Musk had on Tuesday sold Telsa shares after he […]

X to offer paid users xAI chatbot - Musk
News

Twitter stock falls as Elon Musk mocks lawsuit

Twitter stock fell Monday after Tesla chief Elon Musk ditched the $44 billion deal to buy the social media giant. According to AFP, the platform’s stock dropped 5.46 per cent on Wall Street, to $34.80 by around 7:05 am (11:05 GMT). It had lost 5.10 per cent before the weekend. Musk on Friday pulled the […]

X to offer paid users xAI chatbot - Musk
News

Twitter shareholders sue Elon Musk for ‘unlawful conduct’

Shareholders of social media giant, Twitter, have filed a lawsuit against Elon Musk on grounds of “unlawful conduct” aimed at sowing doubt about his intention to finalise the acquisition deal on the company. According to ABC News, the lawsuit filed late Wednesday in the U.S. District Court for the Northern District of California claims the […]

X to offer paid users xAI chatbot - Musk
Investment News

Elon Musk loses $11bn in one day

The wealth of the Chief Executive Officer of Telsa, Elon Musk, has plunged by 7% – a total of $11 billion in one day following bad stock sales pressures of his electric car company. According to Bloomberg Billionaires Index, the electric car company boss was worth about $193 billion after the Tuesday trading session. A […]

X to offer paid users xAI chatbot - Musk
Crypto

Binance to finance Elon Musk’s Twitter takeover with $500m

Cryptocurrency giant, Binance, has pledged $500 million equity to help finance Elon Musk’s takeover of Twitter. This is according to Cryptobriefing.com which cited an amended 13-D schedule filed with the U.S. Securities and Exchange Commission on Wednesday. The publication reported that Binance had the fourth-largest commitment among a dozen equity investors financing Elon Musk’s takeover […]

X to offer paid users xAI chatbot - Musk
News

Twitter won’t be free for commercial, govt users, says Elon Musk

Elon Musk, on Wednesday, said Twitter commercial and government users may have to pay to use the micro-blogging platform. Twitter on Monday, April 25, confirmed the selling of the platform to Musk in a deal valued at $44 billion. The sale was a dramatic shift for the board, which had originally manoeuvred to block Musk […]

X to offer paid users xAI chatbot - Musk
Technology

Twitter: Musk mulls free speech after $44bn purchase

Elon Musk has agreed a deal to buy Twitter for about $44bn. This was confirmed on Monday after Twitter agreed to be taken over at $54.20 a share. Speaking on the motivation behind the deal, Musk revealed that he intends to transform the platform by taking it private. In a statement announcing the deal, he […]

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