Taking Tesla Private
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Elon Musk Found Not Liable in 2018 Tweets Regarding Tesla’s Share Price
Elon Musk was found free of all charges against him after a jury on Friday decided that the billionaire didn’t defraud investors with his 2018 tweets about electric automaker Tesla in a proposed deal. The nine-member jury reached its verdict after less than two hours of deliberation following a three-week trial.
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"Was Told Saudi Crown Prince Was On Board": Elon Musk In Tesla Tweet Trial
Elon Musk on Monday told jurors that his 2018 tweet about taking Tesla private at $420 a share was no joke and that Saudi Arabia's sovereign wealth fund was serious about helping him do it.
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Elon Musk Takes Witness Stand, Defends 2018 Buyout Tweets in Tesla Shareholder Trial
Elon Musk on Friday defended his tweet from 2018 claiming that he had lined up funding to take Tesla private in a class-action lawsuit by shareholders claiming he misled investors. The Tesla CEO delivered sworn testimony in a US court in front of a nine-person jury and a full room of media and other spectators, and the trial was adjourned for the w...
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"Causal Relationship...": Elon Musk Downplays Tweets' Role In Fraud Trial
Tesla CEO Elon Musk took the stand in a California fraud trial on Friday, accused of lying in tweets about taking the auto company private, punishing investors.
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Tesla Shareholder Trial: US Jury Told That Elon Musk's 'Lies' Cost Tesla Investors Millions
Tesla investors' lawyer told jurors in the lawsuit against Elon Musk that the billionaire's lies about having funding in place to take the company private had cost his clients millions of dollars in 2018. The first witness, a 71-year-old man, told jurors Elon Musk's tweet about taking the company private threatened almost all the money he had inves...
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Elon Musk "Lied" About Plans To Take Tesla Private, Lawyer Tells Court
A lawyer for angry Tesla investors told a California courtroom on Wednesday that CEO Elon Musk "lied" about having funding in place to take the company private, costing his clients millions of dollars.
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Twitter Employees 'Just Along for the Ride' as Elon Musk Reverses Course on Twitter Deal
Twitter employees working on planning for the company for 2023 were interrupted by news on Tuesday that Tesla CEO Elon Musk had approached Twitter to complete the takeover deal for $44 billion (roughly Rs. 3,58,300 crore). Musk has flip-flopped on the deal since April, when he disclosed that he had acquired a stake in the social media platform. He ...
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Tesla Appoints Airbnb Co-Founder Joseph Gebbia to Board Following US SEC Complaint by Shareholder Body
Tesla on Wednesday announced that it had appointed Airbnb Co-Founder Joseph Gebbia to the company's board, weeks after the departure of Oracle Co-Founder Larry Ellison in August. The move comes after a shareholder body criticised the company over a lack of independent board members, and complained to the US Securities and Exchange Commission (SEC) ...
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Elon Musk Fake Accounts Claim Not Backed Up by Data Scientists' Findings, Twitter Lawyer Tells Court
Twitter on Tuesday told a US court that Tesla CEO had not backed up his fake accounts claim, which he has used as a reason to back out of the $44 billion (roughly Rs. 3,60,140 crore) Twitter takeover deal. The company's lawyers said it was a struggle to get documents from data scientists that Musk used to estimate the portion of fake accounts on th...
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Tesla Received Second Subpoena From US SEC Over Elon Musk’s 2018 Go-Private Tweets
Tesla has received a second subpoena in connection with CEO Elon Musk’s 2018 tweets about taking the company private, the firm revealed in a regulatory filing. The US SEC had issued a subpoena last year related to a settlement requiring Elon Musk’s tweets on material information to be vetted. Musk appealed a judge's refusal to end this 2018 agr...
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Musk's $44-Billion Twitter Deal At Risk Of Being Repriced Lower - Report
Short-seller Hindenburg Research warned that Elon Musk's $44-billion offer to take Twitter Inc private could get repriced lower if the the world's richest person walked away from the deal.
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Elon Musk's Legal Issues Said to be Cause of Tesla, Twitter Shares Drop
Shares of Tesla and Twitter have tumbled this week as investors deal with the fallout and potential legal issues surrounding Tesla CEO Elon Musk and his $44 billion (roughly Rs. 3,40,100 crore) bid to buy the social media platform.
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Elon Musk's 'Tesla Funding Secured' Tweet Inaccurate and Reckless, Says Court
Elon Musk's 2018 tweets that said funding was secured to take Tesla private was inaccurate and reckless, a US court said. The court further stated that "there was nothing concrete" about financing from Saudi Arabia's sovereign wealth fund at that time.
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Musk-Twitter Deal Could Be Repriced Lower if Musk Walks Away, Says Hindenburg Research
Short-seller Hindenburg Research said that Elon Musk's $44 billion offer to take Twitter private could get repriced lower if the world's richest person walked away from the deal.
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Musk's $44-Billion Twitter Deal At Risk Of Being Repriced Lower - Report
Short-seller Hindenburg Research warned that Elon Musk's $44-billion offer to take Twitter Inc private could get repriced lower if the the world's richest person walked away from the deal.
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Elon Musk Found Not Liable in 2018 Tweets Regarding Tesla’s Share Price
Elon Musk was found free of all charges against him after a jury on Friday decided that the billionaire didn’t defraud investors with his 2018 tweets about electric automaker Tesla in a proposed deal. The nine-member jury reached its verdict after less than two hours of deliberation following a three-week trial.
-
"Was Told Saudi Crown Prince Was On Board": Elon Musk In Tesla Tweet Trial
Elon Musk on Monday told jurors that his 2018 tweet about taking Tesla private at $420 a share was no joke and that Saudi Arabia's sovereign wealth fund was serious about helping him do it.
-
Elon Musk Takes Witness Stand, Defends 2018 Buyout Tweets in Tesla Shareholder Trial
Elon Musk on Friday defended his tweet from 2018 claiming that he had lined up funding to take Tesla private in a class-action lawsuit by shareholders claiming he misled investors. The Tesla CEO delivered sworn testimony in a US court in front of a nine-person jury and a full room of media and other spectators, and the trial was adjourned for the w...
-
"Causal Relationship...": Elon Musk Downplays Tweets' Role In Fraud Trial
Tesla CEO Elon Musk took the stand in a California fraud trial on Friday, accused of lying in tweets about taking the auto company private, punishing investors.
-
Tesla Shareholder Trial: US Jury Told That Elon Musk's 'Lies' Cost Tesla Investors Millions
Tesla investors' lawyer told jurors in the lawsuit against Elon Musk that the billionaire's lies about having funding in place to take the company private had cost his clients millions of dollars in 2018. The first witness, a 71-year-old man, told jurors Elon Musk's tweet about taking the company private threatened almost all the money he had inves...
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Elon Musk "Lied" About Plans To Take Tesla Private, Lawyer Tells Court
A lawyer for angry Tesla investors told a California courtroom on Wednesday that CEO Elon Musk "lied" about having funding in place to take the company private, costing his clients millions of dollars.
-
Twitter Employees 'Just Along for the Ride' as Elon Musk Reverses Course on Twitter Deal
Twitter employees working on planning for the company for 2023 were interrupted by news on Tuesday that Tesla CEO Elon Musk had approached Twitter to complete the takeover deal for $44 billion (roughly Rs. 3,58,300 crore). Musk has flip-flopped on the deal since April, when he disclosed that he had acquired a stake in the social media platform. He ...
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Tesla Appoints Airbnb Co-Founder Joseph Gebbia to Board Following US SEC Complaint by Shareholder Body
Tesla on Wednesday announced that it had appointed Airbnb Co-Founder Joseph Gebbia to the company's board, weeks after the departure of Oracle Co-Founder Larry Ellison in August. The move comes after a shareholder body criticised the company over a lack of independent board members, and complained to the US Securities and Exchange Commission (SEC) ...
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Elon Musk Fake Accounts Claim Not Backed Up by Data Scientists' Findings, Twitter Lawyer Tells Court
Twitter on Tuesday told a US court that Tesla CEO had not backed up his fake accounts claim, which he has used as a reason to back out of the $44 billion (roughly Rs. 3,60,140 crore) Twitter takeover deal. The company's lawyers said it was a struggle to get documents from data scientists that Musk used to estimate the portion of fake accounts on th...
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Tesla Received Second Subpoena From US SEC Over Elon Musk’s 2018 Go-Private Tweets
Tesla has received a second subpoena in connection with CEO Elon Musk’s 2018 tweets about taking the company private, the firm revealed in a regulatory filing. The US SEC had issued a subpoena last year related to a settlement requiring Elon Musk’s tweets on material information to be vetted. Musk appealed a judge's refusal to end this 2018 agr...
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Musk's $44-Billion Twitter Deal At Risk Of Being Repriced Lower - Report
Short-seller Hindenburg Research warned that Elon Musk's $44-billion offer to take Twitter Inc private could get repriced lower if the the world's richest person walked away from the deal.
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Elon Musk's Legal Issues Said to be Cause of Tesla, Twitter Shares Drop
Shares of Tesla and Twitter have tumbled this week as investors deal with the fallout and potential legal issues surrounding Tesla CEO Elon Musk and his $44 billion (roughly Rs. 3,40,100 crore) bid to buy the social media platform.
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Elon Musk's 'Tesla Funding Secured' Tweet Inaccurate and Reckless, Says Court
Elon Musk's 2018 tweets that said funding was secured to take Tesla private was inaccurate and reckless, a US court said. The court further stated that "there was nothing concrete" about financing from Saudi Arabia's sovereign wealth fund at that time.
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Musk-Twitter Deal Could Be Repriced Lower if Musk Walks Away, Says Hindenburg Research
Short-seller Hindenburg Research said that Elon Musk's $44 billion offer to take Twitter private could get repriced lower if the world's richest person walked away from the deal.
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Musk's $44-Billion Twitter Deal At Risk Of Being Repriced Lower - Report
Short-seller Hindenburg Research warned that Elon Musk's $44-billion offer to take Twitter Inc private could get repriced lower if the the world's richest person walked away from the deal.
