Twitter buyer Elon Musk calls himself a free speech absolutist, but that could be put to the test in the Middle East where critics say authoritarian governments use the platform to track opponents and spread disinformation. Twitter did not immediately respond to a request for comment on how it might deal with Middle Eastern governments’ […]
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Tesla Inc lost $126 billion in value on Tuesday amid investor concerns that Chief Executive Elon Musk may have to sell shares to fund his $21 billion equity contribution to his $44 billion buyout of Twitter Inc. Tesla is not involved in the Twitter deal, yet its shares have been targeted by speculators after Musk […]
With a stable of businesses ranging from electric cars to private rocket ships, iconoclastic billionaire Elon Musk has become the richest person in the world by building a fortune firmly planted in 21st century technology. With an all-cash $43 billion offer to buy Twitter Inc, Musk may soon emulate the tycoons of the past by […]
Twitter Inc adopted a ‘poison pill’ on Friday to limit Elon Musk’s ability to raise his stake in the social media platform, as a buyout firm emerged to challenge his $43 billion bid for the company. Thoma Bravo, a technology-focused private equity firm that had more than $103 billion in assets under management as of […]
Two of the world’s richest people are pitching in ideas to tackle the issue of homelessness, suggesting that Twitter Inc convert its headquarters to a shelter home. Amazon.com Inc founder Jeff Bezos on Sunday backed an idea put forth by Elon Musk, who recently became Twitter’s largest shareholder, to convert the social networking firm’s San […]
Twitter Inc said on Tuesday it will offer Elon Musk a seat on its board of directors, a position the Tesla boss and entrepreneur plans to use to bring about significant improvements at the social media site after disclosing a sizeable holding. Musk reported in a regulatory filing on Monday that he had amassed a […]
Elon Musk announced on Monday that Tesla has not signed a contract with Hertz, despite the rental car firm’s disclosure a week ago of a significant deal with the electric car manufacturer. Tesla shares jumped by 12.6 percent following the announcement of a massive order from Hertz of almost 100,000 vehicles on October 25, granting […]
Two of the world’s high-profile tech geniuses, Elon Musk and Jeff Bezos, have been competing against each other over their respective space ambitions. Musk owns SpaceX, a space transportation company that was recently awarded by NASA a $2.9 billion contract to build the spacecraft in charge of helping astronauts travel down the lunar surface by […]
American aerospace manufacturer SpaceX plans to extend its partnership with Indian firms to locally manufacture satellite communication equipment as it gears up to launch its high-speed satellite Starlink in 2022. The meeting was conducted with the global satellite companies including officials from global communications networks OneWeb, Viasat, Hughes, in addition to Department of Space and the Regulatory Authority of India. […]
Tesla CEO Elon Musk says he once considered selling the electric car maker to Apple, but the iPhone maker’s CEO blew off the meeting. In a tweet Tuesday, Musk said he reached out to Apple CEO Tim Cook “to discuss the possibility of Apple acquiring Tesla (for one-tenth of our current value). He refused to […]