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The Latest Breaking News on Bill Ackman comes to Elon Musk's defense over antisemitism claims

Elon Musk: 420 is not a joke

Despite the well-known marijuana reference, Musk said in court that the $420 price was a mathematical coincidence.

Fortune

The Loop: Elon Musk takes stand in trial over his tweets, how man stopped second LA shooting, and the Earth's core might have reversed — as it happened

The news Australia is searching for, and all the news that happened while you snoozed: This is The Loop, your quick catch-up for this morning's stories as they happen.

ABC News

Elon Musk testifies in 2nd day of Tesla tweet trial

Elon Musk returned to federal court Monday in San Francisco to testify in a class action lawsuit filed by Tesla investors alleging he misled them with a tweet

The Independent UK

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Twitter to launch ad-free subscription tier, Elon Musk says

Tesla boss hopes for rise in revenue after advertising downturn in wake of takeover

The Guardian - UK

Is Elon Musk’s Twitter in too much trouble to cover its debts?

Social media platform faces $300m interest payment this week, and default could trigger debt restructuring – or bankruptcy

The Guardian - UK

Elon Musk Takes Stand in Tesla Tweet 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. Musk was called to testify by lawyers for angry investors who accuse him of costing them millions of dollars in 2018 with untrue…

Asharq Al-Awsat

Elon Musk takes the witness stand to defend his Tesla buyout tweets

Two tweets in 2018 led to a class-action lawsuit alleging Musk misled investors, pulling him into court for about a half hour to deliver sworn testimony in front of a nine-person jury.

WEKU

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Elon Musk's defense of his erratic tweets: They're truthful, just not 'comprehensive'

When Elon Musk posts on Twitter about Tesla, he must follow the same federal regulations that apply to corporate disclosure, the mega-billionaire acknowledged in court testimony on Friday.

Los Angeles Times

Elon Musk plays down impact of his tweets at Tesla fraud trial

Tesla Inc. CEO Elon Musk played down how much impact his tweets have on the company’s stock price as he defended himself at a trial over his 2018 tweet about taking the electric car-maker private.

Tribune News Service

Elon Musk takes witness stand to defend Tesla buyout tweets

Elon Musk has been summoned to court to defend a 2018 tweet claiming he had lined up the financing to take Tesla private in a deal that never came close to happening

The Independent UK

First Thing: Musk ‘lied’ when he tweeted about Tesla takeover, attorney argues

Tesla investor seeks ‘billions’ in damages on behalf of those who traded stock after Musk posted plan to take company private. Plus, are cows at sea the future of farming?

The Guardian - UK

Bird Statue Fetches $100,000 as Musk Auctions Twitter HQ Items

A Twitter bird statue fetched $100,000 on Wednesday as Elon Musk auctioned off furniture, decorations, kitchen equipment and more from the tech firm's downtown San Francisco headquarters, AFP reported. An online auction of "surplus corporate office assets of Twitter" that lasted slightly more than 24 hours also featured a 10-foot…

Asharq Al-Awsat

Bird statue fetches $100,000 as Musk auctions Twitter HQ items

SAN FRANCISCO: A Twitter bird statue fetched $100,000 on Wednesday as Elon Musk auctioned off furniture, decorations, kitchen equipment and more from the tech firm's downtown San Francisco headquarters.

Bangkok Post

Opening statements begin in Elon Musk Tesla tweets trial

Opening statements are set to begin in a trial that will determine whether Tesla CEO Elon Musk cheated investors by asserting in 2018 tweets that he had lined up financing to take the electric automaker private

The Independent UK

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Tribune News Service

Social media firms bent rules to favor Trump, Jan. 6 staff finds

Social media companies bent their own rules in favor of former President Donald Trump and his supporters in the volatile weeks preceding the 2021 attack on the U.S. Capitol, according to an unpublished staff report from the House’s Jan. 6 committee.

The Independent UK

Elon Musk's next drama: a trial over his tweets about Tesla

Long before beleaguered billionaire Elon Musk purchased Twitter in October, he had set his sights on Tesla, the electric automaker where he serves as CEO and from which he derives most of his wealth and fame

WEKU

Here's what's at stake in Elon Musk's Tesla tweet trial

In 2018, Musk tweeted he had secured enough funding to take Tesla private, but a deal never materialized. A trial over the risk he brought to shareholders could further tarnish the CEO's reputation.

The Independent UK

Elon Musk's next drama: a trial over his tweets about Tesla

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news in one place.

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Fortune

Elon Musk and Tesla owners are learning a harsh lesson about revaluation

Existing Tesla customers are furious about the company abruptly slashing prices by up to 20% on various models.

Fortune

Elon Musk's buddies in Silicon Valley are predicting he will emerge laughing from his year of record-breaking wealth destruction

The Twitter and Tesla CEO will get "complete financial flexibility" this year, predicts VC Chamath Palihapitiya.

Daily Mirror

Elon Musk loses $180billion in just over a year, Guinness World Records claims

The owner of Twitter Elon Musk lost his title as the world's richest man last month after he reportedly lost around $182 billion (£149 billion) between November 2021 and January 2022

Tribune News Service

Musk says San Francisco jurors dislike him with ‘passion’

Elon Musk’s lawyers argued in their bid get his securities fraud trial moved out of San Francisco that 82% of all the prospective jurors who have an opinion of the billionaire view him negatively.

InsideEVs

Elon Musk Is Making Tesla His Priority Over Twitter: Internal Email

Some investors are demanding that the Tesla Board reel Musk in, but he says he's keeping Tesla first. An internal email substantiates Musk's words.

The Independent UK

Investors mock Elon Musk's bid to move Tesla buyout trial

Lawyers for Tesla shareholders suing the electric vehicle maker’s CEO Elon Musk over a misleading tweet are urging a federal judge to reject the billionaire’s request to move an upcoming trial to Texas from California

Los Angeles Times

Laid-off Twitter workers feared meager severance deals. Elon Musk just set the bar even lower

After months of waiting, hundreds of Twitter employees laid off by Elon Musk in early November received their separation agreements by email Saturday morning.

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