Life after Elon Musk: Tesla’s board takes heat over CEO succession planning
1 year, 11 months ago

Life after Elon Musk: Tesla’s board takes heat over CEO succession planning

LA Times  

A Tesla shareholder in Iceland has submitted a resolution for investors to vote in May on whether the board should prepare and maintain a key-person risk report on Elon Musk. “At present, Tesla shareholders can have little confidence that said risk has been at all ameliorated.” Tesla directors including Denholm and James Murdoch were pressed on their approach to governance in November during a trial over whether the board exercised independence from Musk when drawing up his 2018 compensation package that’s potentially worth $55 billion. “As the new owner of one of the largest social media networks globally, Musk has absolutely no excuse for this move,” said Antoine Argouges, Tulipshare’s founder and CEO. An 8-K press release would have been more appropriate.” Several corporate governance experts said Tesla did what the SEC legally requires by disclosing the date of its annual meeting in its 10-Q quarterly filing. “If the annual meeting change is in the securities disclosure, Tesla met its obligations.” Others were more amenable to shareholders’ gripes.

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History of this topic

What’s next in the legal battle over Elon Musk’s $100 billion pay deal
2 weeks, 5 days ago

What’s next in the legal battle over Elon Musk’s $100 billion pay deal

Live Mint  

Elon Musk’s record-breaking Tesla compensation package has hit another roadblock, after a Delaware judge on Monday again rejected the pay deal, now worth nearly $100 billion. The company hadn’t sought to renegotiate a pay deal with Musk, which the board of directors identified as a risk to Tesla. If an appeal fails, board directors could craft a fresh compensation package …

Elon Musk’s multibillion-dollar pay package is rejected for a second time. What to know
2 weeks, 6 days ago

Elon Musk’s multibillion-dollar pay package is rejected for a second time. What to know

LA Times  

A Delaware judge rejected Tesla Chief Executive Elon Musk’s multibillion-dollar pay package for a second time, writing in her opinion this week that the company’s approval process for the package was “deeply flawed.” Tesla shareholders approved the compensation plan in 2018, which was once valued at $56 billion but fluctuates dramatically with Tesla’s stock price. Business Tesla shareholders strongly support …

Musk's $55.8 bn Tesla pay deal again rejected by US judge
2 weeks, 6 days ago

Musk's $55.8 bn Tesla pay deal again rejected by US judge

Deccan Chronicle  

Washington: A US judge on Monday upheld her decision to reject Elon Musk's massive $55.8 billion compensation package at Tesla, denying an attempt to restore the pay deal through a shareholder vote. In a court filing, Chancellor Kathaleen McCormick of Delaware's Court of Chancery ruled that Tesla's attempt to ratify Musk's compensation package through a June shareholder vote could not …

US judge again rejects Elon Musk's $55.8 billion Tesla compensation package
3 weeks ago

US judge again rejects Elon Musk's $55.8 billion Tesla compensation package

Hindustan Times  

A US judge on Monday upheld her decision to reject Elon Musk's massive $55.8 billion compensation package at Tesla, denying an attempt to restore the pay deal through a shareholder vote. A US court denied an attempt to reinstate the pay contract through a shareholder vote on Monday, upholding her judgement to reject Elon Musk's enormous $55.8 billion compensation package …

Elon Musk loses $56 billion pay package in latest court ruling
3 weeks ago

Elon Musk loses $56 billion pay package in latest court ruling

Salon  

A Delaware judge on Monday denied Tesla CEO Elon Musk his $58 billion pay plan, upholding her prior ruling that it was improperly granted. Judge Kathaleen McCormick, who ruled to void Musk’s pay package in January, said they only way the pay package could have been approved was due to Musk’s unilateral “control” over Tesla. Related Why tech billionaires dress …

Elon Musk sued by former Twitter board member Omid Kordestani over shares
4 months, 1 week ago

Elon Musk sued by former Twitter board member Omid Kordestani over shares

The Hindu  

X owner Elon Musk was sued by a former Twitter board member, Omid Kordestani, who said he was owed more than $20 million in shares that the billionaire had not given him, per The New York Times. In 2022, when billionaire Elon Musk proceeded to buy the social media platform for around $44 billion, Kordestani helped in the process. However, …

Column: Elon Musk thinks Tesla’s investors love him. He’s very wrong
6 months ago

Column: Elon Musk thinks Tesla’s investors love him. He’s very wrong

LA Times  

Elon Musk won two big shareholder votes at Tesla on Thursday, but that may not be good for Tesla shareholders. No one who has followed the career of that famously self-effacing and modest business leader Elon Musk could have expected him to boast openly about having secured approval from Tesla shareholders for two important initiatives: moving the company’s state of …

Elon Musk To Get Back His Big, $44.9 Billion Tesla Pay Package, Shareholders Give Approval
6 months, 1 week ago

Elon Musk To Get Back His Big, $44.9 Billion Tesla Pay Package, Shareholders Give Approval

News 18  

Tesla shareholders voted on Thursday to restore CEO Elon Musk’s record USD 44.9 billion pay package that was thrown out by a Delaware judge earlier this year, sending a strong vote of confidence in his leadership of the world’s largest electric vehicle maker. Early Friday, Tesla disclosed that shareholders voted for Musk’s pay package by 1,760,780,650 to 528,908,419, with about …

‘I love you guys!’: Elon Musk lands $44.9bn pay deal after Tesla vote
6 months, 1 week ago

‘I love you guys!’: Elon Musk lands $44.9bn pay deal after Tesla vote

Al Jazeera  

Musk hails ‘awesome shareholder base’ after vote to restore compensation deal rejected by US judge. The shareholders’ vote does not necessarily mean Musk will receive the pay package but could bolster Tesla’s appeal against the Delaware ruling against the deal. Under the terms of his 2018 pay deal, Musk agreed to be paid stock worth about 1 percent of Tesla’s …

Tesla shareholders strongly support Elon Musk’s $44.9-billion pay package
6 months, 1 week ago

Tesla shareholders strongly support Elon Musk’s $44.9-billion pay package

LA Times  

Tesla shareholders voted to restore Chief Executive Elon Musk’s record $44.9-billion pay package that was thrown out by a Delaware judge earlier this year. Tesla shareholders voted Thursday to restore Chief Executive Elon Musk’s record $44.9-billion pay package that was thrown out by a Delaware judge earlier this year, sending a strong vote of confidence in his leadership of the …

Elon Musk wins back his $44.9 billion Tesla pay package in shareholder vote
6 months, 1 week ago

Elon Musk wins back his $44.9 billion Tesla pay package in shareholder vote

NPR  

Elon Musk wins back his $44.9 billion Tesla pay package in shareholder vote toggle caption Ebrahim Noroozi/AP DETROIT — Tesla shareholders voted Thursday to restore CEO Elon Musk's record $44.9 billion pay package that was thrown out by a Delaware judge earlier this year, sending a strong vote of confidence in his leadership of the electric vehicle maker. Vote totals …

Elon Musk vows Tesla investors will approve his record £44bn pay deal
6 months, 1 week ago

Elon Musk vows Tesla investors will approve his record £44bn pay deal

Daily Mail  

Elon Musk declared victory last night ahead of a vote by Tesla shareholders on his record £44billion pay package. Record pay: Tesla boss Elon Musk said investors were set to approve his £44bn package Influential proxy advisers, Institutional Shareholder Services and Glass Lewis, opposed the deal and Tesla’s eighth-largest shareholder, Norway’s sovereign wealth fund, came out against the package. Dan …

'Thanks For Your Support': Elon Musk Says Tesla Shareholders Voting For His USD 56 Billion Pay Package
6 months, 1 week ago

'Thanks For Your Support': Elon Musk Says Tesla Shareholders Voting For His USD 56 Billion Pay Package

News 18  

Tech billionaire Elon Musk on Thursday said that Tesla shareholders are voting to approve his $56 billion pay package and to move the electric vehicle maker’s legal home to Texas. The resounding endorsement by shareholders of unprecedented remuneration terms in US corporate history may alleviate worries about Musk’s tenure at Tesla, while bolstering the company’s position in challenging a court …

Bill Ackman defends Elon Musk’s call for $56 billion pay package in Tesla: ‘Taking away compensation is theft’
6 months, 1 week ago

Bill Ackman defends Elon Musk’s call for $56 billion pay package in Tesla: ‘Taking away compensation is theft’

Live Mint  

Bill Ackman American billionaire hedge fund manager on Thursday, June 13, extended support to Tesla CEO Elon Musk, who has sought approval for a $56 billion pay package from shareholders. Taking away @elonmusk’s compensation after he created enormous value for shareholders is theft.” He added, “And stealing from a CEO who has created spectacular value for shareholders is not a …

Tesla stock jumps after Musk says shareholders backed pay package
6 months, 1 week ago

Tesla stock jumps after Musk says shareholders backed pay package

LA Times  

Tesla Inc. shares jumped after Elon Musk said shareholders voted “by wide margins” in favor of reapproving his compensation package and moving the company’s state of incorporation to Texas. Musk and Tesla’s board have spent the last two months rallying support for the measures, putting particular emphasis on the pay deal that made Musk eligible for as much as $55.8 …

Future of Elon Musk and Tesla are on the line this week as shareholders vote on massive pay package
6 months, 1 week ago

Future of Elon Musk and Tesla are on the line this week as shareholders vote on massive pay package

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ /verifyErrors …

Elon Musk sees another big advisory firm come out against his multibillion-dollar pay package
6 months, 3 weeks ago

Elon Musk sees another big advisory firm come out against his multibillion-dollar pay package

LA Times  

A second shareholder advisory firm has come out against reinstating a pay package for Tesla CEO Elon Musk that was voided earlier this year by a Delaware judge. A second shareholder advisory firm has come out against reinstating a pay package for Tesla Chief Executive Elon Musk that was voided earlier this year by a Delaware judge. ISS said in …

Trump considering Elon Musk for advisory role in second administration
6 months, 3 weeks ago

Trump considering Elon Musk for advisory role in second administration

Salon  

Donald Trump is reportedly considering Elon Musk for an advisory role during a possible second term, deepening the already present ties between a new Trump administration and the nation’s wealthiest business owners. Per The Wall Street Journal, the pair correspond by cell phone multiple times per month and, according to people familiar with their talks, "the role hasn’t been fully …

Group of Tesla shareholders ask investors to vote against Musk’s compensation package
7 months ago

Group of Tesla shareholders ask investors to vote against Musk’s compensation package

Associated Press  

A group of Tesla shareholders is asking investors to vote against a compensation package worth more than $40 billion for CEO Elon Musk, saying that it’s not in the electric vehicle maker’s best interest. The shareholder group, which includes New York City Comptroller Brad Lander, SOC Investment Group and Amalgamated Bank, said in a letter to shareholders that ratification of …

How hard should Tesla fight for Elon Musk’s attention?
7 months ago

How hard should Tesla fight for Elon Musk’s attention?

Live Mint  

As Elon Musk chases a robot future, the Tesla board is trying to pull off its own breakthrough: time travel. That deal—approved by shareholders in 2018—was intended, according to board committee notes, to ensure Musk remained Tesla’s “fully engaged CEO." “His equity stake was also a powerful incentive to avoid allowing Tesla to fall in what Musk might consider to …

Why Elon Musk needs lawyer approval to tweet about his own company Tesla
7 months, 3 weeks ago

Why Elon Musk needs lawyer approval to tweet about his own company Tesla

Hindustan Times  

The Supreme Court on Monday rejected an appeal from Elon Musk over a settlement with securities regulators that requires him to get approval in advance of some social media posts that relate to Tesla, the electric vehicle company he leads. SpaceX, Twitter and electric car maker Tesla CEO Elon Musk reacts as he visits the Vivatech technology startups and innovation …

Tesla shares drop below $150, wiping out a year’s gains — three days days after Musk sacked 14k people
8 months ago

Tesla shares drop below $150, wiping out a year’s gains — three days days after Musk sacked 14k people

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. The price cuts caused used electric vehicle values …

Elon Musk now wants Tesla investors to approve his $56 billion 2018 salary
8 months ago

Elon Musk now wants Tesla investors to approve his $56 billion 2018 salary

Hindustan Times  

Tesla Inc. will have shareholders vote again on its compensation package for Elon Musk after a Delaware court voided the $56 billion award arranged for the chief executive officer in 2018. In its proxy filing issued Wednesday, Tesla also said it will call a vote on moving the company’s state of incorporation to Texas from Delaware. Tesla Chair Robyn Denholm …

Tesla asks shareholders to restore $56B Elon Musk pay package that was voided by Delaware judge
8 months ago

Tesla asks shareholders to restore $56B Elon Musk pay package that was voided by Delaware judge

Associated Press  

DETROIT — Tesla is asking shareholders to restore a $56 billion pay package for CEO Elon Musk that was rejected by a Delaware judge this year, and to shift the company’s corporate home to Texas. Delaware courts, he said, “want the corporations to disclose and let the shareholders decide.” Musk may not see much legal benefit from moving Tesla’s corporate …

‘There is nothing I hate more, but it must be done’: Elon Musk to cut 14,000 jobs from Tesla
8 months, 1 week ago

‘There is nothing I hate more, but it must be done’: Elon Musk to cut 14,000 jobs from Tesla

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Electric vehicle powerhouse Tesla …

Tesla to slash more than 10% of its global workforce
8 months, 1 week ago

Tesla to slash more than 10% of its global workforce

LA Times  

A truck loaded with Tesla cars departs the company’s Fremont manufacturing plant in 2020. Tesla Inc. is laying off more than 10% of its workforce, Chief Executive Elon Musk wrote in an email to staff. “Streamlining is one thing, but the size of this cut is a concern for a company that’s still in growth mode.” Although Tesla moved its …

Tesla $56bn payout that made Elon Musk one of the richest was illegal, not fair to shareholders, rules judge
10 months, 3 weeks ago

Tesla $56bn payout that made Elon Musk one of the richest was illegal, not fair to shareholders, rules judge

Firstpost  

A judge in Delaware, US has invalidated the $55.8 billion pay package granted to Elon Musk by Tesla in 2018. Judge Kathaleen McCormick ruled that the approval of the pay package by the Tesla board was “deeply flawed.” Elon Musk, Tesla’s CEO and a major shareholder took to his platform X to express his disappointment in the judgement, advising against …

Elon Musk pay package from Tesla denied by Delaware judge
10 months, 3 weeks ago

Elon Musk pay package from Tesla denied by Delaware judge

Associated Press  

— Elon Musk is not entitled to a landmark compensation package awarded by Tesla’s board of directors that is potentially worth more than $55 billion, a Delaware judge ruled Tuesday. He later added, “I recommend incorporating in Nevada or Texas if you prefer shareholders to decide matters.” AP AUDIO: Elon Musk cannot keep Tesla pay package worth more than $55 …

Elon Musk’s drug use is the latest headache for Tesla’s board
11 months, 2 weeks ago

Elon Musk’s drug use is the latest headache for Tesla’s board

LA Times  

Tesla’s board is grappling with the risks presented by Elon Musk’s reported recreational drug use — which includes LSD, cocaine, ecstasy and psychedelic mushrooms — and what it means for shareholders. Elon Musk’s reported drug use has Tesla board members facing a familiar quandary: having to decide what, if anything, to do about the chief executive subjecting directors and shareholders …

Elon Musk is ‘distracted’, a ‘top risk’ for Tesla, say investors: Report
1 year, 5 months ago

Elon Musk is ‘distracted’, a ‘top risk’ for Tesla, say investors: Report

Hindustan Times  

Right on cue, Tesla Inc. skeptics are pushing back after this year's sizzling $500 billion rally. Tesla CEO Elon Musk said July 15 that the social media platform he bought for $44 billion last October has lost roughly half of its advertising revenue. Rival automakers pouncing on booming demand for electric vehicles pose the biggest challenge for Tesla over the …

Elon Musk accused of insider trading by investors in Dogecoin lawsuit
1 year, 6 months ago

Elon Musk accused of insider trading by investors in Dogecoin lawsuit

Live Mint  

Tesla Inc CEO Elon Musk is being accused of insider trading by the investors who have brought about a class action lawsuit against the automobile company accusing it of manipulating the cryptocurrency Dogecoin, costing them billions of dollars. The investors have told Manhattan federal court that Elon Musk used micro-blogging site Twitter's posts, paid online influencers, deliberately undertook ‘publicity stunts’ …

Elon Musk's children will not get shares in Twitter or Tesla if they are not fit to manage companies
1 year, 7 months ago

Elon Musk's children will not get shares in Twitter or Tesla if they are not fit to manage companies

India Today  

Twitter CEO Elon Musk does not support the idea of passing down wealth to children who are not deserving of it. According to Musk, executives should not transfer their shares to their children if they lack the interest or inclination to manage the companies. Instead, he believes it is better to hand over the reins to deserving individuals within the …

Musk says he's not stepping down as Tesla CEO, tells shareholders the company will advertise
1 year, 7 months ago

Musk says he's not stepping down as Tesla CEO, tells shareholders the company will advertise

The Hindu  

Elon Musk on May 16 dismissed speculation that he might step down as Tesla's CEO and told the company’s annual shareholders meeting that the electric car and solar panel company would start doing some advertising. “We'll try a little advertising and see how it goes.” Tesla famously has avoided paying for advertising like its competitors, relying a lot on Mr. …

Not stepping down as Tesla CEO, the company will advertise, says Musk
1 year, 7 months ago

Not stepping down as Tesla CEO, the company will advertise, says Musk

Deccan Chronicle  

Austin : Elon Musk on Tuesday dismissed speculation that he might step down as Tesla's CEO and told the company's annual shareholders meeting that the the electric car and solar panel company would start doing some advertising. Tesla famously has avoided paying for advertising like its competitors, relying a lot on Musk's ability to generate free publicity Â- he has …

Elon Musk to ‘personally’ approve future hirings at Tesla
1 year, 7 months ago

Elon Musk to ‘personally’ approve future hirings at Tesla

Hindustan Times  

Tesla Inc CEO Elon Musk has said that the company can make no new hires unless he personally approves them, including contractors, according to a copy of the email seen by Reuters. According to the email, Musk told executives to send him a list of hiring requests on a weekly basis, while also cautioning them to "think carefully" before submitting …

The executive keeping Tesla rolling isn’t Musk
1 year, 7 months ago

The executive keeping Tesla rolling isn’t Musk

Live Mint  

Tesla had been bleeding money for more than a decade when Zach Kirkhorn became finance chief. Mr. Kirkhorn’s technical training, as well as a Harvard Business School M.B.A., provided him tools to advance the company’s goal of selling more cars by lowering production costs and chasing efficiency, former employees said. Tesla board members have discussed Mr. Kirkhorn as a possible …

Tesla CEO Elon Musk Settles Defamation Lawsuit, Agrees To Pay $10,000
1 year, 7 months ago

Tesla CEO Elon Musk Settles Defamation Lawsuit, Agrees To Pay $10,000

ABP News  

Elon Musk has agreed to settle a defamation lawsuit for $10,000 brought by Randeep Hothi, a critic of Tesla, who had accused Musk of making false allegations against him. Hothi confirmed that he had accepted the settlement offer made by Musk, despite Musk's previous tweet in which he stated that he would "never surrender/settle an unjust case" against him. Tesla …

Elon Musk overcommitted, hurting EV maker Tesla, say investors
1 year, 8 months ago

Elon Musk overcommitted, hurting EV maker Tesla, say investors

Hindustan Times  

A group of Tesla Inc. investors has accused the company of mismanagement and is seeking a meeting with its board to discuss the performance of Chief Executive Officer Elon Musk. Read here: MillerKnoll CEO apologises for ‘pity city’ rant at employees The 17 shareholders, who hold more than $1.5 billion of Tesla stock, said Musk is distracted by his commitments …

Explained: What to expect from Tesla and Twitter CEO Elon Musk's documentary!
1 year, 9 months ago

Explained: What to expect from Tesla and Twitter CEO Elon Musk's documentary!

Firstpost  

Oscar-winning filmmaker Alex Gibney is directing a documentary on Elon Musk, the multi-billionaire CEO of Tesla, SpaceX and Twitter. The controversial and toxic side of Musk Elon Musk Musk was appointed as the CEO of Twitter last year and few days after his appointment, there were multiple layoffs in the company. One wrote- “Don’t come here if you value well-being …

Musk didn't defraud investors with 2018 Tesla tweets: jury
1 year, 10 months ago

Musk didn't defraud investors with 2018 Tesla tweets: jury

The Hindu  

A jury on Friday decided Elon Musk didn't defraud investors with his 2018 tweets about electric automaker Tesla in a proposed deal that quickly unravelled and raised questions about whether the billionaire had misled investors. — Elon Musk February 3, 2023 Musk's decision to break away from his other responsibilities to sit in on the closing arguments even though he …

'Elon Musk didn't deceive investors,' says jury over 2018 Tesla tweets
1 year, 10 months ago

'Elon Musk didn't deceive investors,' says jury over 2018 Tesla tweets

Hindustan Times  

A jury on Friday decided Elon Musk didn’t deceive investors with his 2018 tweets about electric automaker Tesla in a proposed deal that quickly unraveled and raised questions about whether the billionaire had misled investors. Nicholas Porritt, an attorney who represented aggrieved Tesla investors, said he was disappointed after urging the jurors in his closing arguments to rebuke Musk for …

Elon Musk's tweet about handling money sparks guessing game; Twitterati assume it refers to Tesla CEO
1 year, 10 months ago

Elon Musk's tweet about handling money sparks guessing game; Twitterati assume it refers to Tesla CEO

India TV News  

Elon Musk is having a difficult time since things are not going well for him. Earlier, Musk made waves on the internet after changing his Twitter name to "Mr. Twitterati went into a frenzy after his name change, wondering if it was someone else and prompting them to check his verification tick, only to discover it was Elon Musk. He …

Elon Musk takes stand for 3rd day in Tesla investors lawsuit
1 year, 10 months ago

Elon Musk takes stand for 3rd day in Tesla investors lawsuit

Hindustan Times  

Elon Musk, Tesla Inc's chief executive, will take the stand on Tuesday morning in San Francisco a day after telling a jury that he had financial support in 2018 to take the electric car maker private, which shareholders allege was a lie. Musk is defending against claims he defrauded investors by tweeting on Aug. 7, 2018, that he had "funding …

Elon Musk defends his tweets about taking Tesla private
1 year, 10 months ago

Elon Musk defends his tweets about taking Tesla private

Deccan Chronicle  

San Francisco: Elon Musk returned to federal court Monday in San Francisco, testifying that he believed he had locked up financial backing to take Tesla private during 2018 meetings with representatives from Saudi Arabia's Public Investment Fund —although no specific funding amount or price was discussed. “My SpaceX shares alone would have meant that funding was secured,” Musk said of …

Musk says he had ‘no ill motive’ with his privatising Tesla tweet
1 year, 11 months ago

Musk says he had ‘no ill motive’ with his privatising Tesla tweet

Al Jazeera  

Billionaire Elon Musk is on trial for fraud claims for his 2018 tweet that he had ‘funding secured’ to privatise Tesla at $420 per share. Elon Musk testified that he had “no ill motive” when he tweeted in 2018 that he had funding lined up to buy out his electric car company Tesla Inc, a claim that some shareholders have …

Elon Musk: Tweets about taking Tesla private weren’t fraud
1 year, 11 months ago

Elon Musk: Tweets about taking Tesla private weren’t fraud

Associated Press  

SAN FRANCISCO — Elon Musk returned to federal court Monday in San Francisco, testifying that he believed he had locked up financial backing to take Tesla private during 2018 meetings with representatives from Saudi Arabia’s Public Investment Fund — although no specific funding amount or price was discussed. Speaking in a soft halting tone, Musk said Monday he “had trouble …

Elon Musk defends 2018 Tesla buyout tweets: Report
1 year, 11 months ago

Elon Musk defends 2018 Tesla buyout tweets: Report

Hindustan Times  

Elon Musk took the witness stand Friday 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. Musk said he cares “a great deal” about investors and also railed against short sellers who make investments that reward them when a company's stock price falls The …

Elon Musk depicted as liar, visionary in Tesla tweet trial
1 year, 11 months ago

Elon Musk depicted as liar, visionary in Tesla tweet trial

Associated Press  

SAN FRANCISCO — Elon Musk was depicted Wednesday as either a liar who callously jeopardized the savings of “regular people” or a well-intentioned visionary as attorneys delivered opening statements at a trial focused on a Tesla buyout that never happened. The tweets indicated that Musk had lined up the financing to take Tesla private at a time when the automaker’s …

Explained: Elon Musk, a 4-year old ‘funding secured’ tweet and then lawsuit
1 year, 11 months ago

Explained: Elon Musk, a 4-year old ‘funding secured’ tweet and then lawsuit

Hindustan Times  

Twitter CEO Elon Musk has been sued over a four-year-old tweet in which he said Tesla shareholder's funding was "secured," CNN reported. In the tweet, Elon Musk had said that he was thinking about making Tesla private at a cost of 420 dollars per share, adding "Funding secured." Elon Musk made the claim after he had spoken to executives of …

Elon Musk's Tesla tweets controversy resurfaces, to face trial in US court
1 year, 11 months ago

Elon Musk's Tesla tweets controversy resurfaces, to face trial in US court

Hindustan Times  

It took only a couple of tweets to plunge Elon Musk into the morass of a securities fraud trial that could cost him billions of dollars from his rapidly diminishing fortune. The Tesla Inc. chief executive officer is set to be the star witness at a jury trial that starts Tuesday in San Francisco federal court over his infamous tweets …

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