Elon Musk’s empire on a roll: Tesla reaps record profits as The Boring Company raises £515m April 21, 2022 Elon Musk’s empire seems to be on a roll, as Tesla wins the hearts of drivers looking to go green and his infrastructure business The Boring Company catches the eyes of investors. The Boring Company has raised $675m (£516m) in its latest funding round, Musk announced today, bringing the valuation to $5.7bn. The series C [...]
Tesla: Workers in Shanghai must sleep on factory floor as China restarts production in 600 companies amid draconian Covid measures April 19, 2022 Shanghai’s Tesla factory workers have to sleep on the floor of the factory, as Elon Musk’s company restarts production and China continues a draconian covid policy. With hundreds of firms restarting operations across China, workers have to abide by a strict policy of living on site, in line with the country’s ‘closed loop’ restrictions, according [...]
Twitter takes ‘poison pill’ as board battles to thwart Musk takeover April 16, 2022 Twitter has adopted a ‘poison pill’ tactic in order to obstruct Elon Musk’s plans to take over the social media company. Twitter’s board unanimously approved a limited-duration shareholder rights plan on Friday. The so-called ‘poison pill’ would allow existing shareholders to buy stocks at a substantial discount to dilute the holdings of new investors. In [...]
Elon Musk launches full $41bn Twitter takeover: ‘It has extraordinary potential – I will unlock it’ April 14, 2022 Elon Musk has offered to buy Twitter for $54.20 per share this morning as the drama surrounding the social media giant continues. According to regulatory filing, this price represents a 38 per cent premium to the closing price of Twitter’s stock on April 1, the day before the billionaire became the largest shareholder of the [...]
Musk sued for not making Twitter stake increase public April 13, 2022 Elon Musk is being sued because he didn’t make public he had bought a major stake in Twitter. The Tesla and SpaceX billionaire, who recently became the largest shareholder in the social media giant, is facing action from investors in a New York federal court. This comes after Musk bought 9.2 per cent in Twitter [...]
Hostile Twitter takeover rumours grow as Elon Musk boasts he can grow stake ‘at any time’ April 12, 2022 The richest man in the world, Elon Musk, has fuelled rumours he will attempt a hostile takeover of Twitter, after saying he can boost his stake in the site “at any time”. The billionaire entrepreneur who runs Tesla and Space X became the social media giant’s main shareholder last week, but rejected an invitation to [...]
Elon Musk turns down Twitter board after asking 80m followers: ‘Is it dying?’ April 11, 2022 Elon Musk, the man behind Tesla and SpaceX, has turned down a spot on Twitter’s board, after being revealed as the platform’s majority shareholder. New Twitter CEO Parag Agrawal confirmed this morning: “Elon has decided not to join our board. “I believe this is for the best.” Musk was due to step onto the board [...]
Tesla boss Elon Musk builds largest and ‘most advanced car factory’ on Earth April 8, 2022 Tesla boss Elon Musk claims to have built the largest factory in the world by volume, at its grand opening last night. The billionaire tech entrepreneur’s Giga Texas Tesla factory, 338m cubic feet in volume, is also hoped to be the biggest battery cell facility in the world “over time”. Speaking at the Cyber Rodeo [...]
Twitter confirms edit button in the works as Musk effect kicks in April 6, 2022 Twitter is already feeling the Elon Musk effect after confirming that it was working on a new edit button for its users. The new feature will allow Twitter goers to change their tweets once they have been posted, enabling typo fixes and changes without losing likes or retweets. The platform’s premium subscription service Twitter Blue [...]
Does Twitter need an edit button? Major shareholder Musk polls 80m followers April 5, 2022 Elon Musk has polled Twitter users to ask if they want an edit button, after the billionaire entrepreneur was revealed to be platform’s largest shareholder yesterday. Based on Friday’s market close, the stake is worth some $2.89bn (£2.2bn), though just a fraction of Musk’s net worth of $233bn (£178bn). Musk, the man behind Tesla and [...]