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“Elon Musk broke the law when buying Twitter shares: experts” Tesla CEO Elon Musk appears to have violated federal law by not notifying the SEC that he was buying up shares of Twitter, according to a report. SEC regulations required Musk to notify the market when his stake in the social media company had surpassed…
“Elon Musk’s Twitter buy ‘good for America’” “Big Short” investor Michael Burry touted Elon Musk’s purchase of a sizable stake in Twitter as a net positive for the US – putting aside his occasionally frosty relationship with Tesla’s billionaire CEO. Burry rose to national prominence after his bet against the subprime mortgage crisis was chronicled…
“Tesla car deliveries surging despite industrywide chip shortage” Tesla delivered 310,000 vehicles in the first quarter, up roughly 68% from the same period in 2021, the company said Saturday — an impressive feat considering other automakers have reported declines in sales due to an ongoing shortage of computer chips. Elon Musk’s electric car maker failed…
“Elon Musk buys 9% stake in Twitter — days after criticizing it” Elon Musk is taking a 9.2% stake in Twitter just days after Tesla’s billionaire CEO criticized the social network for stifling free speech and publicly mused about creating a rival platform. An SEC filing revealed on Monday that Musk — the world’s richest…
” ‘Hold my beer’ — Terra already up $165M from buying Bitcoin as BTC stash nears Tesla “ Bitcoin (BTC) has already netted its biggest new buyer almost $200 million in profit from price increases, data suggests. Analysis of the wallet related to Blockchain protocol Terra reveals that since it began amassing BTC in Q1…
“Tesla signs secret nickel supply deal with Brazil’s Vale: report” Tesla has signed an undisclosed deal with Brazilian mining company Vale for the supply of nickel to the electric car maker, Bloomberg News reported on Wednesday, citing sources. The price of nickel, which is essential to making batteries for electric vehicles, had been rising steadily…
“Elon Musk slams UAW over embezzlement scheme” Elon Musk reiterated his view that Tesla employees are better off without union representation after a former United Auto Workers official pleaded guilty to siphoning more than $2 million from the leading union. Timothy Edmunds, the former financial secretary-treasurer of one of the UAW’s Detroit-area branches, copped to…
“Tesla, SpaceX may have ‘died’ if wealth tax existed in 2008” Elon Musk has slammed the White House’s plan to impose a “billionaires’ tax” on the wealthiest Americans – claiming that his companies likely wouldn’t have survived if the levy had been in place following the 2008 financial crisis. The so-called “Billionaire Minimum Income Tax”…
” Terra smash buys $139M Bitcoin, wallet reaches 31,000 BTC “ Watch out Michael Saylor! Do Kwon, the CEO of Terraform Labs is hot on the Microstrategy CEO’s heels. The Terra wallet has now amassed almost $1.5 billion in Bitcoin (BTC) following another huge BTC purchase. The wallet address thought to belong to Terra (while…
“Elon Musk likens himself to Eminem in legal battle with SEC” Elon Musk compared himself to the foul-mouthed rapper Eminem in a court filing, alleging that the Securities and Exchange Commission is running roughshod over his First Amendment rights as it clamps down on his Twitter habit. The billionaire Tesla CEO’s Tuesday legal salvo cites…