• Elon Musk's $44 billion Twitter deal gets board endorsement

    14 days ago - By Chron

    NEW YORK - Twitter's board has recommended unanimously that shareholders approve the proposed $44 billion sale of the company to billionaire and Tesla CEO Elon Musk, according to a regulatory filing Tuesday.
    Musk reiterated his desire to move forward with the acquisition last week during a virtual meeting with Twitter employees, though shares of Twitter remain far below his offering price, signaling considerable doubt that it will happen.
    Shares rose about 3% to $38.98 before the opening bell Tuesday, far short of the $54.20 per-share that Musk has offered for each share. The company's...
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  • Elon Musk said he's 'undecided' on how he'll vote in the next presidential election and dodged a question on whether he'd back Trump

    14 days ago - By Business Insider

    Tesla and SpaceX CEO Elon Musk and former President Donald Trump. AP Photo/Alex Brandon
    Elon Musk was asked whether he'd vote for Donald Trump if Trump ran for president again.
    Musk said he's "undecided" on how he'll vote in the 2024 presidential election.
    Musk has declared he will now vote Republican, saying he voted for the GOP in a recent special election.
    Elon Musk hasn't decided how he's going to vote in the next presidential election, including if Donald Trump stands for president again in 2024. Musk appeared at the Qatar Economic Forum via video call on Tuesday to be interviewed by...
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  • 2 former Tesla employees have filed a lawsuit against the company claiming its mass layoffs violated federal law

    14 days ago - By Business Insider

    Tesla CEO Elon Musk. Maja Hitij/Getty Images
    Two former Tesla employees have filed a lawsuit against Tesla, claiming its mass layoffs violated federal law.
    In early June, CEO Elon Musk said Tesla needed to cut 10% of its staff, per Reuters.
    The two former employees are looking to claim 60 days' worth of pay and benefits.
    In a lawsuit filed Sunday, two former Tesla employees claim the electric carmaker violated federal law by laying off hundreds of employees on short notice. On June 2, Tesla CEO Elon Musk sent an internal email to executives saying he had a "super bad feeling" about the...
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