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Elon Musk recently cashed another $3.6 Billion in Tesla Stock as he battles mounting Twitter interest payments and a looming economic recession

June 19, 2023 By Peter Leave a Comment

Elon Musk.Susan Walsh/AP According to SEC filings, Elon Musk sold $3.6 billion worth of Tesla stock this week. Elon Musk has cashed in $3.6 billion more of Tesla stock as he faces increasing interest payments and the possibility of a severe recession. According to a Securities and Exchange Commission filing, the CEO of Twitter, SpaceX and Tesla sold 22 million shares in the first three days. … [Read more...]

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Cathie Wood’s ARK Invest snapped up nearly $12,000,000 of Tesla Stock after Musk’s Sell-Off

June 17, 2023 By Peter Leave a Comment

Cathie Wood's Ark Innovation ETF is in decline since 2022. David Swanson/Reuters Cathie Wood's ARK Invest purchased Tesla stock worth nearly $12 million on Wednesday. This follows the sale of shares worth $3.6 billion by Elon Musk, chief executive. The third-largest stock in the firm's portfolio is Tesla. Cathie Wood and ARK Invest seized Tesla stock worth nearly $12 million late Wednesday. The … [Read more...]

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Elon Musk & Bernard Arnault — the world’s two richest people — had the ultimate Power Lunch in Paris on Saturday

June 17, 2023 By Peter Leave a Comment

[TAG0][TAG2] On Friday, the two richest men in the world met at a luncheon to discuss business. Elon Musk, Bernard Arnault and other high-valued guests dined together at the Cheval blanc hotel. Musk's mother, Maye, Arnaults' sons Alexandre et Antoine, as well as Musks' father, Richard, were also present. After the two richest men in the world dined together on … [Read more...]

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Twitter has avoided paying music publishers copyrighted song royalties for years. A $250-million lawsuit might be able to change this.

June 16, 2023 By Peter Leave a Comment

[TAG0][TAG2] Twitter's legal problems continue to grow. A group of music publishing companies filed a lawsuit on Wednesday, alleging "massive copyright infringement". The lawsuit, which could be worth up to $250 million, would involve about 1,700 songs with a maximum of $150,000 per song. Twitter's legal problems continue to escalate. A new lawsuit was … [Read more...]

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The activist investor believes that Elon’s renewed focus is the reason for Tesla stock’s dazzling surge.

June 16, 2023 By Peter Leave a Comment

[TAG0][TAG1] Ross Gerber, an activist investor, said that Elon Musk's increasing role at Tesla is responsible for the massive rally in Tesla's share price. Gerber said to Yahoo Finance, "We have just seen how Elon’s focus can make such a difference." Tesla shares have risen by more than half since Musk announced that he would replace the Twitter CEO. Elon … [Read more...]

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Tesla Model 3 owners get 3 months free Superchargers

June 16, 2023 By Peter Leave a Comment

---------------------------------------------------------------------------------------------------------------------------------------By: Oliver HaslamTitle: New Tesla Model 3 Buyers Get Free Superchargers For Three MonthsSourced From: www.redmondpie.com/new-tesla-model-3-buyers-get-free-superchargers-for-three-months/Published Date: Thu, 15 Jun 2023 15:03:17 +0000 … [Read more...]

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The account of the 14-yearold Elon Musk hired by SpaceX was restricted on LinkedIn because he is too old for it.

June 15, 2023 By Peter Leave a Comment

[TAG0][TAG1] Kairan Quazi, only 14, is the youngest of all. Age was not a barrier for him to land a job at Elon Musk’s SpaceX as a software developer. LinkedIn says, however, that he is still too young to be a member of the professional network platform. Kairan Quazi is just 14 years old. He's the youngest software engineer at Elon Musk’s SpaceX. LinkedIn claims that … [Read more...]

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Twitter will be kicked out after failing to pay rent at its Colorado office for months.

June 15, 2023 By Peter Leave a Comment

[TAG0][TAG1] Twitter has been sued by several landlords who claim that the company has not paid rent for its offices. Reports say that a Colorado Judge has ordered the sheriff to help Twitter get out of town. Elon Musk said that Twitter would only pay rent if he was dead, according to a lawsuit. Denver Business Journal reports that Twitter has been kicked out of their … [Read more...]

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Jack Dorsey, Twitter’s CEO, said that India raided employees’ homes after Twitter refused to close down accounts for the Government

June 14, 2023 By Peter Leave a Comment

[TAG0][TAG1] Jack Dorsey claimed that India raided the homes of Twitter workers after the company refused ban certain accounts. Dorsey claimed that India, the largest democracy in the world, has also threatened to shut down Twitter. Since then, India's minister of information technology has called Dorsey’s claim an "outright Lie." Jack Dorsey, co-founder of … [Read more...]

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Germany has strongly criticised Elon Musk’s Twitter after it suspended journalists. They say that free press cannot be turned on or off at will.

June 11, 2023 By Peter Leave a Comment

Concerns were raised about the government account's potential dangers to free press. Photo illustration by Jonathan Raa/NurPhoto via Getty Images Twitter was warned by the German Foreign Office about suspending journalist accounts. According to the German Foreign Office, it is problematic that certain journalists were suspended from the platform. Twitter suspended accounts of several … [Read more...]

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