Elon Musk

Illustration: Aïda Amer/Axios If Elon Musk does indeed end up buying Twitter for $54.20 per share, as he's contractually obliged to and as he now claims to want to, the big winners will be Twitter's shareholders. There will also be a large number of losers. Why it matters: Twitter is…

Tesla CEO and part-time crypto memelord, Elon Musk, has sent a letter to Twitter through his lawyers indicating he is now willing to purchase the company for the originally agreed price of $US44 billion, or US$54.20 per share. The letter was also filed with the SEC.  This surprising move comes…

Elon Musk on Tuesday offered to push through with his buyout of Twitter at the original agreed price, as a trial over his efforts to withdraw from the deal loomed.  The world’s richest man said in a filing with the Securities and Exchange Commission that he sent Twitter a letter…

4.34PM – Oct 5, 2022 That’s a wrapThat’s a wrap for Need to Know this Wednesday, October 10. Here are some of today’s headlines so far: Labor splits over the future of income tax cuts: Sharp divisions have emerged inside the Albanese government over the future of the stage three…

“Jolts coming in lower than expected points to a weakening labor market,” said Thomas Hayes, chairman and managing member of New York-based Great Hill Capital. “If confirmed by the jobs report on Friday it could give Fed cover to slow down its tightening.” The Nasdaq led Wall Street higher, powered…

SAN FRANCISCO, Oct 4 (Reuters) - As recently as July, Tesla (TSLA.O) Chief Executive Elon Musk said the electric-car maker did not have a problem with customer demand, simply a problem making and shipping all the Model Ys and Model 3s consumers were ready to buy. That may no longer…

Illustration: Aïda Amer/Axios Elon Musk may be forced by a court to go through with his purchase of Twitter, raising questions about how his approach to risk-taking in business might play out on the platform. Why it matters: Musk's high tolerance for risk at his companies, including Tesla and SpaceX,…

Tesla and SpaceX CEO Elon Musk delved into geopolitics on Oct. 3, presenting a four-part proposal on Twitter to facilitate peace in the Ukraine–Russia military conflict and polled his followers on the social media platform for their thoughts. The first step in Musk’s concept is to “redo elections of annexed regions under UN supervision.”…

Topline Billionaire Elon Musk has agreed to follow through with a deal to buy Twitter at the original price, the company disclosed Tuesday, causing Twitter shares to skyrocket and possibly ending a seven-month legal saga just two weeks before the world’s wealthiest man and the social media company were set…

Twitter wants a Delaware court to order Elon Musk to buy the social media service for $44 billion, as he promised back in April. But what if a judge makes that ruling and Musk balks? The Tesla billionaire’s reputation for dismissing government pronouncements has some worried that he might flout…