A San Francisco jury deliberated for less than two hours before finding Tesla billionaire Elon Musk not liable in a class action securities fraud lawsuit bought by investors of the car company, CNBC reported. The trial stemmed from a 2018 tweet in which Musk claimed he had “funding secured” to …
Read More »
Tesla’s stock price plummeted to $110.55 on Tuesday, its lowest price since September 2020, and the drop in shareholder value could represent the company’s worst performance since its debut on public markets. Despite the value of Tesla’s stock reaching a 52-week peak of $402.67 in March, the 9-month decline has …
Read More »
Elon Musk’s flagship company Tesla’s stock hit a new two-year low of $150.04 on Friday morning, prompting renewed concerns that the billionaire’s recent acquisition and chaotic management of Twitter is crumbling the bedrock of his financial empire. The stock dive took place the morning after Musk booted several prominent journalists …
Read More »
Elon Musk sold around $3.6 billion worth of shares of his flagship company Tesla this week, despite reassuring investors in April that he had “no further TSLA sales planned” after he secured the funds to acquire Twitter in a $44 billion deal. The sale was revealed in an SEC filing …
Read More »
Elon Musk’s medical device company Neuralink is facing federal investigation for potentially abusing animals in its attempt to develop a brain implant for humans, according to a report from Reuters. Musk, whose year was marked by a series of company crises, including a severe devaluation of Tesla’s stock and his …
Read More »
Stephen Colbert offered Elon Musk some advice after the billionaire’s 2022 wealth loss exceeded $100 billion following several Twitter and business mishaps. As shares of Tesla Inc. dropped to the lowest level in two years, Colbert announced the troubling news on last night’s episode of The Late Show: “After a …
Read More »
C orporate culture comes from the top in America. At least that’s the platonic ideal. How a company sets its global image, how it treats its employees, what it values — that all starts in the so-called C-suite. In some companies, that ethos can be found in a single man …
Read More »