Rivian sold Wall Street on an electric SUV. Then reality hit.
Rivian, the start-up maker of battery-powered SUVs and trucks with prices starting at around $80,000, was billed as the next Tesla and is backed by Amazon and Ford. Then it ran into supply chain disruptions, production delays and a recall.washingtonpost.com
Elon Musk tweets that $44B Twitter deal is ‘temporarily on hold’
LONDON (AP) — Elon Musk said Friday that his planned $44 billion purchase of Twitter is “temporarily on hold” pending details on spam and fake accounts on the social media platform. The announcement that the Tesla billionaire tweeted is another twist amid signs of internal turmoil over his planned buyout of Twitter, including that the social media company fired two of its top managers Thursday. It wasn’t clear whether the fake account issue could scuttle the Twitter deal. Stock in both Twitter and Tesla swung sharply in opposite directions, with Twitter’s stock tumbling 18% and Tesla, which Musk had proposed using to help fund the Twitter deal, jumped 5%. Twitter said Thursday that the company is pausing most hiring and except for business critical roles.mlive.com
The Electric Ford F-150 Lightning Is The Best Version Of America’s Best-Selling Truck
The Ford F-150 Lightning may be the best pickup truck the company has ever made. All it took was making it completely electric, something that, not long ago, might have seemed off-brand for a traditional truck company like Ford.detroit.cbslocal.com
Manganese Battery Expert Martin Kepman Explains Lithium-Ion Battery Technology & How Manganese Will Play an Important Role!
Upcoming Lithium-Ion Battery Technology Can Recharge in One Minute, Increasing Demand for Lithium, Manganese, and Other EV Materials Essential For all Future Lithium-ion Battery Chemistries....metrotimes.com
Depp's agent: Op-ed was 'catastrophic' to career
Johnny Depp’s agent says ex-wife Amber Heard's 2018 op-ed piece describing herself as a victim of domestic abuse was “catastrophic” to his career and coincided with the loss of a $23 million deal for a “Pirates of the Caribbean” sequel. (May 2)news.yahoo.com
Musk sells $4B in Tesla shares, presumably for Twitter deal
Elon Musk has sold 4.4 million shares of Tesla stock worth roughly $4 billion, most likely to help fund his purchase of Twitter. The world’s richest man, who is the CEO of Tesla, tweeted that he doesn't plan any further sales of the company's shares. Most of the sales took place on Tuesday, when Tesla shares closed down 12%, a huge single-day drop.news.yahoo.com
Musk breaks silence on Biden disinformation board formation after Twitter buyout: 'Discomforting'
Tesla CEO Elon Musk appeared to react negatively on Twitter in response to the Biden administration’s establishment of a 'Disinformation Governance Board' to combat online disinformation just days after Musk’s deal to buy Twitter.news.yahoo.com
Elon Musk prevails in Delaware court case on SolarCity deal
A Delaware court sided with Tesla CEO Elon Musk in a bitter legal battle over whether he acted against the best interest of other shareholders when he steered the electric car maker into a $2.6 billion acquisition of a solar panel maker founded by two of his cousins.
Elon Musk quest to scrap deal over 2018 tweets is rejected
Elon Musk’s request to scrap a settlement with securities regulators over 2018 tweets claiming he had the funding to take Tesla private was denied by a federal judge in New York. Judge Lewis Liman on Wednesday also denied a motion to nullify subpoenas of Musk seeking information about possible violations of his settlement with the Securities and Exchange Commission. Musk had asked the court to throw out the settlement, which required that his tweets be approved by a Tesla attorney.news.yahoo.com
Elon Musk to buy Twitter for $44B and take it private
Elon Musk reached an agreement to buy Twitter for roughly $44 billion on Monday, promising a more lenient touch to policing content on the platform where he promotes his interests, attacks critics and opines on a wide range of issues to more than 83 million followers.
Twitter says it's testing an 'edit' button
Twitter tweeted Tuesday that it is indeed working on a way for users to edit their 280-character messages, although it says the project has nothing to do with the fact that edit-function fan Elon Musk was just revealed as the company’s largest shareholder and now sits on its board.
Tesla fans complain Biden ignores company's EV leadership
Some of Tesla’s loyal band of devotees and CEO Elon Musk say the White House has been unfairly snubbing America’s top-selling electric vehicle brand in its support for EVs as a way to help fight climate change — and they’re making their discontent known.