Category Archives: Elon Musk

Elon Musk declares Twitter ‘moderation council’ – as some push the platform’s limits

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Conservative users began recirculating conspiracy theories as others voiced concerns over allowing hate speech and disinformation

Among the most urgent questions facing Twitter in its new era as a private company under Elon Musk, a self-declared “free speech absolutist”, is how the platform will handle moderation.

After finalizing his takeover and ousting senior leadership, Musk declared on Friday that he would be forming a new “content moderation council” that would bring together “diverse views” on the issue.

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Twitter takeover: fears raised over disinformation and hate speech

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EU commissioner says Elon Musk’s platform must ‘fly by our rules’ as UK minister raises concerns over content moderation

Elon Musk’s Twitter acquisition has been polarizing, sparking reactions from politicians, regulators and non-profits across different continents.

Some have expressed concerns about potential changes to Twitter’s content moderation policies now that it’s in the hands of the Tesla billionaire, while others celebrated how they expect the platform’s newly minted leader will handle content and speech on Twitter.

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Elon Musk makes splashy visit to Twitter headquarters carrying sink

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Tesla CEO changes his profile to ‘Chief Twit’ as Friday deadline to finalize his takeover deal nears

Elon Musk paid a visit to Twitter’s headquarters ahead of an end-of-week deadline to close his deal to buy the company, posting a video of himself in the company’s San Francisco lobby carrying a sink.

“Entering Twitter HQ - let that sink in!” he tweeted on Wednesday.

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Tesla misses quarterly revenue expectations amid fears of slowing demand

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Company posts $3.3bn in net income and $21.45bn in revenue as vehicle production outstrips delivery

Tesla’s third-quarter revenue fell short of Wall Street expectations on Wednesday, prompting its stock price to drop more than 4% after markets closed.

The company posted $3.3bn in profit and $21.45bn in revenue. The results come two weeks after the electric carmaker said it produced 22,000 more vehicles than it delivered, signaling to some analysts that the company was not able to maintain demand.

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Elon Musk says SpaceX will keep funding Starlink internet in Ukraine

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World’s richest man’s company previously said it could not pay for satellite internet in country indefinitely

Elon Musk on Saturday announced that his company would continue to pay for Starlink satellite internet in Ukraine, a day after suggesting he could not keep funding the project, which he said was losing around $20m a month.

“The hell with it,” the world’s richest man wrote on Twitter. “Even though Starlink is still losing money & other companies are getting billions of taxpayer $, we’ll just keep funding Ukraine govt for free.”

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Elon Musk’s SpaceX says it can no longer fund Starlink internet in Ukraine

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Firm reportedly asks US government to pick up bill as relationship between Musk and Kyiv breaks down

Elon Musk’s SpaceX has said it cannot afford to continue to donate satellite internet to Ukraine and has asked the US government to pick up the bill, according to a report, as the relationship between the billionaire and Kyiv breaks down.

“We are not in a position to further donate terminals to Ukraine, or fund the existing terminals for an indefinite period of time,” SpaceX’s director of government sales wrote, in a letter seen by CNN.

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Elon Musk denies report he spoke to Putin about use of nuclear weapons

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Tesla boss, who recently floated his own peace plan, rejects claim he talked to Russian president about the war in Ukraine

Elon Musk has denied a report that he spoke to Vladimir Putin, including about the potential for using nuclear weapons, before floating a peace plan that suggested that Ukraine cede territory to Russia.

The head of the Eurasia Group political risk consultancy, who made the original claim, had insisted that his source was Musk himself. “Elon Musk told me he had spoken with Putin and the Kremlin directly about Ukraine,” Ian Bremmer said in a tweet after Musk’s tweeted denial. “He also told me what the kremlin’s red lines were.

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Banks stand to lose at least $500m if they fund Elon Musk’s Twitter takeover

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Morgan Stanley and six others committed in April to raise $13bn in debt to finance the purchase – before a deterioration in credit markets

Several large US and international banks would lose $500m or more if they proceed with obligations to fund Elon Musk’s $44bn takeover of Twitter, according to a report on Saturday.

The banks, led by Morgan Stanley and six others, including Barclays and Bank of America, committed six months ago to raise $13bn in debt to finance Musk’s purchase – an agreement that does not hinge on whether they are able to sell the debt on to investors.

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Zelenskiy hits back as Elon Musk sets up Twitter poll on annexed areas of Ukraine

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Outrage and condemnation over billionaire’s suggestions including formally making Crimea part of Russia

Elon Musk has prompted an online row with Ukraine’s president after he asked Twitter users to weigh in on his ideas to end Russia’s war.

In a tweet, Musk suggested UN-supervised elections in four occupied regions that Moscow has falsely annexed after what it called referendums. The votes were denounced by Kyiv and western governments as illegal and coercive. “Russia leaves if that is will of the people,” Musk wrote.

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Elon Musk to showcase humanoid ‘Optimus’ robot at Tesla’s AI Day

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CEO also expected to discuss self-driving technology and high-speed computer at Friday event

Elon Musk has said a robot business will be worth more than Tesla’s cars, and on Friday investors, customers and potential workers expect to see a prototype at Tesla’s “AI Day” that could prove whether the bot named “Optimus” is ready for work.

The robot will be the star of the AI show, but Musk is also expected to discuss Tesla’s long-delayed self-driving technology. In May, the CEO said that the world’s most valuable carmaker would be “worth basically zero” without achieving full self-driving capability, and it faces growing regulatory investigations, as well as technological hurdles.

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Elon Musk deposition in Twitter fight rescheduled for first week of October

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Musk to be questioned under oath by Twitter lawyers on 6 and 7 October in preparation for trial over abandoned $44bn takeover

Elon Musk is scheduled to be questioned under oath by Twitter lawyers next month as the social media company prepares for a trial over the billionaire’s bid to walk away from a $44bn takeover, according to a Tuesday court filing.

Musk’s deposition was originally scheduled for this week but sources close to the litigation said on Monday that the timing of the interview was always subject to change given the fast-tracked nature of the litigation. He is scheduled to be questioned on 6 and 7 October.

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Elon Musk to face deposition by Twitter lawyers ahead of trial

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Attorneys are expected to use the interview to try to show that Musk abandoned the deal due to falling financial markets

Elon Musk is scheduled to spend the next few days with lawyers for Twitter, answering questions ahead of an October trial that will determine whether he must follow through on his $44bn agreement to acquire the social platform after attempting to back out of the deal.

The deposition, planned for Monday, Tuesday and a possible extension on Wednesday, will not be public. As of Sunday evening, it was not clear whether Musk would appear in person or by video. Reuters reported the deposition did not happen Monday nor was a reason given for the delay, citing sources with knowledge of the situation.

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Fireball seen over UK confirmed as meteor after day of confusion

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Experts revise initial assumption that sighting was space junk linked to Elon Musk’s satellite programme

A fireball seen over many parts of the northern UK has been confirmed as a meteor after a day of confusion about its identity.

The fireball was visible above northern England, Northern Ireland and Scotland as it blazed across the clear night sky just after 10pm on Wednesday night.

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Elon Musk demands Twitter trial delay over whistleblower concerns

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Twitter counters that Musk is using new claims to cover up buyer’s remorse as trial over broken deal set to begin next month

A trial over Elon Musk’s bid to end his $44bn deal for Twitter should be delayed by several weeks to allow him to investigate a whistleblower’s claims about security on the social media platform, Musk’s lawyer told a judge on Tuesday.

“Doesn’t justice demand a few weeks to look into this?” said Musk’s lawyer, Alex Spiro, at a hearing in Wilmington, Delaware.

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Judge orders Twitter to turn over to Elon Musk data from 2021 users audit

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The company had said the information did not exist, but it sampled 9,000 users in order to estimate the number of spam accounts

Elon Musk may get access to Twitter data used in a 2021 audit of active users but other information the billionaire seeks in a bid to end his $44bn deal to buy the company were rejected as “absurdly broad”, a judge said on Thursday.

Twitter must turn over data from the 9,000 accounts sampled in the fourth quarter as part of its process to estimate the number of spam accounts.

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Musk accuses Twitter of deliberately miscounting spam users in countersuit

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Tesla chief says social media company miscounted accounts as part of a ‘scheme’ to mislead investors

Elon Musk has accused Twitter of deliberately miscounting the number of spam accounts on its platform as part of a “scheme” to mislead investors.

The Tesla chief executive made the allegations in a countersuit against the social media company, which is taking Musk to court in an attempt to make him complete an agreed $44bn (£36.5bn) takeover of the business.

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Twitter rejects Musk’s claims that he was hoodwinked

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Twitter rebuts billionaire’s lawsuit and his arguments for abandoning the takeover as legal standoff heats up

Twitter has rejected Elon Musk’s claims in court that he had legitimate reasons to back out of a $44bn deal to purchase the social media platform, marking the latest development in a dramatic legal showdown.

In a filing made public on Thursday, Twitter called Musk’s arguments for abandoning the deal “a story, imagined in an effort to escape a merger agreement that Musk no longer found attractive once the stock market and along with it, his massive personal wealth, declined in value”.

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Musk’s lawyers subpoena big banks for records on Twitter deal

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Billionaire seeks material on how JPMorgan and Goldman Sachs advised platform during negotiations

Lawyers for Elon Musk have subpoenaed JPMorgan Chase and Goldman Sachs for records relating to the billionaire’s plan to purchase Twitter.

Musk has requested the banks turn over “documents and communications” relating to how they advised Twitter during negotiations, which Musk abruptly backed out of last month after offering to purchase the website for $44bn in April, Bloomberg reported on Wednesday.

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Elon Musk denies reported affair with wife of Google co-founder

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Tesla chief rejects Wall Street Journal claims he had affair with Nicole Shanahan

Elon Musk has denied a Wall Street Journal report claiming he had an affair with Nicole Shanahan, the wife of the Google co-founder Sergey Brin, accusing the outlet of running “hit pieces” on him and Tesla.

The chief executive of the electric carmaker tweeted on Monday rejecting the claim that he had an affair with Shanahan as “total BS”, adding that he and Brin were still friends.

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Mexico gives Tesla a dedicated lane at the border to speed up crossing into the US

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The exclusive lane, at the remote checkpoint just north of Laredo, Texas, will be for suppliers only, not Tesla owners

Tesla has reportedly gained an exclusive lane at a remote US-Mexico border crossing after Elon Musk recently struck a deal with the “pro-business” state of Nuevo León.

The electric car company’s suppliers traveling from Mexico into Texas can use a dedicated lane to speed up their crossing at the Colombia Solidarity site, Bloomberg reported, a less popular checkpoint just north of Laredo. Tesla relies on at least six suppliers in Nuevo León, which borders the US for about 10 miles and is closer to the car company’s new headquarters in Austin. The lane is for suppliers only, not Tesla owners.

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