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The Latest Breaking News from Elon Musk

Morning Brief: Top Financial Stories Dominating on Friday, May 27

CNBC

Benzinga

Twitter Has Incentive To Turn Blind Eye To Fake Accounts, Says LunarCrush CEO As Overall Crypto Spam Rises 4000%

Joe Vezzani, the CEO of crypto social intelligence firm LunarCrush, believes that Twitter (NYSE: TWTR) has a “direct incentive” to turn a blind eye to fake accounts on its platform.

Benzinga

Elon Musk’s Starlink gets nod to provide internet in Philippines

Elon Musk’s Starlink has been authorised to provide satellite internet services in the Philippines, paving the way for the SpaceX unit’s expansion to Southeast Asia. Shares of possible partners rose.

Bangkok Post

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Twitter Shareholder Lawsuit Accuses Musk of 'Market Manipulation'

Elon Musk faces a lawsuit accusing him of pushing down Twitter's stock price in order to either give himself an escape hatch from his $44 billion buyout bid, or room to negotiate a discount. The suit alleges the billionaire Tesla boss tweeted and made statements intended to create doubt about…

Asharq Al-Awsat

Elon Musk And Twitter Both Sued By Shareholders Over 'Chaotic Deal'

Tesla Inc (NASDAQ: TSLA) CEO Elon Musk and Twitter Inc (NYSE: TWTR) are being sued by the microblogging company’s shareholders over an ongoing chaotic $44 billion t

Benzinga

Elon Musk Wishes Jack Dorsey Stayed On Twitter Board, But That Horse Has Already Bolted

When Tesla Inc (NASDAQ: TSLA) CEO Elon Musk, who is attempting to take over Twitter Inc (NYSE: TWTR), noted that the company’s founder Jack Dorsey had quit the social media firm&rsq

Benzinga

'Politicians Or Billionaires:' Elon Musk Asks Twitter Users Who They Trust Less

Tesla Inc (NASDAQ: TSLA) CEO Elon Musk on Thursday started a new poll on the microblogging site Twitter Inc (NYSE: TWTR), a platform he has bid to take private in a $44 billion deal or le

Benzinga

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Elon Musk sued by Twitter investors for 'market manipulation', ASX follows Wall Street higher

Australian shares follow a strong lead from Wall Street, Twitter shareholders have sued billionaire Elon Musk for allegedly trying to manipulate the company's share price, while Telstra pays $11 million in compensation for breaching telco industry rules.

ABC News

If You Invested $1,000 In Tesla Stock When Elon Musk Was Sued By The SEC In 2018, Here's How Much You'd Have Right Now

Investors who placed their hard-earned cash into major U.S. indices have enjoyed respectable returns since fall 2018. The S&P 500, Nasdaq-100 and Dow Jones Industrial Average have returned 46.09%, 74.50% and 30.23% respectively.

Benzinga

Twitter shareholders sue Musk, say he 'deflated' stock price

Twitter shareholders have filed a lawsuit against billionaire Elon Musk, accusing him of unlawfully sowing doubt about his bid to buy Twitter

The Independent UK

What's Going On With Tesla Shares?

Tesla Inc (NASDAQ: TSLA) shares are trading higher Thursday — what's going on?

Benzinga

Elon Musk risks MAGA ire by calling for gun control

Musk says ‘right to bear arms is an important safeguard against potential tyranny of government’

The Independent UK

Why Elon Musk Says He's Concerned Twitter May Have More Skeletons In The Closet

Elon Musk continues to remain skeptical of Twitter, Inc. (NYSE: TWTR) integrity. The Tesla CEO also appears to subscribe to idea of Twitter changing its business model to overcome its challenges.

Benzinga

Tesla's Megapacks are ready to power Block's sustainable bitcoin rig

Block, Blockstream, and Tesla are teaming up to experiment with the world's first truly carbon-neutral cryptocurrency-mining facility.

Input

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Benzinga

Why Twitter Stock Is Trading Higher Today

Twitter Inc (NYSE: TWTR) shares are trading higher Thursday after a filing with the U.S.

The Independent UK

AOC wants to dump her Tesla following Twitter spat with Elon Musk

‘He’s a billionaire. I could care less what he thinks,’ says Democrat

Benzinga

Tesla Stock Gets Another Price Target Cut — This Time From Jefferies

Tesla, Inc.

Benzinga

Elon Musk Says Earth Is 'Basically Empty' And City Folks Are Just Living In Illusion

Tesla Inc (NASDAQ: TSLA) CEO Elon Musk expanded on his previous commentary on the human population on Wednesday. What Happened: Musk said on Twitter that “[Humans] are absurdly concentrated on a tiny percentage of Earth’s surface.”

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Benzinga

Cathie Wood's Ark Invest Adds Tesla Stock For Third Time This Week

Cathie Wood-led Ark Invest added more Tesla Inc (NASDAQ: TSLA) stock to its portfolio on Wednesday, raising its exposure to the electric vehicle maker for the third time in a row this week.

The Independent UK

Twitter shareholders delay voting on Elon Musk’s $44bn takeover

Twitter’s regularly scheduled shareholder meeting Wednesday won’t include a vote on Tesla billionaire Elon Musk’s $44 billion bid for the social platform

Asharq Al-Awsat

Filing Says Elon Musk to Borrow Less in Twitter Bid

Elon Musk notified US regulators on Wednesday that he will rely less on loans in his bid to buy Twitter, as he and partners put $33.5 billion into the deal. Twitter shares climbed more than 5 percent on the news, as the market evidently took it as a sign the…

ABC News

Who is helping Elon Musk fund his $61.4 billion takeover of Twitter?

The Tesla CEO announces he's putting more of his own money into purchasing the social media giant — but he's not alone in footing the mammoth bill. Here's who else is helping fund his takeover.

Dynamite News

Former CEO Jack Dorsey steps down from Twitter board amid Elon Musk deal

Former Chief Executive Officer Jack Dorsey has stepped down from the Twitter board of directors. Read more on Dynamite News:

Businessweek

The Tech Rout Isn’t Just Cyclical—It’s Well-Earned, and Overdue

The market collapse isn’t just the inevitable result of macroeconomic forces like high interest rates and inflation. It’s also the best opportunity in more than a decade to reckon with the tech industry’s excess.

Benzinga

Elon Musk's Starlink Now Has Over 400,000 Global Users

Tesla Inc (NASDAQ: TSLA) CEO Elon Musk-owned SpaceX’s high speed, satellite-based internet service Starlink now has over 400,000 subscribers globally, CNBC

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