Elon Musk is officially trying to pull the plug on the $44 billion deal to buy Twitter. In an SEC filing, Musk’s lawyers said the Tesla CEO wishes to terminate the agreement because of “false and misleading representations” made by Twitter. In a statement, Twitter’s Board of Directors said it still “intends to close the… Continue reading Elon Musk is officially trying to kill his Twitter takeover
Tag: Tesla
Lightyear 0
The 0’s astounding efficiency comes from many places: the aerodynamic efficiency for one but also the extremely narrow tyres and the unique electric motor design. Rather than use inboard motors, like all makers of road-going EVs have done to date, Lightyear has co-developed an in-wheel motor with Slovakian supplier TK. Along with a thin disc… Continue reading Lightyear 0
Twitter vows legal fight after Musk pulls out of $44b deal
Elon Musk, the chief executive officer of Tesla and the world’s richest person, said on Friday he was terminating his $44 billion deal to buy Twitter because the social media company had breached multiple provisions of the merger agreement. Twitter’s chairman, Bret Taylor, said on the micro-blogging platform that the board planned to pursue legal… Continue reading Twitter vows legal fight after Musk pulls out of $44b deal
Elon Musk proves he’s the wrong man to save the world
It’s on. Elon Musk has officially filed to kill his own Twitter acquisition, and Twitter is calling his bluff. They’ll see Musk in court. And while it’s only going to get messier from here, one important verdict has already been rendered by Elon Musk himself: he doesn’t have what it takes to run Twitter. And… Continue reading Elon Musk proves he’s the wrong man to save the world
Tesla shares get baby bump as Elon Musk tries to pull out of Twitter deal
Tesla shares received an upwards bump in after-hours trading Friday as investors reacted positively to Elon Musk’s move to terminate his $44 billion deal to buy Twitter. Tesla shares rose 14.51% to close at $752.29 on Friday. The share price continued to edge higher after regular trading hours by as much as 3.39%, before settling… Continue reading Tesla shares get baby bump as Elon Musk tries to pull out of Twitter deal
Elon Musk and the $44 billion Twitter buyout he’s trying to terminate
First, we learned that Elon Musk had purchased enough shares of Twitter to become its largest individual shareholder. The company announced Musk would take a seat on its board of directors, but within the space of a week, that plan unraveled, and Musk informed the board he would not accept the position. Elon’s next move… Continue reading Elon Musk and the $44 billion Twitter buyout he’s trying to terminate
This big, sand-filled energy storage silo can be powered by wind and solar
Finnish startup Polar Night Energy and local Finnish utility Vatajankoski have together built the world’s first commercial sand-based, high-temperature heat storage system that can be powered by solar and wind. Sand-filled energy storage in Finland Polar Night Energy’s heat storage system is a 23-foot-tall steel container filled with 100 tons of sand. (Polar Night Energy… Continue reading This big, sand-filled energy storage silo can be powered by wind and solar
Tesla spotted gathering massive number of Megapacks outside Gigafactory Nevada
Tesla has been spotted gathering a massive number of Megapacks outside its Gigafactory Nevada. Is it a backlog due to supply chain issues or a new giant battery is in the work? Drones are often flying over Tesla factories to try to document progress. These days, they mostly fly over Gigafactory Texas and Gigafactory Berlin,… Continue reading Tesla spotted gathering massive number of Megapacks outside Gigafactory Nevada
Insights on the Hyperloop Technology Global Market to 2027 – by Component Type, Speed, Carriage Type and Region
DUBLIN, July 8, 2022 /PRNewswire/ — The “Hyperloop Technology Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” report has been added to ResearchAndMarkets.com’s offering. The global hyperloop technology market is expected to reach a value of US$ 1.30 Billion in 2022. Looking forward, the publisher expects the market to reach levels worth US$… Continue reading Insights on the Hyperloop Technology Global Market to 2027 – by Component Type, Speed, Carriage Type and Region
Elon Musk Shreds Bill Gates for Supporting Hydrogen Power
Hydrogen is “the most dumb thing I could possibly imagine for energy storage.” Shots Fired There’s nothing more Elon Musk than denouncing hydrogen power and ridiculing a billionaire foe in the same breath. Yesterday, the self-described sock aficionado and longtime hydrogen energy hater casually dismissed Microsoft founder Bill Gates’ claim that hydrogen power is the… Continue reading Elon Musk Shreds Bill Gates for Supporting Hydrogen Power