Elon Musk’s short-lived effort to take Tesla private after his infamous “funding secured” tweet in August 2018 has loomed over the billionaire’s reputation.
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It is the biggest acquisition financing ever put forward for one person. Elon Musk is doing it his way.
Elon Musk formed a trio of holding companies as part of his bid to acquire Twitter, potentially giving the billionaire a path to bring all of his business ventures under a single parent.
With Tesla’s strong quarterly report on Wednesday, CEO Elon Musk has scored a hat trick of performance goals worth a combined $23-billion in new compensation.
Elon Musk is willing to invest up to $15-billion of his own money to take Twitter private, the New York Post reported, citing sources familiar with the matter.
Cathie Wood’s Ark Investment Management now expects Tesla shares to more than quadruple to $4 600 by 2026.
Even for the world’s richest person, $43-billion is a steep price.
Elon Musk has been sued by former Twitter shareholders because he waited too long to disclose a 9.2% stake in the social media company.
Twitter said Elon Musk has decided not to join its board, a stunning twist to a week-long saga that’s captivated the tech community.
Jack Dorsey’s Block and crypto firm Blockstream plan to mine bitcoin at Tesla’s solar plant in Texas.