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This 6-port 108W car charger tops off the front and back seat at $15.50 (Save 30%)

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Elon Musk denies tweets misled Twitter investors ahead of purchase

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Tag: Elon Musk

Elon Musk calls for “criminal prosecution” of X ad boycott perpetrators

Congress accused advertisers group of colluding to tank X's revenue.

Elon Musk & X Avoid Half A Billion Dollars In Payouts To Former Employees

Twitter (now X) owner Elon Musk won a court battle yesterday with former employees who had sued him for $500 million after he took over the social media company in 2022. Musk's Twitter takeover not only saw him re brand the company to X, but it also involved the firing of thousands of employees as part of a cost cutting approach. The suit saw the former employees claim severance pay from the company, and a judge in California dismissed the lawsuit by ruling that the former employees were not entitled to benefits under the Employee Retirement Income Security Act. Elon […]

Elon Musk Reveals Plans To Make World’s “Most Powerful” 100,00 NVIDIA GPU AI Cluster

With the global AI industry doing all that it can to gain access to precious chips from NVIDIA and outpace Microsoft backed OpenAI in the race to develop the most advanced artificial intelligence model, Elon Musk has shared fresh details about his plans to build a GPU cluster to train xAI's Grok AI model. According to Musk, xAI has decided to rely only on itself to build "the most powerful training cluster in the world" after parting ways with Oracle to speed up progress on AI development. Oracle has provided 24,000 NVIDIA Hopper GPUs to xAI for training the Grok 2 […]

Elon Musk Denies Defrauding Twitter Investors During Takeover & Saving Millions Through Late Filing

In a late night Wednesday filing, Twitter (now X) owner Elon Musk denied any ill intent in failing to inform the Securities and Exchange Commission (SEC) that he had acquired a substantive stake in the social media firm prior to taking it private. Musk's Twitter acquisition was filled with twists and turns, with the billionaire initially trying to stop the deal before signing up with a consortium of investors to take a multi billion dollar stake in the company. He is currently being sued by former shareholders who allege that Musk's late disclosure led them to miss out on profit […]

Elon Musk denies tweets misled Twitter investors ahead of purchase

Elon Musk says lawsuit over late disclosure of Twitter stake “makes no sense.”

Tesla says Model 3 that burst into flames in fatal tree crash wasn’t defective

Lawsuit alleged defects with both Tesla's self-driving and Model 3 flammability.

Tesla Calls On The Delaware Court Judge To Approve Elon Musk’s Recently Ratified Pay Package, But Statutory Authorization Can’t Cure Breaches Of Fiduciary Duty...

After the entertaining but somewhat ineffective theatrics surrounding the fate of Elon Musk's $48 billion pay package, replete with a shareholder-led re-ratification of Musk's equity-only compensation scheme, we are back in the judicial arena. While Elon Musk feels emboldened by Tesla shareholders reposing their confidence in his leadership skills en masse, the vote remains largely ceremonial in nature, and constitutes a "novel" approach to dealing with fiduciary duty breaches under the Delaware General Corporation Law. The Chess-Like Moves In Elon Musk's Compensation Package Saga Tesla underwent a trial in the Delaware Court of Chancery in 2022, where one shareholder, Richard […]

Elon Musk rushes to debut X payments as tech issues hamper creator payouts

Report reveals how Musk plans to release X payments in US this year.

Assassin’s Creed Shadows Producer Responds To Backlash Over Yasuke

When Ubisoft unveiled Assassin’s Creed Shadows in May, there was backlash directed at the inclusion of Yasuke, the game’s Black samurai co-lead and real-world historical figure. Some argued that the reaction was simply over a matter of what they saw as...

Elon Musk’s $56 Billion Pay Package Proposal Is Passing With “Big Margins”

As the climax of a nail-biting drama, replete with a full-fledged, well-oiled PR campaign conducted by Tesla in concert with Elon Musk, Tesla shareholders have, in all likelihood, approved the proposed $56 billion pay package for the company's CEO. In doing so, the shareholders appear to have taken into account the possibility of Musk's disassociation from the world's premier manufacturer of electric vehicles in the absence of his desired incentive plan. To wit, as part of Tesla's annual general meeting (AGM), the shareholders were required to vote on two crucial proposals: to approve the company's reincorporation in Texas and ratify […]

Elon Musk Threatens To Ban OpenAI Powered Apple Devices From SpaceX & Tesla

With the leaks turning out to be correct and Apple using its WWDC conference to join other firms in bringing artificial intelligence features to its products, Tesla, SpaceX and Neuralink chief Elon Musk took to X to share that he would ban all Apple devices from his companies if the new features came into effect. Apple's release today was accompanied by updates on how the firm's latest A.I. features and a partnership with Microsoft backed OpenAI will not compromise user privacy, but Musk, it appears, remains unconvinced. Not only did he share that blending Apple's industry-leading operating systems with OpenAI […]

Why the fight over Elon Musk’s pay at Tesla won’t end with shareholder vote

Musk, Tesla, and the Delaware court system may be headed for uncharted legal territory.

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