Elon Musk Sells Tesla Shares Worth $6.9 Billion to Avoid Twitter Fire Sale

Elon Musk sold $6.9 billion (roughly Rs. 54,880 crore) of his shares in Tesla Inc. the billionaire’s biggest sale on record, saying he needed cash in case he is forced to go ahead with his aborted deal to buy Twitter. “In the (hopefully unlikely) event that Twitter forces this deal to close *and* some equity … Read more

Elon Musk Accuses Twitter of Hiding Litigation Details Against Indian Government in $44 Billion Deal

Tesla CEO Elon Musk, who is locked in a court battle with Twitter over a failed acquisition bid that Twitter now intends to force through, said that the social media giant jeopardized its third largest market by failing to disclose “risky” litigation against the Indian government . In a countersuit in a Delaware court which … Read more

Twitter Sends Civil Subpoenas to Elon Musk’s Tech Allies as Part of Lawsuit

Twitter is attempting to find evidence that Elon Musk tried to torpedo the financing of his $44 billion (roughly Rs. 3,46,430 crore) takeover deal for the social media company while also looking into his motivation for backing out of the deal, legal experts said . Twitter sent dozens of civil subpoenas this week to global … Read more

Elon Musk Countersues Twitter Under Seal in $44 Billion Acquisition Deal

Elon Musk countersued Twitter on Friday, escalating his legal fight against the social media company over his bid to walk away from the $44 billion (roughly Rs. 3.5 lakh crore) purchase, although the lawsuit was confidentially filed. While the 164-page document was not publicly available, under court rules a redacted version could soon be made … Read more