EU official pushes Musk for Twitter's progress on new rules
LONDON — (AP) — A top European Union official told Elon Musk that Twitter needs to make progress in preparing for a new law aimed at curbing hate speech, misinformation and other harmful content, adding pressure on the company to ensure it complies. EU Commissioner Thierry Breton and Musk held a video call on Tuesday to assess Twitter's readiness for Europe's new rules, known as the Digital Services Act, that are set to take effect later this year. Breton noted that Twitter has committed to complying with the new EU regulations, which will start applying to the biggest online platforms by September. Breton had warned Musk in a previous call in November that the company needs to comply with Europe's new rules. The Digital Services Act is part of the EU's overhaul of digital rules aimed at reining in the power of online platforms and social media companies and cleaning up toxic content.
wftv.comElon Musk's Tesla tweet trial delves into investor damages
The mind-bending estimates laid out by two experts hired by attorneys representing Tesla shareholders underscored the challenges facing a nine-person jury as the three-week trial winds down this week. Without acknowledging any wrongdoing, Musk and Tesla reached a $40 million settlement with securities regulators after Musk's troublesome tweets in August 2018. In this class-action lawsuit on behalf of Tesla shareholders, the jurors must first determine whether two tweets that Musk abruptly posted on Aug. 7, 2018 steered Tesla investors in the wrong direction. The crux of the case hinges on an Aug. 7, 2018, tweet in which Musk declared "funding secured " to take Tesla private. After consulting with Tesla's major shareholders, Musk decided the electric automaker should remain publicly traded — a decision that has paid off for him and other investors.
wftv.comJustice Department seeks Tesla automated driving documents
The U.S. Justice Department has requested documents from Tesla Inc. related to its Autopilot and “Full Self-Driving” features, according to a regulatory filing. A separate probe into Teslas that were using Autopilot when they crashed into emergency vehicles started in August 2021. Including the Florida crash, NHTSA has sent investigators to 35 Tesla crashes in which automated systems are suspected of being used. Since 2021, Tesla has been beta-testing “Full Self-Driving” using owners who haven’t been trained on the system but are actively monitored by the company. NHTSA has noted in documents that numerous Tesla crashes have occurred in which drivers had their hands on the wheel but still weren’t paying attention.
wftv.comTesla gets Justice Department subpoena for self-driving cars
The U.S. Justice Department has requested documents from Tesla Inc. related to its Autopilot and “Full Self-Driving” features, according to a regulatory filing. A separate probe into Teslas that were using Autopilot when they crashed into emergency vehicles started in August 2021. Including the Florida crash, NHTSA has sent investigators to 35 Tesla crashes in which automated systems are suspected of being used. Since 2021, Tesla has been beta-testing “Full Self-Driving” using owners who haven’t been trained on the system but are actively monitored by the company. NHTSA has noted in documents that numerous Tesla crashes have occurred in which drivers had their hands on the wheel but still weren’t paying attention.
wftv.comWhat Are Hindenburg Research’s Top Allegations Against Gautam Adani?
Allegations of stock manipulation and accounting fraud from New York-based investor Hindenburg Research against Adani Group are piling pressure on the Indian conglomerate and its 60-year-old founder. Gautam Adani is one of Asia’s richest men and at one point last year was second only to Elon Musk in the world. Unlike Musk, Adani is relatively unknown outside his home country. Here’s some background on him and what’s going on.
washingtonpost.comWho Is Gautam Adani and What Is Hindenburg Research?
Allegations of stock manipulation and accounting fraud from New York-based investor Hindenburg Research against Adani Group are piling pressure on the Indian conglomerate and its 60-year-old founder. Gautam Adani became Asia’s richest man last year and was second only to Elon Musk in the world at one point. Unlike Musk, Adani is relatively unknown outside his home country. Here’s some background.
washingtonpost.comWhat Are Hindenburg Research’s Top Allegations Against Gautam Adani?
Allegations of stock manipulation and accounting fraud from New York-based investor Hindenburg Research against Adani Group are piling pressure on the Indian conglomerate and its 60-year-old founder. Gautam Adani became Asia’s richest man last year and was second only to Elon Musk in the world at one point. Unlike Musk, Adani is relatively unknown outside his home country. Here’s some background.
washingtonpost.comElon Musk's mysterious ways on display in Tesla tweet trial
SAN FRANCISCO — (AP) — Elon Musk's enigmatic personality and unconventional tactics are emerging as key exhibits in a trial revolving around one of his most polarizing pursuits — tweeting. “It is relatively easy for me to get investment support because my track record is extremely good,” Musk wryly observed. THE TROUBLESOME TWEETSThe crux of the case hinges on an Aug. 7, 2018, tweet in which Musk declared "funding secured" to take Tesla private. That is one reason U.S. District Judge Edward Chen had decided last year that Musk's 2018 tweets were false and has instructed the jury to view them that way. Musk also enlisted Dan Dees, a top executive with Goldman Sachs, an investment banking firm that had worked closely with Tesla.
wftv.comElon Musk's mysterious ways on display in Tesla tweet trial
Elon Musk’s enigmatic personality and unconventional tactics are emerging as key exhibits in a trial revolving around one of his most polarizing pursuits — tweeting. The trial, centered on a pair of tweets announcing Musk had obtained the money to take Tesla private in 2018, reeled the 51-year-old billionaire into a federal courtroom in San Francisco for three days of testimony that opened a peephole into his often inscrutable mind. Musk, who now owns the Twitter service that he deploys as his megaphone, was often a study in contrasts during his roughly eight hours on the stand.
news.yahoo.comWho Is Gautam Adani and What Is Hindenburg Research?
Allegations of stock manipulation and accounting fraud from New York-based investor Hindenburg Research against Adani Group are piling pressure on the Indian conglomerate and its 60-year-old founder. Gautam Adani became Asia’s richest man last year and was second only to Elon Musk in the world at one point. Unlike Musk, Adani is relatively unknown outside his home country. Here’s some background.
washingtonpost.comMusk, top Biden aides meet in Washington, talk electric cars
WASHINGTON — (AP) — Tesla CEO Elon Musk and a pair of top aides to President Joe Biden met in Washington on Friday to discuss the electric vehicle industry and the broader goal of electrification. Musk and Biden did not meet, White House press secretary Karine Jean-Pierre said. Landrieu oversees federal spending on infrastructure, which included financial help for the electric vehicle industry. Asked whether the meeting signaled a new phase in White House relations with Musk, Jean-Pierre said it “says a lot” about how Biden sees the importance of both pieces of legislation. “I think it's important that his team, senior members of his team, had a meeting with Elon Musk,” she said.
wftv.comWho Is Gautam Adani and What Is Hindenburg Research?
Allegations of stock manipulation and accounting fraud from New York-based investor Hindenburg Research against Adani Group are piling pressure on the Indian conglomerate and its 60-year-old founder. Gautam Adani became Asia’s richest man last year and was second only to Elon Musk in the world at one point. Unlike Musk, Adani is relatively unknown outside his home country. Here’s some background.
washingtonpost.comTesla will invest $3.6B in Nevada truck factory expansion
The company confirmed it plans to produce high volumes of semi-trucks and make enough cell batteries for 2 million light-duty vehicles annually in Nevada. He said the expansion would create 3,000 jobs in Nevada while promoting clean energy and strengthening U.S. security. Lombardo tweeted a photo late Tuesday of himself with Musk at Tesla’s “Gigafactory” in the industrial park east of Reno-Sparks, where it makes batteries for electric vehicles. The truck has a range per charge of 500 miles (800 kilometers) when pulling an 82,000-pound (37,000-kilogram) load, Musk said. The Austin, Texas, maker of electric vehicles and solar panels said on Wednesday it earned $3.69 billion from October through December, or an adjusted $1.19 per share.
wftv.comElon Musk's tweeting style seizes spotlight in Tesla trial
“If something really upsets you, go for a walk around the factory," Ron Baron, a major Tesla shareholder, told Musk in a July 15, 2018 email that was displayed as evidence during Wednesday's trial. While testifying Wednesday, Gracias acknowledged having some discussions that "maybe Elon should take a break from tweeting." Tesla's board never took formal action to rein in Musk's Twitter usage, but Gracias testified that he personally asked him to stop tweeting about a potential Tesla buyout without board approval after the Aug. 7, 2018 tweets. Just to make sure, Fath followed up with an email to Musk imploring him to “remember the golden rule. “Do you know that this is trial is not about whether Elon Musk is a good or bad tweeter?"
wftv.comElon Musk's tweeting style seizes spotlight in Tesla trial
Tesla CEO Elon Musk’s impulsive and sometimes inflammatory usage of Twitter has taken center stage in a trial focused on whether he misled investors with his 2018 tweets indicating he had lined up financing to take the electric automaker private, a proposal that rapidly unraveled.
Analyst: Musk has 'hard sell' to jury in trial
Elon Musk returned to federal court to defend himself against a class-action lawsuit that alleges he misled Tesla shareholders with a tweet about an aborted buyout that the billionaire defiantly insisted Tuesday he could have pulled off, had he wanted. (Jan 24)
news.yahoo.comElon Musk defiantly defends himself in Tesla tweet trial
The statements resulted in Musk and Tesla to reach the $40 million settlement without acknowledging any wrongdoing. After those tweets, Musk declared Tesla would remain publicly a few weeks later. While being steered by Spiro, Musk told jurors he had stated only that he was “considering” a Tesla buyout but never promised a deal would get done. While being grilled the day before by Porritt, Musk at times was combative, indignant and exasperated. Musk's ownership of Twitter also has proved unpopular with Tesla shareholders who worry about him being distracted as the automaker faces more competition.
wftv.comElon Musk: 'I had no ill motive' in tweet about Tesla buyout
As Spiro gently prodded him, Musk told the nine-person jury he had stated only that he was “considering" a Tesla buyout but never promised a deal would get done. While being grilled the day before by an attorney representing Tesla shareholders, Musk at times was combative, indignant and exasperated. “I don’t believe they actually represent shareholders,” Musk sneered, drawing a rebuke from U.S. District Judge Edward Chen, who ordered the remark stricken from the record. “It’s not a problem for me to raise money,” Musk said, chuckling. The statements resulted in Musk and Tesla to reach the $40 million settlement without acknowledging any wrongdoing.
wftv.comTwitter faces lawsuits over unpaid rent for US HQ, UK office
Twitter is facing a lawsuit over allegations it failed to pay rent for its head office, according to California court documents. The owner of its premises in central London, meanwhile, said it's taking the company to court over rental debt. Twitter has already been taken to court this month for falling behind on rent at another San Francisco office. The company, Sri Nine Market Square LLC, said Twitter “breached the Lease by failing to pay monthly rent and additional rent” for January amounting to $3.4 million. After using those funds, the landlord says Twitter still owes $3.16 million in unpaid rent and is seeking late fees and interest plus attorneys’ fees.
wftv.comElon Musk: Tweets about taking Tesla private weren't fraud
I didn't want to sell Tesla stock but I did sell Tesla stock,” he said of the sale to make up for lack of funding from other sources for his $44 billion deal to take Twitter private. “My SpaceX shares alone would have meant that funding was secured,” Musk said of the 2018 tweets. At a July 31, 2018 meeting, the Saudi Public Investment Fund’s Yasir Al-Rumayyan “confirmed unequivocally that they would support Tesla going private. After it became apparent that the money wasn’t in place to take Tesla private, Musk stepped down as Tesla’s chairman while remaining CEO as part of the SEC settlement, without acknowledging wrongdoing. Asked by his lawyer, Alex Spiro, if he understood the charges against him, Musk said he's being "accused of fraud.
wftv.comElon Musk defends his tweets about taking Tesla private
But the deal never came close to happening, and the tweet resulted in a $40 million settlement with securities regulators. “Just as I sold stock in Tesla to buy Twitter. I didn't want to sell Tesla stock but I did sell Tesla stock,” he said of the sale to make up for the lack of funding from other sources for his $44 billion deal to take Twitter private. “My SpaceX shares alone would have meant that funding was secured,” Musk said of the 2018 tweets. After it became apparent that the money wasn’t in place to take Tesla private, Musk stepped down as Tesla’s chairman while remaining CEO as part of the SEC settlement, without acknowledging wrongdoing.
wftv.comElon Musk testifies in 2nd day of Tesla tweet trial
SAN FRANCISCO — (AP) — Elon Musk returned to federal court Monday in San Francisco to testify in a class action lawsuit filed by Tesla investors alleging he misled them with a tweet. The trial hinges on the question of whether a pair of tweets that Musk posted on Aug. 7, 2018, damaged Tesla shareholders during a 10-day period leading up to a Musk admission that the buyout he had envisioned wasn’t going to happen. “Just as I sold stock in Tesla to buy Twitter. I didn't want to sell Tesla stock but I did sell Tesla stock,” he said of the stock sale to make up for the lack of funding from other sources for his $44 billion deal to take Twitter private. “My SpaceX shares alone would have meant that funding was secured,” Musk said.
wftv.comMicrosoft invests billions in ChatGPT-maker OpenAI
Microsoft says it is making a "multiyear, multibillion dollar investment" in the artificial intelligence startup OpenAI, maker of ChatGPT and other tools that can write readable text and generate new images. OpenAI's free writing tool ChatGPT launched on Nov. 30 and has brought public attention to the possibilities of new advances in AI. OpenAI started out as a nonprofit artificial intelligence research company when it launched in December 2015. OpenAI is also the creator of the DALL-E tool for generating new images. Microsoft said Monday its strengthened partnership can help “to accelerate AI breakthroughs to ensure these benefits are broadly shared with the world.”Copyright 2023 The Associated Press.
wftv.comElon Musk rebuffed in bid to move Tesla tweet trial to Texas
A federal judge on Friday rejected Tesla CEO Elon Musk’s bid to move or delay a trial over a misleading tweet about a potential buyout of the electric automaker, setting the stage for the mercurial billionaire to be thrust into a legal drama amid the turmoil of his Twitter takeover.
Feds reviewing Musk tweet about disabling driver monitoring
A tweet from Elon Musk indicating that Tesla might allow some owners who are testing a “Full Self-Driving” system to disable an alert that reminds them to keep their hands on the steering wheel has drawn attention from U.S. safety regulators.
Twitter leak exposes 235 million email addresses from hack
Personal emails linked to 235 million Twitter accounts hacked some time ago have been exposed according to Israeli security researcher Alon Gal — making millions vulnerable to having their accounts compromised or identities exposed if they have used the site anonymously to criticize oppressive governments, for instance.