Elon Musk Countersues Twitter Under Seal in  Billion Acquisition Deal

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 filed confidentially. While the 164-page document was not publicly available, under court rules a redacted version…

Apple to Slow Hiring, Spending Growth for Some Teams Next Year: Report

Apple to Slow Hiring, Spending Growth for Some Teams Next Year: Report

Apple intends to slow hiring and spending growth next year in some units to cope with a potential economic downturn, Bloomberg News reported on Monday, citing people with knowledge of the matter. The changes will not affect all teams, and Apple is still planning an aggressive product launch schedule in…

Elon Musk Says Tesla Could Lower Electric Vehicle Prices if Inflation Slows in Future

Elon Musk Says Tesla Could Lower Electric Vehicle Prices if Inflation Slows in Future

Tesla Chief Executive Officer Elon Musk said on Friday the electric automaker could lower prices for cars if inflation calms down. Musk, who has over 100 million followers on Twitter, was replying to a tweet on Friday that asked if the company had any plans to lower prices that it…

Twitter Shares Rise After Hindenburg Takes Long Position Amid Legal Battle Against Elon Musk

Twitter Shares Rise After Hindenburg Takes Long Position Amid Legal Battle Against Elon Musk

Short-seller Hindenburg Research said on Wednesday it had taken a long position in Twitter shares and warned the social media firm’s lawsuit against Elon Musk, the world’s richest man, could pose a threat to his companies. Twitter‘s shares rose about 6 percent to $35.90 (nearly Rs. 2,900) on the news,…

Twitter Fires Back in Letter to Elon Musk, Claims No Deal Obligations Breached

Twitter Fires Back in Letter to Elon Musk, Claims No Deal Obligations Breached

Twitter fired back at Elon Musk on Monday, accusing the world’s richest person of “knowingly” breaching an agreement to buy the social media firm, days after the Tesla chief sought to back out of the $44 billion (roughly Rs. 3,37,465 crore) deal. In a letter sent to Musk, dated Sunday…

Tesla, Elon Musk Welcome to India but Only as Per Government Policies: Heavy Industries Minister

Tesla, Elon Musk Welcome to India but Only as Per Government Policies: Heavy Industries Minister

Elon Musk and Tesla are welcome to India but the government will not compromise in any way on the policy of Aatmanirbhar Bharat or self-reliant India, Union minister Mahendra Nath Pandey said on Saturday. American electric carmaker Tesla, which has been seeking reduction in import duties to sell its vehicles…

Tesla Autopilot System Faces Probe, US Regulators Intensify Investigation Into Controversial Feature

Tesla Autopilot System Faces Probe, US Regulators Intensify Investigation Into Controversial Feature

US regulators expanded a probe into Tesla’s “Autopilot” system, moving the investigation closer to a potential recall of a controversial feature in Elon Musk’s electric vehicles. The National Highway Traffic Safety Administration is investigating whether “Autopilot and associated Tesla systems may exacerbate human factors or behavioural safety risks by undermining…