Tesla Inc. Chief Executive Elon Musk will reveal the third part of the electric vehicle (EV) maker’s “Master Plan” when the company holds its first investor day on March 1. In 2006 and 2016, the billionaire laid out his vision for the electric carmaker, but much of the plans have yet to be achieved. “Master…
LIVE 12 PM ET: NTD News Today (Feb. 8): Texas Fights Guidance on Abortion Pills; Musk Names ‘Worst Offender’ in Government Censorship
Texas is suing the Biden administration. The Lone Star state says federal guidance forces pharmacies to dispense abortion-inducing drugs. Twitter owner Elon Musk on Feb. 6 named an agency called the GEC as the worst offender in alleged government censorship. The agency says it aims to combat disinformation. In his State of the Union address, President Biden…
Jury: Musk Didn’t Defraud Investors With 2018 Tesla Tweets
February 3, 2023
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SAN FRANCISCO—A jury on Friday decided Elon Musk didn’t defraud investors with his 2018 tweets about electric automaker Tesla in a proposed deal that quickly unraveled and raised questions about whether the billionaire had misled investors. The nine-member jury reached its verdict after less that two hours of deliberation following a three-week trial. It represents…
Future Unclear for Tesla’s China Plant
News Analysis Tesla’s mega plant in Shanghai faces strong headwinds moving into 2023 due to trends favoring the localization of global supply chains amid fierce competition with Chinese automakers. The year didn’t start on a good note for the automaker when earlier this month, disgruntled Tesla owners protested at its various showrooms around China, upset…
Elon Musk, at Trial, Says He Was Sure Saudis Backed Taking Tesla Private
SAN FRANCISCO—Elon Musk testified on Monday that he was sure he had backing from Saudi financiers in 2018 to take Tesla Inc. private, as he defended against claims he defrauded investors by tweeting later that year about his electric car company. At a trial in San Francisco federal court, Musk told the investors’ lawyer Nicholas…
Musk Testifies Saudis Backed Taking Tesla Private Before They Backpedaled
SAN FRANCISCO—Elon Musk testified on Monday that he was sure he had backing from Saudi financiers in 2018 to take Tesla Inc private, but said the fund later backpedaled on its commitment. At a trial in San Francisco federal court, Musk told the investors’ lawyer Nicholas Porritt that he met on July 31, 2018, with…
Musk Says Higher Priced Twitter Subscription Won’t Carry Ads
Twitter owner Elon Musk tweeted on Saturday that a higher priced subscription of the social media platform will not carry advertisements. The billionaire also said that ads are “too frequent on Twitter and too big,” and that steps will be taken to address those issues in coming weeks. Twitter did not immediately respond to a…
LIVE 12 PM ET: NTD News Today (Jan. 17): Musk Takes Aim at WEF as Leaders Gather in Davos; New Bill Aims to Take Power from Federal Agencies
Tesla CEO Elon Musk takes aim at the World Economic Forum. Meanwhile, its chairman, Klaus Schwab, wonders “What does it mean to master the future?” Unelected agency officials reportedly impose rules that cost Americans billions of dollars every year. A new bi-partisan bill aims to take some power away from federal agencies. Six people were shot and killed…
Elon Musk Rejected in Bid to Move Tesla Tweet Trial to Texas
SAN FRANCISCO—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. The decision by U.S. District Judge Edward Chen came during a hearing held in San Francisco federal court to go over the final details of…
Musk Says He Can’t Get Fair Trial in California, Wants Texas
January 8, 2023
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WASHINGTON—Elon Musk has urged a federal judge to shift a trial in a shareholder lawsuit out of San Francisco because he says negative local media coverage has biased potential jurors against him. Instead, in a filing submitted late Friday—less than two weeks before the trial was set to begin on Jan. 17—Musk’s lawyers argue it…
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