An earlier version of thisreport had an errant million in the headline. It has been corrected. Tesla Inc. TSLA, +3.76% CEO Elon Musk tweeted Wednesday that a Tesla 500 mile range Semi truck will start...
Tag: TWTR
Elon Musk Sells Nearly $7 Billion Worth of Tesla Stock Amid Twitter Uncertainty
Elon Musk sold nearly $7 billion worth of Tesla stock in recent days, regulatory disclosures show, amid uncertainty over the fate of his $44 billion deal to buy Twitter Inc. Mr. Musk, Tesla’s chief ex...
Judge in Twitter, Elon Musk Case Known for Quick Work
The judge who will decide whether Elon Musk should have to buy Twitter Inc. has a record of quickly deciding urgent cases over imperiled corporate deals and has ordered buyers to close deals they want...
New Buyback Tax Will Force Companies to Think Twice on How to Use Cash
In the scrap over how to fund President Joe Biden’s spending plans, the Democrats’ focus has shifted from taxing private funds to public at the last minute. Sen. Kyrsten Sinema (D., Ariz.) backs dropp...
China’s Retaliation to Pelosi’s Trip Keeps Chips Off the Menu for Now
China’s fresh blockade of food imports from Taiwan wasn’t enough to further destabilize markets nervous about House Speaker Nancy Pelosi’s historic visit to the island. Beijing’s four days of military...
Pelosi’s Trip to Taiwan Is a Risk to More Than Just the Chip Industry
Asian stocks worked out early there is no good outcome from Nancy Pelosi’s current tour of the region. By landing in Taiwan Tuesday or Wednesday, the speaker of the House risks Chinese military retali...
Elon Musk Files Response and Counterclaims to Twitter Lawsuit Over $44 Billion Deal
Updated July 29, 2022 6:29 pm ET Listen to article (1 minute) Elon Musk formally responded to Twitter lawsuit seeking to force him to go through with his $44 billion takeover of the social-media platf...
After Earnings, These 3 Big Tech Stocks Look Like Buys
The world’s most important tech companies all reported their quarterly results this past week, and, in each case, the damage from a slowing global economy was in stark evidence. The witch’s brew of ri...
Twitter v. Musk: Why the Court of Chancery Will Never Order Specific Performance.
Text size A court could compel Tesla chief executive Elon Musk to purchase Twitter, but could it compel him to operate it in the best interest of shareholders? Al Drago/Bloomberg About the author: Car...
Meta Reports Earnings Today. What to Expect.
Text size Meta continues to spend heavily on its multiyear project to build out “the metaverse.” Justin Sullivan/Getty Images Last week’s ugly June quarter earnings report from Snap has investors on e...
Tesla Stock Could Hit $900 in Its Latest Surge
Text size Tesla CEO Elon Musk’s Twitter saga appears to be a concern still for investors. Mario Tama/Getty Images Tesla stock is on one of its hot streaks again. Shares are climbing Friday, putt...
Tesla Is Set for Settlement Talks Over Musk Tweets About Taking Company Private
Tesla is scheduled for court-ordered settlement talks in a shareholder lawsuit over Chief Executive Officer Elon Musk’s 2018 tweets suggesting he had funding to take the company private. In a court fi...
Buy Amazon Stock: It Could Double From Here
Amazon.com has reported earnings about 100 times since it went public in 1997. Every one of those quarterly reports has shown a growing company, despite plenty of ups and downs in the economy—and the ...
Twitter Reports Before The Open On 7/22 — Options Contracts Expire The Same Day
According to NextEarningsDate.com, the Twitter TWTR next earnings date is projected to be 7/22 before market open, with earnings estimates of $0.14/share on $1.31 Billion of revenue. Looking back, the...
Elon Musk Opposes Twitter’s Request for Expedited Trial Over Stalled Deal
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Twitter (TWTR) Shares Slide after Elon Musk Announces That He is Walking Away from $44B Acquisition Deal
The decision Musk has taken to back out of the Twitter deal has caused the company’s shares to crash as a legal battle brews. Twitter shares (NYSE: TWTR) have sunk by around 7% in premarket trading fo...
Twitter Faces Renewed Questions on Path Ahead as Elon Musk Tries to Abandon Deal
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Twitter Didn’t Seek a Sale. Now Elon Musk Doesn’t Want to Buy. Cue Strange Legal Drama.
Elon Musk’s showdown with Twitter has set the stage for what could become one of the most unusual courtroom battles in corporate-takeover history—a spurned acquisition target that never sought to be b...
Elon Musk Bails on Twitter: What It Means for the Stock
Text size Tesla CEO Elon Musk filed to end his $44 billion merger agreement with Twitter on July 8. POOL/AFP via Getty Images Tesla CEO Elon Musk’s move to terminate his $44 billion deal to purchase T...
What Happened to the Twitter-Elon Musk Deal?
Elon Musk said he is seeking to terminate his $44 billion deal to buy Twitter nearly two months after saying the deal was “on hold” over his questions about the number of spam and fake accounts on the...
Tesla Stock Stands to Gain if Musk Succeeds in Ending Twitter Deal
Text size Elon Musk announced he his ending his deal to buy Twitter, but the social media company said it plans to enforce the agreement. Jim Watson/AFP via Getty Images If Elon Musk succeeds in endin...
Opinion: It is time for Twitter to get as much of Elon Musk’s money as a court will allow
The mercurial Elon Musk finally made it official Friday: He declared in a regulatory filing that he no longer wants to go through with his $44 billion deal to buy Twitter Inc., a deal that the market ...
Digital World stock surges after Elon Musk terminates Twitter purchase
Shares of Digital World Acquisition Corp. were rocketing 17% in after-hours trading Friday after Tesla Inc. Chief Executive Elon Musk said he was terminating his $44 billion deal for Twitter Inc. . Di...
Elon Musk terminates deal to buy Twitter, and Twitter’s chairman promises a legal fight
Elon Musk is backing out of his agreement to buy Twitter Inc., and Twitter’s chairman has already promised a legal fight. In a letter sent to Twitter’s TWTR, -5.10% chief legal officer on Friday, the ...
Where Street Earnings Are Too High And Who Should Miss
NEW YORK – MARCH 2: A trader looks on in front of a chart showing the downward trend of the Dow … [+] Jones Industrial Average at the New York Stock Exchange at the end of the trading day ...
Biden Dropping China Tariffs Could Be Good News for Tech Stocks
If President Joe Biden rolls back tariffs on Chinese exports, it could have bigger implications than the impact on inflation. The U.S. is considering dropping the levies started by Donald Trump in 201...
Tesla Vehicle Deliveries Tumble After China Factory Shutdown
Tesla vehicle deliveries fell quarter-over-quarter for the first time in more than two years, reflecting an extended shutdown in China, supply-chain disruptions and challenges associated with opening ...
Google, Snapchat and 24 Other Tech Companies Get Lower Estimates by J.P. Morgan
Text size Google’s advertising should hold up relatively better than others, according to the analysts. Angela Weiss /AFP via Getty Images As consumer spending slows, fuel costs rise, and chance...
Alphabet and Meta Have an Ad Revenue Problem. What It Means for Their Stocks.
Text size The Google logo is seen with the rainbow flag in New York. Angela Weiss /AFP via Getty Images Alphabet, Meta Platforms, and other big tech companies have seen their valuations undergo a sign...
Tesla Is a Once-in-a-Lifetime Opportunity. Why This Analyst Is Still a Bull.
Text size A Tesla in Manhattan Beach, California. Patrick. T Fallon/AFP via Getty Images Tesla stock tends to generate strong opinions—in both the bull and bear camps. Bears have had the upper hand la...
Tesla stock selloff created ‘generational’ investment opportunity, analyst says
The recent selloff in Tesla Inc.’s stock TSLA, +1.16% has created a “generational investment opportunity” in one of the most compelling growth stories, said CFRA analyst Garrett Nels...
Twitter Stock Is Downgraded. Analyst Needs Just One Sentence to Explain Why.
Text size Twitter stock is downgraded given uncertainty over the company’s pending acquisition by Elon Musk. Justin Sullivan/Getty Images Twitter stock received another downgrade on Friday, fuel...