Subscribe

Join Us On LinkedIn

Elon Musk may soon own Twitter Inc. but the billionaire won’t be able to shake his “Twitter Sitter.” A judge on Wednesday rejected Musk’s request to ditch his 2018 deal with the U.S. Securities and Exchange Commission that required a company lawyer to screen all his Tesla Inc.-related tweets. The Tesla CEO, who appears to […]
The SEC’s investigation began last year after Mr. Musk’s brother sold shares of Tesla valued at $108 million, one day before Mr. Musk polled Twitter users asking whether he should unload 10% of his stake in Tesla and pledging to abide by the vote’s results. Mr. Musk framed the potential sale as a way to […]
Many small shareholders revel in Mr. Musk’s willingness to stiff-arm regulators. Others are weary of the spectacle. Ross Gerber, chief executive of Gerber Kawasaki Wealth and Investment Management, a Tesla shareholder, said he would like to see the company’s board of directors step in to moderate Mr. Musk’s behavior on Twitter. “I’m disappointed with the […]
A newly unsealed lawsuit alleging that Tesla Inc.’s board of directors failed to appoint a general counsel who could stand up to controversial CEO Elon Musk highlights the limited options that company counsel have when dealing with difficult bosses. Tesla investor Chase Gharrity alleges, in a derivative suit filed in the Delaware Court of Chancery, […]
Effective as of March 15, 2021, the titles of Elon Musk and Zach Kirkhorn have changed to Technoking of Tesla and Master of Coin, respectively. Elon and Zach will also maintain their respective positions as Chief Executive Officer and Chief Financial Officer. Source: Inline XBRL Viewer
Tesla chief executive Elon Musk and the board of the electric car company have been sued by a shareholder who accused Musk of violating his 2018 settlement with the Securities and Exchange Commission over his Twitter use. According to a complaint unsealed late Thursday in Delaware Chancery Court, Musk’s “erratic” tweets, including a post last May […]
Tesla announced Monday that it bought $1.5 billion worth of bitcoin, according to a filing with the SEC. The company said it bought the bitcoin for “more flexibility to further diversify and maximize returns on our cash,” according to the filing. In addition to the purchase, Tesla said it would start accepting payments in bitcoin […]
FT Alphaville believes this is the first time an SEC filing has featured a screenshot of tweets as part of a key announcement to shareholders. Now, some may just chalk this up to as yet another demonstration of the on-going governance conundrum that is Tesla Motors, and its affiliated businesses. Sure, screenshotting a social media […]
Electric car maker Lucid Motors Inc. has picked up a new general counsel from rival Tesla Inc.’s legal department, which still remains without a named top lawyer after losing three general counsel last year. Lucid announced this week that it hired former Tesla deputy general counsel Jonathan Butler to serve as the Newark, California-based company’s general […]
A Delaware judge has denied a request by attorneys for Tesla shareholders to pursue a lawsuit seeking to prevent CEO Elon Musk from using his personal Twitter account to disseminate information regarding the electric vehicle and solar panel manufacturer. Vice Chancellor Joseph Slights III ruled Tuesday that shareholder attorneys had not demonstrated a sufficient reason […]