Tesla
Elon Musk returned to federal court in San Francisco to testify in a class action lawsuit filed by Tesla investors alleging he misled them with a 2018 tweet.
Musk claimed in a August 2018 tweet that he had lined up the financing to pay for a $72 billion buyout of Tesla, which never materialized.
The sharp price cuts sent Tesla shares down nearly 4% in midday trading Friday.
"Chief Twit" wants to move suit to Texas from California where he believes he'll be treated unfairly after slashing Twitter staff in the state.
WHAT'S HAPPENING
“We go there all the time for cars over the cliff and they never live,” said Brian Pottenger of the Coastside Fire Protection. “This was an absolute miracle.”
The announcement is likely an attempt to comfort the company's shareholders who have watched the stock value drop since Musk's purchase of Twitter.
Elon Musk asked Twitter users whether he should step down as CEO, and to his apparent dismay, a majority called on him to leave.
Representatives are reaching out for added investments, according to The Wall Street Journal.
It’s not clear if the drama is causing many users to leave the platform, but lesser-known sites Mastodon and even Tumblr are emerging as new (or renewed) alternatives.
The new feature is a part of a "holiday update" the company announced via Twitter on Tuesday, but some people wondered if it was a good idea.