The News Journal

A Delaware judge halted a court case against Tesla chief executive Elon Musk over his proposed $44 billion purchase of Twitter, giving the parties more time to complete the deal. Delaware Chancery Judge Kathaleen McCormick said if the transaction was not done by 5pm local time on October 28, she would set new trial dates in November, according to an order issued Thursday. The ruling hands a partial victory to Mr Musk, who earlier in the day had asked the judge to pause Twitter’s lawsuit against him before an October 17 trial date. But it also gives the billionaire a deadline by which he needs to make good on his April agreement to pay $54.20 a share — an obligation he previously tried to abandon. Shares in San Francisco-based Twitter rose by as much as 3.5 per cent in late trading after the judge’s ruling, a sign of optimism that the order gives Twitter some of the certainty it was seeking. Acrimony between the parties escalated Thursday, with both sides trading barbs in court filings....

Elon Musk needs to cut one in ten jobs at Tesla. Some may already have their eye on the exit. The Tesla chief executive’s intentions, conveyed in an internal email seen by Reuters, are rooted in what he described as his “super bad feeling” about the US economy. Some of the nearly 100,000 people employed at the electric carmaker may already be considering their options after Musk issued them with a return-to-office ultimatum this week. In an email sent to staff Tuesday night, Musk threatened to fire anyone who did not work in the office 40 hours a week, a sharp contrast to flexibility offered by Big Tech companies that compete for the same talent pool. The office edict, on top of a steep drop in Tesla’s share price this year – partly due to Musk’s costly pursuit of Twitter – and his public alignment with the Republican party are a toxic mix for some staff. Read More : https://english.alarabiya.net/News/world/2022/06/06/Elon-Musk-opens-door-to-a-Tesla-talent-exodus

 On April 20 every year, part of the internet lights up for Elon Musk. The Tesla founder is more willing than some – such as Donald Trump – to interact with followers and trolls on Twitter. And on this date, he bonds with a chosen few of his fans on the platform. Known as 4/20 in America, it is a reference to one of the inventor's most notorious escapades. Critics allege that a series of tweets in 2018 about having the money to take Tesla private at $420 per share were written to manipulate the stock price, costing shareholders money. The figure is linked to US slang for cannabis and triggered regulatory censure. Ordinarily, the South African-born magnate is known as one the world’s most savvy users of social media — sometimes sophisticated, sometimes not — but his conversations contribute to a devoted loyalty among his fans. Among Mr Musk's army of 82 million Twitter followers are a relative few with whom he regularly interacts, often because they are customers, investors and ...

 Tesla will hand the first Model Y cars made at its €5 billion ($5.5bn) Gruenheide plant to clients on Tuesday, launching its first European production hub with the biggest investment in a German car factory in recent history. German Chancellor Olaf Scholz will attend the ceremony alongside Tesla chief executive Elon Musk, marking a moment Mr Musk had hoped would happen eight months ago but local authorities say has come comparatively quickly for a project of its size. The opening comes as Mr Musk has flagged Master Plan Part 3 for Tesla, which, he said, will map out scaling Tesla to "extreme size". Newly completed Tesla Model Y electric cars stand at the new Tesla Gigafactory electric car manufacturing plant on March 21, 2022 near Gruenheide, Germany.  With plans to hire 12,000 workers, the German gigafactory and adjacent battery plant will become the biggest employer in the German state of Brandenburg, where it is based. At full capacity, it will produce 500,000 cars annual...