Elon Musk
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Brazil’s Supreme Court has ordered Elon Musk’s X to stop bypassing a previous ruling that suspended the social media platform in the country. If X fails to comply, it faces a daily fine of 5 million reais ($921,726.95), according to a decision issued late on Wednesday. X became accessible to many users in Brazil on…
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Brazil’s Supreme Court Justice Alexandre de Moraes lifted freezes on Starlink and X bank accounts after transferring 18.35 million reais ($3.3 million) from those accounts to the national treasury. The court issued this lift after determining that the transferred amount satisfied the fines X owed to Brazil, resulting from a dispute between Elon Musk and…
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Tensions between Brazil and Elon Musk’s business empire intensified as the country’s telecom regulator threatened to sanction his satellite broadband company, Starlink. This came just hours after Brazil’s top court upheld a controversial decision to ban the social network X from the country. Brazil’s President Luiz Inacio Lula da Silva expressed support for the top…
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Brazil’s telecommunications regulator suspended access to Elon Musk’s X social network on Friday, following a court order from a judge who has been engaged in a months-long conflict with the billionaire investor. The suspension was triggered when X missed a court-imposed deadline on Thursday evening to appoint a legal representative in Brazil. Musk has argued…
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A federal judge in Texas, assigned to hear a lawsuit filed by Elon Musk’s social media platform X against a group of advertisers, has removed himself from the case after reports revealed his ownership of shares in another Musk company, Tesla. U.S. District Judge Reed O’Connor in Fort Worth, Texas, recused himself in a one-paragraph…
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District Judge William Alsup in San Francisco issued a ruling on Friday disqualifying Elon Musk’s social media company X Corp’s longtime law firm from representing them in a lawsuit against Israeli data-scraping firm Bright Data Ltd. The lawsuit alleges Bright Data illegally copied content from X’s platform. Alsup stated the lawsuit closely resembles a separate…
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Lawyers who convinced a Delaware judge to nullify Elon Musk’s $56 billion pay package face high stakes. They are seeking a substantial legal fee: more than 29 million Tesla shares, valued at $7.74 billion as of Thursday’s market opening. Tesla and many investors believe the lawyers deserve far less than this amount for representing a…
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Elon Musk wants to dismiss a lawsuit by former Twitter shareholders who accused him of waiting too long in early 2022 to reveal his large ownership stake in the social media company, saying his delay was a mistake. In a late Wednesday night filing in Manhattan federal court, Musk argued that it is implausible to…
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Tesla (TSLA.O) and opponents of Elon Musk’s compensation clashed on Friday over how to resolve the legal issues surrounding the CEO’s $56 billion pay package and the billions of dollars in potential legal fees generated by the case. Tesla, in a court filing, urged a Delaware judge to recognize the vote by Tesla shareholders in…
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The CEO of the California Public Employees’ Retirement System (CalPERS) announced plans to vote against Tesla CEO Elon Musk’s $56 billion compensation package. CalPERS, the largest U.S. pension fund and one of the top 30 investors in Tesla with 9.5 million shares according to LSEG data, previously voted against Musk’s stock options package in 2018.…
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