Seattle Daily Star

  The billionaire has numerous new products in the pipeline, including a vehicle with no steering wheel Elon Musk’s voyage into the future has already created the most valuable motor company in the world in Tesla. And his creative streak is far from finished as shown with a new form of transport that features no pedals or steering wheel — the Tesla robotaxi. Mr Musk revealed some more details about the robotaxi as Tesla reported its first quarter financial results , which took it past the $3 billion mark in quarterly net profit for the first time. What is the robotaxi? Well, it has not been seen yet, because Tesla has not released any images — those interested will have to wait until next year to get a glimpse. But Mr Musk did confirm the lack of pedals and steering wheel, which makes it sound more like a train than a car. This is what he said on Tesla ’s financial results conference call: “We are also working on a new vehicle that I alluded to at the Giga Texas opening, which...

  The social media company’s board has adopted a limited-duration shareholder rights plan, which would enable its shareholders to buy additional stock Twitter made a move on Friday to shield itself from the $43 billion takeover bid by billionaire Elon Musk. The social media company’s board adopted a limited-duration shareholder rights plan, which would enable its shareholders to buy additional stock, it said in a statement. Under the plan, also known as a “poison pill” strategy to resist a bid from a potential acquirer, “the rights will become exercisable if an entity, person or group acquires beneficial ownership of 15 per cent or more of Twitter’s outstanding common stock in a transaction not approved by the board”, Twitter said. On Thursday, Mr Musk, founder and chief executive of electric vehicle maker Tesla and rocket company SpaceX , offered to buy 100 per cent of Twitter for roughly $43 billion, proposing an offer price of $54.20 a share, in a filing to the Securities and E...

  The stock price of the social media company jumped about 25% in pre-market trading on Monday Shares of Twitter surged about 25 per cent on Monday in pre-market trading after Elon Musk, co-founder and chief executive of electric vehicle maker Tesla, acquired a 9.2 per cent passive stake in the social media company. Mr Musk owns more than 73.4 million shares of Twitter, worth nearly $2.89 billion, a filing with the US Securities and Exchange Commission showed. Twitter has a market value of $31.5bn and its shares are down about 8 per cent since the start of this year and 39 per cent weaker than this time in 2021. The company’s shares, which settled at $39.3 at the close of trading on Friday, rose to $49.09 Monday morning. Later in the day he tweeted “Oh hi lol”. Last month, Bitcoin , Ether and Dogecoin received a brief boost after Mr Musk tweeted that he owns the digital tokens and is not planning to sell. Mr Musk, the world’s richest person with a net worth of $273bn, acc...