Entries in Elon Musk (18)

Tuesday
Mar052024

Former Twitter execs sue Musk and X for US$128 million in unpaid severance

Four former executives of Twitter, including ex-CEO Parag Agrawal, are suing Elon Musk and the company, now known as X, for over US$128 million (around CA$174 million) in allegedly unpaid severance benefits. The lawsuit stems from the tumultuous takeover of Twitter by Musk in October 2022.

Upon acquiring Twitter, Musk swiftly fired Agrawal, CFO Ned Segal, Chief Legal Officer Vijaya Gadde, and General Counsel Sean Edgett. The lawsuit claims Musk harboured "special ire" towards the group due to their role in the legal battle forcing him to complete the acquisition after attempting to withdraw. Each executive seeks specific amounts in severance, totalling US$128 million: Agrawal - US$57.4 million (~CA$77.9 million), Segal - US$44.5 million (~CA$60.4 million), Gadde - US$20 million (~CA$27.1 million), and Edgett - US$6.8 million (~CA$9.2 million).

Click to read more ...

Monday
Oct312022

Musk wants to revive Vine

Elon Musk wants to bring back Vine (and polled users agree)

The rumour mill and shakeup surrounding Elon Musk's Twitter acquisition continues to churn. This time around, Twitter's new owner wants to bring back its looping video app Vine. Axios cites multiple sources that Musk has ordered engineers at the company to reboot Vine before the year ends. He's tasked engineers to look at the app's old code base, which hasn't been maintained or updated since the service shut down in 2016.

According to one source, this would need "a lot of work." A tweet from a former Vine staffer, Sara Beykpour, advises it would be better for them to start over. And it is sound advice with possible API changes, security concerns, and other elements that need maintenance. 

Via

Tuesday
Dec222020

Elon Musk says Apple, Tim Cook snubbed him when he tried to sell Tesla

Embed from Getty Images 

There have been rumours of a Tesla sale to Apple going around for years, but now we get something definitive from the automaker's CEO. Elon Musk replied to a tweet of Reuters' report about Apple's electric car plans, saying he tried to sell his company once to Apple. He said, "During the darkest days of Model 3 program, I reached out to Tim Cook to discuss the possibility of Apple acquiring Tesla (for 1/10 of our current value). He refused to take the meeting."

Musk also questioned the report's accuracy, where it claimed that Apple was working on a "breakthrough" battery that uses a "monocell" design. This battery can reportedly extend its range over other EVs. The report also mentioned Apple exploring the use an iron-phosphate chemistry, so the power cells' manufacturing will be cheaper.

Click to read more ...

Saturday
Feb022019

Tesla CEO Elon Musk reminds public that its patents can be used ‘in good faith’

Embed from Getty Images

In an effort to combat climate change, Tesla CEO Elon Musk reminds the general public that all of the company’s patents are public and can be used “in good faith.”He believes that the problem isn’t the non-Tesla electric cars, but that there’s still “the enormous flood of gasoline cars pouring out of the world’s factories every day.” As Fossbytes points out, the announcement comes out on the same day a Chinese national was arrested for stealing a major patent for Project Titan, which is Apple’s self-driving cars project.