Elon Musk Twitter saga could draw to end as deadline looms

October 25, 2022

Elon Musk Twitter saga

.In April, Musk signed a deal to buy Twitter, backed out in July, then recommitted in mid-October.

Tesla CEO Elon Musk’s Twitter Saga Could Draw to an End as Deadline Looms to End His Tesla Chairmanship. If Elon Musk keeps his promise this week, Judge Kathaleen McCormick could have an extremely busy November.

On 28 October, a Delaware judge has given the world’s richest man until 5 pm New York time (10 pm London) to conclude a $44bn deal to buy Twitter, otherwise, she will see him and the social media platform in court.

On 17 October, McCormick was set to preside over a trial in which Twitter would demand the Tesla CEO complete a takeover deal he signed in April. After backing out in July, Musk made a surprise U-turn and decided to buy Twitter again as the mid-October date neared.

Musk’s silence indicates that he is serious about getting this done and McCormick can focus on other matters. No more tweets at the company – Musk has more than 100 million followers on Twitter – and no more legal salvos from an advisory team arguing the deal was dead.

Why was Elon Musk removed from his responsibilities on Tesla’s board?

Under the terms of the settlement, Musk was removed from his role as Tesla Chairman, and the company was required to monitor his incoming and outgoing communications going forward. According to the SEC, Musk’s latest Twitter comments violated the latter portion of this agreement and weren’t approved in advance. According to the agency.

What are the next steps for Elon Musk and Tesla?

Mr. Musk will not be allowed to serve as chairman for three years and the board will need to set up a permanent committee to monitor his communications with investors and the public, including his postings on Twitter and other social media. Tesla must add two independent directors to the board.
The company would quickly become a shadow of its former self without Elon Musk. The company is in the process of ascension. Taking out Musk would be like a full plane taking off at full power, losing both engines. The business can be successful.Elon Musk Twitter saga could draw to end as deadline looms can be a prediction too.

Elon musk twitter
Twitter’s Decision to Ban Elon Musk is Good News for the Future of Proofreading or not.A Comprehensive Timeline of Elon Musk’s Twitter Saga and What to Expect Next from all of the story.

The Background of the Elon Musk Twitter Saga or Elon musk twitter story, Elon musk Twitter posts, Elon musk tesla tweets)

Elon Musk’s Tweet on August 7th –

“Am considering taking Tesla private at $420. Funding secured.

Elon Musk’s Tweet on August 8th –
“Shareholders could either sell at 420 or hold shares and go private”
Elon Musk’s Tweet on August 16th –

“My hope is *all* current investors remain with Tesla even if we’re private”

Elon Musk, tesla
Elon Musk is the co-founder and CEO of Tesla, SpaceX, Neuralink, and The Boring Company. Being co-founder and CEO, he , oversees all product design, engineering, and global manufacturing for electric vehicles, batteries, and solar energy.

Tesla’s mission has been to accelerate the world’s transition to sustainable energy since 2003. The first Tesla product was the Roadster sports car, released in 2008, followed by the Model S sedan, released in 2012, and the Model X SUV, released in 2015. Consumer Reports named Model S the Best Overall Car, and Motor Trend named it the Ultimate Car of the Year, while the National Highway Traffic Safety Administration awarded Model X 5-star safety ratings in every category and sub-category.

In 2017, Tesla began deliveries of Model 3, a mass-market electric vehicle with more than 320 miles of range, and unveiled Tesla Semi, which is designed to save owners at least $200,000 in fuel costs over a million miles. As well as the Model Y compact SUV, which began deliveries to customers early in 2020, Tesla unveiled Cyber truck, which will have better utility than a traditional truck and more performance than a sports car.