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Elon Musk, looking for backers, is reportedly willing to boost personal Twitter investment to $15B

Credit: @Gf4Tesla/Twitter

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Tesla CEO Elon Musk is reportedly willing to boost his investment into social media platform Twitter to as high as $15 billion while continuing to look for financial backers who could help perform a traditional buyout. Musk’s $43 billion bid to take over Twitter last week was effectively stagnated as the company announced its intentions to use a “poison pill” to foil the Tesla CEO’s bid.

The New York Post said in a report citing two people close to the situation that Musk is willing to invest between $10 billion and $15 billion of his own money to take Twitter private. Musk, who disclosed ownership in Twitter in a filing with the SEC earlier this month, has a 9.1 percent ownership stake in the platform, which is worth $3.4 billion currently. He is the largest individual shareholder of Twitter, as Vanguard overtook Musk as the largest shareholder of the social media platform on April 8.

Musk is also considering bringing on partners and may use other strategies to up his offer to buy Twitter. The CEO “may also be willing to borrow against his current stake” in the company, which could add several billion dollars to his offer. Other strategies include combining cash with co-investors, which would establish “a giant cash equity infusion,” making the bid near impossible to decline. However, the report states that some investors appear to be hesitant to move into the deal because of “his pattern of unpredictable behavior and taste for controversy.”

“The co-investors will combined have more equity than Musk, but he will be the biggest single holder,” one of the sources said in the report. Sources also said Musk had tapped Morgan Stanley to raise an additional $10 billion in debt against Twitter to perform a traditional leveraged buyout.

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LIVESTREAM: Tesla CEO Elon Musk to speak at TED2022

About $20 billion, the bulk of the money, will come from co-investors who will finance a tender offer directly to Twitter shareholders, the New York Post reported last week. Musk may have hinted at this over the weekend when he randomly Tweeted the name of a mid-1960s hit from Elvis Presley.

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The tender offer could come in the next ten days as a rough estimate, the sources said. However, the report said Musk is having trouble finding private equity firms to back the bid, as they would rather stay away from possible political controversies and are perhaps shying away from their inability to control Musk, who is the world’s richest person with a net worth of over $273 billion, according to Forbes.

Musk’s potential Twitter takeover has highlighted the CEO’s focus on the crucial nature of free speech. Musk, during a TED Talk interview last week, said the buyout attempt was inspired by the need for an “inclusive arena for free speech.”

LIVESTREAM: Tesla CEO Elon Musk to speak at TED2022

“The civilizational risk is decreased more we can increase the trust of Twitter as a public platform,” he added.

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I’d love to hear from you! If you have any comments, concerns, or questions, please email me at joey@teslarati.com. You can also reach me on Twitter @KlenderJoey, or if you have news tips, you can email us at tips@teslarati.com.

Joey has been a journalist covering electric mobility at TESLARATI since August 2019. In his spare time, Joey is playing golf, watching MMA, or cheering on any of his favorite sports teams, including the Baltimore Ravens and Orioles, Miami Heat, Washington Capitals, and Penn State Nittany Lions. You can get in touch with joey at joey@teslarati.com. He is also on X @KlenderJoey. If you're looking for great Tesla accessories, check out shop.teslarati.com

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SpaceX secures win as US labor board drops oversight case

The NLRB confirmed that it no longer has jurisdiction over SpaceX.

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Credit: SpaceX

SpaceX scored a legal victory after the National Labor Relations Board (NLRB) decided to dismiss a case which accused the company of terminating engineers who were involved in an open letter against founder Elon Musk. 

The NLRB confirmed that it no longer has jurisdiction over SpaceX. The update was initially shared by Bloomberg News, which cited a letter about the matter it reportedly reviewed.

In a letter to the former employees’ lawyers, the labor board stated that the affected employees were under the jurisdiction of the National Mediation Board (NMB), not the NLRB. As a result, the labor board stated that it was dismissing the case.

As per Danielle Pierce, a regional director of the agency, “the National Labor Relations Board lacks jurisdiction over the Employer and, therefore, I am dismissing your charge.”

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The NMB typically oversees airlines and railroads. The NLRB, on the other hand, covers most private-sector employers, as well as manufacturers such as Boeing. 

The former SpaceX engineers have argued that the private space company did not belong under the NMB’s jurisdiction because SpaceX only offers services to “hand-picked customers.” 

In an opinion, however, the NMB stated that SpaceX was under its jurisdiction because “space transport includes air travel” to get to outer space. The mediation board also noted that anyone can contact SpaceX to secure its services.

SpaceX had previously challenged the NLRB’s authority in court, arguing that the agency’s structure was unconstitutional. Jennifer Abruzzo, the NLRB general counsel under former United States President Joe Biden, rejected SpaceX’s claims. Following Abruzzo’s termination under the Trump administration, however, SpaceX asked the labor board to reconsider its arguments. 

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SpaceX is not the only company that has challenged the constitutionality of the NLRB. Since SpaceX filed its legal challenge against the agency in 2024, other high-profile companies have followed suit. These include Amazon, which has filed similar cases that are now pending.

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Tesla accuses IG Metall member of secretly recording Giga Berlin meeting

The union has denied the electric vehicle maker’s allegations.

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Credit: Tesla Manufacturing/X

Police seized the computer of an IG Metall member at Tesla Giga Berlin on Tuesday amid allegations that a works council meeting was secretly recorded. 

The union has denied the electric vehicle maker’s allegations.

In a post on X, Gigafactory Berlin plant manager André Thierig stated that an external union representative from IG Metall attended a works council meeting and allegedly recorded the session. Thierig described the event as “truly beyond words.”

“What has happened today at Giga Berlin is truly beyond words! An external union representative from IG Metall attended a works council meeting. For unknown reasons he recorded the internal meeting and was caught in action! We obviously called police and filed a criminal complaint!” Thierig wrote in his post on X.

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Police later confirmed to local news outlet rbb24 that officers did seize a computer belonging to an IG Metall member at the Giga Berlin site on Tuesday afternoon. Tesla stated that employees had contacted authorities after discovering the alleged recording.

IG Metall denied Tesla’s accusations, arguing that its representative did not record the meeting. The union alleged that Tesla’s claim was simply a tactic ahead of upcoming works council elections.

The next works council election at Giga Berlin is scheduled for March 2 to 4, 2026. The facility’s management had confirmed the dates to local news outlets. The official announcement marks the start of the election process and campaign period.

Approximately 11,000 employees are eligible to participate in the vote.

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The previous works council election at the plant took place in 2024, and it was triggered by a notable increase in workforce size. Under German labor law, regular works council elections must be held every four years between March 1 and May 31.

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Elon Musk’s xAI plants flag in Bellevue AI hotspot

The lease places xAI’s new office in one of the region’s fastest-growing tech hubs.

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UK Government, CC BY 2.0 , via Wikimedia Commons

Elon Musk’s artificial intelligence company xAI has leased a full floor at Lincoln Square South in downtown Bellevue, WA, as per city permit filings. 

The lease places xAI’s new office in one of the region’s fastest-growing tech hubs.

Public records indicate that xAI leased roughly 24,800 square feet in Lincoln Square South. The location was previously occupied by video game company Epic Games. Lincoln Square South is part of the Bellevue Collection, which is owned by Kemper Development Co.

The lease was first referenced in January by commercial real estate firm Broderick Group, which noted that an unnamed tenant had secured the space, as stated in a report from the Puget Sound Business Journal. Later filings identified xAI as the occupant for the space.

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xAI has not publicly commented on the lease.

xAI hinted at plans to open an office in the Seattle area back in September, when the startup posted job openings with salaries ranging from $180,000 to $440,000. At the time, the company had narrowed its location search to cities on the Eastside but had not finalized a lease.

xAI’s Bellevue expansion comes as Musk continues consolidating his businesses. Last week, SpaceX acquired xAI in a deal that valued the artificial intelligence startup at $250 billion. SpaceX itself is now valued at roughly $1.25 trillion and is expected to pursue an initial public offering (IPO) later this year.

Musk already has a significant presence in the region through SpaceX, which employs about 2,000 workers locally. That initiative, however, is focused largely on Starlink satellite development.

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Bellevue has increasingly become a center for artificial intelligence companies. OpenAI has expanded its local office footprint to nearly 300,000 square feet. Data infrastructure firms such as Crusoe and CoreWeave have also established offices downtown.

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