News
U.S. House Republican to FTC: Preserve records of Elon Musk’s Twitter acquisition
U.S. Representative Jim Jordan, who is the top Republican on the House of Representatives Judiciary Committee, is requesting the Federal Trade Commission (FTC) preserve any records related to Tesla CEO Elon Musk’s acquisition of social media platform Twitter.
Jordan expressed a level of concern regarding a request from the Open Markets Institute (OMI), which called for the FTC and FCC (Federal Communications Commission) to investigate and stop the $44 billion acquisition of Twitter by Musk. Jordan called OMI “an extreme left-wing political organization,” and accused the group of limiting free speech.
“OMI claims without evidence that Mr. Musk’s purchase is a ‘threat to free communications and debate in the United States.’ In reality, Mr. Musk has proposed ‘softening [Twitter’s] stance on content moderation,’ which will increase speech, and he has said that ‘Twitter should be more cautious when deciding to take down tweets or permanently ban users’ accounts.’ OMI’s desire to restrict and suppress free speech online helps explain why it supports a package of ill-advised Democrat-led antitrust bills that will lead to more censorship, and thus less speech, in the digital arena,” Jordan said.
— Rep. Jim Jordan (@Jim_Jordan) May 4, 2022
“We are concerned that OMI – where you were previously employed as Legal Director – may be trying to leverage its close relationship with you to take action to further limit free speech online,” Jordan said in the letter to the FTC.
Just after the Twitter deal was announced, reports stated the FTC was looking into whether Musk obliged with an antitrust reporting requirement as he began to stock up on shares of Twitter in late January. A report from The Information showed the FTC was concerned about whether Musk was “initially buying as someone who wanted to influence Twitter management or whether he saw himself as more of a passive shareholder.”
Musk’s purchase of Twitter shares may have also violated SEC deadlines of when shareholders are required to disclose they own more than 5 percent of a public company. Musk filed his disclosure three weeks after he passed the 5 percent threshold, which is a violation of the agency’s timeframe.
Jordan has been vocally supportive of Musk’s purchase of Twitter, especially as the Tesla CEO’s main reasoning for acquiring the platform was to fight censorship through open-sourcing the network’s algorithm. Musk said Twitter was comparable to a 2022 version of a Town Square and is needed because it is an “inclusive arena for free speech.” Jordan believes that Musk may bring some Republican politicians who have been banned from the platform back by reactivating their accounts.
“We are concerned that OMI – where you were previously employed as Legal Director – may be trying to leverage its close relationship with you to take action to further limit free speech online,” Jordan said in the letter to FTC Chair Lina Khan. “Furthermore, this letter serves as a formal request to preserve all records and materials relating to Mr. Musk’s pending acquisition of Twitter. You should construe this preservation notice as an instruction to take all reasonable steps to prevent the destruction or alteration, whether intentionally or negligently, of all documents, communications, and other information, including electronic information and metadata, that is or may be potentially responsive to this congressional inquiry.”
Musk and Twitter reached a deal for $44 billion, or $54.20 per share for the platform, on April 25.
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Elon Musk
Brazil Supreme Court orders Elon Musk and X investigation closed
The decision was issued by Supreme Court Justice Alexandre de Moraes following a recommendation from Brazil’s Prosecutor-General Paulo Gonet.
Brazil’s Supreme Federal Court has ordered the closure of an investigation involving Elon Musk and social media platform X. The inquiry had been pending for about two years and examined whether the platform was used to coordinate attacks against members of the judiciary.
The decision was issued by Supreme Court Justice Alexandre de Moraes following a recommendation from Brazil’s Prosecutor-General Paulo Gonet.
According to a report from Agencia Brasil, the investigation conducted by the Federal Police did not find evidence that X deliberately attempted to attack the judiciary or circumvent court orders.
Prosecutor-General Paulo Gonet concluded that the irregularities identified during the probe did not indicate fraudulent intent.
Justice Moraes accepted the prosecutor’s recommendation and ruled that the investigation should be closed. Under the ruling, the case will remain closed unless new evidence emerges.
The inquiry stemmed from concerns that content on X may have enabled online attacks against Supreme Court justices or violated rulings requiring the suspension of certain accounts under investigation.
Justice Moraes had previously taken several enforcement actions related to the platform during the broader dispute involving social media regulation in Brazil.
These included ordering a nationwide block of the platform, freezing Starlink accounts, and imposing fines on X totaling about $5.2 million. Authorities also froze financial assets linked to X and SpaceX through Starlink to collect unpaid penalties and seized roughly $3.3 million from the companies’ accounts.
Moraes also imposed daily fines of up to R$5 million, about $920,000, for alleged evasion of the X ban and established penalties of R$50,000 per day for VPN users who attempted to bypass the restriction.
Brazil remains an important market for X, with roughly 17 million users, making it one of the platform’s larger user bases globally.
The country is also a major market for Starlink, SpaceX’s satellite internet service, which has surpassed one million subscribers in Brazil.
Elon Musk
FCC chair criticizes Amazon over opposition to SpaceX satellite plan
Carr made the remarks in a post on social media platform X.
U.S. Federal Communications Commission (FCC) Chairman Brendan Carr criticized Amazon after the company opposed SpaceX’s proposal to launch a large satellite constellation that could function as an orbital data center network.
Carr made the remarks in a post on social media platform X.
Amazon recently urged the FCC to reject SpaceX’s application to deploy a constellation of up to 1 million low Earth orbit satellites that could serve as artificial intelligence data centers in space.
The company described the proposal as a “lofty ambition rather than a real plan,” arguing that SpaceX had not provided sufficient details about how the system would operate.
Carr responded by pointing to Amazon’s own satellite deployment progress.
“Amazon should focus on the fact that it will fall roughly 1,000 satellites short of meeting its upcoming deployment milestone, rather than spending their time and resources filing petitions against companies that are putting thousands of satellites in orbit,” Carr wrote on X.
Amazon has declined to comment on the statement.
Amazon has been working to deploy its Project Kuiper satellite network, which is intended to compete with SpaceX’s Starlink service. The company has invested more than $10 billion in the program and has launched more than 200 satellites since April of last year.
Amazon has also asked the FCC for a 24-month extension, until July 2028, to meet a requirement to deploy roughly 1,600 satellites by July 2026, as noted in a CNBC report.
SpaceX’s Starlink network currently has nearly 10,000 satellites in orbit and serves roughly 10 million customers. The FCC has also authorized SpaceX to deploy 7,500 additional satellites as the company continues expanding its global satellite internet network.
Energy
Tesla Energy gains UK license to sell electricity to homes and businesses
The license was granted to Tesla Energy Ventures Ltd. by UK energy regulator Ofgem after a seven-month review process.
Tesla Energy has received a license to supply electricity in the United Kingdom, opening the door for the company to serve homes and businesses in the country.
The license was granted to Tesla Energy Ventures Ltd. by UK energy regulator Ofgem after a seven-month review process.
According to Ofgem, the license took effect at 6 p.m. local time on Wednesday and applies to Great Britain.
The approval allows Tesla’s energy business to sell electricity directly to customers in the region, as noted in a Bloomberg News report.
Tesla has already expanded similar services in the United States. In Texas, the company offers electricity plans that allow Tesla owners to charge their vehicles at a lower cost while also feeding excess electricity back into the grid.
Tesla already has a sizable presence in the UK market. According to price comparison website U-switch, there are more than 250,000 Tesla electric vehicles in the country and thousands of Tesla home energy storage systems.
Ofgem also noted that Tesla Motors Ltd., a separate entity incorporated in England and Wales, received an electricity generation license in June 2020.
The new UK license arrives as Tesla continues expanding its global energy business.
Last year, Tesla Energy retained the top position in the global battery energy storage system (BESS) integrator market for the second consecutive year. According to Wood Mackenzie’s latest rankings, Tesla held about 15% of global market share in 2024.
The company also maintained a dominant position in North America, where it captured roughly 39% market share in the region.
At the same time, competition in the energy storage sector is increasing. Chinese companies such as Sungrow have been expanding their presence globally, particularly in Europe.
Brazil Supreme Court orders Elon Musk and X investigation closed
FCC chair criticizes Amazon over opposition to SpaceX satellite plan
