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Twitter and Elon Musk head to court for $44bn buyout in trial starting Oct. 17

Credit: Twitter | MINISTÉRIO DAS COMUNICAÇÕES, CC BY 2.0 , VIA WIKIMEDIA COMMONS |

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Twitter and Tesla CEO Elon Musk will head to court on October 17 to resolve the $44 billion deal between the two entities, which has taken a drastic turn for the worst in the past few months.

In April, Twitter accepted Musk’s $44 billion buyout for the social media platform. Musk, who runs multiple companies, including Tesla and SpaceX, made it clear he would back out of the deal after claiming Twitter did not accurately portray the number of bot accounts on the platform.

Twitter, Elon Musk will head to five-day trial in October to settle $44bn buyout

Twitter then decided it would sue Musk for the $1 billion termination fee, attempting to prove that Musk has no grounds to terminate the deal without paying the clause’s hefty price tag. The case ultimately headed to a pre-trial hearing earlier this month, where a Federal Judge ruled the case would be five days long and take place in October.

A date has officially been set for the first day of trial, which is Monday, October 17. Musk is required to reveal any claims against the company by 5 P.M. EDT on Friday, July 29.

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Reuters said Musk’s attorneys have stated he could file counterclaims where he could seek damages for the now-fallen-through deal.

Musk’s legal team pushed for the case to be held in April 2023 so it could gather evidence that Twitter’s spam/scam account population was higher than the 5 percent the company listed in recent SEC documents. Chancellor Kathleen McCormick ruled the case would be held in October instead, not seeing enough evidence that Musk’s legal team needed until April to obtain proper studies on Twitter’s bot population.

Twitter Shareholders are also being urged by the company to vote to approve the buyout from Musk.

“Today, we filed a definitive proxy statement in connection with the Special Meeting of Stockholders to approve the proposed acquisition of Twitter by affiliates of Elon Musk. The Twitter Board of Directors recommends that stockholders vote in favor of the transaction (“FOR”),” the company wrote in a filing published earlier this week.

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.

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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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Elon Musk

Tesla Cybercab steering wheel dilemma gets final answer from Elon Musk

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Credit: Tesla/YouTube

Tesla Cybercab is the company’s autonomy-geared automobile that will eventually begin the phase-out of human drivers. In recent days, however, there has been speculation regarding the vehicle’s equipment and whether it would be fitted with a typical steering wheel and pedals.

CEO Elon Musk put an end to this discussion, at least for now, as he maintains the vehicle will not have anything that would remotely resemble any possibility of any sort of manual operation.

The problem is, there is a flaw in his logic, and his justification for the reasoning is an opinion. But Musk has a special ability; he has the final say on what goes on at Tesla, and if he does or doesn’t want manual controls in the new vehicle, he’ll get his way.

On the All In Podcast on Friday, Musk gave his final answer to whether the Cybercab would have a steering wheel or pedals by stating it would not when the production units start rolling off lines in Q2 2026.

He provided a further explanation:

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“The reality is, people may think they want to drive their car, but the reality is that they don’t. How many times have you been in an Uber or Lyft and said ‘I wish I could take over for the driver, get off my phone, and drive to my destination? 0.0 times.”

Although the units that have been spotted on public roads in recent days are equipped with a steering wheel and pedals, it is because Tesla is testing the vehicle in real-world situations, and manual controls are required for it.

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Tesla Cybercab spotted testing on public roads for the first time

Some Tesla fans in the community have said that the car seems more geared toward being suitable for manual operation as opposed to a fully autonomous vehicle primed for driverless ride-hailing.

Earlier this week, Tesla Board Chair Robyn Denholm said that if the company had to put a steering wheel or pedals into the Cybercab, it would.

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SpaceX sets the record straight on Jim Bridenstine and Artemis 3

SpaceX argued that Bridenstine’s comments should be taken with a grain of salt as he is working as a paid lobbyist for companies that are competing for NASA contracts.

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Credit: SpaceX

SpaceX pushed back firmly against former NASA administrator Jim Bridenstine after he questioned the agency’s reliance on Starship for the Artemis 3 Moon mission. 

In a detailed thread on X, SpaceX argued that Bridenstine’s comments should be taken with a grain of salt as he is working as a paid lobbyist for companies that are competing for NASA contracts.

Bridenstine’s comments on Starship and Artemis 3

Bridenstine and fellow former NASA chief Charlie Bolden noted during a recent symposium that NASA’s current Artemis strategy is approaching zero chance of beating China to the Moon. Bridenstine expressed skepticism that NASA’s current architecture, which is expected to use Starship to transport astronauts to and from the lunar surface, could succeed in time. 

“Starship is a tremendously important vehicle for the future,” Bridenstine said, as per Space News. “It’s going to deliver large mass to low Earth orbit for a long time, and it’s going to drive down costs and increase access. But if you need a moon lander, it’s going to take time.” 

SpaceX responds to the former NASA administrator’s comments

In a series of posts on X, SpaceX noted that while the company is very thankful to the former NASA administrator for helping create the Artemis Program, his comments about Starship might not necessarily be coming from a place of objectivity. 

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SpaceX’s comments are as follows: “Like many Americans, we are thankful for Mr. Bridenstine’s service leading NASA at one point. He deserves credit for spearheading the creation of the Artemis Program. After departing NASA, he created a lobbying firm called the Artemis Group, representing a host of aerospace companies vying for NASA business. 

“Mr. Bridenstine’s current campaign against Starship is either misguided or intentionally misleading. SpaceX was selected to design and develop a Human Landing System for Artemis along with Blue Origin and Dynetics during Mr. Bridenstine’s tenure as NASA Administrator. 

“Starship was then selected by NASA for the Artemis III mission through fair and open competition after being identified as the best and lowest risk technical option – and the lowest price by a wide margin – by the civil servant team appointed to lead the agency’s exploration mission by Mr. Bridenstine himself. 

“The decision to select Starship was confirmed repeatedly following protest and litigation from the companies not selected which delayed the start of work on the contract for many months. Mr. Bridenstine’s recent musings promoting a new landing system – going so far as to invoke the Defense Production Act – are being misreported as though they were the unbiased thoughts of a former NASA Administrator. They are not.

“To be clear, he is a paid lobbyist. He is representing his clients’ interests, and his comments should be seen for what they are – a paid lobbyist’s effort to secure billions more in government funding for his clients who are already years late and billions of dollars overbudget,” SpaceX wrote. 

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Elon Musk

Elon Musk just dropped a huge detail on the Tesla Roadster

“Whether it’s good or bad, it will be unforgettable. My friend Peter Thiel once reflected that the future was supposed to have flying cars, but we don’t have flying cars. I think if Peter wants a flying car, he should be able to buy one.”

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tesla roadster
Credit: Tesla

Elon Musk dropped a huge detail on the Tesla Roadster on his latest appearance on the Joe Rogan Experience podcast.

Tesla has been teasing the Roadster for years. The company has constantly delayed the vehicle, hoping to push its limits past anything that is even imaginable by the human mind.

Earlier this year, the company said it would put on a “most epic demo” for the Roadster, displaying and unveiling all its capabilities, some new, some previously talked about. However, nobody really knows what to expect.

On the JRE Podcast, Musk joined Rogan for an over three-hour conversation about a variety of topics, but Tesla was something that was evidently on the agenda.

One of the parts of the Tesla conversation that is getting a lot of attention is Musk’s new teasing of the Roadster, saying it has “crazy technology” that might not even qualify as an automobile in the classic sense.

Musk confirmed that Tesla is “getting close to demonstrating the prototype,” and said he can guarantee the demo “will be unforgettable.”

He continued:

“Whether it’s good or bad, it will be unforgettable. My friend Peter Thiel once reflected that the future was supposed to have flying cars, but we don’t have flying cars. I think if Peter wants a flying car, he should be able to buy one.”

Musk went on to say, with a smile, that Joe would have to “wait and see” what Tesla had come up with.

He went on:

“I think it has a shot at being the most memorable product unveil ever. [It will be unveiled] hopefully before the end of the year. You know, we need to make sure that it works. This is some crazy technology in this car. Let’s just put it this way: if you took all the James Bond cars and combined them, it’s crazier than that.”

Tesla has said for years that the Roadster would be able to at least hover, thanks to a SpaceX package that would feature cold gas thrusters that would help the vehicle get in the air.

The new Tesla Roadster will be able to fly: Elon Musk

Musk seemed very confident in his answers and very excited to show off what the Tesla Roadster is capable of. The real question is: how long will it take Tesla to get the car to market after the launch and unveiling? How many units will it manufacture? How much will it cost?

All of those things are details we will have to wait for Tesla to reveal at the Roadster event.

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