Elon Musk challenges Twitter CEO Parag Agrawal to a debate on bots

Centi-billionaire Elon Musk provoked Twitter and challenged the company’s CEO Parag Agrawal to a “public debate” about fake accounts and spam in the midst of a contentious legal battle over a $44 billion acquisition. Musk filed a bid with the Securities and Exchange to acquire Twitter back in April this year. After the companies agreed … Read more

California DMV says Tesla FSD, Autopilot marketing deceptive

Brand new Tesla cars sit in a parking lot at a Tesla showroom on June 27, 2022 in Corte Madera, California. Justin Sullivan | Getty Images News | Getty Images The California Department of Motor Vehicles has accused Tesla of engaging in deceptive practices around the marketing of its driver assistance systems, which are branded … Read more

Twitter-Musk drama escalates in legal filings claiming bad behavior

The Twitter-Elon Musk saga continued this week, as the two parties traded barbs in legal filings ahead of a five-day trial that’s scheduled to start Oct. 17. Newly released legal documents from lawyers representing Musk in a countersuit against Twitter claim the social media company engaged in a scheme to “mislead investors” by providing false … Read more

Elon Musk predicts mild 18-month recession, teases share buybacks

Tesla CEO Elon Musk gestures as he visits the construction site of Tesla’s Gigafactory in Gruenheide near Berlin, Germany, August 13, 2021. Patrick Pleul | Reuters At the Tesla 2022 shareholders’ meeting on Thursday, investors asked CEO Elon Musk how the company plans to spend its money in coming years, and about his global economic … Read more

These stocks are the key to the market going higher for the rest of the summer

Tech led the summer rally, and it needs to keep up the momentum if the market is going to continue higher into September, strategists say. The S & P technology sector scored a roughly 13.5% gain in July. Those stocks are represented in the Technology Select Sector SPDR fund, which was down about 0.6% in … Read more

Tesla, Apple, Snowflake, Ross, Pinterest

Here are Tuesday’s biggest analyst calls biggest calls on Wall Street: BTIG downgrades Snowflake to neutral from buy BTIG downgraded the stock after its field checks indicated slowing growth and rising competition for the cloud company. “We are downgrading SNOW to a Neutral rating from Buy. In short, our most recent field checks are downticked, … Read more

David Einhorn says he likes companies with big buybacks, unveils a Twitter bet

Greenlight Capital’s David Einhorn, coming off his best quarter ever, revealed how he managed to beat the market during its recent turmoil and unveiled a fresh bet on Twitter. His hedge fund returned 8.4% in the second quarter of 2022, bringing its first-half performance to 13.2%. The relative quarterly performance to the S & P … Read more

Ford CEO Farley outlined plans for the automaker’s electric vehicle shift

Electric vehicle batteries are in short supply, and costs for materials such as nickel and cobalt are surging. Yet legacy automaker Ford Motor says it plans to be profitably building millions of EVs a year in just four years. This week, the Detroit automaker gave investors a little more clarity about how it plans to … Read more

Elon Musk countersues Twitter over merger, filing confidential

Tesla CEO Elon Musk. Patrick Pleul | AFP | Getty Images Elon Musk countersued Twitter on Friday, intensifying the conflict between the Tesla CEO and the social networking company he agreed to buy, but the lawsuit is not yet available to the public. It wasn’t clear why Musk asked the court to keep details of … Read more

Crypto market stands like Nasdaq in the early 2000s. Here’s why

Hello! Welcome back to Distributed Ledger, our weekly crypto newsletter that reaches your inbox every Thursday. I’m Frances Yue, crypto reporter at MarketWatch, and I’ll walk you through the latest in this bear market. Find me on Twitter at @FrancesYue_ to send feedback, or tell us what you think we should cover. You can also … Read more