FROM Twitter turmoil hangs like a dark cloud Elon Muskshareholders fear that the CEO may step down from his position in Tesla if forced to buy the platform, but Musk assured them that his talented team would be able to keep going even if he was “kidnapped aliens‘ or returned to his home planet.
The humorous remarks were made during Tesla’s 2022 annual shareholder meeting, held Thursday at the company’s new headquarters in Austin, Texas, and were given during the Q&A portion of the presentation.
The question came from Tesla bull and The Future Fund managing partner Gary Black, who asked, “So how does the board feel about your succession, especially when you’re a judge who will decide in a couple of months if you should take over Twitter. How would you allocate your time?
After making sure the Tesla crowd would live on, Musk said, “I’m not leaving to clear things up.”
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Elon Musk is not worried about the fate of Tesla, even if he has to step down as CEO. He said that the company would succeed even if he was abducted by aliens.
The billionaire went on to explain that Tesla is definitely gaining momentum, and he was referring to an earlier announcement during a presentation that the automaker had recently produced its three millionth electric vehicle since inception in 2004.
“I wonder how many cars we will have in 10 years,” Musk said, taking a quiet pause to think.
“10 years ago we had less than 3,000 cars, and now we have earned three million.”
Someone in the audience quickly yelled out “300 million”, prompting a laugh from Musk, who quickly said “100 million is doable.”
The remarks were made during Tesla’s 2022 annual shareholder meeting held Thursday at the company’s new headquarters in Austin, Texas, and were given during the Q&A portion of the presentation.
The question came from Gary Black, who asked, “So how does the board feel about your succession, especially when you’re a judge who will decide in a couple of months if you should take over Twitter.” How would you allocate your time?
This will be done by expanding four fully operational gigafactories to 12, the billionaire said, and Tesla will likely reveal the location of the new factory later this year.
However, Musk has yet to face a lawsuit filed by Twitter against him.
Tesla’s CEO offered to buy the social media platform for $44 billion but then backed out, saying Twitter didn’t provide enough information about the number of fake accounts on the site.
On Wednesday, Twitter denied in a lawsuit that it had deprived its potential buyer of necessary information or misrepresented details about its business.
The fate of this acquisition, which Musk agreed to without taking the time to study the details of Twitter’s business, now rests in a Delaware court, where Twitter sued to force Musk to complete the deal. The trial is scheduled for October 17th.
The court’s decision could ultimately determine the future of the social platform, which is used daily by 238 million people around the world – a small audience by the standards of Facebook and other large platforms, but it includes political leaders, major artists and experts in a wide variety of fields. items. Until January 2021, it was also home to then US President Donald Trump.
In an unexpected twist, Twitter was able to send its response to Musk before Musk’s own counterclaims became public. On Wednesday, a judge ruled that Musk’s counterclaim would be made public by Friday.
Musk also revealed that Tesla has produced its 3 millionth electric car.
However, parts of Musk’s counterclaim were included in a Twitter response. These include accusing the company of fraud and “drag-and-go tactics” and providing Musk with only “sanitized, incomplete information” in response to his questions about spam accounts and other company metrics.
While Twitter claims Musk is inventing reasons to not buy the company, Musk’s lawyers say it’s Twitter that is holding back the deal by dragging its feet and providing insufficient data for the billionaire’s requests.
In a response filed Thursday with the Delaware Court of Chancery, Twitter calls Musk’s reasoning “a story concocted in an attempt to avoid a merger agreement that Musk no longer found attractive.”
Musk is also handling the Twitter lawsuit he brought up at the meeting. He told the audience that Twitter fit in with the grand vision of his holding company. He said that because he uses Twitter a lot, which has over 100 million followers, he knows what to do with it.
“The counterclaims are a story made for litigation that defies evidence and common sense,” Twitter said in a response. “Musk invents representations that Twitter has never made, and then attempts to selectively use the vast amounts of sensitive data that Twitter has given him to instigate a violation of those supposed representations.”
At the same time, the response said, Musk also accused Twitter of violating their agreement by “blocking” his information requests.
Musk’s reps did not immediately respond to a message for comment on Thursday, although Musk spoke briefly about Twitter at Tesla’s annual shareholder meeting.
He told the audience that Twitter fit in with the grand vision of his holding company. He said that because he uses Twitter a lot, which has over 100 million followers, he knows what to do with it.
“I have a good understanding of the product,” he said. “So I think I have a good idea of where to send the Twitter engineering team to make it radically better,” he said.