Billionaire Elon Musk paid $44 billion to acquire social media platform Twitter, which he later rebranded to X. The valuation of the platform has declined sharply since the 2022 purchase with Fidelity marking the value down by 72% as of December.

A process server gave the civil summons and other documents on March 14 to a security guard at the Brownsville, Texas, headquarters of SpaceX, the space technology company of which Musk is CEO, the filing said.

As Tesla sales stall across Europe and the company's net income drops, many have been left to wonder how Musk found himself at the helm of the EV car company despite not actually founding it

Tesla Inc. (TSLA) shares rose on Friday morning after CEO Elon Musk urged employees to “hang on” to their stock in an all-hands meeting broadcast on social media platform X (formerly Twitter). Tesla shares have dropped by over 35% this year after initial investor optimism about a favorable regulatory environment under President Trump’s administration faded.