Remove Companies Remove Delaware Remove Price Remove Purchase
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Elon Musk sued in another ridiculous lawsuit from Tesla shareholder

Teslarati

It then states that Musk sold the shares at pumped prices and used the proceeds to purchase X, the social media platform that was once called Twitter. million, based on the stock price at the time of writing. ERSRI filed the suit on Tuesday in the Delaware Chancery Court. Tesla is incorporated as a company in Delaware.

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Tesla price targets drop for varying reasons, but some feel like a reach

Teslarati

Tesla ( NASDAQ: TSLA ) price targets were dropped by several firms due to varying reasons, but some feel like a reach. As of February 6, shares are down over 25 percent, and the slide truly started to get intense after the company’s Q4 Earnings Call. Potter trimmed his price target to $225 from $295. This is one of them.

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Valero to Permanently Close 210,000 bpd Delaware City Refinery

Green Car Congress

Valero Energy Corporation intends to permanently shut down its Delaware City, Delaware refinery due to financial losses caused by very poor economic conditions, significant capital spending requirements and high operating costs. Valero Delaware City Refinery. Click to enlarge. —Valero Chairman and CEO Bill Klesse.

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Lordstown Motors files for Chapter 11, sues Foxconn; selling off Endurance electric pickup

Green Car Congress

According to the lawsuit, Foxconn simply used its variety of contractual arrangements with the Company as a tool to destroy Lordstown’s business, while leveraging resources gained through the partnership to advance its own business interests. Earlier post.)

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Twitter locks employee stock accounts amid Elon Musk buyout expectations

Teslarati

Days before the deadline to finalize the company’s deal with Elon Musk, Twitter Inc. The move suggests that the social media company is hopeful the deal with the Tesla CEO will be finalized. A Delaware court has directed Elon Musk, the CEO of Tesla Inc., has frozen the equity award accounts for employees.

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What Elon Musk’s need to expand Tesla control looks like for bulls

Teslarati

Some believe his sale of Tesla stock to fund his purchase of Twitter should not be forgotten. Tesla’s AI projects are a big part of the company’s stock price. Many believe that Tesla is just an automaker, which is how they argue the price of shares is largely inflated.

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Twitter refuses Elon Musk’s renewed $44B bid

Teslarati

Twitter is refusing to accept Elon Musk’s renewed bid of $44 billion for the social media company, according to a report from The Associated Press citing Elon Musk’s attorneys. This news comes after reports of Elon Musk’s asking the Delaware court to halt the upcoming trial.