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Personal Companies In popular culture
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The personal and business legal affairs of Elon Musk encompass the legal cases involving businessman Elon Musk as the plaintiff, defendant, or concerning his companies.
In July 2024, Musk faces a Texas-based custody battle with Grimes for their three children after Grimes' mother accused him for withhold passport of her grandchildren. [1]
In October 2023, a US Jewish citizen from California sued Musk, accusing him of falsely claiming that he was a neo-Nazi. [2]
Former Twitter executives sued Musk and X Corp. for US$128 million in unpaid severance in March 2024. In the filing, the plaintiffs alleged that Musk had acted in revenge against them personally. [3] A district judge dismissed Musk's bid to dismiss the case on November 1, 2024. [4]
In May 2024, a Tesla shareholder added a complaint to an existing lawsuit by accusing Musk's alleged illicit drug use of jeopardizing Tesla's performance. [5]
In March 2024, Musk sued OpenAI, claiming the company violated its principles. [6] Musk withdrew his lawsuit in June. [7] [8]
In December 2019, a federal court jury dismissed a defamation lawsuit brought by a British cave explorer who Musk had branded a "Pedo guy" on Twitter. [9]
In May 2024, a federal judge dismissed X Corp.'s lawsuit against the Center for Countering Digital Hate, citing a California law against strategic lawsuits against public participation. [10]
In June 2022, Musk, SpaceX, and Tesla were sued for allegedly inflating the price of Dogecoin. [11] A Manhattan judge dismissed the case in August 2024, calling Musk's statements "aspirational". [12]
In July 2024, a US judge dismissed a case brought by former Twitter staff, who accused Musk of "unlawfully denying roughly $500m in severance payments owed to workers fired after his takeover of the company." [13] At least one former employee was awarded unpaid severance in September in a closed-door arbitration. [4]
Musk is funding Gina Carano's wrongful termination lawsuit against The Walt Disney Company. [14]
Elon Reeve Musk is a businessman known for his key roles in the space company SpaceX and the automotive company Tesla, Inc. His other involvements include ownership of X Corp., the company that operates the social media platform X, and his role in the founding of the Boring Company, xAI, Neuralink, and OpenAI. Musk is the wealthiest individual in the world; as of November 2024, Forbes estimates his net worth to be US$323 billion. Musk has been described as an American oligarch due to his extensive influence over public discourse, social media, industry, politics, and government policy.
Tesla, Inc. is an American multinational automotive and clean energy company. Headquartered in Austin, Texas, it designs, manufactures and sells battery electric vehicles (BEVs), stationary battery energy storage devices from home to grid-scale, solar panels and solar shingles, and related products and services.
Gary S. Gensler is an American government official and former investment banker serving as the chair of the U.S. Securities and Exchange Commission (SEC). Gensler previously worked for Goldman Sachs and has led the Biden–Harris transition's Federal Reserve, Banking, and Securities Regulators agency review team. Prior to his appointment, he was professor of Practice of Global Economics and Management at the MIT Sloan School of Management.
Samuel Harris Altman is an American entrepreneur and investor best known as the chief executive officer of OpenAI since 2019. He is also the Chairman of clean energy companies Oklo Inc. and Helion Energy. Altman is considered to be one of the leading figures of the AI boom. He dropped out of Stanford University after two years and founded Loopt, a mobile social networking service, raising more than $30 million in venture capital. In 2011, Altman joined Y Combinator, a startup accelerator, and was its president from 2014 to 2019.
Dogecoin is a cryptocurrency created by software engineers Billy Markus and Jackson Palmer, who decided to create a payment system as a joke, making fun of the wild speculation in cryptocurrencies at the time. It is considered both the first "meme coin", and more specifically the first "dog coin". Despite its satirical nature, some consider it a legitimate investment prospect. Dogecoin features the face of Kabosu from the "doge" meme as its logo and namesake. It was introduced on December 6, 2013, and quickly developed its own online community, reaching a peak market capitalization of over US$85 billion on May 5, 2021. As of 2021, it is the sleeve sponsor of Watford Football Club.
OpenAI is an American artificial intelligence (AI) research organization founded in December 2015 and headquartered in San Francisco, California. Its stated mission is to develop "safe and beneficial" artificial general intelligence (AGI), which it defines as "highly autonomous systems that outperform humans at most economically valuable work". As a leading organization in the ongoing AI boom, OpenAI is known for the GPT family of large language models, the DALL-E series of text-to-image models, and a text-to-video model named Sora. Its release of ChatGPT in November 2022 has been credited with catalyzing widespread interest in generative AI.
Alexander Benjamin Spiro is an American attorney. He is a partner at the New York office of Quinn Emanuel Urquhart & Sullivan. Over his career he has represented multiple celebrity clients including Elon Musk, Jay-Z, MrBeast, Eric Adams, and Alec Baldwin.
TSLAQ is a loose, international collective of largely anonymous short-sellers, skeptics, and researchers who openly criticize Tesla, Inc. and its CEO Elon Musk. The group primarily organizes on social media, often using the $TSLAQ cashtag, and on Reddit to coordinate efforts and share news, opinions, and analysis about the company and its stock. Edward Niedermeyer, in his book Ludicrous: The Unvarnished Story of Tesla Motors (2019), pinpoints the July 2018 doxxing of Twitter user Lawrence Fossi, a Seeking Alpha writer and Tesla short seller operating under the pseudonym Montana Skeptic, as the catalyst for the formation of TSLAQ.
Elon Musk is the CEO or owner of multiple companies including Tesla, SpaceX, and X Corp, and has expressed many views on a wide variety of subjects, ranging from politics to science.
Tesla, Inc. has been criticized for its cars, workplace culture, business practices, and occupational safety. Many of the criticisms are also directed toward Elon Musk, the company's CEO and Product Architect. Critics have also accused Tesla of deceptive marketing, unfulfilled promises, and fraud. The company is currently facing criminal and civil investigations into its self-driving claims. Critics have highlighted Tesla's downplaying of issues, and Tesla's alleged retaliation against several whistleblowers.
Optimus, also known as Tesla Bot, is a general-purpose robotic humanoid under development by Tesla, Inc. It was announced at the company's Artificial Intelligence (AI) Day event on August 19, 2021, and a prototype was shown in 2022. CEO Elon Musk stated in 2022 that he thinks Optimus "has the potential to be more significant than [Tesla's] vehicle business over time." Media and expert opinions based on corporate showcases have been mixed.
The business magnate Elon Musk initiated an acquisition of American social media company Twitter, Inc. on April 14, 2022, and concluded it on October 27, 2022. Musk had begun buying shares of the company in January 2022, becoming its largest shareholder by April with a 9.1 percent ownership stake. Twitter invited Musk to join its board of directors, an offer he initially accepted before declining. On April 14, Musk made an unsolicited offer to purchase the company, to which Twitter's board responded with a "poison pill" strategy to resist a hostile takeover before unanimously accepting Musk's buyout offer of $44 billion on April 25. Musk stated that he planned to introduce new features to the platform, make its algorithms open-source, combat spambot accounts, and promote free speech, framing the acquisition as the cornerstone of X, an "everything app".
Shivon Alice Zilis is a Canadian technology executive and venture capitalist.
X Corp. is an American technology company headquartered in Bastrop, Texas. Established by Elon Musk in 2023 as the successor to Twitter, Inc., it is a wholly owned subsidiary of X Holdings Corp., which is itself mostly owned by Musk. The company owns the social networking service X, and has announced plans to use it as a base for other offerings. While the official name of the company and social network is now X, many users and media outlets continue to refer to it as Twitter.
Jared John Birchall is an American business executive and a former banker. He is the chief executive officer of neurotechnology company Neuralink and the wealth manager of billionaire entrepreneur Elon Musk since 2016. As Musk's adviser, right-hand man, and fixer, Birchall holds executive or administrative positions in other endeavors of his including the Boring Company, Musk Foundation, xAI, and managing his family office.
On February 29, 2024, Elon Musk sued OpenAI, its Chief Executive Sam Altman, and its President Greg Brockman. Musk accuses the company of violating its founding agreement by prioritizing profits over AI safety.
The Musk family includes Maye Musk, a model and author, Errol Musk, a businessman and politician, their children Elon Musk, Kimbal Musk, and Tosca Musk as well as Lyndon Rive. Elon Musk's ex-wives are Justine Musk and Talulah Riley, and he has a large number of children.
Kate Conger is an American journalist and writer who works for The New York Times. She has previously worked as a reporter at Gizmodo and TechCrunch. She is the co-author of 2024's Character Limit: How Elon Musk Destroyed Twitter.