Elon Musk Sees Inflation Dip as Tesla Commodity Prices Trend Down
Elon Musk says in Twitter posts that inflation might be trending down, noting that more Tesla commodity prices are trending down than up.
Musk said last week that he thought inflation would decline towards the end of the year, also citing commodity prices.
Musk was separately asked by a Twitter user whether Tesla prices would increase, to which he said “too early to say for sure.”
Elon Musk fires back at Twitter in court battle
(AFP) Elon Musk on Friday filed claims against Twitter as he fights back against the tech firm's lawsuit demanding he be held to his $44 billion buyout deal.
Musk's counter-suit was submitted along with a legal defense against Twitter's claim that the billionaire is contractually bound to complete the deal he inked in April to buy Twitter, the Chancery Court in the state of Delaware said in a notice.
The 164-page filing was submitted as being "confidential," meaning the documents were not accessible by the public, the notice indicated.
Rules of the court, however, require Musk to submit a public version of the filing with trade secrets or other sensitive information redacted.
A judge has ordered a five-day trial over Twitter's lawsuit against Musk to begin on October 17.
The Tesla boss wooed Twitter's board with a $54.20 per-share offer, but then in July announced he was "terminating" their agreement on accusations the firm misled him regarding its tally of fake and spam accounts.
Twitter, whose stock price closed at $41.61 on Friday, has stuck by its estimates regarding accounts run by software "bots" rather than people, and argued that Musk is contriving excuses to back out of the contract.
The social media platform has urged shareholders to endorse the deal, setting a vote on the merger for September 13.
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