Elon Musk boasts about Tesla ‘fighting heatwaves’ as Twitter threatens $1BILLION lawsuit over deal chaos
ELON Musk has carried on tweeting since withdrawing his $44billion dollar bid to buy Twitter. The richest man in the world has good news for Tesla owners struggling to beat the heat this summer. Musk shared a post touting Tesla vehicles’ Cabin Overheat Protection feature, which prevents the summer struggle of getting into a hot […]
ELON Musk has carried on tweeting since withdrawing his $44billion dollar bid to buy Twitter.
The richest man in the world has good news for Tesla owners struggling to beat the heat this summer.
Musk shared a post touting Tesla vehicles’ Cabin Overheat Protection feature, which prevents the summer struggle of getting into a hot car that’s been parked in the Sun.
“Tesla’s automatic cabin overheat protection should make a real difference with record heatwaves,” he tweeted to his 100million followers.
Meanwhile, lawyers from both sides are examining the rubble from Musk’s blown-up Twitter negotiation.
Aaron Ross Sorkin reported for The New York Times that Twitter will likely file suit against Musk this week in Delaware, where the company is incorporated.
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But even with a lawsuit looming, Musk and Tesla are thundering ahead.
Auto Evolution reported that the Tesla Model 3 will kick on Cabin Protection Mode when the vehicle’s internal temperature surpasses 105 degrees Fahrenheit.
The Cabin Overheat Protection feature won’t make a parked car a safe place for pets or children, but it’s a clever innovation designed to make Teslas more comfortable and more desirable.
Tesla is far more agile than most legacy car companies, bringing its Silicon Valley-inspired startup attitude to the automotive industry.
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When the Twitter acquisition was in play, Musk leveraged billions in Tesla stock to finance the bid – the stock sank below $700 in short order.
With Musk pulling out of the Twitter deal, there is financial ground to recover for Tesla shareholders and to stave off competition.
As Tesla gets back to business-as-usual, Twitter is floundering.
Reporters have argued that the social media giant is worse off now than before Musk made a bid to buy it.
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At the end of the day, Musk always wins – Reuters reported that he sold $8.5billion worth of Tesla stock to prop up part of his Twitter bid when the stock price was nearly $900 a share.
Now that the deal is off, that cash is banked – but Twitter may be coming for some of it as part of a $1billion dollar termination clause.
