Rising prices and economic difficulties are worrying citizens, not only in Spain, since the world, after the covid and waiting for the military conflicts not to intensify, is aware of what can happen to the economy. This is why, coming from the business world, some of its most prominent leaders wanted to make their own analysis of the situation without forgetting to launch a prophecy for the nearest future. In this case, Elon Musk.
Elon Musk launches his prophecy on rising prices
Elon Musk is one of the most publicized billionaires in the world. While he is world famous for leading the company Tesla, dedicated primarily to the development of electric cars, his forays into the aerospace industry and his latest takeover attempt also stand out: Twitter. There has been a lot of talk about Elon Musk’s takeover bid for the little blue bird social network, an operation that threatens to end in court.
Still, during a meeting with Tesla shareholders held in Austin, the capital of the state of Texas in the United States, on Thursday, Musk assured that he believed inflation had reached its peak and that, in the future, it would end. .. for playing on a fast downhill.
In this way, according to the South African-born multimillionaire, the rise in prices would have already reached a maximum, thus relieving the pockets of so many consumers that every time we go to the supermarket we see how much the price of basket keeps going up.
Elon Musk’s prophecies do not end there, since he also made a point of explaining that he considered that in a short time the price of raw materials and other components for the manufacture of his cars would also end up fall. Of course, there may be downsides to this prophecy from Musk, who suggested the US recession would only last 18 months. He himself assumed that this was speculation and that no one really knows what can happen if we see events such as an escalation of the conflict between China and the United States over the Taiwan Island.
Twitter’s plan to ‘escape’ Elon Musk
For its part, Twitter refuted on Thursday the last arguments of businessman Elon Musk to “evade” the purchase contract of the social network while his battle continues to be tense before a US commercial litigation court. Twitter President Bret Taylor today shared in a post from the social network a 127-page document to respond to certain arguments Musk recently delivered confidentially in court to oppose the social network’s lawsuit.
In July, Twitter sued Musk in a Delaware court to force him to acquire the company after it tried to nullify the deal, claiming the social network failed to provide fake account numbers it needed. Last Friday, the Tesla founder filed a counterclaim against Twitter that has not been made public in case the company demands to hide sensitive information in his arguments, to which he responded directly today.
Taylor said Musk’s countersuit arguments “are factually incorrect, legally insufficient and commercially irrelevant”, and that the company is “awaiting trial”. “According to Musk, he – the billionaire founder of several companies, advised by bankers and Wall Street lawyers – was tricked by Twitter into signing a $44 billion purchase agreement,” the document begins.
Company cites and refutes one by one more than two hundred paragraphs of Musk’s confidential counter-suit, in which he accuses Twitter of failing to give him false account numbers and of manipulating ‘key metrics’ of active users . Twitter describes the arguments, which include “a new set of excuses,” as an “implausible story” created “to escape a buy deal that Musk no longer found appealing” once the stock and its assets lost. value.
The trial between Twitter and Musk to settle the dispute over the acquisition of the social network will begin on October 17, unless the two parties agree on another date, and will last five days, according to recent communications from the court.