Texas is now home to a company that isn't valued anywhere close to what it was during its California heyday. Elon Musk's X has seen its value drop dramatically from when he purchased it for $44 billion in 2022.

The social media platform X has retained less than a quarter of its worth in the two years since Elon Musk bought it for $44 billion, new Fidelity reporting suggests. The investment company that helped Musk buy Twitter in October 2022 slashed the value of its holding by 78.

Elon Musk’s X is worth a little more than one-fifth of the $44 billion he paid to acquire the social media platform formerly known as Twitter, according to Fidelity, the latest in a series of valuation cuts by Fidelity since Musk’s takeover in 2022.

Tesla and its CEO Elon Musk on Monday won the dismissal of a lawsuit accusing them of defrauding shareholders by overstating the effectiveness and safety of the automaker's self-driving technology in order to boost its stock price.

Tesla and CEO Elon Musk got a big win in court when the automaker won the dismissal of a shareholder lawsuit that alleged misleading statements about the capabilities of self-driving were said to prop up its stock price.

Tesla and CEO Elon Musk scored another win Tuesday when a federal judge dismissed a lawsuit accusing them of defrauding shareholders over the safety and effectiveness of the company’s driver-assist technology.