Last week, the court rejected Elon’s request for a preliminary injunction, finding that he hadn’t “demonstrated likelihood of success on the merits” of his claims. In fact, the court went further, dismissing several of his claims from the case entirely. This ruling brings us a big step closer to putting this ridiculous lawsuit to rest.

As Elon is finding out, facts matter - especially in court. And the most important fact is one that he keeps twisting: The non-profit isn’t going anywhere. Despite what Elon claims, there is no non-profit “conversion” in the cards.

We welcome the opportunity to make it clear in court that we fully intend to (1) keep the non-profit as a crucial part of our work to achieve our mission, and (2) make sure it’s not just supported by a successful business, but in a stronger position than ever. It’s also important to note that we’ve had for-profit subsidiaries for years now - any new structure will simply ensure that business can even better support the non-profit.

Our Board has been very clear⁠ that we intend to strengthen the non-profit so that it can deliver on its mission for the long term. We're not selling it, we're doubling down on its work. It will have a significant stake in our proposed public-benefit corporation, making it one of the most well-resourced non-profits in history.