King Charles Sues Elon Musk Over Rent Payment


Elon Musk has been having financial issues recently right after the Twitter acquisition and has done several drastic changes in the company in order to cut costs.

Now, according to a BBC report, the British corporation called The Crown Estate which manages the properties of King Charles III is suing Musk.

This is because Musk has not paid rent for the company’s London headquarters.

The non-payment is for Twitter’s offices on Air Street in London, which is near Piccadilly Circus. The case has been brought to the London High Court.

The Crown Estate also owns several companies and properties across the UK and its proceeds are managed by the UK Treasury.

The UK, the assets former owner, receives 25 percent of the profits annually to defray its official expenses,

Last month, the landlord of the company’s office in San Francisco sued the social media giant. This was over a breach of contract after they failed to pay rent for its office space located at 650 California Street.

A few weeks ago, employees of Twitter’s Singapore office were asked to work from home as Musk has not paid any rent.

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