FILE – Elon Musk departs after a welcome ceremony with President Donald Trump and China’s President Xi Jinping at the Great Hall of the People, Thursday, May 14, 2026, in Beijing. (AP Photo/Mark Schiefelbein, File) (Mark Schiefelbein, Copyright 2026 The Associated Press. All rights reserved.)
JACKSONVILLE, Fla. – Trillionaire Elon Musk bought the assets of Jacksonville-based APR Energy, according to a Federal Trade Commission filing, according to our news partners at the Jacksonville Daily Record.
Duos Technologies Group Inc., which owned 5% of the business, disclosed the sale in a May 28 Securities and Exchange Commission filing but did not name the buyer. No other announcement of the sale was made.
However, a notice on the FTC’s website shows the agency issued an early termination notice for the deal May 14, meaning there would be no further antitrust review.
The FTC notice lists Elon Musk as the buyer of the entity called New APR Energy LLC.
Read more on the Jacksonville Daily Record.
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