Elon Musk departs after a welcome ceremony with President Donald Trump and China's President Xi Jinping at the Great Hall of the People on May 14, 2026, in Beijing. | Mark Schiefelbein, AP file
Published on June 24, 2026 at 12:55 pm
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Trillionaire Elon Musk bought the assets of Jacksonville-based APR Energy, according to a Federal Trade Commission filing.
Duos Technologies Group Inc., which owned 5% of the business, disclosed the sale May 28 in a Securities and Exchange Commission filing but did not identify the buyer. No other announcement of the sale was made.
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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 the rest of this story at the Jacksonville Daily Record, a Jacksonville Today news partner.
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