Back in 2018, Musk claimed he had lined up the financing to pay for a $72 billion buyout of Tesla. But that never happened.
A 2018 Elon Musk tweet made it seem as if he'd lined up the financing to pay for a $72B buyout of Tesla. Now he's facing trial in San Francisco.While still grappling with the fallout from a company he did take private, beleaguered billionaire Elon Musk is now facing a trial over a company he didn't.
But the buyout never materialized and now Musk will have to explain his actions under oath in a federal court in San Francisco. The trial, which begins on Tuesday with jury selection, was triggered by a class-action lawsuit on behalf of investors who owned Tesla stock for a 10-day period in August 2018.
Chen dealt Musk another setback on Friday, when he rejected Musk's bid to transfer the trial to a federal court in Texas, where Tesla moves its headquarters in 2021. Musk had argued that negative coverage of his Twitter purchase had poisoned the jury pool in the San Francisco Bay Area.
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Elon Musk denied bid to move Tesla tweet trial to Texas, federal judge rulesA federal judge has ruled that Elon Musk cannot move a trial over a misleading tweet from California to Texas, the home of Tesla, where he remains CEO.
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Here's what's at stake in Elon Musk's Tesla tweet trialIn 2018, Musk tweeted he had secured enough funding to take Tesla private, but a deal never materialized. A trial over the risk he brought to shareholders could further tarnish the CEO's reputation.
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Here's what's at stake in Elon Musk's Tesla tweet trialIn 2018, Musk tweeted he had secured enough funding to take Tesla private, but a deal never materialized. A trial over the risk he brought to shareholders could further tarnish the CEO's reputation.
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Elon Musk's next drama: a trial over his tweets about TeslaSAN FRANCISCO (AP) — While still grappling with the fallout from a company he did take private, beleaguered billionaire Elon Musk is now facing a trial over a company he didn't. Long before Musk purchased Twitter for $44 billion in October, he had set his sights on Tesla, the electric automaker where he continues to serve as CEO and from which he derives most of his wealth and fame.
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Elon Musk’s next drama: A trial over his tweets about TeslaWhile still grappling with the fallout from a company he did take private, beleaguered billionaire Elon Musk is now facing a trial over a company he didn’t.
Weiterlesen »