Elon Musk claimed in a 2018 tweet that he had lined up the financing to pay for a $72 billion buyout of Tesla. But the buyout never materialized and now Musk will have to explain his actions under oath in a federal court.
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 moved 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.
Elon Musk is a Stanford dropout, co-founder of six companies, including SpaceX and Tesla, and is one of the richest men in the world.
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Elon Musk, Tesla Poised for Trial Over 2018 Tweets Proposing to Take Car Maker PrivateElon Musk is headed to court in a securities-fraud trial over tweets from 2018 in which he floated the possibility of taking Tesla private, with in-person jury selection poised to begin Tuesday
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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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