Musk tweeted in 2018 that he was poised to take Tesla private, causing a share price whirlwind. Read more at straitstimes.com.
The choosing of jurors who will judge the evidence started in a San Francisco federal courtroom, where Tesla chief Mr Musk was expected to be among those called to testify.
Mr Musk was sued by shareholders for allegedly costing them billions of dollars with the post, which said funding was “secured” to buy out the company’s shareholders. Judge Chen said Mr Musk’s lawyers will argue that any efforts to prove the Tesla tycoon’s tweet was “materially” false, or that shareholders suffered damage because of it, will fail at trial.
Defence lawyers argued that the multibillionaire would be denied a fair trial in San Francisco, where he bought Twitter in late October and has been widely criticised for his decisions since taking over the social media firm.
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