Technology,
Securities
Jan. 18, 2023
Securities fraud trial against Musk and Tesla begins
On Tuesday, U.S. District Judge Edward M. Chen rejected claims of a tainted jury pool. Prospective panelists said they held varying opinions of Musk from “arrogant” and “narcissistic” to “talented but crazy” and “genius.”
Trial begins today for a securities fraud case against Elon Musk and Tesla Inc. for Musk’s tweets in August 2018, which stated he was “considering taking Tesla private at $420” with “funding secured.”
On Tuesday, U.S. District Judge Edward M. Chen rejected Musk’s attempt to transfer the case to Texas, where Tesla’s headquarters are located. Musk’s lawyers cited negative feelings about the billionaire, especially following mass layoffs tha...
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