Lawyers for Tesla shareholders suing the electric vehicle maker's CEO Elon Musk over a misleading tweet are urging a federal judge to reject the...
SAN FRANCISCO — Lawyers for Tesla shareholders suing the electric vehicle maker’s CEO Elon Musk over a misleading tweet are urging a federal judge to reject the billionaire’s request to move an upcoming trial to Texas from California.
Musk contends he will be treated unfairly by potential jurors in the San Francisco federal court where the 4-year-old case was filed. “For better or worse, Musk is a celebrity who garners attention from the media around the globe,” the shareholders’ attorneys wrote in their 19-page opposition to the transfer request. “His footprint on Twitter alone is partially to blame for that. If ‘negative’ attention was all that was required to disqualify a jury pool, Musk would effectively be untriable before a jury given his knack for attracting ‘negative” coverage.
Chen has scheduled a hearing for Friday to hear further arguments about Musk’s effort to move or delay the trial. The judge already has determined that Musk’s buyout tweet was false, leaving it to a jury to decide whether he acted recklessly by posting it and whether it caused financial harm to Tesla shareholders. After adjusting for two stock splits made since 2018, Tesla’s shares are now worth nearly six times more than at the time of Musk’s tweets about the bogus buyout.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
NHTSA Questions Elon Musk Over Tweet Suggesting Tesla Might Remove Key Safety FeatureWhat Musk and some Twitter users may decry as a 'steering wheel nag,' NHTSA sees as a critical backup.
Read more »
Tesla Has A New Second-In-Command — What Should We Expect?This article describes how Tesla's CEO Elon Musk will have a new second-in-command, Tom Zhu, who is responsible for Tesla Shanghai's success.
Read more »
Feds reviewing Elon Musk tweet about disabling driver monitoring in some TeslasOn New Year’s Eve, one of Musk’s most ardent fans posted on Twitter that drivers with more than 10,000 miles of “Full Self-Driving” testing should have the option to turn off the “steering wheel nag,” an alert that tells drivers to keep hands on the wheel. Musk replied: “Agreed, update coming in Jan.”
Read more »
Elon Musk broke a Guinness world record for most money lostElon Musk has lost so much money that the Guinness World Records recognized him for the 'largest loss of personal fortune in history'
Read more »
Elon Musk Breaks Guinness World Record For Largest Fortune LossElon Musk made it to the Guinness World Records for the 'largest loss of personal fortune:' from $340 billion in November 2021 to $137 billion in January 2023.
Read more »