The shareholder lawsuit stems from Musk's tweets in August 2018 when he said he had sufficient financing to take Tesla private at $420 a share, an announcement that caused heavy volatility in Tesla's share price.
PUBLISHED 2:25 PM PST Jan. 07, 2023WASHINGTON — Elon Musk has urged a federal judge to shift a trial in a shareholder lawsuit out of San Francisco because he says negative local media coverage has biased potential jurors against him.
If a move isn't possible, Musk's lawyers urged that the trial, scheduled to begin Jan. 17, be postponed until negative publicity around Musk's purchase of Twitter has died down. The shareholder lawsuit stems from Musk's tweets in August 2018 when he said he had sufficient financing to take Tesla private at $420 a share, an announcement that caused heavy volatility in Tesla's share price.In a victory for the shareholders last spring, Judge Edward Chen ruled that the tweets were false and reckless.
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