Tesla Inc. CEO Elon Musk will be the next witness at a multibillion-dollar trial over claims that he misled shareholders in 2018 tweets about taking the company private, lawyers in the case told the judge Friday.
The trial in San Francisco federal court, which got under way Tuesday, is over allegations that the tweets amounted to lies that cost investors big losses from wild
stock price swings over a 10-day period before the plan was abandoned. If Musk doesn’t complete his testimony Friday afternoon, he could be called back to the stand Monday.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Musk oversaw video that exaggerated Tesla’s self-driving capabilitiesElon Musk oversaw the creation of a 2016 video that exaggerated the abilities of Tesla’s driver-assistance system Autopilot, even dictating the opening text that claimed the company’s car drove itself, according to internal emails viewed by Bloomberg.
Read more »
Elon Musk in court: Just because I tweet something, doesn't mean people believe it | BusinessElon Musk, Tesla Inc's chief executive, testified on Friday that investors do not always react to his Twitter messages as he expects, defending himself in a fraud trial over his 2018 tweet that he had funding to take the electric carmaker private.
Read more »
FTX token leaps after new CEO says exchange could be revivedCEO John J Ray says a task team has been set up to explore restarting FTX.com
Read more »
Elon Musk says Twitter has changed its 'For You' algorithm again | Business InsiderElon Musk on Wednesday said Twitter has tweaked the algorithm on its 'For You' tab again after users complained they were seeing too many tweets from people they didn't follow. | BISouthAfrica
Read more »
Twitter sued by unpaid experts hired for legal battle against Elon MuskThe firm said it was hired in August to provide expert economic testimony to rebut the witness Musk was expected to put on the stand.
Read more »