elon musk tesla lawsuit

[ad_1] Elon Musk told a jury he was confident he could have pulled off his proposal 4 1/2 years ago to take Tesla Inc. private, saying he never has trouble raising money for his companies. Elon Musk told a jury he was confident he could have pulled off his proposal 4 1/2 years ago to take Tesla Inc. private, saying he never has trouble raising money for his companies. The chief executive officer, in his third day on the witness stand, was defending the legitimacy of his assertion in an August 2018 tweet that he had “funding secured” for the take-private transaction. “Every financing round I've had has been oversubscribed,” he testified Tuesday in San Francisco federal court in response to friendly questions from his own lawyer. “It's not a problem for me to raise money. I've done...

[ad_1] Elon Musk will face trial on Tuesday over allegedly manipulating the stock market with a tweet after a federal judge rejected his request to move the case out of California. Elon Musk, the CEO of electric car giant Tesla, will face trial on Tuesday over allegedly manipulating the stock market with a tweet after a federal judge rejected his request to move the case out of California. The case dates back to August 2018 when Musk tweeted that he had sufficient funding to take Tesla private, causing a whirlwind in the company's share price. Musk was swiftly sued by shareholders for allegedly costing them billions of dollars with the Twitter post that said funding was "secured" to buy out the company's shareholders. According to a spokesperson for the court, Judge Edward Chen...

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Musk Tells Tweet Fraud Jury He Has No Trouble Raising Money

Musk faces US fraud trial over Tesla tweet