tesla stocks – pressnews

[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...

[ad_1] Tesla CEO Elon Musk sold at least $3.95 bn of the electric-vehicle maker’s shares just days after closing his buyout of Twitter Inc. Tesla Inc. Chief Executive Officer Elon Musk sold at least $3.95 billion of the electric-vehicle maker's shares just days after closing his buyout of Twitter Inc.Musk unloaded 19.5 million shares, according to regulatory filings on Tuesday in New York, his first disposals since August. The documents didn't indicate that the transactions were pre-planned. The world's richest person followed through with his takeover of the social-media platform in October, after spending months trying to get out of it. In August, Musk had said he was done offloading Tesla stock and that it was important to avoid an “emergency sale” of the shares in case he was forc...

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Musk faces US fraud trial over Tesla tweet