Connect with us

Technology

Because of a "fraudulent tweet"… Elon Musk's trial begins

News Agencies

Published

on

Because of a "fraudulent tweet"..

Elon Musk's trial began Tuesday in San Francisco with the selection of jury members who will have to decide whether the head of "Tesla" and "Twitter" wrote a fraudulent tweet in 2018 as investors accuse him.

According to US media , the case dates back to August 2018, when Musk tweeted that he wanted to take Tesla off the stock exchange because he had enough funding to do so. Which caused the company's stock price to swing sharply for a few days.

The trial is scheduled to last three weeks, and Elon Musk is on the witness list.

Advertisement

"Prosecutors allege that these tweets were factually false and artificially affected the share price of Tesla and other stocks," Judge Edward Chen told prospective jurors.

On Friday, the judge refused to transfer the procedures to the US state of Texas, where Elon Musk moved the headquarters of Tesla.

Musk's lawyers argued the billionaire could not enjoy an impartial trial in San Francisco, where he bought Twitter in late October and has been widely criticized for his decisions, from the platform's content management policy to mass layoffs.

Advertisement

"In recent months, the local media has flooded this region with biased and negative stories about Musk," the lawyers said in their request.
They added, "The local press, contrary to its usual way of covering social plans, blamed Musk personally for the job cuts and even accused him of breaking the law. Local elected officials, including the mayor of San Francisco, participated in the protests against him."

But Judge Edward Chen considered that an impartial jury could be set up in the California city.

In an earlier decision related to this case, the judge ruled that the famous 2018 tweet could be considered "false and misleading".

Advertisement

And the tweets of the head of "Tesla" have previously caused disagreements between him and the authorities.

The Securities and Exchange Commission filed a complaint over that tweet, believing that Elon Musk failed to provide evidence that he had the necessary financing.

At that time, the body that supervised the stock exchange forced him to relinquish the chairmanship of Tesla's board of directors, pay a fine of $ 20 million, and later demanded that his tweets related to "Tesla" activity be pre-approved by a specialized lawyer.

Advertisement

Elon Musk tried unsuccessfully in the spring to overturn this decision.

Continue Reading
Advertisement

Advertisement

Breaking News

Editor Pick’s

Latest Entertainment

Kim Petras on making history as transgender Grammy winner, No Kim Petras on making history as transgender Grammy winner, No
Entertainment1 hour ago

Kim Petras on making history as transgender Grammy winner, No. 1 hitmaker: ‘I hope this opens doors for even more’

Kim Petras and Sam Smith accept Best Pop Duo/Group Performance for “Unholy” onstage during the 65th Grammy Awards. (Photo: Kevin...

The 2023 Grammys' highs and lows, from Beyoncé's historic win.. The 2023 Grammys' highs and lows, from Beyoncé's historic win..
Entertainment4 hours ago

The 2023 Grammys’ highs and lows, from Beyoncé’s historic win… to Beyoncé’s historic loss

On Sunday, Beyoncé set a record for the most Grammy wins ever by an artist, but still lost in the...

Aaron Carter excluded from Grammys' 'In Memoriam' segment, fans react: 'That was cold' Aaron Carter excluded from Grammys' 'In Memoriam' segment, fans react: 'That was cold'
Entertainment7 hours ago

Aaron Carter excluded from Grammys’ ‘In Memoriam’ segment, fans react: ‘That was cold’

Singer and producer Aaron Carter arrives at the “Kings of Hustler” male revue at Larry Flynt’s Hustler Club on Feb....

Kim Petras becomes first transgender woman to win Grammy award for Sam Smith hit Kim Petras becomes first transgender woman to win Grammy award for Sam Smith hit
Entertainment8 hours ago

Kim Petras becomes first transgender woman to win Grammy award for Sam Smith hit

Kim Petras’ historic win at Sunday’s Grammy Awards is truly something sacred. The German-born pop singer, who made a splash featured on Sam...

'SNL' shows apocalyptic 'Mario Kart': Pedro Pascal's next HBO video game drama after 'Last of Us' 'SNL' shows apocalyptic 'Mario Kart': Pedro Pascal's next HBO video game drama after 'Last of Us'
Entertainment8 hours ago

‘SNL’ shows apocalyptic ‘Mario Kart’: Pedro Pascal’s next HBO video game drama after ‘Last of Us’

Pedro Pascal has hit it big starring in an HBO drama based on a video game, “The Last of Us.”...

Stars pay tribute to Loretta Lynn, Takeoff, and Christine McVie during Grammys In Memoriam Stars pay tribute to Loretta Lynn, Takeoff, and Christine McVie during Grammys In Memoriam
Entertainment8 hours ago

Stars pay tribute to Loretta Lynn, Takeoff, and Christine McVie during Grammys In Memoriam

Kacey Musgraves, Sheryl Crow, Mick Fleetwood, Bonnie Raitt, Maverick City Music, and Quavo all paid tribute to the music legends...

Nile Rodgers steps in accept Beyoncé's award after the ' Cuff It' diva misses first on-air Grammy category Nile Rodgers steps in accept Beyoncé's award after the ' Cuff It' diva misses first on-air Grammy category
Entertainment9 hours ago

Nile Rodgers steps in accept Beyoncé’s award after the ‘ Cuff It’ diva misses first on-air Grammy category

Trevor Noah, Nile Rodgers, and The-Dream speak onstage during the 65th Grammy Awards at Crypto.com Arena on Feb. 5, 2023...

Nile Rodgers steps in to accept Beyoncé's award after the 'Cuff It' diva misses first on-air Grammy category Nile Rodgers steps in to accept Beyoncé's award after the 'Cuff It' diva misses first on-air Grammy category
Entertainment9 hours ago

Nile Rodgers steps in to accept Beyoncé’s award after the ‘Cuff It’ diva misses first on-air Grammy category

From left: Trevor Noah, Nile Rodgers and The-Dream onstage at the 65th Grammy Awards at Crypto.com Arena on Sunday in...

Advertisement

Latest Sports

Rock Chalk Trash Talk: Texas enters the Phog, takes on top-10 Kansas Rock Chalk Trash Talk: Texas enters the Phog, takes on top-10 Kansas
Sports1 hour ago

Rock Chalk Trash Talk: Texas enters the Phog, takes on top-10 Kansas

Texas' biggest win last year and one of the first real signature wins of the former era was over the...

Pitt draws national attention with UNC, Iowa State performances Pitt draws national attention with UNC, Iowa State performances
Sports2 hours ago

Pitt draws national attention with UNC, Iowa State performances

This might have been the weekend that changes the national perspective of Pitt wrestling. The record books will show that...

No. 21 Indiana shocks No No. 21 Indiana shocks No
Sports2 hours ago

No. 21 Indiana shocks No. 1 Purdue behind Trayce Jackson-Davis’ 25 points

It was the Hoosiers' first win over a No. 1 in more than a decade.

Alex Cora bragged about 2017 Astros sign-stealing scandal, says new book Alex Cora bragged about 2017 Astros sign-stealing scandal, says new book
Sports3 hours ago

Alex Cora bragged about 2017 Astros sign-stealing scandal, says new book

A new book titled "Winning Fixes Everything" about the Astros' sign-stealing scandal and controversial 2017 World Series win does not...

Kevin De Bruyne faces Pep’s displeasure but it’s Man City who pay the price Kevin De Bruyne faces Pep’s displeasure but it’s Man City who pay the price
Sports3 hours ago

Kevin De Bruyne faces Pep’s displeasure but it’s Man City who pay the price

One of the two most creative passers on Manchester City’s books was in the starting 11. Joao Cancelo was in...

49ers’ Brandon Aiyuk expects Chiefs to expose Eagles in Super Bowl 49ers’ Brandon Aiyuk expects Chiefs to expose Eagles in Super Bowl
Sports3 hours ago

49ers’ Brandon Aiyuk expects Chiefs to expose Eagles in Super Bowl

Sitting on his couch, 49ers receiver Brandon Aiyuk says he expects the Chiefs' passing game to expose the Eagles in...

NBA rumors: Celtics have 'real' interest in Kelly Olynyk trade; Heat also in mix NBA rumors: Celtics have 'real' interest in Kelly Olynyk trade; Heat also in mix
Sports4 hours ago

NBA rumors: Celtics have ‘real’ interest in Kelly Olynyk trade; Heat also in mix

Our insider Chris Forsberg shares what he's hearing from league sources about the Celtics' reported interest in acquiring Jazz center...

LeBron James career points tracker: When will he pass Kareem Abdul-Jabbar for NBA scoring record? LeBron James career points tracker: When will he pass Kareem Abdul-Jabbar for NBA scoring record?
Sports4 hours ago

LeBron James career points tracker: When will he pass Kareem Abdul-Jabbar for NBA scoring record?

LeBron James is 36 points from claiming the all-time regular season scoring record.

Technology Hot News

Led by "Amazon" and "Microsoft" . Led by "Amazon" and "Microsoft" .
Technology3 weeks ago

Led by "Amazon" and "Microsoft" .. the technology giants are planning to lay off 64,000 employees

After 10 years of driving the stock market bull run, big tech companies are racing to downsize staff to adapt...

Apple introduces MacBooks with new M2 processors Apple introduces MacBooks with new M2 processors
Technology3 weeks ago

Apple introduces MacBooks with new M2 processors

Yesterday, Tuesday, Apple unveiled MacBooks powered by the new, faster “M2 Pro” and “M2 Max” processor chips, in a surprise...

All you need to know about the upcoming Galaxy S23 phones from Samsung All you need to know about the upcoming Galaxy S23 phones from Samsung
Technology3 weeks ago

All you need to know about the upcoming Galaxy S23 phones from Samsung

Samsung has officially announced that the (Galaxy Unpacked 2023) event will be held this year on Wednesday, February 1, which...

FTX Exchange Announces Hacking and Stolen $415 Million in Cryptocurrency FTX Exchange Announces Hacking and Stolen $415 Million in Cryptocurrency
Technology3 weeks ago

FTX Exchange Announces Hacking and Stolen $415 Million in Cryptocurrency

Bankrupt American cryptocurrency firm FTX announced today, Wednesday, that $415 million in cryptocurrency has been hacked and stolen from the...

Because of a "fraudulent tweet".. Because of a "fraudulent tweet"..
Technology3 weeks ago

Because of a "fraudulent tweet"… Elon Musk's trial begins

Elon Musk's trial began Tuesday in San Francisco with the selection of jury members who will have to decide whether...

An electric spoon replaces salt and spices, but with conditions An electric spoon replaces salt and spices, but with conditions
Technology3 weeks ago

An electric spoon replaces salt and spices, but with conditions

Experts have developed an electric spoon that is able to replace spices and flavors and affect the taste buds in...

The biggest dangers of using tracking devices. The biggest dangers of using tracking devices.
Technology3 weeks ago

The biggest dangers of using tracking devices.. so you can escape?

If you spot an unknown Bluetooth tagging device, there are ways to disable the device so it can't track your...

New Twitter. New Twitter.
Technology3 weeks ago

New Twitter.. For You tab to web version

The Twitter platform announced that it will bring the new tab (For You), which launched last Tuesday for iPhones and...

Advertisement