A lawsuit alleging Elon Musk manipulated Tesla Inc's stock in 2018 should go to trial next week and he will be able to find unbiased jurors in San Francisco, despite local animosity, said a court filing by shareholders who are suing him for billions of dollars.
stock in 2018 should go to trial next week and he will be able to find unbiased jurors in San Francisco, despite local animosity, said a court filing by shareholders who are suing him for billions of dollars.
Tesla shareholders argued it would be unfair to move the trial to Texas as requested by Musk, who has outraged many in Northern California with the"What they refer to as 'biased' coverage is, in fact, factual reporting about his management of Twitter, Inc., and has no bearing on the jury’s ability to render a fair verdict," said the court filing by the shareholders.
Musk's lawyers requested on Jan. 6 that the federal judge delay or move the trial to Texas due to media coverage of Twitter's job cuts that was "inflammatory" compared with balanced reporting on layoffs at other companies in the city like Lyft IncVideos of an audience booing Musk during a surprise appearance at a Dave Chappelle show in San Francisco in December were circulated online.
Musk later admitted it was "a lot of boos" and added in a now-deleted tweet: "It's almost as if I've offended SF's unhinged leftists ... but nahhh."The trial is scheduled to start on Jan. 17 and feature testimony from Musk about his behind-the-scenes efforts in 2018 to line up financing to buy out the electric vehicle maker.
Defendants, which also include Tesla and its board at the time, will make their case that Musk was not misleading investors in a material way. Musk had met Yasir Al-Rumayyan, the managing director of Saudi Arabia's sovereign wealth fund, on multiple occasions, according to the court filing, which also said Al-Rumayyan had urged Musk to take Tesla private and offered up to $60 billion in backing.
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