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Musk Suggests Late Twitter Disclosure Was A Mistake, Seeks To End Lawsuit
Elon Musk wants to dismiss a lawsuit by former Twitter shareholders who said he waited too long in early 2022 to reveal his large ownership stake in the social media company, saying "all indications" show his delay was a mistake.
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Judge Dismisses Lawsuit That Alleges Elon Musk Cheated Shareholders Several Times During Twitter Buyout
In a decision on Monday, US District Judge Charles Breyer in San Francisco said plaintiff William Heresniak lacked standing to sue because he challenged "wrongs associated with" Musk's buyout, not the fairness of the buyout itself.
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Elon Musk Had 'Handshake Deal' for Tesla Takeover Before Posting 2018 Tweets, Former Aide Says
Elon Musk's former chief of staff Sam Teller testified during a Tesla shareholder trial on Wednesday that Elon Musk believed he had a "handshake deal" with representatives from Saudi Arabia's Public Investment Fund to take the company private. Teller's testimony came on the ninth day of a trial triggered by a class-action lawsuit filed on behalf of...
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Elon Musk's 2018 Tesla Tweets Caused Billions of Dollars in Investor Damages, Estimates Show
Elon Musk may have caused billions of dollars in damages to investors due to his 2018 tweets declaring he had secured the financing required to take Tesla private. Depending on the verdict, Musk and the electric automaker that he runs could be facing more financial fallout for his unpredictable behavior on the Twitter platform, which he now owns
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Elon Musk Seeks To End Lawsuit Over 'Inadvertent' Late Disclosure Of Twitter Stake
Elon Musk asked a U.S. judge to throw out a lawsuit claiming that his delayed disclosure of a large stake in Twitter Inc defrauded shareholders who sold Twitter stock at artificially low prices because they were kept in the dark.
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‘Michael Jordan of Fundraising’: Elon Musk Emerges a Money Maverick in Tesla Tweet Trial
Elon Musk, who now owns the Twitter service that he deploys as his megaphone, was often a study in contrasts during his roughly eight hours on the stand during the ongoing Tesla tweet trial. The CEO of the electric carmaker is facing a class-action lawsuit filed on behalf of Tesla shareholders after Musk tweeted about a company buyout that didn’t...
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Elon Musk Defiantly Defends Himself in Tesla Shareholder Trial Over 'Funding Secured' Tweet
Elon Musk on Tuesday defended himself against a class action lawsuit filed by Tesla shareholders over his 2018 "funding secured" tweets about a possible buyout of Tesla that never took place. He spent much of his testimony depicting himself as a trustworthy business leader capable of raising as much money as he needs to pursue his visions.
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Elon Musk Takes Witness Stand, Defends 2018 Buyout Tweets in Tesla Shareholder Trial
Elon Musk on Friday defended his tweet from 2018 claiming that he had lined up funding to take Tesla private in a class-action lawsuit by shareholders claiming he misled investors. The Tesla CEO delivered sworn testimony in a US court in front of a nine-person jury and a full room of media and other spectators, and the trial was adjourned for the w...
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Tesla Shareholder Trial: US Jury Told That Elon Musk's 'Lies' Cost Tesla Investors Millions
Tesla investors' lawyer told jurors in the lawsuit against Elon Musk that the billionaire's lies about having funding in place to take the company private had cost his clients millions of dollars in 2018. The first witness, a 71-year-old man, told jurors Elon Musk's tweet about taking the company private threatened almost all the money he had inves...
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Tesla Engineer Tells US Court That the Firm Staged 2016 Video Promoting Self-Driving Capabilities
A Tesla engineer has testified during Elon Musk's ongoing shareholder lawsuit that the company's promotional video in 2016 showing off the vehicle's capabilities like stopping at a red light and accelerating at a green light was staged and the vehicle did not have those capabilities. The video was released in October 2016 and promoted on Twitter by...
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Elon Musk's Trial Over His 'Funding Secured' Tweets About Tesla in 2018 Set to Begin: All You Need to Know
Elon Musk is set to face a trial in a US court over his tweets about Tesla from 2018, triggered by a class-action lawsuit on behalf of investors who owned Tesla stock for a 10-day period in that year. Here's why the beleaguered billionaire, who took Twitter private last year, is facing a trial over a firm that he didn't.
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Tesla Shareholders Claim Elon Musk Will Get Fair Trial in 'Funding Secured' Lawsuit in California
Elon Musk will get a fair trial over his "funding secured" claims for the electric vehicle manufacturing firm, shareholders told a federal court. In a court filing, the investors said what Musk referred to as 'biased' coverage was, in fact, factual reporting about his management of Twitter, and had no bearing on a jury's ability to render a fair ve...
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Elon Musk Wants Tesla Shareholder Lawsuit Moved to Texas, Claims He Can't Get Fair Trial in California
Elon Musk's lawyers have asked a federal judge in the US to move a Tesla shareholder trial to Texas from California, claiming that he would not get a fair trial in the state. The billionaire has asked the court to postpone the trial until negative publicity regarding the billionaire’s purchase of Twitter has died down, if moving the trial is not ...
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Elon Musk Defends $56 Billion Salary, Says Some Tesla Decisions Made Without Board Nod
Elon Musk on Wednesday defended his $56 billion (roughly Rs. 4,56,800 crore) pay package in a US court, in a lawsuit filed by a shareholder. The Tesla CEO said that he made some decisions without the approval of the company's board. However, the testimony did not definitely prove who developed Musk's 2018 pay package or establish whether it was a p...
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Elon Musk Set to Testify at US Trial Over His $50 Billion Tesla Pay Package
Elon Musk is set to take the stand on Wednesday as part of an ongoing trial over his $50 billion compensation as Tesla CEO, filed by a shareholder. The complaint by shareholder Richard Tornetta, who accuses Musk of "unjustified enrichment" and asked for the annulment of a pay program that helped make the entrepreneur the richest man in the world. T...
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Musk Suggests Late Twitter Disclosure Was A Mistake, Seeks To End Lawsuit
Elon Musk wants to dismiss a lawsuit by former Twitter shareholders who said he waited too long in early 2022 to reveal his large ownership stake in the social media company, saying "all indications" show his delay was a mistake.
-
Judge Dismisses Lawsuit That Alleges Elon Musk Cheated Shareholders Several Times During Twitter Buyout
In a decision on Monday, US District Judge Charles Breyer in San Francisco said plaintiff William Heresniak lacked standing to sue because he challenged "wrongs associated with" Musk's buyout, not the fairness of the buyout itself.
-
Elon Musk Had 'Handshake Deal' for Tesla Takeover Before Posting 2018 Tweets, Former Aide Says
Elon Musk's former chief of staff Sam Teller testified during a Tesla shareholder trial on Wednesday that Elon Musk believed he had a "handshake deal" with representatives from Saudi Arabia's Public Investment Fund to take the company private. Teller's testimony came on the ninth day of a trial triggered by a class-action lawsuit filed on behalf of...
-
Elon Musk's 2018 Tesla Tweets Caused Billions of Dollars in Investor Damages, Estimates Show
Elon Musk may have caused billions of dollars in damages to investors due to his 2018 tweets declaring he had secured the financing required to take Tesla private. Depending on the verdict, Musk and the electric automaker that he runs could be facing more financial fallout for his unpredictable behavior on the Twitter platform, which he now owns
-
Elon Musk Seeks To End Lawsuit Over 'Inadvertent' Late Disclosure Of Twitter Stake
Elon Musk asked a U.S. judge to throw out a lawsuit claiming that his delayed disclosure of a large stake in Twitter Inc defrauded shareholders who sold Twitter stock at artificially low prices because they were kept in the dark.
-
‘Michael Jordan of Fundraising’: Elon Musk Emerges a Money Maverick in Tesla Tweet Trial
Elon Musk, who now owns the Twitter service that he deploys as his megaphone, was often a study in contrasts during his roughly eight hours on the stand during the ongoing Tesla tweet trial. The CEO of the electric carmaker is facing a class-action lawsuit filed on behalf of Tesla shareholders after Musk tweeted about a company buyout that didn’t...
-
Elon Musk Defiantly Defends Himself in Tesla Shareholder Trial Over 'Funding Secured' Tweet
Elon Musk on Tuesday defended himself against a class action lawsuit filed by Tesla shareholders over his 2018 "funding secured" tweets about a possible buyout of Tesla that never took place. He spent much of his testimony depicting himself as a trustworthy business leader capable of raising as much money as he needs to pursue his visions.
-
Elon Musk Takes Witness Stand, Defends 2018 Buyout Tweets in Tesla Shareholder Trial
Elon Musk on Friday defended his tweet from 2018 claiming that he had lined up funding to take Tesla private in a class-action lawsuit by shareholders claiming he misled investors. The Tesla CEO delivered sworn testimony in a US court in front of a nine-person jury and a full room of media and other spectators, and the trial was adjourned for the w...
-
Tesla Shareholder Trial: US Jury Told That Elon Musk's 'Lies' Cost Tesla Investors Millions
Tesla investors' lawyer told jurors in the lawsuit against Elon Musk that the billionaire's lies about having funding in place to take the company private had cost his clients millions of dollars in 2018. The first witness, a 71-year-old man, told jurors Elon Musk's tweet about taking the company private threatened almost all the money he had inves...
-
Tesla Engineer Tells US Court That the Firm Staged 2016 Video Promoting Self-Driving Capabilities
A Tesla engineer has testified during Elon Musk's ongoing shareholder lawsuit that the company's promotional video in 2016 showing off the vehicle's capabilities like stopping at a red light and accelerating at a green light was staged and the vehicle did not have those capabilities. The video was released in October 2016 and promoted on Twitter by...
-
Elon Musk's Trial Over His 'Funding Secured' Tweets About Tesla in 2018 Set to Begin: All You Need to Know
Elon Musk is set to face a trial in a US court over his tweets about Tesla from 2018, triggered by a class-action lawsuit on behalf of investors who owned Tesla stock for a 10-day period in that year. Here's why the beleaguered billionaire, who took Twitter private last year, is facing a trial over a firm that he didn't.
-
Tesla Shareholders Claim Elon Musk Will Get Fair Trial in 'Funding Secured' Lawsuit in California
Elon Musk will get a fair trial over his "funding secured" claims for the electric vehicle manufacturing firm, shareholders told a federal court. In a court filing, the investors said what Musk referred to as 'biased' coverage was, in fact, factual reporting about his management of Twitter, and had no bearing on a jury's ability to render a fair ve...
-
Elon Musk Wants Tesla Shareholder Lawsuit Moved to Texas, Claims He Can't Get Fair Trial in California
Elon Musk's lawyers have asked a federal judge in the US to move a Tesla shareholder trial to Texas from California, claiming that he would not get a fair trial in the state. The billionaire has asked the court to postpone the trial until negative publicity regarding the billionaire’s purchase of Twitter has died down, if moving the trial is not ...
-
Elon Musk Defends $56 Billion Salary, Says Some Tesla Decisions Made Without Board Nod
Elon Musk on Wednesday defended his $56 billion (roughly Rs. 4,56,800 crore) pay package in a US court, in a lawsuit filed by a shareholder. The Tesla CEO said that he made some decisions without the approval of the company's board. However, the testimony did not definitely prove who developed Musk's 2018 pay package or establish whether it was a p...
-
Elon Musk Set to Testify at US Trial Over His $50 Billion Tesla Pay Package
Elon Musk is set to take the stand on Wednesday as part of an ongoing trial over his $50 billion compensation as Tesla CEO, filed by a shareholder. The complaint by shareholder Richard Tornetta, who accuses Musk of "unjustified enrichment" and asked for the annulment of a pay program that helped make the entrepreneur the richest man in the world. T...
