Elon Musk goes to trial after being sued by Tesla shareholders for fraud – BBC News

Elon Musk goes to trial after being sued by Tesla shareholders for fraud – BBC News

Elon Musk is being sued by Tesla shareholders arguing he manipulated the company’s fragment attach.

The case centres on tweets from 2018, announcing that he would rob Tesla personal. US regulators eradicated Mr Musk as Tesla chairman attributable to the posts.

Nonetheless, the Tesla CEO argued he believed that he had secured funding from Saudi Arabia’s Funding Fund, and didn’t commit securities fraud.

Mr Musk acknowledged he can no longer fetch an very just appropriate trial in San Francisco.

He wanted the trial to occur in Texas – where he has moved Tesla’s headquarters – but that become rejected and a jury has been chosen.

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