Friday, February 3, 2023

Elon Musk defends himself in court over Tesla tweets

SAN FRANCISCO ( Associated Press) – Elon Musk is back in federal court in San Francisco to defend himself against a class action lawsuit alleging he misled Tesla shareholders about a wrongful acquisition of company shares. Misled with a tweet, and the billionaire pounced on Tuesday. In which if he wanted, he could have implemented it.

Musk stood for nearly three hours during his third day of testimony when he was pardoned by US District Judge Edward Kem. Musk, 51, is unlikely to be called as a witness again during the civil trial that is set to begin. Will be held before a jury of nine people in early February.

During cross-examination by his own attorney Alex Spiro, Musk, owner of Twitter and CEO of Tesla, described himself as a highly credible business leader who is able to raise as much money as he needs to achieve his goals. Was able He argued with Nicolas Porritt, one of the shareholders’ lawyers, who had already taken out his temper at the trial.

In two separate times on Tuesday, in gentle cheers to Spiro, Musk left no room for doubt about his contempt for Porritt, expressing suspicion that the attorneys were looking out for Tesla shareholders. were. The comments drew a quick reprimand from the judge and were expunged from the record. “It’s unfair,” Chen called out to Musk at one point.

When questioned by Porritt, Musk deliberately averted his gaze from the attorney and delivered his explanation while looking directly at the jurors who were seated a few feet to his right. At another point, Musk claimed, without elaborating, that a question from Porritt about whether he had ever harmed investors included “lies”.

Spiro, on the other hand, mistakenly addressed Musk as “Your Honor” when he asked him how much money he had made for investors during his career. The slip produced a moment of presence in a San Francisco courtroom packed with media and other onlookers to hear from Musk, who has become even more famous since completing his $44 billion purchase of Twitter in October.

The current trial revolves around whether a pair of tweets posted by Musk on August 7, 2018 affected Tesla shareholders during a 10-day period before the billionaire acknowledged that the company’s The stock purchase he had planned was not going to happen. The statements led to Musk and Tesla reaching a $40 million settlement with authorities without admitting any wrongdoing.

Nation World News Desk
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