Edward Chen
Musk faces US fraud trial over Tesla tweet
Elon Musk, the CEO of electric car giant Tesla, will face trial on Tuesday over allegedly manipulating the stock market with a tweet after a federal judge rejected his request to move the case out of California.
The case dates back to August 2018 when Musk tweeted that he had sufficient funding to take Tesla private, causing a whirlwind in the company's share price.
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US judge deemed controversial Musk tweet on Tesla ‘false’: investors
A 2018 tweet posted by Elon Musk in which he claimed to have secured the funding to take Tesla private was deemed "false and misleading" by a judge, according to documents filed by investors suing his electric car company.