Tesla, Inc.

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.    

Tesla sold a record 1.3 million vehicles last year, but the number fell short of CEO Elon Musk's pledge to grow the company's sales by 50 percent nearly every year.

The 2022 figure topped the prior record of 936,000 vehicles delivered in 2021, but it was shy of the 1.4 million needed to reach the company's 50 percent growth target.

Tesla said it delivered 1.31 million electric vehicles in 2022, a record for the U.S. automaker and a 40 percent jump from a year earlier, but still below its own and Wall Street expectations.

The Elon Musk-led company has set a long-term goal of increasing its shipments by an average of 50 percent annually.

Elon Musk has sold nearly $7 billion worth of Tesla shares, according to legal filings published Tuesday, amid a high-stakes legal battle with Twitter over a $44 billion buyout deal.

The Tesla boss sold some 7.9 million shares between August 5 and 9, according to filings published on the Securities and Exchange Commission's website.

Twitter has said the notion Elon Musk was "hoodwinked" into inking a $44 billion buyout deal defies reason and the facts.
In a filing on Aug.4, Twitter rejected counter claims made by Musk as he fights to walk away from the deal he inked in April to buy the company.

Twitter and Tesla shares have fluctuated after the bid started

Twitter sued Tesla CEO Elon Musk on Tuesday to force him to complete the $44 billion acquisition of the social media company.

Musk and Twitter have been bracing for a legal fight since the billionaire said Friday he was backing off of his April agreement to buy the company.

Twitter has reportedly retained lawyers to sue Elon Musk for moving to drop his $44 billion takeover of the company

Courted and then jilted by the world's richest person, Twitter looks well positioned to win a court battle with Elon Musk over a $1 billion breakup fee and more -- but the company will not emerge unscathed.

The entire saga has left observers baffled by what Wedbush analyst Dan Ives described as "one of the craziest business stories ever."

The entrepreneur Elon Musk announced that he was terminating the deal for the purchase of "Twitter" worth 44 billion dollars, world agencies reported. According to his lawyers, the company did not respond or refused to respond to numerous requests for information about the fake accounts on the network.