Musk on trial for “funding secured” tweet—experts predict he’s going to lose
https://arstechnica.com/tech-policy/2023/01/musk-on-trial-for-funding-secured-tweet-experts-predict-hes-going-to-lose/
Elon Musk is headed to trial next week over his infamous tweet claiming he had secured funding to take Tesla private at $420 a share. A 10-day civil trial with jury selection scheduled for Tuesday, January 17, is set to begin in US District Court for the Northern District of California.
The class-action lawsuit alleges Musk harmed investors with this tweet from August 7, 2018: "Am considering taking Tesla private at $420. Funding secured." Additional statements by Musk and Tesla reinforced the false impression given by Musk's going-private claim, the lead plaintiff says.