India  

Elon Musk Testifies in Trial Over Tweets About Taking Tesla Private

Video Credit: Wibbitz Top Stories - Duration: 01:31s - Published
Elon Musk Testifies in Trial Over Tweets About Taking Tesla Private

Elon Musk Testifies in Trial Over Tweets About Taking Tesla Private

Elon Musk Testifies , in Trial Over Tweets , About Taking Tesla Private.

On January 23, Tesla CEO Elon Musk took the witness stand in a trial to determine whether he intentionally mislead investors with an August 2018 tweet.

.

On January 23, Tesla CEO Elon Musk took the witness stand in a trial to determine whether he intentionally mislead investors with an August 2018 tweet.

.

The lawsuit made by Tesla investors claims that Musk's tweet stating that he had "secured" funding for taking Tesla private caused them to lose large sums of money.

The lawsuit made by Tesla investors claims that Musk's tweet stating that he had "secured" funding for taking Tesla private caused them to lose large sums of money.

The tweet has already been ruled as both false and reckless by U.S. Judge Edward Chen.

.

NBC reports that Musk believes he can convince the jury that he was unaware that the tweet was false when he sent it.

.

NBC reports that Musk believes he can convince the jury that he was unaware that the tweet was false when he sent it.

.

Musk has also suggested that movements in Tesla's stock price are not dictated by his personal tweets.

Just because I tweet something does not mean people believe it or will act accordingly, Elon Musk, Tesla CEO, via NBC.

According to Musk's attorney, Alex Spiro, the Tesla CEO was taking steps to finalize a deal with Saudi backers back in 2018 when he sent the tweet.

.

According to Musk's attorney, Alex Spiro, the Tesla CEO was taking steps to finalize a deal with Saudi backers back in 2018 when he sent the tweet.

.

Spiro suggests that Musk was trying to protect the "everyday shareholder" by sending the tweet, which may have contained some "technical inaccuracies.".

Spiro suggests that Musk was trying to protect the "everyday shareholder" by sending the tweet, which may have contained some "technical inaccuracies.".

Nicholas Porritt, a lawyer representing shareholders, argues that Musk was fully aware the deal with Saudi Arabia's public investment fund was not final at the time.

.

Nicholas Porritt, a lawyer representing shareholders, argues that Musk was fully aware the deal with Saudi Arabia's public investment fund was not final at the time.


You Might Like


💡 newsR Knowledge: Other News Mentions

Tesla, Inc. Tesla, Inc. American electric vehicle and clean energy company

Elon Musk Shows Off Neuralink Subject on Video Using Telekinetic Technology

Elon Musk has finally pulled back the curtain on what Neuralink has been doing behind the scenes -- showing off their very first subject using their tech ... and..
TMZ.com
Activists protest Tesla plant expansion in Germany [Video]

Activists protest Tesla plant expansion in Germany

Credit: FRANCE 24 English    Duration: 01:42Published
Elon Musk's Net Worth Takes $40 Billion Hit Due to Tesla's Challenges| Oneindia News [Video]

Elon Musk's Net Worth Takes $40 Billion Hit Due to Tesla's Challenges| Oneindia News

Elon Musk's net worth dropped nearly $40 billion this year, now totaling $189 billion, placing him third behind Bernard Arnault and Jeff Bezos. Tesla's declining share price contributed to the decrease. Despite challenges with Twitter's rebranding as X, Musk announced plans for a smart TV app. His proactive approach reflects his ongoing efforts to diversify and expand his ventures. #ElonMusk #Tesla #elonmusk #elonmuskinterview #elonmusknews #elonmuskanddisney #Twitter #X #Oneindia #Oneindianews ~PR.152~ED.103~GR.122~HT.96~

Credit: Oneindia    Duration: 01:53Published
U.S Election: Elon Musk says he won't donate to either U.S Presidential Candidate| Oneindia [Video]

U.S Election: Elon Musk says he won't donate to either U.S Presidential Candidate| Oneindia

Tesla CEO Elon Musk announced on Wednesday that he has no plans to donate money to either candidate for US President. "Just to be super clear, I am not donating money to either candidate for US President," Elon Musk said in a post on his social media platform X. #USElection #ElonMusk #PresidentialCandidates #PoliticalDonations #Election2024 #NonPartisan #NoDonations #NeutralStance #PoliticalEngagement #CampaignFunding #ElectionFinances #PoliticalNeutrality #ElectionContributions #PoliticalInfluence #MuskDeclares #ElectionEthics #DonationRefusal #PoliticalStance #USPolitics #ElectionFunding ~PR.152~PR.282~GR.124~

Credit: Oneindia    Duration: 01:32Published
Musk criticises 'eco-terrorists' as fire breaks out in Tesla factory near Berlin [Video]

Musk criticises 'eco-terrorists' as fire breaks out in Tesla factory near Berlin

An environmental group has published an open letter online claiming responsibility for a fire in a Tesla factory on Tuesday, which has since halted production.

Credit: euronews (in English)    Duration: 01:00Published

Elon Musk Elon Musk Businessman (born 1971)

Elon Musk announces more changes to X - after claims user numbers have plummeted

Elon Musk has announced further changes to social media platform X that will see certain accounts get premium features for free.
Sky News

Elon Musk's Neuralink shows first brain-chip patient playing chess

The first patient to receive a brain chip from Elon Musk's company Neuralink has been shown playing online chess.
Sky News
RGB Award Ceremony Canceled Amid Recipient Controversy [Video]

RGB Award Ceremony Canceled Amid Recipient Controversy

RGB Award Ceremony Canceled , Amid Recipient Controversy. Since 2019, the Dwight D. Opperman Foundation has presented accomplished women with the Justice Ruth Bader Ginsburg Leadership Award, NPR reports. . Previous recipients include Barbra Streisand and Queen Elizabeth II. This year, however, the foundation selected four men to receive the award, in addition to Martha Stewart. . This year, however, the foundation selected four men to receive the award, in addition to Martha Stewart. . Those men are Elon Musk, Rupert Murdoch, Michael Milken and Sylvester Stallone. Those men are Elon Musk, Rupert Murdoch, Michael Milken and Sylvester Stallone. Those men are Elon Musk, Rupert Murdoch, Michael Milken and Sylvester Stallone. Those men are Elon Musk, Rupert Murdoch, Michael Milken and Sylvester Stallone. Justice Ginsburg fought not only for women but for everyone, Dwight D. Opperman Foundation Chair Julie Opperman, via statement. Going forward, to embrace the fullness of Justice Ginsburg's legacy, we honor both women and men who have changed the world by doing what they do best, Dwight D. Opperman Foundation Chair Julie Opperman, via statement. Ginsburg's family condemned the foundation's recipient selection, NPR reports. . This year, the Opperman Foundation has strayed far from the original mission of the award and from what Justice Ginsburg stood for. , Jane Ginsburg, daughter of Ruth Bader Ginsburg, via statement. On March 18, foundation Chair Julie Opperman said that the April ceremony is now canceled. . This year we selected leaders in different fields. We honored men for the first time, Dwight D. Opperman Foundation Chair Julie Opperman, via statement. We thought RBG's teachings regarding EQUALITY should be practiced. We did not consider politics, Dwight D. Opperman Foundation Chair Julie Opperman, via statement. Opperman went on to say that the foundation will decide whether to continue after reevaluating its mission, NPR reports.

Credit: Wibbitz Top Stories    Duration: 01:31Published

Elon Musk, Rupert Murdoch Not Receiving RBG Award After Streisand Criticism

Looks like Barbra Streisand's complaints are ringing loud and clear -- Elon Musk and Rupert Murdoch will not be adding the RBG Award to their trophy shelves..
TMZ.com

NBC NBC American broadcast television network

Sam Bankman-Fried Sentenced to 25 Years for FTX Fraud [Video]

Sam Bankman-Fried Sentenced to 25 Years for FTX Fraud

Sam Bankman-Fried , Sentenced to 25 Years , for FTX Fraud. On March 28, Sam Bankman-Fried was sentenced to 25 years in prison after being found guilty of defrauding users of FTX, the now-collapsed cryptocurrency exchange. . NBC reports that Lower Manhattan federal district Judge Lewis Kaplan found the defense's arguments misleading, speculative and logically flawed. The judge accused Bankman-Fried of committing obstruction of justice and tampering with witnesses while mounting his defense. Kaplan reportedly said that those factors played a role in his decision about how to sentence Bankman-Fried. Prosecutors had originally sought a longer sentence of 50 years, while the defense fought for Bankman-Fried to get no more than six and a half years. Prosecutors had originally sought a longer sentence of 50 years, while the defense fought for Bankman-Fried to get no more than six and a half years. In November, Bankman-Fried was convicted on seven criminal counts. He has been held at Brooklyn's Metropolitan Detention Center while awaiting sentencing. In November, Bankman-Fried was convicted on seven criminal counts. He has been held at Brooklyn's Metropolitan Detention Center while awaiting sentencing. At one time, FTX was valued at over $30 billion but ultimately collapsed in November of 2022 after announcing a major cash shortfall. At one time, FTX was valued at over $30 billion but ultimately collapsed in November of 2022 after announcing a major cash shortfall. While on trial, Bankman-Fried was accused of robbing FTX customers of nearly $8 billion, which was partially used to fund the extravagant lifestyles of the exchange's executives. While on trial, Bankman-Fried was accused of robbing FTX customers of nearly $8 billion, which was partially used to fund the extravagant lifestyles of the exchange's executives. NBC reports that Bankman-Fried's sentence is harsher than other white-collar crimes in recent memory, such as Theranos founder Elizabeth Holmes who received just 11 years. NBC reports that Bankman-Fried's sentence is harsher than other white-collar crimes in recent memory, such as Theranos founder Elizabeth Holmes who received just 11 years. The outlet also notes that the judgement is more similar to the 25-year sentence given to former WorldCom CEO Bernie Ebbers or the 24-year sentence given to Enron CEO Jeff Skilling. The outlet also notes that the judgement is more similar to the 25-year sentence given to former WorldCom CEO Bernie Ebbers or the 24-year sentence given to Enron CEO Jeff Skilling

Credit: Wibbitz Top Stories    Duration: 01:30Published
Mumbai Becomes Asia's Billionaire Capital on Global Rich List [Video]

Mumbai Becomes Asia's Billionaire Capital on Global Rich List

Mumbai Becomes Asia's , Billionaire Capital , on Global Rich List. NBC reports that Mumbai has become the Asian capital with the highest number of billionaires, dethroning Beijing at the top of the exclusive list. . NBC reports that Mumbai has become the Asian capital with the highest number of billionaires, dethroning Beijing at the top of the exclusive list. . According to the Hurun Research Institute's global rich list, India's financial capital registered 92 billionaires in 2024. . Beijing comes in just below Mumbai with 91 billionaires, and Shanghai rounds out the top three with a total of 87 billionaires. Beijing comes in just below Mumbai with 91 billionaires, and Shanghai rounds out the top three with a total of 87 billionaires. The top of the list globally is New York with 119 billionaires, followed by London with a total of 97. . The top of the list globally is New York with 119 billionaires, followed by London with a total of 97. . According to the report, there are a total of 3,279 billionaires globally in 2024, an increase of 5% compared to 2023. . NBC reports that China as a whole still has the most billionaires overall with 814 in 2024, but the country lost 155 billionaires compared to 2023. . China had a bad year. Wealth creation in China has gone through deep changes these last few years, with the wealth of billionaires from real estate and renewables down, Hurun Research Institute's global rich list report, via NBC. The United States comes in second with 800 billionaires, and India registered a distant third place with 271. The United States comes in second with 800 billionaires, and India registered a distant third place with 271. According to the report, artificial intelligence played a significant role in increasing the number of ultra wealthy people in the U.S. . Whilst [Nvidia CEO] Jensen Huang has grabbed many of the headlines as Nvidia broke through the $2 trillion mark, catapulting him into the Hurun Top 30 as a result, , Hurun Research Institute's global rich list report, via NBC. Whilst [Nvidia CEO] Jensen Huang has grabbed many of the headlines as Nvidia broke through the $2 trillion mark, catapulting him into the Hurun Top 30 as a result, , Hurun Research Institute's global rich list report, via NBC. ... the billionaires behind Microsoft, Google, Amazon, Oracle and Meta have seen significant surges in their wealth as investors bet on the value generated by AI, Hurun Research Institute's global rich list report, via NBC

Credit: Wibbitz Top Stories    Duration: 01:31Published
Another UN Resolution Calling for Gaza Cease-Fire Fails to Pass Security Council Vote [Video]

Another UN Resolution Calling for Gaza Cease-Fire Fails to Pass Security Council Vote

Another UN Resolution Calling for , Gaza Cease-Fire Fails , to Pass Security Council Vote. On March 22, a resolution calling for an immediate cease-fire between Israel and Hamas in Gaza was rejected by the United Nations Security Council. . On March 22, a resolution calling for an immediate cease-fire between Israel and Hamas in Gaza was rejected by the United Nations Security Council. . NBC reports that both Russia and China voted against the United States-led measure. . Vassily Nebenzia, Russia’s ambassador to the U.N., pointed out that the resolution effectively contained a green light for Israel to conduct a military operation in Rafah. Vassily Nebenzia, Russia’s ambassador to the U.N., pointed out that the resolution effectively contained a green light for Israel to conduct a military operation in Rafah. The vote came as U.S. Secretary of State Antony Blinken visited Israel for talks centered on humanitarian aid and the looming assault on the city of Rafah. The vote came as U.S. Secretary of State Antony Blinken visited Israel for talks centered on humanitarian aid and the looming assault on the city of Rafah. The U.S. has called a cease-fire crucial for protecting civilians and expanding aid distribution as over 2 million Palestinians face the threat of famine. NBC reports that the failed resolution contained no direct link to the release of hostages taken by Hamas during the group's October 7 attack on Israel. The resolution did reportedly support diplomatic efforts "to secure such a cease-fire in connection with the release of all remaining hostages.". According to Israel, 130 hostages remain in Gaza, while another 34 have already died in captivity. Three previous attempts at a resolution were vetoed by the U.S. in October, December and February. The failed fourth resolution came after the U.N.'s Integrated Food Security Phase Classification initiative warned that "famine is imminent" in Gaza. . The initiative also warned that escalation of the war could push half of Gaza's entire population to the edge of starvation.

Credit: Wibbitz Top Stories    Duration: 01:31Published
EPA Issues Ambitious New Rules Aimed at Cutting Carbon Emissions [Video]

EPA Issues Ambitious New Rules Aimed at Cutting Carbon Emissions

EPA Issues Ambitious, New Rules Aimed at , Cutting Carbon Emissions. On March 20, the Biden administration announced new rules regarding automobile emissions standards. On March 20, the Biden administration announced new rules regarding automobile emissions standards. NBC reports that officials have called the new regulations the most ambitious plan to reduce emissions from passenger vehicles. NBC reports that officials have called the new regulations the most ambitious plan to reduce emissions from passenger vehicles. The new rules include scaled back tailpipe limits requested by the Environmental Protection Agency last April. . The new rules include scaled back tailpipe limits requested by the Environmental Protection Agency last April. . The new rules come amid slowing sales of electric vehicles, a critical part of the plan to meet the new standards. The new rules come amid slowing sales of electric vehicles, a critical part of the plan to meet the new standards. Last April, the auto industry cited lower sales growth in its objection to the EPA's strict standards. . According to the EPA, the industry could meet the limits if 56% of new vehicle sales are electric by 2032. According to the EPA, the industry could meet the limits if 56% of new vehicle sales are electric by 2032. The EPA plan also called for at least 13% of plug-in hybrids or other partially-electric cars, in addition to more efficient gasoline-powered vehicles. . The EPA's proposed standards would avoid over 7 billion tons of planet-warming carbon emissions over the next 30 years. . The EPA's new rules apply to model years 2027 to 2032. The Biden administration's new rules are set to ramp up to nearly meet the EPA's limits by 2032.

Credit: Wibbitz Top Stories    Duration: 01:30Published
'Devil Comet' May Join Solar Eclipse in Rare Synchronized Celestial Event [Video]

'Devil Comet' May Join Solar Eclipse in Rare Synchronized Celestial Event

'Devil Comet', May Join Solar Eclipse in , Rare Synchronized Celestial Event. 'Devil Comet', May Join Solar Eclipse in , Rare Synchronized Celestial Event. NBC reports that a "devil comet" may be visible during next month's highly anticipated North American solar eclipse. So-called "devil comets" are known for occasional explosive outbursts, which give the celestial objects their unique appearance. Last year, an eruption on Comet 12P/Pons-Brooks left it with two trails of gas and ice, which give the appearance of devil horns. . The unique comet is currently visible in the early evenings from the Northern Hemisphere on the west-northwest horizon with the aid of binoculars or telescopes. The comet is expected to brighten throughout the month, until it becomes visible to the naked eye as it reaches its closest point to the sun around mid-April. NBC reports that the "devil comet" could be visible during the upcoming April 8 total solar eclipse if the comet flares significantly in the coming weeks. . Those in the eclipse's path of totality, from Texas to Maine, could be treated to a rare synchronized celestial event. . The comet was first observed by French astronomer Jean-Louis Pons in 1812. . In 1883, British-American astronomer William Brooks became the second to spot the rare celestial object. NBC reports that Comet 12P/Pons-Brooks orbit around the sun takes 71 years, making sightings of the comet a truly rare occurrence.

Credit: Wibbitz Top Stories    Duration: 01:31Published

Related news from verified sources

Elon Musk's next drama: A trial over his tweets about Tesla

While still grappling with the fallout from a company he did take private, beleaguered billionaire...
IndiaTimes - Published

US fraud trial begins over Elon Musk's 2018 Tesla tweets

Elon Musk is being sued for fraud after tweeting that he was going to take Tesla private. The trial...
IndiaTimes - Published


Related videos from verified sources

Elon Musk defiantly defends himself in Tesla tweet trial [Video]

Elon Musk defiantly defends himself in Tesla tweet trial

Credit: FRANCE 24 English     Duration: 01:49Published
Prospective jurors share varied opinions of Elon Musk ahead of civil trial [Video]

Prospective jurors share varied opinions of Elon Musk ahead of civil trial

A nine-person jury was selected Tuesday to hear a trial that will determine whether Tesla CEO Elon Musk cheated investors with tweets in 2018 saying that he had lined up financing to take the electric..

Credit: euronews (in English)     Duration: 01:06Published