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

Tesla Cybertruck buyers reporting delivery delays over 'windscreen wipers issue'

Tesla Cybertruck buyers have been reporting delivery delays due to an issue with the vehicle's windscreen wipers.
Sky News

EVMs can be hacked, claims Elon Musk; not in India, counters ex-IT minister

Electronic voting machines (EVMs) were once again in focus with Elon Musk, the multi-billionaire founder of Tesla and SpaceX, and former Union minister Rajeev..
IndiaTimes

Elon Musk's huge pay package approved by Tesla shareholders - along with move to Texas

Tesla shareholders have approved Elon Musk's multi-billion-dollar pay package.
Sky News

Tesla shareholders approve Elon Musk's $56bn pay package

Tesla shareholders have approved Elon Musk's $56bn (£44bn) pay package.
Sky News

Elon Musk Elon Musk South African-born businessman (born 1971)

'We would be happy to run a tutorial': Rajeev Chandrasekhar counters Elon Musk on EVM criticism

Sketching out the example of the Indian EVMs, the former Union Minister said they are "custom-designed, secure and isolated from any network or media".
DNA
Rahul Gandhi Labels Indian EVMs a "Black Box" Amid Controversy, Backs Elon Musk’s Concern [Video]

Rahul Gandhi Labels Indian EVMs a "Black Box" Amid Controversy, Backs Elon Musk’s Concern

Senior Congress leader Rahul Gandhi, joining the EVM debate once again, has voiced serious concerns about the transparency and accountability of India's electronic voting machines (EVMs), referring to them as a “black box” and citing a recent controversy involving the Mumbai North West Lok Sabha seat. #RahulGandhi #EVMControversy #BlackBoxEVMs #ElonMusk #VotingSecurity #IndiaElections #ElectoralTransparency #Democracy #ElectionFraud #MumbaiElection #HackingRisks #EVMScandal #PoliticalAccountability #ElectionIntegrity #VoterConfidence ~PR.152~ED.194~GR.125~HT.96~

Credit: Oneindia    Duration: 03:20Published

NBC NBC American broadcast television network

Surgeon General Wants Social Media to Include Warning of Mental Health Risks [Video]

Surgeon General Wants Social Media to Include Warning of Mental Health Risks

Surgeon General Wants, Social Media to Include , Warning of Mental Health Risks. On June 17, Surgeon General Vivek Murthy called on Congress to require social media platforms to give users a tobacco-style warning. . On June 17, Surgeon General Vivek Murthy called on Congress to require social media platforms to give users a tobacco-style warning. . NBC reports that Murthy warned that the mental health crisis among young Americans has become an urgent problem, citing social media as "an important contributor.". NBC reports that Murthy warned that the mental health crisis among young Americans has become an urgent problem, citing social media as "an important contributor.". According to Murthy, the warning would include language that alerts users to potential mental health harms associated with using social media. A surgeon general’s warning label, which requires congressional action, would regularly remind parents and adolescents that social media has not been proved safe, Vivek Murthy, U.S. Surgeon General, via NBC. Evidence from tobacco labels shows that surgeon general’s warnings can increase awareness and change behavior, Vivek Murthy, U.S. Surgeon General, via NBC. Murthy reportedly went on to acknowledge that a warning alone has limitations and fails to make social media safe. In an op-ed published in 'The New York Times,' Murthy linked the amount of time spent using social media with an increased risk for children to develop anxiety and depression. In an op-ed published in 'The New York Times,' Murthy linked the amount of time spent using social media with an increased risk for children to develop anxiety and depression. According to the American Psychological Association, teens spend around five hours a day on popular platforms like Instagram, TikTok and YouTube. . In his 'NYT' op-ed, Murthy called on all social media platforms to "proactively enhance and contribute to the mental health and well-being of our children.". One 2019 study found that the number of teens with suicidal thoughts increased 47% between 2008 and 2017, a period which also saw social media use soar.

Credit: Wibbitz Top Stories    Duration: 01:31Published

Donald Trump 'Apprentice' Contestants Were Tested For STDs, New Book Claims

Contestants on Donald Trump's old NBC reality show, "The Apprentice," were tested many, many ways before being fired ... and one test allegedly involved their..
TMZ.com
Jelly Roll Calls Duet With Eminem the ‘Coolest Moment’ of His Career to Date [Video]

Jelly Roll Calls Duet With Eminem the ‘Coolest Moment’ of His Career to Date

Jelly Roll Calls Duet With Eminem , the ‘Coolest Moment’ of His Career to Date. Jelly Roll performed a surprise duet with Eminem on NBC's 'Live From Detroit: The Concert at Michigan Central.'. Jelly Roll performed a surprise duet with Eminem on NBC's 'Live From Detroit: The Concert at Michigan Central.'. In an interview with 'Entertainment Tonight' on June 10, the singer shared how elated he was. When I think about coolest moments of my career, right now at the top, there has to be this thing that I got to go sing with Eminem in Detroit, Jelly Roll, to 'Entertainment Tonight'. I got to sing ‘Sing for the Moment’ with him, which is a record where he sampled Steven Tyler. , Jelly Roll, to 'Entertainment Tonight'. I mean, just what an incredible night and I got to go do it in Detroit. It was unreal. , Jelly Roll, to 'Entertainment Tonight'. Jelly Roll went on to reveal that Eminem was the one who reached out to him to perform. . Em reached out, his team reached out and said, ‘Would you be interested in doing this since he was already there doing the secret tribute?', Jelly Roll, to 'Entertainment Tonight'. I couldn’t believe it. I thought it was a joke until I met Eminem himself … As soon as I met Eminem, it was like the coolest moment ever, man, Jelly Roll, to 'Entertainment Tonight'. I was giddy, like a child. You could see it all over my performance. Just the kid in me. , Jelly Roll, to 'Entertainment Tonight'. Jelly Roll is currently working on his new album, a follow-up to 2023's 'Whitsitt Chapel.'. I have been drowning in this album. I’ve never wrote more songs. I’ve never took it more serious and I’m probably gonna release more music this year than I’ve ever released in a year of my career. , Jelly Roll, to 'Entertainment Tonight'

Credit: Wibbitz Top Stories    Duration: 01:31Published
FDA Reverses Ban on Juul E-Cigarettes [Video]

FDA Reverses Ban on Juul E-Cigarettes

FDA Reverses Ban , on Juul E-Cigarettes. On June 6, the Food and Drug Administration announced that it has reversed its ban on Juul e-cigarettes while the agency reviews new information. On June 6, the Food and Drug Administration announced that it has reversed its ban on Juul e-cigarettes while the agency reviews new information. NBC reports that the FDA first ordered Juul to take its product off the market in 2022, however the e-cigarettes have remained on shelves pending the company's appeal. NBC reports that the FDA first ordered Juul to take its product off the market in 2022, however the e-cigarettes have remained on shelves pending the company's appeal. In that time, Juul has maintained its position as the second-most popular e-cigarette in the U.S. The FDA noted that reversing the ban temporarily was not an indication that the company's product would be ultimately cleared. . The FDA noted that reversing the ban temporarily was not an indication that the company's product would be ultimately cleared. . Sales of alternative nicotine products, like e-cigarettes, have continued to grow in the past decade. . In 2023, the Centers for Disease Control and Prevention reported that e-cigarette use had grown by almost 50% between 2020 and 2022. . In 2023, the Centers for Disease Control and Prevention reported that e-cigarette use had grown by almost 50% between 2020 and 2022. . Juul released a statement following the FDA reversal, . ... saying the company looks forward to "re-engaging with the agency on a science- and evidence-based process to pursue a marketing authorization.". We remain confident in the quality and substance of our applications and believe that a full review of the science and evidence will demonstrate that our products meet the statutory standard of being appropriate for the protection of public health, Juul statement, via NBC. We remain confident in the quality and substance of our applications and believe that a full review of the science and evidence will demonstrate that our products meet the statutory standard of being appropriate for the protection of public health, Juul statement, via NBC. 'The Wall Street Journal' reports that Juul has argued that the 2022 ban significantly disrupted the company's finances, resulting in an investor bailout. Currently, the FDA has only granted approval for 23 e-cigarette products, manufactured by only three companies, to be marketed and sold to consumers

Credit: Wibbitz Top Stories    Duration: 01:31Published
Advocates Warn Extreme Heat Could Drive Home Cooling Costs to Decade High [Video]

Advocates Warn Extreme Heat Could Drive Home Cooling Costs to Decade High

Advocates Warn Extreme Heat , Could Drive Home Cooling , Costs to Decade High. NBC reports that the average cost of keeping a home in the United States cool from June to September is set to hit $719 in 2024, according to new projections. Advocates for low-income households found that those annual costs for cooling a home in the summer are about 8% higher than in 2023. Back in 2021, the average cost to cool a home was down at an average of $573 annually. According to organizations that distribute federal financial support, an estimated one million fewer families will be able to receive assistance paying their energy bills. . This loss of assistance comes partly as the result of government funding for the Low Income Home Energy Assistance Program (LIHEAP) dropping to $4.1 billion, down from $6.1 billion in 2023. It’s inflation in the sense that you have to spend more to cool your house, but you’re using more of it, Mark Wolfe, Executive director of the National Energy Assistance Directors Association (NEADA), via NBC. So you can’t blame the price. This is more the price of climate change, Mark Wolfe, Executive director of the National Energy Assistance Directors Association (NEADA), via NBC. The National Oceanic and Atmospheric Administration has warned that 2024 is expected to rank among the top five hottest years on record. . According to the National Energy Assistance Directors Association (NEADA) report, many households face the risk of debt or potential utility shut-offs for nonpayment. These estimates could, in fact, understate the final costs of home cooling this summer if temperatures continue to reach record levels, National Energy Assistance Directors Association (NEADA) report, via NBC

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