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.
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.
Vice President JD Vance has broken his silence on the escalating feud between Elon Musk and Donald Trump, calling it a “huge mistake.” In a podcast interview with comedian Theo Von, Vance emphasized the need for reconciliation and praised both men’s influence. He criticized the public spat, especially Musk’s recent impeachment remark, and urged the Tesla CEO to return “to the fold.” Vance reaffirmed his loyalty to Trump, stating he has done more than anyone to earn the movement’s trust, and dismissed the feud as harmful to the country’s interests.
#JDVance #ElonMusk #DonaldTrump #TrumpNews #MuskVsTrump #OneBigBeautifulBill #USPolitics #VancePodcast #TheoVon #PoliticalFeud #MuskTrumpFeud #Trump2024 #ElonNews #VicePresidentVance #RepublicanNews #MAGA #GOPDrama #ConservativePolitics #AmericanLeadership #PoliticalRift
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Tensions between U.S President Donald Trump and Elon Musk have reached a boiling point. In this video, we break down the most dramatic moments — from Trump saying he’s “not thinking about Elon,” to potential reviews of Tesla’s billion-dollar federal contracts.
We also cover the fallout: a $150 billion Tesla stock crash, Musk’s public condemnation of Trump’s tax bill, and the revocation of support for Musk ally Jared Isaacman at NASA. Is this the beginning of a political war between the most powerful man in America and the richest man in the world?
#TrumpVsMusk #ElonMusk #DonaldTrump #TeslaCrash #WhiteHouseDrama #PoliticalFeud #Tesla #GOP #ElonVsTrump #MuskNews #USPolitics #Trump2025 #BreakingNews #SpaceX #TechVsPolitics
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The bromance is officially dead. U.S. President Donald Trump is reportedly considering selling off his red Tesla—once a show of support for Elon Musk—following a bitter exchange of insults. Musk claimed credit for Trump’s political survival, while Trump threatened to slash Tesla and SpaceX’s federal contracts. From personal cars to national budgets, nothing seems off-limits in this feud. Sources say the Tesla may be given away or sold off. Is this a petty move or a political statement? Dive into the clash that’s redefining tech-power ties in D.C.
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Tesla shares plunged 14% Thursday, erasing $150 billion in market value, as Elon Musk’s feud with Donald Trump escalated publicly. Investors fear the fallout could jeopardize Tesla’s regulatory future, particularly its self-driving and robotaxi ambitions. Musk accused Trump of ties to the “Epstein files” in a shocking post on X. Trump retaliated, blaming Musk’s EV losses. With federal scrutiny already looming over Tesla’s FSD system, the clash could cost Musk more than stock value—it could derail Tesla’s future altogether.
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In a dramatic Independence Day twist, Elon Musk hinted at launching a new third political party in the United States, directly challenging Donald Trump’s influence over the Republican base. Speaking during a July 4 livestream, Musk criticized both major parties as corrupt and incapable of solving America’s problems, declaring the need for “fresh leadership” rooted in technology and transparency.
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A political firestorm has erupted after Elon Musk publicly declared his support for Rep. Thomas Massie, a Republican from Kentucky who has drawn the ire of Donald Trump. Massie, known for opposing Trump’s One Big Beautiful Bill and calling out recent Iran strikes as unconstitutional, now finds himself targeted by Trump in a fiery GOP primary feud.
Trump labeled Massie a “pathetic loser” and vowed to campaign hard against him. However, Musk’s financial support and vocal backing on X could change the game. Former Rep. Justin Amash and grassroots conservatives have also rallied behind Massie, portraying him as a principled fiscal conservative resisting bloated spending. With nearly $309K raised in just a week, Massie’s campaign gains momentum amid the MAGA-driven backlash. The battle now highlights a deeper rift in the Republican Party — between loyalty to Trump and commitment to independent conservative values.
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A massive new tax and spending bill, championed by Donald Trump as his "big, beautiful bill," has cleared major congressional hurdles and is now facing a final, contentious vote. The legislation proposes a sweeping overhaul of the US economy, extending Trump's 2017 tax cuts while significantly boosting defense and energy spending and allocating new funds for border security. This move has ignited a political firestorm in Washington D.C., creating deep divisions not only between parties but within the Republican ranks and even straining Trump's relationship with high-profile supporters like Elon Musk.
The funding for this ambitious bill is at the heart of the controversy. The Republican proposal outlines deep cuts to essential social safety nets, including Medicaid, the Supplemental Nutrition Assistance Program (SNAP), and other low-income assistance programs. According to the Congressional Budget Office, these changes could result in nearly 12 million Americans losing their health coverage. The bill also introduces new work requirements for childless, able-bodied adults to receive Medicaid and SNAP benefits.
The financial implications are staggering. The bill is projected to add an estimated $3.3 trillion to the national debt over the next decade, a figure that has caused alarm and division among fiscal conservatives in the GOP. Social Democrats like Bernie Sanders have fiercely condemned the bill, labeling it a "handout to Trump’s rich allies." In a tense Senate session, Vice President JD Vance had to cast a tie-breaking vote to advance the legislation.
Despite the backlash, the bill contains provisions aimed at working-class voters, such as eliminating federal taxes on tips and overtime pay. However, House Democrats have blasted the legislation as a "reckless, regressive GOP tax scam" ahead of the crucial midterm elections. As the final vote looms, Trump has urged Republican lawmakers to "stay united" and pass the bill, which also includes a provision to raise the debt ceiling by $5 trillion.
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