Shulou(Shulou.com)11/24 Report--

On the morning of January 9, Beijing time, it was reported that Musk would be interrogated in Northern California soon, but lawyers for Tesla and Musk asked a federal judge to transfer the trial from San Francisco to western Texas because they could not find unbiased jurors, and local media and politicians were biased against Musk.

A current director and a former director of Musk and Tesla will be tried and Tesla shareholders file a class action against them, alleging that Mr Musk manipulated the share price in 2018. In 2018, Mr Musk tweeted that Tesla would be privatized and that he had received a financial guarantee. Affected by the news, Tesla shares were suspended from trading and then fluctuated violently.

In 2018, Musk lived in California and Tesla was headquartered in Palo Alto. Musk moved to Texas in 2020 and Tesla moved his headquarters to Austin in 2021.

In 2022, the Northern California Superior District Court judge ruled that Musk's 2018 statement was false, and Musk knew it when he tweeted. In the upcoming trial, the jury will decide whether Musk's tweet affects the interests of shareholders, whether it affects Tesla's share price, how it affects the stock price, and whether Tesla and his directors should be held responsible and compensated.

Lawyers for Tesla and Musk believe that there has been a lot of negative publicity about Musk in California since he took over Twitter in October 2022. Musk became Twitter CEO when the deal was completed, and he slashed thousands of employees. Musk recently appeared in San Francisco and was booed when comedian Dave Chappelle invited him to the stage.

Attorney Alex Spiro (Alex Spiro) believes that jurors may be biased against Musk because of the Twitter layoffs, which is reinforced by negative inflammatory publicity in the local media around the incident. Spiro also said that the negative bias against Musk is not limited to the media. There are always protests and demonstrations outside Musk's office in San Francisco, which are supported and encouraged by local politicians.

For the 2018 release of Twitter, Musk and his lawyers have repeatedly stressed that there is no violation of the law. Musk said he had reached an agreement with the Saudi Public Investment Fund to privatize Tesla at $420 a share. But Saudi investors did not fully agree to fund the deal, according to information disclosed at a trial in 2022. During this trial, lawyer Musk intended to summon four operators of the Saudi Public Investment Fund to testify.

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