On the sixth day of the ongoing class-action lawsuit against Tesla founder Elon Musk, former CFO Deepak Ahuja took the stand. Ahuja was questioned as a witness to any dealings between the electric car company and the Saudi government’s Public Investment Fund (PIF). While being questioned by defense prosecutors, Ahuja stated that the contents of…
Former Tesla CFO and Major Shareholder Testify in Elon Musk Fraud Trial
Musk Testifies Over ‘Funding Secured’ Tweet in Tesla Investors’ Class Action Lawsuit
A lawsuit about a tweet that Elon Musk made years ago continues, concluding its fifth day on Tuesday. Musk testified for roughly three more hours in a federal trial over a class-action lawsuit alleging he misled Tesla shareholders with a tweet from Aug. 7, 2018. He defended himself against claims that he illegally manipulated Tesla’s…
Twitter Has About 2,300 ‘Active, Working Employees,’ Says Elon Musk
Elon Musk said in a post on Twitter on Saturday that Twitter, Inc. has about 2,300 active employees. CNBC on Friday reported that Twitter’s full-time headcount has reduced to about 1,300 active, working employees, including fewer than 550 full-time engineers by title. About 75 of the company’s 1,300 employees are on leave, including about 40 engineers, CNBC…
LIVE NOW: Tesla Trial Continues, Executives Arrive at Court
The Tesla trial continues at 10:00 a.m. ET on Jan. 23 as executives and attorneys of the company arrive at the court. In the case, Tesla’s shareholders filed claims against the company, Elon Musk, and Tesla directors over allegations that Musk fraudulently inflated Tesla stock in 2018 by tweeting that he was considering taking the…
Tesla Trial Continues, Executives Arrive at Court
The Tesla trial continues at 10:00 a.m. ET on Jan. 23 as executives and attorneys of the company arrive at the court. In the case, Tesla’s shareholders filed claims against the company, Elon Musk, and Tesla directors over allegations that Musk fraudulently inflated Tesla stock in 2018 by tweeting that he was considering taking the…
Anthony Furey: Canada Adds Bureaucracy to the Commercial Space Race
Commentary We wanted flying cars and colonies on Mars but instead we got 140 characters. That line, and different variations of it, is commonly used to express frustration at how scientific progress has in some ways stalled in the past few decades. Its first usage is generally attributed to tech entrepreneur Peter Thiel, who regularly…
Elon Musk Reveals ‘Major Side Effects’ After 2nd COVID Booster
Elon Musk said he felt like he “was dying” after his second COVID-19 booster shot. “I had major side effects from my second booster shot,” the new Twitter boss wrote in a social media post. “Felt like I was dying for several days. Hopefully, no permanent damage, but I don’t know.” Musk didn’t provide medical…
Elon Musk Reveals ‘Major Side Effects’ After 2nd COVID-19 Booster
Elon Musk said he felt like he “was dying” after his second COVID-19 booster shot. “I had major side effects from my second booster shot,” the new Twitter boss wrote in a social media post. “Felt like I was dying for several days. Hopefully, no permanent damage, but I don’t know.” Musk didn’t provide medical…
Millions Respond to Poll Asking If World Economic Forum Should ‘Control the World’
The results are in of a poll initiated by Elon Musk, who asked Twitter users to vote on whether they think the global elite gathering World Economic Forum (WEF) should “control the world.” Musk ran the poll as the WEF’s annual meeting in Davos, Switzerland—which features a host of international leaders, central bankers, Wall Street…
Tesla CEO Elon Musk Faces Trial in Shareholder Case Over Tweets in 2018
January 18, 2023
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A trial is set to start over a class-action lawsuit regarding whether Tesla CEO Elon Musk knowingly misled investors by claiming that funding was “secured” to take the company private in 2018. After closing the deal to purchase Twitter in October 2022, the Tesla CEO now has to face his earlier statements on the same social…
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