Musk Seeks To Move Stock Trial From “Negative” CA

NBC News reports:

Attorneys for Tesla and Elon Musk are asking a federal judge in San Francisco to move, or delay, a forthcoming trial from Northern California to Western Texas, saying they won’t be able to find unbiased jurors and citing “local negativity” toward Musk.

Musk, and other current and former Tesla board members, are set to face a jury in a shareholder class action that claims the CEO manipulated Tesla’s stock in 2018 when he tweeted that he was considering taking his electric vehicle company private at $420 per share, and had “funding secured” to do so.

Tesla’s stock trading initially halted, then shares were highly volatile for weeks after the tweets. That year, Musk resided in California and Tesla was headquartered in Palo Alto.

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Attorneys for Tesla and Elon Musk are asking a federal judge in San Francisco to move, or delay, a forthcoming trial from Northern California to Western Texas, saying they won’t be able to find unbiased jurors and citing “local negativity” toward Musk. https://t.co/VFhMwYg8MI

— NBC News (@NBCNews) January 7, 2023