{"id":72541,"date":"2023-01-14T12:09:20","date_gmt":"2023-01-14T10:09:20","guid":{"rendered":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/tesla-ceo-elon-musk-faces-trial-over-a-tweet-which-manipulated-the-stock-market"},"modified":"2023-01-14T14:44:49","modified_gmt":"2023-01-14T12:44:49","slug":"tesla-ceo-elon-musk-faces-trial-over-a-tweet-which-manipulated-the-stock-market","status":"publish","type":"post","link":"https:\/\/www.africa-press.cc\/zimbabwe\/all-news\/tesla-ceo-elon-musk-faces-trial-over-a-tweet-which-manipulated-the-stock-market","title":{"rendered":"Tesla CEO Elon Musk Faces Trial Over A Tweet Which \u201cManipulated The Stock Market\u201d"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Zimbabwe. <\/strong><\/span>Elon Musk, the CEO of electric car giant Tesla, will face trial on Tuesday over allegedly manipulating the stock market with a 2018 tweet which claimed that he had sufficient funding to take Tesla private, causing a whirlwind in the company\u2019s share price.<\/p>\n<p>Musk was swiftly sued by shareholders for allegedly costing them billions of dollars with the Twitter post that said funding was \u201csecured\u201d to buy out the company\u2019s shareholders.<\/p>\n<p>Judge Edward Chen on Friday refused to transfer the proceedings to Texas, the southern state where Musk moved Tesla\u2019s headquarters and jury selection is scheduled to begin on Tuesday, AFP reported citing a spokesperson for the court.<\/p>\n<p>Defence lawyers had argued that Elon Musk would be denied a fair trial in San Francisco, where most of the fired Twitter workers reside.<\/p>\n<p>According to Bloomberg, Judge Chen expressed confidence at the hearing that impartial jurors could be chosen.<\/p>\n<p>Musk\u2019s short tweet in 2018 has already attracted the attention of authorities.<\/p>\n<p>The US stock market regulator, the Securities and Exchange Commission, ordered that Musk step down as chairman of the board of Tesla and pay a fine of US$20 million.<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/zimbabwe\">Zimbabwe<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Zimbabwe. Elon Musk, the CEO of electric car giant Tesla, will face trial on Tuesday over allegedly manipulating the stock market with a 2018 tweet which claimed that he had sufficient funding to take Tesla private, causing a whirlwind in the company\u2019s share price. Musk was swiftly sued by shareholders for allegedly costing [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":72540,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,9],"tags":[1493,2189,2729,4359,347,19],"class_list":{"0":"post-72541","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-all-news","8":"category-miscellaneous","9":"tag-africa-press","10":"tag-africa-press-zimbabwe-2","11":"tag-elon-musk","12":"tag-tesla","13":"tag-twitter","14":"tag-zimbabwe"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.1 (Yoast SEO v24.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Tesla CEO Elon Musk Faces Trial Over A Tweet Which \u201cManipulated The Stock Market\u201d - zimbabwe<\/title>\n<meta name=\"description\" content=\"Elon Musk, the CEO of electric car giant Tesla, will face trial on Tuesday over allegedly manipulating the stock market ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/tesla-ceo-elon-musk-faces-trial-over-a-tweet-which-manipulated-the-stock-market\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tesla CEO Elon Musk Faces Trial Over A Tweet Which \u201cManipulated The Stock Market\u201d\" \/>\n<meta property=\"og:description\" content=\"Elon Musk, the CEO of electric car giant Tesla, will face trial on Tuesday over allegedly manipulating the stock market ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/tesla-ceo-elon-musk-faces-trial-over-a-tweet-which-manipulated-the-stock-market\" \/>\n<meta property=\"og:site_name\" content=\"zimbabwe\" \/>\n<meta property=\"article:published_time\" content=\"2023-01-14T10:09:20+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-01-14T12:44:49+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2023\/01\/postQueueImg_1673685594.83.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1080\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/tesla-ceo-elon-musk-faces-trial-over-a-tweet-which-manipulated-the-stock-market\",\"url\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/tesla-ceo-elon-musk-faces-trial-over-a-tweet-which-manipulated-the-stock-market\",\"name\":\"Tesla CEO Elon Musk Faces Trial Over A Tweet Which \u201cManipulated The Stock Market\u201d - 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