Long before Musk purchased Twitter for US$44 billion in October, he had set his sights on Tesla, the electric automaker where he continues to serve as CEO and from which he derives most of his wealth and fame.
Musk's tweets back then fuelled a rally in Tesla's stock price that abruptly ended a week later, after it became apparent that he didn't have the funding for a buyout after all. That resulted in him scrapping his plan to take the automaker private, culminating in a US$40 million settlement with U.S. securities regulators that also required him to step down as the company's chairman.
Chen dealt Musk another setback on Friday, when he rejected Musk's bid to transfer the trial to a federal court in Texas, where Tesla moves its headquarters in 2021. Musk had argued that negative coverage of his Twitter purchase had poisoned the jury pool in the San Francisco Bay Area.
Aaaand here goes CTV….. “let us see who we can try and destroy today with useless information, extrapolate 1 detail, and be terrified by the story we created”
🎼 ♪ Elon, Elon likes his money He makes a lot, they say Spends his days counting In a garage by the motorway ♫
Yyyyaaaawwwwnnnnnn...
CTV's next overly dramatic clickbait headline about Musk: a commercial dispute made to sound like a criminal trial