Investors Mock Elon Musk's Bid To Move Tesla Buyout Trial

CBS San Francisco

January 12, 2023

Lawyers for Tesla shareholders suing the electric vehicle maker's CEO Elon Musk over a misleading tweet are urging a federal judge to reject the billionaire's request to move an upcoming trial to Texas from California.

Musk contends he will be treated unfairly by potential jurors in the San Francisco federal court where the 4-year-old case was filed.

But in a Wednesday filing, the Tesla shareholders' attorneys asserted there aren't any legal grounds to move the upcoming trial that revolves around an Aug. 7, 2018 tweet in which Musk indicated he had lined up financing for a Tesla buyout — a deal that never materialized and resulted in a $40 million settlement with U.S. securities regulators.

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